Segment Reporting and Revenue (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Information on each of the reportable and other segments and reconciliation to consolidated net (loss) income is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Revenue
Real estate services (brokerage)	$	243,575	$	194,375	$	637,532	$	425,269
Real estate services (partner)	14,220		15,478		41,070		28,269
Properties	238,417		19,005		503,588		170,287
Rentals	40,406		—		82,954		—
Other	8,206		8,503		26,084		19,999
Intercompany eliminations	(4,750)		(445)		(11,520)		(2,248)
Total	$	540,074	$	236,916	$	1,279,708	$	641,576
Cost of revenue
Real estate services	161,449		117,944		453,790		300,305
Properties	238,397		20,460		496,948		173,107
Rentals	7,395		—		14,965		—
Other	10,281		5,885		29,729		18,422
Intercompany eliminations	(4,750)		(445)		(11,520)		(2,248)
Total	$	412,772	$	143,844	$	983,912	$	489,586
Gross profit
Real estate services	96,346		91,909		224,812		153,233
Properties	20		(1,455)		6,640		(2,820)
Rentals	33,011		—		67,989		—
Other	(2,075)		2,618		(3,645)		1,577
Total	$	127,302	$	93,072	$	295,796	$	151,990
Real estate services, properties, and other operating expenses	96,910		56,063		281,569		176,837
Rentals operating expenses	50,286		—		98,950		—
Interest income	178		319		472		1,859
Interest expense	(3,672)		(2,522)		(7,822)		(7,631)
Income tax benefit	311		—		5,363		—
Other income (expense), net	4,128		(640)		4,099		(1,943)
Net (loss) income	$	(18,949)	$	34,166	$	(82,611)	$	(32,562)