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Revenues from Contracts with Customers
 12 Months Ended
Dec. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenues from Contracts with Customers Revenues from Contracts with Customers
The following table presents Newmark’s total revenues separately for its revenues from contracts with customers and other sources of revenues (in thousands):
 Year Ended December 31,
 202020192018
Revenues from contracts with customers:
Leasing and other commissions$513,842 $854,780 $817,435 
Capital markets commissions454,106 541,255 468,904 
Management services467,453 446,367 414,447 
Total1,435,401 1,842,402 1,700,786 
Other sources of revenue(1):
Gains from mortgage banking activities/originations, net310,914 198,085 182,264 
Servicing fees and other
158,683 177,645 164,529 
Total$1,904,998 $2,218,132 $2,047,579 
(1)Although these items have customers under contract, they were recorded as other sources of revenue as they were excluded from the scope of ASU No. 2014-9.

Disaggregation of revenues
Newmark’s chief operating decision-maker, regardless of geographic location, evaluates the operating results, including revenues, of Newmark as total real estate (see Note 3 — “Summary of Significant Accounting Policies” for further discussion).

Contract balances
The timing of Newmark’s revenue recognition may differ from the timing of payment by its customers. Newmark records a receivable when revenue is recognized prior to payment and Newmark has an unconditional right to payment. Alternatively, when payment precedes the provision of the related services, Newmark records deferred revenue until the performance obligations are satisfied.
Newmark’s deferred revenue primarily relates to customers paying in advance or billed in advance where the performance obligation has not yet been satisfied. Deferred revenue at December 31, 2020 and 2019 was $2.9 million and $4.2 million, respectively. During the years ended December 31, 2020 and 2019, Newmark recognized revenue of $2.8 million and $1.8 million, respectively, that was recorded as deferred revenue at the beginning of the period.