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Revenues from Contracts with Customers
 3 Months Ended
Mar. 31, 2021
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):
 Three Months Ended March 31,
 20212020
Revenues from contracts with customers:
Leasing and other commissions$147,433 $140,439 
Capital markets commissions121,403 127,923 
Management services146,567 125,571 
Total415,403 393,933 
Other sources of revenue(1):
Gains from mortgage banking activities/originations, net47,393 50,422 
Servicing fees and other
41,184 39,575 
Total$503,980 $483,930 
(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 March 31, 2021 and December 31, 2020 was $2.4 million and $2.9 million, respectively. During the three months ended March 31, 2021 and 2020, Newmark recognized revenue of $1.3 million and $0.2 million, respectively, that was recorded as deferred revenue at the beginning of the period.