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Revenues from Contracts with Customers
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
 2021202020212020
Revenues from contracts with customers:
Leasing and other commissions$184,346 $120,079 $331,779 $260,517 
Capital markets commissions184,756 52,959 306,159 180,882 
Management services179,414 105,097 325,981 230,667 
Total548,516 278,135 963,919 672,066 
Other sources of revenue(1):
Gains from mortgage banking activities/originations, net41,260 69,071 88,653 119,494 
Servicing fees and other
40,095 36,512 81,279 76,087 
Total$629,871 $383,718 $1,133,851 $867,647 
(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 June 30, 2021 and December 31, 2020 was $2.2 million
and $2.9 million, respectively. During the six months ended June 30, 2021 and 2020, Newmark recognized revenue of $1.5 million and $1.9 million, respectively, that was recorded as deferred revenue at the beginning of the period.