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Related Party Transactions (Notes) | 6 Months Ended
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Jun. 30, 2020
Related Party Transactions [Abstract] |
Related Party Transactions | Related Party Transactions Commission Revenue The Company serves as a broker for Holding Company of the Villages, Inc. (“Villages”), a related party entity. Commission revenue recorded as a result of these transactions was $452,000 and $133,000 for the three months ended June 30, 2020 and 2019, respectively, and $721,000 and $443,000 for the six months ended June 30, 2020 and 2019, respectively. The Company serves as a broker for certain entities in which a member of our board of directors has a material interest. Commission revenue recorded as a result of these transactions was $2,000 and $4,000 for the three months ended June 30, 2020 and 2019, respectively, and $124,000 and $118,000 for the six months ended June 30, 2020 and 2019, respectively. Rent Expense The Company has various agreements to lease office space from wholly-owned subsidiaries of Villages. Total rent expense incurred with respect to Villages and its wholly-owned subsidiaries was $151,000 and $125,000 for the three months ended June 30, 2020 and 2019, respectively, and $284,000 and $249,000 for the six months ended June 30, 2020 and 2019, respectively. The Company has various agreements to lease office space from other related parties. Total rent expense incurred with respect to related parties other than Villages was $516,000 and $149,000 for the three months ended June 30, 2020 and 2019, respectively, and $764,000 and $298,000 for the six months ended June 30, 2020 and 2019, respectively. LLC Unit Redemptions In connection with the public offering of our Class A common stock in June 2020, we repurchased 1,875,000 LLC Units from Lowry Baldwin, the Company's Chairman, 450,000 LLC Units from Elizabeth Krystyn, one of the Company's founders, and 150,000 LLC Units from Laura Sherman, one of the Company's founders, at a price per LLC Unit equal to the price per share paid by the underwriters in the public offering.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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