XML 54 R32.htm IDEA: XBRL DOCUMENT v3.23.1
Basis Of Presentation Revenue Recognition - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Disaggregation of Revenue [Line Items]    
Revenues [1] $ 1,131 $ 1,635
Gross commission income    
Disaggregation of Revenue [Line Items]    
Revenues [2] 903 1,247
Service revenue    
Disaggregation of Revenue [Line Items]    
Revenues [3] 127 246
Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues [4] 69 99
Other    
Disaggregation of Revenue [Line Items]    
Revenues [5] 32 43
Franchise Group    
Disaggregation of Revenue [Line Items]    
Revenues [1] 207 267
Franchise Group | Gross commission income    
Disaggregation of Revenue [Line Items]    
Revenues [2] 0 0
Franchise Group | Service revenue    
Disaggregation of Revenue [Line Items]    
Revenues [3] 55 55
Franchise Group | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues [4] 129 180
Franchise Group | Other    
Disaggregation of Revenue [Line Items]    
Revenues [5] 23 32
Owned Brokerage Group    
Disaggregation of Revenue [Line Items]    
Revenues [1] 915 1,264
Owned Brokerage Group | Gross commission income    
Disaggregation of Revenue [Line Items]    
Revenues [2] 903 1,247
Owned Brokerage Group | Service revenue    
Disaggregation of Revenue [Line Items]    
Revenues [3] 4 6
Owned Brokerage Group | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues [4] 0 0
Owned Brokerage Group | Other    
Disaggregation of Revenue [Line Items]    
Revenues [5] 8 11
Title Group    
Disaggregation of Revenue [Line Items]    
Revenues [1] 72 190
Title Group | Gross commission income    
Disaggregation of Revenue [Line Items]    
Revenues [2] 0 0
Title Group | Service revenue    
Disaggregation of Revenue [Line Items]    
Revenues [3] 68 185
Title Group | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues [4] 0 0
Title Group | Other    
Disaggregation of Revenue [Line Items]    
Revenues [5] 4 5
Corporate and Other    
Disaggregation of Revenue [Line Items]    
Revenues [1],[6] (63) (86)
Corporate and Other | Gross commission income    
Disaggregation of Revenue [Line Items]    
Revenues [2] 0 0
Corporate and Other | Service revenue    
Disaggregation of Revenue [Line Items]    
Revenues [3] 0 0
Corporate and Other | Franchise fees    
Disaggregation of Revenue [Line Items]    
Revenues [4] (60) (81)
Corporate and Other | Other    
Disaggregation of Revenue [Line Items]    
Revenues [5] $ (3) $ (5)
[1] Transactions between segments are eliminated in consolidation. Revenues for Franchise Group include intercompany royalties and marketing fees paid by Owned Brokerage Group of $63 million and $86 million for the three months ended March 31, 2023 and 2022, respectively. Such amounts are eliminated through the Corporate and Other line.
[2] Gross commission income at Owned Brokerage Group is recognized at a point in time at the closing of a homesale transaction
[3] Service revenue primarily consists of title and escrow fees at Title Group and are recognized at a point in time at the closing of a homesale transaction. Service revenue at Franchise Group includes relocation fees, which are recognized as revenue when or as the related performance obligation is satisfied dependent on the type of service performed, and fees related to leads and related services, which are recognized at a point in time at the closing of a homesale transaction or at the completion of the related service.
[4] Franchise fees at Franchise Group primarily include domestic royalties which are recognized at a point in time when the underlying franchisee revenue is earned (upon close of the homesale transaction).
[5] Other revenue is comprised of brand marketing funds received from franchisees at Franchise Group and other miscellaneous revenues across all of the business segments.
[6] Includes the elimination of transactions between segments.