CURRENT EXPECTED CREDIT LOSSES

12 Months Ended

Dec. 31, 2024

Real estate broker agent receivables: Douglas Elliman Realty is exposed to credit losses for various amounts due from real estate agents, which are included in Agent receivables, net on the consolidated balance sheets, net of an allowance for credit losses. The Company estimates its allowance for credit losses on receivables from agents based on an evaluation of aging, agent sales in pipeline, any security, specific exposures, historical experience of collections from the individual agents, and current and expected future market trends. The Company estimated that the credit losses for these receivables were $4,783 and $5,575 at December 31, 2024 and December 31, 2023, respectively.

The following table summarizes changes in the allowance for credit losses for the year ended December 31, 2024:


	January 1, 2024		Current Period Provision			Write-offs		Recoveries		December 31, 2024
Allowance for credit losses:
Real estate broker agent receivables	$	5,575	$	5,241	(1)	$	6,033	$	—	$	4,783

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(1)The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s consolidated statements of operations.

The following table summarizes changes in the allowance for credit losses for the year ended December 31, 2023:


	January 1, 2023		Current Period Provision			Write-offs		Recoveries		December 31, 2023
Allowance for credit losses:
Real estate broker agent receivables	$	10,916	$	4,712	(1)	$	10,053	$	—	$	5,575

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(1)The current period provision for the real estate broker agent receivables is included in “General and administrative expenses” in the Company’s consolidated statements of operations.