Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill

v3.25.1
Goodwill
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
The Company recorded goodwill in connection with the acquisition of Verus which closed in November 2020, in connection with the acquisitions of Red Barn, E4:9, LiveBy, Epic and Woodhouse which closed in 2021, and the
acquisition of My Home Group which closed in November 2024. These acquisitions have been accounted for using the acquisition method accounting. Under the acquisition method of accounting, the Company allocated the total purchase price to the tangible and identifiable intangible assets acquired, and assumed liabilities based on their estimated fair values as of the acquisition date, as determined by management. The excess of the purchase price over the aggregate fair values of the identifiable assets was recorded as goodwill.
The change in goodwill within Other is mainly a result of the sale of the insurance business in May 2024.
The changes in carrying value of goodwill by segment as of December 31, 2024 are as noted in the table below (amount in thousands):
Real Estate
Brokerage		 Mortgage Technology
Other1
Total
Balance at December 31, 2023 $ 2,690  $ 10,428  $ 4,168  $ 8,321  $ 25,607 
Goodwill acquired during the period 1,378  —  —  —  1,378 
Goodwill disposed during the period —  —  —  (5,487) (5,487)
Balance at December 31, 2024 $ 4,068  4068000 $ 10,428  $ 4,168  $ 2,834  $ 21,498 
(1) Other comprises goodwill not assigned to a reportable segment.