“With
the

recent
announcements
by


Zillow,


Redfin
and
others
intended
to
prevent
certain
private
listings
from
ever
appearing
on
their
websites,
we
believe
our
strategic
view
gets
even
stronger.
Specifically,
I
do
not
think
that
advising
the
vast
majority
of
sellers
to
do
a
private
risk
listing
and
risk
their
property
not
getting
displayed
on
some
of
the
most
prominent
public
portals
is
a
winning
strategy.”

Schneider
said
that
Anywhere’s
agents
are
only

incentivized
to
do
what
is
right
for
their
client,
even
if
another
strategy
would
be
more
beneficial
to
their
brokerage. 

Schneider
said
that
Anywhere
supports
Zillow’s
new
and
controversial
listing
policy. 

“The
choice
was
Zillow’s
and
Redfin’s
to
make
and
if
they
don’t
want
to
display
listings
that
were
private,
then
that’s
their
choice,
but
I
think
having
your
listings
on
public
portals
is
a
helpful
thing
in
selling
your
house,”
Schneider
said. 

Schneider,
however,
acknowledged
that
there
is
a
time
and
a
place
for
private
listings,
and
noted
that

Sotheby’s,

Corcoran
and

Coldwell
Banker
Global
Luxury
all
have
private
listing
networks. 

“We
sell
private
listings
where
it’s
right
for
the
customer.
But
it’s
a
pretty
small
share
of
those
listings
—
it
is
really
a
niche
thing
and
it
skews
more
toward
luxury
listings,”
he
said.

As
the
debate
surrounding
CCP
and
private
listings
finally
reaches
the
public,
Schneider
said
that
Anywhere
has
not
seen
an
uptick
in
the
number
of
private
listings.
He
attributed
this
to
Anywhere
agents
doing
what
is
best
for
their
customers.

While
Schneider
and
Anywhere
are
strongly
in
favor
of
listing
transparency,
in
order
to
not
be
caught
flat-footed,
he
said
the
firm
is
working
to
build
out
private
listing
capabilities
for
its
franchisees.

“We
never
want
to
be
at
a
competitive
disadvantage
if
private
listings
really
do
become
more
prevalent
out
there
in
the
industry,”
he
said. 

Although
Anywhere’s
stance
on
private
listings
may
not
be
in
line
with
some
rivals,
Schneider
said
his
firm
will
ultimately
be
on
the
right
side
of
history. 

“You
are
likely
to
see
the
success
with
the
end
customer,
not
just
in
the
near
term
on
the
current
listing,
but
over
time.
I
think
you
can
probably
talk
a
customer
into
doing
something
against
their
best
interests
once,
but
over
time,
those
kinds
of
things
tend
to
not
be
really
sustainable
business
approaches,”
Schneider
said.
“The
more
listings
I
can
do
exclusively,
my
brokerage
makes
more
money,
but
that
may
not
be
the
best
thing
for
the
customer
and
I
think
if
you
don’t
do
the
best
thing
for
the
customer
in
the
long
term,
businesses
get
into
real
trouble
that
way,
as
do
industries.”

Anywhere
executives
also
believe
their
commitment
to
listing
transparency
has
helped
the
firm
in
recruiting. 

“Some
of
our
recent
recruiting
success,
which
is,
frankly,
a
lot
better
than
it
was
a
year
ago,
especially
versus
some
of
our
bigger
competitors,
is
partly
because
agents
like
the
approach
we’re
taking
to
listings,”
Schneider
declared. 

Anywhere’s
investors
will
have
to
hope
that
Schneider
and
his
team
are
correct
with
their
assertions
because
they
are
most
likely
hoping
for
an
improved
financial
performance
in
the
future. 

Despite
recording
a
$78
million
year-over-year
increase
in
revenue
to
$1.2
billion,
the
firm
still
reported
a
$78
million
net
loss
in

Q1
2025,
a
$23
million
improvement
from
a
year
prior.
Additionally,
Anywhere
reported
a
negative
free
cash
flow
of
$130
million.

These
results
came
as
transaction
units
were
down
roughly
4%
annually,
which
was
partially
offset
by
an
11%
increase
in
home
sale
prices.
On
the
bright
side,
however,
the
firm
reported
$14
million
in
cost
savings
and
executives
say
it
is
on
track
to
deliver
$100
million
in
cost
savings
for
the
full
year
2025.