Item 8.01 Other Events.

We are providing additional financial information for our four reportable segments (real estate services, properties, rentals, and mortgage), as well as our "other" segment, for each of the three months ended March 31, 2022, December 31, 2021, September 30, 2021, June 30, 2021, and March 31, 2021 (collectively, the "Reporting Periods"). We have assigned certain previously reported expenses to each segment to conform to the way we internally manage and monitor our business. We allocated indirect costs to each segment based on a reasonable allocation methodology, when such costs are significant to the performance measures of the segments. Accordingly, the additional information shows operating expenses and net income (loss) for each segment with respect to the Reporting Periods.

The additional information provides greater visibility into the profitability of each of our segments but does not revise our previously reported gross profit (on a consolidated basis or with respect to any segment) for the Reporting Periods. However, due to our new allocation methodology, the amount of operating expenses allocated to each segment with respect to the Reporting Periods was revised from previously reported amounts on a segment basis. Operating expenses on a consolidated basis have not been revised from our previously reported amounts for the Reporting Periods.

Additionally, for each reportable segment and our "other" segment, we are presenting adjusted EBITDA, along with a reconciliation from net income (loss), for each Reporting Period. Adjusted EBITDA is a non-GAAP financial measure. We believe adjusted EBITDA is useful for investors because it enhances period-to-period comparability of our financial statements on a consistent basis and provides investors with useful insight into the underlying trends of the business. The presentation of this financial measure is not intended to be considered in isolation or as a substitute of, or superior to, our financial information prepared and presented in accordance with GAAP. Our calculation of adjusted EBITDA may be different from adjusted EBITDA or similar non-GAAP financial measures used by other companies, limiting its usefulness for comparison purposes.

Exhibit 99.1 contains the additional financial information and our presentation of adjusted EBITDA and the related reconciliation.

Item 9.01 Financial Statements and Exhibits.



   Exhibit Number       Description
   99.1                   Segment Financial Information
   104                  Cover page interactive data file, submitted using inline XBRL



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