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Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings, Incorporated First Quarter 2021 Earnings Conference Call. I will momentarily open up the conference lines for questions, until then all parties remain in a listen-only mode with instructions to follow at that time. [Operator Instructions] Joining me today are Chief Executive Officer, Rick Massey; President, David Ducommun; and Chief Financial Officer, Bryan Coy. A replay of this call will be available through 11:59 p.m. Eastern Time on May 17th, 2021. Before we begin, I would like to remind you that this conference may contain forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management s beliefs, as well as assumptions made by and informed information currently available to management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.
Operator Good morning, and welcome to RE/MAX Holdings First Quarter 2021 Earnings Conference Call and Webcast. My name is Megan, and I will be facilitating the audio portion of today s call. [Operator Instructions] At this time, I would like to turn the call over to Andy Schulz, Senior Vice President of Investor Relations, Mr. Schulz? Andy Schulz Senior Vice President, Investor Relations Thank you, operator. Good morning, everyone, and welcome to RE/MAX Holdings First Quarter 2021 Earnings Conference Call. Please visit the Investor Relations page of remax.com for all earnings related materials and to access the live webcast and the replay of the call today. If you are participating through the webcast, please note that you will need to advance the slides as we move through the presentation. Turning to Slide two. Our prepared remarks and answers to your questions on today s call may contain forward-looking statements. Forward-looking statements include those related to agent count, franchise sales, financial measures and outlook, brand expansion, competition, technology, housing and mortgage market conditions, including statements about recovery of those markets, capital allocation, dividends, strategic and operational plans and business models. Forward-looking statements represent management s current estimates. RE/MAX Holdings assumes no obligation to update any forward-looking statements in the future. Forward-looking statements address matters that are subject to risks and uncertainties that may cause actual results to differ materially from those projected in forward-looking statements. These are discussed in our first quarter 2021 financial results press release and other SEC filings. Also, we will refer to certain non-GAAP measures on today s call. Please see the definitions and reconciliations of non-GAAP measures contained in our most recent quarterly financial results press release, which is available on our website. Joining me on our call today are Adam Contos, our Chief Executive Officer; Karri Callahan, our Chief Financial Officer; Nick Bailey, RE/MAX s Chief Customer Officer; and Ward Morrison, President of Motto Mortgage.