Risk Factors Update Summary

• Addition of "or worsens" to the risk factors related to the U.S. residential real estate market.
• Detailed risks associated with cybersecurity incidents and potential consequences on operations and reputation.
• Changes in regulations could reduce barriers to entry for alternative solutions, increasing innovation pace.
• Inclusion of specific percentages for revenues from California, New York, and Florida in 2022 and 2023.
• Notable increase in total debt from $2,875 million in 2022 to $2,567 million in 2023.
• Discussion of the impact of industry structure changes on operations and financial results.
• Changes in legislation or regulations may result in additional limitations or restrictions on our business.
• Mention of a decrease in average homesale brokerage commission rate and potential impact on financial results.
• Introduction of the potential impact of rising interest rates on residential real estate homesale transaction volume.
• Uncertainty exists around potential impacts of policy, regulatory, or governmental actions on industry structure.