(Expanding my comment) Any homogeneous cubic polynomial, such as $4x^3-7xy^2+y^3$ (taking a random example), when divided by $x^2+y^2$, will produce something with degree of homogeneity $1$. The reason to divide by $x^2+y^2$ is that this expression is not zero except at the origin (we obviously don't want to divide by zero). The function still needs to be defined at the origin; let it be zero there, in consistence with homogeneity.
If the fraction $p(x,y)/(x^2+y^2)$ agreed with some linear function $ax+by$, we would have $p(x,y) = (x^2+y^2)(ax+by)$. But I'm pretty sure this is not the case for my choice of $p$. An easy way to check this is to look at $p(1,i)$, where $i$ is the imaginary unit.
Yes, I know that $x,y$ are meant to be real; but if a polynomial identity holds over reals, it holds over complex numbers too. If you are suspicious about this approach, do long division instead.