I Can't Make You Love Me
Industry Relations
In this thought-provoking episode of Industry Relations, Rob and Greg explore the seismic changes shaking up the real estate world as Phoenix Realtors challenge the NAR three-way agreement. They delve into the implications of member-driven value propositions, whether NAR can reinvent itself, and the ongoing debate over what truly inspires and retains Realtor memberships. The conversation is a deep dive into the challenges and opportunities ahead for the industry. Key Takeaways • Phoenix Realtors’ Bold Move: The Phoenix Association’s MLS Choice Program creates a potential watershed...
info_outline
Rob and Greg look ahead to 2025
Industry Relations
In this final episode of the year, Rob and Greg deliver their predictions for 2025, exploring how the real estate industry will evolve. They tackle everything from transaction volumes and mortgage rates to the fate of MLSs and the potential unraveling of the three-way agreement. Along the way, they discuss societal trends, like the importance of community and the role associations can play in bringing people together, while reflecting on industry dynamics and the future of key players like Realtor.com and Compass. Key Takeaways • Predictions for 2025: Rob and Greg forecast transaction...
info_outline
2024 ORE Year End Recap
Industry Relations
In this Industry Relations episode, Rob and Greg reflect on the pivotal events of 2024, dubbing it “The Year of the Settlement.” They analyze the seismic shifts in real estate, including the impact of high-interest rates, low inventory, NAR’s declining influence, and the ripple effects of major lawsuits. The duo also previews what these changes could mean for 2025 and beyond, setting the stage for a new era in real estate. Key Takeaways • 2024: A Year of Change: Why the settlement and other industry events signal the dawn of Real Estate 3.0. • NAR’s Decline: The fallout...
info_outline
Choking on NAR's Kielbasa
Industry Relations
In this episode of Industry Relations, Rob and Greg tackle the latest controversies surrounding NAR and the recent investigative article from The New York Times. They debate the role of lobbying, explore accusations of corruption and financial mismanagement, and reflect on the broader challenges facing NAR’s leadership and reputation. Key Takeaways • NAR and Lobbying Controversy: Discussion on how NAR funnels money to political groups through entities like the American Property Owners Alliance (APOA). • The “Woke vs. Conservative” Debate: Examining NAR’s conflicting image as...
info_outline
Supply, Demand and Deregulation with Professor Bryan Caplan
Industry Relations
Overview In this special episode of Industry Relations, Rob and Greg welcome economist and author Professor Bryan Caplan to discuss his latest book, Build Baby Build: The Science and Ethics of Housing Regulation. The trio dives into the housing crisis, exploring how deregulation could address affordability, inequality, and other societal issues. Bryan’s insights challenge conventional thinking, offering bold solutions for the future of housing. Key Takeaways • Core Argument: Bryan argues that excessive housing regulations have driven up costs, stifled innovation, and exacerbated...
info_outline
Understanding both sides of the housing market
Industry Relations
Episode Summary: In this episode, Rob and Greg tackle the latest developments in the housing market and its broader implications for real estate professionals. From dissecting the DOJ’s recent moves to exploring how transactions and home prices define market strength, the duo brings sharp insights and engaging commentary to these critical topics. Discussion Highlights: • DOJ’s Statement of Interest: What it means for buyer agreements and competition in the real estate market. • Market Metrics Debate: Rob questions whether housing market health should be based on transactions and...
info_outline
What the DOJ’s recent Statement of Interest really means for real estate
Industry Relations
Episode Summary: In this timely episode In this timely episode (recorded Monday, November 25), Rob and Greg dive deep into the DOJ’s recent statement of interest in the Burnett settlement. They break down the key points raised, including the potential antitrust concerns surrounding the requirement for buyers to sign agreements before home tours and the broader implications for real estate brokers and agents. The discussion highlights: • The DOJ’s clarification that compliance with the NAR settlement does not shield brokers or agents from future antitrust actions. • Concerns...
info_outline
The knowns and unknowns of NAR leadership decisions
Industry Relations
In this episode of Industry Relations, Rob and Greg dive into the latest developments in the real estate world, focusing on leadership, membership dynamics, and the challenges facing NAR in 2024. They engage in a spirited debate about leadership priorities, assessing Nykia Wright’s tenure as CEO, and what it takes to steer an organization during turbulent times. Key Takeaways • Leadership Dynamics: A breakdown of the responsibilities and criticisms of Nykia Wright’s first year as CEO of NAR. • Membership Retention: Insights into how NAR has managed to retain members despite...
info_outline
And they all fall down...
Industry Relations
Greg just landed back home from NAR Boston and Rob is curious to what insights he learned. Greg’s main insight is that he isn’t as young as he once was. 1. Election Impact on Real Estate: • Rob and Greg delve into the recent election results, exploring how potential changes in government could impact HUD and real estate policies. • Debate on the future leadership of HUD and the potential impacts on the industry. 2. National Association of Realtors (NAR) Conference Recap: • Greg shares insights from the recent NAR conference, touching on the atmosphere...
info_outline
Industry Relations Podcast: The Worst of All Possible Worlds?
Industry Relations
Episode Overview Rob and Greg explore how the upcoming election could reshape the real estate industry, focusing on regulatory impacts, DOJ actions, and antitrust issues. They also discuss potential changes to industry practices and transparency in agent behavior. Key Topics 1. Election Predictions: • Friendly wager on election outcomes, with predictions on how results could shift real estate policies, especially through DOJ and FTC actions. 2. Antitrust Settlement and NAR Challenges: • Tanya Monestier’s objections to the recent antitrust settlement, highlighting concerns over consumer...
info_outlineOverview:
Rob and Greg talk with Jack Miller, CEO of T360, about the recently released “Opportunity Report” and its significance for the real estate industry. The discussion focuses on how real estate leaders can navigate current challenges and seize opportunities in the face of regulatory changes, declining transaction volume, and industry consolidation.
Key Topics:
1. The Opportunity Report:
• A newly released report from T360, available for free at theopportunityreport.com.
• Provides a 100-page analysis of risks and opportunities in the real estate industry.
• Includes insights from over 50 industry leaders on how to approach challenges in the current market.
2. The Role of the MLS:
• Jack emphasizes the importance of the MLS as a marketing and data platform, even without mandatory compensation rules.
• MLS consolidation is expected, with strong MLSs providing more value to their users.
3. Legal and Regulatory Pressures:
• The real estate industry is under scrutiny from the DOJ and faces multiple lawsuits.
• These challenges present an opportunity for brokerages and MLSs to innovate and improve transparency.
4. Future of Associations:
• Jack discusses the potential for separating MLS and Realtor associations and restructuring governance.
• Associations need to adapt and provide more value beyond just MLS access to remain relevant.
5. Opportunities in a Challenging Market:
• Jack urges leaders to lean into change and view the current market as a chance to innovate and grow.
• The report highlights that companies that embrace change during tough times can emerge stronger.
Watch us on YouTube!
Reach Out:
Jack Miller on LinkedIN
Download the Opportunity Report at theopportunityreport.com.
Connect with Rob and Greg:
Our Sponsors:
This podcast is produced by Sunbound Studios