Industry Relations Podcast: The Worst of All Possible Worlds?
Release Date: 11/06/2024
You down with CCP?
Industry Relations
In this episode of Industry Relations, Rob and Greg examine how changes to MLS rules, especially around delayed marketing and the Clear Cooperation Policy (CCP), are impacting portals, broker strategies, vendors, and the broader real estate ecosystem. They also explore the implications of the Rocket-Redfin merger, challenges for MLS public-facing websites, and what the new data policy landscape means for technology providers. Key Takeaways • Portal Impact of CCP Changes – Rob and Greg analyze how platforms like Zillow, Redfin, Realtor.com, and Homes.com are adapting to rule changes....
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Who's Your Daddy?
Industry Relations
In this episode of Industry Relations, Rob and Greg react to Zillow’s announcement that listings violating the Clear Cooperation Policy (CCP) will no longer be allowed on its platform. They discuss how this move could impact private exclusives, delayed marketing strategies, and the role of major brokerages like Compass and eXp. They also explore how this policy could affect MLS governance and whether Zillow’s position signals a shift in industry power. Key Takeaways Zillow’s CCP Policy Enforcement – Listings that violate CCP by being publicly marketed before entering the MLS will be...
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Does Size Matter?
Industry Relations
In this episode of Industry Relations, Rob and Greg analyze the latest developments in the Clear Cooperation Policy (CCP) and its impact on brokerages, MLSs, and the industry at large. They also discuss how exclusive inventory strategies are reshaping competition, the DOJ’s scrutiny of MLS policies, and what these shifts could mean for agents and consumers moving forward. Key Takeaways • Clear Cooperation Policy (CCP) Developments – Updates on how MLSs and brokerages are adjusting to changes in CCP and what’s next. • Exclusive Inventory Strategies – How brokerages are...
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Clear as mud
Industry Relations
In this episode of Industry Relations, Rob and Greg break down the big news about the Clear Cooperation Policy (CCP) and what its potential changes could mean for the future of real estate. They discuss the DOJ’s ongoing investigation into NAR, the evolving landscape of MLS policies, and how major brokerages are responding. With key shifts on the horizon, they explore what these developments mean for agents, brokers, and the industry at large. Key Takeaways • Clear Cooperation Policy (CCP) Under Fire – What the latest updates mean for listing practices and market transparency. •...
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Has the fat lady sung on CCP?
Industry Relations
**This podcast was recorded the Friday BEFORE the announcement from NAR on CCP** In this episode of Industry Relations, Rob and Greg dissect the latest drama surrounding NAR’s Clear Cooperation Policy (CCP), the DOJ’s stance on MLS rules, and the future of PropTech in a shifting real estate landscape. They analyze how recent DOJ statements are being interpreted (or misinterpreted), debate whether the MLS still holds power over large brokerages, and discuss the potential consequences of a fragmented listing system. Key Takeaways • DOJ’s Footnote Controversy: Did the DOJ “call out”...
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Organized Real Estate's Head Spinning Week
Industry Relations
In this episode of Industry Relations, Rob and Greg break down three major real estate bombshells—the rumored Compass acquisition of Berkshire Hathaway HomeServices (BHHS), the Redfin-Rocket merger, and the potential shake-up of NAR’s Clear Cooperation Policy (CCP). They discuss whether Compass is actually in talks with BHHS or if this is just Wall Street speculation, how Redfin and Rocket could disrupt the brokerage model, and why NAR might be making CCP optional to dodge legal liability. Key Takeaways • Compass x BHHS Rumors: Wall Street Journal reported that Compass was...
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More questions than answers
Industry Relations
In this episode of Industry Relations, Rob and Greg tackle three major industry shake-ups: Gary Keller selling a stake in Keller Williams, REX losing its lawsuit against NAR and Zillow, and the launch of a new NAR alternative, AREA, by Mauricio Umansky and Jason Haber. They debate what these moves mean for the future of real estate, the ongoing battle over commission structures, and whether the DOJ’s real target is the MLS monopoly. If you’re looking for sharp analysis with a side of sarcasm, this episode delivers. Key Takeaways • Keller Williams Goes Private Equity: Gary...
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The Duel over Dual Agency
Industry Relations
In this episode of Industry Relations, Rob and Greg dive into the controversy surrounding dual agency, private networks, and the MLS’s role in protecting small brokers. They break down the industry’s long-standing acceptance of brokerage-level dual agency while questioning why teams are getting a pass. Plus, they debate whether Compass’s push to double-end deals is just standard brokerage strategy—or an attempt to reshape the industry. If you want unfiltered takes on where real estate is headed, this episode is for you. Key Takeaways • Is Brokerage Dual Agency Bad? Rob...
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Let Freedom Ring!
Industry Relations
In this episode of Industry Relations, Rob and Greg break down the latest in the ongoing battle over NAR’s three-way agreement and how Phoenix Realtors’ recent compromise with NAR might reshape the industry. They explore whether this is a true win for NAR or just the beginning of a major shift, debating the rise of the “Freedom Plan” and how it could spread across the country. With bold predictions, deep industry insights, and a fair amount of sarcasm, this episode is a must-listen for anyone keeping an eye on real estate governance. Key Takeaways • Phoenix Realtors’...
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Live from the Virtual MLS Summit its Rob and Greg!
Industry Relations
Overview In this special live episode of Industry Relations, Rob and Greg broadcast from the Virtual MLS Summit, where they tackle one of the biggest questions in real estate today: What does “cooperation” mean in a post-settlement world? They explore how the industry’s shift away from compensation impacts the role of MLSs, debate the long-standing relationship between brokerages and associations, and challenge whether MLSs should truly be considered “broker cooperatives.” This episode is packed with bold insights, historical context, and plenty of Rob vs. Greg fireworks. Key...
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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 confusion and potential loopholes that could benefit attorneys over consumers.
3. Future of Industry Regulation:
• Speculation on how political shifts might influence NAR’s regulatory environment and broker responsibilities.
• The potential for new, transparent compensation practices led by industry figures like James Dwiggins.
4. Ethics and Agent Behavior:
• Debate over real estate agent intentions, balancing consumer interests with profit motives, and the industry’s response to Monestier’s critiques.
Key Takeaways
• Election’s Influence on Real Estate: Election outcomes may bring regulatory changes, with possible implications for NAR and antitrust enforcement.
• Transparency and Trust in Agent Practices: Increased focus on clear buyer agreements and ethical practices to protect consumer trust.
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