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When Fine Print Hits the Fan

Industry Relations

Release Date: 10/22/2025

2025 in the Rearview: Who Got It Right? show art 2025 in the Rearview: Who Got It Right?

Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob Hahn and Greg Robertson close out the year by revisiting their 2024 predictions and grading how they actually turned out. From transaction volume and mortgage rates to MLS power shifts, NAR’s role, Zillow’s influence, and major industry moments, the episode becomes a candid year-in-review on what really changed—and what didn’t—in real estate. Key Takeaways Greg outperformed Rob on most economic predictions, including transaction volume, mortgage rates, and median home prices.  The stock...

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Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob Hahn and Greg Robertson dig into the escalating conflict between Zillow and MRED over private listing networks (PLNs), IDX rules, and Zillow’s Listing Access Standards (ZLAS). What starts as a dispute over listing visibility quickly becomes a deeper conversation about power: who ultimately controls listing data—the MLS or the portal? The episode explores MRED’s emails to brokers, Zillow’s outreach for direct feeds, potential January disruptions, and why this fight could set a precedent for...

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Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview In this episode, Rob and Greg dive into the recurring issue of embezzlement and financial mismanagement within small Realtor associations. Using recent cases as a jumping-off point, they debate what “transparency” should actually look like in a member-driven nonprofit, whether associations should provide full access to financial records, and what safeguards could reasonably prevent future financial failures. The discussion gets spirited as they explore audits, member oversight, governance culture, and...

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Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg break down the newest developments in NAR governance, the fallout from the failed referral-fee disclosure vote, and the rapid moves by industry players like eXp and CAR to implement their own transparency standards. They also examine broader structural questions: Should MLSs raise the bar? Is the NAR brand salvageable? The conversation then turns to Zillow’s decision to remove climate-risk scores, shifting public sentiment, and the growing political and economic pressures facing housing,...

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Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview In this episode, Rob and Greg dive into the newly surfaced Zillow–Compass court documents, a leaked Zillow strategy plan, and Mike DelPrete’s analysis of the preliminary injunction hearing. They also discuss the broader market context—from the real cost of living in 2025 to generational tension—and debate whether the lawsuit will meaningfully change industry behavior. The conversation closes with predictions, stakes, and possible compromise paths between Compass and Zillow. Key Takeaways A...

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Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg break down what happened at NAR NXT in Houston — from the empty expo floor to major MLS–Association policy changes. Greg shares on-the-ground insights from meetings, parties, and conversations with MLS leaders, while Rob analyzes the strategic implications of NAR’s 18-point PAG recommendations and what he calls the “emancipation” of MLSs. They also discuss winners and losers of the policy shifts, potential impacts on associations, vendors, portals, and brokers, and tee up a future...

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Industry Relations

The Listing Bits Podcast is now available on your favorite podcast player! Overview Rob and Greg dig into expectations for the NAR Annual Conference, MLS attendance patterns, and broader industry sentiment heading into 2025. They cover speculation around possible committee decisions, how the settlement fallout is (or isn’t) impacting MLS membership and commissions, and the overall vibe leading into the event. The conversation then shifts to affordability, mortgage rates, and the recent proposal of a 50-year mortgage. They close with discussion of a new Zillow/RESPA-related lawsuit,...

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Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg discuss Zillow’s recent privacy policy changes to Follow Up Boss and the growing debate around data use and agent trust. They examine how Zillow’s communication strategy has affected its reputation, drawing comparisons to past acquisitions like dotloop and ShowingTime. The conversation explores whether this move signals a broader industry shift in how tech companies handle customer data, AI integration, and transparency with agents. Key Takeaways Zillow’s new Follow Up Boss privacy...

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Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg dive into Sean Frank’s Inman article, “NAR and the Real Estate Industry’s Relevance Problem.” They discuss how outdated MLS technology and excessive bureaucracy are stifling innovation in real estate. From permissioning delays to governance breakdowns, the hosts explore why MLS systems feel stuck in “Windows 95 mode” and debate how consolidation or standardization could spark change. Key Takeaways MLS permissioning and governance are major obstacles to innovation. Outdated...

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When Fine Print Hits the Fan show art When Fine Print Hits the Fan

Industry Relations

The Industry Relations Podcast is now available on your favorite podcast player! Overview In this episode, Rob and Greg dive into the controversy surrounding CRMLS’s End User License Agreement (EULA) and the debate over MLS data ownership. The discussion begins with updates in the MLS world that brought attention to how CRMLS’s EULA—originally updated for two-factor authentication—resurfaced older language asserting MLS ownership of listing data. Rob argues that this fundamental change to broker data rights was poorly communicated, while Greg defends CRMLS, emphasizing the operational...

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More Episodes

The Industry Relations Podcast is now available on your favorite podcast player!

Overview

In this episode, Rob and Greg dive into the controversy surrounding CRMLS’s End User License Agreement (EULA) and the debate over MLS data ownership. The discussion begins with updates in the MLS world that brought attention to how CRMLS’s EULA—originally updated for two-factor authentication—resurfaced older language asserting MLS ownership of listing data. Rob argues that this fundamental change to broker data rights was poorly communicated, while Greg defends CRMLS, emphasizing the operational benefits and the long-standing nature of the clause. The two debate whether brokers were properly informed, what this means for data copyright, and if MLSs should have done more outreach when the change occurred.

Key Takeaways

  • Origin of the Issue: CRMLS’s update around two-factor authentication drew attention to older language asserting MLS ownership of listing data.

  • Miscommunication Fallout: Many brokers—and even industry insiders—were unaware of this language, leading to confusion and criticism.

  • Refkin’s Role: Compass CEO Robert Reffkin’s public posts sparked renewed scrutiny, prompting industrywide debate about transparency and data rights.

  • Ownership vs. Protection: Rob questions whether MLSs need to claim ownership to protect data; Greg argues it benefits brokers by organizing and monetizing data more effectively.

  • Governance Concerns: Rob challenges whether MLS boards can alter members’ property rights without broader consent; Greg notes such changes are vetted by directors and attorneys.

  • Communication Failure: Both agree MLSs must improve how they notify and educate brokers about major policy shifts.

  • Potential Next Steps: Rob suggests bringing CRMLS’s Ed Zorn and an affected broker on a future episode to clarify the rationale and implications.

Links

Inman Article

The Education of Mr. Reffkin

The MLS Is Taking a Fateful Step: Who Owns the Listing?

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Rob’s Website 

Greg’s Website 

 

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