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 post-election and key sessions he attended.

• Discussion about attendee sentiment, especially regarding political and economic concerns within the real estate industry.

3. MLS (Multiple Listing Service) & CCP Discussions:

• The episode dives deep into the complexities of MLS structures, with Greg suggesting a “domino effect” that could lead to significant industry shifts if CCP (Clear Cooperation Policy) and co-mingling rules were altered.

• Speculations on Zillow’s role in the MLS space, its motivations, and how upcoming changes might benefit or challenge existing MLS structures.

4. NAR’s Controversial Communication:

• The hosts criticize NAR’s handling of sensitive topics, including CCP discussions, arguing for more transparency and authenticity in its public communications.

5. MLS Independence and Potential Changes:

• Rob and Greg discuss the possibility and challenges of MLS organizations operating independently of NAR.

• Debate around whether separating from NAR could lead to more effective and regionally responsive MLS services.

6. Event Announcements:

• Promotion of the upcoming “MLS Reset Conference” in Arizona (January 2025), organized by Greg and colleagues, aimed at exploring the future of MLS and real estate industry evolution and the Clariety25 Conference in February.

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Operating Cash Flow for  REA Group (Australia) from Mike Deplete

How much does U.S. Department of Housing and Urban Development in the United States pay?

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This podcast is produced by Sunbound Studios

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 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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Production and editing services by:

Sunbound Studios

Overview:

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.

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Reach Out:

Jack Miller on LinkedIN

Download the Opportunity Report at theopportunityreport.com.

Connect with Rob and Greg: 

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This podcast is produced by Sunbound Studios

In the latest episode of Industry Relations, Rob and Greg venture into a thought-provoking discussion about disaster preparedness and self-reliance. While they typically focus on real estate, this episode broadens the scope, offering practical insights on how to be ready for unexpected emergencies like natural disasters or social unrest.

Rob, who has fully embraced the prepper lifestyle, breaks down the importance of planning for short-term disasters, emphasizing the need for essential supplies like water, food, and basic medical skills. Rather than “bugging out” or fleeing, he encourages listeners to “bug in” — stay at home and rely on their community to survive. He also highlights the critical role of knowing your neighbors, as they can become your greatest resource in a crisis.

This episode offers valuable advice on building self-sufficiency, from securing food and water to handling emergency situations and even touches on the significance of physical fitness during a crisis. Greg engages Rob with questions that bring out relatable and practical tips for urban and suburban listeners alike.

Whether you’re curious about survival strategies or just want to hear some down-to-earth insights on real-world preparedness, this episode is packed with useful takeaways.

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LifeStraw - Personal Water Filter for Hiking

Children and teens are more liking to die from guns than anything else.

Stop The Bleed

Spam - Pack of 12

Surviveware First Aid Kit

Israeli Battle Dressing Compression Bandage

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It seems everyone in the industry is still obsessed with CCP.  Rob and Greg are no different.  The show starts off with Rob giving Greg some advice on his upcoming client meetings, but quickly shifts to the recent back and forth about CCP.  Greg thinks that industry players like Compass CEO Robert Reffkin to stop spreading misinformation about MLS.  Rob says there is blame on both sides.  Things get interesting from there.

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Many people don't know or understand NAR's PDAP.  PDAP stands for Participant Data Access Policy.  And PDAP is at the heart of today's episode.

Rob and Greg dive deep into the topic of who actually owns MLS data. The answer, as it turns out, really depends on who you ask. But we’re living in a new world where private MLS ownership is becoming a reality, and also what are those second order consquences?  Greg also catches up with Rob about Rob's meetings with brokers and their opinions on MLS data ownership—spoiler alert: they think they do. It’s a thought-provoking discussion that may raise more questions than answers.

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Section 18. Right of Participant to MLS Data Feed of Listing Content (Policy Statement

8.3)

Rob's latest Substack :  Why the Data Ownership Thing Worries Me

South Park Human Centipede Episode

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After missing a recording last week (due to travel schedules) the boys are back with another jammed pack episode of Industry Relations.  In this week’s episode Rob and Greg discuss recent Blueprint conference in Las Vegas, CMLS 2024 in Seattle and REColorado new subscriber agreement.  And they sprinkle a little CCP talking points just for good measure.

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Pictures of Greg’s sister, Pilar, winning her own award

Pictures of Greg presenting at CMLS 2024

HousingWire post on REColorado acquisition

Greg’s take on Rob Reffkin’s CMLS 2024 interview

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On this episode of Industry Relations Rob and Greg discuss, for what seems to be the 17th time, the current rumors about the Clear Cooperation Policy. Rob recently posted a few thoughts on the subject and a few solutions to what seems to have the entire industry tied up in knots.  What they soon realize, there are no easy answers.

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Rob and Greg are back to their regularly scheduled broadcast!  The episode includes discussion on Landian, the new “a la carte” brokerage launched by Josh Sitzer, yes, that Sitzer.  Rob discusses his recent Sub Stack post on “Amara’s Law and Real Estate” and how we shouldn’t read too much in to how things are going with the NAR settlement.  The boys also discuss online dating, new business models, capitalism and agent count.  But somehow they bring it all together. 

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Greg joins Rob from Chicago where he was attending NAR's iOi Summit.  Greg gives his experience of being at the iOi Summit and discusses the pitch battle and his favorite new app, Tuesday, and its founder Cole Boyer who won "Crowd Favorite".

They go on to discuss NAR's decision to appoint Nykia Wright as their new CEO and if experience in organized real estate or connections in Washington D.C. really matter.  As you can imgaine Greg and Rob have different opinions.

They finish with discussing the ongoing rumors of the fate of Clear Cooperation Policy (CCP), a.k.a. "The Ocho".  It's a fun one!

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Rob and Greg teamed up with James Dwiggins and Keith Robinson from the Real Estate Insiders Unfiltered podcast during the recent Inman Connect Las Vegas event. From the complexities of forms and commission sharing, to the pros and cons of state association forms, the guys got into it.

They explored the potential for conspiracy charges in a post-settlement world and discussed the unintended consequences of recent MLS changes.

They also tackled determining property value without compensation data, the future of buyer agent compensation models, and how portals are shaping the market. Sharing valuable insights on agent responsiveness and the evolving landscape of mega teams and super agents.

Plus, how AI is transforming the search experience and the persistent challenge of housing affordability.

Follow Real Estate Insiders Unfiltered Podcast on Instagram - YouTube - Facebook - LinkedIn - TikTok. Visit us online at realestateinsidersunfiltered.com.

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This podcast is produced by Two Brothers Creative 2024.