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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 Wrightâs 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 Wrightâs first year as CEO of NAR.
⢠Membership Retention: Insights into how NAR has managed to retain members despite controversies and lawsuits.
⢠Strategic Decisions: Examining the impact of the $2 billion broker clubâs fallout and the decisions leading up to it.
⢠Action vs. Inaction: Rob and Greg debate what constitutes effective leadership and the significance of visible actions vs. behind-the-scenes work.
⢠Surveys & Communication: The role of member surveys and communication in understanding and addressing organizational challenges.
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Production and Editing Services by Sunbound Studios
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Greg just landed back home from NAR Boston and Rob is curious to what insights he learned. Gregâs main insight is that he isnât 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 âdomino effectâ that could lead to significant industry shifts if CCP (Clear Cooperation Policy) and co-mingling rules were altered.
⢠Speculations on Zillowâs role in the MLS space, its motivations, and how upcoming changes might benefit or challenge existing MLS structures.
4. NARâs Controversial Communication:
⢠The hosts criticize NARâs 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 âMLS Reset Conferenceâ 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?
Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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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 Monestierâs 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 NARâs 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 industryâs response to Monestierâs critiques.
Key Takeaways
⢠Electionâs 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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Our Sponsors
CoreLogic
Notorious VIP
The Giant Steps Job Board
Production and editing services by:
Sunbound Studios
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Overview:
Rob and Greg talk with Jack Miller, CEO of T360, about the recently released âOpportunity Reportâ 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:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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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 âbugging outâ or fleeing, he encourages listeners to âbug inâ â 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 youâre 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
Connect with Rob and Greg:
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Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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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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Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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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 weâre 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 ownershipâspoiler alert: they think they do. Itâs 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
Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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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 weekâs 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 Gregâs sister, Pilar, winning her own award
Pictures of Greg presenting at CMLS 2024
HousingWire post on REColorado acquisition
Gregâs take on Rob Reffkinâs CMLS 2024 interview
Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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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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Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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Rob and Greg are back to their regularly scheduled broadcast! The episode includes discussion on Landian, the new âa la carteâ brokerage launched by Josh Sitzer, yes, that Sitzer. Rob discusses his recent Sub Stack post on âAmaraâs Law and Real Estateâ and how we shouldnât 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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Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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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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Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
The Giant Steps Job Board
This podcast is produced by Sunbound Studios
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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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Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
Notorious VIP
This podcast is produced by Two Brothers Creative 2024.
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Are you up to date on the recent changes in MLS rules and buyer agency agreements? In this episode, Rob and Greg dive into the controversy surrounding these updates and discuss the ethical implications for agents. From forgery to enforcement, confusion to challenges, this conversation covers a lot of ground. They shed light on the need for a substantive approach to reform in the real estate industry, while addressing the loss of trust between practitioners and those making the rules. With potential compression of commissions and uncertainty about the future of the industry, transparency and strong leadership are more important than ever. Don't miss this insightful discussion on ethics and transparency in communication within the real estate world.
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Follow this link to subscribe to Industry Relations YouTube page
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Connect with Rob and Greg:
Robâs Website
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Our Sponsors:
CoreLogic
Notorious VIP
This podcast is produced by Two Brothers Creative 2024.
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Are you a real estate broker or agent grappling with the NAR settlement's requirement for written buyer agreements before showings? Rob and Greg dive deep into the controversy, debating the pros and cons of charging clients and exploring the potential consequences of non-compliance. They also discuss the evolving role of listing agents, the ethical dilemmas of dual agency, and the challenges of enforcing the new rules.
Link to Melissa from Twitter
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Find, buy and protect the homes you love with CoreLogic.
Follow this link to subscribe to Industry Relations YouTube page
Listen to the podcast on Apple
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Connect with Rob and Greg:
Robâs Website
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Our Sponsors:
CoreLogic
Notorious VIP
This podcast is produced by Two Brothers Creative 2024.
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The August 17th deadline is almost here, and the industry is abuzz with talk of potential changes to MLSs and associations. Rob and Greg discuss the latest developments in the NAR settlement with the DOJ and its potential impact on compensation models, forms, and client relationships. With disruption looming, they delve into the hot topic of buyer agent commissions and agreements, as well as how to continue demonstrating value to clients in this ever-changing landscape.
Listen to the Industry Relations Podcast, available on all podcast platforms!
Find, buy and protect the homes you love with CoreLogic.
Follow this link to subscribe to Industry Relations YouTube page
Listen to the podcast on Apple
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Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
This podcast is produced by Two Brothers Creative 2024.
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What happens when industry news is quiet? Industry soup. In this episode, Rob and Greg discuss various topics with an effort to draw parallels to real estate. From their weight loss strategies and detailed plan for a 60-day weight loss regimen to Tesla cars and the emotional connection people have with their vehicles. This conversation covers a lot.
Touching on simplicity in design and analog experiences in a tech-driven world. Rob and Greg explore the potential future of technology and the importance of human interaction in both real estate and tech companies.
Listen to the Industry Relations Podcast, available on all podcast platforms!
Find, buy and protect the homes you love with CoreLogic.
Follow this link to subscribe to Industry Relations YouTube page
Listen to the podcast on Apple
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Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
This podcast is produced by Two Brothers Creative 2024.
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Are real estate forms truly consumer-friendly or are they just industry-driven? In this episode, Doug Miller and Wendy Gilch, Directors of CAARE (Consumer Advocates in American Real Estate), expose what they believe are the flaws in the current buyer agency agreements. From undisclosed dual agency to lack of cancellation clauses, these forms often prioritize the interests of industry competitors over consumers.
Rob, Greg, Doug and Wendy explore potential solutions such as creating consumer-friendly templates and implementing amendments. They dive into the complexities of fiduciary responsibility and touch on hot-button topics like compensation and collusion.
Plus, they address the importance of clear disclosure in real estate transactions, education for consumers, and informed consent. Don't miss this crucial conversation also covering NAR settlement, state forms vs eXp's form, unauthorized practice of law, referral fees, and negotiation tactics.
Learn more about CAARE at caare.org.
Connect with Doug Miller on - LinkedIn.
Connect with Wendy on - LinkedIn.Listen to the Industry Relations Podcast, available on all podcast platforms!
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Connect with Rob and Greg:
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Our Sponsors:
CoreLogic
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This podcast is produced by Two Brothers Creative 2024.
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The recent acquisition of REcolorado by private equity firm GI Partners has sent shockwaves through the real estate industry. In this episode, Rob and Greg discuss the history of MLS privatization and the tensions between associations and MLSs. They shine a light on the lack of member control and power dynamics within the industry, exposing important truths about data ownership.
This is a red pill moment for brokers and agents as they realize the potential risks and benefits of private equity ownership of MLSs. The duo also discuss the trend of decoupling and its potential impact on the MLS and realtor associations. Are realtor associations truly serving brokers and agents in their local communities? Is it time for them to consider their value proposition and even potentially sell off their MLS?
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Follow this link to subscribe to Industry Relations YouTube page
Listen to the podcast on Apple
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Connect with Rob and Greg:
Robâs Website
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Our Sponsors:
CoreLogic
Notorious VIP
This podcast is produced by Two Brothers Creative 2024.
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Are you confused about the new MLS policy on commission disclosures and concessions? In this thought-provoking discussion, Rob and Greg dive into the challenges and potential solutions for agents and brokers. Learn about the ethical considerations involved in disclosing commissions to clients and renegotiating buyer agency agreements.
Plus, gain insights into the role of MLS in regulating concessions and why further education is crucial. Don't miss out on this must-watch conversation that seeks to shed light on a controversial topic.
Share your thoughts and join the conversation by leaving a comment! And let us know if you would like to see future episodes in a live stream format. #MLSpolicy #commissiondisclosures #concessions #ethicsinrealestate #education #livestream
Listen to the Industry Relations Podcast, available on all podcast platforms!
Find, buy and protect the homes you love with CoreLogic.
Follow this link to subscribe to Industry Relations YouTube page
Listen to the podcast on Apple
Listen to the podcast on Spotify
Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
This podcast is produced by Two Brothers Creative 2024.
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Are you struggling to understand the NAR settlement agreement and its implications for real estate transactions? Joining us in this thought-provoking episode is Ed Zorn, VP & General Counsel for CRMLS. Rob, Greg, and Ed talk about the disconnect between NAR's understanding and other lawyers' interpretations, and what it means for brokers and agents. They dive into topics such as the risk of coordinated action, liability concerns, and the role of MLSs in enforcing rules.
They also discuss the concessions field in MLS listings and its potential impact on real estate transactions. This episode is packed with valuable insights on how to avoid potential pitfalls and stay compliant in this ever-changing landscape.
Listen to the Industry Relations Podcast, available on all podcast platforms!
Find, buy and protect the homes you love with CoreLogic.
Follow this link to subscribe to Industry Relations YouTube page
Listen to the podcast on Apple
Listen to the podcast on Spotify
Connect with Rob and Greg:
Robâs Website
Gregâs Website
Our Sponsors:
CoreLogic
Notorious VIP
This podcast is produced by Two Brothers Creative 2024.
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