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 from scandals and lawsuits has shifted perceptions of NAR as an industry powerhouse.
• Housing Market Woes: High-interest rates and inventory challenges persist, affecting transactions and industry morale.
• The CCP Debate: Controversy surrounding Clear Cooperation Policy continues to evolve, with implications for the future of MLSs.
• Compass’s Moves: The acquisition of @properties and its strategy around private exclusives sparks debate.
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