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.
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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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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.
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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.
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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.
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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.
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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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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
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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.
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You may have heard the recent statements made by Michael Ketchmark regarding the NAR settlement, but do you really understand the implications for offers of compensation?In this episode, Rob and Greg discuss the recent statements made by Michael Ketchmark regarding the NAR settlement. They analyze the settlement agreement and try to understand the implications for offers of compensation. They explore different interpretations of the agreement and the potential legal actions that could be taken.
They also address the introduction of concession fields in MLS listings and the possibility of offering compensation off the MLS. Don't miss out on this important conversation that highlights the need for clarity and communication from NAR to its members.
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Have you been keeping up with the latest updates in MLS policies? Rob and Greg break down the key details of Bright MLS's clear cooperation policy and NWMLS's decision not to remove compensation data from their system. But it doesn't stop there. They also dive into the potential legal consequences for fair housing violations and federal antitrust claims.
They also touch on the Department of Justice's involvement, implications for the industry, and potential risks for Northwest MLS and other players in the market.
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Are the rumors true? Is Bright MLS really going to drop the Clear Cooperation Policy (CCP)? Rob and Greg explore the potential implications of this decision, and speculate on the motivations behind it and its potential impact on NAR's authority over MLSs. They also talk about the importance of fair housing and transparency in listings, and how this decision could affect competition within the MLS industry. #BrightMLS #ClearCooperationPolicy #CCP #NAR #FairHousing #Transparency #Listings #Competition #Product #MandatoryRule
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Who is winning the portal wars? In this episode Rob and Greg talk about the future of the MLS and debate which company they would bet their life savings on – Zillow, REALTOR.com, or Homes.com. Providing insights into these key players of the industry. They also tackle updates on the NAR settlement and how new technologies are shaping the industry.
Plus, don't miss their discussion on the influx of new agents in the industry and its effects on professionalism. From separating bad unethical agents from trusted ones to the importance of prioritizing clients' best interests.
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What is the difference between the threat of steering in an illegitimate way and being transparent and informing your client? In this episode, Rob and Greg discuss the difference between steering and fiduciary duty in real estate and other various topics including Greg's recent trip to Boston, Redfin's settlement with NAR, the enforcement of buyer showing agreements, and the potential actions of the DOJ. They also touch on the proposal for making housing affordable and the MLS execs walking out of a meeting. Highlighting the challenges and implications of these issues for the real estate industry.
The need for clear communication and the careful choice of words to avoid crossing ethical boundaries. Rob and Greg suggest that training, scripts, and forms could help agents navigate this fine line.
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With buyer agreements having to take place before a showing and Zillow’s new touring agreement what will the end consumer experience be? In this episode, Rob and Greg discuss updates on the NAR settlement and Zillow's new touring agreement. They explore the implications of the settlement for big brokers and the role of the MLS policy committee. They break down Zillow's touring agreement and the industry's reaction to it, highlighting the friction it creates in the seamless consumer experience. This friction resulted in a heated debate between the two, but agreed on the importance of professionalism and value in the industry.
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HomeServices of America has reached a settlement in the slew of commission lawsuits. Now that a huge domino has fallen, what will happen next in the industry? Rob and Greg discuss the next steps in the commission lawsuits and the potential challenges faced by copycat lawsuits. They also discuss the role of lawyers and the potential opt-out strategy for larger builders. And how fair are these settlements and will it potentially impact recruiting and retention efforts?
They discuss other major players like Compass, Keller Williams, and EXP, bringing to light the dynamic changes in the landscape, the controversy surrounding CoStar and Realtor.com, the future of Redfin, and discuss the upcoming NAR mid-year meetings.
This episode is packed with industry insights.
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How will CoStar’s recent buyout of Matterport affect the industry? In this episode Rob and Greg dive into the recent acquisition of Matterport by CoStar and how Rob and Greg predicted this years ago. How will Zillow respond? And how will other industry giants such as Redfin be affected by this huge announcement?
They also talk about Realtor.com's CEO, Damian Eales, and his plans to expand the portal's offerings. But beyond the competition between these portals lies an important conversation about raising the bar in the industry and eliminating low-quality agents for the betterment of consumers.
And what’s the next battleground in real estate? Buyer rep agreements will be crucial to differentiate between the showdown with good agents and bad agents.
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Join Rob and Greg in this episode as they talk about the recent objection filed by Pulte Homes to the NAR settlements. Are they valid and will they make an impact? Also, what is Real Estate 3.0? Greg expands on what it means and how it will shift the roles of agents. Rob shares his insights from a recent panel he attended and what the potential for state regulators intervening in commission decoupling could mean for the industry. They also take a bit of a Q & A during this special livestream episode. #NARsettlement #RealEstate3.0
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Not one week goes by without some huge industry news surrounding NAR. In this episode, Rob ang Greg discuss the D.C. Circuit Court of Appeals' reversal in the NAR vs. US lawsuit, paving way for a new probe in the wake of the pending commission lawsuit settlement. Rob and Greg explore the antitrust lawsuit's history, implications of the reversal, and how it aligns with their predictions for the industry and future of NAR.
Greg talks about the NAR-DOJ agreement and potential political impacts, while Rob focuses on the long-term effects. The dynamic duo stress on focusing on industry practices, legal settlements, and progress.
Rob and Greg also debate the CMLS and NWMLS amicus briefs on MLS practices, while illustrating the timing and what the industry is signaling. This episode is jam packed with industry insights.
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Did you catch the sparks fly on the last episode of Industry Relations? In case you missed it, last week Rob and Greg got into a verbal fistfight. Made up. Became friends again. And are now ready for round 2.
Rob and Greg continue their NAR settlement talk, post verbal tussle. Exploring NAR's $418 million settlement, they talk about the association's PR challenges, trust issues, and internal rifts. Questioning leadership and missed PR opportunities, they call for urgent reform.
Facing a crucial crossroads, the industry risks becoming a societal scapegoat. Rob and Greg urge immediate action to rebuild trust, improve communication, and navigate public scrutiny. Highlighting the role of leadership in these turbulent times, stressing the need for effective communication.
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What will the recent NAR settlement mean for the future of real estate, technology, and industry navigation? In this episode of Industry Relations, Rob and Greg discuss the outcomes of the recent NAR settlement. They provide insights on the agreement, exploring their reactions and perspectives on the settlement's details. From provisions to backlash, they discuss public perception, legal frameworks, and implications for agents, brokers, and the market. During the discussion, Rob and Greg also disagree with one another at times, and fight like a married couple. After this episode discussing the NAR lawsuit, yet again, should the guys take a break and do a movie review of Dune 2? Grab your sandworm buckets and tune in!
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What impact will the Department of Justice's stance on the MLS settlement have on the future of buying and selling houses? In this important episode of "Industry Relations," Rob and Greg talk about a big message from the Department of Justice (DOJ) about the MLS settlement. The DOJ seems to want the court to say no to the settlement. Selling agents might not make as much money as before, and buyers agents might need to show why they're worth their commission more than ever. It's time to start thinking about how we can prepare for change and innovate new approaches in serving buyers and seller.
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ultimate cost warrant the spotlight?
On this episode of Industry Relations, Rob and Greg discuss Homes.com's momentous marketing push running an ad during the most watched event in America – the Super Bowl. And its potential ripple effects on industry giants like Zillow.
Rob and Greg also revisit the real estate industry's current legal battles. The buzz around the Keller Williams settlement and with consolidation on the horizon, how will ongoing lawsuits reshape the future landscape for real estate professionals?
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How will the FCC’s new rules on lead aggregators affect real estate professionals? On this episode of Industry Relations, Rob and Greg talk to Matthew Marx of Evocalize about how to stay compliant while still effectively marketing themselves. One of the biggest changes is that lead aggregators will now be required to obtain consent from consumers before obtaining their personal information. So what do real estate professionals who use lead aggregators need to do? Tune in to find out!
Follow this link for Matt’s Evocalize FCC TCPA Advisor Chat Bot.
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Is the real estate industry ready for an alternative to NAR? On this episode of Industry Relations, Rob and Greg talk about the American Real Estate Association, also known as AREA, being positioned as a potential replacement for NAR. As it appears no crisis goes to waste, real estate agents across the country are bracing themselves for what could be the ultimate showdown. It’s the potential battle of the acronyms: NAR versus AREA, NLS versus PLS, and so many more. What lessons can we learn from NAR’s recent struggles, and what do these new organizations mean for the industry? Don’t miss this episode!
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