Overview
In this special live episode of Industry Relations, Rob and Greg broadcast from the Virtual MLS Summit, where they tackle one of the biggest questions in real estate today: What does "cooperation" mean in a post-settlement world? They explore how the industry's shift away from compensation impacts the role of MLSs, debate the long-standing relationship between brokerages and associations, and challenge whether MLSs should truly be considered "broker cooperatives." This episode is packed with bold insights, historical context, and plenty of Rob vs. Greg fireworks.
Key Takeaways
• The Evolution of Cooperation: With compensation no longer tied to MLS participation, what does cooperation actually mean now?
• MLS Governance and Broker Control: If MLSs are broker cooperatives, why are associations still making the rules?
• The Fiduciary Duty Dilemma: Can cooperation exist when agents owe full fiduciary duties to their clients?
• The Government's Potential Role: If the industry doesn't self-regulate effectively, will federal regulators step in and take over?
• Lessons from Global Real Estate: Why other countries envy the U.S. MLS system—and what we risk losing if we dismantle it.
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