Industry Relations

Bravery and Impact of the MLS Stance

Jun 5, 2024

The podcast discusses the courageous stances of Bright MLS and Northwest MLS on policies, potential legal consequences for fair housing violations, and federal antitrust claims. They touch on the Department of Justice's involvement, implications for the industry, and risks for Northwest MLS and others in the market.

39:44

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Quick takeaways

Bright MLS aims to enhance transparency by removing listing entry requirements and adjusting coming soon listings.

Northwest MLS demonstrates courage in adapting to industry changes while facing potential legal risks and regulatory scrutiny.

Deep dives

Bright MLS Changes and CoreLogic Sponsorship

Bright MLS has implemented changes including removing the 21-day limit on coming soon listings and clarifying requirements for listing entry. These adjustments aim to enhance transparency and streamline the listing process. Additionally, CoreLogic's sponsorship provides real estate agents with tools like MLS Touch and RealList to aid in property analysis and lead generation.

Intro

2min

Interactions with Sponsors and Merchandise Ideas

2min

Updates on Bright MLS Policies and Impact on Industry Dynamics

14min

Challenging MLS Policies: Bravery and Risks

14min

Exploring Decision Making and DOJ Strategy

2min

Discussion on MLS Compensation and Department of Justice's Potential Strategy

2min

Impact of Rule Change in Real Estate Politics

4min

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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This podcast is produced by Two Brothers Creative 2024.