

Live from the Virtual MLS Summit its Rob and Greg!
6 snips Feb 19, 2025
This live discussion tackles the evolving meaning of cooperation in real estate, especially as compensation models shift. The hosts debate whether MLSs should remain broker cooperatives or if associations hold too much power. They delve into the complexities of fiduciary duties and trust, emphasizing the importance of transparency. Moreover, global perspectives reveal why other countries admire the U.S. MLS system, raising concerns about potential losses if major changes occur. Prepare for some heated exchanges between the hosts!
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Cooperation's Evolution
- The principle of cooperation in real estate has evolved.
- Historically, it meant sub-agency, where buyer's agents represented the seller.
Cooperation vs. Fiduciary Duty
- True cooperation may conflict with fiduciary duty.
- An agent's primary responsibility is their client's best interest, not collaboration.
International Envy
- At international real estate conferences, other countries express envy for the U.S. MLS system.
- They question why the U.S. would dismantle a system they admire.