Industry Relations 2024 ORE Year End Recap
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Dec 25, 2024 2024 has been labeled 'The Year of the Settlement,' showcasing monumental shifts in real estate. High-interest rates and dwindling inventory continue to challenge market morale. The decline of the NAR is causing a reevaluation of its role, while Compass's acquisition strategies raise eyebrows. Amid controversies, the Clear Cooperation Policy's evolving debate highlights future implications for MLSs. The hosts speculate on the upcoming changes that could lead to Real Estate 4.0, indicating a profound transformation in the industry ahead.
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Playdate App Idea
- Rob Hahn pitched a dating app idea called "Playdate" for parents.
- Parents would create profiles for their children and swipe on other parent-child profiles.
2024: The Year of the Settlement
- The hosts review 2024, calling it "The Year of the Settlement."
- They discuss its impact on real estate, including high interest rates and NAR's declining influence.
Real Estate 3.0
- Rob Hahn believes 2024 marks a pivotal moment in real estate history, similar to NAR's creation in 1907.
- He suggests that 2024 is the start of "Real Estate 3.0", a new era defined by changing industry dynamics.