Industry Relations
2024 ORE Year End Recap
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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Quick takeaways
- 2024 marked a significant transformation in real estate, highlighted by the industry settlement and its implications for structural changes and evolution towards Real Estate 3.0.
- The decline of NAR's influence amid scandals and lawsuits has prompted industry reevaluation, igniting discussions about the future roles of associations and MLS dynamics.
Deep dives
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