Rob and Greg recap the NAR conference, share funny moments, and discuss the lack of contingency plans in the industry. They analyze copycat lawsuits and potential consequences, as well as the impact of a settlement decision made by NAR. The hosts use zombies as a metaphor for industry challenges and emphasize the need for preparation. They reflect on recent events, express uncertainty about the future, and extend well-wishes to the listeners.
Lack of trust among conference attendees towards NAR due to legal issues and its impact on protecting their interests
Potential negative consequences for the real estate industry as a whole, including increased negative media coverage and the need for proactive communication and PR efforts
Deep dives
NAR Annual Conference Recap
The podcast episode starts with a recap of the NAR annual conference. The hosts discuss their experiences at the conference, including funny anecdotes and interactions with industry professionals. They mention some empty booths at the trade show and a general sense of unease among vendors and MLSs due to market conditions and uncertainty surrounding the industry. The hosts also touch on the legal issues faced by NAR and the impact it has on the attendees' mood and level of confidence in NAR's handling of the situation.
Lack of Trust in NAR
The hosts express their perception that there is a lack of general trust among the conference attendees towards NAR, especially after hearing NAR's confidence in winning the legal battle against the websites that have brought lawsuits against them. They discuss how this lack of trust affects the overall atmosphere and the attendees' expectations of NAR's ability to protect their interests.
Concerns Over Negative Media Coverage and Consumer Perception
The hosts highlight the potential negative consequences of the ongoing legal battle for the real estate industry as a whole. They mention the possibility of increased negative media coverage and how this could influence consumers' perception of the industry. They also stress the importance of proactive communication and PR efforts to address these issues.
Impact on Associations, MLSs, and Industry Vendors
The hosts discuss the far-reaching implications of the ongoing legal battle, extending beyond NAR itself. They mention the potential impact on associations, MLSs, and industry vendors, including the practical concerns and challenges they may face. They emphasize the need for strategic planning and preparation to navigate the evolving landscape and protect the interests of these entities.
Join Rob and Greg on this episode of Industry Relations, as they recap the NAR NXT annual conference and explore some critical issues. Greg shares what NAR NXT's atmosphere was like, and find out why Rob is worried about independent press commenting on NAR.
Also, discover the reasoning behind Rob and Greg’s beliefs that the real estate industry is way past prepping and the zombies are breaching the wall!
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