Industry Relations Back to the future with Sub Agency?
Aug 27, 2025
Rob and Greg explore Andrea's new role at Real Estate News, aiming for enhanced investigative journalism. They dive into Anne Marie’s push for MLS independence amid rising realtor commissions, sparking debates on ownership structures. A lawsuit against NAR challenges the enforcement of buyer representation agreements, highlighting weak compliance. Rob argues for a return to sub-agency to tackle steering issues and simplify compensation, while questioning the historical reasons for its abandonment. Overall, the discussion paves the way for potential regulatory changes in the real estate landscape.
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Andrea’s Move And Desire For Deep Reporting
- Andrea moved from Inman to RealEstateNews, and hosts hope she'll do deeper investigative reporting there.
- Rob and Greg recall her strength at exposés and want editors to "let her cook."
MLS Independence Raises Ownership Questions
- Anne-Marie's push for MLS independence revives the long-running MLS vs association ownership debate.
- Rob stresses that true separation requires clarity on who owns the MLS and its governance.
Commissions Rising Suggest Steering Persists
- Realtor commissions have risen despite reforms intended to lower costs.
- Rob warns that higher commissions may indicate continued steering rather than market-captured value.