Industry Relations Organized Real Estate's Head Spinning Week
7 snips
Mar 19, 2025 Major real estate news shakes the industry this week. Rumors fly about Compass potentially acquiring Berkshire Hathaway HomeServices, though the BHHS CEO strongly denies it. Meanwhile, the merger between Redfin and Rocket is set to disrupt the brokerage landscape, pushing them closer to competing with Zillow. The National Association of Realtors' proposal to make Clear Cooperation Policies optional raises concerns about legal liabilities and MLS compliance. Could these changes signal a larger shift in traditional brokerages?
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Ketchmark's CCP Opposition
- Ketchmark's focus on opposing Clear Cooperation Policy (CCP) is puzzling.
- His threat of depositions lacks legal basis without an actual case.
Optional CCP and Liability
- NAR making CCP optional misunderstands the Ninth Circuit decision.
- Individual MLSs adopting it could still face lawsuits, shifting liability.
NAR's Race to Irrelevance
- Making CCP optional diminishes NAR's authority over MLSs.
- It raises questions about the incentive for MLSs to follow NAR's other rules.