Industry Relations

Organized Real Estate's Head Spinning Week

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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Quick takeaways

The podcast explores the implications of Compass potentially acquiring BHHS, highlighting uncertainties amidst strong denials and Wall Street speculation.

Rob and Greg discuss how Redfin and Rocket's merger could disrupt traditional brokerage models, leveraging Respa exemptions for competitive advantage.

Deep dives

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Intro

2min

Navigating Sponsorships and Community Events

3min

Examining the Limits of Legal Depositions

3min

Navigating MLS Policies and Legal Risks

9min

Inside MLS Dynamics and NAR Influence

8min

Disruption in Real Estate Brokerage

22min

Speculation and Denials in Real Estate

6min

In this episode of Industry Relations, Rob and Greg break down three major real estate bombshells—the rumored Compass acquisition of Berkshire Hathaway HomeServices (BHHS), the Redfin-Rocket merger, and the potential shake-up of NAR’s Clear Cooperation Policy (CCP). They discuss whether Compass is actually in talks with BHHS or if this is just Wall Street speculation, how Redfin and Rocket could disrupt the brokerage model, and why NAR might be making CCP optional to dodge legal liability.

Key Takeaways

• Compass x BHHS Rumors: Wall Street Journal reported that Compass was acquiring BHHS—but BHHS CEO Gino Blefari strongly denied it. So what’s the truth?

• The Redfin-Rocket Power Move: Why Rocket’s mortgage empire could turn Redfin into Zillow’s biggest competitor—and how Respa exemptions give them an edge.

• NAR’s CCP Shake-Up: Is NAR making CCP optional just to shift legal liability onto MLSs? Rob and Greg debate whether this is NAR’s “race to irrelevance.”

• Does Warren Buffett Want Out of Real Estate?: If BHHS is actually up for sale, what does that say about the future of traditional brokerages?

• How the MLS Landscape Could Change: If MLSs get to decide CCP for themselves, will we see regional MLS battles over compliance and cooperation?

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