Industry Relations

In this episode of Industry Relations, Rob and Greg examine how changes to MLS rules, especially around delayed marketing and the Clear Cooperation Policy (CCP), are impacting portals, broker strategies, vendors, and the broader real estate ecosystem. They also explore the implications of the Rocket-Redfin merger, challenges for MLS public-facing websites, and what the new data policy landscape means for technology providers.   Key Takeaways • Portal Impact of CCP Changes – Rob and Greg analyze how platforms like Zillow, Redfin, Realtor.com, and Homes.com are adapting to rule changes. • Delayed Marketing and Public Portals – Discussion of how CCP affects MLS public-facing websites, particularly HAR and UtahRealEstate.com. • Vendor Challenges with VOW Feeds – Vendors may need to shift from IDX to VOW feeds, which are more costly and complex to implement. • Rocket-Redfin Merger – Examination of how Rocket’s acquisition of Redfin could reshape brokerage models and mortgage integration. • Enforcement Variability – Insights into how different MLSs may interpret and enforce delayed marketing and cooperation rules. • Broker Website Tech – Consideration of how IDX and VOW data will influence broker sites and lead generation strategies moving forward. Connect with Rob and Greg Rob’s Website https://notoriousrob.substack.com/ Greg’s Website https://www.vendoralley.com/about-2/ Our Sponsors: Cotality https://www.cotality.com/ Notorious VIP https://notoriousrob.substack.com The Giant Steps Job Board https://vendoralley.jobboard.io/   Production and Editing Services by Sunbound Studios sunboundstudios.com

In this episode of Industry Relations, Rob and Greg react to Zillow’s announcement that listings violating the Clear Cooperation Policy (CCP) will no longer be allowed on its platform. They discuss how this move could impact private exclusives, delayed marketing strategies, and the role of major brokerages like Compass and eXp. They also explore how this policy could affect MLS governance and whether Zillow’s position signals a shift in industry power. Key Takeaways Zillow’s CCP Policy Enforcement – Listings that violate CCP by being publicly marketed before entering the MLS will be banned from Zillow. Impact on Compass’s Strategy – The change could limit Compass’s three-phase marketing model and influence future iterations. eXp’s Public Support – Zillow’s announcement included backing from eXp, raising questions about why other brokerages didn’t join. MLS Power and Governance – Discussion on how Zillow’s move challenges the authority of MLSs that have their own coming soon policies. Consumer Impact and Transparency – Debate over how the policy affects sellers, buyers, and the perceived openness of the listing marketplace. Watch Us on YouTube  Connect with Rob and Greg:  Rob’s Website Greg’s Website   Our Sponsors: Cotality Notorious VIP The Giant Steps Job Board   Production and Editing Services by Sunbound Studios

The hosts dive into the evolving landscape of the Clear Cooperation Policy and its ramifications for brokerages and MLSs. They explore how exclusive inventory strategies are shaking up competition and attracting scrutiny from the DOJ. The discussion highlights the challenges for smaller firms against large players in the real estate game. They also share insights from a recent conference, revealing the nuances of casual networking and the complexities of MLS data management. Get ready for a vibrant look at what the future holds for agents and consumers!

The hosts tackle the Clear Cooperation Policy and its impending changes for real estate practices. They analyze the DOJ's investigation into the National Association of Realtors, discussing potential shifts in the industry. Next, they break down the evolving landscape of MLS policies and how major brokerages are adjusting to these challenges. The conversation dives into the implications for agents and the broader market dynamics, highlighting the ongoing power shifts within the real estate ecosystem.

The podcast dissects the ongoing drama surrounding the Clear Cooperation Policy and the DOJ's stance on MLS regulations. A deep dive into the implications of DOJ statements exposes potential misinterpretations. The hosts debate whether large brokerages are gaining too much power over MLS data, challenging traditional listings. They also explore how exclusive lists could reshape the future of real estate. As the narrative on the Chinese Communist Party shifts, listeners are left pondering the potential for significant changes in both real estate and global politics.

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?

Explore the latest upheavals in real estate as major players like Gary Keller innovate and face challenges. Discover the implications of REX's legal setbacks against Zillow and NAR. Tune in to the unveiling of AREA, a new alternative from Umansky and Haber, and how its policies could reshape collaboration. Delve into the Department of Justice’s surprising focus on MLS monopolies rather than commission structures. This engaging discussion is sprinkled with sharp analysis and a touch of sarcasm—perfect for real estate enthusiasts!

The podcast dives into the heated debate over dual agency in real estate, questioning its ethics and impact on buyers and sellers. It highlights the controversial practices of major players like Compass and their influence on the MLS. The discussion tackles why brokerages seem to get a pass on dual agency while teams are scrutinized. Listeners will find insights on the balance between protecting small brokers and the future of private networks in the industry. Expect unfiltered takes on the state of real estate and its evolving landscape.

A heated debate unfolds over the Phoenix Realtors' compromise with NAR, questioning if it's a strategic win or the start of a bigger transformation. The rise of the 'Freedom Plan' could alter Realtor membership dynamics, prompting other associations to consider similar paths. While discussing the implications of Non-Member MLS Access, the hosts predict a major shakeup in how local real estate associations operate. With a mix of bold predictions and humor, this conversation is essential for anyone tracking the evolving landscape of industry governance.

This live discussion tackles the evolving meaning of cooperation in real estate, especially as compensation models shift. The hosts debate whether MLSs should remain broker cooperatives or if associations hold too much power. They delve into the complexities of fiduciary duties and trust, emphasizing the importance of transparency. Moreover, global perspectives reveal why other countries admire the U.S. MLS system, raising concerns about potential losses if major changes occur. Prepare for some heated exchanges between the hosts!