Industry Relations

The hosts dive into the sparse attendance at NAR NXT and the shift towards centralized vendor kiosks. They discuss how MLS policy changes signal a shift in authority from NAR to local levels, essentially granting MLS freedom. The repeal of disciplinary guidelines is highlighted, indicating a significant transformation in the MLS landscape. Winners like large brokers and MLSs emerge, while local associations may struggle to adapt. The hosts foresee a need for associations to reinvent themselves without mandatory membership and critique NAR's strategic plan.

Rob and Greg dive into the buzz surrounding the NAR Annual Conference, discussing attendance patterns and committee speculations. They explore the implications of a potential 50-year mortgage and debate whether lower interest rates could actually stimulate home sales. The conversation shifts to a new Zillow-related lawsuit and how Rocket/Redfin might navigate potential RESPA risks. Finally, they highlight the polished experience at Zillow Unlock, attended by top agents, where business connected with brand strategy.

Zillow's recent privacy policy changes spark a heated debate on data access and agent trust. The term 'mutual customer' triggered significant backlash, revealing communication failures at Zillow. Discussions highlight concerns over CRM data use and potential industry ripple effects as agents fear for their client lists. Both hosts emphasize the erosion of trust as a significant risk, while also placing Zillow's decisions within a broader trend in tech. The conversation wraps up with advice for agents to adapt to these evolving privacy expectations.

Hosts dive into the challenges facing real estate's innovation, focusing on outdated MLS technology and bureaucratic hurdles. They tackle the slow permissioning process that stalls startups and explore a proposal for a faster license system akin to a SAFE agreement. The discussion highlights the need for standardized guidelines to tackle inconsistency and fragmentation across MLS systems. With governance issues creating bottlenecks, the call for reform emphasizes both speed and fairness in the industry.

Rob and Greg tackle the contentious CRMLS EULA update, highlighting the clash between broker data rights and MLS ownership claims. They examine the fallout from miscommunication that left many unaware of significant changes. The debate intensifies with Compass CEO Robert Reffkin's posts prompting industry scrutiny. Topics include MLS strategies for data ownership, governance issues, and the vital need for improved communication to brokers. With calls for transparency, they explore the potential impacts on the industry and stress the importance of ongoing dialogue.

Rob and Greg dive into the intriguing Zillow-ChatGPT integration, sparking debates on IDX compliance and the evolving role of AI in real estate. They compare this shift to the early days of Google, highlighting how AI filters listings with more nuance than traditional search. The hosts question outdated MLS policies and advocate for new principles to govern data use. As AI reshapes the industry, they stress that agents embracing these tools will outperform those who resist. Who needs data restrictions in the age of AI? It's a thought-provoking discussion!

A surprising acquisition by Compass could redefine residential real estate. The debate centers on whether Anywhere is truly the industry's crown jewel or just a pawn. Zillow's dominance looms large, prompting talk of potential responses from lobbying to launching their own brokerage. The future of private listings sparks concern over an arms race among brokerages. Discussions also examine Rocket Companies' strategy, impacts on MLS visibility, and how AI might disrupt traditional listing models.

Rob and Greg dive into the highlights of CMLS 2025 in Toronto, discussing both the venue's hiccups and the strong content presented. They tackle bold leadership topics, including the separation of associations and MLSs, as well as the implications of the Compass/Anywhere merger. Vendor frustrations emerge with slow sales cycles and entrenched competition. The duo debates AI's potential impact on the realtor landscape and questions Opendoor's AI-first strategy. Overall, they navigate the shifting dynamics of MLS operations and technology.

Rob and Greg explore the monumental acquisition of Anywhere by Compass, unpacking its $1.6 billion all-stock deal and the debt implications. They discuss the potential for industry consolidation, antitrust concerns, and how this move could redefine private listings. With predictions of competitors like Zillow and Keller Williams adopting private listing strategies, they dive into the shifting dynamics of brokerage operations. The conversation also touches on how this acquisition could impact traditional MLS practices and consumer preferences in the real estate landscape.

Rob and Greg unpack the shocking assassination of Charlie Kirk, exploring its profound impact on society and the real estate industry. They dive into the troubling responses from industry leaders and the celebration of violence witnessed online. The duo questions the consistency of corporate and organizational statements compared to past incidents, urging for accountability and clearer messaging. The conversation emphasizes the need for civil discourse amidst rising polarization and hopes for reduced harmful rhetoric across divides.