Industry Relations

The podcast discusses the saturation of the real estate industry with REALTORS, examining the number of agents with little to no transactions and the implications. They explore applying SaaS metrics to real estate, the reliance on real estate as a source of income, and professionalism within trade associations. They also discuss the consumerization of real estate, MLS transformation, challenges in leadership and accessible membership, and introduce 'Content in a Box' as a marketing alternative.

Rob and Greg explore the Zillow lawsuit against MLSs, discussing the impact on technology distribution and MLS system integration. They delve into the challenges faced by MLSs and the potential consequences for competition. The speakers also discuss the lack of standards for information swapping and the confusion surrounding Errol's role in the Showing Time acquisition. Additionally, they examine the power dynamics between Zillow and the National Association of Realtors, expressing concerns about potential consequences and industry bullies.

Rob and Greg reflect on the changes in the real estate industry in 2023, discussing mergers and acquisitions, lawsuits, and settlements. They predict the future of the industry in 2024, including the prevalence of AI and changes in compensation policies. They also explore the anticipation of the Sitzer injunction and speculate on Bob Goldberg's departure from NAR. The podcast ends with a debate on the credibility of government numbers and predictions for the wild housing market in the 2024 election year.

In this holiday special episode of Industry Relations, hosts Rob and Greg unwrap their naughty and nice list for the real estate industry, praising Jerome Powell and acknowledging Sam de Borde as a good defender of NAR. They discuss the successes of new home builders Kevin Oakley, Ryan Schneider, and Dave Linniger. The speakers analyze individuals on their 'naughty' and 'nice' lists, highlighting the accomplishments of advocates for reform and criticizing controversial tactics. They recognize the contributions of two MLS CEOs and emphasize the need to eliminate 'bad apples' in the industry. The episode ends with well wishes for the holiday season.

Explore the aftermath of recent legal developments in the real estate industry in this engaging episode. The hosts guide you through the stages of grief experienced by the industry, emphasizing the importance of showcasing value and embracing adaptability. They discuss settlement strategies, the need for agents to communicate their value, collaborating and specializing in real estate, and the need for weak players to die out. Don't miss their upcoming year-end wrap-up and Christmas episode.

The podcast explores the importance of authenticity and relatable communication in the real estate industry. It discusses the need for NAR to shift its focus to home buyers and highlights the potential decline of NAR membership. The podcast concludes with a call to reform NAR and MLS for a stronger realtor association.

Sam DeBord challenges Rob and Greg on NAR's competency. Lack of communication and secrecy of NAR's legal strategy. Lack of communication on copycat lawsuits. Challenges, cultural issues, and financial implications of NAR membership. Criticism of NAR's legal strategy. The importance of caring and providing context. Passion for the Realtor's movement and civil disagreement.

Rob and Greg recap the NAR conference, share funny moments, and discuss the lack of contingency plans in the industry. They analyze copycat lawsuits and potential consequences, as well as the impact of a settlement decision made by NAR. The hosts use zombies as a metaphor for industry challenges and emphasize the need for preparation. They reflect on recent events, express uncertainty about the future, and extend well-wishes to the listeners.

The hosts discuss NAR's response to the Sitzer lawsuit and the potential impact on agents and brokers. They express frustration with NAR's lack of planning and communication. They speculate on the future of realtor associations and MLSs and discuss the potential consequences of breaking away from NAR. They also talk about negotiations, potential settlements, and the implications for realtors. They discuss CatchMark's interaction with the Department of Justice and a political candidate who could defund the deep state.

Mike Simonsen, an industry expert provides insights on the future of the industry. The podcast discusses the recent verdict in a lawsuit, potential insolvency of entities involved, lack of mainstream press coverage, and the financial implications of a settlement. Other topics include issues in the real estate market, settlement decisions, implications of an injunction, impact of recent news on Zillow, and preparing for copycat losses.