In this episode of Industry Relations, Rob and Greg navigate the fallout from key legal decisions and the broader implications for the real estate industry. They analyze the Supreme Court’s denial of NAR’s cert petition, its potential effects on DOJ actions, and how shifting dynamics—such as commission lawsuits and housing market pressures—might reshape the landscape. The conversation also previews upcoming events and industry challenges that will define the next chapter of real estate.

Key Takeaways

• Supreme Court Denies NAR’s Petition: What this decision means for DOJ’s antitrust investigations and future legal battles.

• Commission Lawsuits Continue: Why the litigation isn’t over and what could come next, including potential first-time homebuyer class actions.

• DOJ’s Goals: Rob and Greg speculate on what the Department of Justice ultimately wants for the real estate industry, including reducing transaction fees.

• Housing Market Pressures: Rising costs, insurance challenges, and inventory shifts, including their impact on rentals and sales.

• Upcoming Events: The MLS Reset Conference and the first-ever Industry Relations live stream scheduled for February 7th.

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In this thought-provoking episode of Industry Relations, Rob and Greg explore the seismic changes shaking up the real estate world as Phoenix Realtors challenge the NAR three-way agreement. They delve into the implications of member-driven value propositions, whether NAR can reinvent itself, and the ongoing debate over what truly inspires and retains Realtor memberships. The conversation is a deep dive into the challenges and opportunities ahead for the industry.

Key Takeaways

• Phoenix Realtors’ Bold Move: The Phoenix Association’s MLS Choice Program creates a potential watershed moment, questioning the viability of NAR’s three-way agreement.

• Membership Value Propositions: Rob and Greg discuss the importance of offering concrete benefits to agents versus relying solely on advocacy or inspiration.

• NAR’s Leadership Challenge: Speculation on whether high-profile leadership, such as a celebrity figure, could transform NAR’s narrative and mission.

• The Future of Realtor Memberships: Exploring voluntary membership models and the need for NAR to rethink its approach to retaining and attracting agents.

• Big Questions for 2025: What does it take for an agent to see NAR membership as a must-have in a post-Phoenix world?

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Connect with Rob and Greg:

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Our Sponsors:

CoreLogic

Notorious VIP

The Giant Steps Job Board

Production and Editing Services by Sunbound Studios

In this final episode of the year, Rob and Greg deliver their predictions for 2025, exploring how the real estate industry will evolve. They tackle everything from transaction volumes and mortgage rates to the fate of MLSs and the potential unraveling of the three-way agreement. Along the way, they discuss societal trends, like the importance of community and the role associations can play in bringing people together, while reflecting on industry dynamics and the future of key players like Realtor.com and Compass.

Key Takeaways

• Predictions for 2025: Rob and Greg forecast transaction numbers, mortgage rates, home prices, and the biggest M&A moves.

• The Fate of MLSs: Discussion on whether MLSs will remain relevant or adapt to changing times.

• Unraveling the Three-Way Agreement: The potential impact of associations like Phoenix breaking away from NAR.

• The Importance of Community: Inspired by the book Bowling Alone and the documentary Join or Die, they discuss how associations can evolve to foster better connections.

• Major Industry Moves: Speculation on Realtor.com’s next big acquisition and predictions around mergers like Bright MLS and Stellar MLS.

Bowling Alone Book

Join or Die Movie

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Connect with Rob and Greg:

Rob’s Website

Greg’s Website

Our Sponsors:

CoreLogic

Notorious VIP

The Giant Steps Job Board

Production and Editing Services by Sunbound Studios