Where Real Estate Gets Its Dirt

Did NAR just blow up CCP?

NAR tells sellers they don’t have to list on the MLS

“A point of contention around Clear Cooperation is the requirement that, in most cases, agents must submit a listing to the MLS within one business day of publicly marketing it. In its message to consumers, however, NAR appears to take a more flexible stance, telling sellers they do not have to market their home through the MLS, but still advising them to “discuss the pros and cons with your agent.” 

Real Estate News

If the National Association of REALTORS says it okay not for home sellers not to list on the MLS, then that’s the ballgame. CCP is dead.

Katie Johnson, chief legal officer at NAR departs.

NAR Chief Legal Officer Katie Johnson is ‘stepping down’

“As we make this transition, our priority is ensuring business continuity and remaining laser focused on shepherding NAR through this time of significant industry change.”

Inman has asked why Johnson is stepping down, when she is stepping down and who will replace her. We will update this story if and when responses are received.”

Inman News

I think the writing was on the wall when Nykia got the full-time gig at NAR. Many had Katie pegged as the heir apparent for the CEO position once Bob Goldberg retired. But the New York Times sexual harassment stories and the Sitzer/Burnett case had other plans. So why stick around? I didn’t know her well, but she did take my few phone calls (one?) and respond to my emails. She was always cordial whenever we met in person. And unlike many detractors, I think she earned every dime she got from NAR. In another world I would love to hear all the behind the scenes stories she must have.

Good luck, Katie. And most of all, good luck, Nykia. You own this now

Industry Relations Podcast: Tales from the Road

After missing a recording last week (due to travel schedules) the boys are back with another jammed pack episode of Industry Relations.  In this week’s episode Rob and Greg discuss recent Blueprint conference in Las Vegas, CMLS 2024 in Seattle and REColorado new subscriber agreement.  And they sprinkle a little CCP talking points just for good measure.

Watch us on YouTube!

Pictures of Greg’s sister, Pilar, winning her own award

Pictures of Greg presenting at CMLS 2024

HousingWire post on REColorado acquisition

Greg’s take on Rob Reffkin’s CMLS 2024 interview

Connect with Rob and Greg: 

Rob’s Website

Greg’s Website

Our Sponsors: 

CoreLogic

Notorious VIP

The Giant Steps Job Board

This podcast is produced by Sunbound Studios

REcore Announces MLS Buyer Registry

REcore Announces Launch of MLS Buyer Registry: Addressing Compliance, Protecting Agents, and Streamlining Workflows

“MLSs are now tasked with ensuring compliance with buyer agency agreements, and we saw the opportunity to not only solve that problem but also add real value for agents,” said Katie Smithson, Chief Revenue Officer at REcore. “The MLS Buyer Registry provides more than just compliance – it introduces new ways for agents to manage buyer relationships, resolve disputes, and streamline their processes.”

REcore

Very clever. Agents fill out a form when they have a buyer’s agreement signed (no forms need to be uploaded). When a buyer reaches out to an agent to see a property, agents can quickly check if the buyer is already represented, verified by the digits of the buyer’s phone number (not a phone call), and make a decision. Simple. Each MLS will decide whether this is mandatory or not. The Buyer Registry can be linked from the MLS dashboard, through a link in the MLS system, or integrated further with REcore’s REcenterhub product. Full disclosure, I’m on the board of REcore.

What I like about this is that REcore isn’t trying to change the world. They see a need, have a simple solution, and have put it out there. I’ve often been critical of MLS organizations trying to become vendors, but this is an example of how they can succeed. It’s ‘scratching their own itch’ on a much larger scale.

I’m sure they’ll receive feedback from their MLS customers on what to improve, but the important thing is they are offering solutions. Too often, I see companies overthink their solutions. The best product managers are your customers. So just ship!

Paragon Suite from ICE [Sponsor]

My thanks to ICE for sponsoring this month’s Vendor Alley

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Agents stay updated on favorites, dislikes, possibilities, comments, and new searches with the Client Communication dashboard. Transparent contact info. – with profile picture – helps agents remain just one click or tap away via text, call, or email. Users also remain current on listing comments, unread messages, and the full message history … putting the client’s needs first, always.


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Rayse rising

Rayse Launches to 200 Brokerages, Transforming Transparency and Value in Real Estate Transactions

“Developed in collaboration with leading brokerages, franchisors, and multiple listing service (MLS) providers, Rayse has garnered significant industry support. “We believe in shared ownership of technology solutions to benefit both real estate professionals and their clients,” said Howard W. “Hoby” Hanna IV, CEO of Howard Hanna Real Estate Services, an early investor in Rayse. Founding investors in Rayse completed over 1.1 million transactions in 2023, and the combined agent count among brokers and MLSs is over 470,000, according to data provided by T3 Sixty.”

What I appreciate about what James Dwiggins has so far done with Rayse is the shear number of industry participants who have invested real money to launch this new venture. The count of industry investors he has put together is amazing. It lessens the burden of having to rely on one or two big checks and also has the advantage of smart money. If you take a look at the list of people/companies that have invested they are the same people that can actively participate in helping the company succeed. And when Rayse does succeed they all can participate in its success. Love, love love.

It’s time to Reset

I wanted Vendor Alley readers to be the first to know that the PRESTA team is partnering with my company, Giant Steps, to put on a conference next year. We’re calling it MLS Reset.

When Amy and Chris reached out to us with the idea, I was a little hesitant. Do we really need another conference? But the more we talked, the more excited I got about the opportunity.

We are holding the conference in January 2025, which we think is the perfect time for MLS executives to reflect on the changes that happened in 2024 and reset for a productive new year. We also chose a familiar place for the event: the Scottsdale Plaza Resort.

Our goal is to create something special. It’s still early days, but we’re buzzing with ideas! I hope you will join us.

We’ve set up an Eventbrite page for early bird pricing, and sponsorship information will be coming soon (we will be launching a full website soon). Space at the Scottsdale Plaza is limited, so please sign up early.

For more information and to buy tickets, please visit this link: MLS Reset.

MetroList adds voice search to popular MLS portal, MetroList.com

MetroList Unveils Revolutionary Voice-Activated Real Estate Search Platform for Consumers

“MetroList CEO Dave Howe highlighted the significance of this launch: “This isn’t just an enhancement—it’s a transformative leap forward in real estate technology. We are thrilled to offer the convenience of voice-enabled commands, setting a new standard for property search in the real estate industry.”

Heath Craig, Co-Founder of SaleCore, echoed this sentiment: “Partnering with Lundy on this project has been a natural fit. MetroList’s commitment to innovation aligns perfectly with our vision for the future of real estate technology. We’re excited to see the industry embrace this powerful new property-search tool.”

Pretty rad. When I just asked for a zip code, the experience was super fast and kind of magical. Pretty cutting-edge if you ask me, and it’s great to see an MLS organization like MetroList launch this type of innovation. It shows what good partnerships with vendors can create.

Minor quibbles:

Search requests beyond zip codes with more criteria (beds, baths, price range) take a bit longer.

I couldn’t get it to work on my Safari browser, but it did work on Google Chrome.

When I click the microphone button to start talking, the icon does change color, but I think the button state needs to more clearly indicate that it is in the “on” mode.

Similarly, when you click the microphone to turn it off and start searching, there is no status message to indicate that it is processing your search request. This can feel a bit odd, especially if the search results are not immediate.

Also, in every search I did with a price range, it asked me to repeat the price range.

CRMLS launches Thrive Broker Summit

Thrive Broker Summit, Powered by California Regional MLS, is Poised for Success with a Top-Notch Speaker Lineup and an Impressive Registration List of California’s Highest-Performing Brokers

“I’ve had the pleasure to personally see all the Thrive speakers present before, and I wanted to bring their combined expertise to California’s elite brokerage community,” said CRMLS CEO and Thrive speaker Art Carter. “There’s a lot of understandable tension in the air about all the changes happening right now. The vision of Thrive Broker Summit is to offer actionable insights and draw a map into the future so that we can all succeed together. As we like to say; adapt through change, thrive with knowledge.”

CRMLS

Great lineup. I’m hearing that this may the first interview Phil Hawkins will be giving since accepting the CEO post at California Association of REALTORS (CAR)

When you see it

Sponsored By Paragon Suite from ICE