Where Real Estate Gets Its Dirt

MLS Execs Are Ready for Local Autonomy — But the Safety Net Is Gone

Most MLS, association execs back NAR’s strategy — with caveats

“A growing acceptance that the ‘all-in’ membership model is under threat.”

A new T3 Sixty survey offers a candid look at where MLS and association executives stand heading into 2026, and the results are interesting. On the surface, more than 8 in 10 organized real estate leaders say they’re aligned with NAR’s three-year strategic plan. But dig a little deeper and there’s a lot of nuance underneath that headline number.

The membership picture is stabilizing, sort of. While heading into 2025 over 70% of execs expected membership declines, only 25% actually saw them. Which is good news. About 35% saw membership tick up — the rest were flat. Those predictions had influenced budgeting so I’m glad that some of the gloom and doom around membership is thawing.

The bigger story for 2026 is what happens to membership models themselves. A full 70% of respondents think new membership structures are likely to emerge this year, with agents increasingly prioritizing MLS access while dropping secondary memberships. The “all-in” model that has defined organized real estate for decades is under real pressure.

On local autonomy, there’s broad support — 68% of all respondents favor more local policy discretion, and among MLS-only executives that jumps to 85%. That aligns pretty well with the sweeping MLS Handbook changes NAR pushed through late last year. But support for autonomy and comfort with autonomy are two different things. As NAR steps back from its traditional rulemaking role, local organizations are navigating uncertain legal territory without much of a safety net. One exec put it plainly: every policy is now under careful review “to ensure we aren’t the next target.”

The organizations that thrive will be the ones that treat this new autonomy as an opportunity rather than a burden.

CoStar strikes back

CoStar Group Reiterates Strategic Initiatives to Prioritize Profitable Growth and Increase Long-term Stockholder Value

“Third Point appears intent on spinning a yarn of Board complacency and “quixotic” investment. Their story is completely detached from reality. Following a review process that Third Point and D.E. Shaw suggested with participation from their Board nominees, the Board unanimously recommended a plan involving accelerated profitability for Homes.com, additional investments in our core platforms, incremental capital return, stockholder-aligned executive compensation, and greater investor transparency. Unhappy with the conclusions of the independent Board they helped pick, Third Point, like a child with a board game, wants to throw the pieces off the board.”

I did some digging based on a tip. What I found was Third Point invested in Rocket last year which changes the optics for me a bit. Could there be a bit of game play here? Maybe. Maybe not. But, as I said in my last post, I still wouldn’t bet against Andy Florance.

But in my last episode of Industry Relations, recorded before the CoStar news broke, I asked Jack Miller his thoughts on CoStar and he had a brilliant take.

 

From Jack’s perspective it’s still about product market fit. In my 2026 predictions I said that we were going to see a shift in the strategies of non-Zillow portals. So far Realtor.com has announced their Realtor + app, and I think Homes.com is going to have to think of something that answers Jack’s take.

Looking for a new gig?

Association CEO – Southern Indiana Association of REALTORS® 

“The Chief Executive Officer (CEO) will serve as a collaborative strategic and operational leader, working in close partnership with the Board of Directors and staff to advance the organization’s mission. Together with the board and team, the CEO will lead initiatives to streamline operations, strengthen internal and external communication, elevate community and industry engagement, and position the organization as a visible, respected, and forward-thinking force in the region.”

The find out about this job or post a job, please visit the Giant Steps Job Board.

T3 Sixty says Bright MLS is #1

Bright tops 2025 MLS rankings

Who’s No. 1? For the first time since T3 Sixty began its rankings, there is a new player in the top spot: Bright MLS, with 101,000 members. Bright has moved into the position formerly occupied by California Regional MLS, which drops to No. 2 with 99,000 members, followed by Central Florida-based Stellar MLS with 81,453.

The shift at the top aligns with the bigger picture nationally, where every part of the country saw a drop in the total number of MLS subscribers — except the South Atlantic region (up 0.4%). That area is covered in part by Bright MLS and has seen ongoing population growth.”

The difference in subscriber count is just 2,100. I’ve said this before, but what Clint Skutchan does with T3 Sixty is an incredible asset to the industry. The RE Almanac sits on my desk and serves as an important reference every week.

Looking for a new gig?

Organized Real Estate Associate Consultant – T3 Sixty

“The Organized Real Estate Associate Consultant will assist the SVP of the business unit in servicing company clients (MLSs and Associations) and will help drive efficiency and profitability. This includes but is not limited to assisting in coordination and logistics of all Organized Real Estate consulting projects and sales activities.”

T3 Sixty

To find out about this job and more please visit the Vendor Alley Job Board.

T3 Technology Summit dates announced

T3 Technology Summit Unveils the Future of Real Estate Technology and Marketing

“The T3 Tech Summit is where innovation converges with opportunity, creating a dynamic ecosystem for marketing and technology leaders. Our commitment to fostering meaningful connections and providing valuable insights ensures that attendees leave equipped to shape the future of our industry,” said Michael Phelan, senior vice president of technology consulting at T3 Sixty.”

T3 Sixty

Dates are Sept. 29 to Oct. 1, 2024, at the Sheraton New Orleans Hotel in New Orleans. Early bird pricing is super reasonable. This event seems to get better and better every year.

T3 Sixty will not publish 2024 rankings of brokerages

Prudent.

T3 Sixty Webinar-“5 years of insights for MLS & Association Executives”

The industry owes the folks at T3 Sixty a lot of gratitude for putting this information together. Whether you are a vendor, MLS organization or Association this data is gold when it comes to planning.

Today T3 Sixty just updated its Real Estate Almanac. This year they also parsed out ownership structures of MLS organizations. Join Clint tomorrow and get the full rundown.

To register visit => T3 Sixty Webinar Series

Swanepoel Power 200 for 2024

It’s that time of year again! T3 Sixty has published their SP200 list for 2024. Each year I like to parse out the list and see how our brothers and sisters made out in the MLS community.

The Mt. Rushmore of MLS Execs (as I previously coined them last year) has not changed but each of their respective positions have slightly improved. Art Carter, CEO of CRMLSBrian Donnellan, CEO of Bright MLS and Bob Hale, CEO of HAR.

Art and Brian both jumped 7 spots, Bob broke in to the twenties.

Merri Jo Cowen, CEO of Stellar MLS leaps 32 spots to #52 to the fourth highest ranking MLS exec on the list beating Teresa King Kinney of Miami AOR who dropped 5 spots to # 60.  Jeremy Crawford of FMLS catapults 48 spots up this year to #54.

John DiMichele of TREBB (the only MLS on this list that doesn’t offer Cloud CMA to its members) falls to #66.  ( you know I love you Jon. 😆)

Dionna Hall, CEO of Beaches MLS, glides up to #96 on the list.  Rebecca Jensen, CEO of MRED lands at # 99 while Matt Consalvo, CEO of ARMLS, climbs up 10 spots to #100.  Gene Millman, CEO of REColorado.com soars to #102 on the list (that’s a leap of 65!) Emily Chenevert, CEO of Austin Board of REALTORS jumps 18 spots up from last year to #124

AnneMarie DeCatsye, CEO of Canopy MLS climbs to #174. Brad Bjelke CEO of UtahRealEstate.com landed at #175.  

Stuart White, CEO of Realtracs rockets 56 spots to land at #120.  Plus “the mad scientist” Tim Dain was listed at #130 ( a jump of 58 spots)

Erm Grasso, CEO of MLS PIN, and Richard Haggerty , CEO OneKey MLS, debuts on the list at #195 and #198 respectively.

Congratulations everyone!

***Please forgive me if I missed someone or got something wrong. Just DM me and I’ll make the correction.***

T3 Sixty’s Annual MLS Study

I have to say that the Real Estate Almanac is one of the most used tools I have. I was asked to pass along this announcement and hope everyone will consider supporting T3 Sixty’s efforts.

“Each year since 2018, T3 Sixty in collaboration with RESO have produced the Organized Real Estate rankings section on RealEstateAlmanac.com. The ranking include the MLS subscriber counts and organizational types for each of the 521 MLSs across the United States along with REALTOR® association membership counts. To ensure they have the most accurate information possible, T3 is again asking MLS Executives to share their current MLS subscriber counts for publication of the 2024 version of the list which will be published electronically and shared with the industry in February of 2024.

Building on their success with last year’s intial research, MLS executives will also be given the option to take part in T3’s confidential MLS Executive compensation and benefits study. This year, based on feedback, the independent research firm has added the option to complete an MLS COO and CTO study. It is important to note that the individual results of these studies will not be made public, but each MLS survey participant will be provided with a complimentary synopsis report of the research results. 

T3 Sixty 2024 MLS Count and C-Level Compensation Study

If you have any questions or concerns, please reach out to Clint Skutchan, T3 Sixty’s SVP of Organized Real Estate directly at clint@t360.com.”

Clint Skutchan, T3 Sixty
Sponsored By Cotality