Industry Relations Back to the future with Sub Agency?
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Aug 27, 2025 Rob and Greg explore Andrea's new role at Real Estate News, aiming for enhanced investigative journalism. They dive into Anne Marie’s push for MLS independence amid rising realtor commissions, sparking debates on ownership structures. A lawsuit against NAR challenges the enforcement of buyer representation agreements, highlighting weak compliance. Rob argues for a return to sub-agency to tackle steering issues and simplify compensation, while questioning the historical reasons for its abandonment. Overall, the discussion paves the way for potential regulatory changes in the real estate landscape.
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Lawsuit Claims Coordinated Inaction On Enforcement
- A new Florida suit (Zia) alleges coordinated inaction by MLSs and NAR to enforce buyer representation rules.
- Rob highlights the claimant gathered emails and evidence suggesting systemic non-enforcement.
Enforce Buyer Rep Rules Using Tech
- Monitor and enforce buyer representation rules rather than just passing them, or they become meaningless.
- Use registries and tech (like racore.net) to capture agreements and make enforcement feasible.
Regulators May Escalate If Enforcement Fails
- Plaintiffs and regulators pushed for transparency to lower transaction costs but reforms haven't delivered target savings.
- Rob suggests if enforcement fails, regulators might push further like banning seller-paid buyer compensation.