NAR Midyear Recap and then some...

Update: 2025-06-11

Description

In this episode of Industry Relations, Rob and Greg recap the 2025 NAR Midyear Meetings in Washington, D.C., discussing key industry developments, MLS policy changes, and behind-the-scenes dynamics. Topics include the repeal of the commingling ban, updates to NAR's controversial 10-5 speech policy, and ongoing MLS consolidation. They also cover vendor presence, association politics, and speculation around leadership changes in CMLS.

Key Takeaways

Compass "Protest" at Midyear – Greg recounts organizing a publicity stunt in front of Compass's hotel to promote Tuesday.com
Repeal of Co-mingling Ban – Discussion on how NAR's removal of the commingling restriction could impact listing syndication and MLS relevance.
10-5 Policy Changes – Rob and Greg unpack the revision of NAR's hate speech rule, its political implications, and the proposal for a "conduct unbecoming" clause.
MLS Consolidation – A growing theme from the meetings was consolidation, with T3 data showing Bright MLS now leading in subscriber count.
CMLS Leadership Transition – With Denee Evans stepping down, the episode explores possible successors and whether CMLS and RESO should consider a merger.
Policy Governance Shifts – Signs point to NAR possibly stepping back from MLS policy-making, sparking conversation about which organization might take that role.
Vendor and Trade Show Insights – Observations about reduced vendor presence and the challenges for newer tech companies trying to break into the space.
Affordability and Market Outlook – Brief discussion on macro issues like tariffs, political shifts, and whether the real estate market is moving toward a buyer's market.