In this episode of Industry Relations, Rob and Greg tackle three major industry shake-ups: Gary Keller selling a stake in Keller Williams, REX losing its lawsuit against NAR and Zillow, and the launch of a new NAR alternative, AREA, by Mauricio Umansky and Jason Haber. They debate what these moves mean for the future of real estate, the ongoing battle over commission structures, and whether the DOJ's real target is the MLS monopoly. If you're looking for sharp analysis with a side of sarcasm, this episode delivers.

Key Takeaways

• Keller Williams Goes Private Equity: Gary Keller sells a stake to Stone Point Capital—what does this mean for KW's future and private equity's role in real estate?

• The Death of REX?: REX loses its lawsuit against Zillow and NAR. Was this just a bad case, or is the DOJ preparing to take a bigger swing?

• AREA's New MLS Policy: Mauricio Umansky and Jason Haber's new NAR alternative introduces a Clear Collaboration Policy—but is it just a repackaged CCP?

• DOJ's Real Endgame: Rob argues that the Department of Justice doesn't care about commission lawsuits—it's after MLS monopolies.

• The Free Market MLS Debate: Should agents have multiple MLS options? Greg and Rob debate the risks and rewards of breaking up the monopoly.

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