Mike discusses the recent controversy in the real estate industry regarding private exclusives, a practice where some listings are not immediately put into the local MLS system. This is often used by high-profile individuals or those in sensitive situations like divorce, but Mike points out that it's a small minority. They question the logic of partnering with portals like Zillow and Redfin, as it undermine the privacy aspect of private exclusives. Mike suggests that the real estate organizations may be trying to gain power and control, and encourages agents to focus on expanding their contacts and providing maximum exposure for their listings through the local MLS system.