NAR NXT Event Sparks Major Controversy Across The Industry | The Real Word 343

Byron Lazine and Nicole White discuss the National Association of Realtors’ NAR NXT event as well as major headlines stemming from it, NAR membership, a controversial article from Compass CEO Robert Reffkin, and NAR CEO Nykia Wright’s support for a 3-way agreement.

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Connect with Byron Lazine: https://www.instagram.com/byronlazine
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This episode's sources:
https://www.inman.com/2024/11/11/compass-ceo-robert-reffkin-zillow-will-be-the-national-mls https://www.realestatenews.com/2024/11/11/nar-seeking-outside-help-to-get-ahead-of-antitrust-issues https://www.inman.com/2024/11/07/after-nar-deal-mlss-will-have-to-reinvent-themselves-or-else/
https://www.nar.realtor/magazine/real-estate-news/nar-board-approves-budget-culture-transformation-plan-passes
https://www.nar.realtor/magazine/real-estate-news/strength-in-numbers
https://www.inman.com/2024/11/11/nar-ceo-signals-support-for-3-way-agreement-amid-realtor-pushback/
https://www.nar.realtor/magazine/real-estate-news/executive-committee-board-of-directors-approve-plan-to-enhance-nar-culture

Timestamps:

00:00-00:36 Intro
00:36 Topic 1—Byron’s NAR NXT takeaways
02:01 Headlines stemming from the event—including NAR membership
05:33 Working to “understand the beast” (NAR scale & strengths)
08:48 NAR webinar attendance numbers: 300-1,000
12:07 “The whole number game is a problem…”
13:24 Topic 2—Major headlines that came out from NAR NXT
13:49 Compass CEO article: “Zillow will be the national MLS”
13:14 Real Estate News article: “NAR Seeking Outside Help”
14:58 Inman article: “After NAR deal, MLSs will have to reinvent themselves.”
15:13 NAR news release: “NAR Board Approves Budget”
15:25 “NAR CEO Nykia Wright Signals Support for ‘3-Way Agreement’”
15:57 “Out of all those headlines, which one sticks out to you?” (Nicole’s answer)
18:01 548 MLSs or one national MLS?
27:41 Nykia Wright quote: “...We are here to make sure those rumblings subside”
30:44 “The deeper conversation should be ‘the standard needs to go up.’”
32:39 Summary of the board-approved recommendations for NAR

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#nationalassociationofrealtors #compass #mls

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