Fight! Fight! Fight!
We’ve always been told that people love it when Rob and Greg argue. If that true, then we have one of the best Industry Relations Show ever!
With Inman Connect Las Vegas on the horizon, Rob and Greg are facing off over the trend toward exclusive listings and the new Redfin-Opendoor partnership. What does the development of in-house listing programs mean for the industry? And how will the joint venture with Opendoor impact RedfinNow? Our intrepid hosts have very different answers to these questions.
On this episode of Industry Relations, Rob and Greg are discussing the impact of systematic coming soon listings. Rob makes the argument that widespread adoption will take down the MLS, moving residential real estate to the commercial model. Greg makes the case that pocket listings are nothing new and challenges the idea that the MLS will become a ‘dumping ground’ for properties that haven’t sold privately.
Rob and Greg also weigh in on the new partnership between Redfin and Opendoor. Listen in for Greg’s insight around why the collaboration is a genius move that benefits both parties and learn why Rob sees it as a huge concession on Redfin’s part—a concession that will eliminate their own iBuyer operations in each and every Opendoor market.
What’s Discussed:
What Rob & Greg are looking forward to most at Inman Connect
Greg’s criticism of Rob’s recent posts on RealScout’s Buyer Graph
Rob’s argument that coming soon programs will take down the MLS
Greg’s counter that exclusive listings are not a new phenomenon
How residential real estate may be moving to a commercial model
Greg’s take on the brilliance of the Redfin & Opendoor partnership
How the new partnership with Opendoor will impact RedfinNow
Rob’s view of the partnership as a concession on the part of Redfin
Connect with Rob and Greg:
Resources:
Our Sponsors:
Impressive to see you fit the entire Library of Congress into one podcast.
@Brad We talk fast.
Consumers will keep the MLS around. It will only take a few bad apple agents to shortchange a few sellers that will inevitably lead to a class action lawsuit because some agent held a listing, sold it to a friend, who then immediately flipped it for a 30% gain, agent pockets multiple commissions. The MLS makes the market work by keeping it “kinda” honest.
Pingback: Inman Connect - Las Vegas. Are you ready? - Vendor Alley | Vendor Alley