PDX Real Estate EP164: NAR's New Frontier: Colin Mullane on Industry Changes, Clear Cooperation, and the Future of Real Estate

Buckle up real estate pros! The industry is changing and we’ve
got the inside scoop from someone who knows. 


In this episode Steve and Joe sit down with Colin Mullane, the
candidate for first vice president of NAR, to get the real scoop
on what’s going on in the real estate world.


From the recent lawsuit settlement to the future of Clear
Cooperation, Colin shares what NAR is doing to protect realtors
and shape the future of the industry. 


You’ll hear how these changes aren’t just challenges but
opportunities for growth and professionalism.


Find out why decoupling of commissions might be the best thing to
happen to your business and how to navigate buyer representation
agreements with confidence and avoid pitfalls.


This episode goes deep into the often misunderstood world of open
houses, E&O insurance and the importance of adhering to
settlement terms. 


You’ll leave with a better understanding of your risks and
responsibilities in this new world of real estate.


Whether you’re a seasoned pro or just starting out, this episode
has game changing information that will change the way you do
business. 


Colin’s perspective as both a successful realtor and incoming NAR
leader gives you a behind the scenes look at the industry.


Don’t miss out on the opportunity to get informed and get ahead
of the curve. Listen in for a candid, fun and sometimes
surprising look at the future of real estate!


 


Key Takeaways


NAR settled a class action lawsuit for $418 million, including
major industry changes.


The settlement protects NAR members from further lawsuits if they
follow new rules.


Key changes include removing buyer broker compensation from MLS
listings and requiring buyer broker agreements.


Colin Mullane is the incoming candidate for first vice president
of NAR.


NAR fought hard to protect members' interests during the lawsuit.


Decoupling commissions has given realtors more control over their
business.


Clear Cooperation policy, requiring quick MLS listing of public
marketed properties, is under scrutiny.


NAR continues to defend realtor and consumer interests,
emphasizing cooperation.


The settlement's practice changes are terms that must be followed
to maintain coverage.


Open houses held by agents from different companies may violate
settlement terms.


Some larger companies are challenging Clear Cooperation,
potentially for their own benefit.


NAR is waiting for a Supreme Court decision before addressing
Clear Cooperation concerns.


The US real estate industry is unique globally, with NAR
protecting its cooperative model.


Recent changes have raised professional standards, potentially
benefiting experienced agents.


NAR's role in lobbying since 1908 has been crucial in shaping the
current real estate landscape.


 


Connect with Joe


Soldera Properties


Joe on LinkedIn


 


Connect with Steve


Steve’s Team at Premiere Property Group


Steve on LinkedIn


 


Connect with Colin


Colin Mullane - National Association of Realtors


Colin Mullane on LinkedIn


 


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