The thing about incentives

The thing about incentives

Author: Rob Hahn and Greg Robertson June 18, 2025 Duration: 58:31

In this episode of Industry Relations, Rob and Greg reflect on a recent panel discussion hosted by the Orange County Association of REALTORS®. They discuss the incentives that drive agent and broker behavior, the value and vulnerabilities of the MLS in a post-settlement world, and the broader structural changes facing the real estate industry. The first half of the conversation also includes a candid exchange on trades as a career path and the shifting economic landscape for young adults.

Key Takeaways

 

  • MLS Incentive Structures – A deep dive into how policy changes have affected the incentive for brokers to remain in the MLS, especially with the decline of enforceable compensation.

  • Broker Power and Consolidation – Why the largest brokerages may now have more incentive to operate independently of the MLS and what that means for smaller firms.

  • Agent-Level Impact – Rob and Greg question whether large-scale policy debates truly affect everyday agents and argue that most industry drama doesn't change the work agents do.

  • Panel Highlights – Reflections on a live panel with James Dwiggins and Ed Zorn, including audience reactions and a question: "What would you do if you ran NAR?"

  • Compensation and Enforcement Post-Settlement – Analysis of how buyer-agent compensation continues through informal agreements and social norms, despite changes to MLS rules.

  • Trades and Career Advice – A wide-ranging discussion on whether young people should consider skilled trades as an alternative to traditional college paths.

Connect with Rob and Greg

Rob's Website 

Greg's Website 

Watch us on YouTube!

Our Sponsors:

Cotality 

Notorious VIP

The Giant Steps Job Board 

 

Production and Editing Services by Sunbound Studios


Industry Relations is a weekly conversation hosted by Rob Hahn, also known as The Notorious ROB, and Greg Robertson. It operates at a unique crossroads, examining where the business of real estate collides with and is reshaped by new technology. This isn't a surface-level tech review; the discussion comes from an insider's perspective, built on years of direct experience within the field. Each episode delves into the practical implications of software platforms, shifting market data, and emerging business models that are actively changing how properties are bought, sold, and managed. The hosts analyze trends, debate strategies, and often challenge conventional wisdom, providing a nuanced look at the forces driving change. Listening to this podcast offers a deeper understanding of the operational and entrepreneurial challenges faced by professionals navigating this evolving landscape. You'll hear specific case studies, evaluations of new tools, and forward-looking predictions about what's next for the industry. The tone is direct and informed, reflecting the hosts' deep background, making it essential for anyone invested in the future of real estate as a business. Tune in for thoughtful, weekly analysis that goes beyond the headlines.
Author: Language: English Episodes: 100

Industry Relations
Podcast Episodes
Zillow's win sends Compass spinning [not-audio_url] [/not-audio_url]

Duration: 1:00:29
The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg go live to break down major news shaking real estate tech: a judge rules decisively in Zillow's favor against Compass…
Jack Miller on Lists, Trends, Marketplaces and CoStar. [not-audio_url] [/not-audio_url]

Duration: 1:15:35
The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg are joined by Jack Miller (President & CEO of T3 Sixty) for a wide-ranging discussion on the SP 200, changes to T3's…
Can You Regulate "Public Marketing"? [not-audio_url] [/not-audio_url]

Duration: 56:10
The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg open the episode by honoring Glenn Kelman's retirement from Redfin, reflecting on his leadership style, industry impa…
Compass Closes, CoStar Cuts, TAN Stirs the Pot. [not-audio_url] [/not-audio_url]

Duration: 38:05
The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg dive into a packed week in real estate: the Compass–Anywhere deal officially closes, CoStar announces major spending…
What if the MLS Becomes Optional? [not-audio_url] [/not-audio_url]

Duration: 55:58
The Industry Relations Podcast is now available on your favorite podcast player! Overview In this episode, Rob and Greg dive into the implications of a future where exclusive listings become the industry norm. They explo…
Forecast 2026: Mortgage Rates, MLS Wars, and Industry Consolidations [not-audio_url] [/not-audio_url]

Duration: 1:02:27
The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob Hahn and Greg Robertson close out the year with their annual predictions episode. They debate where housing transactions, inte…
2025 in the Rearview: Who Got It Right? [not-audio_url] [/not-audio_url]

Duration: 56:54
The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob Hahn and Greg Robertson close out the year by revisiting their 2024 predictions and grading how they actually turned out. From…
Who Runs Bartertown? [not-audio_url] [/not-audio_url]

Duration: 59:52
The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob Hahn and Greg Robertson dig into the escalating conflict between Zillow and MRED over private listing networks (PLNs), IDX rul…
How Much Transparency Is Too Much? [not-audio_url] [/not-audio_url]

Duration: 1:01:24
The Industry Relations Podcast is now available on your favorite podcast player! Overview In this episode, Rob and Greg dive into the recurring issue of embezzlement and financial mismanagement within small Realtor assoc…