Compass goes to WAR; Winter Housing Market here Early??

Uh, we have w- we have some strife in the industry.

Refkin is out there, uh, and he's...

You know, in fairness, he's not doing anything different than what he has been doing this whole time.

There's [laughs]-- like, there's, there's no shock, no surprise.

He's doing exactly what, uh, his investors are paying him for.

He's doing exactly, in my opinion, what his agents probably want him to do.

Um, and it is, uh, to, to fight on their behalf.

And I, I, I'm, I'm anxious to hear your opinion on it.

So if you're a fan of what he's doing, I wanna hear your opinion.

I, I want you to tell me if you love it, if you hate it, let me know.

Uh, but this is, this is where we are now.

Uh, is this the first one? Well, no.

Hmm.

I'm gonna have to reorder this a little bit.

It kind of got out of order.

Hang on just a second.

So we talked last week, I believe it was last week, where we talked about the demand letter that Compass sent out to all of the brokerages, or not brokerages, to all of the MLSs that said, "Hey, you guys can't fine agents anymore for using, uh, off-MLS marketing practices for coming soon listings.

And if you do continue to do that, we will sue you." So here is a, uh, LinkedIn post by him, and it says, uh, "Compass is prefer- preparing a federal antitrust lawsuit against CRMLS, the largest MLS in the country, to stop them from fining agents for public marketing.

About thirty percent of MLSs across the 12 states don't fine agents for public marketing.

Expect the lawsuit to hit in the next few weeks.

In this lawsuit, CRMLS will-- won't be able to claim they are protecting transparency because the lawsuit is solely s- asking CRMLS to stop fining agents for public marketing.

It will be clear CRMLS is only protecting CRMLS." So, so what he's saying is, like, these, these agents are trying to get the, the property out into the public, um, and not necessarily the MLS.

So if you go after us for putting it into the public, then you're essentially going after us for just not using you.

He said, "The proof that it's a reasonable request for CRMLS to stop fining agents for public marketing outside of the CRMLS is that for years, CRMLS explicitly allowed it.

See the CRMLS Seller's Instruction to Exclude Listing from the MLS 2018 form before the CR, uh, MLS changed the rules.