When confronted with the possibility of a market shutdown and a prolonged “rent holiday” in California at the onset of the COVID-19 pandemic, Scott Brady began looking for ways to further diversify his business model.
“I think about these brokers and associations that want to decouple and I wonder why. If they’re listening to this podcast, let’s give it a chance. Don’t do anything yet. Let’s give it a chance and see how we can all work together.”
The firm believes it should be covered by NAR’s settlement, which protects all real estate brokerages with a sales volume of less than $2 billion in 2022. It claims it is protected under NAR’s settlement because only Crye-Leike Inc. — which the company said did $1.75 billion in sales volume in 2022 — is named as a defendant in the Gibson suit.
HousingWire real estate reporter Jeff Andrews sat down with John DiMichele, the new chair of the Council of Multiple Listing Services (CMLS), to discuss the state of MLSs and their future in a rapidly changing real estate environment.