{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Spinning Compass","description":"The Industry Relations Podcast is now available on your favorite podcast player! Overview Rob and Greg break down Compass\u2019s newly filed lawsuit against CRMLS in the Central District of California. They cover the eyebrow-raising $175 million figure tied to commission settlement costs and why Rob thinks Compass has a strong case that\u2019s badly packaged. They also debate MLS \u201ctransparency\u201d claims and OneHome, revisit precedent from Cantor v. Multiple Listing Service of Dutchess County and RealComp, and look at what MLSs facing Compass threats, like Unlock MLS and OneKey MLS, should do next. Key Takeaways Compass\u2019s suit against CRMLS shifts the main legal action to California. Compass appears to seek recovery of commission settlement costs (Sitzer\/Burnett, Gibson) from MLSs. Rob sees strong arguments in the complaint but a weak, overly combative narrative. The complaint doesn\u2019t explain why CRMLS\u2019s board would adopt rules that bind its own members. Rob argues MLS transparency claims fail because consumers can\u2019t join MLSs directly. Greg counters that OneHome gave roughly 12 million consumers CRMLS data access in a year. Rob says an MLS\u2019s customer is the agent who pays, not buyers or sellers. Cantor v. MLS of Dutchess County struck down a rule that had little to do with the cooperative: mandatory MLS yard signs. The core question is whether MLSs should regulate how properties are marketed. NAR\u2019s 2004 change, dropping the advertising restriction from the 14 points, was followed by DOJ action. Greg questions whether MLSs can negotiate in good faith with Compass, given its shifting demands. Rob urges MLSs to try to avoid costly litigation before going to \u201cwar.\u201d Greg notes MLSs feel squeezed between Compass suits and potential seller lawsuits. The 1983 FTC Butters Report shows the MLS is anti-competitive by design but delivers major consumer benefits. Rob predicts private and office-exclusive listings will grow, driven by buyer demand in a K-shaped economy. Connect with Rob and Greg Rob\u2019s Website  Greg\u2019s Website    Watch us on YouTube   Our Sponsors: Cotality  Notorious VIP The Giant Steps Job Board    Production and Editing Services by Sunbound Studios ","author_name":"Industry Relations","author_url":"http:\/\/industryrelations.libsyn.com\/podcast","html":"