'Unfiltered': MLS CEO talks tech, settlement pros and cons
Watch the conversation with NorthstarMLS’s Tim Dain as he discusses how technology can work better for agents, and the not-so-simple outcomes of the NAR deal.
NextHome CEO James Dwiggins has emerged as a significant voice on the topics that are shaping the real estate industry: lawsuits, innovation, leadership. But Dwiggins doesn't just answer questions, he asks them of guests on Real Estate Insiders Unfiltered, his podcast with Keith Robinson, NextHome's chief strategic officer.
On this week's episode of Real Estate Insiders Unfiltered, NorthstarMLS President and CEO Tim Dain gets candid about the future of the MLS, and the "good, bad and status quo" of the NAR commissions settlement.
Watch now to learn more: What will the MLS look like in five years? And how much will the recent settlement deal influence the direction of MLSs and the industry at large? Dain shares his perspective on the importance of making data more accessible to brokers and agents, and the complexity of the commissions litigation and its outcomes.
"The good that will come out of it is that it's forcing all of us to think about our business model, to think about our change. The bad is that, from an MLS executive perspective, all the settlement does is kind of hurt small businesses. There are 540 MLS — they're all small businesses, no matter how big they are. Taking it out of the MLS and creating a shadow market for compensation is not good for consumers."
The views, thoughts and opinions expressed in the Real Estate Insiders podcast belong solely to the podcast creators and guests, and not Real Estate News.