The Fight for Fair Real Estate: NAR vs. DOJ and the Rise of Exclusive Listings

Welcome to The Dearwood Realty Show. I’m John Schink, Founder and Managing Broker of Dearwood Realty in St. Louis, Missouri. In this episode, we delve into the ongoing battle between the National Association of Realtors (NAR), the Department of Justice (DOJ), and major brokerages against smaller, independent real estate players. I discuss the effects of the NAR’s clear cooperation policy, the challenges it poses to small brokerages, and how exclusive listings—particularly by Compass—are shifting industry power dynamics. We also compare the current state of the real estate market with the past iBuyer craze and debate the implications of keeping listings private. This episode features insights from Mike DelPreet and perspectives from agent Khalil El-Ghoul, tackling key questions about the future of real estate transparency and fair competition.

00:00 Introduction to the Dearwood Realty Show
00:18 Overview of the Real Estate Industry Conflict
01:25 Understanding Clear Cooperation Policy
03:31 The Impact of Exclusive Listings
05:05 Comparing Real Estate to Video Streaming
06:08 Compass and Opendoor: Different Approaches
07:06 The Debate on MLS and Exclusive Listings
08:39 Questions from Compass Agents
15:44 Khalil Al Ghul’s Perspective
25:38 Conclusion and Final Thoughts

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