New York AG Investigates Compass’s $1.6B Acquisition Of Anywhere Real Estate

On today’s Knowledge Brokers Podcast, Byron Lazine, Tom Toole and Lisa Chinatti dive into the New York AG’s antitrust investigation into Compass and Connecticut’s brand-new ban on private pocket listings.

They also tackle a shocking new survey showing 82% of agents get zero leads from paid ads. Plus, they break down the latest AI search tools from Realtor.com and ChatGPT, and how to actually build a high-converting follow-up system.

Finally, they discuss the reality behind agent optimism vs. actual pending home sales. The crew also shares their boldest macroeconomic predictions, from sticky mortgage rates to upcoming interest rate cuts and how they impact your business.

⏰ Timestamps:

00:00 – 01:30 Intro

01:31 Compass’s Trump-Aligned Legal Play and the NY AG Investigation

04:26 “Not a Monopoly,” But the Behavior Sure Looks Like One

06:22 Compass’s Strategy Is Backfiring and Zillow Is Winning

10:35 How MLS CEOs Are Bending the Knee to Compass

16:51 70% Market Share in Northern California: The Numbers Behind the Antitrust Case

23:48 Connecticut Becomes Latest State To Restrict Private Listings

39:16 Bold Rate Prediction: One Cut Before Midterms

47:46 82% of Agents Can’t Generate Leads From Paid Ads?

54:18 The Attribution Trap: Why Agents Think Their Ads Aren’t Working

56:47 ChatGPT Is Rolling Out Ads: Should Agents Care?

01:05:34 Realtor.com Just Launched an AI Home Search Tool Built With Google