The Update Podcast with Saul Klein, John Reilly, and Tristan Ahumada

Real estate market trends tell you exactly what is going down right now while the whole industry gets a major reality check. This episode of The Update has Tristan Ahumada, Saul Klein, and John Reilly breaking down what you actually need to know to keep making money. Our real estate expert hosts take a quick break from bragging about their vintage boats to explain why the housing market is feeling...

Every two weeks Tristan Ahumada, Saul Klein, and John Reilly look at the headlines and wonder if the drama will finally slow down, but the friction in the real estate market just keeps accelerating. This episode breaks down the massive clash between industry giants, focusing on the legal feud between Zillow vs Compass and how Chicago’s MRED and the Northwest MLS got dragged into the mix. Saul take...

The real estate market operates on a massive pile of data that most people ignore until it gets sold back to them for a premium. Tristan Ahumada, Saul Klein, and John Reilly gets into why portals like Zillow and Compass are obsessed with controlling listings before they even hit the open market. This episode breaks down the move toward private listing networks and why "Team Zillow" and "Team Compa...

The real estate industry moves fast, but Tristan Ahumada, Saul Klein, and John Reilly move slightly faster (mostly because Saul won't let John retire). In this episode of The Update, we pick apart the massive MLS consolidation happening in Florida. Combining 93,000 agents sounds like a great way to ensure nobody agrees on what to call a "bedroom," but we look at why realtor associations are rushin...

Tristan Ahumada and Saul Klein break down the legal and digital mess currently surrounding real estate listings. This episode examines who actually owns real estate data and why that control dictates your bottom line. While the Compass vs. Northwest MLS lawsuit makes waves, the industry sits at a breaking point because of the rise of private networks. Some big brokerages keep the best inventory aw...

Grab your green beer (or a chest-mounted office plant) and settle in. In this episode of The Update, Tristan Ahumada and John Reilly break down why the traditional MLS might be losing its grip as heavy hitters like Zillow, Compass, and Redfin redraw the battle lines. We’re going into the Hana Holdings (Davis vs. Hanna Holdings) case and how the new Hana List is leveraging private listing networks...

Welcome back to The Update with Tristan Ahumada, Saul Klein, and John Reilly. If you thought the real estate industry could breathe easy after the antitrust settlements, think again. The legal "flavor of the year" has arrived, and it’s called RESPA violations. In this episode, we’re breaking down the massive class-action lawsuits hitting Zillow, Rocket Mortgage, and Veterans United. We look at how...

Welcome back to The Update, where Tristan Ahumada, Saul Klein, and John Reilly discuss why waking up as a real estate professional feels like dodging a subpoena.   In this episode, we plunge into Rocket Mortgage lawsuit and the Zillow RESPA violation. Apparently, attorneys ran out of things to do, so they found a "new" loophole involving RESPA violations regarding steering and undisclosed referral...

This episode of The Update is for anyone trying to understand why real estate still feels unstable long after the headlines moved on. Tristan Ahumada, Saul Klein, and John Reilly break down what’s actually happening behind the scenes: the unresolved NAR settlement, growing MLS fragmentation, the rise of private listing networks, and why Zillow and Compass are no longer just platforms but power cen...

Episode 42 of The Update is here, and shocker, the real estate industry is still very dramatic. Tristan Ahumada, Saul Klein, and John Reilly break down the latest NAR updates, brokerage decisions, and housing market news from December 16, 2025, without yelling “crisis” every five minutes. This episode covers real estate news 2025, NAR policy changes, brokerage strategy, housing market trends, real...

Zillow is back in court. Again. Because apparently one lawsuit just is not enough. In this episode, Tristan Ahumada, Saul Klein, and John Reilly break down the latest legal headaches facing Zillow, including the Compass listing access fight, the ongoing RESPA class action lawsuit, and what this all could mean for agents who played along. We talk Zillow bans, MLS rules, discovery drama, electronica...

Episode 40 of The Update digs into the biggest real estate news hitting every headline right now. Tristan Ahumada, Saul Klein, and John Reilly break down the NAR MLS rule changes, the fallout from years of antitrust pressure, and why this shift matters for agents across the US. We cover the states already living under open MLS rules, how the Paulson and Thompson decisions shaped the landscape, and...

After what was supposed to be a “summer break” that somehow lasted through fall, Tristan Ahumada, Saul Klein, and John Reilly crawl out of the real estate rubble to find that the industry didn’t exactly calm down while they were gone. Between the Compass–Anywhere merger, the Zillow vs. Compass lawsuit, MLS drama, and enough real estate litigation to fill a Netflix docuseries, this episode has all...

The real estate market is changing fast, and hosts Tristan Ahumada, Saul Klein, and John Reilly are pulling back the curtain on what’s really happening.   From the surprise rise in buyer agent commissions to billion-dollar lawsuits against NAR, Sitzer Burnett, and Gibson, this episode dives into the biggest legal and compliance battles shaping real estate today. The trio unpacks DOJ vs NAR, antitr...

In this episode, Tristan Ahumada, Saul Klein, and John Reilly talk through real estate updates that matter right now. They start with how RESPA rules are being looked at more closely, especially with Redfin’s W-2 setup and their connection with Rocket Mortgage. The way agents get paid and how referrals work could be affected, and the team walks through what’s happening and what to pay attention to...

This episode gets deep into the brewing civil war in real estate. Tristan Ahumada, together with industry veterans Saul Klein and John Reilly, broke down the growing tension between brokers over MLS listings, office exclusives, and the rising influence of portals like Zillow and Homes.com . They covered the listing-as-a-marketing-asset mindset, NAR’s Clear Cooperation Policy, and what happens when...

The real estate world is undergoing a seismic shift and it's not slowing down. In Episode 35 of The Update, hosts Saul Klein and Tristan Ahumada are joined by legal and industry expert John Reilly for a power-packed conversation that breaks down today’s most pressing real estate changes.   Explore real estate’s biggest shifts in this episode of The Update as Saul Klein, Tristan Ahumada, and John R...

The real estate industry is shifting fast. this episode breaks down the most urgent updates from Zillow, Compass, NAR, and Homes.com that every pro needs to know.   Tune in as Tristan Ahumada, Saul Klein, and John Reilly unpack key disruptions reshaping the future of listings, compliance, and broker strategy.   Covered in this episode: Compass vs. MLS rules – Why their new strategy is raising eyeb...

This episode of The Update delivers urgent insights into how the DOJ’s growing influence, NAR’s latest rule changes, and Roger Alford’s appointment are set to reshape the industry. Join Tristan Ahumada, Saul Klein, and John Reilly as they unpack: The future of the Clear Cooperation Policy (CCP) What delayed marketing and exempt listings mean for agents The real differences between IDX, VOW, and sy...

Major legal shifts are reshaping the real estate industry, with lawsuits that could fundamentally change how agents, brokers, and buyers operate.   Tristan Ahumada, Saul Klein, and John Reilly led an exclusive discussion covering: Key real estate lawsuits and their implications How commission structures and regulations are evolving Actionable strategies to navigate the shifting legal landscape   S...

Discover the impact of the Supreme Court’s decision to deny NAR’s appeal and how it shifts the landscape for MLSs, compensation, and industry practices.   Episode Highlights: NAR vs. DOJ: Explore the implications of the DOJ's increased oversight on MLS policies. CCP Under Fire: Analyze the potential changes to the Clear Cooperation Policy and its effect on private listings. Featuring industry expe...

Podcast Description for Episode 30: "Is NAR Falling Apart at a Local Level or Is Everything Going as Planned?"   Is the National Association of Realtors (NAR) facing disarray at the local level, or is this part of a calculated evolution? In this episode of The Update, industry leaders Tristan Ahumada, Saul Klein, and John Reilly unravel the complexities surrounding NAR’s shifting dynamics and what...

Discover the latest developments shaping real estate. This episode dives into the RealPage case, antitrust implications, and how technology is reshaping the industry.   Key Highlights: The RealPage Case: Explore its antitrust impact and DOJ scrutiny of market practices. Technology's Role: How giants like Amazon and Google may disrupt the real estate space. Future Prep: Insights to help agents, bro...

The Update By Saul Klein and Tristan Ahumada   Get ready for a deep dive into the future of real estate legalities and compliance. Join industry leaders Tristan Ahumada (CEO of Lab Coat Agents), Saul Klein (Real Estate Internet Evangelist), and John Reilly (Real Estate Educator & Attorney) for an essential webinar on November 26, 2024.   What You’ll Learn: The NAR Settlement: What it means for...

Discover what’s next for the real estate industry as the National Association of Realtors (NAR) faces unprecedented challenges.   In this exclusive episode, Tristan Ahumada, Saul Klein, and John Reilly dive into the shifting dynamics impacting real estate professionals today.   What You’ll Learn: The legal challenges NAR is facing How DOJ scrutiny could reshape the future of real estate Key strate...