Industry Relations Industry Podcast Mash-Up
Aug 28, 2024
James Dwiggins and Keith Robinson, co-hosts of Real Estate Insiders Unfiltered, dive into juicy industry insights from Inman Connect Las Vegas. They tackle the complexities of commission sharing and the impact of MLS changes. The duo discusses AI's role in transforming real estate searches and the ongoing challenge of housing affordability. They also explore emerging financing solutions for buyer agent compensation and the dynamic landscape of mega teams and super agents, all while keeping the conversation lively and engaging.
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Episode notes
Risks of Using Association Forms
- Using state association forms may risk conspiracy charges, especially if commission sharing is involved.
- Brokers must evaluate forms carefully to avoid liability and consider custom forms if needed.
Avoiding MLS Fines
- Agents must understand new MLS rules to avoid fines for improper disclosures.
- Brokers should train agents thoroughly to prevent account suspensions and fines.
Unintended Consequences of New Compensation Model
- The new buyer compensation disclosure system may cause unintended issues like steering risks and affordability challenges.
- It creates a more transparent but complex negotiation environment for offers.