Opendoor’s Boldest Move Backfires: CEO Steps Down Amid Meme Stock Rally | The Real Word 377

Byron Lazine and Nicole White discussed the Opendoor meme stock frenzy and Cash Plus offering, Redfin’s surprising report on buyer agent commissions one year after the NAR rule changes, and the truth behind the “87% of agents fail” statistic.
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🔗 This episode's sources:
https://nowbam.com/opendoor-ceo-steps-down-amid-stock-rollercoaster/
https://nowbam.com/opendoor-announced-cash-plus-then-its-ceo-stepped-down/
https://www.redfin.com/news/commissions-q2-2025/
https://www.housingwire.com/articles/a-year-after-the-real-estate-commission-changes-industry-has-dodged-doomsday/
https://www.inman.com/2025/08/18/real-estate-still-adapting-to-a-new-normal-one-year-after-new-nar-rules/
https://nowbam.com/the-truth-behind-the-87-of-agents-fail-stat/
⏰ Timestamps:
00:00–02:06 Intro
02:06 Topic 1: Opendoor CEO & Cash Plus Offering
08:40 Why Opendoor’s iBuyer model continues to struggle in today’s market
24:33 Topic 2: Buyer Agent Commissions
28:26 Why top agents are earning more in today’s market
33:56 Topic 3: The Truth Behind “87% of Agents Fail”
35:03 Warren Buffett’s take on commissions and why the system works
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#housingmarket #agentcommissions #opendoor