Will 2024 Really Be The Year of 5% Rates? | Knowledge Brokers 056

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the Jerome Powell interview on 60 minutes, comments by NAR president Kevin Sears on the DOJ lawsuit, three reasons people want to hear from you, value-based follow-up, being the best negotiator, and a must-learn script to build loyalty. Read Lisa Chinatti’s BAM article: “What to Say to ‘On the Fence' Sellers”: https://nowbam.com/what-to-say-to-on-the-fence-sellers/ 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription. 𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/ Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1 Join the 5AM Call: https://5amcall.com/ Timestamps: 00:00–00:37 Intro 00:37 Jerome Powell’s interview on 60 Minutes 02:00 Comments from Jerome Powell on mortgage affordability, 2008, etc. 05:04 Home prices & inflation 07:53 Office-to-apartment conversion (Lance Lambert) 13:26 David Childers’ Pro Bowl prediction: “This will be the year of the 5s.” 15:19 Value-driven follow-up is crucial 18:14 The biggest mistake agents make when a consumer is 4-5 months from buying 20:27 Handwritten notes 22:15 Three reasons why people want to hear from you 24:08 Comments from NAR president Kevin Sears on DOJ lawsuit 29:05 Buyer side representation and being the best negotiator 34:32 “How is the president of NAR using a buyer agency contract for the first time…?” 37:49 A must-learn script to build loyalty ——— Connect with Byron Lazine: https://www.instagram.com/byronlazine Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/ Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/ ——— BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers. Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka. Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate Check out BAM: https://nowbam.com/ ——— BAM PARTNERS 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/ 𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/ 𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200 𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name 𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners ——— #jeromepowell #nationalassociationofrealtors #housingshortage