Northwest MLS Rejects NAR Settlement, Concessions Field, 2025 Rate Forecast | Knowledge Brokers 072

On this episode of the Knowledge Brokers Podcast, Byron Lazine and Tom Toole discuss the Northwest MLS (NWMLS) decision not to opt-in to the NAR settlement, the new MLS fields launched by California Regional MLS (CRMLS), Bright MLS news, normalizing "the forms that govern a real estate transaction," 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription. Join us at BAM Mania! The Must-Attend Real Estate Event Of The Year: https://brokeagentmedia.lpages.co/bam-mania-2024/ 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. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/ Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1 Resources: https://x.com/NewsLambert/status/1795297832477323469 https://nowbam.com/nwmls-becomes-the-first-mls-to-say-no-thanks-to-nar-settlement-terms/ https://www.housingwire.com/articles/cfpb-issues-info-request-for-mortgage-closing-costs-in-assault-on-junk-fees/ https://www.housingwire.com/articles/more-than-half-of-homebuyers-dont-shop-for-a-mortgage-lendingtree/ https://www.realestatenews.com/2024/05/30/bright-mls-to-offer-expanded-concessions-field Timestamps: 00:00–01:11 Intro 01:12 NWMLS will not opt-in to the NAR settlement 02:55 NWMLS strong verbiage and Michael Ketchmark’s comment 07:49 News on California Regional MLS (CRMLS): New MLS fields 10:29 NWMLS believes NAR settlement terms could lead to more secret arrangements 11:56 Article on Bright MLS (visual) by Real Estate News 14:01 Elevating training in the industry & “the forms that govern a real estate transaction” ——— 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/ Join the 5AM Call: https://5amcall.com/ ——— 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 𝐒𝐢𝐞𝐫𝐫𝐚 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐯𝐞: Solutions That Maximize ROI. SEO powered IDX websites and a predictive CRM driven by marketing automations that help you capture, convert and close. Faster. Let's Chat → https://get.sierrainteractive.com/bam ——— #MLS #narsettlement #mortgage