Keller Williams Commission Settlement: Know This Before Presenting Contract | Knowledge Brokers 055

Byron Lazine and Tom Toole discuss the Keller Williams settlement, what that means for the National Association of Realtors, the Ryan Serhant interview, what it means to work for the deal, this week’s FOMC meeting, a script from Tom Toole, the all-time high for luxury home prices, and a Grant Cardone prediction.

Grab your seat for the first BAM virtual event of 2024 — BAM Pro Bowl — on February 7th!

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Also, don't miss BAM's interview with Ryan Serhant! Watch it here: BAM interview of Ryan Serhant: https://www.youtube.com/watch?v=tUgLbfch-j4

Get Tom Toole's 2024 Market Script:

https://mailchi.mp/nowbam/tom-toole-2024-market-script

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Resources:

https://www.redfin.com/news/luxury-housing-market-q4-2023/

https://www.resiclubanalytics.com/p/whats-happening-housing-inventory-right-now-told-3-charts

https://nowbam.com/keller-williams-becomes-the-third-to-settle-in-sitzer-burnett-agrees-to-pay-70-million/

Timestamps:

00:00–00:44 Intro

00:44 Keller Williams settlement for Sitzer/Burnett, et al

04:43 That’s going to leave NAR on an island by themselves…

11:40 The likelihood of NAR revitalizing itself at this point…

16:52 The BAM–Ryan Serhant interview

17:44 Serhant on smaller brokerages

18:30 Biggest takeaway from the lawsuits: Don’t watch for NAR to save your ass

20:47 Script for talking to consumers about the lawsuits

29:21 When you work for the deal you have to know all aspects of the deal…

40:23 Fed didn’t raise rates

43:14 Tom Toole script

44:06 Resiclub (chart: “Active U.S. housing inventory”)

45:06 Luxury listings: Redfin report from today’s Hot Sheet (Redfin charts)

50:17 Grant Cardone prediction

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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/

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