NAR Seeks Rehearing, VA Makes Fix To Agent Commission, & Inventory Increases | Knowledge Brokers 071

On this episode of the Knowledge Brokers Podcast, Lisa Chinatti and Tom Toole discuss NAR's petition for a rehearing of the three-judge panel decision in favor of the DOJ, VA buyers agent commissions, and the increase in housing inventory. They also share their advice for consumers, and each one's top three skills agents need to focus on right now, as well as their tips on how to prepare your business for the Memorial Day weekend.

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://www.housingwire.com/articles/va-to-roll-out-temporary-fix-to-buyer-agent-commi[…]LOS&cx_experienceActionId=showRecommendationsAE03ECM0NSUO23

https://nowbam.com/nar-seeks-rehearing-on-doj-investigation-ruling/

Timestamps:

00:00–01:03 Intro

01:03 TOPIC: DOJ vs NAR (NAR’s petition for a rehearing)

03:47 “We deal in contracts. How can we not honor them?”

06:34 Will home sellers no longer be allowed to incentivize buyers…?

08:02 “This is concerning for the future of the industry (and every industry).”

10:32 TOPIC: VA Buyers agent commission (temporary fix)

16:07 TOPIC: Increases in inventory (good news for buyers—not necessarily for sellers)

21:22 CHART: “Bright MLS Service Area—Weekly New Listings (Week ending 5/19/24)”

24:15 Lisa’s advice to consumers

28:08 Tom’s top 3 skills an agent needs to be focused on right now

32:29 Lisa’s top 3 agent skills

38:32 "What should agents be doing to prep before Memorial Day?"

———

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

———

#buyeragent #nationalassociationofrealtors #housinginventory