Buyer Agents Must Adapt To Win 2024 | Knowledge Brokers Podcast 059

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the Nosalek settlement and the DOJ’s proposal, what it will take for buyer agents to adapt, brokerages with minimum commission rates, rising inventory and agent messaging, and key talking points for today’s listing appointment playbook. Watch the BAM interview with Mosaik founder Sheila Reddy: https://www.youtube.com/watch?v=HCFpxiZFUgE 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. 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 Timestamps: 00:00–01:25 Intro 01:25 Lisa on local (MA) perspective on the Nosalek settlement & the DOJ complaint 06:17 Agents are going to have to do more with less. 09:12 Buyer agents will need to diversify their expertise to stand out 17:50 80%+ of Zillow’s income is based on buy-side commissions 19:00 What about brokerages that require approval for commissions under a certain %. 26:45 “I don’t think brokers should ever be in a position where they have minimums…” 30:43 “Can a broker have that position where ‘We don’t take less than X%?’” 41:11 Rising inventory & agent messaging (pricing at today’s number) 46:04 Key talking points for today’s listing appointment playbook ——— 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 ——— #commissions #DOJ #listingappointments