Is NAR In Danger As Brokerages Cut Ties? | The Real Word 292

Oct 10, 2023

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Byron Lazine and Nicole White discuss the terms of the Anywhere and RE/Max settlements, NAR’s reversal on zero-percent buyer agent commission, NAR membership in the next 12–24 months, and what it will mean for businesses that depend on NAR’s chokehold on the industry. Tell us your thoughts on NAR in this 3-minute survey: https://wss.pollfish.com/link/bd78433b-8053-4afc-bb00-8e92882e6aa5 Join us for tomorrow’s Business Planning webinar (Wednesday, October 11 at 3 pm ET): https://us02web.zoom.us/webinar/register/4516964490807/WN_Fr2WbVsORESwOY4-LUGrZA#/registration Last week’s pod: https://www.youtube.com/watch?v=tmNv9i05IeY Episode with Rob Hahn aka “Notorious R.O.B.”: https://www.youtube.com/watch?v=SDI7SZctMUg Become a member of BAMx: https://bamx.uscreen.io/pages/subscribe Use discount code REALWORD for 10% off your annual subscription! Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate Connect with Byron Lazine: https://www.instagram.com/byronlazine Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ This episode's sources: https://nowbam.com/details-from-anywhere-and-re-max-settlements-no-nar-membership-needed/ https://nowbam.com/nar-changes-its-stance-and-allows-listings-with-0-buyer-commission/ https://nowbam.com/redfin-announces-it-is-leaving-nar/ Timestamps: 00:00–00:40 Intro 00:40 Recap of last week’s episode: Redfin & NAR news 02:38 NAR flip-flop—now allowing 0%/$0 buyer agent compensation 03:40 Here’s what NAR is failing at 04:56 The terms of Anywhere--RE/Max settlements 12:58 Byron’s projection on NAR membership over the next 12–24 months 14:01 “NAR has yet to show their value” – Take the survey linked below 15:14 Extreme disruption in businesses tied to NAR 18:13 “Is this an admission of wrongdoing in any way?” 23:31 “It’s really all about transparency.” ——— BAM PARTNERS 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 ——— #nationalassociationofrealtors #remax #nar