Knowledge Brokers Podcast

BAM Media
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May 10, 2024 • 1h 3min

Realtor.com CEO Addresses Competitors Homes.com and Zillow | Knowledge Brokers Podcast 069

The Knowledge Brokers sit down with Realtor.com CEO Damian Eales to discuss his recent Wall Street Journal op-ed advocating for buyer agency and the potential impact of the NAR settlement on commissions. Eales defends his stance, addresses criticism from competitors like Zillow’s Rich Barton, and shares Realtor.com’s position on dual agency. 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 Resources: https://mediaroom.realtor.com/2024-04-18-Realtor-com-R-Calls-on-Industry-to-Join-Campaign-to-Stand-up-for-Buyer-Representation https://www.wsj.com/articles/what-home-buyers-get-for-those-agent-commissions-86ed34ab https://nowbam.com/realtor-coms-new-campaign-advocates-for-buyer-representation-but-will-it-impact-consumer-sentiment/ https://twitter.com/Rich_Barton/status/1781090507101274241?ref_src=twsrc%5Etfw%7Ct[…]r-buyer-representation-but-will-it-impact-consumer-sentiment%2F Timestamps: 00:00 Introduction 02:25 Discussion of Damien’s op-ed piece 14:59 Critique of the op-ed 18:34 Potential changes to the op-ed 22:13 Rich Barton’s tweet about the op-ed 26:16 Realtor.com’s position on dual agency 28:33 Advertising campaign critique of Homes.com 37:02 Response to Homes.com calling Damien “defamatory and desperate” 38:53 Potential debate with Homes.com 40:43 Alignment with NAR and MLSs 44:32 NAR’s advertising campaign critique 48:38 Generating seller leads through portals 53:02 Relationship with follow-up boss CRM 54:52 Appreciation for recognizing agents as customers ——— 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/ Connect with Damian Eales: https://www.linkedin.com/in/damian-eales-37803221/ 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 ——— #realtordotcom #nationalassociationofrealtors #zillow
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May 3, 2024 • 52min

The Truth Behind Zillow’s New Touring Agreement

Tom Toole and Lisa Chinatti discuss this week’s FOMC meeting, the latest jobs report, Zillow’s new touring agreement, and the most critical skill to have as a real estate agent. 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 Resources: https://nowbam.com/wait-and-see-powell-on-rate-cuts-housing-inflation-and-market-rents/ https://www.wsj.com/economy/jobs/jobs-report-april-unemployment-a8a1ac1a https://www.zillowgroup.com/news/zillows-touring-agreement/ ——— 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 ———
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Apr 26, 2024 • 1h 15min

BHHS Settlement, NAR Interview Reaction, Inventory Outlook | Knowledge Brokers Podcast 067

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the variability in housing inventory growth, Fannie Mae’s updated projections, Byron’s Tweet tagging Adam Schefter, takeaways from the T3 Summit event, and Byron’s unfiltered interview with NAR president Kevin Sears. 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 Resources: https://www.resiclubanalytics.com/p/jbrec-northeast-housing-market-hot-floridas-housing-market-softening https://nowbam.com/nar-president-kevin-sears-takes-on-unfiltered-bam-interview/ Timestamps: 00:00–00:32 Intro 00:32 Healthy inventory growth—varying from state to state 02:07 “Connecticut is the anomaly…” 04:45 Data from Bright MLS (“It’s a little less competitive right now.”) 05:28 Chart from Lance Lambert: “Home buyers still outnumber home sellers…” (ResiClub) ——— 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 ——— #housinginventory #t360 #nationalassociationofrealtors
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Apr 19, 2024 • 51min

The TRUTH About Realtor.com's WSJ Op-Ed | Knowledge Brokers Podcast 066

Byron Lazine, Lisa Chinatti, and Tom Toole discuss the impact of proposed real estate commission changes, critique a Realtor.com article for consumer confusion, and delve into industry leadership. They explore how these changes could affect Realtor.com's business model and market dynamics. 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription. BAM Camp D.C. → https://brokeagentmedia.lpages.co/bam-camp-dc/ 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://mediaroom.realtor.com/2024-04-18-Realtor-com-R-Calls-on-Industry-to-Join-Campaign-to-Stand-up-for-Buyer-Representation https://www.wsj.com/articles/what-home-buyers-get-for-those-agent-commissions-86ed34ab Timestamps: 00:00 - 02:16 Intro 02:17 Realtor.com. Article Analysis 21:13 Commentary on Industry Leadership 34:13 Challenges in Scaling Business Models 45:05 Economic Commentary and Predictions ——— 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 ——— #realtordotcom #commissions #buyeragent
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Apr 12, 2024 • 50min

The CRM Backup Plan All Agents Need | Knowledge Brokers Podcast 065

Byron Lazine, Lisa Chinatti, and Tom Toole discuss the latest CPI data, the stock market’s reaction, mortgage rates, mortgage applications, the one-year change in active inventory across the U.S., the impact of property tax increases, 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription. BAM Camp D.C. → https://brokeagentmedia.lpages.co/bam-camp-dc/ BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/ 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.resiclubanalytics.com/p/housing-inventory-rising-across-vast-majority-countryjust-take-look-map Timestamps: 00:00–00:55 Intro 00:55 CPI data and the market’s reaction (slumping stocks & a spike in mortgage rates) 04:28 Low affordability is reflecting poorly on the folks currently in Washington 07:42 One-year change in active inventory (ResiClub chart) 10:59 The impact of property tax increases 15:09 “Economically, this is a catastrophe…” 16:52 “Tom is in the middle of a tech catastrophe…” ——— 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 ——— #realestatepodcast #realestatenews #realestatetips
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Apr 5, 2024 • 57min

Patrick Bet-David's Wild Thoughts On NAR Settlement | Knowledge Brokers Podcast 064

Byron Lazine and Lisa Chinatti discuss clips from the All In Podcast and Patrick Bet-David Podcast on the NAR settlement—including what it takes to be a trusted advisor, why specialization will be ramped up 100x, three bullet points for agent-client conversations, the "forced into 6%" narrative, and why the gap between the haves and have-nots is going to get wider. 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription. BAM Camp D.C. → Early Bird Pricing extended! https://brokeagentmedia.lpages.co/bam-camp-dc/ BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/ 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://fortune.com/2024/04/03/homebuyers-real-estate-agent-broker-why-national-association-of-realtors-settlement-commissions/ https://nowbam.com/85-of-all-sellers-report-a-high-level-of-service-from-their-agent/ Timestamps: 00:00–01:27 Intro 01:27 Two clips from other podcasts discussing the NAR settlement 08:11 Takeaways & reactions to the first clip 10:43 “If that’s what he thinks real estate agents do for him…” (Lisa) 11:50 “Consumers want a trusted advisor.” 13:40 “On the fixed pricing…” 17:23 “I think 12 months from today…” (inventory) 19:01 “There’s a reason contracts are blank.” 20:07 More from the All In Podcast: dual agency, negotiating a fee, buyer agents 25:52 Byron and Lisa break it down 27:30 The haves & have-nots: the gap is going to get wider. 28:03 Byron and Lisa comment on Friedberg’s perception of what agents do 32:57 Clip of the Patrick Bet-David Podcast 43:02 The “forced into 6%” narrative 46:24 Being a trusted advisor requires skill as a salesperson 48:28 Byron on the importance of working out commission & pricing ahead of time (and not being penny-wise and pound-foolish) 52:27 The opportunity for agents (big takeaway from the clips) ——— 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 ——— #realestatepodcast #narsettlement #commissions
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Mar 29, 2024 • 52min

President Biden Said THIS About The NAR Settlement | Knowledge Brokers Podcast 063

Byron Lazine and Lisa Chinatti discuss FHA updates to their FAQ, NAR urging a revision to VA home loan policy, President Biden’s comments on the NAR settlement, NAR’s response, Keller Williams facing lawsuits tied to its profit-sharing program, the Compass settlement, the Moehrl trial, and an article from Notorious ROB on the NAR settlement. 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription. BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/ 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://nowbam.com/fha-updates-faqs-seller-paid-agent-commissions-are-not-considered-ipcs/ https://nowbam.com/what-about-veterans-nar-urges-va-home-loan-policy-revision/ https://nowbam.com/what-president-biden-said-about-the-nar-settlement/ https://www.housingwire.com/articles/keller-williams-faces-three-lawsuits-tied-to-its-profit-sharing-program/ https://www.housingwire.com/articles/moehrl-trial-not-likely-until-january-2025/# https://nowbam.com/compass-settles-commission-lawsuits-for-57-5-million-joins-nar-keller-williams-anywhere-and-re-max/ https://notoriousrob.substack.com/p/second-take-nar-settlement-big-brokerages ——— 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 ——— #nationalassociationofrealtors #biden #settlement
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Mar 22, 2024 • 55min

Compass Settles Commission Lawsuit For $57.5 Million | Knowledge Brokers Podcast 062

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the reaction to this week’s Knowledge Broker’s panel on the NAR settlement, the opportunities for agents choosing to specialize in buyer representation, Jerome Powell’s comments after the March FOMC meeting, advice for agents moving forward, and today’s breaking news on the Compass settlement. Watch the Knowledge Brokers Panel on the NAR settlement: https://www.youtube.com/watch?v=-Qdxi6JJOuM 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription. BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/ 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://nowbam.com/compass-settles-commission-lawsuits-for-57-5-million-joins-nar-keller-williams-anywhere-and-re-max/ https://www.housingwire.com/articles/compass-settles-commission-lawsuits-for-57-5-million/ https://www.sec.gov/ix?doc=/Archives/edgar/data/0001563190/000156319024000053/comp-20240321.htm https://www.wsj.com/real-estate/real-estate-broker-compass-agrees-to-pay-57-5-million-to-settle-antitrust-claims-be5e1177?mod=hp_lead_pos5 Timestamps: 00:00–00:46 Intro 00:46 Reactions to the Knowledge Brokers Panel on the NAR settlement 01:45 This week, we cracked 200 on the Apple business category for top podcasts 03:54 Comments during the livestream—especially re: buyer agents 04:45 The opportunity for agents choosing to specialize in buyer rep 13:21 “We’ve got to approach the buy side like the sell side.” 14:36 A new process Byron and his team have adopted 20:21 “I think this is going to eliminate those who are window-shopping for fun.” 23:06 Shifting from an agent-centric model to a consumer-centric model 25:07 Non-exclusive rights to represent 27:56 Kevin Sears video (“They were unwilling to even entertain bankruptcy…”) 34:16 Jerome Powell’s statement & responses (Q&A) after the March FOMC meeting 39:57 How to move ahead if you want to stay in the business? 42:07 The three buckets 47:07 Breaking news: Compass settles for $57.5 million ——— 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/ ——— 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
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Mar 22, 2024 • 1h 30min

The NAR Settlement: What Agents Need To Know | Knowledge Brokers Podcast SPECIAL

Join Byron Lazine, Tom Toole, Lisa Chinatti and special guest Chris Giannos for a LIVE Knowledge Brokers Panel. They discuss the NAR Settlement, what real estate agents need to know, and how to move forward. 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code MADNESS for 20% off your first year or month subscription. BAM Camp D.C.: June 6, 2024: https://brokeagentmedia.lpages.co/bam-camp-dc/ ——— Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1 Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka ——— 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/ Connect with Chris Giannos: https://www.instagram.com/chris.giannos/
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Mar 15, 2024 • 47min

NAR Settles Commission Lawsuit For $418 Million | Knowledge Brokers Podcast 061

Breaking news on NAR's $418M settlement, critiques on leadership, revenue sources, terms of the settlement, and the impact on the real estate industry. Discussions on transparency, training protocols, Zillow's stock price, and adapting to changing market dynamics.

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