Knowledge Brokers Podcast

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

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

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

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

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

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

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/

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.

Tom Toole and Lisa Chinatti discuss Steve Harney's passing, President Biden's new housing initiatives, Sitzer/Burnett plaintiffs requesting a payout, Jerome Powell's senate hearing, Fannie Mae home price expectations, what it means to be an A-player vs top-producer, and why the Silver Tsunami is not coming. 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/freddie-mac-silver-tsunami-will-gradual-reduction-9-million-boomers-exit-housing-market-2035 https://nowbam.com/biden-announces-5000-mortgage-relief-credit-and-incentives-to-build-more-homes/ https://nowbam.com/100-housing-experts-see-increased-home-price-growth-and-6-mortgage-rates-in-2024/ https://nowbam.com/the-income-needed-to-buy-a-home-has-jumped-80-since-2020/ https://www.resiclubanalytics.com/p/freddie-mac-silver-tsunami-will-gradual-reduction-9-million-boomers-exit-housing-market-2035 Timestamps: 00:00–00:39 Intro 00:39 Steve Harney, the “oracle of real estate,” passed away Sunday, March 3, 2024 05:25 President Biden’s housing initiatives: $5K-$10K tax credit & homebuilder incentives 08:31 Mortgage Bankers Association article on Biden plan + why Tom doesn’t like the plan 11:33 Plaintiffs of Sitzer/Burnett have requested a payout of their fees 14:23 On Thursday, Jerome Powell spoke before senate banking committee (Resiclub) 15:58 Fannie Mae home price expectations (BAM article/chart) 17:13 How are you sharing this with consumers? 18:07 Lisa’s answer: local market trends 19:26 Tom’s answer: the cost of waiting calculation 23:15 The biggest wealth is owning real estate 24:36 What does it mean to be an A-player? 28:41 Nick Saban quote 30:41 Job report topic/credit report (increasing consumer debt) & affordability 34:00 80% more expensive to buy a home since COVID (BAM article) 36:12 “We live in this era of the side hustle...” 37:09 "People think they could work another job & be really successful at real estate…" 38:58 If you want to get paid like a CEO you have to work like a CEO… 40:44 “Silver tsunami” topic: "It’s not coming…” (Lisa) + Lance Lambert chart 42:30 “This plan isn’t going to work…” (Tom) 43:01 It’s International Women’s 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 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 ——— #JeromePowell #housingaffordability #Biden

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