In this engaging discussion, Thad Wong and Mike Golden, co-CEOs of Christie's International Real Estate, share insights from nearly three decades of partnership. They highlight emerging trends in luxury real estate, focusing on the rising popularity of university towns as prime locations. Gen Z's eco-friendly preferences are shifting market dynamics, prompting Christie's to adapt its strategies. Additionally, they delve into appealing markets like Malta and Nicaragua, underscoring the importance of staying nimble in a constantly evolving industry.

Jason Waugh, President and CEO of Coldwell Banker Affiliates, shares his insights from years of brokerage experience. He emphasizes the critical role of empathy in leadership, especially when tough decisions must be made. Waugh discusses strategies for unifying franchise and company-owned operations and the importance of collaboration within the organization. He believes that future real estate leadership will focus on building relationships and balancing immediate challenges with long-term goals, leveraging both technology and human connection for success.

On this week’s episode of the RealTrending podcast, we welcome Michael Repka, the CEO and managing broker of DeLeon Realty, a Palo Alto-based brokerage with a unique business model of salaried agents. In this conversation, Mike and Tracey talk about DeLeon’s brokerage model and its place in the market post-NAR commission lawsuit settlement, as well as scalability and sustainability of the salaried agent model. They also talk about what the future holds for buyer’s agents and what agents need to do to demonstrate their value to consumers.Here’s a glimpse of what you’ll learn: DeLeon Realty is structured differently from traditional brokerages, with all agents being salaried and the commission going to the buyer's side. Value-added services, such as providing legal and contractor support, can set a brokerage apart and offer additional value to clients. The recent NAR settlement may lead to the emergence of new business models and services. Buyer's agents may need to demonstrate their value and offer unique services to justify their commission. The future of buyer's agents may involve a shift towards a more a la carte approach and specialized services. Related to this episode: Connect with Michael on LinkedIn DeLeon Realty The Gathering HousingWire’s YouTube Channel Enjoy the episode!The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week’s episode of the RealTrending podcast, Tracey Velt sat down with Alex Vidal, the president of ERA Real Estate. Today’s conversation is all about mindset, leadership, and challenging yourself with both personal and career goals. They discuss the power of positive thinking, and he shares his coaching strategies for helping agents develop a positive mindset and master their goals. He also discusses his vision for the future of ERA Real Estate and the real estate industry at large.Here’s a glimpse of what you’ll learn: Mindset is a key factor in real estate success. Agents can work on their mindset just like they work on their physical fitness. Practicing gratitude and positive affirmations can help agents maintain a positive mindset. Grit is essential for overcoming challenges and achieving goals in real estate. Leaders should focus on helping agents see the opportunities in the industry and develop deep, meaningful connections with clients. ERA Real Estate aims to become a brand that agents and broker-owners are raving fans of, setting an example for the rest of the industry. Related to this episode: Connect with Alex on LinkedIn ERA Real Estate The Gathering HousingWire’s YouTube Channel Enjoy the episode!The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week’s episode of the RealTrending podcast, we are joined by Craig Goodliffe, KW Maps coach and the founder and CEO of Cyberbacker, a company that provides administrative support and virtual assistant services to real estate firms.Craig and Tracey talk about the misconceptions and misinformation plaguing consumer perceptions of commissions, the comission lawsuit and subsequent settlements, as well as strategies for agents to engage in transparent commission conversations with clients. He also discusses current opportunities that he sees in the market and industry and the significance of education and financing options.Here’s a glimpse of what you’ll learn: Consumers and agents are confused about the settlement and how commissions are paid. Agents should accurately explain the value of commissions and the services they provide to buyers. Buyer agents should focus on understanding client needs and setting clear expectations. Listing agents should emphasize the benefits of higher commissions in attracting more buyers. Agents should educate themselves on financing options and affordability to better serve their clients. Related to this episode: Connect with Craig on LinkedIn KW Maps Coaching Cyberbacker The Gathering HousingWire’s YouTube Channel Enjoy the episode!The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week’s episode of the RealTrending podcast, we are joined by Jill Butler, founder of Red Key Realty Leaders, who discusses her business model, services offered, growth strategy, and the importance of culture and recruiting.She emphasizes the importance of transparency and agent’s value add to clients, mastering talent development, and her excitement for the future of the real estate industryHere’s a glimpse of what you’ll learn: Transparency and communication are key in the real estate industry, both with clients and within the brokerage. Building a strong culture and recruiting agents who align with the company's core values is crucial for success. Adapting to market changes and challenges requires strong leadership and a focus on the company's vision. Investing in talent development and providing excellent customer service can lead to growth and success in the industry. Related to this episode: Connect with Jill on LinkedIn Red Key Realty St. Louis The Gathering HousingWire’s YouTube Channel Enjoy the episode!The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch. Learn more about your ad choices. Visit megaphone.fm/adchoices

Industry expert Steve Murray discusses the implications of NAR's $418 million settlement on commission lawsuits in the real estate industry. Topics include changes to compensation offers, potential for new business models, and concerns over DOJ's role. The settlement may lead to commission compression, but savings for homebuyers may not lower prices.

On today’s episode of RealTrending, Josh Team, President of SERHANT., joins us to share his journey and how his perspective has changed since he had a heart attack after leaving Keller Williams that left him near death. Three years after his heart attack, where he spent time being a dad and husband through recovery, he’s back in the industry.He discusses the changing landscape of the real estate industry, the opportunities it presents, and how new market horizons fit into growth strategies for SERHANT., including personalized training and leveraging AI tools. Make no mistake, Team is ready to help Ryan Serhant rapidly expand the company nationally while taking big risks to do so.Here’s a glimpse of what you’ll learn: Unexpected life events can lead to massive perspective changes and a reevaluation of priorities and goals. The real estate industry is going through a changing of the guard, with new models and value being created. Collaboration and data-driven decision-making are crucial for success in leadership. Personalized training and leveraging AI can help agents focus on their strengths and provide more value to clients. Related to this episode: Connect with Josh on LinkedIn SERHANT. Serhant hires a familiar name as its first president The Gathering HousingWire’s YouTube Channel Enjoy the episode!The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week’s episode of the RealTrending podcast, we are joined by Scott Wright, a partner with RTC Consulting, the premier consulting firm for brokerage mergers and acquisitions, and business valuations for teams and brokerages. They've been collecting brokerage and team benchmarking data for the past 12 years. Tracey and Scott cover the upcoming Dealmakers Conference and talk about the importance of benchmarking data on brokerage operations, including trends that they’re seeing in brokerage expenses, gross margin and how firms are valued. They also explore some of the innovative services brokers can adopt to enhance value and productivity, and talk about recent market dynamics and M&A trends.Here’s a glimpse of what you’ll learn: Occupancy and personnel costs are the largest expenses for brokerages, and reducing these costs can significantly impact profitability. Brokers can boost their value by adding creative services, increasing productivity, and focusing on scale. Teams can have value beyond a referral fee by developing business systems and focusing on equity value. Benchmarking data is crucial for understanding how a brokerage is performing relative to its peers. Managing expenses is important, but recruiting and developing agents should be a priority for long-term success. Related to this episode: Connect with Scott on LinkedIn RTC Consulting The Gathering HousingWire’s YouTube Channel Enjoy the episode!The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch. Learn more about your ad choices. Visit megaphone.fm/adchoices

On this week’s episode of the RealTrending podcast, we are joined by Mark Johnson, the co-founder of Co-Recruit Systems and a business partner in Third Pool Recruiting Systems. He is an industry veteran and also was the former brand president and CEO of JPAR Real Estate company-owned stores, and under his leadership, they grew nearly five times.In today’s episode, he discusses the stark difference between simply recruiting and attracting talent, emphasizing the importance of company culture in attracting and retaining worthwhile agents. Mark also discusses the use of artificial intelligence in recruiting and the importance of focusing on productivity in the current market. Plus, find out the newest twist on recruiting trends.Here’s a glimpse of what you’ll learn: Recruiting is more about selling, while talent attraction is about branding and attracting agents to the brokerage's culture. Culture is a key factor in attracting and retaining agents, and it is important to communicate the culture authentically to prospective agents. Retention is a form of recruiting, and investing in existing agents can lead to increased productivity and referrals. Events that allow agents to experience the brokerage's culture are effective in both talent attraction and retention. The use of artificial intelligence and data analysis can help identify agents who are more likely to move or be successful. Time management and prioritization are crucial for success in recruiting and talent attraction. Getting closer to agents and providing value and support are essential for building strong relationships and retaining talent. Related to this episode: Connect with Mark on LinkedIn Recruiting Insight ThirdPool Recruiting The Gathering HousingWire’s YouTube Channel Enjoy the episode!The RealTrending podcast features the brightest minds in real estate. Every week, brokerage leaders, top agents, team leaders, and industry experts share their success secrets, trends, and lessons learned navigating this ever-changing industry. Hosted by Tracey Velt and produced by Elissa Branch. Learn more about your ad choices. Visit megaphone.fm/adchoices