The Real Word

Byron Lazine and Nicole White discuss the future of the National Association of Realtors (NAR), what they expect for the organization in 2024, and key NAR-related takeaways from the BAM-1000Watt agent sentiment survey for October 2023. Become a member of BAMx: https://bamx.uscreen.io/pages/subscribe Use discount code "FROSTY" for 25% off your annual subscription or your first month of membership. Sign up before the sale ends today (January 2, 2024) at 11:59 pm ET. Agent Sentiment Toward NAR: https://nowbam.com/nar-lawsuit-scandal-fallout-consumer-agent-perspectives/ Download the full report from BAMx: https://bamx.uscreen.io/programs/october-2023-agent-sentiment-report?category_id=156975 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/nar-lawsuit-scandal-fallout-consumer-agent-perspectives/ https://nowbam.com/the-future-of-nar-what-lies-ahead-in-2024/ Timestamps: 00:00–01:19 Intro 01:19 #1 — What’s next for NAR? 06:04 Byron’s and Nicole’s NAR predictions for 2024 09:22 #2 — Key takeaways from the BAM-1000Watt agent sentiment survey results ——— BAM PARTNERS 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 → https://www.mosaik.io/ 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 #1000Watt #realestateagents

Byron Lazine and Nicole White discuss a Grant Cardone "Renter Nation" TikTok where he suggests the possibility of 40-, 50-, 60-, and even 100-year mortgages in our lifetime. Byron and Nicole react to Cardone's video, addressing the question of whether homeowners really own their homes and tying in available data on average mortgage length. Become a member of BAMx: https://bamx.uscreen.io/pages/subscribe Use discount code "FROSTY" for 25% off your annual subscription or your first month of membership. Sign up before the sale ends on January 3rd, 2024. 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://www.tiktok.com/@grantcardone/video/7308915305680620830 https://www.rocketmortgage.com/learn/average-mortgage-length Timestamps: 00:00–00:58 Intro 00:59 Topic: Grant Cardone Video: Do You Think We Will See A 100 Year Mortgage? 02:21 Grant Cardone “Renter Nation” TikTok 07:55 “Rent the Runway” 13:35 Will we see a 40-, 50-, 60-, and even 100-yr mortgages in our lifetime? 14:50 Average mortgage length is just under 10 years (Rocket Mortgage Pop Up) ——— 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 ——— #RocketMortgage #GrantCardone #renternation

Filming the 300th episode in their new development at 66 High Street, Byron Lazine and Nicole White discuss whether agents are entitled to 1.5% of Toll Brothers and Ken Pozek’s response to a Rick Palacios Tweet before delving into some of the podcast’s most memorable moments and answering questions from the live sit-in audience. 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: Toll Brothers audio link (starts at 59:06): https://www.youtube.com/watch?feature=shared&t=3546&v=c--fPYQDA_M Rick Palacios Tweets: https://twitter.com/RickPalaciosJr/status/1732568227102986412 Timestamps: 00:00-06:00 Intro: The Real Word’s 300th episode 06:08 Topic #1: How Toll Brothers think about their bottom line 06:48 Tweet from Rick Palacios 07:23 Toll Brothers audio 09:55 Ken Pozek response to Rick Palacios Tweet 25:30 “If you’re that agent… you’re not going out of business.” 27:38 Q&A: “What is the #1 thing you hope people take away from the podcast?” 28:22 “What has been the biggest challenge for you two [with the podcast]?” 29:50 Flashback from early TRW episode w/ The Broke Agent 30:46 “What’s your favorite place you guys recorded The Real Word?” 31:50 “What is the best feedback you’ve received from a listener?” 33:03 “Do you guys have a favorite guest on TRW?” 34:33 “What’s your vision for how the podcast evolves in the next 300 episodes?” ——— 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 ——— #realestateagents #podcasting #tollbrothers

Byron Lazine and Nicole White discuss a Seattle-based Coldwell Banker franchise stepping away from NAR, an approximate trial date for the Moehrl commission trial, and consumers rooting for a housing market crash. 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/seattle-based-coldwell-banker-franchise-steps-away-from-nar/ https://nowbam.com/judge-sets-moehrl-trial-for-q4-2024-despite-nar-objections/ https://nowbam.com/rooting-for-a-housing-crash-heres-what-your-clients-think-is-coming-in-2024/ Timestamps: 00:00–00:46 Intro 01:49 #1–Seattle-based Coldwell Banker franchise steps away from NAR 14:58 #2—Judge sets Moehrl trial for Q4 2024 despite NAR objections 21:35 LendingTree survey: 35% of consumers are rooting for a market crash 24:05 Next week’s episode #300 (with a live sit-in audience) ——— 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 ——— #housingcrash #realestatenews #coldwellbanker

Byron Lazine and Nicole White break down an email from CoStar CEO Andy Florance, sending a clear message to Wall Street Journal and Realtor.com. Become a member of BAMx: https://bamx.uscreen.io/pages/subscribe Use discount code BLACKFRIDAY for 20% off your subscription! Sale ends Friday, 11/30, and membership cost doubles on December 1st. 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/ Timestamps: 00:00–01:22 Intro 01:22 Costar CEO swings back after a “cheap shot” from Realtor.com 03:32 Homes.com had a booth at NAR NXT 04:34 Here’s where Homes.com and portals like Realtor.com or Zillow are very different… 07:11 Here’s the argument against ‘Your listing, your lead.” 08:45 From the email: “Homebuyers prefer Homes.com because…” 11:00 Dual agency: Where each one stands 14:11 “Competitors are lashing out…making false statements against Homes.com.” 14:30 Bob Evans called out for accusing Homes.com of working against real estate agents 15:19 “Homes.com is the most pro-agent portal in the industry…” 16:49 Ketchmark no longer speaking at Inman Connect 19:45 Florance addressing what Realtor.com senior vice president “failed to tell you…” 20:24 The WSJ spin piece that went out on Day 1 of Sitzer/Burnett 22:11 You can’t dispute anything Florance says in his email. 22:43 WSJ article titles and quotes: “...a more economically productive line of work” 26:31 Calling out the Wall Street Journal — and Florance’s response to Realtor.com 29:53 The best CEO in the real estate space 33:41 Episode 300 on December 11th – live audience recording at 66 High Street ——— 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 ——— #realtor.com #wallstreetjournal #costar

Byron Lazine and Nicole White discuss a video message from NAR interim CEO Nykia Wright, NAR’s lobbying spend in 2022, Michael Ketchmark’s close ties with the DOJ and his upcoming appearance at Inman Connect, and the #CancelInman movement. 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: Andrea Brambila Tweet: https://twitter.com/InmanAndrea/status/1725563627149894035 #CancelInman (Facebook): https://www.facebook.com/hashtag/cancelinman/ Ken Pozek Facebook post: https://www.facebook.com/kenpozek/posts/pfbid02vCzL33E1AC4fVJP9VkKDNzcqm3oBeC7C1mY3ChbQqUVJHqsCRXqMN5KxS2ASQPStl Timestamps: 00:00–01:12 Intro 01:53 The NAR NXT event 03:30 Andrea Brambila NAR tweet & interim CEO Nykia Wright’s video message 10:18 Biggest lobbying spenders in 2022 (w/ NAR at the top) 15:18 Michael Ketchmark, the DOJ, and #CancelInman 18:48 NAR is confident of its appeal 20:21 Why is Michael Ketchmark speaking at Inman Connect? 21:18 “I hate this business model for Inman…” ——— 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 ——— #CancelInman #MichaelKetchmark #SitzerBurnett

Byron Lazine and Nicole White discuss comments on the New York Times’s coverage of the Sitzer/Burnett verdict, NAR President Tracy Kasper’s message about an appeal, and another lawsuit being filed against the industry—this one by home buyers. 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/nyt-coverage-of-the-sitzer-burnett-verdict-was-the-most-commented-on-article-of-the-day/ https://www.nar.realtor/videos/post-verdict-guidance-from-nar-president-tracy-kasper https://www.housingwire.com/articles/illinois-homebuyers-file-second-commission-lawsuit-and-it-may-be-the-largest-one-yet/ Timestamps: 00:00--01:30 Intro 03:54 Topic #1: Comments on NYT Coverage of the Sitzer/Burnett verdict 13:27 Topic #2: NAR President Tracy Kasper on filing an appeal 20:30 Topic #3: New industry lawsuit filed by home buyers ——— 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 ——— #Sitzer/Burnett #homebuyers #NAR

On this special episode of The Real Word, Byron Lazine and Nicole White discuss yesterday’s verdict announcement for the Sitzer/Burnett trial, reactions from real estate professionals, what we can expect, and what it means for the real estate industry. 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://www.youtube.com/watch?v=rnG-8ZoHT0o (“Breaking News: Sitzer/Burnett Verdict In”) https://nowbam.com/the-verdict-is-in-the-sitzer-burnett-jury-awards-plaintiffs-1-785-billion/ https://nowbam.com/whats-next-for-the-real-estate-industry-reactions-to-the-sitzer-burnett-verdict/ Timestamps: 00:00–00:32 Intro 02:14 “I was shocked with the ultimate decision… ” 02:53 This is the first of what will likely be many trials. 07:16 NAR attorney talked down to the jury 08:21 “Those five witnesses for the plaintiffs, where were their five agents?” 10:22 NAR’s pathetic legal defense (and misuse of member dues) 11:06 “Now, you’re faced with a national lawsuit.” 12:22 The jury said yes to four out of the five questions. 13:06 NAR reaction to the Sitzer/Burnett verdict 15:05 “Is there any scenario where NAR would consider settling?” 16:21 Byron’s 90-minute live coverage (w/ open phone line) 17:41 Clips from yesterday’s pre-verdict episode of The Real Word ——— 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 ——— #nar #commissionlawsuit #nationalassociationofrealtors

Byron Lazine and Nicole White discuss Week 1 of the Sitzer/Burnett trial, defendant testimonies for Days 6 and 7 (Week 2), an article criticizing Mike Ferry training scripts, red herrings, and a poll on what a plaintiff victory could mean for buyer agent commissions. 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://www.inman.com/2023/10/16/sitzer-burnett-live-updates-from-the-buyer-agent-commission-trial/ https://www.inman.com/2023/10/23/closing-at-all-costs-are-your-training-materials-too-aggressive/ https://nowbam.com/plaintiffs-wrap-up-nar-begins-testimony-day-6-of-sitzer-burnett-trial/ Timestamps: 00:00–00:32 Intro 00:32 Week 2 of Sitzer/Burnett: “Be careful when the rabbit gets the gun.” 06:10 The big takeaway from Week 1 / plaintiff testimony 09:33 What the plaintiffs’ attorneys are focusing on regarding the “conspiracy” 10:31 Article on Mike Ferry training materials/scripts 14:21 What will happen to commissions if buyer agents could not receive commission from the listing broker? 16:07 Testimony from Sharon Millett, former NAR president (Monday, Oct 23) 17:18 NAR CEO Bob Goldberg on the stand 19:32 Lack of evidence and red herrings ——— 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 ——— #nar #agentcommission #nationalassociationofrealtors

Byron Lazine and Nicole White discuss the Sitzer/Burnett trial and jury selection, the opportunity this trial represents for the National Association of Realtors (NAR), a Notorious R.O.B. Tweet, the potential cost of a ruling in favor of the plaintiffs, and a misleading Wall Street Journal editorial. Tell us your thoughts on NAR in this 3-minute survey: https://wss.pollfish.com/link/bd78433b-8053-4afc-bb00-8e92882e6aa5 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://twitter.com/robhahn/status/1714025465705578963 https://www.wsj.com/articles/burnett-v-national-association-of-realtors-home-buyers-sellers-brokers-commission-7e58fda0 https://www.housingwire.com/articles/datadigest-what-happens-if-1-million-real-estate-agents-disappear/ https://www.realestatenews.com/2023/10/16/jury-selection-underway-in-landmark-sitzer-burnett-trial Timestamps: 00:00–00:38 Intro 00:38 The Sitzer/Burnett trial and the WSJ editorial 02:16 Tweet by Notorious R.O.B. – “The fate of the real estate industry…” 04:32 The opinion piece by the Wall Street Journal 08:05 Byron calls out WSJ for the inaccuracies in their editorial 17:34 “If shared commission is banned….” (Keefe Bruyette Woods report) 20:29 This is NAR’s last-ditch opportunity to show members extreme value ——— 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 #narlawsuit #nar