The NAR Settlement and the Future of Real Estate Commissions

#mortgageadvisor #mortgagecoach #mortgagebanker ⭐️ Unlock the Secret REALTOR Referrals here: www.mortgagemarketing.pro ================================== Subscribe and Listen to the Podcast HERE:📱 ================================== ➡︎YT: @MortgageMarketingRadio ➡︎Apple: https://apple.co/4aNr3qd ➡︎Spotify: https://spoti.fi/3vL0Byv Today we're diving deep into the seismic shifts shaking up the real estate industry with my guest, James Kleimann, Newsroom Manager at ‪@HousingWire‬ and a sharp observer of real estate trends. We'll tackle the repercussions of the Department of Justice's hard look at real estate agent practices, and unpack the landmark $418 million NAR settlement. ⏰ Timecodes ⏰ 04:30 Missouri lawsuit alleges unfair real estate practices. 08:45 Home sale could mean compensation; commission unfair. 11:38 Pre-sale agreement clarifies costs and responsibilities. 16:07 Professional agents need signed agreements to get paid. 17:40 90/10 rule: Professionalism lacking in real estate. 21:35 Cooperative compensation set up for real estate deals. 25:27 Summary: Buyer broker representation, compensation terms, and affordability. 27:24 Impact of agreement on NAR members uncertain. 30:39 NAR benefited top people, faced warning signs. 34:24 MLS commission affects property visibility for sellers. 37:27 Transitioning broker agent compensation out of MLS. 41:52 Rebnie is like NAR for New York. =========================== Here are the ways to work with us: =========================== ⚡️CASE STUDY: Closing $36 Million in Agent Referrals: https://bit.ly/rethinkguide ⚡️FREE BOOK: Get Disrupt or Die: https://bit.ly/3RMkONc ⚡️Join our Podcast Community: https://bit.ly/2NHCtW8