Byron Lazine and Nicole White discuss a proposal from the Department of Justice (DOJ) to put an end to seller-paid commissions for buyer agents and a response from the National Association of Realtors (NAR). Watch the Real Word episode 308 with Notorious ROB, โ€œKetchmark vs Lamacchia Commission Lawsuit Debate: Notorious R.O.B. Speaks Outโ€: https://www.youtube.com/watch?v=8Ihm7BX2g08 ๐๐ž๐œ๐จ๐ฆ๐ž ๐š ๐ฆ๐ž๐ฆ๐›๐ž๐ซ ๐จ๐Ÿ ๐๐€๐Œ๐ฑ: https://bamx.uscreen.io/pages/subscribe Use discount code REALWORD for 10% off your annual subscription! ๐‘๐ž๐ฆ๐ข๐ง๐๐ž๐ซ๐Œ๐ž๐๐ข๐š: 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. Thatโ€™s what we do for you โ†’ https://remindermedia.com/bamsample/ 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/doj-proposes-an-end-to-seller-paid-commissions-for-buyer-agents/# https://www.inman.com/2024/02/23/nar-breaks-silence-on-doj-call-to-decouple-commissions/ Timestamps: 00:00-01:38 Intro 01:39 Topicโ€”DOJ Proposes An End To Seller-Paid Commissions For Buyer Agents 03:06 โ€œHereโ€™s the big takeawayโ€ฆ.โ€ 05:36 โ€œItโ€™s not โ€˜could this happen?โ€™ Itโ€™s โ€˜this is happeningโ€™โ€ฆ.โ€ 06:49 Nicole on buyers submitting offers asking the seller to pay their agentโ€™s commission 08:57 Stephen Brobeck quote from Inman article (CFA hails DOJโ€™s proposal & NARโ€™s response) 18:09 โ€œThere are so many additional layers to all thisโ€ฆโ€ 19:01 NAR Pres. Kevin Sears: โ€œThe way we operate our business is going to changeโ€ฆ.โ€ โ€”โ€”โ€” BAM PARTNERS ๐Œ๐จ๐ฌ๐š๐ข๐ค 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 โ†’ https://www.mosaik.io/ ๐•๐ฎ๐ฅ๐œ๐š๐ง๐Ÿ•: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY โ†’ https://www.vulcan7.com/bam/ ๐•๐ข๐ซ๐ญ๐ฎ๐๐ž๐ฌ๐ค: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee โ†’ https://myvirtudesk.com/contact?promocode=BAM200 ๐๐ซ๐จ๐ฉ๐’๐ญ๐ซ๐ž๐š๐ฆ: The most trusted provider of comprehensive real estate data nationwide. Try it FREE โ†’ https://signup.propstream.com/name ๐’๐ข๐ฌ๐ฎ: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% โ†’ https://sisu.grsm.io/bam-pod-partners โ€”โ€”โ€” #departmentofjustice #nationalassociationofrealtors #commissions

The Real Word

The Real Word

NAR Addresses DOJโ€™s Seller Commission Proposal | The Real Word 309

FEB 27, 202422 MIN
The Real Word

NAR Addresses DOJโ€™s Seller Commission Proposal | The Real Word 309

FEB 27, 202422 MIN

Description

Byron Lazine and Nicole White discuss a proposal from the Department of Justice (DOJ) to put an end to seller-paid commissions for buyer agents and a response from the National Association of Realtors (NAR). Watch the Real Word episode 308 with Notorious ROB, โ€œKetchmark vs Lamacchia Commission Lawsuit Debate: Notorious R.O.B. Speaks Outโ€: https://www.youtube.com/watch?v=8Ihm7BX2g08 ๐๐ž๐œ๐จ๐ฆ๐ž ๐š ๐ฆ๐ž๐ฆ๐›๐ž๐ซ ๐จ๐Ÿ ๐๐€๐Œ๐ฑ: https://bamx.uscreen.io/pages/subscribe Use discount code REALWORD for 10% off your annual subscription! ๐‘๐ž๐ฆ๐ข๐ง๐๐ž๐ซ๐Œ๐ž๐๐ข๐š: 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. Thatโ€™s what we do for you โ†’ https://remindermedia.com/bamsample/ 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/doj-proposes-an-end-to-seller-paid-commissions-for-buyer-agents/# https://www.inman.com/2024/02/23/nar-breaks-silence-on-doj-call-to-decouple-commissions/ Timestamps: 00:00-01:38 Intro 01:39 Topicโ€”DOJ Proposes An End To Seller-Paid Commissions For Buyer Agents 03:06 โ€œHereโ€™s the big takeawayโ€ฆ.โ€ 05:36 โ€œItโ€™s not โ€˜could this happen?โ€™ Itโ€™s โ€˜this is happeningโ€™โ€ฆ.โ€ 06:49 Nicole on buyers submitting offers asking the seller to pay their agentโ€™s commission 08:57 Stephen Brobeck quote from Inman article (CFA hails DOJโ€™s proposal & NARโ€™s response) 18:09 โ€œThere are so many additional layers to all thisโ€ฆโ€ 19:01 NAR Pres. Kevin Sears: โ€œThe way we operate our business is going to changeโ€ฆ.โ€ โ€”โ€”โ€” BAM PARTNERS ๐Œ๐จ๐ฌ๐š๐ข๐ค 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 โ†’ https://www.mosaik.io/ ๐•๐ฎ๐ฅ๐œ๐š๐ง๐Ÿ•: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY โ†’ https://www.vulcan7.com/bam/ ๐•๐ข๐ซ๐ญ๐ฎ๐๐ž๐ฌ๐ค: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee โ†’ https://myvirtudesk.com/contact?promocode=BAM200 ๐๐ซ๐จ๐ฉ๐’๐ญ๐ซ๐ž๐š๐ฆ: The most trusted provider of comprehensive real estate data nationwide. Try it FREE โ†’ https://signup.propstream.com/name ๐’๐ข๐ฌ๐ฎ: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% โ†’ https://sisu.grsm.io/bam-pod-partners โ€”โ€”โ€” #departmentofjustice #nationalassociationofrealtors #commissions