August 09, 2024

CFA Recommendations , Facilitators vs. Agents, & Zillow's Market Pricing Strategy | KBP 081

52 minutes

Lisa Chinatti and Tom Toole discuss the CFA’s three suggestions to consumers—including negotiating commission as a dollar amount—Jeremy Siegel's push (on Monday, 8/5) for an emergency fed rate cut, the new Zillow CEO, mortgage rate predictions for the end of 2024, and what it means (in practice) to prioritize quality over quantity.

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Timestamps:

00:00–01:28 Intro

01:28 Topic: CFA consumer alert: 3 recommendations to buyers & sellers

03:15 The problem with flat fees (“This is price fixing…”)

05:27 The difference between acting as a facilitator and acting as an agent

08:41 Other businesses that get paid on a percentage basis

21:00 Topic: New CEO at Zillow

26:03 Looking at Zillow backend (“It says ‘estimated additional leads’...”)

26:48 The move to install a new CEO (Jeremy Wacksman)

31:12 Topic: Jeremy Siegel on CNBC asking for emergency rate cut (on Monday, 8/5)

32:48 “I think we’re definitely looking at more than a quarter point” rate cut in September

33:57 Rate volatility this week (30-year fixed, according to MND)

41:08 “August is like the month of December…”

42:13 “Tell people what it takes to lock in a mortgage rate right now” (quoting Byron)

44:50 Topic: Quality over quantity “with leads, conversations, and everything else”

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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/

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