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In this episode of Dishin' Dirt, I discuss two issues. First, one of the lawyers from Sitzer/Burnette has stated publicly that he is coming for your JV agreements and any brokerage that encourages or compensation agents or brokers for pushing their ancillary products such as mortgage, title and insurance.  It is past time to take heed of this significant risk.

Secondly, I examine the emergence of the American Real Estate Association (AREA) following the Sitzer/Burnett case. I evaluate the potential impact of AREA on the National Association of Realtors (NAR), emphasizing that while AREA may cause some challenges for NAR, it is not a direct threat. 

I also addresses the ongoing issues surrounding broker-to-broker compensation and the need for higher standards in real estate education and accountability. He concludes by advocating for a cooperative relationship between AREA and NAR, provided that both organizations prioritize the interests of real estate agents and consumers.

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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In this episode of Dishin' Dirt, Carl Medford and I discuss the current state of the real estate industry, focusing on the contentious issue of "Days on Market" and its implications for transparency and consumer protection. We explore the impact of recent lawsuits, the role of commissions, and the necessity of maintaining clear cooperation policies. The conversation emphasizes the importance of fiduciary duties and the need for integrity in real estate transactions, while also predicting future trends in the industry.

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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In part 2 of my conversation with Leo Pareja, CEO of eXp Realty, we discuss if the current real estate model is broken beyond repair.  We also discuss Clear Cooperation Policy, broker-to-broker compensation and a lot of other challenges facing agents today. 

Leo shares insights on the challenges faced by agents and the importance of maintaining a cooperative real estate environment to ensure consumer protection and market efficiency. The conversation delves into the impact of recent settlements on the industry and the future of Multiple Listing Services (MLS).

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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In this episode, I interview Leo Pareja, CEO of eXp Realty, discussing the current state of the real estate market following significant changes in compensation models and the implications of the Clear Cooperation Policy. 

Leo shares insights on the challenges faced by agents and the importance of maintaining a cooperative real estate environment to ensure consumer protection and market efficiency. The conversation delves into the impact of recent settlements on the industry and the future of Multiple Listing Services (MLS).

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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PART TWO of my interview James Dwiggins, CEO of Next Home Realty.  We continue this interview looking at the current threats facing real estate agents, the changing role of REALTORs, and the impact of technology on the industry. We will  spend a good part of the show discussing Broker to Broker compensation.  

For last week's episode click here.

https://www.buzzsprout.com/1378912/episodes/16555625

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

Don't forget to like us and share us!
Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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In this episode of Dishin' Dirt, I interview James Dwiggins, CEO of Next Home Realty, discussing the evolution of the real estate industry, the outspoken nature of leadership, and the importance of clear cooperation policies. 

Dwiggins shares insights on the current threats facing real estate agents, the changing role of REALTORs, and the impact of technology on the industry. The conversation emphasizes the need for transparency and consumer protection in real estate practices, as well as the potential consequences of policy changes.  

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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In this episode of Dishin' Dirt, I discuss two critical issues in the real estate industry: the urgent need to eliminate broker-to-broker compensation and the alarming rise of the Green Mirage scam targeting homeowners. I address the legal risks associated with broker compensation and advocate for a more transparent commission structure that prioritizes client interests. Additionally, we discuss the Green Mirage scam which involves fraudsters impersonating mortgage lenders to steal money from unsuspecting homeowners. 

Takeaways

• Broker-to-broker compensation is a legal risk that needs to end.
• The Green Mirage scam is targeting homeowners nationwide.
• Real estate agents must prioritize client fiduciary responsibilities.
• Transparency in commission structures benefits both agents and clients.
• Fear of steering is driving up housing costs.
• Scammers are using sophisticated tactics to defraud homeowners.
• Educating clients about scams is crucial for their protection.
• The real estate industry must adapt to avoid lawsuits.
• NAR should take a proactive stance on broker compensation issues.
• Agents should focus on negotiating commissions directly with clients.

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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In this SPECIAL EDITION of Dishin' Dirt, I welcome Nick Kremydas, CEO of the South Carolina Realtors Association, to discuss the upcoming ATI exemption filing deadline and the importance of advocacy in the real estate industry. 

We delve into the NAR Advocacy Week, the significance of the ATI exemption for property owners, and the role of REALTORS in navigating tax issues for their clients. The conversation emphasizes the need for REALTORS to stay informed and proactive in advocating for their clients' interests, especially in light of changing tax laws and property assessments.

Takeaways

• NAR Advocacy Week highlights the importance of REALTOR advocacy.
• The ATI exemption helps property owners manage tax increases.
• REALTORS should inform clients about filing for the ATI exemption.
• Advocacy efforts can lead to significant changes in tax laws.
• The deadline for filing the ATI exemption is January 31st.
• REALTORS play a crucial role in navigating tax processes for clients.
• Understanding property tax classifications is essential for REALTORS.
• The value of REALTOR organizations extends beyond their members.
• Tax reform is a priority for the South Carolina legislature.
• Effective communication with clients can enhance REALTOR value.

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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In this episode of Dishin' Dirt, I discuss the Top 10 predictions for changes to the real estate market in 2025, including the future of clear cooperation, changes in broker compensation, and the importance of REALTOR Association. He also touches on the impact of TikTok and AI in real estate, as well as some fun sports predictions for the year ahead.

Takeaways

• Clear cooperation will survive despite challenges.
• Broker to broker compensation is likely to end soon.
• The real estate market is expected to grow significantly in 2025.
• REALTOR associations are crucial for navigating industry changes.
• TikTok has potential value for real estate marketing.
• AI will revolutionize various aspects of real estate.
• The importance of adapting to new technologies is paramount.
• Predictions for sports events reflect a mix of hope and humor.
• Changes in REALTOR membership requirements are on the horizon.
• The real estate industry must adapt to ongoing pressures and legal challenges.

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.

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In this episode of Dishin' Dirt, I discuss the Top 10 Real Estate Stories of 2024, including the significant Sitzer/Burnette settlement, the impact of fluctuating interest rates, ongoing challenges faced by the National Association of REALTORS (NAR), and changes in broker compensation structures. The episode also covers updates from the Real Estate Commission, new regulations on wholesaling, and the growing popularity of South Carolina as a relocation destination. Additionally, I reflect on the podcast's milestones and future plans.

Takeaways

• The Sitzer/Burnette settlement significantly changed commission structures.
• Interest rates fluctuated between high sixes and low sevens in 2024.
• NAR continues to face challenges from lawsuits and member dissatisfaction.
• EXP's decision to end broker-to-broker compensation is a pivotal change.
• New regulations on wholesaling require real estate licenses for wholesalers.
• The Real Estate Commission made significant updates to state laws.
• Clear cooperation rules are essential for fair housing and equal access.
• South Carolina is the top state for relocation, boosting real estate opportunities.
• Dishin Dirt celebrated its 200th episode and won a Webby Award.
• The podcast aims to provide ongoing value to its listeners.

Chapters

00:00
Introduction to Dish and Dirt Podcast

03:58
Top 10 Real Estate Stories of 2025

08:49
Impact of Interest Rates on Real Estate

11:52
NAR Challenges and Changes

15:54
Changes in Broker Compensation

18:55
New Touring Agreement Regulations

20:19
Ending Wholesaling in Real Estate

23:22
New Statutes and Regulations

24:14
Clear Cooperation Rule Under Attack

26:26
South Carolina's Real Estate Boom

28:11
Celebrating Dish and Dirt's Milestones

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.