February 02, 2024

Keller Williams Commission Settlement: Know This Before Presenting Contract | Knowledge Brokers 055

54 minutes

Byron Lazine and Tom Toole discuss the Keller Williams settlement, what that means for the National Association of Realtors, the Ryan Serhant interview, what it means to work for the deal, this week’s FOMC meeting, a script from Tom Toole, the all-time high for luxury home prices, and a Grant Cardone prediction.

Grab your seat for the first BAM virtual event of 2024 — BAM Pro Bowl — on February 7th!

https://brokeagentmedia.lpages.co/bam-pro-bowl-2024/

Also, don't miss BAM's interview with Ryan Serhant! Watch it here: BAM interview of Ryan Serhant: https://www.youtube.com/watch?v=tUgLbfch-j4

Get Tom Toole's 2024 Market Script:

https://mailchi.mp/nowbam/tom-toole-2024-market-script

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe

Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.

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/

Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1

Join the 5AM Call: https://5amcall.com/

Resources:

https://www.redfin.com/news/luxury-housing-market-q4-2023/

https://www.resiclubanalytics.com/p/whats-happening-housing-inventory-right-now-told-3-charts

https://nowbam.com/keller-williams-becomes-the-third-to-settle-in-sitzer-burnett-agrees-to-pay-70-million/

Timestamps:

00:00–00:44 Intro

00:44 Keller Williams settlement for Sitzer/Burnett, et al

04:43 That’s going to leave NAR on an island by themselves…

11:40 The likelihood of NAR revitalizing itself at this point…

16:52 The BAM–Ryan Serhant interview

17:44 Serhant on smaller brokerages

18:30 Biggest takeaway from the lawsuits: Don’t watch for NAR to save your ass

20:47 Script for talking to consumers about the lawsuits

29:21 When you work for the deal you have to know all aspects of the deal…

40:23 Fed didn’t raise rates

43:14 Tom Toole script

44:06 Resiclub (chart: “Active U.S. housing inventory”)

45:06 Luxury listings: Redfin report from today’s Hot Sheet (Redfin charts)

50:17 Grant Cardone prediction

———

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/

———

BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.

Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka.

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Check out BAM: https://nowbam.com/

———

BAM PARTNERS

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: 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. That’s what we do for you → https://remindermedia.com/bamsample/

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

𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name

𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners

———

#FederalReserve #KellerWilliams #GrantCardone

...more

View all episodes

By BAM Media

4.7

4040 ratings