June 11, 2024

Ketchmark Issues Warning To Industry Amidst NAR’s Comments on Steering | The Real Word 322

26 minutes

Byron Lazine and Nicole White discuss NAR's statement that their proposed settlement eliminates steering, as well as remarks by plaintiffs' attorney Michael Ketchmark, and a related article by Notorious R.O.B.

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

Use discount code REALWORD for 10% off your annual subscription!

Join us at BAM Mania! The Must-Attend Real Estate Event Of The Year: https://brokeagentmedia.lpages.co/bam-mania-2024/

_______

1000watt Brand & Marketing Summit → Use the discount code BAM for 15% off the ticket price: https://1000watt.net/events/summit/

________

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/

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://www.inman.com/2024/06/06/nar-says-settlement-kills-steering-but-plaintiffs-issue-warning/

https://notoriousrob.substack.com/p/vague-threats-that-make-no-sense

https://notoriousrob.substack.com/p/maybe-i-was-wrong-a-follow-up-to?utm_source=post-emai[…]eemail=true&r=3ed8is&triedRedirect=true&utm_medium=email

https://www.nar.realtor/the-facts/nar-settlement-faqs

Timestamps:

00:00–02:17 Intro

02:17 Topic 1: NAR Says proposed settlement eliminates steering

04:13 #46: What’s NAR’s policy on steering buyers based on the amount of buyer agent comp?

04:59 #47: Does NAR settlement address the theoretical possibility of steering?

08:10 #48: Can a broker tell a potential buyer…?

10:57 Topic 2: Ketchmark’s response about “steering”

12:29 Notorious ROB article: “Maybe I was wrong…” (attorney response to a previous article)

14:42 The NAR settlement does not explicitly allow offers of compensation…

17:36 “Here’s my take… ” (Byron)

19:32 “He’s already threatening additional lawsuits.”

21:39 “This language that Ketchmark is using fits into the current climate…”

———

BAM PARTNERS

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. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/

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

𝐒𝐢𝐞𝐫𝐫𝐚 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐯𝐞: Solutions That Maximize ROI. SEO powered IDX websites and a predictive CRM driven by marketing automations that help you capture, convert and close. Faster. Let's Chat → https://get.sierrainteractive.com/bam

𝐅𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐬: Maximize tax savings, reduce administrative burdens, and increase take-home pay with a financial management solution specifically for real estate agents: get.formationscorp.com/bam

———

#nationalassociationofrealtors #commissions #narsettlement

...more

View all episodes

By The Real Word

4.6

4141 ratings