Lisa Chinatti and Tom Toole discuss the CFAโs three suggestions to consumersโincluding negotiating commission as a dollar amountโJeremy 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:
00:00โ01:28 Intro
01:28 Topic: CFA consumer alert: 3 recommendations to buyers & sellers
03:15 The problem with flat fees (โThis is price fixingโฆโ)
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 (โIt says โestimated additional leadsโ...โ)
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 โI think weโre definitely looking at more than a quarter pointโ rate cut in September
33:57 Rate volatility this week (30-year fixed, according to MND)
41:08 โAugust is like the month of Decemberโฆโ
42:13 โTell people what it takes to lock in a mortgage rate right nowโ (quoting Byron)
44:50 Topic: Quality over quantity โwith leads, conversations, and everything elseโ
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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/
Join the 5AM Call: https://5amcall.com/
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