Tom Toole and Lisa Chinatti discuss the 50 basis point cut to the federal funds rate and what to expect from it, as well as Powellโs housing-related comments, how to respond to consumer questions on mortgage rates, why itโs time to move on from Sitzer/Burnett, an email template from Jimmy Mackin, follow-up on NARโs Clear Cooperation policy (and why itโs a bad rule), and what agents should be doing to finish the year strong and set up for a monster 2025.
For more on Clear Cooperation, watch last weekโs episode of Knowledge Brokers (ep #86): https://www.youtube.com/watch?v=uiwUR2VbRYM&t=693s
Also tune in to hear Byron Lazine and Nicole White discuss the policy on The Real Word: https://www.youtube.com/watch?v=cPHKuKPpgS0&t=346s
๐๐๐๐จ๐ฆ๐ ๐ ๐ฆ๐๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ฑ: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.
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Resources:
https://nowbam.com/plummeting-support-for-nars-clear-cooperation-policy/
https://www.instagram.com/p/DAHTwYcyoOD/?igsh=bnNpdHJxdWVlcnF1
Timestamps:
00:36 TOPIC: FOMC meeting and 50 basis point rate cut
01:36 Reactions to the Fedโs decision
05:59 โWhat do you see in your market in terms of buyer activity?โ
10:22 Discussions with consumers about the impact of rate cuts on the housing market
13:41 Sellers that are making a move right now
16:45 Question on mortgage rates & how to respond to consumer questions
40:29 Biggest obstacles to reaching your goals for 2024 & 2025
43:29 The best mindset to combat the fear of failure
44:30 Lacking a back-up plan is an advantage
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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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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/
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