Byron Lazine and Lisa Chinatti discuss the Consumer Finance Agencyโs (CFA) criteria for evaluating homebuyer contract forms, California MLS general counsel Ed Zornโs strong opinions on real estate forms and commission sharing, surprising news on where agent count is headed, and shared concerns about new agent expectations.
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Resources:
https://nowbam.com/consumer-watchdog-cfa-releases-criteria-for-evaluating-home-buyer-contract-forms/
https://www.inman.com/2024/07/18/ed-zorn-to-the-real-estate-industry-get-rid-of-commission-sharing-now/
https://www.housingwire.com/articles/relitixs-agent-movement-index-reveals-key-trends-in-real-estate-agent-dynamics-through-june-2024/
Timestamps:
00:00โ02:36 Intro
03:44 Todayโs global technology outage and the growing dependence on AI/tech
05:32 โWe all need more backup plansโฆโ (the value of having old school backup solutions)
10:04 Topic #1: CFA criteria for evaluating home buyer contract forms
11:58 Plain language: โIโve got a question for you on that particular partโฆโ
14:55 Itโs not the job of a real estate agent to understand legal jargonโฆ
18:52 The eXp agent toolkit and the cancellation policy in their buyer agreement
21:05 "The agent should continually be earning the business."
24:19 Tom Ferry & the value of a weekly phone call
43:17 Topic 3: The Agent Movement Index (Relitix): agent count is climbing
45:04 โWhy do you think itโs going up?โ
51:49 Glamorization of real estate on HGTV, etc.
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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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