Byron Lazine, Tom Toole, and Lisa Chinatti discuss the reaction to this week’s Knowledge Broker’s panel on the NAR settlement, the opportunities for agents choosing to specialize in buyer representation, Jerome Powell’s comments after the March FOMC meeting, advice for agents moving forward, and today’s breaking news on the Compass settlement.
Watch the Knowledge Brokers Panel on the NAR settlement: https://www.youtube.com/watch?v=-Qdxi6JJOuM
𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
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Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1
Resources:
https://nowbam.com/compass-settles-commission-lawsuits-for-57-5-million-joins-nar-keller-williams-anywhere-and-re-max/
https://www.housingwire.com/articles/compass-settles-commission-lawsuits-for-57-5-million/
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001563190/000156319024000053/comp-20240321.htm
https://www.wsj.com/real-estate/real-estate-broker-compass-agrees-to-pay-57-5-million-to-settle-antitrust-claims-be5e1177?mod=hp_lead_pos5
Timestamps:
00:00–00:46 Intro
00:46 Reactions to the Knowledge Brokers Panel on the NAR settlement
01:45 This week, we cracked 200 on the Apple business category for top podcasts
03:54 Comments during the livestream—especially re: buyer agents
04:45 The opportunity for agents choosing to specialize in buyer rep
13:21 “We’ve got to approach the buy side like the sell side.”
14:36 A new process Byron and his team have adopted
20:21 “I think this is going to eliminate those who are window-shopping for fun.”
23:06 Shifting from an agent-centric model to a consumer-centric model
25:07 Non-exclusive rights to represent
27:56 Kevin Sears video (“They were unwilling to even entertain bankruptcy…”)
34:16 Jerome Powell’s statement & responses (Q&A) after the March FOMC meeting
39:57 How to move ahead if you want to stay in the business?
42:07 The three buckets
47:07 Breaking news: Compass settles for $57.5 million
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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/
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