Byron Lazine and Lisa Chinatti discuss the Consumer Finance Agency’s (CFA) criteria for evaluating homebuyer contract forms, California MLS general counsel Ed Zorn’s strong opinions on real estate forms and commission sharing, surprising news on where agent count is headed, and shared concerns about new agent expectations.
𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
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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:
00:00–02:36 Intro
03:44 Today’s global technology outage and the growing dependence on AI/tech
05:32 “We all need more backup plans…” (the value of having old school backup solutions)
10:04 Topic #1: CFA criteria for evaluating home buyer contract forms
11:58 Plain language: “I’ve got a question for you on that particular part…”
14:55 It’s not the job of a real estate agent to understand legal jargon…
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 “Why do you think it’s going up?”
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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#realestateagents #commissions #newagents