May 24, 2024

NAR Seeks Rehearing, VA Makes Fix To Agent Commission, & Inventory Increases | Knowledge Brokers 071

44 minutes

On this episode of the Knowledge Brokers Podcast, Lisa Chinatti and Tom Toole discuss NAR's petition for a rehearing of the three-judge panel decision in favor of the DOJ, VA buyers agent commissions, and the increase in housing inventory. They also share their advice for consumers, and each one's top three skills agents need to focus on right now, as well as their tips on how to prepare your business for the Memorial Day weekend.

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe

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Resources:

https://www.housingwire.com/articles/va-to-roll-out-temporary-fix-to-buyer-agent-commi[…]LOS&cx_experienceActionId=showRecommendationsAE03ECM0NSUO23

https://nowbam.com/nar-seeks-rehearing-on-doj-investigation-ruling/

Timestamps:

00:00–01:03 Intro

01:03 TOPIC: DOJ vs NAR (NAR’s petition for a rehearing)

03:47 “We deal in contracts. How can we not honor them?”

06:34 Will home sellers no longer be allowed to incentivize buyers…?

08:02 “This is concerning for the future of the industry (and every industry).”

10:32 TOPIC: VA Buyers agent commission (temporary fix)

16:07 TOPIC: Increases in inventory (good news for buyers—not necessarily for sellers)

21:22 CHART: “Bright MLS Service Area—Weekly New Listings (Week ending 5/19/24)”

24:15 Lisa’s advice to consumers

28:08 Tom’s top 3 skills an agent needs to be focused on right now

32:29 Lisa’s top 3 agent skills

38:32 "What should agents be doing to prep before Memorial Day?"

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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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#buyeragent #nationalassociationofrealtors #housinginventory

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