ππΌ Want to learn how to become a 7-figure multifamily agent & investor? https://www.skool.com/naraagentacademy
Book a Free Call With Me If You Want To Apply To Join My Company: https://calendly.com/jasonleerealesta...
π¨BREAKING NEWS in Real Estate! π¨ The NAR Commission Lawsuit is shaking things up and it could mean BIG changes for Realtors in 2024. π±
In this video, I dive deep into the lawsuit that's turning the real estate world upside down. We're talking about a massive $1.8 billion verdict that's changing how commissions are paid β and it's not looking good for residential realtors.
π Whatβs the lawsuit about?
π₯ How is it going to affect buyers and sellers?
π And most importantly, what does it mean for YOU as a realtor?
I'm sharing a story about a friend in San Diego struggling to buy a house, despite a good income. π Plus, did you know the average American needs to save 5x their annual income for a down payment? In California, it's even crazier at 8x! π²
π But hereβs the kicker: sellers might stop paying buyer agent commissions. That's right - buyers might have to pay out of pocket. Imagine the impact on the market!
π€― I'll share my own experience dealing with a listing offering 0% buyer commission. It's a wild story you wonβt want to miss.
π¨ If you're an agent relying on showing homes, you need to watch this. The competition for listings is going to get fierce, and your income is at stake.
But donβt worry, I've got a SOLUTION. π‘
π’ Think commercial real estate. Itβs unaffected by this lawsuit, and Iβll tell you why it's a smarter, more lucrative move. Iβll even share my experience with a 20-year loyal investor and a massive 10-unit deal.
β¨ Plus, say goodbye to working weekends and hello to bigger commissions. I'm talking average commissions that dwarf residential real estate.
00:48 What is the National Association of Realtors (NAR) Lawsuit?
02:47 I called a listing agent as a potential buyer and something weird happened...
03:32 How this change affects sellers
04:37 Shocking stats on how much you need in order to BUY A HOME
05:19 Why this change affects you as an buyer's/seller AGENT
06:57 MY solution to this entire problem (and why it WORKS)
09:41 lifestyle differences between residential and commercial real estate agents
I'm looking to train FIVE more agents in 2024 (email me for more information)
If you're new here - I'm Jason Lee, CEO/Founder of Nara Advisors (formerly known as JLM Real Estate) and a multifamily real estate investor/developer in San Diego. I own and operate 150 units in San Diego, and have 5 development projects in process. I've learned the game by working with several millionaire to billionaire real estate investors in California, helping them buy, sell, and 1031 exchange to improve their portfolio. In the last few years, my brokerage and team at Nara Advisors have represented over 150 investors and transacted on over $625,000,000 worth of real estate.
πΈ Want to invest with us?
Email me at [email protected]
ποΈ We are actively buying, you can always represent us!
Brokers, please email me if you have a property: [email protected]
π² Connect with me!
Instagram: @jasonjosephlee | @naraadvisorsinc
Linkedin: Jason Lee
X: @jasonjosephlee
Nara Advisors Website: www.naraadvisors.com
My Personal Website: www.jasonjosephlee.com
πGet a copy of my new book: https://www.amazon.com/dp/B0DGQSQKLT/