If you haven’t heard about the massive news that is the NAR lawsuit, then you need to check it out. Today we are talking about the massive opportunity this is bringing. Resource Real Estate Marketing Dude The Listing Advocate (Earn more listings!) REMD on YouTube REMD on Instagram Transcript: 00:00:12:24 – 00:00:44:08 Unknown So how do you attract new business? You constantly don’t have to chase it. Hi, I’m Mike Webster of Real Estate Marketing. Doing this podcast is all about building a strong personal brand. People have come to know like trust and most importantly, refer. But remember, it is not their job to remember what you do for a living. It’s your job to remind them, Let’s get started. 00:00:44:10 – 00:01:13:06 Unknown What is up? Ladies and gentlemen, welcome another episode of the Real Estate Marketing Dude podcast and holy crap, folks, have you been following this show for any period of time? I’ve been talking about what just happened this week. I’ve been talking about that for the last two years, well before the lawsuits, well before any of this stuff. The importance of building a personal brand and or a unique selling proposition to stand out. 00:01:13:08 – 00:01:33:02 Unknown Well, the numbers, if you even tuned back to several years of episodes, the numbers with consumer dissatisfaction were evident. They were out there planning it. And this is going to be the fuel to the fire that they’ve been waiting for. So what we’re going to be doing, though, in this show is that this is not all doom and gloom. 00:01:33:04 – 00:01:55:00 Unknown Two nights ago, I couldn’t sleep, literally could not sleep, could not sleep because I was like, oh, my God, should I start a brokerage because of this? The opportunity here is also very, very large. So this is not going to be a doom and gloom show. It might be for some of you guys, at least if you’re not willing to change, because one thing for sure is that this market will change. 00:01:55:02 – 00:02:12:11 Unknown There’s no doubt about it. The way you’re going to be compensated is changing. I mean, it’s going to happen. And if you go on social media right now, you’re seeing two different sort of trains of thoughts. The other a lot of people are like, well, you’re going to have to list to win list live to list or last list or whatever they’re calling it. 00:02:12:16 – 00:02:37:02 Unknown Great. Still doesn’t the fact that you’re going to lose 50% of your commission in the buyer side of the commission. Right. Whether you list or not, you still have income that is generated from buyer commission revenue. And it’s not just about that. What is more concerning more than anything is that honestly, you have to look into the remarks like, go, go ahead and hit the NBC News article and go scroll through the comments. 00:02:37:08 – 00:02:58:17 Unknown And that’s where the true answer is, folks, because I spent at least, gosh, maybe 30, 45 minutes just reading through the comments of the news articles that are coming out, bashing the industry, saying how real estate agents held them hostage, essentially, which is bullshit. But, you know, the news and the media’s going to spin in whatever way they do, like they always do. 00:02:58:17 – 00:03:18:04 Unknown It’s always say they’re fake news. But the comments are evident. Guys. People don’t like real estate agents. And, you know, I didn’t we didn’t need this lawsuit to come out and tell us that we saw this in the in the Atkins customer or client satisfaction surveys that have been done over the last four or five years. So the writing’s been on the wall. 00:03:18:06 – 00:03:54:17 Unknown Now, why is that not all doom and gloom? And let’s start with actually both. Let’s do the pros and cons. Maybe that’s what we call the show pros and cons of the doom and gloom of the in our settlement, because there’s a lot more pros I see so far in cons. And I’m not just saying that to hype you up paradigm shift like this is when people make money, This is when people take market share, this is when people gain ground and this is when people stand out, stick out, and nobody makes it big in when everything just go in the same way. 00:03:54:17 – 00:04:16:07 Unknown It go in the same way, go in the same way, go to somebody, go to the same way. And this has already happened a few times before where there are sudden shifts and different people just blew up overnight. It seems like the last time we did this was 2020. In the COVID era. How many people became tik-tok celebrities in such huge social media followings just because of was stuck to their phones for three years. 00:04:16:09 – 00:04:38:05 Unknown So there isn’t a lot of doom and gloom, but the doom is is at commission compressions real. Like the days of getting 5 to 6%, they’re gone. Telling you right now they’re absolutely gone. Some people are going to hate that. I say that. And I understand you’re comfortable doing business the way you were, but this is not going away. 00:04:38:07 – 00:04:55:22 Unknown There’s many lawsuits I can’t even imagine the amount of injury attorneys are just sell the testing, because what this lawsuit does is it could open up why can it open up lawsuits for all the other people? You know, you just need a client or consumer to say, hey, I thought I didn’t get I wasn’t given an option. Right. 00:04:55:24 – 00:05:24:19 Unknown Option. That’s going be key to later on in today’s show. So pay attention to that option, That word, that’s the name of the game here. But let’s go back into some

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