In today’s podcast we'll be talking about the recent quarterly earnings releases within both the brokerage (eXp, Compass, RE/MAX) and the core business (Zillow, Opendoor, Offerpad) segments of the real estate market. We'll walk you through what happened in Q1 at each company, why it matters to you, and what key bullet points you can takeaway to be the expert in the room in your next conversation!

Today we sat down with Dave and Amanda, founders of House Novel. An exciting new company that is creating a platform for homeowners to save and track the history of their property. Their website can be of huge value to homeowners but also Realtors. If you want to learn more about them visit them on social media @HouseNovel or their website!

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The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

For this week's business tip we're going to be talking about escalation clauses and provide you with our insights on when and when not to use them, how to structure the verbiage within them, and how you should be adjusting the amounts for them based on the specific client you're supporting!

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The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s primary segment we'll be talking about the new loan level adjustments that have come out and how you can best summarize the impact to your clients. We'll help you wade through what is true and false in the recent reporting on the topic and provide our insights on key things you should be learning about to ensure you can best support your clients on the financing side. As always, we'll leave you with a script that will help you be the expert!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

Today we talk about different outcomes of the real estate inventory crisis. Mainly our opinions around what homeowners will do instead of moving. We discuss full house renovations and additions. We also give helpful advice on how to speak with clients about these and how to add value so you are viewed as the expert.

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For today’s business tip we'll talk through how we plug into the data provided by your local MLS and Zillow to support your seller clients. We'll walk through the different pieces of information we use, how it helps us get as many buyers through a listing as possible, and how each helps us understand how to properly tailor our communication to the seller.

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s primary segment we'll be talking about the commission lawsuit that has been ongoing since 2019 and recently made waves for being approved as a class action lawsuit. We'll talk about how the lawsuit has progressed over the years, provide some insights into how it could impact real estate agents in the future, and what you can be doing to ensure you're having success in a future state where buyer agent commissions are paid by the buyers directly!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s economic segment we'll be discussing the current inventory levels in our local market and nationwide and providing context using historical numbers on just how much of a supply shortage we are currently experiencing. We'll walk through the primary causes of the supply shortage and walk you through where we think inventory is going in the near future and things that could help improve the current situation. Finally, we'll provide a script that you can use when talking to clients, friends, and family about why the market is still crazy despite rising interest rates!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

For this week's business tip we're going to be giving you our keys to success for working with first time homebuyers. We'll talk you through the different meetings we have with all of our first time homebuyer clients, as well as action steps we take along the way to ensure they are confident and informed throughout the process!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw

In today’s economic segment we'll be going over the recent banking crises in more detail, while walking you through the history of the banks! We'll talk about the very similar chain of events that occurred in 1907 that caused banks to fail and FDIC to be created and then have an in depth conversation about the recent bank collapses and why they matter to you as an agent. As always, we'll give you a script that help you be the expert about the topic when talking to potential clients!

Follow us on Instagram!

The Advisory Realty Group - @theadvisorymn

Luke Pettersen - @pettyhomes

Josh Pettersen - @joshpettersen

Check out our YouTube channel!

https://www.youtube.com/channel/UC_ZBGkGELoPz7-O8Sk-uIBw