Byron Lazine and Nicole White discuss a video message by new NAR President Kevin Sears and a new (third) study by the Consumer Federation of America (CFA) on the “surfeit of real estate agents," the real issue behind lower-quality service and what it will take to raise the bar.

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Use discount code REALWORD for 10% off your annual subscription!

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Agent Sentiment Toward NAR: https://nowbam.com/nar-lawsuit-scandal-fallout-consumer-agent-perspectives/

Download the full report from BAMx: https://bamx.uscreen.io/programs/october-2023-agent-sentiment-report?category_id=156975

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

This episode's sources:

https://www.nar.realtor/magazine/real-estate-news/kevin-sears-steps-into-role-as-nar-president

https://consumerfed.org/wp-content/uploads/2024/01/Real-Estate-Report-Part-3-Final.pdf

Timestamps:

00:00-01:47 Intro

01:47 Topic #1-New NAR President Kevin Sears Shares Video Message

01:55 Kevin Sear’s Video

07:23 Topic #2-CFA’s Third Study on the “Surfeit Of Agents”

09:37 “Training is the big issue, here….”

11:40 RE/MAX & the motivating power of having “skin in the game”

24:45 We need to raise the bar for real estate agents (to improve overall quality of service)

———

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#nationalassociationofrealtors #realestateagents #remax

Jason Haber, founder of the NAR Accountability Project, joins Byron Lazine and Nicole White to discuss Tracy Kasper’s resignation as NAR president, the annual decline in NAR membership, the #1 reason people join NAR, how Nykia Wright is doing as interim CEO, the future of the National Association of Realtors, and what agents should be doing right now.

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

Use discount code REALWORD for 10% off your annual subscription!

Agent Sentiment Toward NAR: https://nowbam.com/nar-lawsuit-scandal-fallout-consumer-agent-perspectives/

Download the full report from BAMx: https://bamx.uscreen.io/programs/october-2023-agent-sentiment-report?category_id=156975

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

Connect with Jason Haber: https://www.instagram.com/jasonhaber/

Jason Haber's website: http://agentsdemandchange.com/

This episode's sources:

https://nowbam.com/nar-president-tracy-kasper-resigns-amidst-threats-kevin-sears-assumes-immediate-leadership/

https://nowbam.com/nar-reports-the-first-annual-decline-in-membership-since-2012/

Timestamps:

00:00-02:11 Intro

02:11 Tracy Kasper Resigns Amidst Threats

10:12 First Annual Decline In NAR Membership

11:43 The #1 Reason People Join NAR

12:54 Is Nykia Wright Doing A Good Job?

19:40 Michael Ketchmark Mention

22:36 Where We Are Heading? / What Should Agents Do?

———

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———

#nationalassociationofrealtors #sitzerburnett #realestateagents

Byron Lazine and Nicole White discuss the future of the National Association of Realtors (NAR), what they expect for the organization in 2024, and key NAR-related takeaways from the BAM-1000Watt agent sentiment survey for October 2023.

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

Use discount code "FROSTY" for 25% off your annual subscription or your first month of membership. Sign up before the sale ends today (January 2, 2024) at 11:59 pm ET.

Agent Sentiment Toward NAR: https://nowbam.com/nar-lawsuit-scandal-fallout-consumer-agent-perspectives/

Download the full report from BAMx: https://bamx.uscreen.io/programs/october-2023-agent-sentiment-report?category_id=156975

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

This episode's sources:

https://nowbam.com/nar-lawsuit-scandal-fallout-consumer-agent-perspectives/

https://nowbam.com/the-future-of-nar-what-lies-ahead-in-2024/

Timestamps:

00:00–01:19 Intro

01:19 #1 — What’s next for NAR?

06:04 Byron’s and Nicole’s NAR predictions for 2024

09:22 #2 — Key takeaways from the BAM-1000Watt agent sentiment survey results

———

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———

#nationalassociationofrealtors #1000Watt #realestateagents

Byron Lazine and Nicole White discuss a Grant Cardone "Renter Nation" TikTok where he suggests the possibility of 40-, 50-, 60-, and even 100-year mortgages in our lifetime. Byron and Nicole react to Cardone's video, addressing the question of whether homeowners really own their homes and tying in available data on average mortgage length.

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

Use discount code "FROSTY" for 25% off your annual subscription or your first month of membership. Sign up before the sale ends on January 3rd, 2024.

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

This episode's sources:

https://www.tiktok.com/@grantcardone/video/7308915305680620830

https://www.rocketmortgage.com/learn/average-mortgage-length

Timestamps:

00:00–00:58 Intro

00:59 Topic: Grant Cardone Video: Do You Think We Will See A 100 Year Mortgage?

02:21 Grant Cardone “Renter Nation” TikTok

07:55 “Rent the Runway”

13:35 Will we see a 40-, 50-, 60-, and even 100-yr mortgages in our lifetime?

14:50 Average mortgage length is just under 10 years (Rocket Mortgage Pop Up)

———

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#RocketMortgage #GrantCardone #renternation

Filming the 300th episode in their new development at 66 High Street, Byron Lazine and Nicole White discuss whether agents are entitled to 1.5% of Toll Brothers and Ken Pozek’s response to a Rick Palacios Tweet before delving into some of the podcast’s most memorable moments and answering questions from the live sit-in audience.

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

Use discount code REALWORD for 10% off your annual subscription!

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

This episode's sources:

Toll Brothers audio link (starts at 59:06): https://www.youtube.com/watch?feature=shared&t=3546&v=c--fPYQDA_M

Rick Palacios Tweets: https://twitter.com/RickPalaciosJr/status/1732568227102986412

Timestamps:

00:00-06:00 Intro: The Real Word’s 300th episode

06:08 Topic #1: How Toll Brothers think about their bottom line

06:48 Tweet from Rick Palacios

07:23 Toll Brothers audio

09:55 Ken Pozek response to Rick Palacios Tweet

25:30 “If you’re that agent… you’re not going out of business.”

27:38 Q&A: “What is the #1 thing you hope people take away from the podcast?”

28:22 “What has been the biggest challenge for you two [with the podcast]?”

29:50 Flashback from early TRW episode w/ The Broke Agent

30:46 “What’s your favorite place you guys recorded The Real Word?”

31:50 “What is the best feedback you’ve received from a listener?”

33:03 “Do you guys have a favorite guest on TRW?”

34:33 “What’s your vision for how the podcast evolves in the next 300 episodes?”

———

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#realestateagents #podcasting #tollbrothers

Byron Lazine and Nicole White discuss a Seattle-based Coldwell Banker franchise stepping away from NAR, an approximate trial date for the Moehrl commission trial, and consumers rooting for a housing market crash.

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

Use discount code REALWORD for 10% off your annual subscription!

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

This episode's sources:

https://nowbam.com/seattle-based-coldwell-banker-franchise-steps-away-from-nar/

https://nowbam.com/judge-sets-moehrl-trial-for-q4-2024-despite-nar-objections/

https://nowbam.com/rooting-for-a-housing-crash-heres-what-your-clients-think-is-coming-in-2024/

Timestamps:

00:00–00:46 Intro

01:49 #1–Seattle-based Coldwell Banker franchise steps away from NAR

14:58 #2—Judge sets Moehrl trial for Q4 2024 despite NAR objections

21:35 LendingTree survey: 35% of consumers are rooting for a market crash

24:05 Next week’s episode #300 (with a live sit-in audience)

———

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———

#housingcrash #realestatenews #coldwellbanker

Byron Lazine and Nicole White break down an email from CoStar CEO Andy Florance, sending a clear message to Wall Street Journal and Realtor.com.

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

Use discount code BLACKFRIDAY for 20% off your subscription!

Sale ends Friday, 11/30, and membership cost doubles on December 1st.

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

Timestamps:

00:00–01:22 Intro

01:22 Costar CEO swings back after a “cheap shot” from Realtor.com

03:32 Homes.com had a booth at NAR NXT

04:34 Here’s where Homes.com and portals like Realtor.com or Zillow are very different…

07:11 Here’s the argument against ‘Your listing, your lead.”

08:45 From the email: “Homebuyers prefer Homes.com because…”

11:00 Dual agency: Where each one stands

14:11 “Competitors are lashing out…making false statements against Homes.com.”

14:30 Bob Evans called out for accusing Homes.com of working against real estate agents

15:19 “Homes.com is the most pro-agent portal in the industry…”

16:49 Ketchmark no longer speaking at Inman Connect

19:45 Florance addressing what Realtor.com senior vice president “failed to tell you…”

20:24 The WSJ spin piece that went out on Day 1 of Sitzer/Burnett

22:11 You can’t dispute anything Florance says in his email.

22:43 WSJ article titles and quotes: “...a more economically productive line of work”

26:31 Calling out the Wall Street Journal — and Florance’s response to Realtor.com

29:53 The best CEO in the real estate space

33:41 Episode 300 on December 11th – live audience recording at 66 High Street

———

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———

#realtor.com #wallstreetjournal #costar

Byron Lazine and Nicole White discuss a video message from NAR interim CEO Nykia Wright, NAR’s lobbying spend in 2022, Michael Ketchmark’s close ties with the DOJ and his upcoming appearance at Inman Connect, and the #CancelInman movement.

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

Use discount code REALWORD for 10% off your annual subscription!

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

This episode's sources:

Andrea Brambila Tweet: https://twitter.com/InmanAndrea/status/1725563627149894035

#CancelInman (Facebook): https://www.facebook.com/hashtag/cancelinman/

Ken Pozek Facebook post: https://www.facebook.com/kenpozek/posts/pfbid02vCzL33E1AC4fVJP9VkKDNzcqm3oBeC7C1mY3ChbQqUVJHqsCRXqMN5KxS2ASQPStl

Timestamps:

00:00–01:12 Intro

01:53 The NAR NXT event

03:30 Andrea Brambila NAR tweet & interim CEO Nykia Wright’s video message

10:18 Biggest lobbying spenders in 2022 (w/ NAR at the top)

15:18 Michael Ketchmark, the DOJ, and #CancelInman

18:48 NAR is confident of its appeal

20:21 Why is Michael Ketchmark speaking at Inman Connect?

21:18 “I hate this business model for Inman…”

———

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———

#CancelInman #MichaelKetchmark #SitzerBurnett

Byron Lazine and Nicole White discuss comments on the New York Times’s coverage of the Sitzer/Burnett verdict, NAR President Tracy Kasper’s message about an appeal, and another lawsuit being filed against the industry—this one by home buyers.

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

Use discount code REALWORD for 10% off your annual subscription!

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

This episode's sources:

https://nowbam.com/nyt-coverage-of-the-sitzer-burnett-verdict-was-the-most-commented-on-article-of-the-day/

https://www.nar.realtor/videos/post-verdict-guidance-from-nar-president-tracy-kasper

https://www.housingwire.com/articles/illinois-homebuyers-file-second-commission-lawsuit-and-it-may-be-the-largest-one-yet/

Timestamps:

00:00--01:30 Intro

03:54 Topic #1: Comments on NYT Coverage of the Sitzer/Burnett verdict

13:27 Topic #2: NAR President Tracy Kasper on filing an appeal

20:30 Topic #3: New industry lawsuit filed by home buyers

———

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#Sitzer/Burnett #homebuyers #NAR

On this special episode of The Real Word, Byron Lazine and Nicole White discuss yesterday’s verdict announcement for the Sitzer/Burnett trial, reactions from real estate professionals, what we can expect, and what it means for the real estate industry.

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

Use discount code REALWORD for 10% off your annual subscription!

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka

Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate

Connect with Byron Lazine: https://www.instagram.com/byronlazine

Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/

This episode's sources:

https://www.youtube.com/watch?v=rnG-8ZoHT0o (“Breaking News: Sitzer/Burnett Verdict In”)

https://nowbam.com/the-verdict-is-in-the-sitzer-burnett-jury-awards-plaintiffs-1-785-billion/

https://nowbam.com/whats-next-for-the-real-estate-industry-reactions-to-the-sitzer-burnett-verdict/

Timestamps:

00:00–00:32 Intro

02:14 “I was shocked with the ultimate decision… ”

02:53 This is the first of what will likely be many trials.

07:16 NAR attorney talked down to the jury

08:21 “Those five witnesses for the plaintiffs, where were their five agents?”

10:22 NAR’s pathetic legal defense (and misuse of member dues)

11:06 “Now, you’re faced with a national lawsuit.”

12:22 The jury said yes to four out of the five questions.

13:06 NAR reaction to the Sitzer/Burnett verdict

15:05 “Is there any scenario where NAR would consider settling?”

16:21 Byron’s 90-minute live coverage (w/ open phone line)

17:41 Clips from yesterday’s pre-verdict episode of The Real Word

———

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———

#nar #commissionlawsuit #nationalassociationofrealtors