The first of two commission lawsuits is in court. If you're a real estate agent and don't know about this, it's a big deal. This lawsuit could change the game.

🤝 Settlements and Implications

The lawsuits involve big players like National Association of Realtors, Keller Williams, Remax, and more. They've already settled, agreeing to fair practices.

💰 Impact on Commissions

These settlements might reduce the commission pool by 30%, which could affect agents' earnings.

3 Key Actions for Agents:

1️⃣ Prioritize Listings: Generate more listings to stay in control.

2️⃣ Sharpen Your Skills: Improve your scripts and objection-handling abilities.

3️⃣ Perfect Your Appointments: Ensure you set expectations and navigate compensation discussions.

Stay prepared, stay successful. 👊

#thebestagenthacks #agenthacks #TTSG

Gen-Z in Greater Philadelphia spends 30% of their income on rent. This affordability issue has persisted for 36 months since the start of the COVID-19 pandemic. Young adults in the area are dedicating almost a third of their income to renting, making it a norm.

Rent prices are rising steadily, with a 9.46% increase last year, while home prices have grown by 4.64% year over year. It's crucial to note that homeownership offers wealth-building opportunities and tax benefits.

Various low down payment options are available for aspiring homeowners. Consult a professional to explore your homeownership options without overextending your finances.

🆕 Stay up to date on all the latest topics while Tom Toole, Sarah Tymon and Stacey Mitchell give our community a place to learn about the real estate market and industry trends on Toole Time Real Estate Radio... ⏰

👀 Tune in LIVE on WWDB-AM 860 and the Tom Toole Sales Group Facebook page EVERY TUESDAY @3:00PM!🎙

👉 This weeks topic recap:

🏡 • Calls for Fed to change their rate path

📝 • Details from the NAR settlements

🏈 • Sports blogger Sheffield Shuffler

Catch the full episode of #TooleTime here​ ➡️

http://bit.ly/TooleTime

Meet Greta Considine, our superstar growth manager at the Tom Toole Sales Group. She excels at optimizing her time blocks, despite her busy life. ⭐️

Greta shares what technology and strategies she uses to reach more people efficiently. 👀

Starting with being prepared and having a plan for successful calls. ✅

Using a power dialer to save time and maintain focus. ⏰

More conversations lead to more appointments. 📲

Focus on what gets you appointments, not the perfect voicemail. 👏

Follow up persistently. 👋

Remember, success comes with multiple attempts. ❤️

Implement these tips form Greta and see remarkable results in your lead generation! 💥

📈 Mortgage rates are rising post-jobs report. What does this mean for buyers and sellers in today's market?

Interest rates increased due to the recent jobs report: 3.8% unemployment and 336,000 new jobs added.

Key job-adding sectors include leisure, hospitality, healthcare, professional services, and social assistance. This growth could be attributed to pent-up demand, aiming to match pre-pandemic employment levels.

Wage growth is cooling, raising concerns about inflation.

Inventory supply is up 9% YoY in the Greater Philadelphia area. Housing prices continue to rise. This might be the best time for buyers and sellers to act before the market becomes more competitive.

Rates are likely to drop next year, prompting more market activity. But, acting now could secure better deals. If you're considering a move, talk to a real estate agent or schedule a call with us.

In summary, the shifting market presents opportunities for serious buyers and sellers. Pay attention to these indicators!

🆕 Stay up to date on all the latest topics while Tom Toole, Sarah Tymon and Stacey Mitchell give our community a place to learn about the real estate market and industry trends on Toole Time Real Estate Radio... ⏰

👀 Tune in LIVE on WWDB-AM 860 and the Tom Toole Sales Group Facebook page EVERY TUESDAY @3:00PM! 🎙

👉 This weeks topic recap:

❌ • Has the Fed lost control

📍 • Redfin out at NAR and the MLS Pin lawsuit is under scrutiny

👩🏻‍🦰 • Greta Considine - Growth Manager

Catch the full episode of #TooleTime here​ ➡️

http://bit.ly/TooleTime

Meet Anthony Capodanno, a top-performing agent who's all about people, not just properties. ❤️ He's closed five sales in three weeks and eight in the last 60 days, totaling over $6 million this year, after switching brokerages. 🏡

What's his secret? 👀 Immediate responses, making the phone calls, practicing his skills, paying attention to detail, being patient, prioritizing clients' needs and being consistent with it all!

In a market where challenges like low inventory and changing interest rates persist, Anthony's dedication to client communication and his commitment to continuous improvement make him a standout agent to watch in the local market. 👏

#TheBestAgentHacks #AgentHacks #TTSG

Is the Federal Reserve losing control as mortgage rates hover in the high sevens? 👀 This concern has been voiced by the President of the Chicago Federal Reserve, Austan Goolsbee. The Fed's declared restrictive policies contrast with rising long-term borrowing rates, leaving many puzzled. 🧩

The solution, as suggested by Logan Mohtashami from Housing Wire, is straightforward: the Fed should stop discussing rate hikes in this environment. 🙊 Jobless claims data has improved, but the Fed remains steadfast in maintaining a restrictive policy.

The hawkish tone after meetings has contributed to the prolonged high mortgage rates. Buyers should not anticipate mortgage rates falling below 7%. 📉

In summary, the Fed might regain control by refraining from discussing rate hikes and providing some relief to the economy, allowing time to assess policy impacts on housing and the overall economy. ❌

🎥 Missed episodes 1-342? visit here: http://bit.ly/TomsTakeChannel

#TomsTake #TTSG #FederalReserve #mortgagerates #TomTooleSalesGroup

🆕 Stay up to date on all the latest topics while Tom Toole, Sarah Tymon and Stacey Mitchell give our community a place to learn about the real estate market and industry trends on Toole Time Real Estate Radio... ⏰

👀 Tune in LIVE on WWDB-AM 860 and the Tom Toole Sales Group Facebook page EVERY TUESDAY @3:00PM! 🎙

👉 This weeks topic recap:

• Fed meeting post op

• NAR demand Bob Goldberg resignation

• Will the Fall market flop?

Catch the full episode of #TooleTime here​ ➡️

http://bit.ly/TooleTime

Eliminate 'think' from your real estate vocabulary! In today's selective market, clarity matters more than ever. Instead of saying 'I think,' provide facts and create certainty. 💭

Here's how:

When asked, 'What do you think about this?' respond with facts like market data or offer history. 👏

During negotiations, avoid saying 'I think.' Instead, ask, 'How will you feel if we lose this over $5,000?' Let them decide. 🤔

After showing properties, ask clients, 'What did you think about what we saw today?' Listen to their thoughts for valuable feedback. 👀

Eliminating 'think' enhances your professionalism and builds certainty in your real estate business. 🏡

#TheBestAgentHacks #AgentHacks #TTSG