July 30, 2024

The Truth Behind Ricky Carruth's Controversial Post & Las Vegas's New Forms | The Real Word 328

50 minutes

Special guest Ricky Carruth joins Byron Lazine and Nicole White to discuss last week’s Real Word episode, the BAM breaking interview with eXp CEO Leo Pareja, CRMLS removing seller concession fields, extreme actions by the DOJ, and what agents should be doing 19 days away from August 17.

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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 Ricky Carruth (today’s guest):

https://www.instagram.com/rickycarruth/

This episode's sources:

https://www.youtube.com/watch?v=P5Beb6YNjeM&t=13s

https://nowbam.com/exp-ceo-sets-the-record-straight-on-commission-sharing-policy/

https://www.inman.com/2024/07/29/crmls-removes-seller-concession-fields-due-to-car-forms-change/

Timestamps:

00:00–01:23 Intro

01:23 Recap on last week’s TRW episode

01:34 Ricky’s old Tweet (now deleted)

09:46 “In a perfect world would you have more business models or one?”

10:20 Ricky’s answer: “...I believe the DOJ is doing a horrible job…”

15:25 For the DOJ to force this situation = horrible idea

16:36 The last time the DOJ got really extreme was this NAR in 2019

17:19 “You’d have to be crazy to get in a settlement right now…Wouldn’t you want to push this into 2025–or no?”

17:55 Ricky answer: “You can’t make clear rules right now—obviously…”

19:39 “Worst case scenario: buyer agent commissions average 1%…”

31:59 TOPIC: CRMLS removes seller concessions field

37:35 TOPIC: Las Vegas forms

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#narsettlement #exprealty #dojustice

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