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Real Estate Rockstars Podcast

313: Jay Samit: A Disruption Expert Weighs in on the Future of Our Commissions

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6 • 864 Ratings

🗓️ 2 March 2016

⏱️ 39 minutes

🧾️ Download transcript

Summary

Bestselling author Jay Samit has been described by Wired magazine as having the coolest job in the industry. He is a leading technology innovator who has raised hundreds of millions of dollars for startups; sold companies to Fortune 500 firms, taken companies public, and partnered with some of the world’s biggest brands, including Coca Cola, McDonalds, General Motors, United Airlines, Microsoft, Apple, Verizon, and Facebook. Jay is the CEO of SeaChange International, a leading global multi-screen video software company. He was a senior advisor to LinkedIn, a senior executive at Universal Studios and Sony. Jay was appointed to the White House Initiative for Education and Technology by President Bill Clinton and is an adjunct professor of entrepreneurship at USCs Viterbi School of Engineering. A champion of disruptors, Jay hosted the Wall Street Journal Startup of the Year series. Join us as Jay shares his champion mindset and a glance at his journey to becoming a leading technology innovator by contributing valuable executive experience in the rapidly expanding businesses.

Transcript

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0:00.0

Across the world real estate agents are underachieving. They're missing out all millions of dollars in commissions.

0:09.0

My name is Pat Hyven and in the past 27 years I've sold over 6,000 homes selling over a billion dollars in real estate volume.

0:18.0

My plan is to interview agents from across the world and help all agents create their destiny.

0:27.0

Happy Wednesday Rock Star Nation!

0:35.0

Welcome to Pat Hybin Interviews, Real Estate Rock Stars.

0:40.0

Hope everybody's day is going great and they are making it through the middle of the

0:46.2

week and cranking out some listings and sales and commissions.

0:50.1

Funny I'm here in Folly Beach, South Carolina.

0:53.0

As you know, I have two houses, one here and one back home in the Baltimore suburbs.

0:57.0

And I've been here for the last couple of weeks.

0:59.0

I was really excited because I built a fire pit.

1:03.0

Old school fire pit.

1:05.0

When I was a kid I used to have like these rocks in a circle and

1:08.0

we used to have fires in the backyard and I was really excited to get a house near the beach because I thought I could do this.

1:15.0

And I bought these really massive rocks and had them delivered and made them in the seats.

1:20.0

And I made an old school fire pit and I had a big fire the other night and suddenly a

1:28.0

Folly Beach police officer rose up onto my property and gives me a $500 ticket for having a fire, an unauthorized

1:38.6

fire pit. Evidently the fire is supposed to be two feet or less.

1:43.5

I mean, what the?

1:44.4

Who has a...

1:45.5

Two feet is like nothing and he said it was an unapproved fire pit.

1:51.0

Anyways, I gotta ticket down to City Hall. He gave me a court date and everything. I was like, are you kidding me, 500 bucks? My own property? It pissed me off too because he just walked in. He just walked in and he just opened the gate and came in you know he

...

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