End Times For Buyer Agents & Co-Op Commissions?

Real Estate Training & Coaching School

Business News, News, Careers, Business

4.4 • 705 Ratings

🗓️ 7 April 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to the podcast show "End Times for Buyer Agent Commissions?" with Tim and Julie Harris, America's #1 Real Estate Coaches. In this episode, we will discuss the National Association of Realtors (NAR) facing multiple lawsuits related to their Buyer Broker Commission Rule, also known as the Participation Rule, and their MLS policies. These lawsuits could have a significant impact on real estate agents and the industry as a whole. We will summarize the top-level details of the lawsuits and offer our opinions on what will happen next and what agents should be doing about it. We will also discuss ten key points to consider, including the potential changes in how commissions are structured and paid to agents and how buyer agents will need to learn how to formally present their value to the buyer, and what their buyer agent service fee will be. Join us to learn more about the impact of these lawsuits on the real estate industry and what you should be doing to stay prepared for potential changes in the industry. WARNING: 2023 Housing Market QUESTION: Agents, Are You 100% Ready For 2023, Do You Have A Proven Success Plan? If Not, Do This: Join the #1 Award-Winning Real Estate Coaching & Training Program FOR FREE! Yes, This Includes Daily Live Coaching! Join For FREE Now. Reclaim Your Life & Break Free Of Worry. The Path To Success Is One Click Away. JOIN Premier Coaching For FREE Now. https://bit.ly/3aUimkh P.S. Limited Offer. This Is A Personalized, Live Coaching Program. Limited To 250 Agents. *We will also explain how to systematically approach each source, and recommend resources and discounts for you. LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. We would love to be your sponsor at eXp Realty. Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206. Our EXP Realty site: https://bit.ly/3NJTPwB * Completing the EXP Realty application now? Name JULIE HARRIS from Georgetown Texas as your sponsor! Watch this video: https://bit.ly/3QjYJCo and here is the application: https://bit.ly/3MKPw35 FOLLOW TIM AND JULIE HARRIS: Nations #1 Daily Real Estate Training Podcast: https://apple.co/3xJgofx YouTube: https://bit.ly/3NXGxNb Facebook: https://bit.ly/3twOBfM Instagram: https://bit.ly/3QjxdVF eXp Realty: https://bit.ly/3NJTPwB HARRIS Real Estate Coaching: https://bit.ly/3tvp0DI Our #1 international best-selling book: https://amzn.to/3tzHymr Free DISC Personality test for Realtors: https://bit.ly/3aUimkh MORE REAL ESTATE TRAINING VIDEOS YOU WILL LOVE: Peter Schiff Interview: https://bit.ly/3aXC1zN EXP Realty Explained: https://bit.ly/3mGBVyV Housing Bubble Popping?: https://bit.ly/3MK62A7 Housing Crash Survival Guide: https://bit.ly/3zxoyZD 5 Must Know Success Rules For This Market: https://bit.ly/3QeSbVv Real Estate Agent New Mortgage Rules: https://bit.ly/3zCjSld FAMOUS REAL ESTATE AGENT INTERVIEWS: 100s of interviews: https://bit.ly/3Qk85he Featuring: Fredrik Eklund: https://bit.ly/3NMDOpE Ryan Serhant: https://bit.ly/39fx6tx Jade Mills: https://bit.ly/3tvZQVC WHO ARE TIM AND JULIE HARRIS?: https://bit.ly/3mGOWbU

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads,
0:21.8	make more money, and have more time for what you love in your life. And now your host, Tim and
0:28.3	Julie Harris. Three, two, one, and we are back and we were talking with you guys today about a topic
0:35.3	that seems to be on everyone's mind. And so we felt compelled to step away from our normal podcast fair and present our opinion.
0:43.5	We're all really starting with the facts and then our opinion on what's going to come from
0:47.2	this big, you know, really, I would say substantial and potentially significant litigation that's happening against National Association
0:56.8	of Realtors and all the big real estate brands with regards to really what amounts to
1:02.5	buyer agent commissions.
1:04.2	Yes, that's exactly right.
1:05.4	So we're going to sort out the facts.
1:07.7	There has been a lot of discussion.
1:09.1	I've seen people posting on blogs and Facebook and this and that. And then we're going to talk about what we think will come next as well.
1:14.8	That's right. So we're going to give you the dry sort of, you know, drill down points.
1:18.8	And I spent, this is something I put together last maybe three days. And it was really hard
1:23.6	to find these facts. And I, because most people out there are not really giving you
1:28.0	the drilled down facts, especially when we are looking on YouTube and whatnot. There's just not a lot
1:32.7	of really deep drill down content. So that's what this is going to be. So the first 10 facts that
1:37.6	Julie is about to share with you, they're kind of boring, but the fact is that you should know
1:41.3	about these things. So then the second part where Julie and I
1:44.8	will make our suggestions as to what might come from all of this and what you should be doing about
	...

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