Podcast: Zillow "Brokerage' Is Here, Now What? | Tim and Julie Harris

Real Estate Training & Coaching School

Business, News, Careers, Business News

4.4 • 705 Ratings

🗓️ 25 September 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

The real estate industry is reeling now that Zillow has (finally) rolled out their own national real estate brokerage. The question is, what happens next? Listen to todays show as Tim and Julie Harris drill down on the 'Zillow Threat'. What will probably happen next:- Zillow could undercut the listing commission structure to get market share and there is basically nothing you can do. They are being aggressive on their ibuyer offers to gain market share for their ibuyer.....they are losing money per flip. Why wouldn't they do that for the sake of gaining market share for RESALE non-ibuyer listings. Zillow claims they wont do this, but they will.- This will mostly effect midsize brokerages.- Big brokerages could choose not to participate in their local MLS (thus IDX) and start their own national portals. (eXp is doing this)- Zillow could easily effect the entitlement of buyer agent commissions as an automatic seller expense. Meaning, buyer agents commissions will be paid by the seller overtly.- Z

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.
0:21.2	Real Estate Coaching Radio is the nation's number one daily radio show for realtors
0:25.9	who demand authentic real-time coaching.
0:29.1	Get ready for fluff-free, unfiltered, full-strength honesty about what's truly working
0:34.0	to get you into action, helping others others and making money now in today's real
0:38.6	estate market now to our hosts tim and julie harris three two one okay we are back welcome to
0:48.6	friday i'm going to start out by friday the 25th of september i want to start out by thanking all
0:53.5	of you for continuing to make
0:55.4	this and everyone listen to a daily podcast. And I was going to say in the nation, but I dare say
1:00.5	that we might be venturing into a much, much larger global audience. The new statistics are out
1:06.4	and the podcast listenership is increasing, not just in the United States, but also we're
1:11.0	picking up listeners in over 50 different countries.
1:14.1	So for all of you who are listening to us in different countries, thank you.
1:18.0	I mean, we're thrilled to know that we're hopefully having some level of inspiration and
1:22.0	motivation for real estate professionals around the globe.
1:25.1	It's quite an honor, actually.
1:27.0	And thank you for that.
1:28.3	And thank you also for continuing to make our book Harris Rules, one of the number one selling
1:33.3	real estate books of all time. I believe at this point there's maybe only one or two real estate
1:38.3	books, you know, books that are essentially written for folks in the real estate industry that have
1:42.4	sold more copies. And that's in all forms digital
1:45.4	audible you know kindle the whole everything and and most of those books are the two books that I'm
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