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Real Estate Training & Coaching School

REALTORS®: Say This, not That, to Avoid a Violation Slap!

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, Careers

4.7669 Ratings

🗓️ 3 September 2024

⏱️ 25 minutes

🧾️ Download transcript

Summary

Welcome back to America's #1 Daily Podcast,  featuring America's #1 Real Estate Coaches and Top EXP Realty Sponsors in the World, Tim and Julie Harris. Ready to become an EXP Realty Agent and join Tim and Julie Harris?  Visit: https://whylibertas.com/harris or text Tim directly at 512-758-0206. IMPORTANT: Join #1 Real Estate Coaches Tim and Julie Harris's Premier Coaching now for FREE. Included is a DAILY Coaching Session with a HARRIS Certified Coach. Proven and tested lead generation, systems, and scripts designed for this market. Instant FREE Access Now: YES, Enroll Me NOW In Premier Coaching https://premiercoaching.com 5 Key Points on Staying Compliant with the New MLS Rules. Don't get slapped with a violation and a fee!  Words matter. You're operating in a heightened regulatory environment where MLS's are watching for violations and agents to make an example of. Note: We are not attorneys or your broker! Check with your broker and state associations and MLSs for specific, attorney-vetted compliance issues. Our podcast is designed to educate you, motivate you and get you into action! 1. Use the Term "Fee" Instead of "Compensation" or "Commission": Agents should shift their language to use the word "fee" rather than "commission" or "compensation" when discussing payments. This change helps avoid the negative connotations associated with these terms due to recent litigation. Referring to it as a "fee" opens up various possibilities for sellers to assist buyers, such as offering credit for repairs or helping with interest-rate buy-downs.  Stop saying compensation and commission. HUGE Announcement: You will love this! Looking for the full outline from today's presentation? Our DAILY Newsletter featured lead generation systems, real estate scripts, daily success plans and (YES) the notes or today's show. Best part? The newsletter is free! https://harrisrealestatedaily.com/

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,

0:27.8

Tim and Julie Harris. Welcome back. Today we're going to be talking about what not to say,

0:34.5

what to say, to avoid the violation slap. Now, we are sharing this content with you

0:39.9

because we've been getting a lot of emails and calls and messages and all the rest of it from all

0:43.9

our coaching clients and EXP family about, you know, frankly, they don't want to get in trouble

0:48.3

with their MLS. They don't want to break any of the rules. So what Julie put together is a relatively

0:52.6

brief to the point presentation today, a podcast,

0:55.8

so that you guys can at least have the basics understood as far as what to do, what not to do.

1:01.1

If you don't, of course, want to have a violation slap or, you know, some kind of other way

1:06.7

that they're going to be calling the newest way of to extract money from realtors really is really

1:10.9

at the end of the day. I mean, well, it's because that, you know, what are we hearing? Some of the

1:14.4

violations are going to cost anywhere from, what's the range you've heard? 500 to 5,000 per incident.

1:20.4

Yep. And I heard also some of these MLSs are going to try to have like a three strikes in your

1:24.8

out type policy where they can you know ban you from having

1:27.8

mLS access you which is really kind of fascinating too because that doesn't mean anything really

1:32.8

happens to your license it just means that you're no longer a member of the mOS it causes an

1:37.6

inconvenience for you well it sure does but if the mOS is all the sudden start to go you know

1:42.4

i think a little bit high on their own supply.

1:45.8

Draconian perhaps.

...

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