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The Rich Somers Report

The NAR Settlement Explained & How He’s Disrupting the Need for Real Estate Agents | Brad Rice E208

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 27 June 2024

⏱️ 78 minutes

🧾️ Download transcript

Summary

The NAR class action lawsuit will disrupt real estate as we know it, and Rich and Brad Rice dive deep into why during today’s episode, right before they switch gears to boat lending and how to create a home listing in under 5 minutes. Rich sits down with Brad Rice - Founder and CEO of Amerifund Home Loans, a nationally recognized mortgage company and Homepie, a groundbreaking and disruptive online marketplace that enables anyone to sell their own home without paying excessive real estate...

Transcript

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0:00.0

What I did is I took this idea of how easy it is to create a listing to sell your car in like auto trader.

0:06.0

You go through a few steps, it asks you, you know, what make, what model, and starts filling in information,

0:12.0

then a description, then you post your own photos, you set the price,

0:15.3

boom, it's online, and you wait for people to get a hold of you.

0:18.9

Obviously a lot more complex with homes.

0:21.1

And so I said, okay, how do we take something that's far more complex and make it easy?

0:26.2

Well, what other software has done that? And I thought TurboTax, right? You can file very complicated tax returns just answering bite-size questions and the answers

0:36.1

change the following questions and so we took those two concepts and married them.

0:40.4

Literally you can create a listing in five minutes.

0:43.0

Welcome to the Rich Drummers Report where we talk real estate, business, and wealth building

0:48.0

all while keeping it real.

0:49.0

No fluff, no BS. I hope that you enjoy the show. All right guys, welcome to another episode of the report today. I am very excited because we got a repeat guess we got

1:04.8

someone who is a good friend of mine. He is an investor in our fund but more

1:09.1

importantly he is doing big things in the real estate space

1:12.8

and a native of Southern California.

1:14.7

I got my man for the second time, Brad Rice.

1:16.9

Brad, Brad, welcome back to the show.

1:18.3

Thank you, man.

1:19.1

Good to be here.

1:19.8

Yeah, dude, excited to meet your son, Devon, who's sitting over here across from us as we speak right now

1:26.3

you guys are in town for a couple days saying it one of my actually me my first ever

1:31.9

Airbnb right which is right here across the freeway in

...

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