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Wealthy Way

Which Agents Will Rise and Fall in the 2024 Real Estate Market

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 5 June 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

Ryan Serhant’s talks 2024 Real Estate Market Predictions.---Secure your spot at the #1 conference for real estate, entrepreneurship, and social media here - https://www.wealthcon.org/Feeling lost as an entrepreneur or real estate investor? Get access to our community, coaching, courses, and events at Wealthy University https://wealthyuniversity.com/If you want to level up, text me at 725-444-5244! ---

Transcript

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0:00.0

What do you think is going to happen with all this NAR stuff, man?

0:04.0

Listen, I think there's, there are paradigm shifts in industries all the time.

0:10.6

This is nothing greater than that.

0:13.0

I think that the best agents are going to rise to the top.

0:16.0

I think the agents that are in it to try to make a quick buck or think there's a get-rich quick scheme

0:21.0

are going to find other things to do.

0:24.0

I think it will be much easier probably in most national markets.

0:27.8

I think in luxury markets, agents are really going to have to figure out how to have a conversation with the buyer to really kind of show their value and they're going to have to do more work, you know, and they're going to have to do more value. I mean, to be completely honest, like it's all about showing value now more than ever before.

0:45.0

Nothing can be, you know, nothing's a given.

0:47.0

I don't think it's to the benefit of the consumer, that's for sure.

0:50.0

I think the consumer is going to end up just paying more.

0:52.0

Yeah. And they're going to pay more in fees, even though consumer is going to end up just paying more.

0:52.6

Yeah, and they're going to pay more in fees,

0:54.4

even though they're going to feel like they're getting a better deal.

0:56.4

Everything's just going to get more expensive.

0:58.4

It's like increasing minimum wage in California right now.

1:00.6

Like I don't live in California. But all I can see so far is in order to afford it, the

1:05.7

consumers have to pay for it. Yeah, right? Well, you know what I was thinking was, it's just,

1:11.0

there's gonna just be a new norm at some point like they're going to either say

1:15.3

buyers will start asking for closing costs including a commission you know or like

1:20.9

it's just like the cost doesn't go away.

1:23.6

Yeah, it's just gonna change how they do it.

...

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