Will YOU Survive the Great Commission Shift?

Real Estate Training & Coaching School

Business, Careers

4.7 • 669 Ratings

🗓️ 22 August 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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 How are you handling the Commission $hift? Is commission even shifting, or is it just how you practice real estate that's changed? How are you doing with these changes? Are you hanging in there, freaking out, or proceeding with confidence? In light of recent changes to commission-sharing policies, which went into effect on August 17, 2024, we've been monitoring the confusion in the marketplace after the first whole weekend of sales activity. Agents fall into several categories so far: -Educated, motivated, and entirely in action, operating 'business as usual'. or -Confused, needing more direction and leadership, resulting in either in-action or proceeding incorrectly. (This is the case with agents trying to force open house buyers to sign a Buyer Agency Contract before entering the home). Most agents are somewhere between confident and confused. We'll help you fix that today and tomorrow. Most importantly, we will show you how to simplify all of this using some standard, simple practices that will alleviate stress for both you and your buyer clients! Our job is to educate you, motivate you, and get you into action in this new environment. We want you all to be in the first category so you can have your best quarter ever. Remember that knowledge = confidence, and ignorance = fear. That's why the following two podcasts will focus on clarifying best and correct practices based on fact, not guesswork. The following points provide clear and concise direction based on the latest guidelines from the National Association of REALTORS® (NAR). These clarifications will help you navigate the new landscape and ensure compliance with the updated policies. 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, Tim and
0:28.3	Julie Harris. Three, two, one, and we're back. And of course, we're going to be drilling down
0:34.2	in the next couple days on what's happening with buyer agency, but also what's happening with commissions in general. So today's podcast is called, well,
0:41.3	today's and tomorrow's, is will you survive the great commission shift? And Julie has spent a lot
0:46.3	of time on this topic. And it's interesting, Julie, I know you wrote this a couple days ago,
0:50.3	this outline. Oh, by the way, if you want the outlines to any of our podcasts, and a lot of
0:54.8	you do use this information for your social media, maybe you're an office or a broker yourself,
0:59.5	and you're wanting to have some additional content to share with your agents. Well, you can get
1:03.2	access to our full notes that we spend a lot of time creating, mostly Julie, when I say we.
1:09.0	Thank you, Julie. Just have to go to harris real estate
1:12.5	daily.com Harris real estatedaily.com and subscribe that's it just stick your email address in
1:18.3	that little box and you're off to the races that is the only place where our full notes are
1:22.4	still being published we used to be able to put them on iTunes and Stitcher and all the other
1:26.2	places but they have edited how much space or limited how much space we can use.
1:30.2	So if you want all of our notes, which I know a lot of you do, please do subscribe to our free newsletter.
1:35.4	It's called Harris Real Estate Daily.com, and you can just go there now and subscribe.
1:40.8	All right, Julie, so let's just roll right in.
1:42.8	All right, so here's a big question.
1:44.1	How are you handling the commission shift? Now, is commission even shifting? Or is it just how
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