Byron Lazine and Nicole White discuss a video message by new NAR President Kevin Sears and a new (third) study by the Consumer Federation of America (CFA) on the “surfeit of real estate agents," the real issue behind lower-quality service and what it will take to raise the bar.  

Become a member of BAMx: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Effortlessly impress and stay top of mind with your entire database of contacts on AUTOPILOT and skyrocket your referral and repeat business → https://remindermedia.com/

Agent Sentiment Toward NAR: https://nowbam.com/nar-lawsuit-scandal-fallout-consumer-agent-perspectives/ 
Download the full report from BAMx: https://bamx.uscreen.io/programs/october-2023-agent-sentiment-report?category_id=156975 

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://www.nar.realtor/magazine/real-estate-news/kevin-sears-steps-into-role-as-nar-president 
https://consumerfed.org/wp-content/uploads/2024/01/Real-Estate-Report-Part-3-Final.pdf 

Timestamps:

00:00-01:47 Intro
01:47 Topic #1-New NAR President Kevin Sears Shares Video Message
01:55 Kevin Sear’s Video
07:23 Topic #2-CFA’s Third Study on the “Surfeit Of Agents”
09:37 “Training is the big issue, here….” 
11:40 RE/MAX & the motivating power of having “skin in the game” 
24:45 We need to raise the bar for real estate agents (to improve overall quality of service)

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.co/
———
 
#nationalassociationofrealtors     #realestateagents     #remax

Nearly 50% of Agents Report No Sales in 2023 | The Real Word 304

Byron Lazine and Nicole White discuss the new national association for real estate agents co-founded by Jason Haber and Mauricio Umansky—the American Real Estate Association or A.R.E.A.—the challenge of creating a new national listing service, and one leader both Haber and Umansky should be talking to as they iron out the details for NAR’s first national competitor. 

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Effortlessly impress and stay top of mind with your entire database of contacts on AUTOPILOT and skyrocket your referral and repeat business → https://remindermedia.com/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://www.nytimes.com/2024/01/23/realestate/american-real-estate-association-nar.html?unlocked_article_code=1.P00.BqFp.mb-elwOrIKCn&smid=url-share 
https://nowbam.com/competition-for-nar-mauricio-umansky-and-jason-haber-team-up-for-an-alternative-organization/ 

Timestamps:
00:00–00:34 Intro
00:34 Competition for NAR
02:45 Jason Haber and Mauricio Umansky have teamed up to create A.R.E.A.
06:28 Details on A.R.E.A. – what it offers & how it differs from NAR
07:50 New national database (National Listing Service/NLS) in lieu of NAR-affiliated MLSs
15:33 The National Association of Hispanic Real Estate Professionals (NAHREP)

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
———
 
#nationalassociationofrealtors     #mauricioumansky      #MLS

National Association Of Realtors Faces New Competition, More Coming? | The Real Word 305

Byron Lazine and Nicole White discuss the Real Estate News report, conflicting traffic data (ComScore vs Google Analytics), and comments from three CEOs on portal wars.  

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://www.realestatenews.com/2024/01/26/zillow-retained-its-lead-in-q4-homes-com-came-in-fourth
https://www.inman.com/2024/01/25/realtor-com-ceo-loves-heated-competition-with-homes-com/
https://www.inman.com/2024/01/25/compass-ceo-robert-reffkin-comes-out-in-favor-of-homes-com/
https://www.inman.com/2024/01/23/blame-ziltorfin-costar-ceo-says-competitors-souring-industry-rep/

Timestamps:

00:00-01:30 Intro
01:31 Racket #1--Real Estate News Report: Traffic Data from ComScore
08:10 “The battle is between these four…” 
11:00 “Nine times out of ten, I’m usually clicking Zillow…” 
14:19 “I think it’s going to come down to two…” 
14:51 Racket #2—Three CEOs Comment on Portal Wars: “Blame Ziltorfin”
18:37 “We use Google Analytics. And it’s widely accepted as the gold standard…” 

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
———
 
#AndyFlorance      #Zillow      #googleanalytics

Real Estate Search Site Web Traffic, Who’s Winning? | The Real Word 306

Byron Lazine and Nicole White discuss the NAR interim CEO’s video to “set the record straight,” the Keller Williams $70 million settlement, the HomeServices petition to the Supreme Court, and an update on real estate portal wars with the Sistrix Index Watch. 

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

Join us tomorrow (February 7) for BAM Pro Bowl—a FREE virtual event with Ryan Serhant as the keynote speaker: https://brokeagentmedia.lpages.co/bam-pro-bowl-2024/

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://nowbam.com/nar-interim-ceo-sets-the-record-straight-on-commissions-rival-associations-and-agent-services/
https://nowbam.com/keller-williams-becomes-the-third-to-settle-in-sitzer-burnett-agrees-to-pay-70-million/
https://www.inman.com/2024/02/05/homeservices-wants-us-supreme-court-to-weigh-sitzer-burnett-case/
https://www.sistrix.com/blog/indexwatch-2023-us-winners/

Timestamps:

00:00-01:43 Intro
01:44 Racket #1—NAR Interim CEO “Sets The Record Straight” On These Three Things
11:44 Racket #2—Keller Williams Settles Sitzer/Burnett
12:35 Racket #3—HomeServices Wants US Supreme Court To Weigh Sitzer/Burnett Case
19:03 Racket #4—Update On Portal Wars: Sistrix IndexWatch

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
———
 
#sitzerburnett  #nationalassociationofrealtors  #supremecourt

Supreme Court Housing Drama: HomeServices vs. Sitzer Burnett | The Real Word 307

Rob Hahn, aka Notorious ROB, joins Byron Lazine to discuss the HousingWire “debate” between Michael Ketchmark and Anthony Lamacchia, its possible impact on NAR and the outcome of Sitzer/Burnett (and copycat lawsuits), and their reactions to a Super Bowl commercial.

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

Take the BAM x 1000watt Agent Sentiment Survey: https://wss.pollfish.com/link/6b0334c1-18e6-4880-8d21-e8d9126e15d8

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 
Connect with Rob Hahn:  https://www.instagram.com/notorious_rob_blog/
Notorious ROB YouTube: https://www.youtube.com/@NotoriousROB/featured 
Notorious ROB Substack: https://notoriousrob.substack.com/ 

This episode's sources:
https://notoriousrob.substack.com/p/the-law-of-holes
https://www.housingwire.com/events/commission-lawsuit-debate/
https://www.youtube.com/watch?v=fGz99trkmWs
https://www.youtube.com/watch?v=XXdoVYOYJhU
https://www.rismedia.com/2024/01/29/ketchmark-lamacchia-spirited-debate-both-make-forceful-points/

Timestamps:

00:00-01:45 Intro
01:45 HousingWire “debate” between Michael Ketchmark and Anthony Lamacchia
02:57 Rob’s takeaways from the debate ("It wasn't a debate in any sense of the word...")
06:31 "The personal attacks...that was the worst." 
09:32 NAR should publicly distance itself from Lamacchia
14:01 “We need to put this forth…it doesn’t help us to keep arguing…”
25:45 RISMedia panel video
28:12 Notorious ROB Tweets
29:03 “I think Inman, HousingWire, RISMedia…made a massive mistake for putting up Anthony…” 
33:06 “Ketchmark is not the lawyer who brought these lawsuits…” 
36:00 Super Bowl commercial reaction
37:03 Byron’s problem with this commercial…
37:46 Rob’s opinion on commercial

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
———
 
#sitzerburnett       #superbowlcommercial       #debate

Ketchmark Vs. Lamacchia In Lawsuit Debate: Notorious R.O.B. Speaks Out | The Real Word 308

Byron Lazine and Nicole White discuss a proposal from the Department of Justice (DOJ) to put an end to seller-paid commissions for buyer agents and a response from the National Association of Realtors (NAR).  

Watch the Real Word episode 308 with Notorious ROB, “Ketchmark vs Lamacchia Commission Lawsuit Debate: Notorious R.O.B. Speaks Out”: https://www.youtube.com/watch?v=8Ihm7BX2g08 

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://nowbam.com/doj-proposes-an-end-to-seller-paid-commissions-for-buyer-agents/# 
https://www.inman.com/2024/02/23/nar-breaks-silence-on-doj-call-to-decouple-commissions/ 

Timestamps:

00:00-01:38 Intro
01:39 Topic—DOJ Proposes An End To Seller-Paid Commissions For Buyer Agents
03:06 “Here’s the big takeaway….”
05:36 “It’s not ‘could this happen?’ It’s ‘this is happening’….”
06:49 Nicole on buyers submitting offers asking the seller to pay their agent’s commission
08:57 Stephen Brobeck quote from Inman article (CFA hails DOJ’s proposal & NAR’s response)
18:09 “There are so many additional layers to all this…”
19:01 NAR Pres. Kevin Sears: “The way we operate our business is going to change….”

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
———
 
#departmentofjustice  #nationalassociationofrealtors  #commissions

NAR Addresses DOJ’s Seller Commission Proposal | The Real Word 309

Byron Lazine and Nicole White discuss the National Association of Realtors' (NAR) full consumer ad campaign, the Connecticut Realtors' SuperBowl commercial, NAR’s First-Time Buyer TV series, and the difference between NAR’s campaign and Homes.com’s Super Bowl ads

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://www.nar.realtor/thats-who-we-r?narmail=CAC3%2F1%2F24&date=03-02-2024&user=4005647&itid=9166647
https://www.youtube.com/watch?v=UB0VHE4Ao-0
https://www.youtube.com/watch?v=fGz99trkmWs
https://www.youtube.com/watch?v=OurYYiwomm8
https://nowbam.com/how-much-is-nar-paying-its-executives-and-independent-contractors-a-breakdown-of-compensation-from-2011-2021/ 

Timestamps:

00:00–01:15 Intro
01:15 NAR full consumer ad campaign
02:27 NAR’s Friday email to their members (March 1st, 2024 @ 8 pm)
07:27 NAR commercial #1 & reactions from Byron and Nicole
08:58 Commercial #2 (remote property tour)
11:00 Connecticut Association of Realtors Super Bowl commercial
13:30 The Gary Vee 101: “I’d be embarrassed to put that on my social media….” 
15:40 Byron’s take on NAR’s First-Time Buyer TV series (in its 4th season on Hulu)
19:59 Comparing the NAR commercials to the Homes.com Super Bowl commercials

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
——— 

#nationalassociationofrealtors       #superbowlcommercial      #marketing

NAR's New TV Commercials Exposed | The Real Word 310

Byron Lazine and Nicole White discuss how much the National Association of Realtors (NAR) paid its executives and independent contractors in 2022, NAR’s Hulu series, and the request by law firms for the Sitzer/Burnett plaintiffs for $82M in attorney fees from the settlement payout.

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://nowbam.com/how-much-is-nar-paying-its-executives-and-independent-contractors-a-breakdown-of-compensation-from-2011-2021/ 
https://nowbam.com/firms-representing-sitzer-burnett-plaintiffs-request-82-million-from-settlement-payout-for-attorney-fees/ 

Timestamps:
00:00–02:05 Intro
02:05 Racket #1—Nicole’s take on NAR’s Hulu series 
04:59 What’s the impact/viewership of this show?
07:56 “Maybe this should have been training—not entertainment…”
10:07 Racket #2—How much NAR is paying executives and independent contractors?
14:19 Hawas Marketing Group (spending on ineffective marketing vs lobbying efforts)
18:58 Racket #3—Law firms for Sitzer/Burnett plaintiffs request $82M from settlement payout

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
———
 
#nationalassociationofrealtors     #marketingbudget     #sitzerburnett

Up to Date Realtor Expenses Revealed (NAR Salaries) | The Real Word 311

Byron Lazine and Nicole White discuss the terms of the NAR settlement, the brokerages (and agents) left out, an article by Rob Hahn aka Notorious ROB, and commission lawsuit plaintiffs seeking $4.7 billion from HomeServices of America. 

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

LIVE Knowledge Brokers Panel: The NAR Settlement: What agents need to know: https://www.youtube.com/watch?v=-Qdxi6JJOuM 

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://nowpondering.com/wp-content/uploads/2024/03/nar-settlement-agreement-download-2024-03-15-JThompson-NowPondering.pdf  
https://notoriousrob.substack.com/p/second-take-nar-settlement-big-brokerages 
https://www.realestatenews.com/2024/03/18/plaintiffs-seek-whopping-usd4-7-billion-from-homeservices 

Timestamps:

00:00–01:22 Intro
01:23 Racket #1: NAR’s Terms For Commission Lawsuit Settlement
02:33 This does NOT end all commission-related lawsuits.
07:41 The formula for opting in, with examples from Rob Hahn (Notorious ROB)
09:09 Notorious R.O.B. “Big Brokerage Club”; Compass looking at $570 Million
13:14 Total Settlement is actually $2.24 Billion
13:31 Racket #2: Plaintiffs Seeking $4.7 Billion From Berkshire Hathaway / HomeServices
15:03 Notorious ROB calls the settlement, “Socialism Realtor-style”
16:53 List of some companies involved in NAR’s terms
17:38 Will excluded brokerages seek their own settlement (apart from NAR)?
25:26 Wednesday’s LIVE Knowledge Brokers panel on the NAR settlement

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
———
 
#nationalassociationofrealtors    #settlement    #sitzerburnett

NAR Blindsides Big Brokerages In Lawsuit Settlement | The Real Word 312

Byron Lazine and Nicole White discuss real estate head counts under pressure, Barbara Corcoran’s comments on the NAR settlement, and the Kevin Sears interview with Jared James—before roleplaying how to discuss the NAR settlement when the topic comes up in conversation. 

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe 
Use discount code REALWORD for 10% off your annual subscription! 

BAM Camp D.C. → Early Bird Pricing extended! https://brokeagentmedia.lpages.co/bam-camp-dc/

BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/ 

𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/

Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka 
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate 

Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ 

This episode's sources:
https://www.resiclubanalytics.com/p/real-estate-agent-head-counts-will-pressure-even-commissions-hold-steady 
https://nowbam.com/why-barbara-corcoran-says-the-nar-settlement-is-not-a-big-deal/
https://nowbam.com/nar-president-kevin-sears-on-nars-decision-to-settle-the-dojs-role-va-buyers-nar-dues/ 

Timestamps:

00:00-00:39 Intro
00:40 Racket 1: Real Estate Agent Head Counts Will Be Under Pressure
17:40 Racket 2: Barbara Corcoran’s Comments on NAR Settlement
25:08 Racket 3: Kevin Sears Interview With Jared James
31:11 Roleplaying NAR Settlement When Brought Up In Conversation

———
BAM PARTNERS
𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/
𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/
𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee →  https://myvirtudesk.com/contact?promocode=BAM200
𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name
𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 
———
 
#realestateagents     #barbaracorcoran     #nationalassociationofrealtors

Commission Scripts, Barbara Corcoran's NAR Comments, & Agent Counts | The Real Word 313

Welcome to The Real Word, hosted by real estate professionals and entrepreneurs Byron Lazine and Nicole White. Each week, Byron and Nicole share their word on current industry news, discuss rackets flooding the industry, and shout out a marketeer of the week.

NAR's New TV Commercials Exposed | The Real Word 310

The Real Word

Related tracks