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The NAR (National Association of Realtors) is having annual meetings this month. According to our best, Teresa Autrey here's what the housing market's future looks like. #homefieldadvantage #kellerwilliams #nar #mortgages #interestrates #tkr #TKRPodcast #TKRApp #TonyKurre #TeresaAutrey Grab the free TKR app to ROCK Apple - https://apps.apple.com/us/app/tkr/id1463187328
Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets. Is it about to get even worse for NAR (National Association of Realtors)? After a ground-breaking agent commission lawsuit settlement forced the organization to pay out hundreds of millions, NAR has been on thin ice. They had just come off of a massive change in leadership, with some executives facing sexual harassment accusations, only to have the spotlight put on them once again. But it's not over. A new investigative piece from The New York Times reporter Debra Kamin uncovers a web of hidden donations to political groups that many NAR members aren't aware of. NAR, the largest lobbyist group in the country, is well-known for donating to political causes that benefit their industry. However, it seems those donations heavily lean to one side of the political spectrum. So, is this a problem? Could it even be illegal? Debra reveals that many of these donations go to groups unrelated to real estate, leaving some members frustrated with how their dues are being spent. Could this be the final blow to NAR, paving the way for more competition among real estate agent organizations? Debra is on to break the story. In This Episode We Cover The new investigation on where NAR “donations” and member dues are going NAR's recent turmoil with massive lawsuits, sexual harassment accusations, and more What do realtors think of their dues being spent on fringe political causes? The future of NAR and whether they'll recover from their recent internal challenges A new DOJ (department of justice) investigation into NAR and whether members will leave And So Much More! Links from the Show Read the Full Article Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile On the Market 197 - NAR Finally Faces Competition: Is the Agent “Monopoly” Over? w/Jason Haber and Mauricio Umansky On the Market 201 - Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times' Debra Kamin Grab the Book “SOLD: Every Real Estate Agent's Guide” Jump to topic: 00:00 Intro 01:30 NAR Turmoil 03:46 The Largest Lobbyist Group 08:53 Quietly Funding Political Causes 14:17 Is This Illegal? 17:29 What Realtors Think 20:40 The Future of NAR 26:58 Read the Full Story Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-277 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Are we in store for another agent commission lawsuit battle? Why are home sales spiking right after the election? And guess what…it's not investors buying up all the houses this time. We're getting into the biggest housing market news in today's headlines episode! Plus, we're sharing exactly what you need to do TODAY to still get real estate deals done, even with high interest rates and higher home prices. Home tours are surging after the election as potential homebuyers breathe a sigh of relief knowing that 24/7 election coverage has finally ceased. But it's not the investors who are coming back to buy the houses. Investor purchase numbers are falling, so why are landlords sitting on the sidelines this time? And say it ain't so…another real estate agent commission lawsuit could be on the way as the Department of Justice finds faults in the NAR settlement. What does this mean for agents, brokers, and realtors? Will an easily browsable listing site like Zillow take over in place of real-life realtors? Some worry a Zillow “monopoly” could be forming. We're sharing what we think in this episode. In This Episode We Cover Why home sales are starting to jump after the 2024 presidential election results The future of agent commissions and whether they could be regulated even more The Zillow “monopoly” that some worry will overtake the NAR (National Association of Realtors) What's causing investor purchases to shrink since the pandemic? Where James and Kathy see investing opportunity in the 2025 housing market And So Much More! Links from the Show Join the Future of Real Estate Investing with Fundrise Join BiggerPockets for FREE ? Find an Investor-Friendly Agent in Your Area Dave's BiggerPockets Profile James' BiggerPockets Profile Kathy's BiggerPockets Profile On The Market Podcast 201 - NAR Settles for $418M, Buying and Selling Homes Could Change Forever Pending Home Sales Rise After Post-Election Surge in Home Tours The battle against 6% broker fees isn't over after a surprise 11th hour court filing Zillow's Takeover of the Real Estate Industry: The Path to Monopoly Investor Home Purchases Plateau After a Pandemic-Era Rollercoaster Ride Grab Dave's Newest Book, “Start with Strategy” Jump to topic: (00:00) Intro (00:58) Post-Election Home Sales JUMP (09:56) Another Agent Commission Lawsuit? (18:07) The Zillow “Monopoly” (21:44) Investor Sales Shrink (34:10) Stick Around for This! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/on-the-market-275 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of Real Estate Success: The Whissel Way, hosts Kyle Whissel and Bryan Koci dive into the aftermath of the NAR (National Association of Realtors) settlement and its impact on real estate agents. They break down the decoupling of commissions and how it affects negotiations between buyers and agents. Kyle and Bryan explore how this change benefits both strong and weak agents, why commissions may actually increase, and provide practical tips on how agents can adapt and thrive in this new landscape. They emphasize the importance of negotiation skills, clarity with clients, and staying ahead of market changes. 3 Key Takeaways: Simplified Commission Conversations: Decoupling commissions makes it easier for agents to discuss commissions with sellers, focusing on one number, which often results in higher listing commissions. Buyer Agreements Protect Agents: Implementing buyer representation agreements ensures that agents are compensated for their work and prevents being used as a "door opener." Negotiation Creates Opportunity: With commissions now fully negotiable, agents who master negotiation skills can secure better deals for themselves and their clients, leading to increased income. Chapters: 00:00 – Intro and Overview of the NAR Settlement 02:20 – Breaking Down the New Commission Structure 05:00 – How Agents Can Benefit From the Changes 08:30 – Listing Side Silver Lining: Simplifying Commission Talks 12:10 – Buyer Representation: Why It's Crucial Now 15:50 – Protecting Yourself with Buyer Agreements 17:20 – Negotiation Opportunities and Strategy 19:40 – Common Mistakes Agents Make in Negotiations 22:50 – NAR's Rollout and Misinterpretation Issues 26:36 – Closing Thoughts: Strong Agents Will Thrive
Talk about perfect timing! Our powerhouse panel went live just 20 minutes after the Fed dropped rates by a whopping 50 basis points - the first cut in 4 years, signaling the end of a tightening cycle. We're thrilled to welcome back industry experts Brittany Gibbs and Heather Robbins to break it all down for you. In this highly relevant episode, hosts Joe and Steve join these powerful women in real estate to discuss the latest changes and outlooks. We dive into the implementation of NAR regulations and buyer rep agreements, exploring their current impact on all sides of the industry. Our experts emphasize the paramount need for education and share their insights on how these changes will shape the market. Join us for a no-holds-barred discussion on the end of the tightening cycle and its impact on your wallet, game-changing shifts in commission structures, navigating the new world of buyer representation agreements, and market trends that could make or break your next deal. Whether you're a seasoned pro, a newbie agent, or looking to buy or sell, this episode is packed with invaluable insights and insider tips to help you adapt to these seismic shifts. Get ready to position yourself for success in this brave new world of real estate! Don't miss this comprehensive overview of the current real estate landscape with Brittany Gibbs and Heather Robbins. Tune in now to gain the edge in your next transaction! Key Takeaways Recent Federal Reserve rate cut of 50 basis points, signaling the end of a tightening cycle. Changes in real estate commission structures due to NAR (National Association of Realtors) settlements. Implementation of buyer representation agreements and their impact on the industry. A negative for buyers, if they don't do their research, is getting into an agreement with a realtor who may not be a good fit. There's still some bad information out there but it will shake out over time. Realtors need to understand the new regulations and there has to be education on the buyers and the seller side. One of the cons of this new system is that there is more urgent paperwork up front. Market trends: Increasing activity despite previously high mortgage rates. Expectations for lower mortgage rates (potentially reaching a high 5% range) and increased market activity. Importance of educating clients (both buyers and sellers) about new industry practices. Challenges and opportunities presented by the new commission structure. Strategies for adapting to changes, including non-exclusive agreements for Zillow leads. Discussion on dual agency and its potential risks. Impact of changes on different types of real estate professionals (strong vs. weak agents). Predictions for the real estate market in an election year. Connect with Joe Soldera Properties Joe on LinkedIn Connect with Steve Steve's Team at Premiere Property Group Steve on LinkedIn Connect with Brittany Brittany Gibbs - Move Real Estate Brittany Gibbs LinkedIn Connect with Heather Heather Robbins - Robbins Realty Group Heather Robbins LinkedIn Resources PDX Real Estate EP160: The Interworkings Of A Winning Real Estate Portfolio With Rob Levy And Dirk Zeller
Massachusetts Senator, Elizabeth Warren, has a plan to make housing more affordable. Or does she? I explore this topic and review her bill.S H O W N O T E SWarren X PostWMUR-TVCNN (Article)CNN (Survey - PDF)S4824 (American Housing and Economic Mobility Act of 2024)NAR (National Association of Realtors)ReasonWait Song: Smoke RisingMusic by: CreatorMix.comVideo
Mr. Samir Arora is the CEO and Founder of Huts Global, President and Chairman of CREA (Confederation of Real Estate Associates), and served as the Past President of NAR (National Association of Realtors India) during 2022-2023. With over 25 years of experience in the real estate sector, he comes from an army family but chose to break the mold by initially venturing into textiles before transitioning to real estate. In this episode, Mr. Sameer discusses the importance of networking in the real estate industry, his inspiration for entering the field, and his journey with NAR India. He will also share insights into the evolution of a broker into a realtor, certification courses for realtors, the Bangalore market 20 years ago, the land acquisition process, and much more. 00:00 Introduction 02:37 Educational Journey 05:45 Career Journey 07:37 Transition from Textile to Real Estate 10:16 Inspiration for Joining Real Estate 13:56 The Importance of Networking 19:13 Journey to NAR 24:40 Learning from Associations 28:04 Certification Courses for Realtors 30:22 Evolution of Brokers 36:14 The Future of Realtors 39:01 About NAR - USA 44:12 Bangalore Markets 20 Years Ago 50:25 Land Acquisition Process 52:49 Conclusion Host Krish Jain, Head management at H.Rishabraj Instagram: https://www.instagram.com/speakingrealestate/ Facebook: https://www.facebook.com/profile.php?id=61551195292538 Linkedin: https://www.linkedin.com/in/krish-harish-jain/ Guest Samir Arora, CEO & Founder-Huts Global, President & Chairman-CREA (I), Past President (2022-23) -NAR India Linkedin: https://www.linkedin.com/in/hutsglobal/ Instagram: https://www.instagram.com/thelielama_samirarora/
Join Sharon McNamara, Broker & Owner of Boston Connect Real Estate along with her co-host, Melissa Wallace, Director of Operations, as they discuss how the mandatory MLS policy changes put into place by NAR (National Association of Realtors) effect Home Buyers & Home Sellers. Podcast & Live Radio Show on WATD 95.9 The McNamara Horton Group Boston Connect Real Estate Sharon McNamara | Melissa Wallace Facebook Live every Tuesday at 6:15 pm & Saturday at 8AM @ facebook.com/McNamaraBrokerTeam Follow our team on Instagram @TheMcNamaraHortonGroup
In this episode, we dive deep into the monumental decision by eXp Realty to end buyer broker compensation, a move that's sending shockwaves through the real estate industry. Is this a game-changing innovation, or are we witnessing the beginning of the end for traditional real estate transactions?Key Topics Covered:✅eXp Realty's controversial decision to stop offering broker-to-broker compensation.✅How this shift aligns with the recent DOJ ruling in the NAR (National ✅Association of Realtors) commission lawsuits.✅The potential impact on real estate agents, buyers, and sellers.✅Exploring the "workaround" mindset and why it's only a temporary fix.✅The significant changes in commission disclosure rules in states like Colorado.✅Why this could be an opportunity for agents to redefine their value proposition in the market.Why This Matters: The landscape of real estate is evolving rapidly, and eXp Realty is at the forefront of this transformation. With the ongoing NAR commission lawsuits and increasing scrutiny on broker-to-broker compensation, this decision marks a significant departure from traditional practices. But what does it mean for you as a real estate professional? How will it affect your bottom line and your clients?In this episode, we'll explore the potential benefits and challenges of this industry shake-up. From the implications of no longer disclosing commission co-ops to the opportunities for sellers to maximize their profits, we'll cover it all. Whether you're an agent, a buyer, or a seller, understanding these changes is crucial for staying ahead in this competitive market.Key Takeaways:✅Learn how eXp Realty's decision could impact your business.✅Understand the legal background, including the NAR lawsuits and DOJ rulings.✅Discover strategies to navigate this new landscape and thrive despite the changes.Join the Conversation: Do you think this is a smart move by eXp Realty, or are we heading toward a crisis? Share your thoughts in the comments below and let's discuss how this decision could reshape the future of real estate.#eXpRealty #BuyerAgentCompensation #RealEstate #NARLawsuit #DOJRuling #BrokerToBrokerCompensation #RealEstateAgents #CommissionChanges #RealEstateIndustry #eXpRevolution
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 commissions. During his 30-year career, Brad has scaled, owned, and operated several successful mortgage companies, an escrow company, a real estate brokerage, and real estate investment groups.Rich and Brad discuss Rich's Banker Hill property, The 7 Figure Creator group, the current lending space, HELOCs, what Brad is doing in the lending space, reverse mortgages, Rich's first win in the real estate space, and why Rich and Brad do business in California. They also reflect on Rich's idea for a San Diego Real Estate Conference, Brad's company - Homepie, Brad's vision for the future of real estate, and how to create house listings and agreements in only five minutes. Lastly, Rich and Brad talk about a class action lawsuit that has completely disrupted the realtor space and will force several severe NAR (National Association of Realtors) and brokerage practice changes, why Rich only works with listing agents, commercial lenders and sellers, why Rich doesn't like people who aren't gamers, a deep dive on Rich's new boat, wake surfing, Brad's private lake, Rich announces the next Somers Capital holiday party, and Brad announces the title of his podcast.Connect with Brad on Instagram: @thebradriceSell Your Home with Homepie: https://homepie.com/--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more.Interested in joining The 7 Figure Creator Mastermind? Visit www.the7figurecreator.com to book a free intro call. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.
In this episode what you need to know and understand about the changes coming up this summer when working with a realtor. How does this affect buyers buying a home, and sellers listing their home. Let's talk about it.
Thinking of ditching the agent and selling your house yourself? You're not alone! This video equips you with the data-driven strategies to become a successful FSBO (For Sale By Owner) seller.We'll break down the key motivators for going solo and show you exactly what data you need to succeed. From pinpointing accurate comps (comparable properties) to understanding the impact of NAR (National Association of Realtors) on the agent industry, we'll empower you to make informed decisions throughout the process.In this video, you'll learn:- Why some homeowners choose to FSBO- The essential data you need to price your home competitively- How NAR statistics can impact future agent costs- Tips to navigate the selling process with confidenceReady to take control and maximize your profits? Grab your data toolkit and watch now!Join our facebook group: https://www.facebook.com/groups/263033709360071/
PART 1: Scott and I discuss the pending settlement (yet to be approved by a judge) with the NAR (National Association of Realtors) and plaintiffs who sued the organization. The potential impact on the industry for Real Estate Agents, Buyers and Sellers. You can't talk about the settlement without discussing Real Estate, its practices, agents and their workload and what the public knows, or think they know about how the Real Estate business actually works. Including the scope of services and expertise agents can offer to Buyers and Sellers. Some claim this will "Change Real Estate Forever." "6% commissions are gone," "Buying and Selling Homes will be so much less expensive." We discuss the myths and the likely changes in the industry and those things that may not change. Its a good conversation....join us. --- Support this podcast: https://podcasters.spotify.com/pod/show/papaguypodcast/support
Daniel Foch is a real estate broker, working in the real estate industry for over 15 years. Daniel and his team have transacted over $250M in real estate across a variety of asset classes. Daniel was an active instructor, contributor and researcher in the University of Guelph's Real Estate Faculty. He hosts The Canadian Real Estate Investor Podcast. On this episode, we discuss: The latest real estate news headlines like: Inflation in the US and its impact on the Canadian economy Recent OSFI (Office of the Superintendent of Financial Institutions) regulation changes Upcoming opportunities in the Canadian real estate market NAR (National Association of Realtors) lawsuit Recent TRESA changes and open bidding You can reach out to Daniel by visiting www.danielfoch.com Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram
A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times' Debra Kamin joins us to break the story. Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents' livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely. We'll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we'll give you the entire scoop. In This Episode We Cover: NAR's massive settlement creating ripple effects across the real estate market The new real estate agent commission rules that could shock an entire industry Changes to the multiple listing service (MLS) that may open the market up to new competition The future of buyer's agents and whether or not they'll remain a critical component to buying a home Sexual harassment scandals, turbulent leadership, and recent NAR struggles What the future of using a real estate agent could look like And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Check out the entire episode on the "On the Market" YouTube Channel Dave's BiggerPockets Profile Dave's Instagram The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit Is It the End of the Realtor? Inside the NAR Crisis New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes Connect with Debra: NYT Debra's Website Debra's Twitter Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-920 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
A bombshell NAR settlement could bring wide-sweeping changes to the housing market. After a snowball of NAR lawsuits, the realtor association agreed to settle for a whopping $418 million and make critical changes to how real estate agent commissions are paid and how competition can be upheld. This significantly impacts anyone buying or selling a home and has life-changing effects for every real estate agent and realtor in the country. The New York Times' Debra Kamin joins us to break the story. Debra breaks down the enormous legal loss that NAR (National Association of Realtors) suffered last week and the impacts it will have on the housing market. First, we discuss the new agent commission rules, which may break the standard six percent fee that realtors are used to taking. These commissions are real estate agents' livelihoods, and a new model that supports lower commissions could force many agents to leave the industry entirely. We'll also touch on the turbulent times NAR has faced recently, from sexual harassment scandals to changing leadership and, now, a massive settlement that could lose them more than half of their members. Will a new type of real estate agent form from the ashes of this century-old model? Or, could a brand-new way of buying and selling homes transform the housing market? Stay with us; we'll give you the entire scoop. In This Episode We Cover: NAR's massive settlement creating ripple effects across the real estate market The new real estate agent commission rules that could shock an entire industry Changes to the multiple listing service (MLS) that may open the market up to new competition The future of buyer's agents and whether or not they'll remain a critical component to buying a home Sexual harassment scandals, turbulent leadership, and recent NAR struggles What the future of using a real estate agent could look like And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Debra's NYT Debra's Website Debra's Twitter BiggerPockets' Instagram The NAR Will Eliminate 6% Commission Standards and Pay $418 Million in Damages After Settling Lawsuit Is It the End of the Realtor? Inside the NAR Crisis New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-201 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
You've probably heard the news, NAR (National Association of REALTORS®) is settling the lawsuits. The industry as we know it will be changing forever! It's not all bad! Today we're welcoming back Kimmi Ott to dive into what this looks like for buyers -- the "Buyer's Rep Agreement", and the value your REALTOR® should be providing.
Kristen Bernard of EmpowerHome Team Charlotte joins Bo and Beth to discuss the latest settlement made by NAR (National Association of Realtors) to the tune of $418 million by agreeing to cut commission costs. Kristen talks about the effects this will have on the buyers and sellers in the housing market.See omnystudio.com/listener for privacy information.
The NAR (National Association of Realtors) settlement will change the way real estate commissions are paidFox News Radio's Ryan Schmelz reports on the Supreme Court arguments on the federal government censoring social media usersFox News Radio's Eben Brown on President Trump's legal case in Georgia
Disclaimer: Opinions expressed in this episode and written below are solely opinions of the hosts, guests, and writers and do not reflect the views of BiggerPockets. The recent NAR lawsuits are paving a new path for real estate agents—one that could change how we buy and sell real estate forever. For the past century, the NAR (National Association of Realtors) has been the controlling association for the American housing market. With most real estate agents in the country being members, the NAR has gone without an alternative for almost the entirety of its existence—but that's about to change. Jason Haber and Mauricio Umansky, founders of the new “American Real Estate Association,” have come to give agents something different. To combat outdated fee structures, sexual harassment scandals, and a large bureaucracy, Jason and Mauricio wish to create an association that thrives on collaboration, innovation, and excellence for the best real estate agents so the industry can improve. But what type of changes are they thinking of? Say goodbye to the “basic brokers,” as Jason and Mauricio lay plans to strengthen the skills of serious real estate agents, create more investor-friendly education opportunities, bolster the ethics of those buying and selling real estate, and bring more diversity and inclusion to the decision-making that often happens behind closed doors. This could be a new era for real estate agents—one where their destiny is in their own hands. In This Episode We Cover: Recent NAR lawsuits that could put the trade association in jeopardy Breaking up the broker “monopoly” by finally giving real estate agents a choice Agent innovation and why we DON'T need more agents…we need BETTER agents Agent commissions, costs, and fees that could be changed with the American Real Estate Association Why women MUST play a more prominent role in the future of the real estate industry And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Henry's BiggerPockets Profile Henry's Instagram James' BiggerPockets Profile James' Instagram Jason's Instagram Jason's LinkedIn Jason's X/Twitter Mauricio's Instagram Mauricio's LinkedIn Mauricio's X/Twitter BiggerPockets' Instagram Hear Our Past Episodes on The NAR Lawsuits: Lawsuit Explained Verdict Settlement American Real Estate Association Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-197 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Santa Clarita Real Estate Update: News, Insights, and Expert Tips for February 19, 2024Hey Santa Clarita! As your trusted real estate expert, I'm back with the latest news, insights, and tips to keep you informed about our local market and answer your burning questions. Let's dive in!Santa Clarita Market Snapshot:Inventory: As of February 17th, Movoto reports 114 active listings in Santa Clarita, a slight decrease from January's 122. This suggests a continued competitive market for buyers.Sales: Median sale price in January 2024 was $760,000 according to Redfin, a 1.3% increase year-over-year. Homes are selling in an average of 42 days, quicker than last year's 51 days.Days on Market: Redfin also shows a decrease in median days on market, reflecting the fast-paced nature of our local market.What Buyers Want to Know:Interest Rates: With potential Fed rate hikes in the pipeline, are rising rates cooling things down? Experts at NAR (National Association of Realtors) predict modest increases won't deter motivated buyers. However, it's crucial to factor potential rate changes into your affordability calculations.Negotiation Strategies: In a competitive market, how can you stand out? Get pre-approved, be flexible with closing dates, and consider offering an escalation clause. Remember, a strong buyer's agent can be your best advocate.Affordability Concerns: Rising prices and interest rates raise affordability concerns. Explore down payment assistance programs, consider fixer-upper options, or adjust your search criteria to fit your budget.What Sellers Want to Know:Market Outlook: Despite some predictions of a housing slowdown, experts like CAR (California Association of Realtors) foresee continued moderate growth in 2024. Inventory remains tight, creating a favorable environment for sellers.Staging Tips: Attract more buyers with smart staging! Focus on decluttering, depersonalizing, and highlighting key features. Remember, visual appeal matters in a competitive market.Pricing Strategies: Strike the right balance! Overpricing can deter buyers, while underpricing leaves money on the table. Get a professional valuation and consider current market trends when setting your asking price.Beyond Santa Clarita:Looking beyond our local market, here are some broader trends:National Home Prices: NAR reports a slight cooling in national home price growth, potentially driven by rising interest rates. However, demand remains strong in desirable markets like Santa Clarita.Luxury Market: While the luxury mYoutube Channels:Conner with Honor - real estateHome Muscle - fat torchingFrom first responder to real estate expert, Connor with Honor brings honesty and integrity to your Santa Clarita home buying or selling journey. Subscribe to my YouTube channel for valuable tips, local market trends, and a glimpse into the Santa Clarita lifestyle.Dive into Real Estate with Connor with Honor:Santa Clarita's Trusted Realtor & Fitness EnthusiastReal Estate:Buying or selling in Santa Clarita? Connor with Honor, your local expert with over 2 decades of experience, guides you seamlessly through the process. Subscribe to his YouTube channel for insider market updates, expert advice, and a peek into the vibrant Santa Clarita lifestyle.Fitness:Ready to unlock your fitness potential? Join Connor's YouTube journey for inspiring workouts, healthy recipes, and motivational tips. Remember, a strong body fuels a strong mind and a successful life!Podcast:Dig deeper with Connor's podcast! Hear insightful interviews with industry experts, inspiring success stories, and targeted real estate advice specific to Santa Clarita.
Today in this compelling Part 2 episode, Adam Contos, the host of Start with a Win, is interviewed on the Real Estate Insiders Unfiltered podcast by James Dwiggins and Keith Robinson. They delve into the challenges faced by the real estate industry, particularly in the aftermath of the class action lawsuits. Adam shares insights into the lawsuits, emphasizing the importance of acknowledging faults and finding ways to improve the industry's image. He also touches on leadership perspectives, the evolving role of real estate agents, and the potential future changes in the industry. With its candid discussions and thought-provoking insights, this podcast is a must-listen for anyone in the real estate space or those interested in the dynamics of the industry's challenges and transformations.00:00 Intro01:04 What happens after the real estate lawsuits, in the next game?02:21 Two parts of NAR (National Association of Realtors)!04:40 Why the different barriers to entry?06:15 Who admits fault and who accepts responsibility?09:27 Lost the public perception!11:22 What side is going to change, buy or sell?15:30 Will this be an evolution or revolution in next 36 months?20:30 What do you need to implement today to set your business up for 2024!Connect with Real Estate Insiders Unfiltered:www.realestateinsidersunfiltered.com https://podcasts.apple.com/us/podcast/real-estate-insiders-unfiltered/id1687547247 ⚡️FREE RESOURCE:
Introduction Hello and welcome back to The First Time Home Buyer Podcast! I'm thrilled to be back with you for a brand new season. It's been a while, and I appreciate your patience. Today, we have a special episode in store for you as we catch up on what's been happening in my life and the real estate world. My Story: Making Home Buying Easier In the last four years, my story has been all about making buying a home easier. I went through a tough time buying my own home in New York City – it was super confusing and stressful. The professionals I worked with weren't the best, and I felt clueless and embarrassed. That's when I decided to create The First Time Home Buyer Podcast and HomeFlow, an all-in-one platform to help people buy homes. Techstars Experience: Pivoting to Help Employees Over the past year, I got involved with Techstars, which was an incredible experience. I made a big change with HomeFlow, deciding to sell the solution directly to companies and their employees. This shift aimed at making the dream of owning a home come true for employees while keeping companies and their workforce happy. However, after a few months, I realized it would take too long to make deals with companies. So, after some thinking, I decided to go back to helping home buyers directly by creating educational content and restarting the podcast. Real Estate Market Overview for 2023: A Tough Year In simpler terms, 2023 was a tough year for both buying and selling homes. Here's a snapshot: Home Prices Went Up: The average price in the U.S. increased from $407,000 in 2022 to $409,000 in 2023. Rent Was High: Rent prices peaked at $2,050 in August, leading more people to consider buying despite challenges. High Mortgage Rates: Interest rates went above 8%, making mortgages more expensive. Low Inventory: Fewer homes for sale due to high mortgage rates and low construction. Inflation: Peaked at 6.6% year over year in February, influencing the housing market. Homes Took Longer to Sell: Average days on the market increased to 37. Price Drops: 15.3% of listings experienced price drops. Cash Purchases: Nearly 33% of homes were purchased with all cash. Less Competition: Bidding wars decreased with rising mortgage rates. Fewer Investor Purchases: Investor purchases dropped by a record 48.6%. NAR Challenges and Lawsuits: Changing the Game In addition to market challenges, the NAR (National Association of Realtors) faced lawsuits, potentially changing the way agents get paid. The key impacts include potential changes in agent commissions, impact on costs, transparency and consumer trust, potential new fee structures, uncertainty in the market, shift towards transparency, possibility of more consumer-friendly practices, and exploration of alternative options. What to Expect for 2024 and Tips to Navigate the Market Low inventory means sellers have the upper hand. Mortgage rates, although down from their peak, remain high. House prices are still high with no signs of decreasing. Potential market spur if rates drop further in 2024. Personal Recommendations Don't buy until interest rates go down, and if you do, ensure you can refinance and cover new costs. Why I Restarted the Podcast "Now, you might be wondering why I decided to restart the podcast. Well, despite the challenges, I believe in the importance of providing you with valuable information, especially during these uncertain times. I'm committed to supporting you, the first-time home buyers, and guiding you through the changes in the real estate market." What to Expect in Season 2 More interviews with the best real estate professionals, journalists, technology founders, all supporting home buyers. Closing Thank you for being part of The First Time Home Buyer Podcast family. Your support means the world to me, and I'm looking forward to an amazing season ahead. Connect with us, subscribe to our new YouTube channel, and share the podcast. Until next time, take care and happy home hunting! ➡️ Referrals ⭐ Get a Referral to a Top Mortgage Lender or Realtor - http://lauramoreno.com/referral ➡️ FREE Home Buying Checklist ⭐ Download the Most Comprehensive Home Buying Checklist: https://lauramoreno.com/home-buying-checklist/ ➡️ Get The BEST Home Buying Tools & Resources ⭐ Home Buyer Resources + Tools: https://lauramoreno.com/ ⭐ Project Management Platform For Your Home: https://homeflow.co/ ⭐ Property Aggregator Chrome Extension: https://chrome.google.com/webstore/detail/homeflow/cppljkkofnppfeackjnepcghdbekkpoh ➡️ Get The BEST Home Buying CALCULATORS ⭐ Buy Vs Rent Calculator: https://lauramoreno.com/the-buy-vs-rent-calculator/ ⭐ Smart Home Buyer Calculator: https://lauramoreno.com/the-smart-home-buyer-calculator/ ➡️ Get The BEST CREDIT SCORE Repair Tools ⭐ Review Your Credit Score With MyFico: https://lauramoreno.com/myfico/ ➡️ Ready to Buy Your First House? Watch these videos in my YouTube playlist ⭐ How to buy a house: https://www.youtube.com/playlist?list=PLxnn3zGLexPTtB133pCjCtD-M40KrIs7T ➡️ Social Media ⭐ Instagram: https://www.instagram.com/iamlauramoreno ⭐ Twitter: https://twitter.com/iamlauramoreno ⭐ LinkedIn: https://www.linkedin.com/in/Iamlauramoreno ⭐ TikTok: https://www.tiktok.com/@iamlauramoreno ➡️ Hire Me ⭐ Speaking, Events, Podcast Interviews, Collaborations & Endorsements - info@lauramoreno.com ⭐ Schedule a 1-1 Home Buying Consultation → https://lauramoreno.com/1-1-consultation/ ➡️ Contact Laura I'd love to hear from you! If you have a longer question, or if you have a business-related inquiry, please send me an email at info@lauramoreno.com. I try my best to reply to all e-mails but sometimes I do not have enough time to respond to everyone. ➡️ Join Our Smart Home Buyers Facebook Group ⭐ https://www.facebook.com/groups/thesmarthomebuyer/ ➡️ Disclaimer Laura Moreno is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only. This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you.
Get set for a game-changer in the real estate scene, folks! NAR (National Association of Realtors) is about to get some serious competition, and I've got to ask: Are you in? Recently, I sat down with Jason Haber, a Real Estate Entrepreneur, Author of the Book, The Business of Good, Co-Founder of AREA (American Real Estate Association) along with Maricio Umanski, Speaker, Activist, and Social Good Leader, to chat about the exciting developments over at AREA. Let me tell you, the energy is through the roof! We're talking about shaking up the established order in real estate, and it's about time. NAR has had its run, and now, enter AREA – a game-changer that's ready to challenge the norms and inject some fresh ideas into the market. In our conversation, Jason and I dove into what makes AREA so promising. It's not just another player; it's a whole new approach to the real estate game. Whether you've been in the industry for years or you're just starting out, this is a chance to be part of something big. So, are you up for embracing change, exploring uncharted territory, and being a trailblazer in the new wave of real estate? The competition is heating up, and the time to jump in is now. Keep your eyes peeled for updates, and get ready to make your mark in this evolving real estate landscape with AREA! -- GET A COPY OF MY NEW BOOK: THE TRUTH ABOUT FAILURE AND LEARN HOW TO GET FREE ACCESS TO THE TRAINING: https://www.truthaboutfailure.com/ JOIN MY COACHING ACADEMY: https://freedomachieveracademy.com/join TAKE A LOOK AT THE FREEDOM ORGANIZATION: https://www.thefreedomorganization.com CHECKOUT MY PODCAST SERIES: SPOTIFY: https://open.spotify.com/show/5PE5o4O60Xqk4qfA88moCB?si=f550b5cd6bc54324 APPLE PODCAST: https://podcasts.apple.com/ph/podcast/freedom-achievers-podcast-with-david-adam-kurz/id1041632226 GOOGLE PODCAST: https://podcasts.google.com/feed/aHR0cHM6Ly9kYXZpZGFkYW1rdXJ6LmxpYnN5bi5jb20vcnNz?ep=14 EVERYTHING ABOUT DAVID ADAM KURZ: LINKTREE: www.EverythingDavidKurz.com INSTAGRAM: https://instagram.com/davidadamkurz WEBSITE: https://www.davidadamkurz.com
Misty and Christopher discuss the recent NAR (National Association of Realtors) lawsuit over inflated commissions.The lawsuit claims that NAR and several large brokerages inflated commissions for sellers and buyers.The verdict can change the way buyer agent commissions are paid and has the possibility to change the way homes are bought and sold.Check out the article used in the episode here: https://www.nar.realtor/breaking-news/update-in-case-of-burnett-v-nar-et-al
The NAR lawsuit just ended in a way almost no one expected. The NAR (National Association of Realtors), America's largest association of real estate brokers, agents, appraisers, and more, just got dealt a blow that there may be no recovering from. This lawsuit, which focused on agent commission splits, ended in a $1.8B blow to NAR, and this could be just the beginning of a slew of lawsuits like this. To explain all the messy details, we brought Business Insider reporter James Rodriguez back on the show to explain this massive lawsuit, the verdict, and what this means for the entire real estate industry. This major lawsuit alone could bring sweeping changes to how agents buy and sell real estate and how they're paid. Even more ground-breaking, the future of buyer's agents now seems murky at best and non-existent at worst, as these commission structures may make buyer's agents' jobs almost obsolete. If you're an agent, investor, buyer, seller, or broker, the effects of this lawsuit CANNOT be ignored because if the dominos continue to fall, we could wake up to an entirely new real estate landscape. In This Episode We Cover The NAR's real estate agent commission lawsuit explained The $1.8B verdict and why this could swell up to over $5B in losses for the defendants Why NAR and Keller Williams, two massive companies, weren't able to win this case The future for real estate agents and how this could crush their commissions “Enormous” ripple effects that could come as a result of this lawsuit Why NAR's CEO decided to jump ship after the verdict was announced And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-157 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this enlightening episode, host Mark Jones, delves deep into the recent NAR Ruling on Buyer Agency Verdict in Missouri Kansas, which has sent ripples throughout the real estate industry. Joining the discussion are three industry veterans who bring their unique perspectives to the table.Guests:Nacole Ricks, a seasoned Residential Listing Specialist and Investment Property Expert, who advocates for homeownership and industry stability at NAR. Nacole highlights the indispensable role of the real estate sector in the state's economy, the essence of Fair Housing, and common misconceptions about real estate agents. John Grof, an accomplished real estate agent with a passion for music and the outdoors. John passionately speaks about the lawsuit's impact on the profession's integrity and questions the metrics used to judge agent commissions. He further draws parallels between realtor and attorney fees and hints at a possible larger agenda in play. Tori Summers, a dedicated buyers agent with an impressive track record. Tori brings her insights on serving clients, the importance of referrals, and her firsthand experiences on the field. Based in Boerne, TX, Tori's journey is testament to the dedication and hard work agents put in daily.The NAR (National Association of Realtors) verdict regarding buyer agency that resulted in a lawsuit of $1.78 billion is a significant development in the real estate industry. Here's a synthesis of the information gathered:The Verdict: A federal jury found the National Association of Realtors (NAR) and some residential brokerages, including units of Warren Buffett's Berkshire Hathaway, liable for conspiring to artificially inflate commissions for home sales. As a result, they were ordered to pay $1.78 billion in damages1.Impact on Practices: The verdict could change long-standing practices that have allowed real estate agents to increase commissions in tandem with rising home prices and mortgage rates, making housing transactions more costly for consumers1.Plaintiffs: The class action lawsuit included sellers of over 260,000 homes in Missouri, Kansas, and Illinois between 2015 and 2022. These sellers objected to the commissions they had to pay to buyers' brokers1.Details of the Conspiracy: The accused parties were found guilty of colluding to maintain or inflate high commission rates via NAR's Clear Cooperation Rule2.Potential Implications: The awarded damages could be tripled under U.S. antitrust law, which would amount to more than $5.3 billion1. This ruling might also pave the way for similar lawsuits in other states2.Defendants' Response: NAR and other defendants, such as HomeServices of America, expressed their disappointment with the verdict and indicated plans to appeal1.Other Settlements: Some real estate companies chose to settle before the trial. For instance, Re/Max settled for $55 million and Anywhere Real Estate (which includes brands like Century 21 and Coldwell Banker) settled for $83.5 million1.Industry Repercussions: This verdict could lead to significant changes in the residential real estate industry. For instance, CoStar Group's CEO, Andy Florance, mentioned that the trial's outcome might create rapidly changing conditions favoring Homes.com, a CoStar subsidiary. The business model of Homes.com isn't negatively impacted by the potential end of the buyer-broker commission rule, presenting a new opportunity3.Key Factors Podcast is Powered by ReviewMyMortgage.com Host: Mark Jones | Sr. Loan Officer | NMLS# 513437 If you would like to work with Mark on your next home purchase or as a partner visit iThink Mortgage.
Unmask the latest controversy shaking the foundations of the real estate sector in our new podcast episode "Ep. 198 - NAR Under Fire...Again!". We delve into the shocking scandal that recently rocked NAR (National Association of Realtors), leading to the unexpected resignation of its president amid multiple sexual misconduct allegations. Drawing insights from top-tier sources like The New York Times and CNN, we dissect the unfolding events, the implications, and the aftermath in depth. Join us as we explore the ethics, accountability, and leadership crisis in this vital segment of the economy. Tune in for the most comprehensive analysis on this sensitive issue.The Only Real Estate Podcast Worth Listening to is brought to you by Nick, Good, Matt Kelderman and Brian Force. Combined, they have over 30 years in residential real estate experience and have sold over 2,500 homes. Each week they bring their guidance and insight to help real estate agents all over the world grow their business and thrive in an ultra-competitive industry.New episodes are streamed live on Facebook Wednesdays at 3PM. Check out the links below for more ways to connect and join the fastest growing community of real estate professionals nationwide!Join The Only Real Estate Group Worth Being A Part Of on Facebook https://www.facebook.com/groups/2315035012099695Follow us on Instagram https://www.instagram.com/onlyrepodcast/Check our website for more content, webinars, full show notes, and your favorite TOREPWLT merch! https://onlyrepod.com/Create your own podcast with TORE Studios https://torestudios.com/
The housing market “recession” is…over? At least, that's what some economists think. But it doesn't feel so stable for the rest of us real estate investors. Home prices are still dropping in some markets, teetering on stability in others, and hot as ever in growing areas. With mortgage rates rising and the Fed staying true to its word, how can we be so sure that home prices won't begin to fall across the nation? We're back with another headline show where Dave Meyer, James Dainard, Jamil Damji, Kathy Fettke, and “the only investor in Arkansas,” Henry Washington, give their take on some of the hottest housing market stories of late. We talk about the NAR (National Association of REALTORS) declaring the “housing recession” to be (potentially) over, why banks are tightening credit and denying loans more than ever before (and how to still get funding), why lowball buyers are actually in the right, and the cities across the US most poised for growth. With offers becoming harder and harder to get accepted, interest rates rising, lending on lockdown, and sellers still living in 2022, you MUST invest smarter to build wealth in today's market. Thankfully, all our guests are doing just that and dropping some gems on beating the regular buyers by being smarter, faster, and picking up deals for less! In This Episode We Cover: The “housing recession” and why some economists think it may be over Why investor buying activity remains high EVEN with rising mortgage rates The commercial credit crunch and why banks are refusing to lend on specific assets Five reasons you're getting lowball offers and why buyers NEED to stay reasonable The US cities most poised for growth and Henry's secret city to invest in (it's NOT in NW Arkansas!?) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave's BiggerPockets Profile Dave's Instagram Henry's BiggerPockets Profile Henry's Instagram Jamil's BiggerPockets Profile Jamil's Instagram Kathy's BiggerPockets Profile Kathy's Instagram James' BiggerPockets Profile James' Instagram Hear Our Episode with J Scott and Scott Trench Housing Recession Credit Tightening Lowball Offers Growing Cities Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-132 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Three Things You'll Learn in This EpisodeHow to stay in front of your database.Why you aren't getting referrals.What are some tools you can use to keep in touch with your audience.ResourceReal Estate Marketing DudeThe Listing Advocate (Earn more listings!)REMD on YouTubeREMD on InstagramTranscript:What is up ladies and gentlemen, welcome to the webinar. And let me tell you, there's nothing worse in the real estate business than when someone forgets what it is you do for a living or better yet didn't even know. So whether you're a lender, real estate agent investor, basically anyone in a referral based business, these principles are going to apply. But this is going to be the case for why we create content consistently that builds our brand. And we keep our content in front of people that are responsible for sending us new business, repeat business and referrals. The more content we create, the easier it is, and the more marketable to attract business. And the more marketable, you become as a real estate agent. If you guys have not met me before, my name is Mike way, boss, I've been licensed since 2002. I'm one of those dinosaurs in the real estate industry. So I'm recovering realtor and broker owner. And over the last five years, we've been helping real estate agents create a whole lot of content, mainly in the form of video, we script we added, we distribute video, and we've done over 2000, maybe even 2500 different videos for people spread out around the country, when it comes to content creation. I'm the founder of referral suite, which is a software platform that allows it makes content creation easier. I will show you guys what that is at the end of this training. And for those of you that want to pursue or look at that more advanced if you're having trouble creating content, I would love you to join our community. But I've been in this business for a long time guys. I've had brokerages teams, and I know what works and what doesn't. And what I'm going to share with you today is what I've learned over the last 20 plus years of in this business and how I've applied creating content, literally every single real estate agent I've ever worked with in my brokerages on my teams, the ones I'm working with now across the country, and everyone has the same results because I believe that real estate is nothing more than a giant popularity contest. And in a business where 87% of agents fail.I believe that's very simple. I think they're chasing the wrong people from the get go. So what we're gonna start about is, how do you avoid the peaks and valleys especially as we approach a recession within the real estate business, because when you have a large personal brand, it is recession proof despite what the market does, you will always have clients. And this is the reason why you want to focus your time on where the highest return on investment is going to be. It's not going to be through cold calling, it's not through door knocking. And it's not through implementing the latest, greatest technology AI or superduper website or the best auto responder with text messaging automation. All of that stuff you guys, when it comes to business, in my opinion, is just noise. I love that stuff. But I'm talking about building the base of your real estate business. And the reality is the vast majority of business is right in front of you. These charts are from a NAR National Association of Realtors, and this was talking about where sellers found their real estate agent 39% were referred from a friend 24% They used in the past that right there is 63% without going through the rest of sources of business right here. And it's no different for buyers. Buyers, you see over 53% are referred or they used in the past. But there's still a lot more attraction based items right here. And I'm gonna summarize those off for you. And here's what these charts said 51% of business on average comes from the former referrals 12% from repeat business 3% of transactions arouse from strategic alliances as like a mortgage broker or a real company,you know, referring you out 10% For signage, believe it or not 4% from an open house. In both cases, over 74% of people come from people you already know, or transactions. I mean closed comes from people you already know used in the past, or that you've personally met, right? So what is the most important thing to do in real estate? And it's to stay in front of the people you already know, like and trust because everybody lives somewhere. The problem though, that we all have is, well, what do I send them? How do I stay in touch with them? Because I don't know how to do anything else other than just talk about interest rates, real estate or turn back the clock emails. This is why we create content folks. So what do you think happens when you go, Mia are out of sight out of mind? What happens when you stop communicating with your database? Well, they stopped sending you business and they keep they start forgetting what it is that you do for a living. And just becauseyou don't have to talk about real estate but you can't not. You can't stop talking at the same time you see, as an independent real estate agent or lender, you're in charge of your own personal brand. Your brokerage is going to do anything for you. Therefore it's going to rely on you to constantly build your own personal brand because it's not your databases job to remember what you do for a living it is your job.To remind them to and this is why we create content. See when we're creating content, that's the way I'm going to explain it to you right here in the rest of this training is we're not doing it to generate leads. Well, we are doing it to for and we're creating content is to generate attention and notoriety so that when people think of the term real estate, they associate our name or our brand with it, that's it. We're not fighting for leads, we fight for the attention of our friends, our family, our database in our local community, because Top of Mind brand awareness, or attention equals conversations, which eventually equals referrals, and over 80% of people will hire the first agent they speak with.This is not theory, when I'm explaining to you guys, this is mathematical, because of these stats. And these are what I want you to get out of anything, if you're going to remember anything from this training, and that's 10 to 15% of the population moves each and every year, but 100% of the population know someone they can refer a realtor to. This means 10 to 15% of your Facebook friends, your IG followers, 10 to 15% of your email list 10 to 15% of the people you walk across in the grocery store, or you sit next to at your kids sporting events, they're moving this year, but 100% of the people that you know, or come into contact with, know someone that they can refer business to. And that is why attention is so important in this business, especially in a referral based business. So if you do the math, people move every six to nine years. So I want you to just to look at your own network. If you have 1000 friends and your Facebook friends list, well 10 to 15% of them are moving, that means 100 to 150 people of them are moving, but all 1000 of them have a referral for you. Now, if people are going to move every six to nine years, do the math, there's always a percentage of people within your existing relationships that are going to be moving and most won't even know it yet. There are these things called Life Events, marriages, new kids having a baby, getting a divorce, losing a job, these are good and bad life events. But when a life event happens, people move and when they do 80% of them are going to hire the first person they meet with. Wouldn't it be nice if that your name comes to mind immediately upon, you know, anyone thinking of the term real estate or lending? Well, that's what happens when you create a whole lot of content. And what we're talking about here, guys, is marketing versus advertising. We're not talking about creating content to say come buy my stuff, or interest rate, buy, buy, buy, sell, buy, sell, buy, sell, because when we're always selling people start tuning us out. But when we create engaging content that reminds people, we're in real estate at the same time, it creates engagement, and we stay in front of those people, we start attracting business. And what I'm talking about is creating content consistently, not just through social media, social media is a part of it. But creating content consistently through social media, video, email, and even using direct mail, to keep our brand at the forefront of people and literally be everywhere all the time. This is what it takes to build a fully attraction based business. But we don't, where most people fail is this is that when we're creating content, we're usually creating it or when people immediately result to start creating it in the in the form of a sales message. No, we don't need to sell our services on online or through any of the content we create. We need to add value with the content we create so that people think of us first. That's it, okay. And when we're marketing and creating content, we're not creating content to sell people directly who received that content a house, we're creating content to receive their referral business, because everybody can refer you business. And when you start chasing referrals versus direct business, you start telling stories, alright, the other way where you fail to be consistent is it or people just fail to be consistent as we're most fail? See, content creation requires two things. It creates an audience a group of people, which everybody listening to this has, we all have a Facebook friend list, a wedding list or funeral list, I like to say. But without being consistent in communication to that list, it doesn't work either. So consistent communication to the same audience over time is exactly how you build a large personal brand that people know like trust, remember and refer.But the real real problem here is, what do you say? How do you do it? And that's what we're gonna chat about today. So what do you send them? Right? How do you nurture a relationship after the transaction? I just saw a crazy stat the other day that said 80% of buyers forgot their agents name and six months that's very difficult to generate a referral from somebody that doesn'teven know your first name. So we're Ghen the reason why we create content is to remain on top of mind and create engagement and stay on top of people so they don't forget we exist. Okay? So we're gonna get out of real estate I'm explain this to you in a very easy example. And whether you'rea byebye baby person or Bed Bath and Beyond, you probably have this happen to you. I think Bed Bath and Beyond are mean by or BestBuy, I think those exact same marketing plan. But regardless of what it is, I want you to look at this, because byebye baby sends me a 20% off coupon at least once a month, maybe twice a month. I don't know how many they signed, but they're doing it consistently. And for whatever reason, I never throw the coupon out. And just like you, you probably have a junk drawer and you open it up. And whether it's byebye baby or Bed Bath and Beyond or one of these stores, you have some 20% off coupons that are just sitting in your kitchen drawer. First question I says, Why do I have this? Why don't I just throw this out? Well, it's because there's 20% off there's value. So I stock it. And I store it in the drawer. And essentially bye bye babies farming me with direct mail. Now, I don't ever think of another baby store because this is all I think of cuz they're all over me. But they also send those same coupons to my email. Andwhen I get to the store and I go buy my new diapers or whatever, that I'm buying it bye bye, baby. I never I always forget to bring the 20% off coupon. But I always remember to scan my email for the same coupon because I just give them that coupon and I still get my 20% off. And when I leave bye bye, baby. What they do is and they start farming me like I start seeing their ads on social media. They start retargeting me through Display Network, I see him all over Google. And that's just because I just transacted with them. So they put me into a custom audience so they can retarget me online and be everywhere. Point being is that what they're doing is they're farming me. They're farming me through direct mail, that email and social media. Right. And the reason why they're doing this is because they generate more sales and referrals for marketing their existing clientele their customers than they do trying to acquire new ones. Folks, what if we were just a copy this plan in front of the 150 to 300 people that you know, and you started farming them through social media, email and direct mail? Would it work? Absolutely. It's worked with all 500 people I've ever tested this with plus. And the reason for that is because everybody has a database full of relationships, if you're in real estate, I just showed you the stats of where business comes from. And the most successful agents also tend to have something in common. They're also the most popular agents or they have the most amount of attention on their brand. See, your best thing about real estate is that you already have a built in book of business. The question is whether or not they know you know of you and know that they can refer or do business with you. Because I just said over 80% of people hire the first person they come into contact with, much of which they're referred to they personally know or personally met. And one of the sources I showed you about earlier. And all we're really talking about doing here to create a strong personal brand is to stay on top of mind with people we already know through content creation, and putting that content in front of them so that when they think of real estate, they think of us. That's it. This is not rocket science. This is 100% a popularity contest. You see, the reason why people refer us business, whether it's real estate, a couch a vacation, or a brand new restaurant, is because they like you personally, or they're satisfied with your past service. Like for you to get referred. People have to like you or like what you're doing, right. But you also have to like the person that they're asking for a referral. And deep down, we are all wired in our DNA to help others solve problems. You know, there's a reason why we refer other things, people. There's a reason why, when people ask me, Hey, Mike, did you ever do you know where this is that I go out of my way to help them. And it's because that's the way God made me. That's the way God made you. And we're all wired to just naturally help other people. So naturally, when a referral comes about, that's why so many people raise their hand. And if you don't believe me, you could go ahead and go on your Facebook account right now and go ahead and ask for an electrician referral or a plumber referral. And you're going to realize that you're gonna get about 10 to 15 names within the next two hours. And the reason that my first question is, is, why does so many people have their plumbers or electricians phone number on standby? It's not that they have it on standby, it's that they're going out of their way to help youwith a referral. And it's no different in real estate. But there are three things that have to occur when someone is going to refer or do business with you directly. And one is they have to notice a conversation about real estate and then immediately think of you at that time. And then they have to introduce you into the services or into the conversation. I mean, now how many people talk about real estate on a daily basis and one of the reasons why real estate is such a highly referral business is because it's an emotional transaction. And when people are moving and closeBetween you and me, we talk about it quite a lot. And we're talking about it quite a bit. Because the truth is, is that like, Hey, dude, you're moving. And anytime you are moving, well, that is something that is very emotional, and you're going to talk about it naturally. So that's why this is so important, guys. Alright, so when you create a whole lot of content, you being top of mind, happens a lot more naturally than if you don't create content. And let me just ask you who's more referral, the agent that has a blog and has done 25 videos over the past three months, or the agent that doesn't even have a social media account, who's going to do more business, obviously, it's going to be the one that's creating a lot of content or buzz around their brand. And that's what we're getting at folks see the value of each relationship that you have in your business, whetherit's 10 of them, or 300 of them, but the average of every relationship, I believe, is a minimum of $25,000. For what I'm about to tell you, the average person buys two to five properties over the course of their lifetime, and then an average sale price of $200,000, which is extremely, extremely low. That would mean each individual if they were to use you for all two to five of those purchases should be valued at about $25,000. That would be what you would recognize in closed GCI from those relationships. However, that does not count the value that each relationship has the ability to introduce you to another person you could do the same thing with. That's why the value of relationships in real estate is such a powerful thing. Because when we break the math down, here's how it works. If people move every six to nine years, it's just a numbers game. If you have 100, people that truly know what you do, let's just say 100 people on your Facebook account 100 people on your email list, how many of them are moving this year? Well, six to nine. But out of those same 100 people,all of them know someone that they could refer you to that you may be able to do the same thing with See, I don't need to have a million people that know what I'm doing or that I'm in real estate, I need to have an engaged group of a few 100. If that, and I can have a very successful, stable and consistent career. See, people are going to use and hire an agent to the tune of over 85%. So the question is, is it going to be you or somebody else. And this is the reason why we create content. So I want to get through and show you guys a couple different things. When we and the type of content that I'm talking about creating, we're gonna start with social media first. But I think I made the case here to show you why it's important to create content. And whether you're creating content on Facebook or Instagram, wherever your social platforms are, that you're on, I want you to view each platform is just a place for you to generate business because everyone that sees your content on that platform live somewhere, and most, most of which are people that you should already have an acquaintance with or people that you already know. And when 80% of them are in a hurry, the first person they meet with I think the math makes complete common sense. Now, it's the content that we're creating on social that makes all of the difference. And that's what I want to spend some time with you about right here. What kind of content do you create on social media? Well, video marketing is huge. If you go ahead and look like in the top right, that's a Gen almeyda. That's her first post she ever made her first video she ever made. And you have 59 comments and five shares on the very first video. Now of those 59 comments and five shares, she probably had over 1000 1200 1500 views of that video. Of those 1500 views. 10 to 15% of them are moving this year, and 100% of them have a referral for her. So the question is never a matter of if it's a matter of when. Right So creating video content on social media is extremely powerful to do.In recent months, creating short form video content has been very powerful. Using things like Instagram and Facebook reels, I'm getting 6x or 10x, even the amount of views posting the same video as a real as I am on as a regular post. Right. So short form content is very, very popular right now. But if you're not doing video, there's a lot of other things you can be doing as well that don't necessarily involve you having to get up on a soapbox, and selling your services. Nobody wants to be on the end of our sales pitch. But everyone wants to be involved in engagement. And when you're looking at some of these posts, I want to give you some ideas that you can go ahead and create and we'll give you a whole lot more after this but house of the month, kitchen of the month view of the month neighborhood of the month, getting funny little memes that are sort of reminding people you're in real estate. You see most of this content is going to fall into one or two categories.It's either entertaining or it's engaging. And as long as it's one of the two, you're going to win. It's when you're making blanket statements like just listed just sold, where you're only getting two comments, both of which are the real estate agent trying to recruit you to their brokerage, or broker owner, or the title company or mortgage rep trying to earn your business. Those are the only people commenting on that type of content, because it's not engaging. And quite frankly, the more of the sales type, pitch content, and non engagement that you create, you're just checking a box because your coach told you to. The reality is, is that when you start creating content, and it creates engagement, and people start watching it, it's just a matter of time until a certain percentage of them start referring and needing your services directly. Because of which the vast majority are going to hire someone they already know. Social media is nothing more than just a place, in my opinion, just to tell people what you do for a living in a fun, cool and engaging way where they can see the real you. And it shouldn't be used. To put up a front it should always be used as to show the true you and becoming a good storyteller. And creating content and getting the practice of reminding people you're in real estate versus telling them is where I believe the Holy Grail is at. So the key is, don't try so hard. Write posts as much as possible. But a minimum of three real estate related posts a week or stories, I guess, follow the 8020 rule. I mean, I'd say 10 to 15 posts a month, that's one every other day. But the more content you create on social, the better it's going to do for you, the more eyeballs the more engagement. I mean, that's what it comes down to what I don't believe works is hiring somebody else to go out and post for you that sounds nothing like you that just creating very boilerplate templated content that nobody resonates with. So I don't believe you could build a personal brand outsourcing social media, I think you have to, to an extent, be involved in the content you create the post you make, because that's what people are going to respond to and be be honest, like people know, you. They know when someone's not you posting and you'll notice that to just look at all your other profiles. And look at the ones Yeah, oh, that's definitely not that person. So where do you post this stuff out? You posted everywhere you're at this includes if you're on Facebook, for example, post your personal page and your business page and do them separately, there's no sharing to one or another. Every social media profile you have, you got to treat like a different account. And just because they're part of Facebook doesn't mean you just share everything you upload organically to every single spot. So if I'm doing long form or meme like content, I'm taking my personal page, my business page, and put them in all the groups I'm in and put it into my Instagram. If I'm on LinkedIn, I'm dropping it off there. But if I'm just doing short form content, and then I know I'm posting on Tik Tok IG reels, Facebook reels and YouTube shorts, right, so you have to have a distribution strategy based upon the content you're creating. But just know that regardless of what you're creating, you're broadcasting it wherever your brand is. See, the math on this is very simple. 10 to 15% of the people who see your content will be moving this year, but 100% of them will have a referral for you. So I want you to look at your annual social media marketing plan or your or your monthly for that is and just know these two numbers, because if you were to get 100,000 views over the course of the next 12 months, well 10 to 15% of those views are moving this year, and 100% of those views could have a referral for you, I want you to be motivated by chasing attention chasing views, because they always all lead to business. Now, social is just one aspect of marketing, you know, you have to be consistent on there, whether you're creating meme content, social content, video content, images, pictures, all of it is reminding but it's not the only place to stay in touch with your database and to nurture them. The truth is that a very smaller percentage of your social media, friends, and unless you're running ads will see your content, usually under the 20% mark, which is why you want to take on a multi prong approach here. Now the second channel that you want to market your database to is video email. Now why do we use video email as opposed to any other type of email service and it's 100% because it gets more opens more engagement. And that's the only type of email where you could put your face body language and tonality to somebody else which is extremely powerful for brand awareness and attracting attention. So who you're going to send your video emails to our family, friends, past co workers past clients. Basically, if you have someone that you believe they should be referring or doing business with you, well, they 100% need to be on your email list. And what we don't want to do on emails is send them a bunch of spam light content. What we do want to do on emails is send them content that will addactually enhance their day or add value to their lives. All right. And sometimes that could be as simple as a new restaurant opening. It could be a joke, it could be a holiday greeting. But you want to be sending about one to two video emails a month. And this will all go to your nurturing list of databases. You know, you could do holidays, simply copy the Hallmark greeting card strategy. I did that for five years of my career and it worked very well. Valentine's Day. Groundhogs Day, Christmas, Easter, Fourth of July Veterans Day, but pick the holidays that match more up to your brand. If you're a veteran, you're probably going to always be creating content on veteran Memorial, Fourth of July, American base holidays President day, right. But if you're, you know, have a totally different personality, you know, service the veteran niche at all. Maybe you're a jokester, maybe you're a comedian, maybe you're funny. Well, then you would probably create all the content on all the off the wall holidays like Groundhog's Day, like popcorn day like Star Wars Day, that would be a cool funny way to remind your database that you're in real estate without having to be too overly burdening with it. You can do local video series, we create content for people all over the country who are creating neighborhood tours.Excuse me,neighborhood tours,business owner interviews,anything within the local community, new restaurant openings,events, local community events that are coming up. Anything within the local community would brand you perfectly as a real estate agent, because that's the real estate agent is their community expert. Rosa had a lot of value. special announcements, real estate. If you are going to talk about real estate, I like doing like major announcements in the industry like interest rate reduction, stuff like that. Things of news worthy topics, but just think about it one to two video emails a month. And here's the most important thing is that the content you're creating, make it be creative. Don't make it be boring, like don't send bad real estate monthly news update, like don't say, Today's interest rate market update, no one wants a market update guys until they're in the market to buy a new house. Okay, so stop sending the market updates and start sending them stuff that's a little bit more personable. Now, your subject line is absolutely going to be the crucial piece of that email that and having a video with it will increase your open rates. And we're seeing over 40% open rate on our video emails, that referral suite. Because the two things we're creating content to a warm list people we already know, that isn't necessarily overburdening, and we're creating more entertaining and engaging like emails. So that's it. Okay, this is not rocket science, but we are just nurturing. Now.If you are to send a video email, this could be a schedule, you could follow, you could do nine holidays, you could do once a month update, if you wanted to, you could do a spring and a winter email. But however way you want to chop it off one to two times a month, which should give you anywhere between 15 and 21 Total video email touches throughout the course of the year. Now, the national average for emails, open rates is about 13%, which means 87% of your people aren't watching your stuff, which means what's the point of sending them in the first place, we're seeing a 40% open rate using just what I showed you right there. And of that 40% open rate if you have roughly 200 people on your email list, 10 to 15% of them are moving and 100% of them have a referral for you. Those are the two numbers I want you to memorize and repeat and never forget, because it's only those two numbers that you'll be motivated to keep creating content. Because once you understand that attention equals transactions, you will understand and be motivated to go ahead and continue to create that. Now, the third channel on one of the most effective is direct mail. How many people are still getting direct mail today? Well, everybody last I checked and that's why I like it, because mailboxes are wide open. Now. Let's first talk about who you're gonna send these to past clients 100% need to be on your direct mail drop address, or list close friends basically anyone that you have a strong relationship with if you'd invite them to your wedding or funeral and you have unlimited budget, they want 100% need to be on your direct mail list and the reason why I love direct mail is because 100% of them will receive your postcard before they throw it in the trash. Okay. And that is amazing for branding. Now it's the same concept of why Bed Bath and Beyond sends me 20% off coupons I don't throw them away I always remember they're there they exist. And it's a great way to farm or nurture me because I don't cheat on them with any other Bed Bath and Beyond place either do I? So what kind of contentholiday greeting cards, postcards based on fun facts, gifts GodMany bears, what you don't want to send them are just listed database or turn back your clock emails and talk to them one to one and a half times a month, one a month will do just fine for direct mail. And the reason why it's so powerful is because 100% of people will receive it, they will all physically engage with it in a direct mail, at least with our system cost about $12 a year per contact. Now, here's the ROI on this though, because I want you to see as if you had 100 people on your list, and you send them one postcard a month, that would equate to roughly 1200 $1,200 annually. Now, of those 100 people 69 of them are moving, or 10 to 15% of them are moving I mean, and 69 move everyseven years,what's my ROI going to be, I would need to generate one deal, one, to pretty much get like a 500,000% ROI. See, we have to invest in our brands, in order for them to return a positive ROI in them. And how we do that is through content creation. See, peoplecreate content consistently. And the more content you create around your brand, the more marketable and referral you become. All I'm doing is just sharing with you on how we're systematically creating content, and then distributing that content through video, email, direct mail, and social media, so that people never forget what we exist, and of which 10 to 15% of moving 100% of them, have a referral for you.Do this for 12 months in a row and watch what happens to your business. You know, people always often say is, hey, how do I stay consistent? How do I generate more business while you stay consistent in the content you create, and in almost every single time that I've seen this play true or through, I have yet to see it not work for somebody because everybody knows a real estate agent. But it's the real estate agent that is known the most as the most marketable and referral who always generates the most amount of business.If you guys have questions on this process, please go ahead and chat below. I told you at the beginning of this training, I was going to walk you through a platform solution that makes this whole process a lot easier. And realistically, you guys have two different ways that you can go about doing it. We would love to have you be part of referral suite but referral suite as a software platform that gives you email, social media and automate your direct mail content so that you can implement the model I just shared with you right now, effortlessly in 10 to 20 minutes a month of total time invested. So what I'm going to do right here is play a video for you, it's going to show you how the inside of referral suite works in just under two minutes. And I encourage you to come and check us out. If you like what you saw here today. And you think that you're struggling with creating content, you don't know what to post, or you're sick of just chasing a bunch of leads and relying on lead sources you don't control start creating a brand. By creating content, it's the only way you can do it. So I'm gonna go ahead and play this video for you. And you could check out what referral suite is. in under two minutes, I'm gonna show you exactly how referral suite helps you build a strong personal brand that generates more referrals and repeat business. Referrals suite is an all in one CRM focused on one thing a place for you to manage, grow, nurture and market your Rolodex of relationships through direct mail, video, email, and social media. The first tools are social media calendar, all you do is you simply check your social calendar, grab your instructions and customize it and then post it now you don't need to think about when or what to post on social and just follow the instructions each day and week. When it comes to email marketing your database referral suite provides a video email system to send engaging emails they actually like seeing all you do is simply check your content calendar right here will give you the subject line email, coffee and video script to record right starter software that you can send our direct mail campaigns are set it and forget it all you do is you simply pick a campaign you set it hey and then you forget it. Each month your direct mail list will receive a mixture of postcards, greeting cards, and even gifts based on what you decide to sell. Plus all members get access to the Learning Center which is full of advanced training courses on building your personal brand and advanced content creation with video for example. Plus in addition all members can utilize any of the advanced marketing services available through the Marketplace such as video editing, logo design, signage, and even gifts. Anything you need to build your personal brand is right here inside of referral suite. So if you're struggling to stand in front of your database or tired of people forgetting you're in real estate or lending, follow the instructions next video and join now. It is not your networks job to remember what you do for a living but it is your job to remind them and referral suite is the one place that makes marketing your brand. Very simple.in under two minutes. So there you have it, folks. I hope you've enjoyed this trainingbooks, we've been doing this for a long time, just creating content and referral suite is something that has been a project of mine for over five years to put this all together, but it is ready, we would love for you to go ahead and check that out. And regardless of whether you're using referral suite or whatever you're doing in your content creation journey, start creating content, whether it's with us or with somebody else, or you're doing it on your own, create content, put it in front of the people that you know, like and trust, and those people will reward you in the form of repeat business referrals and you'll stop chasing a bunch of leads, and you'll have a brand that people know like trust. Remember, most importantly refer and do repeat business withgo ahead and check out referral suite.com Right nowTranscribed by https://otter.ai
This week hosts Mark Peebles and Brandon Brooks are talking about: Recession and it's affect on the Real Estate Market. We are still in a "supply and demand" market! Listen in as we break down those numbers for you. The NAR (National Association of Realtors) 2022 report is out and we have some fascinating data to share with you!
Dr. Lawrence Yun, NAR (National Association of Realtors) Chief Economist, presented data this week that shows there is STILL an inventory shortage throughout the US housing market. Alice discusses what this means for 2023 inventory & demand in our local Southern Oregon housing market...on this episode of Alice's Analysis. Alice Lema, Broker 541-301-7980 www.AliceLema.com John L. Scott Real Estate 871 Medford Center, Medford, Oregon 97504 --- Support this podcast: https://anchor.fm/alice-lema/support
Today we are excited to bring back one of our most educated and successful guests we've had on the show - 2019 President of the California Association of Realtors, real estate broker, investor, and co-owner of Keller Williams Fresno, Jared Martin. As we have discussed on several recent episodes, the changes that are occurring in our housing market and economy, across the local, state, and national levels, have been a hot topic of discussion. There is also a lot of misinformation and fear-mongering that has been pushed, which has made it extremely difficult to know exactly what is happening and where we are headed. Jared comes prepared with factual data, sourced from several reputable economists associated with the CAR (California Association of Realtors), NAR (National Association of Realtors), and other high-profile real estate sources. In today's discussion, we also push Jared to share what he forecasts will be happening in the short and long-term future, especially in our local market. You can find Jared and his real estate team, Jared Martin & Associates, on social media across all platforms.
Topics: (2:44) - Natalia and Adam's backgrounds (6:04) - Natalia's journey to solve Title Fraud (9:06) - Realizing the need to implement The Blockchain into Propy (12:12) - What was the initial product development stage like? (14:42) - Is the product built specifically for brokers? (16:33) - When & Why Adam joined Propy (18:31) - The different gatekeepers between a Real Estate Product and the end user (20:11) - How does Propy compare to traditional Web2 transaction management tools? Where do you see it going? (24:48) - Eric's journey in home services Proptech (27:28) - What does Propy look like at full-power in the market? (31:05) - Thoughts on the international nature of Real Estate (32:56) - How does the end user interact with Propy? (35:29) - Selling the first NFT transacted home in history (38:15) - How do you turn a property into a transactable NFT? (43:30) - How can non-digital assets be managed digitally? (47:02) - What's your decision process on which chains to build your product on? (50:08) - What parts of the Propy product today are written on chain or handled by smart contracts? (53:12) - Thoughts on digital locks updating based on the owner of an NFT (54:45) - Where do you see mortgages fitting into the future of Smart Contracts? (56:04) - Propy's Token sale process (58:57) - How does value accrue to the token and how does value accrue to the equity of Propy? (1:01:26) - Natalia's dreams for the city of the future Links: Propy NAR (National Association of Realtors) Natalia on Twitter Natalia on LinkedIn Adam on LinkedIn Additional Episodes If You Enjoyed: Sean O'Connor: How Blockchain is Changing Society with Costless Transactions Shane Mac: Building Messaging Protocol for Web3 (XMTP), Company Culture, and Scaling Trust To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter. Important quotes from Naval on building wealth and the difference between wealth and money: How to get rich without getting lucky. - Naval Ravikant Making money is not a thing you do—it's a skill you learn. - Naval Ravikant I came up with the principles in my tweetstorm (below) for myself when I was really young, around thirteen or fourteen. I've been carrying them in my head for thirty years, and I've been living them. Over time (sadly or fortunately), the thing I got really good at was looking at businesses and figuring out the point of maximum leverage to actually create wealth and capture some of that created wealth. - Naval Ravikant Seek wealth, not money or status. - Naval Ravikant Wealth is having assets that earn while you sleep. - Naval Ravikant Money is how we transfer time and wealth. - Naval Ravikant Ignore people playing status games. They gain status by attacking people playing wealth creation games. You're not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The old model of making money is going to school for four years, getting your degree, and working as a professional for thirty years. But things change fast now. Now, you have to come up to speed on a new profession within nine months, and it's obsolete four years later. But within those three productive years, you can get very wealthy. - Naval Ravikant Important quotes from the podcast by Naval on Leverage: “Give me a lever long enough and a place to stand, and I will move the earth.” —Archimedes To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media). - Naval Ravikant Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant If you can't code, write books and blogs, record videos and podcasts. - Naval Ravikant Leverage is a force multiplier for your judgment. - Naval Ravikant Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant “We live in an age of infinite leverage, and the economic rewards for genuine intellectual curiosity have never been higher. Following your genuine intellectual curiosity is a better foundation for a career than following whatever is making money right now.” - Naval Ravikant Important Quotes from the podcast on Business and Entrepreneurship There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important. Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start. But usually, the real wealth is created by starting your own companies or even by investing. In an investment firm, they're buying equity. These are the routes to wealth. It doesn't come through the hours. - Naval Ravikant
NAR (National Association of Realtors) says that 80%+ of ALL new agents don't make it past year 2. Why is that? We think there are several very clear areas where new(er) agents go wrong. Let's dig into it and see how to avoid them! Follow the HOMEgirls on Facebook Follow the HOMEgirls on Instagram Follow Angela Follow Jessica Follow Lyndsie www.therealHOMEgirlspodcast.com
Welcome back, welcome back, welcome back! Today we take a look at some new developments in the battle for real estate data as the NAR and their property access tool Sentrilock square off against Zillow with its recent acquisition of ShowingTime. Over the years, Zillow's influence in the real estate industry has grown as they've parlayed their access to the MLS into a position of confidence in the appraisal space with their Zestimates and recently, minimizing consumers' need for listing agents with Zillow Offers. Now, with access to all of ShowingTime's data on showings over the last 2 decades, Zillow has positioned itself as a more informed resource for real estate advice than realtors, much to the chagrin of the NAR (National Association of Realtors). In an effort to slow Zillow's assimilation of the real estate industry, the NAR is using Sentrilock, their tool that gives real estate agents electronic access to lockboxes on listings, to mount a last-ditch effort to secure the remnants of the industry data they didn't value in the past. We don't have a problem with realtors or real estate agents, but if our fellow real estate professionals don't adopt more investment principles, they could see their necessity dwindle in the coming years. Stay tuned for more information on this real estate revolution, and make sure you're up-to-date on developments in your area.Mentioned in today's episode:PropstreamLaunch ControlForeclosure.comGoHighLevelRentReportersHere's a link to the article Donny discussed in today's episode:NAR Schedules A Proxy War With ZillowWant to get started?Join the Foreclosure Deals Coach Insiders group on Facebook to begin your career in real estate investing. for even more information on foreclosure and real estate investing!https://4clsd.co/fdcClick the GoHighLevellink to sign up for a Free 14-Day Trial and revolutionize your marketing systems today!Sign Up For Your Free 14-Day Trial Of GoHighLevel!We're offering a FREE 7-Day Trial of the PropStream software when you sign up through the Foreclosure Deals Coach affiliate link. Go to dealhunter.io to sign up and be confident in analyzing your next deal!Sign Up For Your Free 7-Day Trial Of Propstream TODAY
Show Notes Duke Long (LinkedIn Profile) is a commercial real estate broker and 'Entrepreneur in Residence' at Second Century Ventures. In this conversation with Duke we cover many topics, from the influence of Sam Zell to his work in real estate, his move to New York and proptech. Please enjoy! *** You can email Duke - dukelong@dukelong.com Follow Duke on Twitter - https://twitter.com/dukelong Sign up to Duke's newsletter - https://us8.list-manage.com/subscribe?u=eb1dc660ddc4936aba7aa0091&id=19e6675a81 Listen to Duke's podcast - https://www.stitcher.com/show/duke-long-commercial-real-estate-with-a-little-attitude My conversation with Antony Slumbers can be found - https://anchor.fm/gavinjgallagher/episodes/18--PropTech-and-SpaceAsAService---a-Conversation-with-Antony-Slumbers-eis79h NAR - National Association of Realtors - https://www.nar.realtor/ CCIM - Certified Commercial Investment Member - https://www.ccim.com/ SIOR - Society of Industrial and Office Realtors - https://www.sior.com/ *** My Book 'Your Best Life' - https://amzn.to/38WPmVf My Book 'Work Life Blend' - https://clionas.ie/product/work-life-blend/ Follow Gavin on Clubhouse - https://joinclubhouse.com/@gavinjgallagher Meetup Group - https://www.meetup.com/behind-the-facade-community/ Facebook page - https://www.facebook.com/BehindTheFacadePodcast LinkedIn page - https://www.linkedin.com/company/behind-the-facade-podcast If you would like to join the Facebook Group where Gavin posts live videos and responds to question, its called Behind The Facade Community and you can find it here - https://www.facebook.com/groups/1143988072600584 If you are interested in joining a future Behind The Facade Mastermind group for coaching, a WhatsApp group and a weekly Zoom call where you can ask specific questions and get direct advice and feedback then please sign up to the email list via the website www.gavinjgallagher.com/go If you have any questions you'd like answered on the show please make a voice recording and send it to podcast@behindthefacade.fm Subscribe so you don't miss an episode and connect with Gavin on social media (FB Page, LinkedIn, Twitter, Instagram) --- Send in a voice message: https://anchor.fm/gavinjgallagher/message
Our very special guest, Nadia Evangelou, Senior Economist & Director of Forecasting at NAR National Association of REALTORS® joins us to discuss the current and future market. Watch this video to find out how the housing market is outperforming and housing recovery is far beyond our expectations!______________________►Where to follow and listen to Breakfast with the BrokerInstagram: https://instagram.com/remaxservicesbocaratonFacebook: https://www.facebook.com/breakfastwithbrokerWebsite: https://davidserle.remax.com/pages/breakfast-with-the-brokeriTunes: https://podcasts.apple.com/us/podcast/breakfast-with-the-broker/id1497747814----Thank you for watching this video—Please Share it. I like to read comments so please leave a comment and…► Subscribe to My Channel: https://www.youtube.com/breakfastwiththebroker?sub_confirmation=1--David Serle is the Broker/Owner of RE/MAX Services and currently resides in his home town of Boca Raton. David Serle has been conducting interviews with Real Estate Professionals since 2018 as his mission is to improve the professionalism in the Real Estate Industry. Breakfast with the Broker has won a RIS Media award and has been featured in Florida Realtor Magazine in 2020. David has been training agents for over a decade to build their real estate business and grow their referral base. David is very well known in the South Florida Real Estate Community as he resides on plenty of the boards of Realtors for the Broward, St. Lucie, and Palm Beach Realtors. David urges other realtors to be professional and nice to others no matter their level of expertise! Be sure to subscribe and watch us LIVE on Facebook every Tuesday morning! #realestateinterview #firsttimerealtor #business #realestate #investing See acast.com/privacy for privacy and opt-out information.
In 2018 the NAR (National Association of Realtors) Member profile showed that 82% of the members are white while for the US population, it is closer to 60% of the population. What is even more interesting, is that of the top 25 markets in the US, 21 are majority-minority in their ethnic & racial demographics. The abovementioned information clearly indicates a need for diversity in both the agent and broker population.Host: Jason RiveiroGuest(s): Melissa Gomez, Broker, ERA Top Service, Queens, New York, and Natalie Carpenter, Coldwell Banker, Chicago, Illinois
The National Association of Realtors has released their annual report of Home Buyers and Home Sellers. There’s some interesting information here that we felt was pertinent and worthy of sharing. We’ll cover this in two parts. First will be the Home Buyers. • So The first thing I noticed here was that 78% of non-home owners believe that homeownership is a good financial decision. Not only do I agree, but we can back this up with substantial data. You can google “Homeowners vs Renters net worth” or you can take my research at face value. Homeowner’s net worth is 45 times greater than renters. That’s a big number. Simply put, homeownership is a form of “forced savings” Every time you pay your mortgage, you’re contributing to your net with. Every time you pay your rent, you’re contributing to your landlords net worth. • 33% of home buyers in 2019 were first-time buyers. Their typical age was 47. So, seems crazy that back when I started selling real estate 2 decades ago, the average age of a first time home buyer was 27. It’s moved back 20 years…I think, in part, buyers are susceptible to carrying more debt nowadays. More debt from credit cards, vehicles, student loans, etc…I’d say we could take some lessons from our predecessors in putting off some of the “I want it now” by asking ourselves, “do I need it now”? I also think it’s important based upon the first NAR statistic that we focus on getting a home sooner rather than later. Fix your monthly payment, while rent goes up, mortgages do not. • 52% of home buyers hired an agent primarily to help them with find the right home. • 89% of buyers who purchased a home used a real estate agent or broker, an estimated 6% bought from a friend or relative. I’m not surprised, in this challenging market it pays to have a real estate professional guide you through the home buying process. A full time real estate professional not only helps you find homes that match your specific needs quickly, they are experts in navigating the negotiation process and guiding the transaction from contract to close. They also have access to professional vendors that can assist with things like mortgages, insurance, repairs, flooring, paint, you get the point. • 90% of buyers would use their agent again or recommend their agent to others. We thank you for that, as referrals have always been the lifeblood of our business. • Buyers typically searched for 10 weeks and looked at a median of 9 homes before they purchased a home. We’ve been pretty fortunate on The Stern Team, as our systems are so specific and since we have buyer’s only agents, our average buyer looked at 5 homes before they found their perfect home. • Finally, 75% of Non-owners believe homeownership is part of their “American Dream.” They’re right. I’ve been saying it for decades. Every day I wake up excited to be in the American dream business. Nothing more gratifying than delivering keys to a first time home buyer, attending their house warming parties and watching them turn a house into a home.
NAR (National Association of Realtors) states that more and more agents are forming or joining teams in the past years. This could be due to the rising costs of technology, increased amount per lead converted, and clients are wanting a "full-service" experience which being a solo agent may make it difficult to accomplish. I started my real estate team, Imperial Home Team, in 2014 and had my fair share of bruises over the years. In the end, I wouldn't have changed it as these helped me enhance to where we run our team today. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/re-agent-help-desk/support
Today we discuss BDMs and the importance of their role in property management companies. Guest: Mike Catalano Real Estate ConnectionsMike has nearly 20 years of leadership experience in developing real estate firms. He is currently the CEO of Real Estate Connections and CEO of NextGen Property Ventures, real estate investment and property management firms based in Los Gatos (REC), Santa Cruz (Portola PM), & Roseville (Sunburst Properties), California. He is a Board of Director for Fourandhalf, an internet marketing company specializing in property managers. He also sits on the board of HappyCo, an mobile platform for inspections and operations. He is a recognized thought leader and regular industry speaker on the topics of property management firm acquisitions, real estate investments, and real estate marketing best practices. He is a member of NAR (National Association of Realtors) and CAR (California Association of Realtors). Mike holds a Real Estate Broker’s license in California. Hosts:Steve Rozenberg – Co Founder of Empire Industries LLC, investor, speaker.Alex Osenenko – President and CEO of FourandHalf
Yumiko Ishibashi is a seasoned Real Estate professional who specializes in listing and selling Residential Homes, International Real Estate, Military Relocation, Investment property, Standard Sales, Short Sales and Bank Owned Homes in San Diego, Orange and Riverside County. Since the beginning of her career, her motto has been "Client's satisfaction is my #1 priority" as reflected by many of her referrals and returning clients. Since 2007, she has been involved in many transactions. Providing high quality services to her clients throughout the years, she has acquired two professional designations and three certifications. In her early years she received "Rookie of the Year" award, later advanced to achieve "Top Sales Person of Month" and Century21 "2013 Quality Service Producer". Yumiko is keen in the utilization of new programs, applications and technology in the industry. With the growing trend of accessible software, she maximizes her matrix of business applications for social medias. She also enjoys incorporating English and Japanese into her profession, which is supplemented by her understanding of a variety of cultural backgrounds in her expansive business network. She is a member of some organization such as NAR (National Association of REALTOR®), CAR (California Association of REALTOR®), NSDCAR (North San Diego County Association of REALTOR®), SRCAR (Southwest Riverside County Association of REALTOR®) and AREAA (Asian Real Estate Association of America). Outside of work she spends quality time with her husband, daughter, son and a family dog. Her interests include golf, wine, travel, animals, volunteering, technology and investments. In memory of her mother in law, she contributes a portion of each of her real estate commissions to support the Susan G. Komen Inland Empire. Currently she enjoys being a dedicated, full time Real Estate Agent as her children have now graduated from school. Want to learn more about today's guest, special offer and where you can connect with her? Click here (…)
EZ TALK LIVE gets live again with a amazing guest the Celebrity Real Estate Power Couple #CelebrityRPC This show helps to influence the influencers to make a difference and looks to create massive awareness for charity and like minded leaders. Our guests Jean-Pierre Joyce & Anjelika-Kaufman Joyce Celebrity Real Estate Power Couple Broker Associate/Realtors at Rodeo Realty in Beverly Hills (specializing in Luxury home sales, leases, short sales, foreclosures, commercial businesses, property management & relocation specialists, working closely with the International market in both Europe and Asia) Also own and operate our own Real Estate Company “Poshli Real Estate & Finance” for the past 13 years in Northern California & members of CVAR (Central Valley Association of Realtors), NAR (National Association of Realtors), BHGLAAR (Beverly Hills Greater Los Angeles Association of Realtors), GRI, Master’s Club, Highest Ranked Agent based on Client Reviews
ARV stands for After Repaired Value and these days is one of the most common acronyms used in real estate investing. This term is generally used by wholesalers and rehabbers to describe the intended value of a home after renovations are complete. Too often in today’s market, unknowing buyers accept this number as factual information. Inexperienced investors can get themselves in hot water by believing the ARV figure without doing their own research. The true value of a property is that which the end user is willing to pay for it. Consider the source (organized in descending order as it relates to accuracy of valuation): Appraisers are usually licensed (in most states) and to be licensed they must undergo training to learn about the USPAP. The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards for the appraisal profession in the United States. A licensed appraiser is required to conform to the USPAP standards and has no financial interest or incentive to manipulate the valuation they provide. An appraisal by a licensed appraiser is usually the only valuation model an institutional lender will accept. Realtors are taught a more condensed version of the USPAP standards and should have access to the tools necessary to determine fair market value based purely on sold data of other homes. Just because they have access to these tools, does not mean they are fully clear on how to use them. Realtors are required to conform to the NAR (National Association of Realtors) standards of ethical conduct when providing an opinion of value. Savvy agents know that they need to be conservative when providing valuation data to ensure the home purchase will pass the appraisal “litmus test” when the buyer is obtaining a mortgage. Wholesalers are often an unlicensed individual who is not required to undergo any formal training in determining value. A wholesaler has no ethical requirement in regard to advertising a home valuation to the public. They are in the business of hustling houses, like Realtors, yet without any public accountability measures in place. Most wholesalers seek cash buyers that will not elect to hire an appraiser. A Seller can also have an opinion of value but after all….they have the most to gain from the sale of the home. Does it make sense to believe what they say in regard to the value of their home? Automated Valuation Models are everywhere. (Zillow, Core Logic, Trulia, Redfin just to name a few) There are countless systems available to use computerized algorithms as a means to spit out home valuations. The data is often flawed and inaccurate. AVM valuations should never be relied upon as a sole means of determining value. How to determine a home’s value Know the neighborhood, The buyer must have a clear understanding on the trends in the immediate area and the what the driving economic forces are in the area. When determining value, the buyer must first consider homes that are “like kind” in nature. Don’t use a 4 bedroom house when the property you are buying is a 2 bedroom. The only exception here is if your house is the only two bedroom property in the area. Know your customer, As an investor, you are certainly serving someone’s needs. If you are the wholesaler, the rehabber or landlord is your customer (you need to leave some “meat on the bone”. If rehabbing the house to flip, the end user buyer is your customer. If you are a landlord, the tenant is your customer. By taking the time to learn who your ideal customer is, you can determine the after repair value of the home more accurately. Know your appraiser, if you hire an appraiser be sure to hire one that is local to the area your home is located in. The appraiser should have experience in the immediate area and not be from a place far, far away. Think about the factors that influence the home’s value. Use comparable sales that closely match the subject property. Pick comparables that have the same (or similar) architectural style whenever possible. Lot size, building square footage, number of beds, baths and garages should all be a close match. Another factor to consider is the distance of the comparable properties to your subject property. Try to keep the distance apart to a minimum, the closer the better. How to sell for more Simply put, you get what you pay for. Are you really equipped with the skills to sell it yourself? Should you hire an agent to sell it for you? To obtain the highest price possible, you need to attract as many potential buyers as possible. If you hire a Realtor, don’t beat them up on their fee and then expect to get the best work out of them. Instead, offer them compensation that inspires them to bring you top dollar offers. Agents are (or should be) your partner in the transaction...by that I mean they should have incentives to bring you the best offers available. Take the steps necessary to position the home in its best light, use a good looking professional sign if you sell yourself, or hire an agent that will market your property in the most effective ways possible. Have you joined our facebook group yet? If not head on over to CashFlowGuys.com/Group to join our community and continue to learn to earn. Do you need help? Are you stuck on deciding what to do next? Head on over to CashFlowGuys.com/AskTyler to book a 30 minute phone consultation with Tyler Sheff to get unstuck.
#007 - Being Emotionally Available for Others / Putting Evolutionary Pressure On Yourself / Exposing NAR (National Association of Realtors) / Starting From a Position of High Integrity / Doing Things Right the First Time Every Time. Being emotionally available for others when they are not emotionally available for themselves. RBQT - meditation. Putting evolutionary pressure on yourself so you can stretch the elastic mind. Exposing the NAR - National Association of Realtors Starting from a position of high integrity. Doing things right the first time, every time. www.exposingrealestate.com scott@exposingrealestate.com colin@exposingrealestate.com Hear our new show at: Web http://2rationalbastards.com http://tworationalbastards.com iTunes http://bit.ly/iTunes2RB Google http://bit.ly/Google2RB Youtube http://bit.ly/Youtube_2RB FaceBook https://www.facebook.com/2RationalBastards/ Email 2rationalbastards@gmail.com
This Week in Costa Rica - Expats Living, Working, and Traveling in Costa Rica
This week Corey and Dan of The Costa Rican Times speak on: The Organization for Economic Cooperation and Development (OECD) would like to have a single global standard by which countries share tax information. The Russia’s ambassador in Managua verified that Russia would like to construct a military resupply base in Nicaragua. The Ministry of Environment and Energy (MINAE) announced that the UN allocated $3.7 million to the conservation and sustainability of 11 protected wetlands in Costa Rica. Drug traffickers transported 2,500 kgs (about 5,500 lbs) of cocaine inside a container of pineapples, from Costa Rica to Algeciras in the southern region of Spain. Interview: Rebecca Clower of Blue Water Properties of Costa Rica Since 2003, I have worked as a Licensed Realtor in Tampa, Florida and currently live in Costa Rica and own a Real Estate & Property Management company called Blue Water Properties of Costa Rica with our main office located near Playa Conchal in Guanacaste. Our tour agency, Blue Water Adventures, is based out of our Tamarindo office. We have 4 offices in total in Conchal, Playa Tamarindo, Playa Grande and Playa Negra to better serve our clients. Our company has a full-service Vacation rental division for long and short-term luxury rentals at the beach. We currently employ 5 real estate agents, and 10 full time office support staff and like to think of our company as truly different. Catering to our clients every need in our #1 priority. Without an MLS in Costa Rica to search for properties, it’s important to work with licensed Professionals who will not only show you their inventory, but that of the competition. We are a unique company in that the broker is a Licensed Realtor in the USA (Florida ). We are also members of NAR (National Association of Realtors) and CRGAR (Costa Rica Global Association of Realtors). I have been nominated as one of the “Top 100 Realtors in Costa Rica by the VIP Members of the www.WeLoveCostaRica.com website” and also have my CIPS designation (Certified International Property Specialist). I am a Board Member of CRGAR and have been featured on several episodes of HGTV’s new show called “Live Here, Buy This” and “House Hunters International”. We specialize in residential, commercial, development, vacation rentals and tours. I am deeply rooted in everything Costa Rica, as my mother, including most of my family is from this beautiful country. My ability to speak fluent English and Spanish helps weave the way in the country. Our websites: www.bwpcr.com, www.bluewateradventuretours.com. Also visit us on FB and Twitter! Thanks for the support of our wonderful sponsors; Robert Clark Insurance, Anti-Aging and Wellness Clinic,Croc’s Casino and Resort, The Costa Rica Star, Global TESOL College, and Podfly Productions LLC.
http://thereiminute.com Last week there was a lot of talk surrounding the idea that congress needs to extend the 1st Time Homebuyer Tax Credit beyone it’s April 30th deadline. Everyone from NAR (National Association of Realtors) to economists from the big banks have given their two cents. Today we discuss the idea of extending the tax credit and how it effects you as a real estate investor or Realtor.