Byron Lazine and Nicole White discuss the terms of the Anywhere and RE/Max settlements, NAR’s reversal on zero-percent buyer agent commission, NAR membership in the next 12–24 months, and what it will mean for businesses that depend on NAR’s chokehold on the industry.
Tell us your thoughts on NAR in this 3-minute survey: https://wss.pollfish.com/link/bd78433b-8053-4afc-bb00-8e92882e6aa5
Join us for tomorrow’s Business Planning webinar (Wednesday, October 11 at 3 pm ET): https://us02web.zoom.us/webinar/register/4516964490807/WN_Fr2WbVsORESwOY4-LUGrZA#/registration
Last week’s pod: https://www.youtube.com/watch?v=tmNv9i05IeY
Episode with Rob Hahn aka “Notorious R.O.B.”: https://www.youtube.com/watch?v=SDI7SZctMUg
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Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/
This episode's sources:
https://nowbam.com/details-from-anywhere-and-re-max-settlements-no-nar-membership-needed/
https://nowbam.com/nar-changes-its-stance-and-allows-listings-with-0-buyer-commission/
https://nowbam.com/redfin-announces-it-is-leaving-nar/
Timestamps:
00:00–00:40 Intro
00:40 Recap of last week’s episode: Redfin & NAR news
02:38 NAR flip-flop—now allowing 0%/$0 buyer agent compensation
03:40 Here’s what NAR is failing at
04:56 The terms of Anywhere--RE/Max settlements
12:58 Byron’s projection on NAR membership over the next 12–24 months
14:01 “NAR has yet to show their value” – Take the survey linked below
15:14 Extreme disruption in businesses tied to NAR
18:13 “Is this an admission of wrongdoing in any way?”
23:31 “It’s really all about transparency.”
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#nationalassociationofrealtors #remax #nar
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