Is The NAR Settlement A Once In A Lifetime Opportunity? | The Real Word 323

Byron Lazine and Nicole White discuss a Clever Real Estate survey revealing agent and consumer views on upcoming changes to the real estate commissions structure, along with what real estate coach Tom Ferry means when he describes the NAR settlement as a “once in a lifetime opportunity.” 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code REALWORD for 10% off your annual subscription! Join us at BAM Mania! The Must-Attend Real Estate Event Of The Year: https://brokeagentmedia.lpages.co/bam-mania-2024/ Take the Agent Sentiment Survey: https://wss.pollfish.com/link/021c134e-48a6-4b2c-a4be-ffa880584649 _______ 1000watt Brand & Marketing Summit → Use the discount code BAM for 15% off the ticket price: https://1000watt.net/events/summit/ ________ 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/ Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate Connect with Byron Lazine: https://www.instagram.com/byronlazine Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ This episode's sources: https://listwithclever.com/research/real-estate-commission-changes-2024/ https://www.youtube.com/watch?v=KN2nT-elCTA Timestamps: 00:00–01:35 Intro 01:35 Topic #1: Clever survey on commission changes 12:06 95% of surveyed agents expect the new commission structure will... 13:00 “Why do you support changes in commission structure?” (chart) 14:30 “Why do you oppose…?” (chart) 17:14 “Have you ever negotiated the commission rate with a real estate agent?” (chart) 18:11 A negotiation does not mean… This is where people need understanding 19:35 “Will the NAR settlement impact whether you will use a real estate agent…?” (chart) 20:09 “How do you think the settlement will affect the real estate industry?” (chart) 20:40 “When the settlement takes effect, what do you expect average commission rates to be?” (chart) 23:28 Topic #2: Tom Ferry says NAR settlement is a once in a lifetime opportunity. ——— BAM PARTNERS 𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/ 𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/ 𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200 𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://trial.propstreampro.com/bam/ 𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 𝐒𝐢𝐞𝐫𝐫𝐚 𝐈𝐧𝐭𝐞𝐫𝐚𝐜𝐭𝐢𝐯𝐞: Solutions That Maximize ROI. SEO powered IDX websites and a predictive CRM driven by marketing automations that help you capture, convert and close. Faster. Let's Chat → https://get.sierrainteractive.com/bam 𝐅𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧𝐬: Maximize tax savings, reduce administrative burdens, and increase take-home pay with a financial management solution specifically for real estate agents: get.formationscorp.com/bam ——— #narsettlement #tomferry #commissions