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

Byron Lazine and Nicole White discuss a proposal from the Department of Justice (DOJ) to put an end to seller-paid commissions for buyer agents and a response from the National Association of Realtors (NAR). Watch the Real Word episode 308 with Notorious ROB, “Ketchmark vs Lamacchia Commission Lawsuit Debate: Notorious R.O.B. Speaks Out”: https://www.youtube.com/watch?v=8Ihm7BX2g08 𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe Use discount code REALWORD for 10% off your annual subscription! 𝐑𝐞𝐦𝐢𝐧𝐝𝐞𝐫𝐌𝐞𝐝𝐢𝐚: Tired of spending your hard earned money on marketing you know never makes it past the trash can or spam filter? Imagine getting texts and calls thanking you for your marketing. That’s what we do for you → https://remindermedia.com/bamsample/ Subscribe to the BAM YouTube channel: https://tinyurl.com/aatxhaka Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate Connect with Byron Lazine: https://www.instagram.com/byronlazine Connect with Nicole White: https://www.instagram.com/nicolewhite.ct/ This episode's sources: https://nowbam.com/doj-proposes-an-end-to-seller-paid-commissions-for-buyer-agents/# https://www.inman.com/2024/02/23/nar-breaks-silence-on-doj-call-to-decouple-commissions/ Timestamps: 00:00-01:38 Intro 01:39 Topic—DOJ Proposes An End To Seller-Paid Commissions For Buyer Agents 03:06 “Here’s the big takeaway….” 05:36 “It’s not ‘could this happen?’ It’s ‘this is happening’….” 06:49 Nicole on buyers submitting offers asking the seller to pay their agent’s commission 08:57 Stephen Brobeck quote from Inman article (CFA hails DOJ’s proposal & NAR’s response) 18:09 “There are so many additional layers to all this…” 19:01 NAR Pres. Kevin Sears: “The way we operate our business is going to change….” ——— BAM PARTNERS 𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today → https://www.mosaik.io/ 𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/ 𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200 𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name 𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners ——— #departmentofjustice #nationalassociationofrealtors #commissions