Will Commission-Sharing Sites Thrive Amidst DOJ Ruling? | The Real Word 321

Byron Lazine and Nicole White discuss the rise of commission sharing sites—specifically Nesthook.com and Listingsplit.com—the acquisition of Xome (DIY sales platform) by Mr. Cooper Group, and how Xome compares to Opendoor 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/ _______ 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://www.marketwatch.com/story/nearly-55-000-home-sellers-to-receive-62-million-in-refunds-from-opendoor-76cbe6a9 https://www.housingwire.com/articles/mr-cooper-group-subsidiary-launches-diy-sales-platform-no-agent-needed/ https://www.inman.com/2024/06/03/commission-disclosure-platform-aims-to-sidestep-nar-mls-rules/ https://www.realestatenews.com/2024/06/03/commission-sharing-sites-are-cropping-up-will-they-last Resources mentioned: https://listingsplit.com/ https://www.nesthook.com/ https://www.mrcooper.com/ https://www.mrcoopergroup.com/ Timestamps: 00:00–01:15 Intro 01:15 Racket 1: Commission-sharing sites are cropping up 03:35 “Here’s an interesting thing about domains….” (DNJournal.com) 06:04 Listingsplit.com and Nesthook.com (commission sharing sites) 11:29 Knowledge Brokers pod mention (from last Friday, 05/31/24) 12:33 “There’s absolutely nothing creative about this…” (Miller) 13:08 “Stop Zillow” - mention from episode one of Real Word 14:58 Taking the websites one by one, starting with Nesthook.com 16:49 Listingsplit.com (geared towards sellers and buyers) 20:33 Racket 2: Mr. Cooper Group subsidiary launches DIY sales platform 23:36 What is Mr. Cooper Group? 24:33 Headline of article on Xome acquisition and comparison to Opendoor 28:42 “Is Xome stopping with investors or…?” 31:51 Live YouTube Objection Handling event Thursday at 3 pm ET ——— BAM PARTNERS 𝐌𝐨𝐬𝐚𝐢𝐤 is everything you need once a lead becomes a client: Collaborative Search. Listing Management. Transaction Management. Forms. Client Retention. Advanced Analytics. Unlock your digital sidekick today. Use code “bam200” for $200 off the one-time implementation fee → https://www.mosaik.io/ 𝐕𝐮𝐥𝐜𝐚𝐧𝟕: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY → https://www.vulcan7.com/bam/ 𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200 𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://signup.propstream.com/name 𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners 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 ——— #commissions #Zillow #Opendoor