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.”

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This episode's sources:
https://listwithclever.com/research/r...
   • NAR Settlement Scripts with Tom Ferry...  

Timestamps:

00:00–01:35 Intro
01:35 Topic #1: Clever survey on commission changes
03:38 61% of Americans agree with commission lawsuits’ main premise
05:27 89% of agents don’t believe the allegations are valid
07:55 66% of prospective homebuyers say they wouldn’t be able to afford an agent’s commission…
08:52 Dual agency (caveats, AI, etc.)
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.
24:39 Byron explains what Tom said: “This is a real estate recession…”
25:39 Asking Nicole if this is a once & a lifetime opportunity & Nicole’s answer
29:01 “The greatest opportunity is the one you take advantage of…”

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#narsettlement #tomferry #commissions