The Real Word The Real Word
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Welcome to The Real Word, hosted by real estate professionals and entrepreneurs Byron Lazine and Nicole White. Each week, Byron and Nicole share their word on current industry news, discuss rackets flooding the industry, and shout out a marketeer of the week.
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72% Of Agents Think This About NAR | The Real Word 316
Byron Lazine and Nicole White discuss last weekโs unfiltered BAM interview with NAR president Kevin Sears, Inmanโs survey asking agents if NAR is good for the industry, and 55,000 home sellers receiving a refund from Opendoor.
๐๐๐๐จ๐ฆ๐ ๐ ๐ฆ๐๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ฑ: https://bamx.uscreen.io/pages/subscribe
Use discount code REALWORD for 10% off your annual subscription!
BAM WebinarโKeep Your Clients for Life: https://us02web.zoom.us/webinar/register/1817140992875/WN_JMtmou3VSyKx9Yanc9bU8w#/registration
Kevin Sears Interview With BAM: https://youtu.be/RolUHg3B940
๐๐๐ฆ๐ข๐ง๐๐๐ซ๐๐๐๐ข๐: 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. Thatโs what we do for you โ 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
Timestamps:
00:00โ00:32 Intro
00:33 Racket #1โRecap of Kevin Sears Pod
06:35 Racket #2โInman Surveys Agents on if NAR Is Good For Industry
20:09 Racket #3โ55,000 Home Sellers Receive Refund From Opendoor
โโโ
BAM PARTNERS
๐๐จ๐ฌ๐๐ข๐ค 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 โbam200โ for $200 off the one-time implementation fee โ https://www.mosaik.io/
๐๐ฎ๐ฅ๐๐๐ง๐: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY โ https://www.vulcan7.com/bam/
๐๐ข๐ซ๐ญ๐ฎ๐๐๐ฌ๐ค: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee โ https://myvirtudesk.com/contact?promocode=BAM200
๐๐ซ๐จ๐ฉ๐๐ญ๐ซ๐๐๐ฆ: The most trusted provider of comprehensive real estate data nationwide. Try it FREE โ https://signup.propstream.com/name
๐๐ข๐ฌ๐ฎ: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% โ https://sisu.grsm.io/bam-pod-partners
๐๐ข๐๐ซ๐ซ๐ ๐๐ง๐ญ๐๐ซ๐๐๐ญ๐ข๐ฏ๐: 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 โ https://get.sierrainteractive.com/bam
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#nationalassociationofrealtors #narsettlement #inman -
The Central Problem Plaguing Real Estate | The Real Word 315
Byron and Nicole break down the latest trends in real estate training, discussing the importance of ethical practices and agent management. They delve into the effectiveness of training, the ethics of accepting gifts, and how feeling appreciated can impact business relationships. They also explore the practicalities of fee structures and the strategic silence of corporations on agent counts.
๐๐๐๐จ๐ฆ๐ ๐ ๐ฆ๐๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ฑ: https://bamx.uscreen.io/pages/subscribe
Use discount code REALWORD for 10% off your annual subscription!
๐๐๐ฆ๐ข๐ง๐๐๐ซ๐๐๐๐ข๐: 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. Thatโs what we do for you โ 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://notoriousrob.substack.com/
https://nowbam.com/is-nar-hiding-membership-data/
Timestamps:
00:00โ00:53 Intro
02:55 Notorious R.O.B.โs response to the question, โWill 6% commissions end?โ
06:21 Amateurs & marginal agents vs. pros (referencing the Swanepoel Danger Report)
14:53 The important takeaway from the U of M event (per Notorious R.O.B.)
16:03 Reddit post from a homebuyer: โDo we tip him?โ
18:55 Nicoleโs response to that question (โHey, can I offer you a tipโฆ?โ)
21:27 Why has NAR removed its membership data?
26:18 Stay tuned for BAM interviews lined up at T3 Sixty
โโโ
BAM PARTNERS
๐๐จ๐ฌ๐๐ข๐ค 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 โbam200โ for $200 off the one-time implementation fee โ https://www.mosaik.io/
๐๐ฎ๐ฅ๐๐๐ง๐: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY โ https://www.vulcan7.com/bam/
๐๐ข๐ซ๐ญ๐ฎ๐๐๐ฌ๐ค: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee โ https://myvirtudesk.com/contact?promocode=BAM200
๐๐ซ๐จ๐ฉ๐๐ญ๐ซ๐๐๐ฆ: The most trusted provider of comprehensive real estate data nationwide. Try it FREE โ https://signup.propstream.com/name
๐๐ข๐ฌ๐ฎ: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% โ https://sisu.grsm.io/bam-pod-partners
๐๐ข๐๐ซ๐ซ๐ ๐๐ง๐ญ๐๐ซ๐๐๐ญ๐ข๐ฏ๐: 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 โ https://get.sierrainteractive.com/bam
โโโ
#realestateagents #commissions #nationalassociationofrealtors -
New Ruling Allows DOJ To Reopen NAR Investigation | The Real Word 314
Byron Lazine and Nicole White discuss the green light for the DOJโs continued investigation into NAR commission rules, a timeline of facts, and a related article by Notorious ROB.
๐๐๐๐จ๐ฆ๐ ๐ ๐ฆ๐๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ฑ: https://bamx.uscreen.io/pages/subscribe
Use discount code REALWORD for 10% off your annual subscription!
BAM Camp D.C. โ Early Bird Pricing extended! https://brokeagentmedia.lpages.co/bam-camp-dc/
BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/
๐๐๐ฆ๐ข๐ง๐๐๐ซ๐๐๐๐ข๐: 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. Thatโs what we do for you โ 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/new-ruling-by-u-s-court-of-appeals-allows-the-doj-to-reopen-nar-investigation/
https://nowbam.com/what-the-real-estate-industry-can-learn-from-the-doj-lawsuit-against-apple/
https://notoriousrob.substack.com/p/dont-call-it-a-comeback-doj-wins
Timestamps:
00:00-00:36 Intro
00:37 Racket #1: New Ruling Allows The DOJ To Reopen NAR Investigation
07:40 Racket #2: Donโt Call It A Comeback: DOJ Wins In DC Circuit (Notorious ROB)
โโโ
BAM PARTNERS
๐๐จ๐ฌ๐๐ข๐ค 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 โbam200โ for $200 off the one-time implementation fee โ https://www.mosaik.io/
๐๐ฎ๐ฅ๐๐๐ง๐: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY โ https://www.vulcan7.com/bam/
๐๐ข๐ซ๐ญ๐ฎ๐๐๐ฌ๐ค: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee โ https://myvirtudesk.com/contact?promocode=BAM200
๐๐ซ๐จ๐ฉ๐๐ญ๐ซ๐๐๐ฆ: The most trusted provider of comprehensive real estate data nationwide. Try it FREE โ https://signup.propstream.com/name
๐๐ข๐ฌ๐ฎ: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% โ https://sisu.grsm.io/bam-pod-partners
โโโ
#dojustice #nationalassociationofrealtors #narsettlement -
Commission Scripts, Barbara Corcoran's NAR Comments, & Agent Counts | The Real Word 313
Byron Lazine and Nicole White discuss real estate head counts under pressure, Barbara Corcoranโs comments on the NAR settlement, and the Kevin Sears interview with Jared Jamesโbefore roleplaying how to discuss the NAR settlement when the topic comes up in conversation.
๐๐๐๐จ๐ฆ๐ ๐ ๐ฆ๐๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ฑ: https://bamx.uscreen.io/pages/subscribe
Use discount code REALWORD for 10% off your annual subscription!
BAM Camp D.C. โ Early Bird Pricing extended! https://brokeagentmedia.lpages.co/bam-camp-dc/
BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/
๐๐๐ฆ๐ข๐ง๐๐๐ซ๐๐๐๐ข๐: 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. Thatโs what we do for you โ 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.resiclubanalytics.com/p/real-estate-agent-head-counts-will-pressure-even-commissions-hold-steady
https://nowbam.com/why-barbara-corcoran-says-the-nar-settlement-is-not-a-big-deal/
https://nowbam.com/nar-president-kevin-sears-on-nars-decision-to-settle-the-dojs-role-va-buyers-nar-dues/
Timestamps:
00:00-00:39 Intro
00:40 Racket 1: Real Estate Agent Head Counts Will Be Under Pressure
17:40 Racket 2: Barbara Corcoranโs Comments on NAR Settlement
25:08 Racket 3: Kevin Sears Interview With Jared James
31:11 Roleplaying NAR Settlement When Brought Up In Conversation
โโโ
BAM PARTNERS
๐๐จ๐ฌ๐๐ข๐ค 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 โbam200โ for $200 off the one-time implementation fee โ https://www.mosaik.io/
๐๐ฎ๐ฅ๐๐๐ง๐: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY โ https://www.vulcan7.com/bam/
๐๐ข๐ซ๐ญ๐ฎ๐๐๐ฌ๐ค: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee โ https://myvirtudesk.com/contact?promocode=BAM200
๐๐ซ๐จ๐ฉ๐๐ญ๐ซ๐๐๐ฆ: The most trusted provider of comprehensive real estate data nationwide. Try it FREE โ https://signup.propstream.com/name
๐๐ข๐ฌ๐ฎ: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% โ https://sisu.grsm.io/bam-pod-partners
โโโ
#realestateagents #barbaracorcoran #nationalassociationofrealtors -
NAR Blindsides Big Brokerages In Lawsuit Settlement | The Real Word 312
Byron Lazine and Nicole White discuss the terms of the NAR settlement, the brokerages (and agents) left out, an article by Rob Hahn aka Notorious ROB, and commission lawsuit plaintiffs seeking $4.7 billion from HomeServices of America.
๐๐๐๐จ๐ฆ๐ ๐ ๐ฆ๐๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ฑ: https://bamx.uscreen.io/pages/subscribe
Use discount code REALWORD for 10% off your annual subscription!
LIVE Knowledge Brokers Panel: The NAR Settlement: What agents need to know: https://www.youtube.com/watch?v=-Qdxi6JJOuM
๐๐๐ฆ๐ข๐ง๐๐๐ซ๐๐๐๐ข๐: 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. Thatโs what we do for you โ 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://nowpondering.com/wp-content/uploads/2024/03/nar-settlement-agreement-download-2024-03-15-JThompson-NowPondering.pdf
https://notoriousrob.substack.com/p/second-take-nar-settlement-big-brokerages
https://www.realestatenews.com/2024/03/18/plaintiffs-seek-whopping-usd4-7-billion-from-homeservices
Timestamps:
00:00โ01:22 Intro
01:23 Racket #1: NARโs Terms For Commission Lawsuit Settlement
02:33 This does NOT end all commission-related lawsuits.
07:41 The formula for opting in, with examples from Rob Hahn (Notorious ROB)
09:09 Notorious R.O.B. โBig Brokerage Clubโ; Compass looking at $570 Million
13:14 Total Settlement is actually $2.24 Billion
13:31 Racket #2: Plaintiffs Seeking $4.7 Billion From Berkshire Hathaway / HomeServices
15:03 Notorious ROB calls the settlement, โSocialism Realtor-styleโ
16:53 List of some companies involved in NARโs terms
17:38 Will excluded brokerages seek their own settlement (apart from NAR)?
25:26 Wednesdayโs LIVE Knowledge Brokers panel on the NAR settlement
โโโ
BAM PARTNERS
๐๐จ๐ฌ๐๐ข๐ค 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 โbam200โ for $200 off the one-time implementation fee โ https://www.mosaik.io/
๐๐ฎ๐ฅ๐๐๐ง๐: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY โ https://www.vulcan7.com/bam/
๐๐ข๐ซ๐ญ๐ฎ๐๐๐ฌ๐ค: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee โ https://myvirtudesk.com/contact?promocode=BAM200
๐๐ซ๐จ๐ฉ๐๐ญ๐ซ๐๐๐ฆ: The most trusted provider of comprehensive real estate data nationwide. Try it FREE โ https://signup.propstream.com/name
๐๐ข๐ฌ๐ฎ: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% โ https://sisu.grsm.io/bam-pod-partners
โโโ
#nationalassociationofrealtors #settlement #sitzerburnett -
Up to Date Realtor Expenses Revealed (NAR Salaries) | The Real Word 311
Byron Lazine and Nicole White discuss how much the National Association of Realtors (NAR) paid its executives and independent contractors in 2022, NARโs Hulu series, and the request by law firms for the Sitzer/Burnett plaintiffs for $82M in attorney fees from the settlement payout.
๐๐๐๐จ๐ฆ๐ ๐ ๐ฆ๐๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ฑ: https://bamx.uscreen.io/pages/subscribe
Use discount code REALWORD for 10% off your annual subscription!
๐๐๐ฆ๐ข๐ง๐๐๐ซ๐๐๐๐ข๐: 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. Thatโs what we do for you โ 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/how-much-is-nar-paying-its-executives-and-independent-contractors-a-breakdown-of-compensation-from-2011-2021/
https://nowbam.com/firms-representing-sitzer-burnett-plaintiffs-request-82-million-from-settlement-payout-for-attorney-fees/
Timestamps:
00:00โ02:05 Intro
02:05 Racket #1โNicoleโs take on NARโs Hulu series
04:59 Whatโs the impact/viewership of this show?
07:56 โMaybe this should have been trainingโnot entertainmentโฆโ
10:07 Racket #2โHow much NAR is paying executives and independent contractors?
14:19 Hawas Marketing Group (spending on ineffective marketing vs lobbying efforts)
18:58 Racket #3โLaw firms for Sitzer/Burnett plaintiffs request $82M from settlement payout
โโโ
BAM PARTNERS
๐๐จ๐ฌ๐๐ข๐ค 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 โbam200โ for $200 off the one-time implementation fee โ https://www.mosaik.io/
๐๐ฎ๐ฅ๐๐๐ง๐: The most accurate, powerful, and effective real estate seller lead generation resource to build your business. GET STARTED TODAY โ https://www.vulcan7.com/bam/
๐๐ข๐ซ๐ญ๐ฎ๐๐๐ฌ๐ค: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee โ https://myvirtudesk.com/contact?promocode=BAM200
๐๐ซ๐จ๐ฉ๐๐ญ๐ซ๐๐๐ฆ: The most trusted provider of comprehensive real estate data nationwide. Try it FREE โ https://signup.propstream.com/name
๐๐ข๐ฌ๐ฎ: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% โ https://sisu.grsm.io/bam-pod-partners
โโโ
#nationalassociationofrealtors #marketingbudget #sitzerburnett
Customer Reviews
Quick and Informative
Iโm a Realtor in Raleigh and I enjoy listening to Byron and Nicole break down real estate current events. The show is well researched and thought out. I learn a lot from them and I usually get a laugh too! Love Byron and Nicole, definitely worth a 20 minute listen!
Great Pod For Agents
Iโm a realtor in Atlanta, GA & Iโm constantly looking for a new podcast that I can relate to. Iโve listened to many agent podcasts and this is by far one of the best that Iโve come across. Great show with personal opinions, and relatable topics!
Great opinions
Finally some people with real opinions in real estate