Knowledge Brokers Podcast BAM Media

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the variability in housing inventory growth, Fannie Mae’s updated projections, Byron’s Tweet tagging Adam Schefter, takeaways from the T3 Summit event, and Byron’s unfiltered interview with NAR president Kevin Sears.

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.

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/

Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1

Resources:
https://www.resiclubanalytics.com/p/jbrec-northeast-housing-market-hot-floridas-housing-market-softening
https://nowbam.com/nar-president-kevin-sears-takes-on-unfiltered-bam-interview/

Timestamps:

00:00–00:32 Intro
00:32 Healthy inventory growth—varying from state to state
02:07 “Connecticut is the anomaly…”
04:45 Data from Bright MLS (“It’s a little less competitive right now.”)
05:28 Chart from Lance Lambert: “Home buyers still outnumber home sellers…” (ResiClub)

———
Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/
Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/

Join the 5AM Call: https://5amcall.com/

———
BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.

Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka.
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———
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#housinginventory #t360 #nationalassociationofrealtors

Byron Lazine, Lisa Chinatti, and Tom Toole discuss the impact of proposed real estate commission changes, critique a Realtor.com article for consumer confusion, and delve into industry leadership. They explore how these changes could affect Realtor.com's business model and market dynamics.

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.

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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/

Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1

Resources:
https://mediaroom.realtor.com/2024-04-18-Realtor-com-R-Calls-on-Industry-to-Join-Campaign-to-Stand-up-for-Buyer-Representation
https://www.wsj.com/articles/what-home-buyers-get-for-those-agent-commissions-86ed34ab

Timestamps:

00:00 - 02:16 Intro
02:17 Realtor.com. Article Analysis
21:13 Commentary on Industry Leadership
34:13 Challenges in Scaling Business Models
45:05 Economic Commentary and Predictions

———
Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/
Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/

Join the 5AM Call: https://5amcall.com/

———
BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.

Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka.
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate
Check out BAM: https://nowbam.com/
———
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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/
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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
———

#realtordotcom #commissions #buyeragent

Byron Lazine, Lisa Chinatti, and Tom Toole discuss the latest CPI data, the stock market’s reaction, mortgage rates, mortgage applications, the one-year change in active inventory across the U.S., the impact of property tax increases,

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.

BAM Camp D.C. → https://brokeagentmedia.lpages.co/bam-camp-dc/

BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/

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/

Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1

Resources:
https://www.resiclubanalytics.com/p/housing-inventory-rising-across-vast-majority-countryjust-take-look-map

Timestamps:

00:00–00:55 Intro
00:55 CPI data and the market’s reaction (slumping stocks & a spike in mortgage rates)
04:28 Low affordability is reflecting poorly on the folks currently in Washington
07:42 One-year change in active inventory (ResiClub chart)
10:59 The impact of property tax increases
15:09 “Economically, this is a catastrophe…”
16:52 “Tom is in the middle of a tech catastrophe…”

———
Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/
Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/

Join the 5AM Call: https://5amcall.com/

———
BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.

Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka.
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate
Check out BAM: https://nowbam.com/
———
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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/
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
———

#realestatepodcast #realestatenews #realestatetips

Byron Lazine and Lisa Chinatti discuss clips from the All In Podcast and Patrick Bet-David Podcast on the NAR settlement—including what it takes to be a trusted advisor, why specialization will be ramped up 100x, three bullet points for agent-client conversations, the "forced into 6%" narrative, and why the gap between the haves and have-nots is going to get wider.





𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe


Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.





BAM Camp D.C. → 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/





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/





Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1





Resources:


https://fortune.com/2024/04/03/homebuyers-real-estate-agent-broker-why-national-association-of-realtors-settlement-commissions/


https://nowbam.com/85-of-all-sellers-report-a-high-level-of-service-from-their-agent/





Timestamps:


00:00–01:27 Intro


01:27 Two clips from other podcasts discussing the NAR settlement


08:11 Takeaways & reactions to the first clip


10:43 “If that’s what he thinks real estate agents do for him…” (Lisa)


11:50 “Consumers want a trusted advisor.”


13:40 “On the fixed pricing…”


17:23 “I think 12 months from today…” (inventory)


19:01 “There’s a reason contracts are blank.”


20:07 More from the All In Podcast: dual agency, negotiating a fee, buyer agents


25:52 Byron and Lisa break it down


27:30 The haves & have-nots: the gap is going to get wider.


28:03 Byron and Lisa comment on Friedberg’s perception of what agents do


32:57 Clip of the Patrick Bet-David Podcast


43:02 The “forced into 6%” narrative


46:24 Being a trusted advisor requires skill as a salesperson


48:28 Byron on the importance of working out commission & pricing ahead of time (and not being penny-wise and pound-foolish)


52:27 The opportunity for agents (big takeaway from the clips)





———




Connect with Byron Lazine:

https://www.instagram.com/byronlazine




Connect with Tom Toole:

https://www.instagram.com/tomtoole3rd/




Connect with Lisa Chinatti:

https://www.instagram.com/lisachinatti/





Join the 5AM Call: https://5amcall.com/





———




BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.





Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka




Subscribe to BAM Newsletter:

https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate




Check out BAM: https://nowbam.com/




———




BAM PARTNERS




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/




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




𝐏𝐫𝐨𝐩

Byron Lazine and Lisa Chinatti discuss FHA updates to their FAQ, NAR urging a revision to VA home loan policy, President Biden’s comments on the NAR settlement, NAR’s response, Keller Williams facing lawsuits tied to its profit-sharing program, the Compass settlement, the Moehrl trial, and an article from Notorious ROB on the NAR settlement.





𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe


Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.





BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/





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/





Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1





Resources:


https://nowbam.com/fha-updates-faqs-seller-paid-agent-commissions-are-not-considered-ipcs/


https://nowbam.com/what-about-veterans-nar-urges-va-home-loan-policy-revision/


https://nowbam.com/what-president-biden-said-about-the-nar-settlement/


https://www.housingwire.com/articles/keller-williams-faces-three-lawsuits-tied-to-its-profit-sharing-program/


https://www.housingwire.com/articles/moehrl-trial-not-likely-until-january-2025/#


https://nowbam.com/compass-settles-commission-lawsuits-for-57-5-million-joins-nar-keller-williams-anywhere-and-re-max/


https://notoriousrob.substack.com/p/second-take-nar-settlement-big-brokerages



———




Connect with Byron Lazine:

https://www.instagram.com/byronlazine




Connect with Tom Toole:

https://www.instagram.com/tomtoole3rd/




Connect with Lisa Chinatti:

https://www.instagram.com/lisachinatti/





Join the 5AM Call: https://5amcall.com/





———




BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.





Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka




Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate




Check out BAM: https://nowbam.com/




———




BAM PARTNERS




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/




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




———





#nationalassociationofrealtors #biden #settlement

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the reaction to this week’s Knowledge Broker’s panel on the NAR settlement, the opportunities for agents choosing to specialize in buyer representation, Jerome Powell’s comments after the March FOMC meeting, advice for agents moving forward, and today’s breaking news on the Compass settlement.

Watch the Knowledge Brokers Panel on the NAR settlement: https://www.youtube.com/watch?v=-Qdxi6JJOuM

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS for 10% off your annual subscription.

BAMfest: A FREE Virtual Festival for real estate agents: https://brokeagentmedia.lpages.co/bamfest/

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/

Subscribe to Knowledge Brokers Podcast today: https://www.youtube.com/@knowledgebrokerspodcast?sub_confirmation=1

Resources:
https://nowbam.com/compass-settles-commission-lawsuits-for-57-5-million-joins-nar-keller-williams-anywhere-and-re-max/
https://www.housingwire.com/articles/compass-settles-commission-lawsuits-for-57-5-million/
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001563190/000156319024000053/comp-20240321.htm
https://www.wsj.com/real-estate/real-estate-broker-compass-agrees-to-pay-57-5-million-to-settle-antitrust-claims-be5e1177?mod=hp_lead_pos5


Timestamps:

00:00–00:46 Intro
00:46 Reactions to the Knowledge Brokers Panel on the NAR settlement
01:45 This week, we cracked 200 on the Apple business category for top podcasts
03:54 Comments during the livestream—especially re: buyer agents
04:45 The opportunity for agents choosing to specialize in buyer rep
13:21 “We’ve got to approach the buy side like the sell side.”
14:36 A new process Byron and his team have adopted
20:21 “I think this is going to eliminate those who are window-shopping for fun.”
23:06 Shifting from an agent-centric model to a consumer-centric model
25:07 Non-exclusive rights to represent
27:56 Kevin Sears video (“They were unwilling to even entertain bankruptcy…”)
34:16 Jerome Powell’s statement & responses (Q&A) after the March FOMC meeting
39:57 How to move ahead if you want to stay in the business?
42:07 The three buckets
47:07 Breaking news: Compass settles for $57.5 million

———
Connect with Byron Lazine: https://www.instagram.com/byronlazine
Connect with Tom Toole: https://www.instagram.com/tomtoole3rd/
Connect with Lisa Chinatti: https://www.instagram.com/lisachinatti/


———
BAM delivers real estate news, education, and entertainment with nonstop original content from an unmatchable line-up of industry personalities and top producers.

Subscribe to BAM YouTube: https://tinyurl.com/aatxhaka.
Subscribe to BAM Newsletter: https://mailchi.mp/nowbam/the-best-newsletter-in-real-estate
Check out BAM: https://nowbam.com/
———
BAM PARTNERS
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/
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
𝐏𝐫𝐨𝐩𝐒𝐭