Dishin' Dirt with Gary Pickren Gary Pickren

As if almost on cue, another real estate agent commission lawsuit dropped last week. This time it was filed against 50 to 60 mainly local South Carolina agencies.   Notably missing this time were the large brokerage that settled their lawsuits with the Sitzer/Burnette plaintiffs.  What does this mean for the market?

Also, there is bi-partisan opposition to a bizarre title insurance proposal where Fannie Mae would assume the title risk in place of title insurance companies. It is truly preposterous.   Learn if it would affect your closings.

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area. 

A staggering 91 percent of consumers still believe that a real estate agent is essential to navigating through a real estate closing. This is the only evidence that you need to understand how to craft and deliver your value-add proposition. It also means this is why perfecting your value-add should mean business as usual for you despite the NAR settlement.  Today we discuss what you need to know in order to effectively craft your buyer presentation as well as how to discuss the settlement with your consumers.   

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area. 

In this episode I am going to take a step back from Sitzer/Burnette and discuss the scary topic of real estate frauds involving taking your social media posts and creating deep voice and image fakes using a spoof card. These fakes are so real your mother would think it is really you talking and interacting. 

Tom CronKright with Certified is with me again to discuss these frauds as well as seller impersonation and many other fraud attempts that we now have to be knowledgeable about. 

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area. 

A lot of you have asked how you should discuss the NAR settlement with your Seller. 

Today I discuss some of the main points you want to emphasize to your seller about how the settlement did not change the law nor did it prohibit a seller from paying a buyer commission. 

I also discuss what the law suit was really about and what it was intended to change. Spoiler alert, I think it accomplished that intent. Of course, it will come with a lot of collateral damage.
 
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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area. 

It all is doom and gloom since the NAR settlement. But is there another side that is possibly a positive for agents?  

No one really knows how this will play out. Not even the so-called experts.  However, are we to believe that NAR has not already thought out what happens next.  I can't believe that one of the nation's largest trade organization has not thought this through before agreeing to paying $418 million.

Today, Kevin Fields joins me what a positive view of how the settlement may play out.  See what he thinks could actually be seen as a strong change for good agents. 

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Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area. 

As you probably know by now the National Association of REALTORs settled the Sitzer/Burnette Case last week for $418 million dollars.  But the bigger cost may be the concessions that NAR made in order to settle including a new rule prohibiting the agent from listing a co-op fee on the MLS.   

Today I discuss the settlement as well as the ramifications.  Spoiler alert. It isn't pretty.

Don't forget to like us and share us!
Gary

* Gary serves on the South Carolina Real Estate Commission as a Commissioner. The opinions expressed herein are his opinions and are not necessarily the opinions of the SC Real Estate Commission. This podcast is not to be considered legal advice. Please consult an attorney in your area.