Knowledge Brokers Podcast BAM Media

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the BAM Breaking live interview on Wednesday (7/24) with eXp CEO Leo Pareja, eXp commission sharing policy, buyer agreement forms, a letter from the Colorado Regulatory Agencies on agents misrepresenting the buyer representation form, the potential outcome of a Fed rate cut in September, and what the next election could mean for the DOJ and, by extension, the NAR settlement.





Watch the BAM Breaking interview with eXp CEO Leo Pareja on Wednesday, July 24, 2024 (at 12:15 pm ET: https://www.youtube.com/live/P5Beb6YNjeM





Watch this week’s episode of The Real Word (Ep 327): https://www.youtube.com/watch?v=WEeELtZLShg





𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS 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/





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/can-buyer-agreements-be-required-for-consumers-colorado-officials-say-no/



Timestamps:



00:00–01:29 Intro


01:29 Topic: Byron’s Interview with eXp CEO Leo Pareja on BAM YouTube


18:16 This current DOJ may be out on the street come January




22:46 Form update in Pennsylvania



29:44 Topic: Colorado letter from Department of Regulatory Agencies re: buyer agreements



41:36 Topic: KCM chart/election effect on housing


42:28 KCM Chart: Existing Home Prices


43:08 KCM Chart: Home Sales


44:25 “If we get that September rate cut…I could see new listings pop.”








———




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/


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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://trial.propstreampro.com/bam/


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: S

Byron Lazine and Lisa Chinatti discuss the Consumer Finance Agency’s (CFA) criteria for evaluating homebuyer contract forms, California MLS general counsel Ed Zorn’s strong opinions on real estate forms and commission sharing, surprising news on where agent count is headed, and shared concerns about new agent expectations.

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS 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/

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/consumer-watchdog-cfa-releases-criteria-for-evaluating-home-buyer-contract-forms/
https://www.inman.com/2024/07/18/ed-zorn-to-the-real-estate-industry-get-rid-of-commission-sharing-now/
https://www.housingwire.com/articles/relitixs-agent-movement-index-reveals-key-trends-in-real-estate-agent-dynamics-through-june-2024/

Timestamps:

00:00–02:36 Intro
03:44 Today’s global technology outage and the growing dependence on AI/tech
05:32 “We all need more backup plans…” (the value of having old school backup solutions)
10:04 Topic #1: CFA criteria for evaluating home buyer contract forms
11:58 Plain language: “I’ve got a question for you on that particular part…”
14:55 It’s not the job of a real estate agent to understand legal jargon…
18:52 The eXp agent toolkit and the cancellation policy in their buyer agreement
21:05 "The agent should continually be earning the business."
24:19 Tom Ferry & the value of a weekly phone call
43:17 Topic 3: The Agent Movement Index (Relitix): agent count is climbing
45:04 “Why do you think it’s going up?”
51:49 Glamorization of real estate on HGTV, etc.

———
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/
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𝐕𝐢𝐫𝐭𝐮𝐝𝐞𝐬𝐤: Hire a Virtual Assistant Today! Use code BAM200 for $250 OFF the signup fee → https://myvirtudesk.com/contact?promocode=BAM200
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𝐒𝐢𝐬𝐮: Increases real estate team & brokerage annual volume by 107% and agent annual volume by 28% → https://sisu.grsm.io/bam-pod-partners

Byron Lazine, Tom Toole, and special guest Jill Biggs discuss the Realtor.com vs Homes.com drama, the 0.1% drop in CPI, and Fed Chair Jerome Powell’s testimony in this week’s congressional hearings.





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


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





See you next Wednesday (July 17) at BAM BBQ—our free virtual real estate event of the summer: https://brokeagentmedia.lpages.co/bam-b-b-q/





Join us at BAM Mania! The Must-Attend Real Estate Event Of The Year: https://brokeagentmedia.lpages.co/bam-mania-2024/





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.cbsnews.com/news/cbs-news-poll-analysis-americans-rate-economy-partisan-lens/


https://nowbam.com/housing-costs-and-inflation-key-takeaways-from-powells-testimony/


https://nowbam.com/housing-challenges-take-center-stage-during-powells-testimony-at-senate-banking-hearing/


https://nowbam.com/realtor-com-parent-company-move-accuses-costar-of-stealing-trade-secrets-in-lawsuit/


https://nowbam.com/move-inc-wins-challenge-against-costar-over-homes-com-traffic-claims/





Timestamps:

00:00–03:27 Intro


05:04 Topic 1: Realtor.com & Homes.com drama


11:28 “Their delivery is not consistent, and the numbers don’t make sense.”


18:59 Topic 2: CPI declined 1/10 of percent


42:28 Topic #3: Powell’s comments in testimony





———




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/




Connect with (special guest) Jill Biggs:

https://www.instagram.com/jillkbiggs/





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/


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𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://trial.propstreampro.com/bam/


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 au

Byron Lazine, Tom Toole, and Lisa Chinatti discuss a new low for pending home sales, the proposed sale of REcolorado to a private equity firm, what President Biden and Donald Trump said (or didn’t say) about housing, a new DOJ filing that could give REX a second chance, and what agents should be focusing on right now to make the best of every conversation with consumers.





Watch the BAM interview of Stacy Sutter, president and owner of Summit VA Solutions: https://www.youtube.com/watch?v=1mKNGHiIAIY&t=3304s





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


Use discount code KNOWLEDGEBROKERS 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/





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/what-biden-and-trump-said-or-didnt-say-about-housing-affordability-in-the-2024-presidential-debate/


https://www.housingwire.com/articles/pending-home-sales-plummet-to-all-time-low-in-may-nar/


https://www.inman.com/2024/06/25/proposed-sale-of-recolorado-to-private-equity-firm-raises-alarms/


https://nowbam.com/doj-filing-could-give-rex-second-chance-in-zillow-dispute/





Timestamps:



00:00–00:49 Intro


00:49 Presidential debate: two mentions of housing & Pres Biden’s answer (nowbam article)


08:43 Pending sales hit new low


21:30 “Here’s a mistake agents make all the time…”


25:11 MLS buyout by private equity in colorado (REcolorado)


29:37 DOJ made another statement: REX vs Zillow





———




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


𝐏𝐫𝐨𝐩𝐒𝐭𝐫𝐞𝐚𝐦: The most trusted provider of comprehensive real estate data nationwide. Try it FREE → https://trial.propstreampro.com/bam/


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 dri

Byron Lazine, Tom Toole, and Lisa Chinatti discuss the impact of recent DOJ actions on various industries, particularly real estate, and its implications for commission transparency and business growth. They also talk about potential changes in DOJ policies following this year’s election, along with phase two of Realtor.com’s buyer agency campaign and Zillow’s and Moody’s revised home price predictions.

Watch the KBP episode (ep 69) with Realtor.com CEO Damian Eales: https://www.youtube.com/watch?v=OACmX0EKwAk&t=1823s

𝐁𝐞𝐜𝐨𝐦𝐞 𝐚 𝐦𝐞𝐦𝐛𝐞𝐫 𝐨𝐟 𝐁𝐀𝐌𝐱: https://bamx.uscreen.io/pages/subscribe
Use discount code KNOWLEDGEBROKERS 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/

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/

Take the Agent Sentiment Survey: https://wss.pollfish.com/link/021c134e-48a6-4b2c-a4be-ffa880584649

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

Resources:
https://nowbam.com/doj-responds-to-nar-petition-rehearing-is-not-warranted/
https://nowbam.com/realtor-com-extends-its-buyer-agency-campaign-to-address-homeownership-gap/
https://www.realtor.com/buyeragenttoolkit
https://nowbam.com/may-home-prices-see-smallest-monthly-increase-in-nearly-18-months/

Timestamps:

00:00–00:56 Intro
00:56 Topic #1: DOJ response to NAR: “A re-hearing is not warranted”
01:44 “It isn’t just real estate being attacked” and implications for transparency, etc.
07:39 “I’m predicting that it stalls out…”
08:45 Brokers who have not opted into the NAR settlement
13:22 MLSs that are deciding not to opt in
15:35 Transparency on the MLS and in transaction documents
27:05 Topic #2: Phase two of Realtor.com’s buyer agency campaign and agent toolkit
35:25 Topic #3: Zillow’s and Moody’s revised national home price forecasts
37:31 “Based on the last 12 months…I would place my bet on Zillow’s forecast.”

———
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 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://trial.propstreampro.com/bam/
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,

Byron Lazine and Tom Toole discuss the latest FOMC meeting and Fed Chair Jerome Powell's comments, MLS PIN's message to the DOJ, a Jimmy Mackin Tweet, rising inventory and its impact on buyers and sellers, the people who should be worried, aspirational pricing, the latest CPI data, and what agents should expect from today's complicated market.





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


Use discount code KNOWLEDGEBROKERS 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/





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.facebook.com/share/p/r6cSL5cxpsfnPNxs/ (Jimmy Mackin message at the end)


https://www.inman.com/2024/06/12/proposed-doj-ban-on-commission-offers-against-the-law-mls-says/


https://www.realestatenews.com/2024/06/10/mls-pin-to-doj-stay-out-of-our-settlement





Timestamps:



00:00–00:52 Intro


08:10 Four main arguments being made by MLS PIN – Rob Hahn (Notorious R.O.B.)


15:14 Jimmy Mackin tweet


17:45 Byron clarifies his “Part-time agents are full-time assholes” Tweet


27:34 Topic change: Fed meeting & CPI data


36:26 What do you think is the harder market: now or back then…?





———




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://trial.propstreampro.com/bam/


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


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