Copycat Lawsuits Shake Up The Real Estate Industry | Knowledge Brokers Podcast 046

Tom Toole and Lisa Chinatti discuss copycat commission lawsuits, a terrible WSJ headline, an interview with Michael Ketchmark and Josh Flagg, a role-playing script on interest rates, and the 2023 Turkeys of the Year.

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Resources:

https://nowbam.com/industry-lawsuit-watch-tracking-real-estates-biggest-legal-battles/

Timestamps:

00:00–00:55 Intro

00:55 Copycat lawsuits, Ketchmark comments, and what agents should be doing right now

02:08 Lawsuit filed against Texas Realtor associations and 20+ brokerages and teams

03:22 The #1 Not-to-do thing (for agents)

09:46 “The Wall Street Journal had a terrible headline…”

13:00 What’s going to happen to the industry afterwards (i.e. what this is all about)

14:54 Timeline for future filings in response to the Sitzer/Burnett verdict

18:00 Michael Ketchmark interview (Josh Flagg) and Tom’s take on Ketchmark’s comments

21:33 Lisa’s take: the agent who should have gone up against Ketchmark, etc.

30:47 A quote from Lisa C in a HousingWire article re: copycat lawsuits

34:01 Stereotypes vs reality — and what knowledge brokers focus on

38:23 Turkeys of the year (plural)

42:53 Role-playing script about interest rates (biggest rate drop in 12 months)

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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/

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#buyeragency #nationalassociationofrealtors #wallstreetjournal