Compass Settles Commission Lawsuit For $57.5 Million | Knowledge Brokers Podcast 062
Byron Lazine, Tom Toole, and Lisa Chinatti discuss the reaction to this weekโs Knowledge Brokerโs panel on the NAR settlement, the opportunities for agents choosing to specialize in buyer representation, Jerome Powellโs comments after the March FOMC meeting, advice for agents moving forward, and todayโs breaking news on the Compass settlement. Watch the Knowledge Brokers Panel on the NAR settlement: https://www.youtube.com/watch?v=-Qdxi6JJOuM ๐๐๐๐จ๐ฆ๐ ๐ ๐ฆ๐๐ฆ๐๐๐ซ ๐จ๐ ๐๐๐๐ฑ: 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/ 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/ 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: 00:00โ00:46 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 livestreamโespecially re: buyer agents 04:45 The opportunity for agents choosing to specialize in buyer rep 13:21 โWeโve got to approach the buy side like the sell side.โ 14:36 A new process Byron and his team have adopted 20:21 โI think this is going to eliminate those who are window-shopping for fun.โ 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 (โThey were unwilling to even entertain bankruptcyโฆโ) 34:16 Jerome Powellโs 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 โโโ 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/ โโโ 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/ โโโ BAM PARTNERS 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/ 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
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