Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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420: Realtors Make Legal Settlement: Changes Made to What YOU Pay!
MP3•Episode home
Manage episode 409813092 series 2516746
Content provided by Buck Joffrey. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Buck Joffrey or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The cost of real estate transactions affects everyone regardless of whether you invest in real estate or not. Why? Because the cost of the transaction will ultimately be included in the price of the real estate. One of the biggest costs in a real estate transaction is the commission paid by the seller. In the last several years, the way that commissions have worked at the residential level is that the seller’s broker collects the commissions and shares them with the buyer’s broker. However, that paradigm is about to change as part of a massive settlement between home sellers and the National Association of Realtors (NAR). The issue at hand: sellers don’t think they should be paying for brokers who are not working for them. The courts have agreed and in order to avoid massive ongoing litigation the NAR has decided to change the way it does business. These changes will affect real estate investors and homeowners alike. Tune in to this week’s Wealth Formula Podcast to get all of the juicy details on how! Show Notes: 04:17 The Conspiracy 07:14 The Lawsuits 10:49 The Changes 19:31 The Implications on Real Estate Prices 23:35 The Result? 24:36 The Opportunities 29:16 Will there be less realtors?
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468 episodes
MP3•Episode home
Manage episode 409813092 series 2516746
Content provided by Buck Joffrey. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Buck Joffrey or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
The cost of real estate transactions affects everyone regardless of whether you invest in real estate or not. Why? Because the cost of the transaction will ultimately be included in the price of the real estate. One of the biggest costs in a real estate transaction is the commission paid by the seller. In the last several years, the way that commissions have worked at the residential level is that the seller’s broker collects the commissions and shares them with the buyer’s broker. However, that paradigm is about to change as part of a massive settlement between home sellers and the National Association of Realtors (NAR). The issue at hand: sellers don’t think they should be paying for brokers who are not working for them. The courts have agreed and in order to avoid massive ongoing litigation the NAR has decided to change the way it does business. These changes will affect real estate investors and homeowners alike. Tune in to this week’s Wealth Formula Podcast to get all of the juicy details on how! Show Notes: 04:17 The Conspiracy 07:14 The Lawsuits 10:49 The Changes 19:31 The Implications on Real Estate Prices 23:35 The Result? 24:36 The Opportunities 29:16 Will there be less realtors?
…
continue reading
468 episodes
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