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Ep. 109 - The Sky is Falling! NAR Settlement Eliminates Real Estate Commissions

Real Estate Finder

Release Date: 04/02/2024

Ep. 136 - The Walk Through Before Closing show art Ep. 136 - The Walk Through Before Closing

Real Estate Finder

Recently at the walk through before a closing for one of Jill Glanzer’s Buyers, we discovered that the Seller failed to deliver the property in the condition that was agreed to in the contract and inspection addendum. The contract was supposed to include all television sets, and according the the inspection report the Seller was supposed to replace all of the light bulbs that where out.  Usually not a big deal, but when the ceiling is 20 feet tall, changing a lightbulb is not as simple as changing a lightbulb. Join us as we discuss the walk through before closing,  What is the walk...

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Ep. 135 - Today’s Real Estate Market with Frank McKinney, Real Estate Rockstar show art Ep. 135 - Today’s Real Estate Market with Frank McKinney, Real Estate Rockstar

Real Estate Finder

Welcome back to another exciting episode of Real Estate Finder Podcast.  Today, we have an absolutely incredible guest—someone who has made a name for himself not just in luxury real estate but as a true visionary, entrepreneur, and philanthropist. If you’ve ever dreamed of Making It Big in this business, our guest today is living proof that with boldness, creativity, and a fearless mindset, the sky is truly the limit.   Frank McKinney is not your typical real estate developer—he’s a real estate artist, a bestselling author, a keynote speaker, and philanthropist.  Over...

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Ep. 134 - Cover Your Ass With a Seller’s Disclosure show art Ep. 134 - Cover Your Ass With a Seller’s Disclosure

Real Estate Finder

While not required by law, a Seller’s Disclosure is a good way for a Seller (and a Seller’s agent) to cover their ass.    Buyer’s agents should always ask for one in any offer they draft on behalf of their Buyers.    Listing agents should ask their Sellers to fill one out after they sign the listing agreement, while they are waiting for photos and preparing the listing for the MLS.    It does not matter if the seller ever lived in the property.    Want to know more?  Send us an email or ask to join us on The Real Estate Finder...

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Ep. 133 - Stop Ghosting People and Always Be Following Up show art Ep. 133 - Stop Ghosting People and Always Be Following Up

Real Estate Finder

The biggest complaint that I hear about real estate agents from their customers is that the real estate agent has not been in touch with the customer for an extended period of time.    It is very important to follow up with your sellers, buyers and leads.  Do not let too much time pass without contacting them.     If you show one of your listings, understand that the seller got the house ready, and vacated to accommodate you.  You MUST let the seller know if you are finished and if there is any feedback. You must follow up with the showing agent and see if they...

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Ep. 132 - Selling South Florida show art Ep. 132 - Selling South Florida

Real Estate Finder

There are a lot of reality shows dealing with real estate and a new one dropped over New Year’s called Selling the City.    Matthew and Staci are joined by Preston Smith this week and discuss our guilty pleasure of watching real estate TV like Sellling Sunset, Million Dollar Listing, Selling Tampa and the like.    Should we make our own show? Selling South Florida?   We can feature Staci’s new listing in Palm Beach Gardens, film a listing appointment at Matt’s new lead in Collonade and show Preston’s new Hollywood listing.    Would you watch? ...

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Ep. 131 - Should I Stay or Should I Close? show art Ep. 131 - Should I Stay or Should I Close?

Real Estate Finder

This week we are joined by Preston Smith, who tells us about the successful closing of a condo that he listed in Miami, Florida.    It almost didn’t close.  Find out what happened and how we got the deal done.      Great job Preston!!!   Want to know more?  Send us an email or ask to join us on The Real Estate Finder Podcast!     Check out our other Podcasts:  Shop podcast T-shirts:    Check out some of the best vendors and service providers in Florida: Subscribe to our newsletter or see past issues at: Brought...

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Ep. 130 - Offers of Compensation Can Be Advertised Anywhere EXCEPT the MLS show art Ep. 130 - Offers of Compensation Can Be Advertised Anywhere EXCEPT the MLS

Real Estate Finder

According to the new rules that went into effect August 17, 2024 you may not display any form of compensation in the Multiple Listing Service. This includes a Bonus.     You may however advertise it ANYWHERE ELSE. Sky writing. A billboard. A tattoo that says Bonus!   It’s an easy rule. Just ask yourself: is this the MLS? If it’s Facebook, or a television ad, the answer is clearly No.    Similarly, according to the new rules a real estate agent may not show a house to a customer without a written agreement that specifies how much the real estate agent will be...

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Ep. 129 - Fortunate After 50 with David Dweck show art Ep. 129 - Fortunate After 50 with David Dweck

Real Estate Finder

Today on the Real Estate Finder podcast, we are joined by my good friend David Dweck author of Amazon best seller Fortunate After 50.    David is the president and founder of the Boca Real Estate Investment Club and I am proud to call him a friend and mentor.     Please join us as we talk to David about real estate investing and we welcome you to join us at our monthly real estate investment club meetings.      Want to know more?  Send us an email or ask to join us on The Real Estate Finder Podcast!   Check out our other Podcasts:  Shop...

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Ep. 128 - As Is with the Right to Re-Inspect with Preston Smith show art Ep. 128 - As Is with the Right to Re-Inspect with Preston Smith

Real Estate Finder

When a Buyer and Seller enter into the Florida As-Is Contract many times they have a different view of that As-Is means.  Buyer’s often believe they can ask for credits and/or repairs during the inspection period.  Seller’s often believe they are selling the house As-Is and they do not have to make any repairs.   Often when a Seller negotiates they will agree to a price but want to let the Buyer know they will not negotiate anything during the inspection period.  Sometimes this is a declaration from the Seller, and it is not an agreed upon term...

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Ep. 127 - Purchasing During Holiday Times show art Ep. 127 - Purchasing During Holiday Times

Real Estate Finder

It’s a hectic time of year with the holidays around the corner, tons of uncertainty in the media, and an election year. So how do you get buyers and buyer’s agents  to your listings?    On today’s episode of The Real Estate Finder podcast, Staci asks Matthew how to get buyers to her listing. Aside from the usual marketing, is there a secret sauce to get the attention of agents?    Join us for Matthew’s answer and if you’re in the market for a completely 3 bedroom 3 full bathroom single family home in Palm Beach Gardens, contact Staci Garcia...

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More Episodes
No, the sky is not falling.  On March 15, 2024 the National Association of Realtors (“NAR") settled a $5 Billion Buyer Broker Commission lawsuits brought by class action attorneys for $418 Million Dollars.
 
In this Episode we break it down. First we discuss how commissions work currently and who pays the commission.
 
Then we discuss the new rules.  First that Buyer’s will negotiate commissions directly with their agents.  Agents can not claim there is no cost to Buyers, unless they truly will not charge them.  Seller’s can still pay the Buyer’s Agent.  Buyer’s Agents will be required to sign agreements with Buyers setting forth what they will charge.  It will need to be an amount can not be open ended (like whatever the seller offers).  And the Multiple Listing Service can no longer display an offer of compensation to the Buyer’s Agent.
 
We talk about how these rules will work in the future, both in the short and long term.
 
And clarify that this lawsuit and settlement does not change anything about renters, the lawsuit had nothing to do with renters, but some or most of these practices will be put in place for tenants regardless.
 
Why did the NAR agree to this Settlement?  Did they “sell us out” or did they have a VERY good reason?  Tune in and find out!!!!
 
 
 
 
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Brought to you by:
 
Matthew H. Maschler, Esq.
Real Estate Broker
(561) 208-3334
8177 Glades Rd #6, Boca Raton, FL
Boca Raton, FL 33434
 
 
Member of the Palm Beach Board of REALTORS®, the Miami Association of REALTORS®, the Naples Areas Board of REALTORS®, Orlando Regional REALTOR® Association and R-World Broward, Palm Beaches, and St Lucie REALTORS®.
 
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