Legal Landmines

The buyer-agent rule that might cause more confusion than clarity

November 25, 2024

Splits and Caps Daily: Action for Agents

November 25, 2024

📈 Market Move:

Settlement Snags

The DOJ just dropped a hot take on the big NAR commission settlement. While they're not picking sides on whether it gets approved, they’ve made one thing clear: this deal doesn’t grant anyone an antitrust get-out-of-jail-free card.

The agency flagged an eyebrow-raiser in the buyer-agent agreement rules—requiring written agreements before home tours. The DOJ’s concern? It might cramp competition and hurt buyers instead of helping. Translation: Agents could be stepping on antitrust landmines.

If the deal stands, agents might need to rethink their approach to client agreements. But here’s the kicker: if that rule gets axed, it could leave agents even more confused about when to put things in writing. Either way, this isn’t just a legal drama—it’s a potential shake-up in how business gets done. Stay tuned.

🌟Quote of the Day:

"Do what you love, and success will follow. Passion is the fuel behind a successful career." — Meg Whitman

📊🤔 Agent Poll Results

On 11/22, we asked: What’s the real villain of the housing market right now?

The results are in!

  • Mortgage rates that refuse to chill 🥶📈: 33.3%

  • Home prices stuck in the clouds ☁️💸: 33.3%

  • Inventory that’s playing hard to get 🎯🏡: 0%

  • Other (What’s your villain?): 33.3%

Top Comment for “Other”:

"Rising Insurance Costs”

Thanks for your thoughts! Stay vigilant, my friends!

🎉 Fun Fact of the Day: 

Estonia = Free Wi-Fi for Life: In Estonia, the government provides public Wi-Fi everywhere. Think about it—if you buy a place there, it’s like free Wi-Fi is baked into the deal. Not a bad perk.

📚 Book Recommendation:

"Drive: The Surprising Truth About What Motivates Us" by Daniel H. Pink - Ever feel like motivation is this weird, slippery thing? Like, one minute you're crushing it, and the next, you're wondering why you even started? Drive by Daniel Pink breaks down the science of what really gets us moving—and spoiler: it's not just cash and prizes. Pink dives into why autonomy, mastery, and purpose are the real MVPs of motivation. Whether you're leading a team or just trying to outsmart your own procrastination, this book will hit you with some serious "aha" moments. Read it, and you'll never think about incentives the same way again.

Drive: The Surprising Truth About What Motivates Us

Want to level up even more? Hit the Agent Bookshelf for top reads, Agent Articles for real estate gold, and Agent Resources for the tools to boost your biz—go get it!

That’s a wrap! Stay driven, stay ambitious, and remember—every step you take today sets the stage for tomorrow’s success. Let’s get after it!

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