Paycheck Puzzle

How to break down and lock in your listing agreements

October 21, 2024

Splits and Caps Daily: Action for Agents

October 21, 2024

📈 Market Move:

Listing Leverage

Heads up, agents—NAR is making sure sellers understand their options when it comes to listing agreements and how your compensation works. They’ve released a new consumer guide that breaks down the four main types of listing agreements: exclusive agency, exclusive right to sell, limited service, and non-exclusive. They’re laying it all out for sellers, including the fact that agent compensation is fully negotiable.

NAR is also emphasizing that sellers don’t have to offer buyer agent compensation—it's up to them. So, be prepared to have more in-depth conversations with clients about how your compensation fits into their selling strategy. With more consumers getting educated on these options, now’s the time to position yourself as the go-to expert who can help sellers navigate these choices. Stay ahead of the game by making sure your clients understand how you bring value to the table!

🌟Quote of the Day:

"Great things never come from comfort zones." – Anonymous

đŸ“ŠđŸ€” Agent Poll Results

On 10/18, we asked: If you could predict one trend for the housing market in 2025, what would it be?

The results are in!

Rates will drop, and demand will surge!: 70%
Inventory will finally catch up with demand: 0%
Prices will stabilize and become more affordable: 30%

Start putting your systems in place to prepare for a busy year!

🎉 Fun Fact of the Day: 

Renting Air: In Tokyo, space is so tight that people have resorted to renting air rights above their homes. That’s right—no actual land, just the invisible space above it. Real estate in the clouds, anyone?

📚 Book Recommendation:

“Profit First” by Mike Michalowicz – Traditional accounting says, "Revenue – Expenses = Profit," but this book flips that. It’s about taking your profit first and running your business on what’s left. You’ll never look at your bank account the same way again.

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!

Time to close it out! Keep grinding, stay focused, and remember—the next big win is just one deal away. Let’s make waves!

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