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Episode 41 - NAR Buyers Comp from the field! What's REALLY happening!
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- **Host**: Bob Mangold, the Listing Coach
- **Podcast Title**: *If You List, You Last*
- **Episode**: 41
### Episode Highlights
- **Industry Resilience**: Discusses the recent disruption in buyer's agent compensation and the resilience of the real estate industry.
- **Open House Observations**: Bob visited eight open houses to gather feedback from agents directly interacting with consumers.
- **Market Insights**: Analysis of current mortgage markets, jobless claims, and predictions on interest rate movements.
### Key Takeaways
- **Feedback from the Field**:
- Agents' experiences with buyer apprehensions due to misinformation from media.
- Varied levels of preparedness among agents to handle new industry changes.
- **Training and Education**:
- Importance of educating buyers on new compensation structures.
- The necessity for agents to develop a strong value proposition.
- Encouragement for agents to attend training classes to better navigate the changes.
### Actionable Advice
- **Engage with the Market**: Start conversations with clients about the current market and upcoming changes.
- **Prepare for Change**: Develop and practice a buyer’s presentation to confidently explain industry changes.
- **Stay Informed and Educated**: Attend training sessions, join Facebook groups like Real Estate Asset Advisor, and stay updated with reliable sources.
### Conclusion
- **Industry Outlook**: Despite challenges, opportunities remain for those who adapt and focus on building a strong listing business.
- **Next Steps**: Focus on listing strategies and ensure you're prepared to navigate the current real estate landscape.
### Call to Action
- **Join the Conversation**: Participate in the Real Estate Asset Advisor Facebook group for discussions, training links, and more insights.
- **Prepare for the Future**: Keep honing your skills and strategies to succeed in a rapidly changing industry.
- **Reminder**: "If You List, You Last."
Join our Facebook Group at: https://www.facebook.com/groups/realestateassetadvisors
Visit our website to watch replays of our Wednesday "Elevate Business Briefings" at: www.RealEstateAssetAdvisors.org
Download a copy of my book, "If you list, you last!" at www.IfYouListYouLast.com
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