James Dwiggins and Greg Sher on the implications of the recent NAR settlement

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James Dwiggins and Greg Sher on the implications of the recent NAR settlement

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Күн бұрын

On this week's episode of Ten Minute Talks, HousingWire's Chief Operating Officer Diego Sanchez is joined by previous Ten Minute Talks guests, James Dwiggins and Greg Sher. They discuss their roles in the real estate industry, the implications of recent legal settlements and The Gathering.
Related to this episode:
- Connect with Diego Sanchez on LinkedIn: / diegoesanchez
- HousingWire: www.housingwir...
- The Gathering: events.realtre...
- Connect with James Dwiggins on LinkedIn: / jamesdwiggins
- Real Estate Unfiltered Podcast: ‪@RealEstateInsidersUnfiltered‬
- NextHome: www.nexthome.com/
- Connect with Greg Sher on LinkedIn: / greg-sher-4501aa53
- NFM Lending: nfmlending.com/
Enjoy the episode!
Each week, Ten Minute Talks showcases mortgage or real estate leader in the industry that is growing their business during this difficult housing market. Hosted by Diego Sanchez and produced by Dalton Johnson.
Chapters:
0:30 - Introductions
2:16 - Did NAR negotiate a good settlement?
5:17 - How NextHome is navigating the aftermath?
8:26 - Why it’s important for mortgage professionals to pay attention
11:40 - How could this affect first time homebuyers?
15:16 - Is it smart to encourage first-time homebuyers to finance the buyer’s agent’s commission?
20:26 - The average commission in 2020
23:49 - How will portal leads work?
26:27 - How can lenders be a partner moving forward?
28:28 - What misinformation have you seen surrounding this?

Пікірлер: 26

@BLowder15 4 ай бұрын

As much as I respect James, he speaks as if every agent knows what they are doing and saying, when in fact, to Greg's point, they are not. There is not a lot of transparency in this industry between agents and the consumer. Again, which is why we're in the mess we're in.

@rcwoodruff 4 ай бұрын

the ego in this conversation was a LOT to handle up front, and you have to stick with it to get past it, but they hit EVERY major issue, they hit it real, and they hit it hard. This was a great convo and I've sent it to a ton of people already, excellent speakers.

@BrianCardenas 4 ай бұрын

"I can still charge what I want unless we want to get rid of capitalism in America." Guess what? Congress already did that to mortgage lenders with Dodd-Frank. Realtors should appreciate the settlement that was negotiated by NAR. All the crying going on is very disappointing. I wish more agents would look at this from the consumer standpoint, not from the standpoint of their wallet. I love the perspective that James offered and it is very valuable.

@romimahajan-vu1ub 4 ай бұрын

Insightful for sure.

@claytoncollins5930 4 ай бұрын

Dude this is a GREAT one!

@JamieEngelRealtor 4 ай бұрын

This was a great conversation...thank you.

@northerncal98 4 ай бұрын

You guys crushed it in this episode. Even a non-real estate professional like myself came away educated. Thank you.

@nathanreeder6452 4 ай бұрын

Lol Greg Sher admits lenders rates are non negotiable but Realtors are conspiring not to lower rates. Real ground breaking guests Housingwire.

@technestpodast 4 ай бұрын

This was awesome. MORE interviews like this!

@barneybarn100 4 ай бұрын

The most valuable line of the whole interview was " are the inmates running the asylum", and guess what. The inmates ain't telling you what's coming.

@MichaelRichardson-gn4ug 4 ай бұрын

Question, how does a buyer get a pre-approval letter if they do not have the money in the bank to pay the buyers agent fee? Since they do not know the home they are going to buy? I suppose it would be a contingency in the pre-approval letter, but will lenders allow this, I am hearing a lot that will not?

@summitpeakcredit78 4 ай бұрын

And I am noticing on social media 5:38 lenders that want to be candid on this topic are worried about Agent reprisals, it seems the industry needs to have candid discussions to make it work for all, buyers, sellers, lenders and agents.

@marjiegirl 4 ай бұрын

It wouldn't be any different than buyers who need closing cost assistance to pay lenders fees now. Usually, the pre approval just notes that.

@getghost8384 4 ай бұрын

Dwiggins you are coming off horrible, super pretentious, and just a not cool stuffy realtor. Your narrative sounds comforting for the realty business. Which just points to the fact that the whole culture culture has to be over hauled.

@user-du7oc5px4h 4 ай бұрын

I appreciated James for his passion and transparency.

@applicablePistachios 4 ай бұрын

He was being demeaning towards Greg. Eye rolling, trying to leave a "final statement", and you just watched, not cool.

@six6foot 4 ай бұрын

Fannie, Freddie, FHA, VA will not allow finance commissions. Until that changes, dead arena. Not sure what the Realtor is saying about the financing.

@user-du7oc5px4h 4 ай бұрын

It might need to change post NAR settlement.

@shrek22 4 ай бұрын

These guys are a joke.

@claytoncollins5930 4 ай бұрын

How tall is James?!

@user-du7oc5px4h 4 ай бұрын

I think he's 6'7"!

@marjiegirl 4 ай бұрын

I do find it amazing when lenders who have had their fees financed into the loan for decades via consessions, which we as Realtors negotiate to make happen take issue with us doing that for ourselves a bit rich. However I do think a value add we can provide for our buyers is helping them shop lenders, I will say my experience is most lenders aren't all that willing to negotiate their fees or rate, maybe that needs to change.

@claytoncollins5930 4 ай бұрын

OMG this is gold!

@applicablePistachios 4 ай бұрын

I've listened to your podcast for awhile clayton. It's incredible that instead of calling out Dwiggins demeaning behavior, you shout this interview is Gold??? And whats up with diego just letting it all go down?

@claytoncollins5930 4 ай бұрын

@@applicablePistachios What do you mean? I enjoyed the interview. Who's Nate?

@applicablePistachios 4 ай бұрын

Dwiggins behavior towards Greg was super demeaning. The interview was super cringe. Sorry meant diego.