EP 66: Buyer's Commissions Going Away This Week? DFW MLS Review, Evidently a Hurricane hit at Tavis' Flip

Join us (Ashton Hines and Tavis Westbrook) as we cover various topics including DFW MLS statistics, flipping houses, construction projects, and market updates. The conversation covers various topics related to the real estate market, including the impact of the NAR settlement, the increase in housing supply, and the changes in buyer's agent compensation. We discuss the challenges and confusion surrounding the new rules and how it will affect agents and buyers. They also emphasize the importance of value and expertise in the real estate industry.

KeywordsMLS statistics, flipping houses, construction projects, market updates, real estate market, NAR settlement, housing supply, buyer's agent compensation, challenges, confusion, value, expertise

Takeaways

• DFW MLS statistics can vary depending on the source and filters used
• Flipping houses in Dallas requires collaboration and problem-solving
• Being involved in construction projects allows for better decision-making and problem-solving
• Market inventory is increasing, which may impact buying trends The NAR settlement and changes in buyer's agent compensation are expected to impact the real estate market.
• There has been an increase in housing supply, leading to a shift towards a buyer's market.
• Agents need to have difficult conversations with buyers and sellers regarding compensation and fees.
• Buyers and sellers should understand the value and expertise that agents bring to the transaction.
• Open houses may become more important in attracting buyers and showcasing value.

Titles

• Understanding Dallas kMLS Statistics and Variations
• The Challenges and Rewards of Flipping Houses Recognizing the Value and Expertise of Real Estate Agents
• Navigating Difficult Conversations about Compensation and Fees

Sound Bites

• "The guy, whoever does the thing after the huddle, he does, he showed some statistics and it's just so different. And it's on the same MLS."
• "Yeah, well, but in general, Aaron, really good dude. He's, you know, kind of a long-term relationship. I think he'll be in the game a while. He knows what he's doing. He's really easy to work with."
• "Yeah, yeah, yeah. So it's it's cool. We're we're cruising. I mean, right now it's it's very important at this stage, even even as good as our plans are, even as much as we did renderings."
• "The whole NAR settlement will impact things a little bit just from a speed of money thing."
• "We're at overall MLS, we're at 4.7 month supply, which is a huge jump."
• "The only way to know for sure if your sewers failed is hydrostatic test."

Chapters

00:00Understanding MLS Statistics and Variations

04:58The Challenges and Rewards of Flipping Houses

10:42Navigating Construction Projects and Decision-Making

17:28Market Update: Increasing Inventory and Its Impact

19:23The Impact of the NAR Settlement and Changes in Buyer's Agent Compensation

32:07Texas Ranking and Consumer Affairs Report

45:07The Value and Expertise of Real Estate Agents

49:19Conclusion and Looking Ahead