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Ricky Carruth is one of the leading coaches for real estate agents in the industry. With over 20 years of experience in sales as an agent himself, he was the top agent in his MLS for 8 years in a row and three-time #1 RE/MAX agent in Alabama. He has helped thousands of agents all over the world reach their goals and continues to be a light in the industry.
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They overstepped and don’t care about agents at all. Only one major brokerage just needs to have the balls to walk away and everyone else will follow.
Capitalism will prevail.
I am not a realtor. Agents know what to do. Brokers know how to market properties. An MLS is a great place to post. We have a great one not owned by nar in Atlanta. It’s broker owned and none of this settlement was directed at FMLS.
Movies, Restaurants, new home builders and almost every business type is allowed to let the public know about their product way before the product is ready to see, view or use the business. Allowing a seller to do a “Coming Soon” program truly benefits a seller because it allows a ramp up time to actually get the word out before a home might be ready to sell. Can you imagine how much less interest a movie would generate if it was only allowed to be advertised on the day of the first movie showing…?
I admire Mauricio very much. Thanks for this amazing interview Ricky! Saludos Mauricio 🙂
I believe that if you don’t have a real estate license you can do anything you want with a listing and can make any deal with the seller. It is different for licensed agents. If a Realtor has a listing and is not sharing it to the public is discriminating. It is that simple.
You clearly don’t understand how representation works. If a seller LISTS his home with a realtor, that realtor “shares” the listing with other agents in the business. If the seller wanted to sell FSBO to “share” his listing with everyone, he wouldn’t have hired a realtor.
This guy is wrong. Real estate agents have rules and regulations and when you get the license you suppose to stick to the fair housing rules.
Very simple.
Wish it was that easy, but greed has blinded people from following the rules.
What’s up with this video zooming in and out randomly it’s way off definitely distracting but a great conversation
the issues are simple, common sense, but the solutions are twisted into complexity
Our listing contract has the option of opting out of the MLS. Also some sellers don’t want for sale signs on their property.
Clear cooperation is in the best interest of the client/customer and without a full understanding of the differences between the two on any sellers behalf, is a breach of duty or unethical. Does any brokerage have an disclosure to be provided to the seller and signed by the seller stipulating what this could mean in regards to time on the market? Furthermore, an exclusive right to sell listing agreement and or single agency agreements are in place to protect the brokerage in the RARE circumstance a buyer doesn’t want the listing to be made public so hiding behind a misinterpreted “agreement not law” is a loose argument at best for eliminating clear cooperation especially when the vast majority of sellers would be completely taken advantage of otherwise.
All you have to do is to eliminate days on market. Can’t see days on the market then not sure when it was listed. No negative implantation.
Agreed, you could also eliminate showing cancelled and withdrawn listings and just keep sold data. All of that would be better than getting rid of clear cooperation
What happens if REALTORS form a class action suit against NAR?? We PAID for representation that they Do NOT provide.
Like it or not, N.A.R. is the largest trade association and the only real voice for agents. What will happen if the largest voice you have lobbying for you goes away?
@@ljbadmin3884 Normalcy.
Build a store and try and to sell a specific pc for $1,000 higher than market you can’t do it. Quit trying to establish the MLS as a market controlling platform. It’s not. It’s a window for experts to study knowledge about the market. The market is and always has been supply and demand period.
The seller and agent can already choose to keep a property off-market, even with clear cooperation in place. Why wouldn’t they want maximum exposure? It seems those pushing to end clear cooperation want to restrict the market under the guise of a ‘monopoly.’ Also, how many properties sold are truly ‘high profile’ sales that require confidentiality?
Depends on your market, he’s in LA. Here in North NJ (right outside NYC) there are alot of sellers & owners who value discretion
This shows why clear cooperation is needed even more, creating a situation where a few brokerages could share properties and cut out everyone else is discriminatory and could open up the group to anti trust and illegal cartel accusations. They want to keep their good old boy network and monopolize high-end areas. Only their buyers’ agents would know what is really available. No one would sign with any other buyer’s agent except theirs. This is bad on so many levels.
Fedicuiary duty doesn’t include assisting your client to do illegal activity. Creating a cartel of local companies to share listing with privately. Other companies are your competitors. Just sharing a listing on a private system is easily shown to be illegal.
I can see a mls competitor work, but it would have to be public, or that site is going to be accused of collusion.
Why agents haven’t kicked NAR to the curb is beyond my comprehension. They have single handedly caused legal problems and expenses to the industry and why agents continue down this path is amazing! All should quit NAR, when you take a listing, put it on Zillow and say bye to the NAR ties to the MLS. Then if someone figures out a better system, then everyone can list on that system. But for now, it’s time to move in a different direction!
Agents HAVE to be sponsored by a broker and belong to a board in order to get MLS access. It’s them who need to step up against the NAR and leave. In Illinois I can not opt out because my board requires NAR membership in order to access the MLS. Believe me, I want to leave but can’t. Hard to do your job without MLS access.
@@flipdiva0007 Yes, I know that it’s the brokerages that should leave, agents to follow until something better is in place. With all the advancement in technology these days, you don’t need NAR and it would be easy for an alternative to be in the marketplace. It just takes a few brokers to get together and say enough is enough, but if they don’t NAR will continue down their ways of poor decisions and policies that they have had for the past 50 years. If any organization has been sued as many times as NAR has then something internally is not right. Why continue with them when they can’t get it right.
YES, raise the standards. YES, make it harder to obtain a real estate license.
To NAR as in Janet Jackson’s 🎵🎶, “what have you done for me lately!!”
All of us need to go back to traditional brokering. Im tired of all the greeedy corporations and trade groups fighting over our money ..
None of this mess needed to happen without the stupid NAR lawsuit. They should have fought & won it