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149: Agent Lawsuit Ends in Settlement & Why Dave Ramsey Thinks You Should Sell

149: Agent Lawsuit Ends in Settlement & Why Dave Ramsey Thinks You Should Sell

FromOn The Market


149: Agent Lawsuit Ends in Settlement & Why Dave Ramsey Thinks You Should Sell

FromOn The Market

ratings:
Length:
39 minutes
Released:
Oct 13, 2023
Format:
Podcast episode

Description

The real estate commission lawsuit that threatened buyer’s agents’ income is coming to an end. The conclusion? There could be even more murkiness ahead, and agent commissions are far from future-proofed. This settlement could either have been a cash grab from the get-go or a way to end the “unfair” buyer-seller agent commission split. So, how will this affect buyers and sellers today, and will these lawsuits make a difference on your next home sale or purchase?
We’ve got the hard-hitting housing market headlines you need to hear about on this episode of On the Market. First, we’ll talk about RE/MAX’s settlement and the future for buyer’s agents. Then, we’ll uncover why exactly housing starts have started (no pun intended) to freeze and why apartment investors could be begging you to take land off their hands. And, if you’ve ever wanted your home to pay you money every month, the new “passive home” development has just what you’re looking for. But with a high initial purchase price, are the savings/profits worth the cost?
Finally, if you thought you were smart for house hacking, prepare for an ego-blow because Dave Ramsey wants YOU to know that subsidizing your mortgage is a move for LOSERS. Sell that investment property, buy your house in cash, and prepare some beans and rice for dinner! All that and more on this episode!
In This Episode We Cover:
The RE/MAX agent lawsuit settlement and what this means for real estate agent commissions 
Too many agents, not enough housing, and why “change” is coming to the industry 
Home construction numbers and why housing starts dropped to their lowest level in years
The “passive home” with such massive energy savings that utility companies will pay you to live
Dave Ramsey’s house hacking rant and why his investing advice doesn’t quite hit the mark
And So Much More!
Links from the Show
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On The Market
Join the Future of Real Estate Investing with Fundrise
Connect with Other Investors in the “On The Market” Forums
Subscribe to The “On The Market” YouTube Channel
Dave's BiggerPockets Profile
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Henry's BiggerPockets Profile
Henry's Instagram
James' BiggerPockets Profile
James' Instagram
Kathy's BiggerPockets Profile
Kathy's Instagram
New Agent Lawsuits Could Have Profound Effects for Buying and Selling Homes
RE/MAX Settlement
Housing Starts
Passive Homes
Dave Ramsey


Click here to listen to the full episode: https://www.biggerpockets.com/blog/on-the-market-149
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Released:
Oct 13, 2023
Format:
Podcast episode

Titles in the series (100)

The modern real estate investor doesn’t have time to research every headline and trend. That’s why BiggerPockets' Dave Meyer and his expert panel do it for you. Learn how to invest smarter in today’s economic environment.