The Portland real estate market is waking up, and it doesn't feel like a typical January.

In this episode of the Portland Real Estate Podcast, Steve Nassar and Joe Fustolo break down why buyer and seller activity is already showing spring-like momentum, even as closings lag behind the buzz.

You'll hear why mortgage rates hovering in the low sixes are quietly restoring buying power, how a one-percent rate drop can feel like a double-digit price cut, and why optimism for March, April, and May is building beneath the surface.

Steve and Joe unpack what a "slow and steady" recovery really looks like after three historically weak years for transaction volume and why consistency, not a sudden surge, may define 2026.

They also dive into industry stats showing that over 70 percent of licensed agents closed zero deals, what that means for consumers, and why experience matters more than ever in a tightening field.

Expect candid talk about the growing divide between healthy residential homes and the ongoing struggles of condos and HOAs, especially in downtown Portland, where high fees, special assessments, and stalled projects continue to reshape buyer behavior.

From cash buyers returning to financing, to homeowners loosening their golden handcuffs, to life events that force movement regardless of the market, this conversation connects the data to what people are actually doing right now.

If you want a grounded, insider look at where the Portland market truly stands and where it's quietly heading next, this episode delivers the context, clarity, and real-world insight you won't get from headlines alone.

Key Takeaways

Early 2026 activity feels unusually strong for January, with listing appointments, buyer interest, and open houses resembling spring conditions even as escrows lag.

Mortgage rates in the low sixes are restoring buying power, with a one-percent drop functioning like a 10–12% price reduction from a buyer's perspective.

After three historically weak years for transaction volume, 2026 is shaping up as a year of gradual improvement rather than a dramatic rebound.

Sellers have largely adjusted expectations following the 2023–2025 correction, helping the market move toward a more balanced absorption rate.

Cash buyers dominated recent years, but financing is returning as the gap between ultra-low legacy rates and today's rates narrows.

Homeowners once held back by "golden handcuff" rates are beginning to move again due to life changes, downsizing, and mobility needs.

Real estate decisions are increasingly driven by necessity rather than speculation, making timing life more important than timing the market.

Over 70% of licensed Realtors closed zero transactions, highlighting a widening gap between full-time professionals and part-time or inactive agents.

Condos and HOA-driven properties remain high-risk, particularly in downtown Portland, due to rising dues, insurance challenges, special assessments, and urban conditions.

Single-family residential homes continue to outperform condos, especially outside the downtown core.

The Ritz-Carlton condo project illustrates how pricing, timing, and market sentiment can dramatically affect luxury developments.

Oregon Senate Bill 426 raises new concerns by making homeowners jointly liable for unpaid contractor wages, increasing the importance of contractor due diligence.

The hosts expect steady improvement through 2026, with consistency, experience, and ethical practices rewarded as the market stabilizes.

Connect with Joe

Soldera Properties

Joe on LinkedIn

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Steve's Team at Premiere Property Group

Steve on LinkedIn

Apple Podcasts | Spotify

The Fed just lowered rates and the ripple effects are already hitting the housing market.

In this episode of the Portland Real Estate Podcast, Steve Nassar and Joe Fistolo unpack what the latest rate cut really means for buyers, sellers, and everyone trying to read the tea leaves in a shifting economy.

You'll hear why the 0.25% drop in the federal funds rate may not directly move mortgage rates, but could still ignite momentum through 2026 as affordability slowly improves and inventory levels find long-awaited balance.

We break down how absorption rates in the Portland metro area hit their highest level since 2014, what a "slow-motion rebound" might look like, and why many economists now see rates dipping into the high-5s next year.

We also trace how lessons from 2008 and quantitative easing could once again reshape real estate from behind the scenes.

With Powell's exit and a potential Trump appointee on deck, the Fed's next play might be less about cutting rates and more about taking its foot off the brake entirely.

From the "golden handcuffs" keeping homeowners stuck to the subtle pain points pushing families to finally make a move, Steve and Joe explore how real-world behavior shifts when the market begins to thaw.

Expect real talk about why more past clients are starting to buy and sell again, how remodels are replacing relocations, and why a balanced four-month absorption rate may be exactly what the industry needs.

We also discuss scams and cybersecurity threats now plaguing real estate from fake roofers and phishing attempts to overseas buyer frauds that can upend transactions overnight.

We close with a candid look at what's next for professionals navigating the tightening field of brokers and lenders. With fewer players, higher standards, and a market finally stabilizing, the next two years could reward those who've stayed sharp, ethical, and ready for what's coming.

If you want a clear, insider's perspective on the Fed, the market, and the future of real estate in the Northwest, this is one episode you don't want to miss.

Key Takeaways

The Fed's quarter-point rate cut sparked optimism but also confusion about what it really means for mortgage rates.

Mortgage rates have reached their lowest average in over a year, hovering near 6.1%, with predictions to dip into the high 5s by 2026.

Portland's absorption rate hit 3.8%, the highest since 2014, signaling a more balanced market between buyers and sellers.

Homeowners with ultra-low "golden handcuff" rates are slowly re-entering the market as the rate gap narrows.

Remodeling and home additions are rising as families adapt instead of moving in a high-rate environment.

Economists expect a steady, gradual market recovery through 2026, with slow appreciation around 1.5% annually.

Discussions of quantitative easing suggest the Fed may begin stimulating housing again without aggressive rate cuts.

The upcoming Fed leadership change could accelerate policy shifts that further lower borrowing costs.

Real estate scams from fake roofing contractors to overseas buyer fraud are escalating, hitting both consumers and agents.

WFG Title reports over 80,000 hacking attempts a month, underscoring the growing need for cybersecurity in transactions.

The "rent trap" continues to hold younger buyers back as lifestyle spending delays homeownership.

Veteran agents and lenders who remain active through the downturn are positioned to thrive as professionalism rises.

The hosts predict 2025–2026 will reward experienced, ethical professionals ready to seize the next wave of opportunity.

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Soldera Properties

Joe on LinkedIn

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Steve's Team at Premiere Property Group

Steve on LinkedIn

Apple Podcasts | Spotify

We're pulling back the curtain on the tech, trends, and title industry shifts that are quietly reshaping the real estate transaction from the inside out.

In this episode, Steve Nassar and Joe Fistolo welcome Justin Tucker of Fidelity National Financial for a conversation that's part reunion, part reset. It's all about what comes next.

We'll unpack how COVID sparked a digital transformation in title and escrow, from Zoom closings to remote online notaries, and why that momentum still faces resistance across county lines and lender requirements.

You'll hear why January 2025 saw a 20% spike in closed sales over the prior year, why May fell nearly 15%, and why a recent surge in new escrow orders could point to a long-awaited market rebound or just a short-lived summer pop.

Justin shares why consumer protection is now a core part of the customer experience, and how wire fraud threats are forcing title companies to rethink their entire communication strategy.

With interest rates settling in the low 6% range, buyers and sellers are getting creative through strategies like co-buying with friends or holding onto golden-handcuff rentals, which is quietly reshaping the market behind the scenes.

This episode offers timely perspective, real data, and forward-looking insights for anyone serious about staying ahead in today's unpredictable real estate climate.

Key Takeaways

Justin Tucker returns to Fidelity National Financial after years with a competing title company, marking a significant shift in local industry dynamics.

COVID acted as the catalyst for tech adoption in title and escrow, normalizing Zoom closings and remote online notarization.

Title companies now face the challenge of offering both high-tech and traditional in-person services to meet diverse client preferences.

Wire fraud is increasing, making client protection a top priority, even if it adds friction to the customer experience.

Real estate professionals should educate clients that title companies will never send wire instructions via email.

The title industry has seen a significant drop in refinance volume since COVID, with overall production remaining flat or slightly down in 2025.

January and February 2025 showed strong year-over-year closed sales growth, but March and May declined, and June was flat.

A recent surge in new escrow openings may signal renewed activity, though it's unclear if this is a short-term summer spike or a longer trend.

The "golden handcuffs" of sub-3% mortgage rates are discouraging homeowners from selling, leading to fewer transactions.

Cash deals and creative financing strategies like co-buying and renting out low-rate properties are becoming more common.

Interest rates in the low 6% range have reignited buyer urgency after three years of market stagnation.

Perceptions of future Fed rate cuts and political shifts may influence buyer behavior more than actual policy changes.

Connect with Justin

Fidelity National Financial

Justin on LinkedIn

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Soldera Properties

Joe on LinkedIn

Connect with Steve

Steve's Team at Premiere Property Group

Steve on LinkedIn

Apple Podcasts | Spotify

We're diving into the real reasons the Portland real estate market feels stuck, and spoiler alert, it's not just interest rates or a lack of buyers.

In this episode, Steve Nassar and Joe Fistolo of the Portland Real Estate Podcast tackle the state of the market as of May 21st, 2025, revealing the hidden forces at play and what it means for you.

Steve and Joe break down why certain segments are struggling more than others (we're looking at you, downtown condos!), and the surprising factors driving high-income earners out of Multnomah County.

From the impact of "cash for keys" and tax burdens to the complexities of HOA issues and insurance woes, they share practical insights on why the market has been a story of "fits and starts" for the past three years.

You'll hear about the SDC moratorium and why it's not enough to solve the core housing crisis, and how subtle shifts in buyer behavior are creating a nervous, indecisive environment.

This episode is about clarity, strategy, and understanding the nuances of a challenging market.

If you're serious about navigating Portland's real estate landscape, this conversation is your next move.

Listen in for a real, relatable, and energizing discussion on what it takes to thrive in today's unpredictable market.

Key Takeaways

The Q1 and early Q2 real estate market was weak due to economic volatility, 7% interest rates, and increased inventory.

The detached home market saw brief improvement, but condos and townhomes continue to struggle with high HOA fees and insurance issues.

The market has experienced "fits and starts" for the past three years, with a particularly slow spring season.

Buyers are nervous, making and quickly retracting offers due to economic uncertainty and news.

Multnomah County's high-end market has lower appreciation due to high property and other taxes.

A three-year SDC moratorium in Multnomah County is seen as insufficient to address core housing development issues.

Multnomah County's "cash for keys" tenant rights make it unattractive for rental property investors.

Realtors should strongly recommend buyers hire an HOA consultant to review HOA documents.

Insurance companies are scrutinizing homeownership details, leading to denied coverage for certain piping types.

NAR commission changes have had little negative impact on agents, but have reduced buyer spontaneity.

In the current market, price reductions are more effective than concessions for attracting buyers.

AI tools like ChatGPT can help tighten listing remarks but aren't a magical solution for poor performance.

Connect with Joe

Soldera Properties

Joe on LinkedIn

Connect with Steve

Steve's Team at Premiere Property Group

Steve on LinkedIn

Listen to The Portland Real Estate Podcast on:

Apple Podcasts | Spotify

We're diving into the real reason you're not hitting that next level, and spoiler alert, it's not your marketing plan or your CRM.

In this episode, Steve and Joe sit down with nationally renowned coach and speaker Steve Scanlon, founder of Rewire, to explore the real driver behind success in today's market.

Forget the usual "just make the calls" advice. Scanlon breaks down why how you think determines what you do, and whether those changes actually stick.

From emotional intelligence to the science of how your brain works, he shares practical insight on why top performers in sales, sports, and leadership focus on mindset first and skillset second.

You'll hear why learning to deal with discomfort is the key to real growth, and how your thought patterns might be holding you back without you even realizing it.

He also digs into the danger of a scarcity mindset and the power of being present and self-aware in high-stress environments.

This episode isn't about hype. It's about clarity, strategy, and the kind of self-leadership that can change your business and your life.

If you're serious about leveling up, this conversation is your next move. Listen in for a real, relatable, and energizing discussion on what it takes to rewire your results.

Key Takeaways

Mindset, not skillset, is the key driver of long-term success in real estate and business.

Real change requires shifting the way you think before changing what you do.

Sustainable growth comes from understanding how the brain works, including neuroplasticity.

Embracing discomfort is essential for reaching new goals and breaking old patterns.

Scanlon emphasizes the importance of practicing presence in high-pressure situations.

Coaching focused on behavior alone often fails without addressing mindset first.

Scarcity mindset limits growth, while abundance thinking creates new possibilities.

Rewire uses neuroscience and emotional intelligence to help clients create real change.

The brain resists change by default, requiring effort and repetition to rewire habits.

Realtors often waste energy worrying about things they can't control.

Identifying what you can control, influence, or not control is key to managing energy.

Success often involves some level of suffering, especially when developing new habits.

Short-term motivation fades without a deeper mindset shift to support new behaviors.

Rewire's coaching approach is individualized and holistic, focusing on personal clarity.

Connect with Joe

Soldera Properties

Joe on LinkedIn

Connect with Steve

Steve's Team at Premiere Property Group

Steve on LinkedIn

Connect with Steve Scanlon

Rewire

Steve Scanlon on LinkedIn

Still the Lizard: Transformation Is Closer Than You Think

Reality and Hope: Reflections From a Coach's Chair

The Insight Interviews

[email protected]

Listen to The Portland Real Estate Podcast on:

Apple Podcasts | Spotify

Buckle up real estate pros! The industry is changing and we've got the inside scoop from someone who knows.

In this episode Steve and Joe sit down with Colin Mullane, the candidate for first vice president of NAR, to get the real scoop on what's going on in the real estate world.

From the recent lawsuit settlement to the future of Clear Cooperation, Colin shares what NAR is doing to protect realtors and shape the future of the industry.

You'll hear how these changes aren't just challenges but opportunities for growth and professionalism.

Find out why decoupling of commissions might be the best thing to happen to your business and how to navigate buyer representation agreements with confidence and avoid pitfalls.

This episode goes deep into the often misunderstood world of open houses, E&O insurance and the importance of adhering to settlement terms.

You'll leave with a better understanding of your risks and responsibilities in this new world of real estate.

Whether you're a seasoned pro or just starting out, this episode has game changing information that will change the way you do business.

Colin's perspective as both a successful realtor and incoming NAR leader gives you a behind the scenes look at the industry.

Don't miss out on the opportunity to get informed and get ahead of the curve. Listen in for a candid, fun and sometimes surprising look at the future of real estate!

Key Takeaways

NAR settled a class action lawsuit for $418 million, including major industry changes.

The settlement protects NAR members from further lawsuits if they follow new rules.

Key changes include removing buyer broker compensation from MLS listings and requiring buyer broker agreements.

Colin Mullane is the incoming candidate for first vice president of NAR.

NAR fought hard to protect members' interests during the lawsuit.

Decoupling commissions has given realtors more control over their business.

Clear Cooperation policy, requiring quick MLS listing of public marketed properties, is under scrutiny.

NAR continues to defend realtor and consumer interests, emphasizing cooperation.

The settlement's practice changes are terms that must be followed to maintain coverage.

Open houses held by agents from different companies may violate settlement terms.

Some larger companies are challenging Clear Cooperation, potentially for their own benefit.

NAR is waiting for a Supreme Court decision before addressing Clear Cooperation concerns.

The US real estate industry is unique globally, with NAR protecting its cooperative model.

Recent changes have raised professional standards, potentially benefiting experienced agents.

NAR's role in lobbying since 1908 has been crucial in shaping the current real estate landscape.

Connect with Joe

Soldera Properties

Joe on LinkedIn

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Steve's Team at Premiere Property Group

Steve on LinkedIn

Connect with Colin

Colin Mullane - National Association of Realtors

Colin Mullane on LinkedIn

Listen to The Portland Real Estate Podcast on:

Apple Podcasts | Spotify

Change is here, and it's reshaping the way we do real estate. In this episode, Steve and Joe dive headfirst into the most talked-about changes shaking up the real estate world.

From NAR commission updates to buyer rep agreements, they're unpacking how the last three months have tested—and strengthened—the industry.

You'll hear why these changes haven't just maintained stability—they've opened new doors for growth. Steve and Joe share real-world insights, surprising trends, and proven strategies to navigate the evolving landscape.

Discover how decoupled commissions, smarter negotiations, and a fresh approach to buyer representation are giving realtors more control than ever before.

Plus, the hosts offer practical tips on setting client expectations, protecting your commissions, and building better, more sustainable relationships in the field.

If you've been wondering what the future holds for real estate, this conversation is a must-listen. Packed with honest stories, actionable advice, and a healthy dose of humor, this episode is all about turning challenges into opportunities.

Don't miss Steve and Joe's deep dive into how real estate professionals can not only survive but thrive in this exciting new chapter for the industry!

Key Takeaways

Buyer-side and listing-side commissions have not decreased significantly. In many cases, they've risen slightly due to the new flexibility and transparency in negotiations.

The decoupling of buyer-agent commissions from the overall seller's commission has allowed for more precise and strategic negotiations, benefiting both agents and clients.

Formal agreements between buyers and agents protect agents' time and ensure compensation, while offering buyers a clearer understanding of the services provided.

Real estate professionals must communicate early and effectively with sellers about commission expectations, especially in scenarios involving buyer-agent compensation demands.

The real estate market has remained strong, with data showing increased pending sales year over year.

Open and honest discussions with clients about commissions and contract terms build trust and set realistic expectations, reducing friction during the offer process.

The changes brought by NAR and MLS updates have been challenging but have ultimately empowered agents to control their value and negotiate more effectively.

Sellers are encouraged not to cut buyer-agent commissions unnecessarily, as doing so can hinder negotiations and reduce the chances of achieving the desired sale price.

Agents are advised to approach counteroffers strategically, avoiding tactics that alienate buyer agents (e.g., cutting commissions while demanding higher offers).

The shift towards treating real estate as a structured business—with formal agreements and clear compensation frameworks—has enhanced the professionalism of the industry.

Connect with Joe

Soldera Properties

Joe on LinkedIn

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Steve's Team at Premiere Property Group

Steve on LinkedIn

Apple Podcasts | Spotify

It's all about connection! In this episode, we're diving into how Real Producers Magazine has transformed the real estate community in Portland over the past seven years.

We're excited to welcome Tiffany Larsson, the driving force behind Real Producers, to share her journey of building a platform that's far more than just a magazine.

Steve and Joe sit down with Tiffany to explore the impact of Real Producers on fostering relationships, showcasing top real estate professionals, and creating meaningful events that help agents thrive.

Tiffany provides a behind-the-scenes look at the thoughtful curation of the magazine and the networking opportunities that have helped elevate Portland's real estate industry.

Get ready for an insightful conversation on the importance of collaboration, the power of vetted partnerships, and how Tiffany's platform continues to support the best of the best in real estate.

Whether you're a seasoned agent or just starting out, this episode is full of valuable takeaways on building success through community.

Tune in for an inspiring discussion with Tiffany Larsson and learn how Real Producers is shaping the future of Portland real estate!

Key Takeaways

Real Producers Magazine is a platform that fosters connections among Portland's top real estate professionals.

The magazine highlights the human interest stories of top-performing agents in the real estate community.

Real Producers focuses on building relationships between agents and vetted business partners.

The platform targets the top 500 agents in the Portland market, celebrating their achievements and success.

Vendors and service providers are carefully vetted to ensure high-quality partnerships for agents.

Agents featured in the magazine are nominated based on merit, not through paid advertising.

Events hosted by Real Producers help agents build relationships and collaborate within the real estate industry.

The platform is expanding, with plans for national events and more involvement from the real estate community.

Real Producers maintains its integrity by not allowing pay-to-play features, keeping the platform credible and trustworthy.

The magazine showcases not only the professional success of agents but also their personal stories, building trust in the community.

Connect with Joe

Soldera Properties

Joe on LinkedIn

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Steve's Team at Premiere Property Group

Steve on LinkedIn

Connect with Tiffany

Portland Real Producers Magazine

Tiffany Larsson LinkedIn

Talk about perfect timing! Our powerhouse panel went live just 20 minutes after the Fed dropped rates by a whopping 50 basis points - the first cut in 4 years, signaling the end of a tightening cycle.

We're thrilled to welcome back industry experts Brittany Gibbs and Heather Robbins to break it all down for you.

In this highly relevant episode, hosts Joe and Steve join these powerful women in real estate to discuss the latest changes and outlooks. We dive into the implementation of NAR regulations and buyer rep agreements, exploring their current impact on all sides of the industry.

Our experts emphasize the paramount need for education and share their insights on how these changes will shape the market.

Join us for a no-holds-barred discussion on the end of the tightening cycle and its impact on your wallet, game-changing shifts in commission structures, navigating the new world of buyer representation agreements, and market trends that could make or break your next deal.

Whether you're a seasoned pro, a newbie agent, or looking to buy or sell, this episode is packed with invaluable insights and insider tips to help you adapt to these seismic shifts. Get ready to position yourself for success in this brave new world of real estate!

Don't miss this comprehensive overview of the current real estate landscape with Brittany Gibbs and Heather Robbins. Tune in now to gain the edge in your next transaction!

Key Takeaways

Recent Federal Reserve rate cut of 50 basis points, signaling the end of a tightening cycle.

Changes in real estate commission structures due to NAR (National Association of Realtors) settlements.

Implementation of buyer representation agreements and their impact on the industry.

A negative for buyers, if they don't do their research, is getting into an agreement with a realtor who may not be a good fit.

There's still some bad information out there but it will shake out over time.

Realtors need to understand the new regulations and there has to be education on the buyers and the seller side.

One of the cons of this new system is that there is more urgent paperwork up front.

Market trends: Increasing activity despite previously high mortgage rates.

Expectations for lower mortgage rates (potentially reaching a high 5% range) and increased market activity.

Importance of educating clients (both buyers and sellers) about new industry practices.

Challenges and opportunities presented by the new commission structure.

Strategies for adapting to changes, including non-exclusive agreements for Zillow leads.

Discussion on dual agency and its potential risks.

Impact of changes on different types of real estate professionals (strong vs. weak agents).

Predictions for the real estate market in an election year.

Connect with Joe

Soldera Properties

Joe on LinkedIn

Connect with Steve

Steve's Team at Premiere Property Group

Steve on LinkedIn

Connect with Brittany

Brittany Gibbs - Move Real Estate

Brittany Gibbs LinkedIn

Connect with Heather

Heather Robbins - Robbins Realty Group

Heather Robbins LinkedIn

Resources

PDX Real Estate EP160: The Interworkings Of A Winning Real Estate Portfolio With Rob Levy And Dirk Zeller

You've heard the saying "multiple streams of income," but what about multiple streams of passive income?

Real estate offers a variety of options, from single-family homes to apartment buildings, and today we're joined by two experts to break it all down.

Dirk Zeller, CEO of Real Estate Champions, has experience with all types of real estate investments, from single-family homes to small plexes, apartments, and commercial properties.

Rob Levy, who has been in the real estate business since 1988, is brilliant with his investing strategy and knowledge. Some of the earliest advice he received was that you can make a lot of money selling real estate, but you can make more investing in real estate.

We dive into real estate investment strategies from every angle, including single-family homes, multi-family homes, and commercial investments.

While cash flow is crucial, we also explore the significant tax savings and depreciation benefits that come with strategically structured investments.

Our experts break down concepts like cost segregation, explaining how it allows for a large one-time depreciation deduction that can substantially reduce taxable income for real estate professionals.

We compare the pros and cons of investing in certain properties. Single-family homes may offer better appreciation, while multifamily properties can provide more consistent cash flow and lower acquisition costs per unit.

No discussion would be complete without tackling tenant and property management along with location strategies.

We explore the benefits of using self-directed retirement accounts (SDRAs) for real estate investments, showing how investors can defer taxes and potentially grow wealth tax-free.

Our experts also shed light on partnering strategies, obtaining non-recourse loans, and navigating IRS regulations to ensure compliance.

We discuss market insights, from tax laws to managing investments, including practical advice for new and seasoned investors.

This podcast provides a comprehensive overview of real estate investment strategies, emphasizing the importance of education, strategic planning, and leveraging tax benefits.

Join us as we unpack these critical topics and more with Dirk Zeller and Rob Levy. This is an episode you won't want to miss!

Key Takeaways

Real estate investment strategies vary, with both single family and multifamily properties offering unique advantages.

Understanding local market laws and having a solid investment strategy is crucial for success.

Significant tax benefits, including mortgage interest deductions and cost segregation, can reduce taxable income.

Single Family homes often appreciate more, while multifamily properties provide consistent cash flow.

Selfdirected retirement accounts (SDRAs) offer tax deferred or tax free growth for real estate investments.

Having local market knowledge and a proactive approach helps in finding and managing profitable investments.

Diversification in investment properties can provide stability and enhance long term returns.

Leveraging properties and scaling investments are essential strategies for building wealth.

Challenges in real estate investment include tenant management, property maintenance, and market fluctuations.

Understanding Section 8 housing benefits and drawbacks can impact investment decisions.

Building a real estate business, living below your means, and having access to financing are key to successful investment.

Investing in properties outside your local area requires reliable property management and local expertise.

Finding the right deal and being willing to invest despite minor cost differences can lead to long term success.

House hacking and partnering with others can be effective entry strategies for new investors.

Utilizing property management teams and continuously educating oneself on real estate strategies are vital.

Buying properties with the potential for appreciation and maintaining flexibility in investment approaches are recommended.

The importance of scaling investments to achieve financial independence is emphasized.

Courses and books on real estate investment can provide valuable knowledge and skills.

Self-Directed IRA accounts and understanding their regulations can significantly enhance investment opportunities.

Connect with Joe

Soldera Properties

Joe on LinkedIn

Connect with Steve

Steve's Team at Premiere Property Group

Steve on LinkedIn

Connect with Rob

The Rob Levy Team

Rob Levy LinkedIn

Connect with Dirk

Real Estate Champions

Dirk Zeller LinkedIn

Resources

PDX Real Estate Ep155: Unpacking Nar Developments—With Rob Levy

One of our favorite guests, Kurt von Wasmuth, President and CEO of RMLS, is here to talk about the latest industry upheavals.

Kurt, a frequent guest and one of our biggest advocates, will help clear up some of the confusion and questions about this process.

For years, MLS systems have provided data about properties for sale along with the compensation structure from listing brokers to buyer brokers.

In 2019, the DOJ filed a civil antitrust lawsuit against NAR, alleging that certain rules and policies of NAR were anticompetitive and hindered fair competition in the real estate market.

There was a settlement agreement in 2020 to help promote more competitive practices in the real estate industry. Key components include, disclosure of commission rates, prohibition of misleading practices, and increased transparency.

The compliance deadline is just around the corner on August 17th, 2024. Guess who gets tasked with helping enforce compliance? The MLS systems.

Fresh from his Washington DC trip, Kurt is here to share how RMLS, MLS Aligned, and the other big MLS systems are trying to make compliance as smooth as possible.

He knows there will be unforeseen challenges and obstacles, but they are doing their best to get systems in place to update the database and make the commission check box system standard.

If you want a first hand walk through of the imminent changes, this show is for you. Kurt is always a wealth of knowledge and this conversation is no exception.

We talk about possible issues with enforcement and how it all may play out. How will such a huge upheaval in the industry affect us? How smooth will the transition go? What future obstacles are yet to be seen?

Will these changes lead to more transparency and competitive pricing? Ultimately will any of this benefit consumers? How can those in the industry benefit from these changes?

Join us as we unpack these critical questions and more as we discuss possible implications with Kurt von Wasmuth. This is an episode you won't want to miss!

Key Takeaways

The real estate world is changing overnight with this settlement

Compensation is no longer guaranteed; subscribers must now negotiate directly with buyers

MLSs are now responsible for ensuring written buyer broker agreements

Policing the new rules may lead to creative and uncertain strategies

Key logistical factors include clean data handoffs and removing compensation fields

Implementation of the new checkbox system is discussed

Websites sharing compensation knowledge cannot have MLS information

Listing percentages can be used on personal website data feeds

Sellers decide what to do with the buyer's agent's commission

The changes are expected to be better for consumers

Clarification on when buyer agreements are necessary during showings

Open house agents work for the seller; entering homes requires buyer broker agreements

NAR won't mandate agreement details

A buyer agreement is needed if you expect to get paid

RMLS will ensure written buyer agreements when required

RMLS won't act as legal experts on agreements

Agreements can be renegotiated

RMLS requires agreements but has no jurisdiction over disputes

All incentives are separate from the commission

Compliance is critical; potential for lawsuits is high

RMLS is working on the settlement and related tasks

Improvements to Aligned Showings and RMLSweb are ongoing

Advantages of a central MLS are discussed

We discuss the length of remarks in MLS

Reflection on whether past actions could have prevented current changes

More people will be leaving the industry over the next few years

The future is rosy and we have a lot to look forward to

Connect with Joe

Soldera Properties

Joe on LinkedIn

Connect with Steve

Steve's Team at Premiere Property Group

Steve on LinkedIn

Connect with Kurt

RMLS

Kurt von Wasmuth LinkedIn

Resources

MLS Aligned