People Keep Suing NAR
6:32
21 күн бұрын
Пікірлер
@ktmstardis6946
@ktmstardis6946 2 күн бұрын
Thanks for posting this video, it was very timely & helpful
@DriveForShow
@DriveForShow 2 күн бұрын
It’s clearly a monopoly…Agree with you…This will shift.
@Skeeskee2023
@Skeeskee2023 3 күн бұрын
For LLC do we need to get a copy of the full articles of incorporation or just the page showing authorized signer name?
@BalboaRealEstate
@BalboaRealEstate 2 күн бұрын
just the page of the authorized signer.
@Skeeskee2023
@Skeeskee2023 2 күн бұрын
@ thank you for responding. New subscriber love your videos.
@skybox-fs6dv
@skybox-fs6dv 5 күн бұрын
This looks like another lawsuit for the National Association of Realtors. This time it's coming from within and it will result in the dismantling of the NAR or at least make it almost irrelevant. There will be just State Association of Realtors (and no NAR) with opt-in, opt-out benefits or take aways. Why aren't the NAR tired of getting sued?
@SuperPinkblossom
@SuperPinkblossom 5 күн бұрын
I have a question do you need a buyer agreement form If you are the agent and buying it for yourself?
@BalboaRealEstate
@BalboaRealEstate 4 күн бұрын
If you are the broker of a 1-person brokerage then no, but if you aren't a solo broker then yes.
@SuperPinkblossom
@SuperPinkblossom 3 күн бұрын
@@BalboaRealEstatethank you so much for your response and for your wonderful videos. God bless you ❤
@carlhairston1
@carlhairston1 5 күн бұрын
It's starting to get real. Would this be considered a monopoly?
@BalboaRealEstate
@BalboaRealEstate 4 күн бұрын
They have definitely monopolized the real estate agency trade. Another way to think about it is what is the alternative to NAR? There is no XYZ Association...just NAR.
@garonkiesel1646
@garonkiesel1646 5 күн бұрын
What you're doing by starting a non-MLS brokerage will be the future.
@BalboaRealEstate
@BalboaRealEstate 4 күн бұрын
Agreed
@adamblacketter
@adamblacketter 5 күн бұрын
As an owner of a non realtor brokerage, any agent that wants to join my company must leave all realtor boards, due to the tie in agreements. Recruiting is almost impossible.
@BalboaRealEstate
@BalboaRealEstate 4 күн бұрын
Yeah, the AOR acts as a gatekeeper to many professional tools, so when you ask an agent to sever ties you are asking them to forgo their tools which makes it hard for your and captive for the AOR.
@ProbateandTrustHelp
@ProbateandTrustHelp 5 күн бұрын
Thanks for the info. I was curious about this subject
@rvasquez6870
@rvasquez6870 5 күн бұрын
Thank you
@louismarasco3439
@louismarasco3439 5 күн бұрын
Yes, here my question. Can I borrow your crystal ball since you can forsee the future so well. By the way, nice apartment.
@BalboaRealEstate
@BalboaRealEstate 5 күн бұрын
I'm afraid my crystal ball is quite opaque these days.
@louismarasco3439
@louismarasco3439 5 күн бұрын
Who cares about your opinion
@Lifeguard415
@Lifeguard415 8 күн бұрын
Divorce analogy is great. Dual agency is the #1 disputed transaction legally of all disputes.
@ericrzaga
@ericrzaga 11 күн бұрын
I appreciate your taking the time to coach me as a young agent! also love your humor and character. please continue to make videos!!! Ive subscribed as well :D
@alexandrajablecki
@alexandrajablecki 11 күн бұрын
Another great video, thank you✨️
@MikeLinton
@MikeLinton 11 күн бұрын
Sorry - I disagree with most of your video. I've been in the business 38 years. I just did a quick public records search of Orange County California for NOD's, Foreclosures, and REO and I found 932. I didn't check commercial ... I'm positive there are some office buildings. I realize your video is 2 years old but I'm sure you talked someone out of a very lucrative career as a REO Agent/Broker, as there is a wave coming, especially commercial. There are many buildings where the original data shows loan amounts over 100 million and now the property has a current appraisal in the $35 million range. My commercial data comes from a nationwide title company from Newport Beach. There are over 10,000 banks and credit unions not to mention hundreds of servicers and sub servicers. I'm not trying to cause trouble - just issuing another point of view.
@BalboaRealEstate
@BalboaRealEstate 11 күн бұрын
Your point of view is very welcome. I have a limited knowledge base of distressed commercial. While I'm familiar with decreased demand for commercial, I'm still apprehensive about opportunity for anyone but buyers. As far as residential my position still stands. There are a series of layers that distressed real estate goes through before it opens to the public and all those layers scalp opportunity. I have been privy to every part of the process and I know the details intimately. Even when a bank takes back title they are too greedy to simply assign listings to agents. They make you use their platform and ask for a referral fee on your commission paid by note holder. They make you jump through hoops to a point of near emotional breakdown. The game is rigged my friend. Not just a little, but every step of the way, from start to end. I can assure you I didn't talk anyone out of a lucrative career, no sir, quite the opposite.
@GundamExia88
@GundamExia88 14 күн бұрын
I was looking for SPBB for 30 min! Thank you for the video. lol
@skybox-fs6dv
@skybox-fs6dv 14 күн бұрын
That was good, even though the current BBRC agreement was updated to include the Seller Payment To Buyer Broker and therefore, that isn't needed any longer.
@BalboaRealEstate
@BalboaRealEstate 14 күн бұрын
Thanks, I should probably do an updated version of this.
@donbettsrealestate7500
@donbettsrealestate7500 14 күн бұрын
Would be nice if you addressed Mutual Cancellation. Also, in a Mutual Cancellation when there is no EMD in place, I think it important to note that Termination of Escrow also release liability on both sides.....
@LetishaMG
@LetishaMG 14 күн бұрын
Your videos are so helpful and easy to follow. I'm so grateful that you took the time to explain all of this. Thank you.
@Pzeko651
@Pzeko651 15 күн бұрын
very clear! thank you!
@rikkid7308
@rikkid7308 15 күн бұрын
Any thoughts on the recent rent gouging issue from the fires and how existing or new landlords should approach their lease listings? Curious to know ur take on this.
@BalboaRealEstate
@BalboaRealEstate 14 күн бұрын
A landlord can't raise the rental list price more than 10% in an affected area. It's simple, follow the law and move on.
@vivianz1284
@vivianz1284 16 күн бұрын
There's a new C.A.R. Form TRPR, 12/24. Can you please make a video on it? Thanks.
@PerkinsFamilyTeam
@PerkinsFamilyTeam 16 күн бұрын
What would be your answer to the question, “what benefit does NAR provide a Realtor?” I’m a new (sub 3 year) agent and am contemplating a new brokerage that uses StateMLS only.
@BalboaRealEstate
@BalboaRealEstate 16 күн бұрын
Agents join NAR and the state local board for Forms, MLS access, and the legal hotline. These associations also have training and member discounts on other services. But, it's mostly because everyone wants access to standardized forms and the realtor-affiliated MLS. I run a realtor brokerage but I see that the time has come when a non-realtor brokerage can conduct business just the same. So, I'm helping launch CavourRealty.com, an independent brokerage.
@DSGQR
@DSGQR 16 күн бұрын
5:49 » In a video hosted by REAL president Sharran Srivatsaa, he stated that NAR was allowing written and signed addendums for the BRBC should the occasion require it. Care to weigh in on this?
@BalboaRealEstate
@BalboaRealEstate 16 күн бұрын
That's not up to NAR, all they can due is state that a buyer' rep agreement with the terms of the settlement is used. Whether agents use addendums, compensation schedules, or even their own version of a buyer rep. agreement is none of NAR's business so long as it doesn't violate the settlement agreement. It's really managed on a broker by broker basis.
@DSGQR
@DSGQR 16 күн бұрын
Should we disregard your [previous video](kzbin.info/www/bejne/rn3TZJ2Lqb-dqLMsi=B2u6Fs4XZiw8C6C3) since you've provided this one?
@BalboaRealEstate
@BalboaRealEstate 16 күн бұрын
Yes
@LSretrieved
@LSretrieved 16 күн бұрын
Thank you. It is required in NJ but you can cancel with a 72 hrs written notice.
@BalboaRealEstate
@BalboaRealEstate 16 күн бұрын
Required for realtors everywhere, but now CA has a law that requires it even for non-realtors!
@jobo2913
@jobo2913 17 күн бұрын
Thank you so much I appreciate you!! 😂I spent numerous hours looking for the form link, found other (at the moment) irrelevant topics!
@alexandrajablecki
@alexandrajablecki 18 күн бұрын
Good, I hope they win
@renacer112
@renacer112 19 күн бұрын
Great job! Thank you.
@alexnarouz4567
@alexnarouz4567 19 күн бұрын
if the seller is in a trust do I put the "seller" as the name of a trust and then do a rcsd-s so that person can sign on behalf of the trust? Do the other people in the trust have to sign the rcsd-s?
@BalboaRealEstate
@BalboaRealEstate 19 күн бұрын
Yes, trust name = seller name. Just the trustee(s) signs.
@alexnarouz4567
@alexnarouz4567 20 күн бұрын
does seller not offer anything to the buyer? what if we want to offer a % to the buyers agent?
@BalboaRealEstate
@BalboaRealEstate 19 күн бұрын
The buyer will ask in an offer, but the seller does not offer anything in advance. Those days are over.
@sabrina4Degrees
@sabrina4Degrees 20 күн бұрын
Thank you!
@DolceIbarra
@DolceIbarra 20 күн бұрын
100%. I’d like to be a fly on the wall at a listing appointment to hear what true benefit the agent sells to the seller.
@SanDiegoHomesByLisa
@SanDiegoHomesByLisa 20 күн бұрын
Great to hear! Finally! Less paperwork 😌
@almavargas-j8h
@almavargas-j8h 21 күн бұрын
Amazing videos thank you so much!
@AiwithHearts
@AiwithHearts 21 күн бұрын
I appreciate you doing this for all agents who are coming back into real estate. Very informative💖
@rjbballer
@rjbballer 21 күн бұрын
Very helpful, informative, and easy to understand. Thank you bro!
@krisp6755
@krisp6755 21 күн бұрын
Can you please cover the latest version? I was also wondering of you knew what was revised on it?
@jpringle4743
@jpringle4743 22 күн бұрын
Hi there, I’m trying to wrap my head around my renovation credit on my home, and it was done as a seller credit but I didn’t receive a cheque…any chance you can walk me through it?
@BalboaRealEstate
@BalboaRealEstate 21 күн бұрын
Did the seller credit you through escrow? If so, it would have reduced the cash that you need to bring to closing. So you would be in possession of more cash, that's where the credit would be.
@lizvivas542
@lizvivas542 22 күн бұрын
This was very good thanks
@realtalkwithleemckim
@realtalkwithleemckim 22 күн бұрын
Excellent video and I agree with you about the SPBB... I am sure more revisions are coming.. All the best..
@sTinkerbell101
@sTinkerbell101 23 күн бұрын
My understanding of the new laws are that the Buyers Agent IS NOT allowed to receive any monetary compensation above what is agreed upon in the Buyer’s contract
@BalboaRealEstate
@BalboaRealEstate 23 күн бұрын
Correct
@JoseAlcaraz-u1n
@JoseAlcaraz-u1n 23 күн бұрын
thank you
@19651995love
@19651995love 25 күн бұрын
I have a listing with three units and the RIPA offer was revised on June 2024.
@BalboaRealEstate
@BalboaRealEstate 25 күн бұрын
It's workable even though the version is dated.
@livinginventuracounty1071
@livinginventuracounty1071 25 күн бұрын
We have really enjoyed being part of the Balboa Team. Thank you for all you do!
@BalboaRealEstate
@BalboaRealEstate 25 күн бұрын
I'm honored to have you both on the team and I love your channel!
@livinginventuracounty1071
@livinginventuracounty1071 24 күн бұрын
@@BalboaRealEstate Thank you!
@cs7441
@cs7441 25 күн бұрын
Thank you...
@gabequezada2066
@gabequezada2066 25 күн бұрын
Hunter.. I hope you and your agents are well in SoCal during this horrible tragedy
@mikepajouhesh
@mikepajouhesh 25 күн бұрын
Excellent clip ............... Great coaching
@reytaji3334
@reytaji3334 25 күн бұрын
I called you couple of times, but never had the chance to talk to you or anyone. No one answered my phone calls 😐 I love all your videos though 🫡
@BalboaRealEstate
@BalboaRealEstate 25 күн бұрын
Oh no, we're at the phones all day, sorry we missed you. Please call 949-247-8811.