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Lawrence Yun

๐Ÿ‘ค Speaker
87 total appearances

Appearances Over Time

Podcast Appearances

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

The realtors are quite optimistic about the new rules. They don't agree with the verdict, but given that the verdict is in place, sometimes life is never fair on every angle. But entrepreneurs always adapt to new rules. They're explaining to their clients. Buyers are understanding they have to sign the form. And for the home sellers, it is irrational.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

The realtors are quite optimistic about the new rules. They don't agree with the verdict, but given that the verdict is in place, sometimes life is never fair on every angle. But entrepreneurs always adapt to new rules. They're explaining to their clients. Buyers are understanding they have to sign the form. And for the home sellers, it is irrational.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

to ignore offers that say you have to pay buyer agent because those offer may be high price or all cash that doesn't involve some complication later. So the process moves on. But at the moment, the market is primarily determined by economic factors, inventory availability, mortgage rate, job market situation.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

to ignore offers that say you have to pay buyer agent because those offer may be high price or all cash that doesn't involve some complication later. So the process moves on. But at the moment, the market is primarily determined by economic factors, inventory availability, mortgage rate, job market situation.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

to ignore offers that say you have to pay buyer agent because those offer may be high price or all cash that doesn't involve some complication later. So the process moves on. But at the moment, the market is primarily determined by economic factors, inventory availability, mortgage rate, job market situation.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

We are in the very first innings. There will be a lot of trial and errors and there will be a lot of new companies trying to see what type of new model will best fit under the new rules. We don't know what the numbers are. NAR never collects data on the commission rate, and the reasoning for that is that we don't want to set a focus point.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

We are in the very first innings. There will be a lot of trial and errors and there will be a lot of new companies trying to see what type of new model will best fit under the new rules. We don't know what the numbers are. NAR never collects data on the commission rate, and the reasoning for that is that we don't want to set a focus point.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

We are in the very first innings. There will be a lot of trial and errors and there will be a lot of new companies trying to see what type of new model will best fit under the new rules. We don't know what the numbers are. NAR never collects data on the commission rate, and the reasoning for that is that we don't want to set a focus point.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

So somehow NAR said this is the average rate, and everybody focused on that figure and leads to some tacit collusion. We don't want that. We want the market to be competitive. We don't study the commission. But anecdotally, some people are saying, well, now they are able to submit an offer with a little higher commission than what they had done before. Others are saying a little lower.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

So somehow NAR said this is the average rate, and everybody focused on that figure and leads to some tacit collusion. We don't want that. We want the market to be competitive. We don't study the commission. But anecdotally, some people are saying, well, now they are able to submit an offer with a little higher commission than what they had done before. Others are saying a little lower.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

So somehow NAR said this is the average rate, and everybody focused on that figure and leads to some tacit collusion. We don't want that. We want the market to be competitive. We don't study the commission. But anecdotally, some people are saying, well, now they are able to submit an offer with a little higher commission than what they had done before. Others are saying a little lower.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

Only concerning factor that I have is the first-time buyers, especially minority first-time home buyers, because we look at the wealth distribution in America. We understand the American history about generational wealth transfer.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

Only concerning factor that I have is the first-time buyers, especially minority first-time home buyers, because we look at the wealth distribution in America. We understand the American history about generational wealth transfer.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

Only concerning factor that I have is the first-time buyers, especially minority first-time home buyers, because we look at the wealth distribution in America. We understand the American history about generational wealth transfer.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

And if somehow it becomes the norm that the buyer have to pay out of their pocket to their agent, essentially you are denying the people in more moderate wealth circumstances, which in the U.S. is essentially minority income.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

And if somehow it becomes the norm that the buyer have to pay out of their pocket to their agent, essentially you are denying the people in more moderate wealth circumstances, which in the U.S. is essentially minority income.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

And if somehow it becomes the norm that the buyer have to pay out of their pocket to their agent, essentially you are denying the people in more moderate wealth circumstances, which in the U.S. is essentially minority income.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

I am aware of what outsiders are studying. And Again, as long as you have competition, let the market settle what it would be. I don't know the particulars of selling a home in New York City. Maybe doing a co-op sale, it gets a little more extra complication compared to home selling out in, say, middle America, in Kansas.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

I am aware of what outsiders are studying. And Again, as long as you have competition, let the market settle what it would be. I don't know the particulars of selling a home in New York City. Maybe doing a co-op sale, it gets a little more extra complication compared to home selling out in, say, middle America, in Kansas.

Freakonomics Radio
618. Are Realtors Having an Existential Crisis?

I am aware of what outsiders are studying. And Again, as long as you have competition, let the market settle what it would be. I don't know the particulars of selling a home in New York City. Maybe doing a co-op sale, it gets a little more extra complication compared to home selling out in, say, middle America, in Kansas.