Prior to the pandemic, NAHREP was building a world class lineup for the fall convention. I was convinced it was going to be our best ever. The goal was to create a program that would be rich with content and provided our members with an experience that would last a lifetime. While a live event is still in question, we do have Mike Ferry, Matthew Ferry, Nely Galán and Deepak Chopra confirmed. These thought leaders are some of the best content creators for mindset, sales mastery and wealth building you can find anywhere in the world. If we have to go virtual, I guarantee it will be better than anything you see today. Of course, the upside is that a virtual program has the capacity to reach more people, but the trade-off is that you lose that special energy you get when you are in a big crowd of like-minded individuals.
It is incredibly disconcerting to see how the economic effect of this pandemic has affected Latino families, but it makes me even more motivated to put an event together that will have a lasting impact on our members and network. The Coronavirus has challenged our values and prompted us all to reconsider our priorities. It has caused us to reconsider how we spend our time and where we spend our money. My guess is that the September timing for this year’s NAHREP at L’ATTITUDE convention will come when our economy is emerging out from under the ashes and we will all be ready for a jolt of inspiration and positivity. I promise that NAHREP will deliver. Check it out at NAHREP at L’ATTITUDE.
Update: Tom Ferry removed from original post
This week, in a brief to the judge of a major antitrust lawsuit known as Nosalek, the U.S. Department of Justice called for decoupling buyer and seller agent representation. If the DOJ gets what it wants, it would mean that listing agents would no longer be permitted to share their commissions with agents representing buyers, and buyers would have to pay out of pocket to have an agent represent them.
I was in D.C. on Friday for the celebration of life for my friend, Dave Stevens. Dave was a former FHA Commissioner under Barack Obama and an icon in the mortgage banking industry. I was lucky to know Dave as a good friend.
If you’re not familiar with the Sitzer class action lawsuit against the National Association of Realtors and several of the largest real estate brands, it centers on how real estate agents are compensated. The lawsuit claims that the practice of seller and buyer agent cooperation or sharing of commissions is an anti-trust violation and has resulted in inflated commissions paid by consumers. While a jury in Missouri has already sided with the plaintiffs, the judge has not rendered a final verdict.