008 - NAR Commission Lawsuit, 0% Down Payment House Loans, & Start Using Marco Polo
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008 - NAR Commission Lawsuit, 0% Down Payment House Loans, & Start Using Marco Polo
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Summary
In this episode of the Midwest Invest Report, Kyle Reedstrom discusses the controversy surrounding real estate agent commission and the importance of offering buyer agent commission. He shares a story about a listing that didn't sell due to the lack of buyer agent commission. Kyle then explains the zero down payment housing program in North Dakota, highlighting the income requirements and benefits of the program. He concludes the episode by recommending the app Marco Polo as a tool for improved communication.
Takeaways
- Offering buyer agent commission is a crucial strategy to attract more attention to a property and increase the chances of a successful sale.
- The zero down payment housing program in North Dakota provides assistance to low-income buyers, allowing them to purchase a home without a down payment.
- The program forgives the assistance loan over time, making it a beneficial option for first-time buyers and real estate investors.
- The app Marco Polo can enhance communication by allowing users to send video messages, improving the human aspect of interactions.