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Podcast: The Tom Toole Sales Group Podcast
Episode: Breaking Down Biden's Housing Settlement & Powell's Insights - Tom's Take 368
Description: Last week, Jerome Powell and President Biden addressed critical housing issues. Let's unpack it all. 👀
President Biden discussed a $418 million settlement, pending changes set for mid-July. Notably, compensation offers will be removed from the MLS, and buyers must sign contracts before touring homes. 🏡
However, Biden's claim of newfound commission negotiation rights is inaccurate. Commissions have always been negotiable. ❌
Meanwhile, Jerome Powell highlighted subdued housing activity due to higher rates, suggesting stable rates in the near future. 📈
With these changes, it's crucial to understand the financial implications. Whether buying or selling, discuss costs and monthly payments with your real estate agent. Transparenc...