In this episode, Shane and Alex discuss the recent NAR settlements and how they will impact the real estate industry. They clarify that NAR's rules previously required a commission to be paid when using a licensed realtor, but the actual amount was not set. They express their opinions on the settlements and the potential changes they will bring. They also discuss the low barrier to entry in the real estate industry and the need for further testing and education. They highlight the importance of building a strong personal brand and utilizing social media to connect with clients. Overall, they are excited about the settlements and see them as an opportunity to grab market share.

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This week Shane and Alex meet with JB Andreassi, a native of the Hamptons, to discusses his experience growing up in the area and the different towns within the Hamptons. He talks about each town's unique culture and characteristics, from Southampton and East Hampton being popular with celebrities to Sag Harbor's boating and whaling community.

JB also dives into the seasonal nature of the Hamptons, with businesses and restaurants being busiest during the summer months. Comparing the Hamptons to other coastal areas, such as Long Beach Island and Wilmington, and discussing the unique local real estate market. In this conversation, JB discusses the real estate industry in the Hamptons and the shift in buying patterns. He mentions that historically, the busy time for sales is in the back half of Q1, with people wanting to buy or go into contract by March. However, there has been a shift in recent years, with more people looking to purchase in Q4 of the calendar year.

We also talk about the emergence of newer brokerages in the Hamptons and the challenges they face in a market dominated by big brand names. He shares his experience with Compass Real Estate and the benefits of being part of a larger firm. The conversation concludes with a discussion about ideal weekend getaways, with JB expressing his preference for Portugal and the opportunity to build a modern house on the cliffs overlooking the water.

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In this weeks mini episode, Shane and Alex dive into the topic of commissions in real estate transactions. We compare the commission structures in Florida and North Carolina, as well as the differences in due diligence deposits and escrow deposits while in "inspection periods".

Within this weeks episode we start to also explore the question of whether agents should be compensated for their time and effort if a buyer backs out of a deal. Sparking a hot topic conversation touching on the importance of value and the potential use of retainers in the real estate industry.

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