➡ The real estate market is expected to change drastically due to a recent lawsuit settlement by the National Association of Realtors. Starting July 1, listing agents will no longer have to include a buyer’s agent commission, which could lead to buyers negotiating lower prices and avoiding agent fees. This change could result in more people listing their homes themselves and potentially lower house prices. Additionally, the importance of mortgage brokers may increase as more people get pre-approved for mortgages and navigate the market independently.
➡ This text talks about several issues. First, it discusses how electric vehicles (EVs) might not be as eco-friendly as we think. Then, it mentions a company called Tyson Foods, which laid off many workers in a small town and plans to hire migrants instead. The text also highlights the financial struggles of many Americans, with a large percentage having no retirement savings. It mentions the bankruptcy of a shipping company and the poor performance of domestic shipping companies. Lastly, it talks about rising crime rates at Berkeley, leading parents to hire private security for their college kids.

Hey, it’s Dan. Welcome back. This is I allegedly, and I have a good one for you today, because as long as you’re not a real estate agent, you’re having a great day. Look at this beautiful weather. It’s absolutely perfect. But real estate agents are done. Finished. The real estate market is going to absolutely collapse over the course of the next few months. We’re going to cover all this, but let’s get right into it.

First things first, guys. The National association of Realtors settled their lawsuit for over $400 million yesterday. What this means is something very important to understand how real estate and the transactions are going to change dramatically between now and July 1 when these new terms go into effect. Normally, when you would buy a house, a listing agent would put along a percentage that they would pay the buyer’s agent.

That is done. That is absolutely done. As of July 1, they do not have to put a buyer’s agents commission on this. Now, you can sit there, and I’ve had realtors already write me and say, don’t get confused. All they’re going to do is make the buyers pay these fees. You’re out of your mind. You’re out of your mind. I looked at a house yesterday and think about this.

House was $1. 1 million under market, and they have a listing agent’s fee of 3%. They’ve got a buyer’s agent fee of 3%. I don’t have a buyer’s agent. I don’t need it. Okay, so that is my negotiating power problem with this is that come July 1, they don’t have to list that fee. Do you think I would pay this person $33,000 to sit there and unlock a front door for something that I’m already pre qualified for? No, it’s insane.

It’s not going to happen. But what you’re going to see is you’re going to see portals get invented between now and July, where you’re going to be able to list your house and be able to sell your house for a fraction of the cost of what it is right now. I spoke with my real estate wholesaler, buddy Drayton a out of Las Vegas this morning, and Drayton A is like, dan, you’re going to see more people use the multiple listing service themselves and pay the $299 fee to list the house themselves and pay zero commission right now.

So what this is going to do is drive the price of houses down. You can say I’m wrong. You can tell me, oh, you’re out of your mind. It’s going to bring the prices up. No way. No flipping way. This is going to dramatically change everything as we know it moving forward. I’m at the montage. It’s absolutely beautiful this morning in Laguna beach. But think about this. You’re going to have listings right now that have a buyer’s agent commission on there, and you’re going to see sellers cancel these.

Why would we want to pay an extra 3% on our $1. 5 million house? Why would we want to give away an extra 45,000? We can wait till July 1 to sell our house. We don’t need to sell it right now. You’re going to see that. And you’re also going to see people that are just not going to pay these fees. They’re going to negotiate it. And I have real estate agents that are writing me, saying, oh, Dan, for me to show your house, you’re going to have to sign an exclusivity agreement that if you ever buy that house and I unlock the front door, you’re going to pay me my commission out of your pocket.

People are going to revolt and say, no, I’m not going to pay this because there will be some people stupid enough to do this. There are people right now that agents right now that have not disclosed these fees to the buyers are going to escrow two and three days before the close of escrow and saying, hey, you need to add my commission in as cash needed by the buyer.

And this happened. Somebody sent me a TikTok on a $300,000 house where the woman wanted nine grand added to escrow because that was her commission. Guys, it’s just a matter of time, okay? If this is going to be negotiated and you’re going to see nothing but problems with this moving forward. Now, best part is you have markets like Texas, where there are a tremendous amount of houses that are available right now for sale.

And with that, the market is flooded right now. Go to Florida, Drayton A. Dan, it is insane. We haven’t seen this in well over a decade, since the last real estate downturn that you have over 200,000 houses for sale right now in Florida alone. If you cannot get a deal because people start trying to get as much as they can for their houses, it’s just a matter of time.

Not everybody can hang on forever, guys. Not everybody can hang on forever. But this change in the real estate market is going to dramatically change everything. Again, you real estate agents that are saying, no, this is going to make it more powerful and us more important, no, it’s not the most important person in a real estate transaction moving forward. And I wrote my mortgage broker and said, congratulations, you just got a raise.

And you became the most important person in the real estate transaction. Is a mortgage broker. The mortgage broker. Because think about this. I’m pre approved. I can go look at houses all I want. Okay, well, once you get that pre approval letter and you can walk around, you can contact any agent. And if they start playing games, hey, listen, we need a commitment. We need to know who your buyer’s agent is.

That’s done. You’re not going to see that be a problem moving forward, guys. The finished, absolutely finished, guys, because you’re going to see more and more people get pre approved for their mortgage and they’re going to have the power and they won’t need to pay a buyer’s agent anymore. You won’t have that. You will have more services that will be created during this time that will make it so that you don’t need to deal with an know.

And I get agents that write me letters and say, oh, my gosh, Dan, I met the inspector for the inspection. I unlocked the door for the fence guy. I unlocked the door for the termite inspector. I mean, come on, guys, you unlock the door a few times and you think that’s worth $45,000? It’s insane. It’s absolutely insane. That’s why you’re still going to see individual agents get sued as a result of this.

Right now. That’s going to happen, guys. That’s going to happen. So correct me if I’m wrong, guys, correct me if I’m wrong, because I think that this is going to drive the prices down the condo market in Florida. Drayton brought up such a great point. As of 2025, the condos have to be in compliance in such a way that these assessments that they’re hitting condo owners with are going to go through the roof.

Anything over three stories has to be in compliance for safety. And they are charging these retirees and people that bought their condos 15 and 20 years ago assessments of $70,000. You’re seeing HoA fee goes from a few hundred dollars to one $800 a month. People cannot afford this on fixed incomes. You’re going to see the price of these condos drop dramatically. It’s going to drop through the floor.

So let me know, guys, correct me if I’m wrong on this stuff, because you haven’t seen anything yet. You haven’t seen anything. It’s funny, there has been a lot of talk about EV cars in the last year about how great they are. But then the story is starting to fall apart. Hertz just let their CEO go after two years. Stephen sure and Mr. Sure went out and bought 100,000 EV cars for Hertz.

And this guy, man, he doubled down after he bought the first 20,000 cars. He bought another 20,000 cars and just thought that this was going to be the game changer for Hertz. And it is not. It has been an absolute disaster for Hertz. And then Elon Musk, to keep sales going, lowered the price of EV cars and they fell through the roof. If you want to buy the cheapest EV car right now, that would be a Hertz.

Tesla used Tesla right now, that would be the way to go because I have seen these as low as $13,000 online for these cars. So big mistake. They’ve cost so much money. Some of these cars. Think about this. Some of these cars cost more to fix than they did to buy them in the first place. And this guy, again, just looks like a complete SAP. And this guy spent years at Goldman Sachs and was not a stupid man, but he just doubled down on EV cars thinking this was going to be the thing that was going to completely revolutionize the company.

Oh, and it revolutionized it. It made it so that people were stranded. People were know, minor fender benders and the cars wouldn’t run. Real problems. Now, Dr. Marvin sent me a great story about how you get more pollutants in the air and in the atmosphere from an EV car than you do from a regular combustible engine car when you add everything up. Oh, how can that be, Dan? It’s free to run an electric car.

You just plug it in and there’s no energy use. Not the case, guys. Read the story below. But you’re going to see more and more things like this come about over the course of the next few months. Will some of these car companies survive? Polestar was a company that’s backed by the Chinese. They’re talking about problems with them. I had a story sent to me about Tyson Foods.

And this is wild, guys. Think about this. Tyson Foods laid off almost 1300 people in a small town of 1600, where everybody that works there works at the Tyson plant. That lives there works at the Tyson plant, the majority. So town is completely devastated. But Tyson announces that we’re going to hire all these migrants, 52,000 migrants, to come work for us. So if this was the master plan to begin with, to bring people in from out of the country and pay them $8 a day and do this.

Okay, mission accomplished. But this is horrible because you’re taking Americans and you’re taking people that live here and their jobs are destroyed. So people hate knowing that somebody’s getting a freebie and somebody’s cutting the line and not doing what they’re supposed to do. I have met so many people in restaurants and in stores. My wife and I have been waiting for her to get her citizenship for eight years now.

And there’s people that just stumble across that are now getting jobs at Tyson Foods. So how does that make you guys feel? I think it’s ridiculous myself. But let me know, guys. Let me know. We have talked about people being broke time and again, and that people have no money. Think about this figure. 28% of the people here in the United States alone have zero money saved for retirement.

Zero. Nothing. Not a dime, not $5, nothing. 38%. An additional 38% have a retirement account that they don’t contribute to. So, okay, what does that mean? You have an IRA. Four hundred and one k. And it’s just sitting there dormant. And it’s got the first $500 you ever put into it. That’s crazy. And then the next thing is there’s another nationwide shipping company. Nationwide shipping cargo company. They’re done.

Went and filed bankruptcy. Got this out of freightways news. And think about this. They came out and just said, listen, there’s no money. If you’re an unsecured creditor, you’re not getting a dime. You’re getting nothing. So the hope that this bankruptcy is going to get people dough is not going to happen. They’re going to get zero out of our bankruptcy. That’s how bad the company is. We kept thinking we were going to have funding.

There is no funding. There is no money. We’re not going to survive. And as a result of that, our bankruptcy is going to net these people nothing. Not a again, you know, Bob Kudla always talks about how the shipping companies are great investments. But I had to reach out to him, and he says, dan, it’s international shipping. People shipping things globally. Those people are doing good. People that are shipping domestically, no, they’re not doing good at all.

And FedEx is not doing good. UPS is not good. And the postal service is off, too. They had the lowest Christmas packages and Christmas card deliveries that they’ve had in decades. Isn’t that crazy to think about? I mean, it was off that much because nobody has any money, and nobody’s shipping and business is not the same as it was years ago. So let me know again, if you guys have anything safe for retirement, you’re ahead of the game.

You’re ahead of the game. And you want to do yourself a favor, guys, get yourself out of debt. Get yourself out of debt, because then whatever you make is your money. And some people sit there and say, you got to have a car payment, you got to have your house payment, you got to have certain things. Yes and no. Okay. Get yourself to a point that it’s a minimal amount of money to live on every month.

I’m telling you, that’s the key to success and to happiness and moving forward. I’m going to finish this video with these last couple of stories. First things first, we got a one two punch when it came to economic news to finish the week out. And one thing that we’ve talked about, and this channel has talked about for two years is the impending recession that I believe we are living through every flipping day.

And people saying, oh, no, it’s not going to happen. It’s going to be put off. Okay, so first things first. Producer price index went up dramatically. That is the wholesale prices of what it costs to manufacture goods and services. This is not good. And then you add the right cross, which is retail sales are off right now, guys, because people are not spending money the way that they did six months ago.

It is that simple. It’s that simple. This is a bad, bad way of looking at things. And again, when you read the article out of Fortune, it really does explain it in great detail about how you have to look at this and take this seriously, because they can lie to us. They can tell us that the job numbers are great, that nobody’s getting laid off, nobody’s unemployed, everybody’s got a great business.

And then you see trucking companies go out of business, and you see companies that are laying people off at a record pace. You see things like that happening time and again. No, it’s done. Final thing that blew me away was there was a group of parents that their kids go to Berkeley, college kids, and they wanted to do something about the increase in crime. So they hired their own private security to the tune of $40,000.

And they’ve hired security to walk the campus, protect their kids, be around their dorms and things like that. Think about how crazy that is. I have a kid in college right now, and for me to sit there and is it safe? Are you worried? You’ve got your roommates and all that stuff, but to sit there and to have these six parents put together $40,000 for private security is nuts.

But that’s the sign of the times. And you can sit there and say, oh, berkeley’s nuts. Berkeley is insane. They’re leftists, criminals and they don’t care about this. No, you don’t want to live in a world where people get robbed or people have to worry about their safety on a moment’s notice or daily basis. That’s got to change. So please don’t forget to hit the like button. Please don’t forget to subscribe to the channel.

And a lot of cool things happening. Don’t forget to sign up for the email list, guys, because one is going out in the next two days and you don’t want to miss that. I appreciate all the stuff you guys send me. And we’re going to set up an all star panel of all these people that send me things like Dr. Marvin, Don and everybody else. It’s crazy. And people have sent me things to investigate, which I have, and I can’t wait to share that stuff.

But I appreciate everything that you guys send me. Okay, onward and upward, guys. See you very soon and can’t wait to move forward in March. .

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