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Tech with Ty
Surround Yourself with Greatness
š¤[T]echnology: ChatGPT Tasks!
š [E]ducation/Entertainment: Damn the DOJ
šŖ[C]oaching: Surround Yourself with Greatness
š¹ [H]ow To: Find the Right Fit
[T]echnology:
And just like that, ChatGPT just launched Tasks! ā¬ļø
Iāve had the opportunity to test this one, and the first time (within an hour of it launching) it failedā¦Iāll chalk this up to the servers getting bombarded, but now I will get a weekly email summarizing all the new AI news - super cool!
Thatās an elementary example of what Tasks can doā¦but like everything else, I want to push it to the limit.
So, I started thinking about contract timelines and transaction managementā¦
Could this take over the role of a contract coordinator?
Yes (but not yet).
Right now, you donāt have the ability to upload documents, so I strategically copied and pasted the clauses that I wanted reminders on, and hot damn Bobby, it set up desktop notifications that will remind me the day these are due and was able to create a very detailed contract timeline that I could easily share. š
Iām sure in the future youāll be able to program this to send your clients, the lender, and the other agent these reminders and the timeline, but in the meantime, itās an excellent chance for you to dive into tasks just to understand what it is capable of!
[E]ducation:
Ah, the saga continuesā¦ šļøāļø The National Association of Realtors (NAR) vs. the Department of Justice (DOJ). The Supreme Court just refused to hear NARās appeal, and things are heating up. š„
Hereās the dealā¦
The Supreme Court declined NARās request to block the DOJās antitrust investigation into their policies.
No explanation. No comments. Just a flat-out "no." š«
This keeps the lower courtās ruling in place, giving the DOJ the green light š¢ to continue digging into NARās now-defunct Participation Rule and current Clear Cooperation Policy (CCP).
Fun fact: š This investigation started in 2018, got closed in 2020 as part of a settlement, and then the DOJ hit "restart"š in 2021.
NARās not thrilled. š¤ They argue reopening the case breaks the 2020 agreement and sets a dangerous precedent. Meanwhile, the DOJ claims the deal didnāt prevent a second look and insists the CCP stifles competition. š¤
Now, NAR must comply with DOJ subpoenas š, but the fight isnāt over. They can still push back on specific requestsālike depositions or document demandsāif theyāre too broad.
Looking ahead, politics could play a role š³ļø, as a new administration might shift the DOJās priorities. But donāt hold your breath. Experts say this legal battle is far from over, and a resolution isnāt likely anytime soon.
What does this mean for you?
If the DOJ wins, big changes could be coming for real estate commissions š° and cooperation policies. Itās a waiting game ā³ for now, but Iāll keep you posted!
Disclaimer: This is just my take on whatās happening. If youāre looking for legal advice, Iām probably not your guy. š
[C]oaching:
One of the things Iām most proud of at my company is the culture. š Iāve said time and time again that Iād love to take credit for even 10% of it, but honestlyāitās happened organically.
Donāt get me wrongāwe donāt hire everyone š, but we want everyone to know weāre hiring. š¢ I think that approach has helped us build and maintain a culture of greatness and success. š
Our average agent earns well over $100k every year. šµš¼
Do we provide the best technology, training, and tools in the business?
Absolutely. ā
But thereās an X factor that you just canāt quantify. āØ
Hereās a quick example:
No one asked Tim to post that in our office hub, but hell yeah it inspired me!
Iāve been trying for years to identify that X factorā¦but today, I copied the exact text from above, and this was ChatGPTās response:
That is indeed powerfulā¦surround yourself with greatness!
[H]ow To: With Abby
How Do You Know Youāre in the Right Brokerage?
Iāll try to be as unbiased as possible (I obviously think ours is the best).
Even though I believe my brokerage is great, Iāll admit it isnāt the right fit for everyone. So, what should you be paying attention to when deciding where to hang your license? š
Hereās my listāranked in order of importance (at least to me).
1. The People š
If you dread attending brokerage events or feel awkward around your colleagues, it might not be the right fit. People make or break any job. Even if you love the work, youāll be miserable if the people around you arenāt those you enjoy spending time with.
In real estate, where itās easy to feel isolated, having people to collaborate withāor even just vent toāis essential. Do you feel included? Comfortable? If not, it may be time to rethink your brokerage.
2. Money š¤
Money ranks second for me. While some prioritize money above all, Iām one of the few who values happiness over income. That said, compensation is still important.
Do you think your split is fair? Are your fees providing valuable support? What about leads? Experienced agents often generate their own business, but newer agents may need more help. Some brokerages provide leads, relocation departments, or tools like floor time to boost businessāthough nothing comes free.
3. Support š¤
Support is critical. Does your brokerage offer up-to-date technology? Do you have access to professional office spaces for collaboration, productivity, and client meetings?
What about admin assistance? Staff support helps agents focus on selling rather than paperwork. Is mentorship available? Learning from experienced professionals will help with your growth, and strong management provides leadership, strategic guidance, and solutions when you run into trouble.
Beyond day-to-day, think about events. Great brokerages prioritize personal interaction through classes, collaboration groups, and networking opportunities. In my role supporting agents, I aim to offer at least 2ā3 CE classes per month, along with fun events, to promote both education and a sense of community. Does your brokerage offer what you need to feel supported?
4. Vibes āØ
Yes, Iām Gen Zāof course vibes matter. While this goes hand and hand with "people," here Iām talking about culture.
If I had to describe my brokerageās culture in one word, itād be "relaxed" or ālaid back.ā That works for me (and many others), but itās not for everyone. Some prefer a professional, corporate atmosphere where people wear suits and talk sales non-stop. Personally, that makes me want to pukeābut the right vibe depends on what makes you thrive.
We have had people come to us purely because they loved how laid back everything was, and we have had people leave us for the same reason. When you are a fit you are a fit. I also believe if it aināt broke donāt fix it. If you love where you are at, maybe focus on other areas of your business to improve.
-Ty Morton + Abby G