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Tuesday, May 7, 2024   /   by Nick Waldner

What You Need to Know About the NAR Settlement

The NAR settlement will affect your transaction and net profit.

Recently, there's been a lot of buzz around the NAR settlement and its potential impact on the real estate industry. Let's break it down.

First things first, contrary to some claims, President Biden's announcement that everyone will save $10,000 when buying real estate isn't accurate. The reality is that this settlement is poised to shake up how real estate commissions work.

In the past, when purchasing a property, buyers had to consider several hefty costs: the down payment, lender fees, title fees, and realtor fees. These fees often amounted to a substantial out-of-pocket expense for buyers. Sellers would sweeten the deal by offering to cover a portion of these costs to attract buyers, effectively reducing the buyer's cash burden.
However, this practice evolved into a system where the seller paid commissions on both the buying and selling side. This meant buyers could enter transactions with less cash upfro ...

  real estate

Friday, March 8, 2024   /   by Nick Waldner

The Secret Ingredient to Leadership Success: Recognition

How regular recognition can revolutionize your leadership style.

While reading a book about leadership, I stumbled upon a profound insight that resonated deeply with me—many leaders fail to recognize and appreciate their team members enough. This realization struck a chord, highlighting an essential element of leadership: recognition. Your business, family, or team's growth is intricately linked to your growth as a leader and how well you acknowledge the contributions of those around you.

Recognition plays a pivotal role in motivating individuals. During a recent team meeting, I asked my team to identify the three most important people among us and explain why in one sentence. This exercise not only fostered a sense of appreciation among team members but also highlighted the positive impact of recognition. For example, hearing a colleague publicly acknowledge your positive attributes, such as always showing up with a smile and readiness to help, can significantly boost ...

  real estate, economic insights

Friday, March 1, 2024   /   by Nick Waldner

Master Your Mind: A Lesson from Indian Wisdom on Choosing Positivity

An old tale of two wolves gives us insight into nurturing your mind.

Today, we're going to talk about an old Indian wise man’s tale. The story revolves around the concept of two wolves residing within each individual—a good wolf propelling us forward and aiding growth and a bad wolf tempting us towards negative paths and poor decisions.

As the wise elder addressed the intrigued young minds, they asked: "Which wolf wins?" The answer was: "The one you feed." This simple yet profound response carries a powerful message about the choices we make in nurturing our thoughts and emotions.

Imagine your mind as an open container, impartial and non-judgmental, ready to absorb whatever you pour into it. It doesn't differentiate between right and wrong; it merely reflects the content it receives. So, what are you feeding your mental container?
"A good wolf propels us forward and aids growth, and a bad wolf tempts us toward negative paths."

Consider the analogy of a news d ...

  real estate, home selling, nome buying, economic insights

Monday, February 19, 2024   /   by Nick Waldner

How Women are Redefining Success in the Modern Era

Defining the transformative power of women’s influence on the 21st century.

The 20th century was defined by a command and control approach to leadership. It was an era where decisions were top-down, and authority was seldom questioned. However, as we stepped into the 21st century, there has been a paradigm shift in what defines strength in leadership. Today, it's about communication, empathy, building relationships, being open, and sharing values. The focus has shifted from commanding to connecting, marking the 21st century as the era of women.

Women are now recognized as central to driving the global economy. They influence 85% of all purchasing decisions and are poised to inherit two-thirds of all wealth due to demographic shifts. Despite this, 91% of women feel that advertisers fail to understand them, highlighting a significant gap and opportunity in the market. This mismatch between women's economic power and the market's recognition of their needs underscores the im ...

  real estate

Thursday, February 8, 2024   /   by Nick Waldner

Lead With Impact: Mastering the Art of Leading by Example

Transform your leadership style and unleash your team's potential.

Leadership is a timeless topic that often hinges on one fundamental principle: leading by example. Though widely acknowledged, this principle is frequently neglected or misunderstood in practice. Today, we delve into why leading by example stands as perhaps the most violated yet profoundly impactful principle in leadership.

As a species, we learn through mimicking others. Consider how you learned to speak before you could read and how accents vary based on your upbringing. 98% of our behavior is learned through the tribe, the people we spend the most time with. This is why the five people you spend the most time with matter—they influence your behavior, especially the alpha figure.

We're not a "monkey say, monkey do" species; rather, we're "monkey see, monkey do."

Deep down, we want to be accepted by the alpha because, in ancient times, being cast out from the tribe meant certain death. Therefore ...

  real estate, home selling