The NAR Settlement Explained & How He’s Disrupting the Need for Real Estate Agents | Brad Rice E208

The Rich Somers Report

The NAR class action lawsuit will disrupt real estate as we know it, and Rich and Brad Rice dive deep into why during today’s episode, right before they switch gears to boat lending and how to create a home listing in under 5 minutes.

Rich sits down with Brad Rice - Founder and CEO of Amerifund Home Loans, a nationally recognized mortgage company and Homepie, a groundbreaking and disruptive online marketplace that enables anyone to sell their own home without paying excessive real estate commissions. During his 30-year career, Brad has scaled, owned, and operated several successful mortgage companies, an escrow company, a real estate brokerage, and real estate investment groups.

Rich and Brad discuss Rich’s Banker Hill property, The 7 Figure Creator group, the current lending space, HELOCs, what Brad is doing in the lending space, reverse mortgages, Rich’s first win in the real estate space, and why Rich and Brad do business in California. They also reflect on Rich’s idea for a San Diego Real Estate Conference, Brad’s company - Homepie, Brad’s vision for the future of real estate, and how to create house listings and agreements in only five minutes. Lastly, Rich and Brad talk about a class action lawsuit that has completely disrupted the realtor space and will force several severe NAR (National Association of Realtors) and brokerage practice changes, why Rich only works with listing agents, commercial lenders and sellers, why Rich doesn’t like people who aren’t gamers, a deep dive on Rich’s new boat, wake surfing, Brad’s private lake, Rich announces the next Somers Capital holiday party, and Brad announces the title of his podcast.

Connect with Brad on Instagram: @thebradrice

Sell Your Home with Homepie: https://homepie.com/

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Connect with Rich on Instagram: @rich_somers
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