Welcome to this episode of The Chat, brought to you by Real Estate Today!Today, we’re sitting down with Kristen Porter, CEO of O'NO Legal. Join us as we dive into the major changes reshaping the industry in 2025. From the exodus of legacy agents and increasing regulatory pressures to the challenges property managers face in keeping up with evolving legislation, we explore the forces driving transformation. We also tackle the ins and outs of starting and structuring a business, the impact of technology on entrepreneurship, and the complexities of business partnerships—what to consider before entering one and how to handle a breakdown. Plus, we discuss alternative options to selling your business and how to navigate that conversation with your team. To wrap things up, we take a closer look at what O'NO Legal offers to industry professionals. Whether you're a seasoned agent, an aspiring entrepreneur, or a business owner contemplating your next move, this episode is packed with valuable insights to help you stay ahead.00:52 – Why legacy agents are leaving the industry in 202501:46 – The real reasons behind the mass exodus from real estate02:46 – Is the industry becoming too overregulated?03:30 – How Property Managers can keep up with constant legislative changes04:35 – Thinking of starting a business? Here’s how to set it up the right way06:15 – How technology has made launching a business easier than ever06:56 – The key considerations when starting a business with a partner08:25 – What to do when a business partnership falls apart09:00 – Why you shouldn’t give away too much of your business too soon11:50 – Alternatives to selling your business: What are your options?13:50 – How to navigate the conversation with your team about selling the business16:30 – What O'NO Legal can do for you

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