NAR comes out swinging

In response to today’s Consumer Federation of America’s report lambasting the real estate industry, the National Association of Realtors releases a statement that fills me with great pride:

America’s real estate industry is one of the most competitive business environments in the world, characterized by low barriers to entry, …

Is this really something that we should be proclaiming as a positive? Dammit. Thanks to Inman for the quote. Thanks to NAR for defending the profession. “It’s really competitive – anybody can do it!” (My quote)

The authors, although misguided in some ways (it seems they wrote the title – “How the Real Estate Cartel Harms Consumers and How Consumers Can Protect Themselves,” and then wrote their report), make some very valid points.

There will likely be some discussion in the next day or so about this report … one question:

Do all brokers offer services of exactly equal value?  Should novice brokers who have just received their license routinely charge the same prices of highly skilled brokers who have been practicing for decades?

No.

More analysis to come.

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2 Comments

  1. Ray Hyde June 21, 2006 at 00:02

    You need not be so defensive. Anyone can start in the profession, but not everyone succeeds.

    Congratulations.

  2. Jim Duncan June 21, 2006 at 10:40

    Congratulations?

    The report raises several valid points and several which can be easily debunked. My ire is raised mainly by the NAR’s response touting how easy it is to become a Realtor. To be successful (and not get sued), one has to work hard, smart, diligently and develop and nurture relationships.

    In my opinion, the good works of many are devalued by the ease of which one can gain one’s license. Constant education is another aspect that is not given enough value among many.