Since NAR and the local Realtor Associations have been unfairly picking on “the media” and blaming it for the current state of the real estate market, I don’t have a lot of great things to say about these organizations. With yesterday’s news that NAR has decided to provide $10 million and up to $5 million more to start a credit union, I have an even less positive view of them.
I am a member of these organizations because I am a real estate professional and value some of what they do for the industry - ok, in San Diego, I have to be a member to have access to the MLS - or I wouldn’t be a member. I certainly do not want to be a part of a NAR Credit Union (I already have bank accounts and am a member of another credit union) - and have a hard time thinking that part of my (very high) dues are going to pay for this. In my opinion, NAR is not doing a very good job of what it should be doing - helping it’s members (Realtors) provide the public with the best possible information relating to any type of real estate transaction. Until they get a better handle on that major challenge, they should not be spending their time or our money (even thinking about) getting into other types of businesses.
What is your opinion?
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