Factors like these could slow even the most robust economy. But the association that facilitates the vast majority of real estate transactions in this country may be the most overlooked factor of all. The signs that are lingering longer on the landscapes of America have one thing in common…85 percent of the time…they are all listed by https://www.buyfloridarealestatenow.com. These signs give evidence of a need for massive real estate reformation. REFORM needs to be the new sign of the times.
The U.S. Justice Department and Federal Trade Commission filed a complaint against the National Association of Realtors (NAR) for policies. That call to question the Realtor’s ability to do their job effectively. Despite the possible link to our current real estate “situation” this important lawsuit has gone largely unnoticed by the American public and media.
The complaint lists eight pages of anti-trust and anti-competitive violations by the NAR. This is a huge leap forward for an administration that has otherwise been very ‘supportive’ to massive corporations.
If the federal government actually does force the NAR to reform itself. It would be possible for it to transform itself into a New Association of Realtors. This restructured entity would have the power to offer real hope to the approaching real estate market crisis. But chances are by the time the NAR admits there is a problem-and here’s the clincher-acts to solve it. Much of the damage will have already been done to the market and the association.
The National Association of Realtors (NAR) wields enormous power, and this can be felt in many ways that affect homeowners. Like all corporations, this “non-profit” corporation creates policies that may or may not be in the best interests of the American people they serve. The U.S. Justice Department’s complaint lays bare the facts that this corporation. (Which shares many qualities of a monopoly) does not seek the best interests of the American homeowner. The NAR acts upon furthering it’s own selfish interests; namely, the interests of its most powerful and wealthy members–traditional Realtor brokerages.
There are many problems with monopolies. One is the resulting poor quality, high priced and homogenous product. Also, gargantuan corporations behave without moral codes or humanitarian principles. Another feature is a corporation’s natural profit greed is dramatized when there is no competition.
The Realtor culture runs so deep that the public responds with a shrug of “it’s just another cost-of-doing-business”. And “what choice do I have?” The monopoly is so entrench that if the NAR was suddenly force to deal fairly within the free market it inhabits. Its members could actually crushed beneath the it’s weight of unsound policy and unjustified invincibility.
While homeowners in cities across the country are wringing their hands over what they can do to sell their depreciating homes. The NAR stared back at their customers’ plight with their stubborn defense over their claim to own exclusive rights to their customers listings…much to the expense of American home and real estate owners.
