Buying & Selling: Is The NAR Near Extinction?

Inman News has collected the best comments from a previous discussion on the NAR-DOJ lawsuit. The comments span the gamut of opinion, with some saying that it will be the end of real estate listings as we know them, while others say that the DOJ's corner on the market will win in the end.

I take a balanced approach on this issue. It's my firm belief that the NAR's control of listings has hampered the ability of consumers to take full control of the real estate transaction--undoubtedly one of the most important financial moves they will make in their lives. Opening the lists will give FSBOs, Web brokers, and discount services a chance to show their mettle, and force the NAR to compete on a truly level playing field. That's what really scares the institution of the Realtors(tm)--once the curtain's pulled back, buyers and sellers alike will see how little most realtors actually DO for the transaction.

There's no question that the NAR is shook by the changes of the industry. The smart ones will adapt and change with the times, while the others will simply die on the vine.

Market performance determining success....who could've dreamed such a thing?

Posted at February 19, 2007 06:13 PM

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Inman News has collected the best comments from a previous discussion on the NAR-DOJ lawsuit. The comments span the gamut of opinion, with some saying that it will be the end of real estate listings as we know them, while others say that the DOJ's corner on the market will win in the end. I take a balanced approach on this issue. It's my firm belief that the NAR's control of listings has hampered the ability of consumers to take full control of the real estate transaction--undoubtedly one of the most important financial moves they will make in their lives. Opening the lists will give FSBOs, Web brokers, and discount services a chance to show their mettle, and force the NAR to compete on a truly level playing field. That's what really scares the institution of the Realtors(tm)--once the curtain's pulled back, buyers and sellers alike will see how little most realtors actually DO for the transaction. There's no question that the NAR is shook by the changes of the industry. The smart ones will adapt and change with the times, while the others will simply die on the vine. Market performance determining success....who could've dreamed such a thing?