What will it take for reputable real estate agents to abandon the NAR?

by Morgan on August 2, 2008

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You just have to watch this. Classic. Amazing how the leading trade organization for real estate sales professionals can get away with blatant lying. Hat tip hp

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bill 10 months ago 1 point
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rt

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Dan Christensen 10 months ago 1 point
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FYI...............

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randa21 10 months ago 1 point
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Mr. Beck and other 'talking heads' are contributing the the 'gloom and doom' of consumer confidence which drives the economy further down. Just imagine Mr. Beck if the 'spin' you and other 'experts' gave on the housing market were focused on the positive message that real estate is LOCAL and downturns in the market are HISTORIC about every 5 to 7 years. But then you would know that if you 'were one of those selling houses' that you warn against. If I want an expert on BS I'll call you...if you want an expert on real estate call a REALTOR.

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soberone 10 months ago 1 point
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Beck is very successful at what HE does. I can't stand him myself, but in this case he is right. And I'd hardly call a REALTOR an "expert" on real estate. Your comments for instance demonstrate your ignorance of economics, our current banking system and the federal reserve system. I suggest you do more research and when you are in command of the FACTS then by all means, call yourself an "expert"

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morganb 10 months ago 1 point
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There is no correlation between REALTOR and housing expert. Zero. Sorry. And it's not the talking heads that are causing the problem. It's folks like David Lereah who wrote books about how housing wouldn't go down. Oh wait, wasn't he the chief economist of the NAR?

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bayoucitylupita 10 months ago 1 point
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The people trying to sell these homes are not getting paid. What makes you think we would lie about something that will not benefit anybody. www.bayoucitylupita.com.

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morganb 10 months ago 1 point
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I'm not sure I follow you here? Realtors can still be paid on short-sales, REOs, etc. Can you elaborate?

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Disgusted 10 months ago 1 point
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This jerk knows nothing about the real estate market. He doesn't realize that he is part of the problem.

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soberone 10 months ago 1 point
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What do you expect??? He is a demagogue after all. But really now, are you that naive to believe that if we just ignore reality and pretend everything is rosy , it will be?
Do you honestly believe the NAR has been giving responsible advice to the consumer over the past few years?

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morganb 10 months ago 1 point
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How exactly is he part of the problem? Did he push appraisals, create neg-am loans, encourage people to buy bigger homes than they could afford with stated income? Write books about flipping homes and encourage investors to acquire properties as owner occupied? or did I miss all of that?

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Don 10 months ago 1 point
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Well, I'm not a Glenn Beck fan, so you know it's bad when I'm agree with him. This is way dues paying realtors and the general public get wary of NAR. I wish they would be more like NAMB

It's so embarrassing.

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jason 10 months ago 1 point
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First of all, Mr. Beck should learn to read. It is Realtor, not Real-a-tor. And while I don't necessarily disagree with his sentiment about the housing issues, I also firmly believe that any idiot can make someone look bad in hindsight. Possiblty it would be more impressive to me to see Mr. Beck's track record on a specific sector of the economy over a 2-3 year period. If he is that skilled and intelligent, it should show that he is always right with any of his predictions. I find that nearly impossible to imagine.

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morganb 10 months ago 1 point
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I don't think it takes an idiot to ID the idiocy that has been the housing market over the last 6-7 years.

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jvolrath 10 months ago 1 point
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While I do agree that Lereah was sometimes irresponsible in his comments, Beck stops short of providing facts to show that Lereah was wrong in his statements. Lereah says that home ownership is a great long term investment. Considering the historical appreciation of real estate and the tax advantages, I can't imagine a valid argument against that. Lereah said that 2006 was going to be the third strongest year and that 2007 was going to be the 4th strongest year in history. If I am not mistaken, both 2006 & 2007 finished in the hostorical top 6 for national sales volume. Where is Beck's facts to disprove this? The NAR commercial was completely accurate in saying that, in early 2007, interest rates were near historic lows and that prices were low and there was alot of choices. All of these statements were accurate. Yes, it is also true that the average sale price of homes has dropped nearly 15% since early 2007. But, does that necessarily mean that a buyer who bought in 2007 made a horrible decision and shouldn't have bought? That can't be said because it is too broad of a statement. The driving force behind a real estate purchase is usually on a personal level and is far more effected by local economics than national economics. The truth is that, for the last year and for probably the next 18 months or so, interest rates are still going to be near historic lows and home prices are going to be very reasonable. Selection will be high and sellers will be motivated. Isn't this the perfect time to buy a home? Do you want to wait until the real estate boom happens again and pay high prices for low selection? Get your heads out of your butt and take a look at the opportunities. Sure, things are tough but the housing market presents alot of opportunities for homeowners and investors alike.

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soberone 10 months ago 1 point
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Your optimistic point of view is commendable and I think you ought to do everything in your power to take advantage of the opportunities available in the market right now, yourself. Heck you should convince all your family and friends to invest in real estate quickly before the next boom occurs. Bet the farm! It's a great time to buy Real Estate. As far as Beck is concerned,he does not provide facts to back up his statements. It's his show and he does and says what he pleases. The whole purpose of his show is to gain power,ratings and popularity by arousing the emotions, passions, and prejudices of the people.
You and or your industry just happen to be the target of his retoric at the moment. It's not News..... it's Entertainment. In this situation he is right though.

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jvolrath 10 months ago 1 point
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You are absolutely correct about Beck's show and style. I enjoy watching his show, and others like it, because they bring up topics in a different light than traditional sources. It is his show and he can do what he pleases. My issue is not with Beck but rather with folks that use Beck's statements as facts or somehow feel that his pretty chart proves that NAR economists were purposely misleading the public. Many of the statements that Beck portrayed as misleading were actually factual and on track. Take a look at the facts yourself folks and understand that Beck is just for entertainment.

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morganb 10 months ago 1 point
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NAR has only two defenses against the argument that they didn't
mislead the public: 1) I did not have sexual relations with that woman
or 2) there were reports of WMDs in Iraq.

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Guest 10 months ago 1 point
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Gotta love Glenn Beck. These comments by Lareah went back to 2004. Guy is a moron and so is Yun. I thought Yun would have some balls and learn from Lareah, but apparantly not. Get an opinion other than the same one for the last 4 years!

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CRay 10 months ago 1 point
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...I'm not much of a fan of Glenn Beck, but this time - he's smack on target.

The NAR commercials and their realtors is like asking plumbers for a root canal nowadays ...

If they have so much experience, why are 50% of the realtors today losing their homes.? -- these are the very last people I would be asking for any advice.

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