In the Worst of 2007, I bemoaned the unending positive spin from the National Association of Realtors (NAR), the blurring of relationships in real estate, and the over-staging of properties for sale.
I consider the National Association of Exclusive Buyer’s Agents (NAEBA) to be my national professional association and the Massachusetts Association of Buyer’s Agents (MABA) as my state association. These are the groups that represent my professional interests.
I do not expect the National Association of Realtors (NAR) to be pleased at the declining market. And they are not. NAR is clear who they work for, as they say in their underwriting on NPR: “Providing brokerage service to commercial and residential property owners.” Homeowners are not happy with the market in 2008. Neither are stockholders.
Exclusive buyer agency continues to be confused with designated agency (where the listing agent and the buyer’s agent work for the same broker.) There are good and bad agents practicing both business models; my concern remains that consumers don’t know the difference. I believe it matters.
Staging and over-staging continues. Especially in homes that were underpriced for quick sale.
In 2008, not only are delinquent owners losing their homes. This year brought stories of rent-paying tenants who lost their apartments and their deposits when landlords were foreclosed on. Numbers are rising in both categories.
Those most badly hurt are those who were just making it. If you are inclined to help at this time of year, consider an anti-poverty agency. I am particularly fond of CAAS, which does tenant advocacy and eviction prevention. Think about it; there are always people worse off than you are!
Happy new year.
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