Dale Stinton, CEONational Association

Of REALTORS®

Is The Residential Real Estate

Profession Still Relevant?

By Jack Harper, Broker/OwnerJS Harper Real Estate

The MLS is absolutely critical, not only to our associations, but to each and every Realtor® as well. It is our strength and our method of providing up-to-date information and still carries the uniform offer of compensation that we have built our organization on in the first place.

Reconcile the strength of sophisticated but simple search capabilities against the consumer desire to participate deeply in and control the transaction, and you will likely see a very significant need to revamp the real estate business model.

CAPITAL MARKET STABILIZATION AND REFORMATION

•Existing Strategy: Optimize Current Lobbying/RegulatoryCapability (Altern. Fin./Cap. Sources)

•New Strategy (SCI): RPR (RVM) •New Strategy (SCI): Broker/Grassroots Involvement

Program (National Voter Files)•New Strategy (SCI): Realtors Federal Credit Union

(Altern. Fin./Cap. Sources)

(SCI) – Second Century Initiative(GC) – Game Changer Pilot

America’s Financial CrisisDetermining Collateral Value & Tracking

Performance:

A Guide to Real-Time ValueTM & Market Stabilization

By John H. McCrocklin, ALC, CRB, CCIM

In order to achieve a stable recovery for both the financial and real estate markets we must eliminate the flawed process of tracking only the financial data elements of a loan after it is underwritten and originated at a financial institution and instead expand the process to include the data elements of the underlying collateral in order to be able to rapidly assess its Real-Time Valuesm.

Failure to address this issue, and the compulsory implementation of the Real-Time Valuesm methodology on a phased-in basis, will result in a recurrence of another overwhelming and distressed financial cycle in the future which would be a third and potentially final strike against our financial and real estate markets.

CONSUMER RELATIONSHIP BUILDING

•New Strategy (SCI): HouseLogic ConsumerRelationship Website

•New Strategy (SCI): RET Radio Show (200 markets) •Existing Strategy: Public Awareness Campaign

(National Media)•New Strategy (SCI): Homeowner Auxiliary

Membership•New Strategy (GC): Heroes Welcome Home

(SCI) – Second Century Initiative(GC) – Game Changer Pilot

BROKER / AGENT SERVICES AND SOLUTIONS

•New Strategy (SCI): RPR (Analytics Including Consumer Data)•New Strategy (SCI): RPR (Risk Reduction)•New Strategy (SCI): HouseLogic (Broker Resource Center)•New Strategy (SCI): Top Level Real Estate Domain•New Strategy (GC): Rate Your Experience, Realtor® Finder•New Strategy (GC): One-Time Log-In (Single Sign On)•New Strategy (SCI): DocuSign, E-Signature•New Strategy (SCI): ePD, CommercialSource•New Strategy (SCI): Realtors Federal Credit Union (virtual)•New Strategy (PAG): Realtor University (degreed program)

(SCI) – Second Century Initiative(GC) – Game Changer Pilot

(PAG) – Presidential Advisory Group