According to Bloodhound Realty Website, The NAR has slept beneath the radar while doing a massive number of injury to the economy, the property industry, and above all, the consumer. Bloodhound Realty Website claims (this website does a great job of exposing the NAR), "It had been the NAR that lobbied for every single law and principle change that triggered the property boom, the sub-prime lending problem, the wanton bundling of fraudulent loans, the constant subsidization of the secondary mortgage market, etc. The villain behind all the villains in the fall of the National economy is the National Association of Realtors."
David Crudele of the New York Post recently mentioned: "The real house market lives by the motto: "site, place, location." Next week it'll be noted for "fraud, fraud, deception." People need the facts and the NAR is deceiving the general public all to save lots of the holy real estate commission. Crudele also reports: "The National Association of Realtors admitted (Carlsbad, NM) so it has been confirming bad figures on sales... Jeez! Tell the reality!... The Realtors aren't doing the nation any favors by sugar-coating their stats... and individuals at NAR don't be seemingly bothered by the practice."
The NAR got a public punch on the hand in 2008 from the Justice Department when the company attempted to prevent real-estate brokers without a bodily company from participating in MLS. The Justice Division had to sue the NAR allowing portable, internet-based brokers-the sort who operate from notebooks and Starbucks rather than elegant offices-to training their trade.
I do believe the NAR must be embarrassed of creating people buy that lawsuit, which (in the words of the DOJ itself) "needs NAR allowing Internet-based residential real-estate brokers to compete with traditional brokers." The Team claimed the settlement would enhance opposition in the true house brokerage industry, giving people more choice, better service, and lower commission rates. NAR is currently bound by way of a ten-year settlement to ensure it continues to adhere to certain requirements of the agreement.
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