Recessions change businesses, forcing them to cut costs, change philosophies, or alter their structures to stay afloat. Often this means acquiring, merging, or cooperating with other companies to remain viable.
Top tech tools & services developed by NAR in the past 5 years
Realtors Property Resource™ (narrpr.com): a national database of assessor, recorder, and mortgage data, MLS content, foreclosure information, demographics, neighborhood data, and more.
Second Century Ventures (secondcenturyventures.com): a venture capital fund focused on promoting innovation (particularly new technologies) in the real estate industry.
Blogs & social media, including 34 separate Facebook pages for individual association audiences, 13 blogs, and Twitter feeds.
Mergers aren’t for everyone. Often there’s no overarching reason or desire to merge, but there is a middle ground. I’d bet any association could find at least one program, service, or event that would benefit from collaboration with another REALTOR® association.
• The Arkansas Association of REALTORS® in January appointed Mark G. Marchand as its new chief executive officer, replacing Andy Schaus. Marchand moved from the Pacific Southwest Association of REALTORS® and was replaced by Richard J. D’Ascoli.
• The Charlottesville Area Association of REALTORS® in September welcomed Anne Gardner, RCE, CAE, as the local association’s new chief executive officer. Gardner replaces Dave Phillips, who left in August to take over as executive vice president of the Pennsylvania Association of REALTORS®.
An administrative law judge ruled that a broker acted in bad faith by registering two domain names, listonrealtor.com and listitonrealtor.com, and ordered the names transferred to NAR.
The popular business magazine SmartMoney named NAR CEO Dale Stinton to its annual Power 30 feature of the “World’s Most Influential Players.” The magazine recognized Stinton for keeping the country’s largest professional trade association “on the offensive” while real estate was struggling to recover from the mortgage crisis.