Fear still rules real estate industry

Perspective: Defenses go up when new entrants come in

At the 2003 National Association of Realtors annual convention in San Francisco, an industry trade publication showed a spoof video that morphed media mogul Barry Diller’s face into Saddam Hussein.

The video was intended to be humorous, but it speaks to the recurring theme of fear when a new entrant comes into the real estate industry.