Fear still rules real estate industry

Perspective: Defenses go up when new entrants come in

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

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.