On Nov. 6, at roughly 3:15 p.m. Eastern Standard Time, the National Association of Realtors declared war on the rest of the real estate industry. To be fair, NAR probably did not realize that it did so. Judging by the initial responses, it doesn’t appear to me that most people see what I saw. But, probably because of my twisted nature and my penchant for focusing on the dark side of human nature, I am predicting nothing short of civil war in the real estate industry going forward unless Realtors Property Resource (or RPR) in its current form is immediately scrapped.
What brings forth such hyperbole?
RPR, or Realtors Property Resource, was a project shrouded in secrecy. Brian Larson’s post of October 19th, 2009 is a pretty good pre-unveiling summary of the questions and concerns around RPR.