60 minutes debates an empty chair

Real Estate Agent with RE/MAX Shoreline New Hampshire & Maine

Just received the following from NAR regarding the recent 60 minutes segment about Realtors and our industry. 

"The NATIONAL ASSOCIATION OF REALTORS® issued the following response to a May 13 segment of 60 Minutes on real estate competition. The full response is posted on REALTOR.org.

CBS News Magazine Misses the Mark

In the world of political campaigns, it's a standard ploy to set the stage with an empty chair when one candidate refuses to debate his opponents.

The CBS show 60 Minutes gave the NATIONAL ASSOCIATION OF REALTORS® the empty chair treatment in a May 13 segment that examined the impact of online brokerages on the real estate industry. The show featured interviews with a representative from the now-defunct eRealty and the president and CEO of Redfin, but no one from NAR, even though NAR twice offered and prepared association spokespersons for interviews with Leslie Stahl. It was CBS that made the decision it would rather interview our opponents and let them make unanswered -- and inaccurate and unfair -- accusations about REALTORS® and NAR policies."

Read the whole response at Realtor.org 

Posted by

Jim Lee , REALTOR®, Certified Residential Specialist (CRS)

http://JimLee.com  RE/MAX Shoreline

100 Market St., Suite #200, , Portsmouth, NH 03801 Phone: (603) 431-1111 x3801

Visit New Hampshire Maine Real Estate.com to search homes, get Seacoast area information, and find out how great living on the New Hampshire and southern Maine Seacoast really is.


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Michael Trinchitella
Putnam, Westchester Real Estate - Mahopac, NY
Putnam Westchester Real Estate
Good post, Lonn wrote a letter to Ms. Stahl, check out his post: http://activerain.com/blogsview/98204/Responding-to-6-Minutes
May 14, 2007 09:07 AM #1
Joan Snodgrass
Midamerica Referral Network - Kimberling City, MO
Not much new there, Jim.  Same old, same old.  If it bleeds it leads, and if it isn't bleeding enough, let's push harder to see if we can churn up some REAL blood!  This was typical of most "in depth" reporting the drive-by media does - that is, when they aren't interviewing each other or reporting polls as news.
May 14, 2007 09:10 AM #2
Nick and Joslyn Solomon
Century 21 Moline Realty - Cambridge, MN
The Solomon Team - Century 21 Moline Realty, Inc.

This is so frustrating!  I missed the show, but have been reading about it.  I wonder if I can see it online anywhere.

The media treats us so bad.  I just saw an "Investigators" exclusive on one of our local channels, where they were exposing a real estate agent and loan officer that were working together.  The loan officer had found this gentleman and asked him to apply for a mortgage, buy a house, and then the loan officer would have it transferred to another person's name.  We got to hear this client's sob story all night long.  He couldn't believe what they had done to him.  They never transferred the property, and he doesn't even come close to affording it.  It's now under foreclosure and his credit is ruined.

At one point does ANYONE move forward with such a deal thinking that it is okay?  I would never fill out an app if I didn't want to buy a house, and certainly not to "buy someone else" a house.  If I did get that far, I would never let them live in it, which is what happened.  They trashed the house, of course, and left it in such disrepair, it's unbelievable. 

What really bothered me was that they didn't badmouth the loan officer anywhere NEAR as much as they badmouthed the agent.  Yes, most likely the agent was part of this, but they can't prove that she knew anything.  I agree, she should (and has) had her license taken away.  But there was a difference - the loan officer was a convicted felon of robbery and other financial crimes, and the agent had a clear record.  Shouldn't we be looking a little more harshly upon the loan officer?

Then the news referred all consumers to check any agent that they make think about using out on the Department of Commerce website.  You can find out if they have any convictions and what they were.

I went to the website.  You need the birthdate of the person you are looking up.  What good does that do you????  I looked myself up, but I couldn't look anyone else up.  Not helpful to your everyday consumer.

I guess my advice to consumers is to trust your gut, first and foremost, and do what you think is right. 

For us?  I don't know.  Until we clear the roster of the ones who give us the bad name, I don't think there is much we can do.

Perhaps with the market slowing and you actually having to work to sell a house, we'll see fewer violations and agents who shouldn't be in the business.

May 14, 2007 09:12 AM #3
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Jim Lee

Portsmouth NH Realtor, Portsmouth, NH
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