RISMedia's Real Estate Magazine

NOV 2018

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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RISMedia's REAL ESTATE November 2018 29 members and consumers. Additionally, we are height- ening our technology advocacy efforts in support of our members and the industry. - The fourth priority focuses on member professional - ism and enhancing the member experience. How do we provide ways for members to educate themselves and ultimately raise the bar of professionalism? One of our major initiatives is the Commitment to Excel - lence program, which is rolling out at the 2018 RE- ALTORS® Conference & Expo, and covers 10 areas of competency for REALTORS®. This education-based program is an added value and will really make a dif - ference for all members. MP: How are some of the changes taking place at NAR helping to move the association forward? JS: We're remodeling our associa- tion and that takes some time. Our "house" was built in 1908; we have to create a new house that the next gen - eration of REALTORS® can continue to remodel and keep making better. In the kitchen, we have to cook up some news ideas. We have a library, but how do we study? Are we wired? Do we have the right technology? Do we have the REALTOR® Party family room with the YPN bar? The MLSs and in - vited guests need to feel welcomed. And you need to put a roof over the top that makes it all sustainable. Part of our renovation includes tear - ing down walls. At the start of 2018, Bob Goldberg rolled out a new internal organizational alignment and made changes to the se - nior management team to more effectively and efficiently serve our 1.3 million members. Silos have been bro - ken—quickly, we are becoming a more nimble, dynamic and innovative association. MP: What will be some of your greatest challenges as president? JS: Member involvement. We can't grow if our members aren't connected. Our world today is much smaller than it ever was, but it's also more disconnected in that the world comes at us from so many different directions. There are so many opportunities and different roles for agents, companies and associations to take on, which makes organized real estate today more important than ever. More agents are fearful of what could happen to a business they love. We have to help them understand that the changes that are happening are evolutionary. We had discount brokers in 1980, and we have competi - tion in our marketplace today. Successful agents can tell their story and share their viewpoint better than anyone else, so we have to get REALTORS® more involved. MP: What are the most significant legislative/regulatory issues currently facing the real estate industry, and how is NAR advocating for members? JS: We're still trying to understand the full effects of the tax reform legislation, and what it means for our members—this fight is not over. We recently had a nice win for our bro - kers with the Section 199A Pass- Through deduction. With a new chief lobbyist at NAR, now is a great time to refresh our approach. The fast eat the slow in today's world—we have to be more nimble and more flexible. The REALTOR® Party is strong, but if we can continue to engage more RE - ALTORS® and consumers, it will only get stronger. MP: What are your predictions for the 2019 housing market? JS: I feel like there's a little more nor- malizing happening in America—a lit- tle bit more balance. You can't make a prediction that puts a blanket over it, but I think pricing increases are go - ing to slow a little, and then we'll see where the economy takes us. Some areas, of course, will continue to see unbelievable growth. One thing is for sure: We won't become a nation of renters. Owning a home is still the greatest asset, and we have to do everything we can to protect that. MP: Any closing thoughts, John, as you prepare to step into the role of NAR President? JS: I would like to say thank you to the membership for giving me a chance to play a small part in the future of our association. It's something that I wear proudly on my badge. I wake up every day and think about what I can do to advance our association. I'm grateful, because this is the greatest business in the world! RE For more information, please visit www.nar.realtor. "I wake up every day and think about what I can do to advance our association. I'm grateful, because this is the greatest business in the world!" – JOHN SMABY 2018 NAR President - Elect

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