Real Estate Soap Opera: NextHome CEO Pokes at NAR
Key Points:
- NextHome CEO, James Dwiggins, has gently stirred the real estate pot calling for changes within the National Association of Realtors (NAR).
- Pointing out what he views as systemic issues within NAR, Dwiggins believes the organization can better serve its members.
- A central concern for Dwiggins is NAR’s leadership structure, which he argues lacks long-term vision.
- He suggests introducing term limits for committee chairs and executive leadership to bring fresh perspectives and ideas.
- Dwiggins also bemoans the ongoing legal battles around commission fees, believing it only taints the industry’s reputation.
- Locating the root of this issue in NAR’s policies, the NextHome chief beseeches the organization to adapt the rules to prevent these cases.
Hot Take:
Well, this certainly added some spice to the real estate soup! It’s like watching a reality show where the hero, in this case, NextHome’s CEO James Dwiggins, steps into the spotlight spotlight to save the day, challenging the dubious practices of the villain— our own dear NAR. Really, it’s like Game of Thrones with less dragons and more commission fees.
Not to undermine the seriousness of the issues raised, Dwiggins does have a point or two. The NAR’s leadership could do with a slight makeover, much like the one on Extreme Makeover: Home edition, only without Ty Pennington yelling enthusiastically at everyone.
What’s more, the constant commission kerfuffle does resemble an endless season of Judge Judy, but with less shouting and more paperwork. One thing’s for sure though, if the NAR would adapt as per Dwiggins’s suggestions, it could steer clear of these issues, much like you’d steer clear of handing over hosting duties to Kanye West.
So, will the glamorous world of real estate heed Dwiggins’s wake up call? Will it evolve into the better, drama-free institution it could be? Only time will tell, but until then, pop the corn and stay tuned for the next episode!
Original article: https://www.inman.com/2024/01/09/james-dwiggins-nar-needs-a-top-down-overhaul/
