Deed fights back against the bully of real estate
No one likes a bully.
How about a bully that has been around for 100 years with over 1.2 million members and 200 million in annual revenue while still being considered a non-profit.? Say hello to the National Association of Realtors.
This is no doubt the worst kind of bully. Like a sheep dressed in wolves clothing, the NAR has a “Code of Ethics” stamped all over their website. Of course, above that on the top of the main page is the pay dues link conveniently located between the home button and where members login.
In the code of ethics section on the NAR website it states the following:
“NAR’s Code of Ethics, adopted in 1913, was one of the first codifications of ethical duties adopted by any business group. The Code ensures that consumers are served by requiring REALTORS® to cooperate with each other in furthering clients’ best interests.”
What really defines the best interest of the client? It undoubtedly isn’t served by charging an insane 6% commission for someone to list their house. That’s right! Six percent! Otherwise defined as $15,000 on an average home in the U.S. selling for $250,000. That’s over a whopping 25% of the $59,039 average 2016 median household income in the U.S. according to the U.S. Census Bureau.
Imagine a middle class family struggling to make ends meet giving up over 25% of their annual income to pay an inflated commission to sell their largest asset. If it seems wrong, that’s because it is!
If you want to know the real agenda of a business like the NAR go right to the top and see how CEO Bob Goldberg sees their role in real estate. In a recent article by Clint Skutchan of Inman, Goldberg was quoted from the November NAR Board of Directors Meeting as saying “First and foremost, it’s imperative that we are not just the National Association of Realtors, we are also the National Association for Realtors. Every action we take is geared to making sure our members come first.”
Enough said Mr. Goldberg. Joe and Suzie homeowner simply are not a priority.
SO the question remains, how do we as a society stop the bully? It’s very simple. And blockchain technology is leading the way.
Deed, a company started by real estate agents that understand all too well the stranglehold the NAR has placed on the billions in commission dollars in the U.S. alone, has the solution.
Deed’s mission is straightforward and focuses on reducing the traditional commision of 6% down to 1%. Real Estate Brokers around the country have embraced this concept as Deed has established a growing broker network that already includes over 160 brokerage offices encompassing all 50 states. Deed’s mission is clearly spelled out on their website www.deedcoinlaunch.com.
“Deed’s platform (Already live at Deedcoin.com) simply replaces the way you find your next real estate agent. Instead of finding their next agent on google for 6% commission, customers access our platform, input their property information, and link up with their local Deed agent for a 1% commission. Deed customers use DEED to decide the commission or rebate before linking with the Deed agent. Deed integrates fully with the existing real estate infrastructure. Customers have access to a groundbreaking technology dashboard allowing 24/7 access to an agent or licensed transaction assistant. We streamline real estate to run on 1%, allowing future commissions to be set by the free market based on the price of DEED.”
Skutchan’s full article can be seen here: https://www.inman.com/2018/01/05/what-should-a-national-association-for-realtors-be-doing/
