This site is about the overreaching political power of the NC Association of Realtors flush with money from cashing in your equity 6% at a time, leaving you to pay for growth with property taxes, year after year, with or without cash flow. In the last few years NCAR has pumped millions of dollars into NC political campaigns at the state and local level. They have spent millions more to defeat Local Options for Local Governments with misleading ads.

Monday, August 25, 2008

Nice Work If You Can Get It

Must be nice for a small group of non-realtor buddies to have access to a virtually bottomless well of money filled by millions of dollars in compulsory dues on every real estate broker and licensed or certified appraiser connected to a MLS in North Carolina. When will the North Carolina Real Estate Commission (NCREC) take action to protect consumers and licensed real estate brokers from the predatory and self-perpetuating actions of NCAR? After all, that's part of the NCREC mission:

· To identify and address issues affecting real estate consumers and practitioners
· Detect and monitor special problems and areas of concern affecting real estate consumers and licensees
· Adopt positions, promulgate rules and propose legislation to address problems and concerns
· Disseminate to licensees and consumers information addressing subjects of special interest and concern
You won't find Zechini, Kent, DePriest or Woodard in the NC Licensee database. NCAR's political campaigns, supposedly on behalf of realtors, make claims and statements about transfer taxes and local government spending that would be prohibited if made by an actual real estate licensee to a consumer.
Misrepresentation or Omission [G.S. 93A-6(a)(1)]
Misrepresentation or omission of a material fact by brokers or salespersons is prohibited, and this prohibition includes both “willful” and “negligent” acts. A “willful” act is one that is done intentionally and deliberately, while a “negligent” act is one that is done unintentionally. A “misrepresentation” is communicating false information, while an “omission” is failing to provide or disclose information where there is a duty to provide or disclose such information.
Instead of the disciplinary action that an actual real estate broker would face, NCAR lobbyists are premiated for their powers of influence, regardless of the merits, or lack thereof, of the message:
The highest-ranked lobbyist involved in the transfer tax debate was John McMillan, who ranked 2nd and is a contract lobbyist who represented the N.C. Association of Realtors and 31 other clients. The Realtors Association opposed the real estate transfer tax. Also representing the Realtors Association were executive vice president Tim Kent and Rick Zechini, both of whom ranked among the most influential lobbyists for the first time (11th and 12th, respectively).
Nice work if you can get it

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