Revenues are up at large real estate offices that offer a menu of services including mortgages, home warranties, title insurance, and homeowner's insurance, according to a report by the National Assn. of REALTORS®. The report pointed to Howard Hanna Smythe Cramer of Pittsburgh, which posted a total sales sales volume in 2005 of 53,649 transactions, and income derived from ancillary services that accounted for some 43% of the firm's income.
NAR's stance against banks in real estate remains the same. The group continues to demonstrate a colossal HQ (hubris quotient) in this regard.
I still don't understand how the NAR presumes to dictate that restriction of a given category of existing institutions from entry into a service market comes anywhere close to serving the consumer. Doesn't an increase of potential providers in the market increase competition, thus resulting in benefits to the consumer?
Posted by: Homes | June 13, 2006 at 09:57 AM