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Sign into your accountHow NAR Got It Wrong in 1988 May Teach Us Something About Today
March 07 2021
When George Slusser joined WAV Group to lead our Mergers, Acquisitions, and Valuations team, we all reviewed his book titled Acquiring Profit. I love reading old business books because time is a cruel fact-checker, and also because the thoughts of leaders in the past give us great guidance for our current forecasting predictions. Namely, don't make them.
When the book was written, the National Association of Realtors predicted that their membership would shrink from 820,000 to 500,000 by Y2K – the year 2000. At that time, there were also around 70,000 brokerages. The thought of industry leaders at the time forecasted the demise of the small, single office mom-and-pop brokerage. Oops!