What does the acronym STAC Stand for?
STAC stands for the newly named Strategic Thinking Advisory Committee (formerly the Strategic Planning Committee). This committee is tasked with strategically thinking about what NAR can do to help our 1 million plus members and identify potential threats to our industry. The hot topic we covered this week is what are the “black swans” in the real estate industry. The definition of a black swan is something that if it happened would disrupt the real estate industry as we know it. The Notorious R.O.B. (aka Rob Hahn) at the recent T3 Summit stated these as his top 3 black swans:
1. REALTORS® become employees.
2. Banks enter the portal business.
3. Federal rent control.
Imagine if any of those things actually became a reality…
Therefore, the Strategic Thinking Advisory Committee have hired Stefan Swanepoel to help us put together the largest non-biased real estate report of its kind! Over the next 6-10 months we will be reaching out to everyone (brokers of all sizes, third party aggregators, franchises of all models, commercial REALTORS®, GAD’s, AE’s, etc.) to find out what keeps them up at night? We even plan to send out a short survey to all 1 million plus REALTORS® to find out what your biggest fears are and it will be the first time ever NAR has tried to engage the whole REALTOR® Party!
Please comment below about what you think are the black swans threatening the real estate industry. We are also looking for any reports or articles to share with with the committee, so please forward them to the Strategic Thinking Advisory Committee Chair Todd Shipman (firstname.lastname@example.org) and we will make sure it is included in our research. We hope to have a report to share with EVERYONE in around 12-16 months and thanks for sharing!