When I was offered a ticket to attend the Chicago Humanities Festival appearance by Elizabeth Warren, Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau, I eagerly accepted. As Chair of the Congressional Oversight Panel charged with investigating the financial bail-out and administering the Troubled Assets Relief Program (TARP), Ms. Warren has been smack dab in the middle of discourse on issues that directly impact both commercial and residential real estate.
Regardless of how you feel about the Consumer Financial Protection Bureau (and we welcome your thoughts in the comments below on this initiative), Ms. Warren has proven to be an engaging and passionate advocate who is not afraid to speak plainly to consumers, banks and businesses about ideas their supporting arguments. Frankly, it was a lot fun to watch in person.
I was delighted when the audience got into the game and posed this question to Ms. Warren: “Please tell us one thing, just one thing, that everyone in the audience can do as soon as they leave here if we support your concepts?” It was a ‘put me in coach’ kind of attitude and it felt very, very familiar because I hear it everyday from volunteers.
80,000 REALTORS® have identified themselves as commercial real estate professionals and there are a couple hundred thousand more that are conducting commercial real estate business in addition to their residential business. We do not have the privilege of working with every member but I have also heard the question, “Please tell us one thing that we can do to positively impact the commercial real estate industry?”
Just one thing is very hard to choose (it was for Ms. Warren as well, she couldn’t help but give two suggestions!) But here goes: I would recommend that you update your NRDS record. Here’s why: NAR knows through statistical studies that almost a quarter of REALTORS® conducted a commercial real estate transaction in 2009 (see 2009 NAR Member Profile). If you commit to telling us about your passions using your field of business codes, we promise to make sure that you know when there are calls to action on the issues you are passionate about, member benefits related to your passions and call upon you when you are needed as an expert on those passions.
It is so simple to do this one thing. Log on to Realtor.org. Click on My Account. Log in and then update your preferences and your field of business code. Simple but powerful. Take control and let us know about your business and your passion – we already know they are one and the same!
- Elizabeth Warren on her relationship with business (investmentpostcards.com)