{"id":3384,"date":"2008-07-18T19:12:25","date_gmt":"2008-07-19T02:12:25","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=3384"},"modified":"2008-07-19T10:11:09","modified_gmt":"2008-07-19T17:11:09","slug":"will-nar%e2%80%99s-latest-3-letter-word-be-another-failure","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/3384\/will-nar%e2%80%99s-latest-3-letter-word-be-another-failure\/","title":{"rendered":"Will NAR\u2019s Latest 3-Letter Word Be Another Failure?"},"content":{"rendered":"

NAR has just been set up for failure. I hope I\u2019m wrong, but history is on failures side. As I reported in the past, NAR is developing a database of every possible piece of information on every property in the United State<\/a>. Jim Duncan, who served on the task force that came up with the idea, first reported on this in December 07<\/a>. This project has gone through several names. It started as the Gateway, then changed to the Real Estate Channel, then to the Library\/Archive and now to the final and official name, the Realtor Property Resource (RPR).<\/p>\n

I\u2019m only half kidding about this \u2013 you get to decide which half \u2013 but I gave my input along the way as to what name we should use. I said call it whatever you want, but make sure it does not end up with a 3-letter acronym. You see NAR has a remarkable failure rate with things that have a 3-letter acronym. For instance, oldies like PRC and RIN<\/a> and more recently IDX and VOW. Now, my definition of failure is debatable, but basically anything that involved a major lawsuit or loss of significant money, I consider a failure.<\/p>\n

There have been no NAR initiatives with 3-letter acronyms that have succeeded since MLS and even that has faced many lawsuits. I still consider MLS a success because it is the number 1 member service NAR has ever come up with. Essentially, MLS was a killer application that brought order to the marketplace. Like it or not, MLS has been a success. I do not know the date MLS was coined, but it was a long time ago in relative terms to this post.<\/p>\n

So, now the latest challenger to the 3-letter theory jinx is RPR. This concept is so BIG in concept that it may be a killer app in its own right. Time will tell, but I am optimistic that it can become a major resource for members.<\/p>\n","protected":false},"excerpt":{"rendered":"

NAR has just been set up for failure. I hope I\u2019m wrong, but history is on failures side. As I reported in the past, NAR is developing a database of every possible piece of information on every property in the United State. Jim Duncan, who served on the task force that came up with the […]<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13,62,29],"tags":[],"class_list":{"0":"post-3384","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-casual-friday","7":"category-dirty-laundry","8":"category-group-therapy","10":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2712,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2712\/the-nar-has-caused-hell-to-freeze-over\/","url_meta":{"origin":3384,"position":0},"title":"The NAR Has Caused Hell To Freeze Over","author":"Russell Shaw","date":"March 6, 2008","format":false,"excerpt":"I don't know if Hell has actually frozen over. 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