In the Board of Directors meeting Monday morning at the 2009 REALTORS® Conference & Expo in San Diego, Charles McMillan, the 2009 President of the NATIONAL ASSOCIATION OF REALTORS®, noted the rapid changes that have occurred in the real estate industry and emphasized that NAR is keeping up with trends.
For the past 10 years, people have been talking about a fundamental shift in the way real estate is bought and sold, he said. Up until a couple of years ago, we assumed that shift would come steadily over time, mainly from technology and growing consumer demands. While it's true that those things have certainly led to an evolution in our business, something else happened.
The events of the past two years--particularly the end of the boom and the subsequent collapse of the credit markets--led to a more abrupt shift in business that happened almost overnight, McMillan added. Competitive forces became so strong that if you wanted to stay in business, you had to be better and faster. The speed of change in our business and our profession multiplied. Thanks to NAR, and to the decisions that our directors have made over the past few years, we are on the cutting edge of change. Indeed, we have led change.
McMillan pointed to NAR's recent forays into new communications media, such as video and social media, as examples of how the organization is adjusting to a changing time. He also cited REALTOR® magazine's Young Professionals Network as a wellspring of fresh ideas.
The meeting itself was also an occasion for change. Several members of the leadership team and committee heads paid tribute to McMillan, whose tenure as NAR president ended at the meeting. 2009 Past President Dick Gaylord effusively praised McMillan for everything he accomplished in his term, including the launch of consumer site HouseLogic and the new REALTOR® Property Resource, as well as the extension and expansion of the home buyer tax credit.
No president has worked harder than Charles McMillan, Gaylord said. No president has visited Capitol Hill more.
McMillan said he enjoyed his time as NAR president, but was happy to be passing the baton. It was hard work, but it was a labor of love, he said. I'm honored to have served with so many great individuals, not just the leadership team, but all of you. I am thrilled to hand the gavel over to an outstanding leader and a great friend--Vicki Cox Golder.
Golder, a commercial practitioner from Tucson, Ariz., and the 2009 President-Elect, then graciously