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Deep dive into Glenn Shimkus – NAR’s latest exec hire

(REAL ESTATE) With NAR’s reorganization and new vision, what does this new executive hire say about the association’s next steps? (Hint: a lot)

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The National Association of Realtors (NAR) has announced Glenn Shimkus as the new VP of Strategy and Innovation. He has been tasked with establishing a new strategy and innovation group within the SBIT (strategic business, innovation, and technology) group at NAR.

The new strategy and innovation group will be comprised of two new teams – the emerging technology team (which will evaluate emerging technologies’ impact on real estate, and forge relationships with other institutions developing new tech), and the strategy team (which will work on strategic projects involving NAR’s investment companies and large tech companies).

Shimkus will also play a large role in NAR’s forthcoming strategic think tank, “a network of world class business leaders and innovators from inside and outside of real estate.”

“Glenn has been heavily involved in the technology, real estate and investor communities for a large part of his career, and we are excited to put his knowledge to work for NAR,” said Bob Goldberg, CEO of NAR. “Glenn’s addition to SBIT will help push technological innovation that is beneficial to NAR members and the real estate industry.”

“As a long-time technology enthusiast and entrepreneur, I look forward to positioning NAR to foster innovative technology growth,” said Shimkus. “Our focus on building key relationships with emerging technology partners, academic and government researchers and private technology corporations will allow us to drive innovation in the real estate industry and keep our members at the forefront of technological change.”

What struck us most about Shimkus is that he is of a rare breed, with extensive tech experience outside of real estate and a background in real estate tech. What often happens to real estate technologists is they find themselves exclusively in that sector, independent of the rest of the tech world, whereas Shimkus remains a TechStars mentor and investor, with feet firmly planted in both worlds. Again, a rarity.

Victoria Gillespie, Chief Marketing and Communications Officer at NAR noted that in the buildout of these teams, they’ll continue to seek this rare type of talent. “We believe that to be successful we need to find the rare folks that have a combination of this skill set and background in order to accelerate our projects and ultimately deliver against our goals.”

Gillespie indicated that the combination of knowledge (real estate and tech) was a selling point for hiring Shimkus in this new role, adding that it is “also important to understand that Glenn’’s knowledge of real estate industry goes beyond the brokerage as he built out the online mortgage platform for Guaranteed Rate before founding Cartavi and he created the ‘lead to close’ vision for DocuSign for their efforts to get rid of paper in the real estate industry. We believe that Glenn brings NAR and our members a truly unique combination that we believe will provide great value as we drive forward with our goal to keep NAR at the forefront of emerging technologies and business trends that are transforming the industry.”

Shimkus has long been an active mentor to NAR’s real estate tech accelerator, REach, where he will continue to be involved, having taken an advisory role with the REach team in recent years, and has also been involved in Elmspring (the new commercial accelerator for NAR).

“Glenn has a strong history of building world-class teams,” asserts Gillespie. “If you look at his LinkedIn profile you’ll notice that he has a large number of folks from across his career that have written wonderful recommendations for him from their time working together.”

When asked of his leadership style, Gillespie said he “works to empower his team, set clear goals, provide his team the tools and support they need to be successful and then let them work their magic! If you speak with anyone that has met Glenn or worked with him you’ll quickly hear that he’s a tremendous leader, has great vision and the unique ability to deliver against his vision.”

What many AG readers will ask is – how will NAR members benefit from this hire?

Rather than truncate Gillespie’s answer, we’re offering it in full as it gives unique insight into NAR’s overall direction:

“Ultimately the addition of Glenn to NAR will continue to help drive against the strategic vision set out by Bob Goldberg when he became CEO of NAR in 2017. At that time Bob set one of his objectives was to keep NAR at the forefront of emerging technologies and business trends that are transforming the industry.

As a part of the SBIT group within NAR, Glenn is now tasked with several key initiatives that we believe will provide meaningful value to our members and deliver specifically against this vision. First, at the core he is creating a new emerging technology team that will work to identify and evaluate emerging technologies and their potential impact on the industry.

This work will be an important feeder for work being done across NAR such as with our advocacy efforts, in our work with REach and SCV as well as our member communications and education – all of which are aimed at ensuring our members are aware of the transformation happening across the industry and prepared to not only survive but thrive. It is paramount that we have our pulse on the ground of what’s happening across the country and the world in terms of new technology and process innovation that may impact the industry in the future.

Additionally, Glenn is responsible for ensuring that our annual Investment, Opportunity and Investment (iOi) Summit is one of the industry premier events when it comes to bringing together the industry practitioners tech leaders and investors that are driving innovation in the industry. He will also work to create a strategic think tank of world class business leaders and innovators from within and outside of the industry to collaborate with our CEO and share experiences and best practices when it comes to how innovation is impacting industries of all size across the globe.

Both the iOi Summit and Strategic Think Tank will ensure that NAR is actively collaborating within and outside of the industry with those that are a part of the transformation so as we can share best practices, learn from each other and work together to continue to drive the industry forward. We believe that based upon the unique skill set, knowledge and experience that Glenn brings to NAR will drive meaningful value to our members as we continue to navigate the transformation happening to our industry.”

Lani is the Chief Operating Officer at The American Genius - she has co-authored a book, co-founded BASHH and Austin Digital Jobs, and is a seasoned business writer and editorialist with a penchant for the irreverent.

National Association of Realtors

NAR Announces 2021 Leadership Academy Class

[REAL ESTATE ASSOCIATIONS] NAR offers annual Leadership Academy to help participants enrich their leadership skills. Applications for the 2022 academy opens December 2, 2020.

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The National Association of Realtors (NAR) Leadership Academy identifies, inspires, and mentors emerging leaders from local and state levels. The Leadership Academy aims to give participants the opportunity to enrich their leadership skills while learning the history, structure, and inner-workings of NAR leadership. The 11-month program includes twelve interactive online courses and in-person experiences designed to prepare graduates to represent the 1.4 million NAR members.

2021 NAR President Charlie Oppler, a Realtor® from Franklin Lakes, N.J., and broker/owner of Prominent Properties Sotheby’s International Realty said, “NAR’s Leadership Academy provides one-on-one experiences and tools that equip volunteer leaders for the critical roles they will play shaping American real estate in the years ahead.” Oppler continued, “Volunteer leaders are vital to our industry, and by better understanding the needs and strategies of our association, Leadership Academy graduates can affect change at the national, state and local levels of this organization.”

The program runs from January through November, concluding at the 2021 REALTORS® Conference and Expo in San Diego, CA. Course summaries, applications, and resources are available at the NAR website. The application period for the 2022 class will be open from December through March 2020.

The 25 Realtors® selected from across the country to participate in the 2021 NAR Leadership Academy are:

Brian Anzur (CO)
Michelle Bailey (ID)
Jaime Caballero (FL)
Cheri Daniels (WA)
Ryan De Guzman (Guam)
Nina Dosanjh (CA)
Gaspar Flores (IL)
Andrew Fristoe (VA)
Karem Gallo Garcia (KS)
Christy Gessler (TX)
Michael Gobber (IL)
Alisha Harrison (WA)
Cynthia Haydon (FL)
Michael Inman (KY)
Bakhsish Khalsa (CA)
William Klein (MO)
John LeTourneau (IL)
John McPherson (NC)
Gonzalo Mejia (FL)
Eileen Oldroyd (CA)
Lorena Pena (TX)
Jairo Rodriguez (NJ)
Derek Sprague (CA)
Peggy Todd (VA)
Heather Zimmaro (OH)

The session topics participants will cover during this course include: How NAR Leads Real Estate from Washington, D.C.; Leadership Skills: Basic- Intermediate; Becoming a Better Spokesperson; Leading NAR From Chicago, IL; and Building Your Legacy: Taking the Next Steps in Your Leadership Journey.  In person meetings are designed to provide opportunities for open dialogue and will be located in Washington D.C., Chicago, and San Diego.

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Real Estate Associations

New webinars on preventing property abandonment and vacancies

(REAL ESTATE ASSOCIATIONS) NAR is running a four-part series to help real estate professionals be part of the solution to prevent building abandonment and vacancies.

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Starting on Aug. 11, and running through Sept. 8, NAR is offering a four-part webinar series to help real estate agents prevent building vacancies and abandonment in light of businesses and people being unable to pay their mortgage and rent.

NAR is collaborating with local government officials and the Center for Community Progress to address the impending swell of property vacancy and abandonment in the United States, as the pandemic rolls on, and businesses and people are scrambling to pay their property expenses. Evictions, business closures, and abandonments have begun, both state and federal government seem to be floundering at coming up with a single, consistent way to prevent mass evictions and related problems.

NAR has been investing in these conversations and trying to help developers and landlords become part of the solution to prevent vacant and abandoned buildings from staying empty and according to the NAR press release, “The program and webinar series are part of a collaboration with the Center for Community Progress, whose mission is to foster strong, equitable communities where vacant, abandoned, and deteriorated properties become assets for neighbors and neighborhoods.”

This webinar series is a continuation of the Transforming Neighborhoods initiative. In this initiative, NAR Realtors are working with community partners to explore and address the underlying reasons properties are abandoned and remain vacant. They want to help prevent this scenario, while supporting community transformation, by putting a plan to rehabilitate buildings and create assets for the communities they are in, thereby helping the neighborhoods become or remain healthier and more vibrant.

NAR President Vince Malta, broker at Malta & Co., Inc., in San Francisco, CA., elaborates on the role Realtors® play in rebuilding communities in the aftermath of the pandemic.

“As the nation grapples with the economic fallout of this pandemic alongside a once-in-a-generation opportunity to address inequity and injustice in our society, Realtors® have been instrumental in helping our neighborhoods move forward while emphasizing that a better future begins with stable communities and equal access to housing for all Americans.”

While the first part of the four-part series has aired Tuesday, here is the remaining schedule:

Code Enforcement – A Tool for Preventing Vacancy and Abandonment
August 25, 2020; 2 p.m. EDT

WEBINAR HIGHLIGHTS

  • Lessons from 2008 Great Recession and assumptions for the future
  • What is strategic code enforcement
  • How can strategic code enforcement prevent property decline caused by the COVID-19 crisis
  • Using neighborhood conditions to inform effective, efficient and equitable code enforcement strategies
  • REALTORS® as partners in preventing vacancy and abandonment

Transferring Vacant and Abandoned Properties
September 1, 2020; 2 p.m. EDT

WEBINAR HIGHLIGHTS

  • Making the connections between property tax enforcement, vacancy, and neighborhood stabilization
  • Efficient, effective, and equitable delinquent property tax enforcement systems
  • Innovative uses of code lien systems
  • REALTORS® working with local government

Land Banking – Returning Properties to Productive Use
September 8, 2020; 2 p.m. EDT

WEBINAR HIGHLIGHTS

  • Land banking – what is it?
  • How land banks can be most effective in community revitalization
  • Land banking as a tool neighborhood stabilization during economic crisis
  • Successful partnerships between REALTORS® and land banks

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Real Estate Associations

NAR urges HUD to withdraw misguided proposal on equal housing

(REAL ESTATE ASSOCIATIONS) NAR calls on HUD to reconsider their position concerning who can submit claims, there may be too many faulty claims and slow the help to those in need.

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The NAR requests that The HUD withdraw its amended proposal of the Fair Housing Act’s disparate impact standard as deeply rooted systemic discrimination has the potential to result in tons of unintentional inequity claims.

The Department of Housing and Urban Development (HUD) received a request yesterday from The National Association of Realtors (NAR) asking them to withdraw its recent proposal amending the “Disparate Impact” rule.

NAR believes that while the proposal is a needed and welcomed change, written in August 2019 to amend the HUD’s interpretation of the Fair Housing Act’s disparate impact standards meant to close a segregational gap, (highly-segregated neighborhoods, unfair treatment for people of color, credit inequality, etc.), the proposal creates separation instead of unity between U.S citizens and the NAR, it’s businesses and Realtors, by implementing rules that allow for an overwhelming amount of disparate impact claims.

In support of the August proposal, HUD’s secretary Ben Carson stated, “There is a lack of affordable housing in America today. This proposed rule is intended to increase legal clarity and promote the production and availability of housing in all areas while making sure every person is treated fairly under the law.”

The change to the Disparate Act opens the door for more claims reporting unequal treatment and/or discrimination intentionally. The theory here is not that deeply rooted systemic oppression can be stopped, but that maybe the easier accessibility to submit a claim will force Realtors to make lawfully supported decisions based on industry standards instead of opinions, ultimately holding Realtors who ignore ethical guidelines accountable.

Without the organization receiving the necessary tools and education required to make an impactful change, it will likely result in an overwhelming amount of unintentional discrimination claims. It is also important that the NAR holds the ability to protect its Realtors, their liberty, and rights to a free real estate market.

While it might seem ridiculous of them to ask the HUD to work collaboratively on the Disparate Act in order to provide equal housing, and fair treatment and support of both the NAR and U.S citizens, it’s a necessary business move on behalf of the NAR.

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