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November 30, 2009
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Response To: conflict of interest (blanche - 09/22/1999 09:43 AM)
Main Topic:

Homestore Stock Buys Prompts NAR to Review Conflict of Interest Policy


Elected Officers Should Follow The Same Rules
Posted By: Mary Leizinger - 09/22/1999 11:12 AM

I don't believe that any Realtor member elects their professional association representatives with the idea that they should be compensated with sweetheart deals that are not available to the rest of the membership. If Association officers were offered the opportunity to buy stock at the IPO, it should have been under the same terms available to the general membership and subject to the same restrictions -- afterall, it was the general memberships financial support that gave birth to Realtor.com. The contributions of our elected leaders, while important, should not have entitled them to a financial benefit of this nature. "Friends and Family" deals are inappropriate and clearly a conflict of interest. Profits should be disgorged or contributed to a charity.


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