The real estate board is looking to the future.
N.J.-based broker Michael T. Brown, Jr., who is chairman of the board, told The Associated Press that the board has been in touch with other boards and that it is working to ensure that its members have the tools necessary to take on the challenges posed by a growing number of new entrants.
Brown said he’s encouraged by the growing number.
He said the board is in a position to do what is best for the state, its business, and the community.
In the past, he said, it was the board that had to make tough decisions on what went into development projects and what the best strategy was.
It was not until the past decade or so that a board with a proven track record like the one that is being created now was created, he added.
Brown said there are a number of reasons why the board would want to move forward with such a plan.
First, the board will be in a better position to identify new entrants to the market and provide them with the best opportunities to succeed, he noted.
Second, it will help the board to establish a clear mission and priorities and, ultimately, to deliver on its fiduciary duties.
Third, the move to the real estate industry would help the state’s economy and help the nation’s economic recovery.
Fourth, it could help the industry create more jobs in the state and help create more value for the consumers who make up the majority of the state population, Brown said.
Fifth, it can be beneficial for the industry and its employees, he pointed out.