Episode 63, Segment 2: The Importance of Getting Involved in Real Estate
John Schutze and Andrew Thurston have a conversation with local real estate agent, broker, and investor, Aaron Farmer, about why it's so important to get involved with real estate organizations such as ABOR or your local HOA.
How Aaron Got Involved in a Big Way
"In late 2002, I challenged the Texas Real Estate Commission over some rules they passed that were in my view anti-competitive and my legal battle lasted through 2006-07, and I ended up being an expert testimony before the U.S. Congress and was on a panel with the Department Of Justice and I was kind of the face of all that," Aaron explains. "In 2006 John from Stanberry and Associates contacted me and we formed a friendship, and he ended up encouraging me to run for the Board of Directors at ABOR.
"That whole process opened my eyes about getting involved in everything, and I came to realize that the world is run by those who show up. It's not run by the best and the brightest; it's run by those who show up and volunteer. Look at your City Council, your HOA - I bet the 3 or 5 people on the HOA can make your life good or bad on such a big scale - they probably impact your daily life more than the president!"
"The only way to fix some things is to run and get on the board," John says. "Like you said, you really just have to show up!"
"There's maybe just a couple hundred realtors that get really involved and volunteer for ABOR," Aaron says. "I think if there were more that got involved and showed up to stuff, it could definitely make a huge impact and make things better."
Aaron also emphasizes the importance of diversity on boards and in other organizations: "You don't want everyone who thinks alike to be on the same board - that's how you get pigeonholed into making wrong decisions, when you don't have a voice out there," he says. "It's important to have diversity in thought and age and just diversity of all kinds - you want as diverse a group to be involved with as possible, and that's what we try to do with ABOR," Aaron says.