Walter Hall, considered the leading authority on residential real estate professional practices, recently announced that The Hall Institute of Real Estate will soon launch a national program for Realtors called “The Power of Partnering.“
The program is built on the premise that, “It’s time to give consumers more power, knowledge and control when selling, buying or renting their home,” said Hall.
Although the program was initially designed to be marketed to individual Realtors throughout the country, recent interest from a leading real estate franchisor led Hall to modify his plan and first reach out to this group of prospective buyers.
“My 60-plus years in the real estate industry has been very good to me, and I want to give something meaningful back to those in the industry, particularly the home sellers, buyers and renters,” said Hall.
The National Association of Realtors reports that 5.64 million existing homes were sold to the same number of buyers in 2020, and the U.S. Census shows that 822,000 new construction homes were sold in the same year. Other statistics show that 44.1 million of American homes are renter-occupied, and 37 percent of renters live in apartments.
“It’s a significant portion of the population engaging in real estate transactions,” Hall noted. “Over the years, I encountered many opportunities, but one problem that never got completely solved was the feeling on the part of home sellers, buyers and renters who believed that their service expectations rarely matched the actual results of the process they went through. I believe that is so because the majority of home sellers, buyers, and renters have little idea of the process they are embarking upon, and the very unique and complex details involved. If the process is not clearly understood it often results in unpleasant, unexpected, and/or expensive surprises somewhere in the process.”
Hall is the author of “All Things REAL ESTATE” (2015), which described the key and critical steps in the selling, buying and renting process in non-technical language. This book became popular in the industry as both a training guide and as a basis for professional practices.