Most people that follow the online real estate community know about the case of the Sarasota Association of Realtors (SAR) vs. one of its members Marc Rasmussen. If you are not up to date on the case, take a moment and visit the link above. There are many outraged real estate bloggers posting about this injustice. In this post, I want to bring to light the Sarasota Association's infringement on my brand name and trademark.
BuySarasota.com vs. Time2BuySarasota.com
It is interesting that the "SAR CEO" was quoted in several blogs and social networking websites. Regarding the case against TheSarasotaMLS.com, she said that it was "in the best interest of the membership of SAR and of the public that SAR protect its rights in the trademark."
For those of you not up to speed on the "TheSarasotaMLS.com" controversy, I will do a quick synopsis. There is a buzz all over the real estate community on the Internet about the dispute between the Sarasota Association of Realtors (SAR) and Marc Rasmussen. Marc is a member of SAR and has been using the domain name "TheSarasotaMLS.com" since August of 2003.
This year the SAR decided to go after Marc's domain because in their view he was not "the" Sarasota MLS. They recently won a split decision with the Internet Corporation for Assigned Names and Numbers (ICANN). The ICANN Decision was a majority decision and it went against Marc. It was ordered that the ownership of the domain be transferred to the Sarasota Association of Realtors.
Warren Buffet is buying. Of course we are referring to stocks, not real estate. However, I could not help but think of the Sarasota real estate market when I read his recent quote about his investment strategy.
"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. And most certainly, fear is now widespread, gripping even seasoned investors." - Warren Buffet
It reminds me of the old saying - "The rich sell when everyone else is buying and buy when everyone is selling."
The real estate market will rebound eventually. Right now there are tremendous values out there. Financially strong buyers can take advantage of the housing turmoil. The keys to finding the best deal are patience and flexibility.
In case you have not heard yet, today congress passed the $700 billion plus bailout of mortgage giants Freddie Mac and Fannie Mae. The bill is designed to bolster the struggling economy and open up the credit markets.
Warren Buffett was quoted today as sating the bailout will "not solve all our problems, but it will help." The truth is that no one know for sure if this will work, but we had to do something to help loosen the credit markets.
The question many locals are wondering is how this will affect the Sarasota real estate market. It will probably be many months before we see significant improvement. The US Treasury will now have the ability to help slow down the rate of foreclosures. The bill is a step in the right direction. According to Mark