ARELLO (The Association of Real Estate License Law Officials) is an organization of real estate licensing regulators. They are comprised of governmental regulators who regulate real estate licensees. They recently appointed a real estate broker as their CEO.
The current CEO of ARELLO®, William John Michael Wald, is a licensed real estate broker and used to be the Senior Director of the Chicago Association of Realtors. The Chicago Association of Realtors is a trade association comprised of real estate licensees (the people who are regulated by ARELLO members). Mr. Wald is a licensed real estate broker whose credentials continue, “Previously he was the Senior Director, Business, Professional Development, and Standards for the Chicago Association of REALTORS® a position he has held since 2009. He was also the Managing Broker of the Northern Illinois Real Estate Information Network (NIREIN), which holds over 580 Illinois Real Estate licenses.”
ARELLO is supposed to be a highly respected group of governmental officials as their website indicates, “ARELLO® is comprised of the official governmental agencies and other organizations around the world that issue real estate licenses or registrations in addition to regulating real estate practice and enforcing real estate law.” Their mission is: “Support jurisdictions in the administration and enforcement of real estate license laws to promote and protect the public interest.” And they appoint a real estate licensee to run their organization?
We thought it was strange when ARELLO previously appointed Debbie E. Campagnola as their CEO because she used to be the CEO of the Colorado Association of Realtors. We are noticing the continuation of a disturbing trend that was first brought out by the Consumer Federation of American in this report.