The ALTA Debate that was Pulled
In 2010 the American Land Title Association approached CAARE to engage in a written debate with RESPRO about Controlled Business Arrangements (CBA’s). To us this was easy. All the facts were on our side and it was simply a matter of making a simple logical argument. We knew we would “win” the debate because RESPRO’s position was indefensible. We had read the expensive studies RESPRO had done, but we knew that their data was flawed or contrived.
RESPRO stood for the proposition that it was good to interject biased and outcome based safeguard providers into residential real estate transactions. They stood for the proposition that it was good to eliminate competition through providing inappropriate financial incentives to trusted real estate practitioners. They were arguing that the elimination of competition would create a more efficient and lower priced product.
We answered all the debate questions and so did RESPRO. The final article was ready to be published and then the American Land Title Association pulled the plug. Read our answers to the debate and you will see why. We would like to declare ourselves the winner. What do you think?