Is the Burbank Board of Realtors tone deaf? Or are they really secret members of the 1%?

I received the above engraved invitation to the annual Burbank Board of Realtors installation dinner.  WTF? Lakeside Country Club? Black Tie? Big Band? Really? For Burbank, which is not exactly the hoity-toity-est of cities to begin with? Is this appropriate in this economic environment? When we're in the middle of a recession and most of our seller clients have lost 10-20% of the value of their homes? And our buyer clients can't afford to buy no matter how low interest rates are? No wonder there's such a downward pressure on the Realtor commission structure.