National Association of Real Estate Brokers (NAREB)

Defined Term: National Association of Real Estate Brokers (NAREB)

Definition

The National Association of Real Estate Brokers (NAREB) is a prominent professional organization that primarily includes minority real estate salespersons and brokers. The members of this organization are known as “REALTISTS.” Established to advocate for fair housing practices and to support the interests of minority real estate professionals, NAREB seeks to ensure equal access to homeownership and opportunity within the real estate market.

Objectives

Advocacy: Championing policies and practices that promote fair housing and equitable real estate transactions.
Support: Providing resources, training, and networking opportunities to its members.
Community Engagement: Working towards building and sustaining communities of color through homeownership and economic development.

Examples

Training Programs: NAREB offers various educational programs aimed at enhancing the professional skills of their members.
Networking Events: Regular conferences and events allow REALTISTS to connect, share, and grow within the real estate industry.
Advocacy: NAREB actively participates in legislative advocacy to influence housing policies in favor of minority populations.

Frequently Asked Questions (FAQs)

What is the history of NAREB?

NAREB was founded in 1947 with the purpose of securing equal housing opportunities for African Americans, who at the time, faced severe discrimination in the housing market.

What are the benefits of being a NAREB member?

Membership benefits include access to specialized training, networking opportunities, advocacy support, and access to exclusive resources aimed at professional development.

How does NAREB differ from other real estate organizations?

Unlike broader real estate organizations, NAREB specifically focuses on the needs and interests of minority real estate professionals, emphasizing fair housing and economic development in communities of color.

REALTIST: A term used to describe members of NAREB, real estate professionals who commit to the organization’s mission of equality and empowerment.
Fair Housing Act: A federal act aimed at eliminating discrimination in the housing sector.
Minority Businesses: Business enterprises owned by racial or ethnic minorities.

Online Resources

References

“The National Association of Real Estate Brokers.” NAREB Official Website, www.nareb.com.
“Fair Housing Act,” U.S. Department of Justice. https://www.justice.gov/crt/fair-housing-act-2
“About NAREB.” U.S. Department of Housing and Urban Development. https://www.hud.gov

Suggested Books for Further Studies

“Black Wealth Through Black Real Estate: Real Estate Capitalism and Black Economic Empowerment in 20th Century Chicago” by Keeanga-Yamahtta Taylor
“House of Debt” by Atif Mian and Amir Sufi
“The Color of Law: A Forgotten History of How Our Government Segregated America” by Richard Rothstein
“Inclusive Housing: A Pattern Book” by Ronald Roach

Real Estate Basics: National Association of Real Estate Brokers (NAREB) Fundamentals Quiz

### What year was the National Association of Real Estate Brokers (NAREB) founded? - [ ] 1950 - [ ] 1965 - [x] 1947 - [ ] 1980 > **Explanation:** NAREB was founded in 1947 with the mission of securing equal housing opportunities for African Americans. ### What term is used to describe a member of NAREB? - [ ] Realtor - [ ] Agent - [x] Realtist - [ ] Consultant > **Explanation:** Members of NAREB are known as "REALTISTS," distinguishing them from broader real estate professionals. ### What is a primary focus of NAREB? - [x] Advocating for fair housing practices - [ ] Selling luxury homes - [ ] Developing commercial real estate - [ ] Managing rental properties > **Explanation:** NAREB's primary focus is advocating for fair housing practices and equitable real estate opportunities. ### How does NAREB support its members? - [ ] By offering discounts on properties - [ ] By providing mortgage services - [x] Through specialized training and networking opportunities - [ ] By managing their real estate listings > **Explanation:** NAREB supports its members through specialized training, networking opportunities, advocacy, and access to resources. ### Who predominantly comprises the membership of NAREB? - [x] Minority real estate salespersons and brokers - [ ] International real estate investors - [ ] Residential property managers - [ ] Real estate appraisers > **Explanation:** NAREB is primarily comprised of minority real estate salespersons and brokers focused on fair housing practices. ### What is the official title for members of NAREB? - [ ] Brokers - [x] REALTISTS - [ ] Realtors - [ ] Agents > **Explanation:** Members of NAREB are officially referred to as "REALTISTS." ### Which legislation is closely aligned with NAREB's mission? - [ ] National Housing Act - [ ] Dodd-Frank Act - [ ] Civil Rights Act - [x] Fair Housing Act > **Explanation:** NAREB's mission aligns closely with the Fair Housing Act, which combats discrimination in housing. ### True or False: NAREB's main focus is commercial real estate development. - [ ] True - [x] False > **Explanation:** False. NAREB's main focus is on advocating for fair housing and supporting minority real estate professionals. ### What types of events does NAREB offer to its members? - [ ] Real estate auctions - [ ] Open house events - [x] Training programs and networking events - [ ] Social gatherings > **Explanation:** NAREB offers training programs and networking events to support member development and connection. ### NAREB aims to build and sustain communities of color through what primary means? - [x] Homeownership and economic development - [ ] Vacation Rentals - [ ] Commercial Property Management - [ ] Land Development > **Explanation:** NAREB focuses on building and sustaining communities of color primarily through homeownership and economic development.