Overview
The National Association of REALTORS® (NAR) is a North American trade association representing individuals who work in the real estate industry. Founded in 1908, the organization encourages a high standard of professionalism among its members. The NAR has a substantial membership, comprising more than 1.3 million real estate professionals, including brokers, salespeople, property managers, appraisers, counselors, and others engaged in all aspects of the real estate industry.
Address and Contact Information:
National Association of REALTORS®
430 North Michigan Avenue
Chicago, IL 60611-4087
Phone: 800-874-6500
Website: [www.realtor.org](http://www.realtor.org)
Mission and Services
The mission of NAR is to help its members become more profitable and successful. To achieve this, the organization offers numerous programs and services:
- Education and Training: Provides resources and continuing education to enhance members’ skills and knowledge.
- Advocacy: Lobbies on behalf of REALTOR® interests at federal, state, and local levels.
- Code of Ethics: Enforces a code of ethics, which all members must abide by to maintain integrity and professionalism.
Examples of NAR in Action
- Educational Courses
- Offers multiple certifications and designations like Accredited Buyer’s Representative (ABR®) and Certified Residential Specialist (CRS).
- Political Advocacy:
- Regularly engages with policymakers to advocate for legislation that benefits homeownership and real estate market health.
- Market Data and Research:
- Provides critical market analysis and data that members can use to guide clients and make informed business decisions.
Frequently Asked Questions (FAQs)
What is the purpose of NAR?
NAR’s primary purpose is to advocate for the real estate industry, foster professionalism, provide education, and support ethical practices among its members.
Who can become an NAR member?
Any licensed real estate professional can become an NAR member, provided they agree to adhere to the association’s standards and code of ethics.
What is the NAR Code of Ethics?
The NAR Code of Ethics is a set of guidelines that ensures REALTORS® conduct their business in an ethical manner, emphasizing fairness, honesty, and service to clients and the public.
How does NAR support homebuyers and sellers?
NAR supports consumers by ensuring its members are trained, ethical, and capable of providing high-quality real estate services. They offer market data and insightful analyses that benefit both buyers and sellers.
Do REALTORS® have to be NAR members?
While “REALTOR®” is a trademarked term used only by NAR members, not all real estate agents are REALTORS®. However, being an NAR member signifies a commitment to ethical standards and ongoing education.
Related Terms with Definitions
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Code of Ethics: A set of principles and standards implemented by the NAR that members must follow to ensure integrity and professionalism in all transactions.
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Multiple Listing Service (MLS): A comprehensive system used by REALTORS® to share property listings and collaborate in sales efforts.
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Continuing Education (CE): Required ongoing training to ensure that real estate professionals remain knowledgeable about industry trends, laws, and best practices.
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Accredited Buyer’s Representative (ABR®): A designation for real estate agents who focus on working directly with buyer-clients.
Online Resources
- National Association of REALTORS® Official Website
- Real Estate Database Publications
- Continuing Education Programs
References
- NAR Website. (n.d.). Accessed [Date], from www.realtor.org
- Encyclopedia Britannica Online. “National Association of REALTORS®.” Retrieved from britannica.com
Suggested Books for Further Studies
- “Your First Year in Real Estate: Making the Transition from Total Novice to Successful Professional” by Dirk Zeller
- “The Millionaire Real Estate Agent: It’s Not About the Money…It’s About Being the Best You Can Be!” by Gary Keller
- “Real Estate Investing for Dummies” by Eric Tyson and Robert S. Griswold
