What is the NAR? Understanding the National Association of Realtors

The history and foundation of the NAR

The National Association of Realtors was founded in 1908 to create a united voice for real estate professionals. Over the decades, the organization has grown to include over a million members across the United States, advocating for property rights and ethical business practices.

Defining the National Association of Realtors

NAR is a professional trade association that represents real estate brokers, agents, property managers, appraisers, and others involved in the industry. Membership is exclusive to licensed real estate professionals who agree to adhere to the association’s Code of Ethics.

The role of the NAR in real estate

The primary role of the NAR is to support its members through various services and resources. This includes providing education, lobbying for favorable legislation, setting industry standards, and offering tools for marketing and business growth.

NAR’s code of ethics and professional standards

One of the cornerstones of the NAR is its strict Code of Ethics, which guides members in their business conduct. This code promotes honesty, integrity, and fairness, helping to foster trust between clients and real estate professionals.

Benefits of NAR membership

Joining the NAR offers many benefits including access to exclusive training programs, marketing tools, networking opportunities, discounts on products and services, and up-to-date industry data to help members stay competitive.

NAR’s influence on real estate legislation

The NAR plays a crucial role in lobbying and advocacy on behalf of real estate professionals. It actively engages with lawmakers to promote policies that benefit property owners and the real estate industry, including tax issues, housing finance, and fair housing laws.

Educational resources provided by the NAR

The NAR offers a variety of educational programs and certifications to help members enhance their skills. From first-time homebuyer seminars to advanced real estate designations like the Certified Residential Specialist (CRS), the organization supports continuous learning.

The NAR and technology innovation

The association embraces technology by providing members with cutting-edge digital tools and platforms. These innovations help Realtors improve client engagement, streamline transactions, and keep pace with changing market dynamics.

Global reach and partnerships of the NAR

While the NAR primarily serves members within the U.S., it also has international partnerships that extend its influence globally. These connections facilitate cross-border real estate transactions and offer members broader market opportunities.