Understanding the National Association of Realtors (NAR)

Background and Mission

The National Association of Realtors (NAR) is America's largest trade association representing 1.5 million members, including real estate agents, brokers, and affiliates.

Established in 1908, NAR's mission is to promote the advancement of professionalism and ethics in real estate, protect the rights of real estate owners, and advocate for policies that benefit the industry.

Membership and Benefits

Membership

Membership in NAR is open to licensed real estate professionals. Members must adhere to NAR's Code of Ethics and are entitled to various benefits, including:

• Access to professional development and education programs
• Support and resources for real estate transactions
• Advocacy and lobbying efforts on behalf of the industry

Code of Ethics

NAR members subscribe to a strict Code of Ethics that outlines standards for ethical conduct, such as:

• Honesty and integrity in all dealings
• Fiduciary duty to clients
• Fair and impartial treatment of all parties

NAR-India and International Reach

NAR-India is a leading association of real estate agents and brokers in India. It offers authorized training programs and works with NAR to promote ethical practices in the Indian real estate market.

Beyond the United States, NAR has established partnerships with real estate organizations in over 100 countries. These collaborations facilitate information exchange, professional development, and advocacy on behalf of the global real estate industry.

Role in the Real Estate Industry

NAR plays a pivotal role in shaping the real estate industry:

• Advocacy and Legislation: NAR advocates for policies that promote homeownership, investment, and sustainability in real estate.
• Education and Training: NAR offers comprehensive educational programs, including the REALTOR Designation and Graduate, REALTOR Institute (GRI) designation.
• Professional Standards: NAR establishes and enforces professional standards through its Code of Ethics and disciplinary procedures.
• Research and Data: NAR conducts research and collects data to provide insights into the real estate market and inform policy decisions.

By fostering professionalism, protecting ethical practices, and advocating for the industry, NAR contributes to the growth, stability, and integrity of the real estate market in the United States and beyond.