Friday, October 13, 2006
The National Association of Realtors (NAR), whose members are identified as Realtors, is North America's biggest trade association, representing over 1 million members, with NAR's institutes, societies, and councils, concerned in all aspects of the residential and profitable real estate industries. NAR also functions as a Self Regulatory Organization intended for real estate brokerage.
NAR's membership is calm of residential and commercial real estate brokers, real estate salespeople, fixed property managers, appraisers, counselors, and others engaged in all aspects of the real estate industry, where a state license to practice is required. Members belong to one or extra of some 1,600 limited Associations of Realtors and Boards of Realtors in the 54 states and land Associations of Realtors. They are pledged to a Code of Ethics and Standards of Practice, which includes duties to clients, the civic and other Realtors.
The NAR wields extensive power as a lobbying group on behalf of agents and brokers. In 2005, NAR had the biggest Political Action Committee in the United States; it is moreover the 3rd largest donor in the 2004 Presidential Election.
The National Association of Realtors is also a part of The Real Estate Roundtable, a strategy group in Washington, D.C.
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