Understanding REALTORS and the National Association of REALTORS (NAR)
What Defines a REALTOR?
A real estate agent earns the title of REALTOR by becoming a member of the NATIONAL ASSOCIATION OF REALTORS (NAR), the world’s largest professional organization dedicated to representing the real estate industry. The term REALTOR is a legally protected membership mark, signifying adherence to NAR’s rigorous Code of Ethics and professional standards.
The Evolution of NAR
Established in 1908 with just 120 founding members, NAR has expanded into a powerhouse of over 720,000 members. This diverse network includes residential and commercial brokers, sales agents, property managers, appraisers, and industry specialists, all working under the NAR umbrella.
Membership Structure and Commitments
NAR’s membership is organized into:
- 1,700 local associations or boards
- 54 state and territorial associations
Members can further enhance their expertise through specialized institutes, councils, and sections focused on appraisal, international real estate, and other niches. A cornerstone of NAR membership is the obligation to uphold its Code of Ethics, which prioritizes professionalism and client advocacy.
NAR’s Mission and Impact
NAR champions the rights of property owners and advances the real estate profession through:
- Professional development programs
- Industry research and data sharing
- Advocacy for free enterprise and property ownership
By fostering collaboration among members, policymakers, and the public, NAR plays a pivotal role in shaping a fair and dynamic real estate market.
