Definitions for "NATIONAL ASSOCIATION OF REALTORS"
Trade association representing real estate sales professionals. Realtors® is a registered trade mark of the National Association and is properly used only to describe members of the Association, not all real estate brokers or agents. Headquartered in Chicago, Illinois.
A national trade organization comprised of real estate brokers, salespersons, and affiliated professions. The primary goal of the NAR is to promote the private property rights of individuals and to act as the spokesman for the real estate industry through legislative and education activities.
Founded in 1908, NAR has grown from its original nucleus of 120 to today's 720,000 members. NAR is composed of residential and commercial REALTORS®, who are brokers, salespeople, property managers, appraisers, counselors and others engaged in all aspects of the real estate industry. Members belong to one or more of some 1,700 local associations/boards and 54 state and territory associations of REALTORS®. They can join one of many institutes, societies and councils. NAR offers members the opportunity to be active in appraisal and international real estate specialty sections. REALTORS® are pledged to a strict Code of Ethics and Standards of Practice.