NAR
NAR is the acronym for National Association of Realtors.
National Association of Realtors
A significant trade organization in the United States representing individuals involved in the residential and commercial real estate industries, including agents, brokers, property managers, appraisers, counselors, and others engaged in all aspects of the real estate industry. Established in 1908, NAR is known for its large membership base and influence in the real estate sector.
NAR advocates for its members and the real estate industry, working on public policy, providing education, promoting professional ethics, and offering various services to its members. One of its key roles is to uphold professional standards in the industry through a code of ethics that its members must adhere to. This code outlines duties to clients, customers, the public, and other real estate professionals.
NAR also operates multiple listing services (MLS) through its local associations, which are databases of property listings that provide information about properties for sale. These MLS platforms are crucial tools for real estate professionals, facilitating the sharing of information and fostering cooperation among agents and brokers.
The organization plays a significant role in shaping the real estate market in the United States by influencing legislation, participating in legal disputes, and contributing to the discussion on housing policies and industry standards.
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