National Association of Realtors (NAR)
Definition and meaning of National Association of Realtors (NAR) in real estate.
The National Association of Realtors (NAR) is the largest professional trade association in the United States, representing real estate brokers, salespeople, appraisers, and other industry professionals. Members must agree to abide by a strict code of ethics and are authorized to use the registered trademark term Realtor.
In more detail
NAR provides its members with educational opportunities, research, and professional development programs to maintain high standards of service. The organization also lobbies at the federal and state levels for policies that protect private property rights and support the real estate industry. While real estate licensing is managed by state governments, NAR membership is voluntary, though it is often required to access local multiple listing services. The group plays a significant role in shaping transaction customs, guidelines, and broker compensation structures nationwide.
Key facts
| Category | Buying & Selling |
|---|---|
| Membership type | Voluntary professional trade association |
| Key trademark | Realtor |
| Primary benefit | Access to local MLS databases and industry lobbying |
An active real estate salesperson joins their local board of real estate agents, which automatically grants them membership in the state association and this national organization, allowing them to use the Realtor designation on their business cards.
Frequently asked questions
Is membership in this association required to practice real estate?
No, a real estate agent only needs a state license to practice. However, joining this association is often necessary to gain access to the local multiple listing service.
What is the primary goal of this association?
The association aims to promote professional standards, advocate for private property rights, and provide resources to support its members' businesses.