National Association of Realtors (NAR)

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Definition of 'National Association of Realtors (NAR)'

The National Association of Realtors (NAR) is a professional trade association of real estate brokers, salespeople, property managers, appraisers, and other real estate professionals in the United States. It was founded in 1908 and is headquartered in Chicago, Illinois. The NAR has more than 1.4 million members, making it the largest trade association in the United States.

The NAR's mission is to "promote the highest ethical standards of real estate practice and to protect the interests of real estate consumers." The association provides its members with a variety of services, including education, training, research, and advocacy. The NAR also publishes a variety of resources, including the "Realtor Magazine" and the "NAR Home Buyers and Sellers Guide."

The NAR is a powerful lobbying group that has a significant influence on real estate policy in the United States. The association has been a strong advocate for homeownership and has worked to promote policies that make it easier for people to buy homes. The NAR has also been a vocal opponent of government regulations that it believes are burdensome to the real estate industry.

The NAR is a controversial organization. Some critics argue that the association is too powerful and that it represents the interests of real estate professionals at the expense of consumers. Others argue that the NAR is a valuable resource for real estate professionals and that it plays an important role in promoting homeownership in the United States.

The NAR is a complex organization with a long and storied history. It is a powerful force in the real estate industry and it has a significant influence on real estate policy in the United States. The NAR is a controversial organization, but it is clear that it plays an important role in the American economy.

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