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NATIONAL ASSOCIATION OF REALTORS.   Term Paper ID:21542 Click to get this paper

Essay Subject: Origins, purpose, functions, organization, leadership, membership, certification, ethics, affiliates, lobbying efforts, effectiveness.... More...

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Paper Abstract: Origins, purpose, functions, organization, leadership, membership, certification, ethics, affiliates, lobbying efforts, effectiveness. Paper Introduction: The real estate profession is essentially a profession of service, and the human element enters into every sale and purchase of real property. As no two clients are the same, neither are any two buildings, which may differ in size, shape, construction and value, and are subject to deterioration and obsolescence. To contain this variety of clients and products, several professional organizations serve the marketing and management functions of real estate, and all are affiliated with the National Association of REALTORS (NAR). (REALTOR is a federally registered collective trademark, and only active brokers who are members of state and local NAR boards are permitted to use this trademark). The profession, however, was not always so well governed. Before laws required real estate agents to have licenses, local Text of the Paper: The entire text of the paper is shown below. However, the text is somewhat scrambled. We want to give you as much information as we possibly can about our papers and essays, but we cannot give them away for free. In the text below you will find that while disordered, many of the phrases are essentially intact. From this text you will be able to get a solid sense of the writing style, the concepts addressed, and the sources used in the research paper. William D. Today, the NAR and its affiliate, theInstitute of Real Estate Management will not only research this hazardousissue, but also begin to draft position papers for proposed federalregulations ("Lead Paint . Sometimes referred to as boards of realtors, realestate boards and realty boards, these new, nationally recognizedorganizations had three principal functions: to promote fair dealing amongits members; to protect its members against unscrupulous nonmemberlicensees; and to promote and protect the interests of the public. the bulk of the code addresses itself to the obligations of a Realtor that are beyond the written law. After more than 2 years of service to the association, outgoingPresident Bill North commented on his tenure: At the time, [when elected] we were running a deficit of $6 , per month . (1993, January-February). (1987). The year ahead: Aninterview with Nonnan D. . 4). In 1974, the NAREB was succeeded by the NAR, and the local boardsremained as fundamental units. The NAR has notfailed to fulfill its duty in this regard. Projects and programs offered bythe board are sponsored and directed by committees. [same as RNMI] with industrial property; Real Estate Securities and Syndication Institute (RESSI) . Lead paint regulations. Real estatefinance. In the eight years since the Tax ReformAct went into effect, the NAR has battled bureaucratic interests to changeprovisions which treat real estate professionals unfairly. . NA.R marks double Win on legislation.Realtor News p. 4). As new technologies enter the marketplace, thepressure on all information-providers will increase. (1994, January). will foster a high degree of interaction and support at all Council levels . NAR's"product" is information. And if we're going to be efficient and effective nationally, we can't have a cacophony. In the sale of residential and commercialproperties, the real estate industry, especially state and local boards,has perennially been criticized for its lack of a comprehensive rule ondisclosure. If the NAR's lobbying efforts could be described as a two-prongedfork, the prongs would be to protect the housing industry from over-regulation and to preserve everyone's right to own private property. From the President. (REALTOR is a federally registeredcollective trademark, and only active brokers who are members of state andlocal NAR boards are permitted to use this trademark). The availability of credit, for example, may trigger home buying,real estate construction and the refinancing of mortgages ("NAR MarksDouble..." 1994, p. Real estateprinciples. Norton. State associations are composed of local boards and brokers and salesassociates, who live in areas where no local boards have been organized.The state association's purposes include the following: uniting itsstatewide members into a political and business force; originating andintroducing legislation to benefit the statewide industry and the generalpublic in real estate transactions; and using its considerable influence toadvance and to abet economic growth and development. These designations are receivedfrom several affiliates of the NAR. . Real EstateToday, p. The coordination alone,for example, required for dealing with national, state and localgovernments, educating its members, protecting property rights andenhancing its own professional reputation in the meantime is a taskgenerally assigned to governments or multinational corporations. Local board members are customarilyscheduled to meet each month for informational and motivational programsand to enhance professional growth and relationships. Jacobus. There are, for example,the Telecommunications Act and the Lobbying Disclosure Act presently beingconsidered by the Congress. 7 ). Lobbying expense proposal. to promote professionalism among real property managers; Realtors National Marketing Institute RNMI), to . (1991, November-December). --- (1994, April 11). As the public'sinterest in the environment, mortgage rates, housing and farm subsidies andgovernment regulations increases, the NAR will have to adjust its goals toaccommodate a more concerned public. will be recognized as the premiere real estate leadership development organization . (1992, August). Smith Harbert C. and John B. 18-19). Whatthe law does not declare, ethics demands. . 25). will be financially diversified and secure . We turned the financial position of the Association around, so that last year we gave back to the members more than $2.5 million, and that's after restoring the reserves that had been brought down before I took over . Chee believes the Association should be responsive to the catalyst for change. In the lobbyingbusiness, however, success is often the result of determination andconviction, and in a democracy, fortunately, the Constitution providescitizens with the right of appeal. Beforelaws required real estate agents to have licenses, local professional realestate organizations called real estate boards invited agents to join on avoluntary basis. It would be impossible, for example, to compare the manyhard-won victories in the day-to-day struggles before legislativecommittees and between competing interests and the devastating defeatcaused by the passage of the 1986 Tax Reform Bill. NAR Acclaimed for win on passive loss.Realtor News, p. As the public became more sophisticated in real estate transactions,many brokers and associates considered the value of specialization. The profession, however, was not always so well governed. Greater supervision of agents'activities, they believed, would achieve two important ends: establish adiscipline of professional performance and elevate the status of agents andof the profession in the public's mind. . When the perception ofdiscrimination arises, as it did during Senate hearings on the Housing andCommunity Development Act of 1993, the NAR and the Institute of Real EstateManagement lobbied the Senate Banking Committee to drop the controversialprovision ("Multifamily Provision," 1993, p. Although many PACstry to fine-tune their interrogatories by limiting their number, the NAR isnot one of them. In all industries, a strictobservance of sound ethical principles is essential. 19.----------------------- 1 4). . The fear business has ofgovernment encroachment is legendary. . 19). 4). Many veteran real estate agents, however, recognized theneed for a more controlling organization. 25. Although the NAR will unfailingly follow eachstep in the deliberations of the various committees studying these acts,the NAR has determined that no official position at this time is necessaryor desirable. 3 8). 38 (7), p. The organization I believe, has the expertise, imagination and capacity to carry out whatever programs and projects the membership and the leadership believe are necessary (Bleasdale, 1991, pp. The political affairs division of the National Association of Realtors has established the Realtors Active in Politics (RAP) program. The government continues to become involved in more real estate-oriented activities: "The involvement of government at all levels isincreasing. . 17-22). 486). As theorganization matured and received the public's acceptance and trust, itsfunctions expanded to include the following: protecting property rights bydrafting and introducing legislation; offering educational seminars toapprise members of changes in the laws, local practices and matters ofcommerce; and recommending activities which would advance a more dignifiedand stable public image. Johnson. Chamber ofCommerce and the American Society of Association Executives, recognizingthe jeopardy to their mutual interests in this potentially critical pieceof legislation, joined together to thwart the president's proposed plan("Lobbying Expense . Once the reality of increased government activity and participationin the real estate industry is used as a proper standard by which tomeasure the effectiveness of the NAR's lobbying efforts, the NAR is to becommended. . . . 4). 18 ). Inside NAT: A new chapter inagency policy. Not only did the act seriouslycurtail the three-martini lunch, it also disallowed many entertainmentexpenses, which, by custom, had become a part of one's "income." WhenPresident Clinton proposed that trade association members could no longerdeduct the portion of their membership dues used by their associations forlobbying, the business sector was outraged. Real Estate Today. Flynn commented on the divisionof responsibility between local boards and the National Association in aspeech to the National Association of Real Estate Editors: The National Association should be dealing with national legislative and regulatory issues. "We have to recognize that we're ruled by members, and members must recognize that they're ruled by consumers" (Filisko, 1993, pp. Real EstateToday magazine President Robert H. Elrod, for example, believed manychanges were forthcoming: Information is your main product. One of the most crushing defeats to the lobbying efforts of the NARwas the passage of the 1986 Tax Reform Act. . References Bleasdale, Julie. It is the governing body which makesdecisions and sets policy for the board. In either case, however, greater expertise will be expected. (1985). Theselobbying efforts supported by the REALTORS Political Action Committee(RPAC) are the reasons why the NAR is among the most powerful associationsin the nation. Your value and productivity depend on your access to information and the skill with which you apply that information to serve buyers and sellers . 4. New Jersey: Prentice Hall. Real estate:Perspectives. Real Estate Today, p. 14. pp. . The enormous range of NAR activities is impressive, and therein maybe one of its greatest challenges for the future. State and municipal housing authorities have developed theirown housing programs using tax-exempt bonds, and city and countygovernments affect housing through local zoning and [the] use ofordinances" (Buchanan and Johnson, 1988, p. Today, the NAR boasts amembership of more than 8 , , a budget of approximately $38 million, astaff of 45 and about 2,5 active volunteers, and maintains a library of2 , books, 7 periodicals and a comprehensive file on most real estatesubjects. " 1994, p. WCR strategic plan creates a vision fortomorrow. Forthcoming legislation defines a lobbyist as one who spends morethan 1 percent of one's time communicating with executive and legislativebranch officials and staffs concerning the formulation and adoption oflegislation, regulations, policies, or programs ('including grassrootsactivities) or one who receives more than $2,5 in income or spends morethan $5, during a six-month period on lobbying activities. . Illinois: Irwin. Several thousand realtors were signed up for RAP by 1984 (Sabato, 1985, p. --- (1993, April 12). . . --- (1994, November 1). Flynn. 199 Association President Norman D. In other words, the NAR, its affiliates andlocal boards continue, despite a tremendous growth in its membership andresponsibilities, to forge ahead with the knowledge of and confidence intheir problem-solving capabilities. Local boards are organized as follows: the board of directors iselected by the members and consists of as many officers and directors aslocal rules and activities require. To contain this variety of clients andproducts, several professional organizations serve the marketing andmanagement functions of real estate, and all are affiliated with theNational Association of REALTORS (NAR). --- (1993, November 1). Chee accepted the association's challenges aspresident in 1993, he described his goals as less than exciting. Buchanan, Michael R. . As a result of its work, 44 states have developed a disclosurerule (Hoffman, 1992, p. Elrod, Robert H. . The real estate profession is essentially a profession of service,and the human element enters into every sale and purchase of real property. These affiliates and their purposesinclude the following: The American Institute of Real Estate Appraisers (AIREA), to provide educational programs, sponsor research, and publish materials on real estate appraisal; American Society of Real Estate Counselors (ASREC), same as AIREA but for individuals involved in sophisticated real estate counseling; Farm and Land Institute (FLI), to publish materials to assist those in land sales, development, management, and syndication; International Real Estate Federation (REF), to promote an understanding of real estate practices throughout the world; Institute of Real Estate Management (IREM), . Issues which currently command NAR's attention and an officialassociation response include the following: unfunded federal mandates,clean air, clean water and wetlands, endangered species, federal landacquisitions and use, grazing rights, natural resources, the Superfund,timber, flood insurance, Radon, lead-based paint, private property rights,indoor air quality, electromagnetic fields, endangered species, advertisingand fair housing, multifamily housing and housing for older persons,occupancy standards, depreciation and tenant improvements, Farmers HomeAdministration, FHA single family housing, Rural Housing Finance andVeterans Housing. Vol. . He did,nevertheless, intend to reshape the organization, and he acknowledgedproblems: For instance, Chee knows that one criticism of the Association is that it reacts sluggishly to changes in the marketplace. In other words, to be recognized as a Realtor, one must not only comply with the letter of the law, but also observe the ethical standards by which the industry operates (Harwood and Jacobus, 199 , p. So he's working to create a culture in which the Association can address changes swiftly and intelligently . . (199 , January-February). . When William S. Whether or not the NAR can succeed inthis dynamically changing real estate and economic environment may best beanswered by an examination of the past. . --- (1994, April 11). . . Sabato, Larry J. Considerableeffort has been given to identifying goals: The following outcome-oriented goals collectively define WCR's vision. The bottom line is that you should look to the leadership of the REALTOR organization to deliver the services you need to survive in a competitive marketplace. The local boards and state associations can't comfortably spend their resources on such matters. The NAR, the U.S. . The association, which strives to keep its members informed oncurrent issues and events, comprises the following divisions:communications, economics and research, education, forecasting,governmental affairs, legal affairs, political affairs and research.Through its various institutes, societies and councils, the NAR offers avariety of specialized designations, which more specifically describe anactivity within the real estate industry. W. The effectiveness of the NAR may also be seen in its ability to workindependently or with its affiliates. To form this controllingorganization, local boards were gradually grouped into state associations.By 19 8, these associations combined to form the National Association ofReal Estate Boards (NAREB). 4). As no two clients are the same, neither are any two buildings, which maydiffer in size, shape, construction and value, and are subject todeterioration and obsolescence. There is no particular order of importance as each goal equally and specifically serves to improve and enhance WCR and its member benefits. 17-18. [same as RNMI] among those marketing real estate securities and syndication shares; Women's Council of REALTORS (WCR), to provide educational programs, training, and publications for women REALTORS primarily involved in residential sales (Smith and Corgel, 1987, p. --- (1994, November 4). If you become just another customer of data supplied by outside information giants, you diminish your value to the parties in a transaction . For example, In Article 2, the Realtor agrees to stay informed regarding laws and regulations, proposed legislation, and current market conditions in order to advise clients properly . The NAR has four major organizational goals: to create unity inthe real estate profession; to compile relevant data about real estate; toprotect and promote private ownership of real property; and to establishand maintain professional standards of practice. . Washington, DC: American Bankers Association. Harwood, Bruce and Charles J. " 1993, p. 3 8). We need a clear harmonious voice, and the National Association can speak much more clearly than local groups with narrower viewpoints (Koslowsky, 199 , pp. WCR will be the membership's preferred resource for personal development . In this text, there have been manyexamples of early goals and future expectations articulated by incoming andoutgoing NAR presidents. . . The cooperative spirit between the NAR and its affiliates has been amajor factor in achieving the association's professional and politicalgoals. Each realtor enrolling in RAP pledges to commit at least 24 hours to some political activity, with those who devote greater time eligible for recognition awards. Certification serves as a secondary signaling device by informing buyers that the individual is honest and competent in a particular specialty. The fact thatthe NAR eventually convinced the Congress to modify passive loss rules, wasan accomplishment that deserved industry-wide recognition ("NARAcclaimed..." 1994, p. Succeeding presidents introduced agendae thatseldom include past problems. Real Estate Today. Moreover, when the NAR succeeded in laying thefoundation for a secondary market for commercial and investment real estateloans, it simultaneously reduced the possibility of future creditlimitations and brought substantial, new business to loans traders ("C&ILoan..." 1994, p. and Ronald D. 4. PAC power: Inside the world of politicalaction committees. 4. Although most affiliates accommodatetheir memberships by fulfilling the customary duties of educating,promoting and publishing, the Women's Council of Realtors may be the mostdiligent and circumspective in streamlining operations. It is difficult to determine at this time whether there is a trend toward more licensing or [toward] more certification as the primary signaling device to buyers of real estate services (Smith and Corgel, 1987, p. Many PACs form their strategies from the results of surveys whichcongressional members are asked to complete and return. Realtor News, p. Some members see the NAR as a roof of a house encompassing all of theservices available to members of the largest trade association in thenation. 58. You must demand from your local boards, state associations, and the National Association those services which will ensure your position as the primary provider and distributor of all information that consumers need in real estate transactions (Elrod, 1994, p. Typical committeesinclude membership, education, public relations and legislative.Committees are the hub of the board operations and provide an idealopportunity for member involvement. The Association recognizes that advances in technology are challenging your position as the primary provider of real estate information. 58-61). . Multifamily provision. . promote professionalism among REALTORS in areas of commercial/investment property analysis, residential sales, and office administration; Society of Industrial Realtors (SIR) . . Many realtors havebeen encouraged to become more involved in political activities: The business-oriented trade associations have been particularly aggressive in political education. Bill Chee: A quietgeneral. . 4. . When an association's Agency Task Force was appointed toresolve this problem, it had to devise a standard that could be acceptednationwide. (1988). As past and present presidents of real estate-related organizationshave reviewed the activities and potential of the industry, one may find intheir remarks the best evidence of its progress and needs. Koslowsky, Lynn. Communique. p. The scope of NAR's lobbying includes many activities in the financialmarkets. . The education programs which the NAR and its affiliates advocate arenot solely directed toward the business of real estate. Filisko, Gabriella. North:Keeper of the flame. . 1 -17). Corgel. The measure of success or failure of any PAC is difficult tosubstantiate. New York: W. According tothe NAR's Public Policy Coordinating Committee, all issues before theCongress and the executive branch concerning the real estate profession donot necessarily prompt an official NAR position. Real Estate Today, p. " 1993, pp. C., in addition to those headquarteredin Chicago. (199 ). . will be recognized as a valued resource to assist members in their financial growth and security ("WCR Strategic . 5th ed. Ethics is a major concern tothe NAR: One of the most important features of the National Association of Realtors is its Code of Ethics. Realtor News p.4. In 1914, the board drafted a model licensinglaw, which became the basis for the real estate license laws in moststates. 7 ). --- (1993, September). C&I Loan Market. When the NAR was formed as an aggregation of local boards and stateassociations, one of its first decisions was to reserve the term REALTORfor the exclusive use of members of the NAR, who, by accepting membership,pledged themselves to abide by the association's Code of Ethics.Subsequently, membership increased as local boards accepted anyone holdinga real estate license. Realtor News, p. Realtor News, p.4. In past years, an issue such as lead paint toxicity may have arisenand been attended to locally. Its what you [members] use to meet consumers' needs. To guarantee vigilance and visibility, NAR maintains alegislative staff in Washington, D. Ahigher degree of certification appears imminent: In recent years the trend has been toward more certification of specialists in the real estate business. Hoffmann, Christina. It may be the most aggressive on Capitol Hill: "TheNational Association of Realtors apparently holds the record for surveylength: fifty-five questions on every major political issue on the nationalagenda even remotely connected to real estate" (Sabato, 1985, p. First adopted in 1913, the Realtor Code of Ethics has been revised several times since then and now contains 23 articles that pertain to the Realtor's relation to his clients, to other real estate agents, and to the public as a whole . 19. If this paper is not what you are looking for, you can search again: Search for: or Click here to request an essay written just for you.