Russell K. Booth was 1997 president of the National Association of REALTORS®.
Embracing Your Diversity
February 1, 1997
The great mission of the REALTOR® organization is to meet the real business needs of each of you. Although the majority of you toil mostly in the residential vineyards, many thousands labor in diverse fields--and you wonder what the NATIONAL ASSOCIATION OF REALTORS® is doing for you.
Let me share with you some of the things NAR is doing to reach out to you in your different practices. In many of these ventures, we've sought, and we'll continue to seek, stronger partnerships with our affiliate organizations to make a broad array of services available to nonresidential members, to promote nonresidential services offered by affiliates, and to eliminate costly, duplicative services.
As a commercial practitioner, I have a keen interest in how NAR relates to commercial members. Since NAR authorized commercial overlay boards about four years ago, more than 24 have been established at the state and local levels.
NAR and its allies have taken the first steps toward establishing a secondary market for commercial mortgages to make sure you'll have a better supply of money at lower rates and better terms for smaller and midsize commercial projects.
NAR is a sponsor of the Appraisal Foundation in Washington, D.C., which establishes minimum standards and criteria for all state--licensed and state--certified appraisers. We are also referencing the Uniform Standards of Professional Appraisal Practice in our Code of Ethics. NAR's Appraisal Section, now in its seventh year, has more than 5,000 members. Two designations have been established for appraisers: the RAA and the GAA. Since these designations were first offered in May 1994, more than 1,100 have been awarded. NAR remains in the forefront of developing education courses for certification offered through state and local associations.
NAR's purchase of the Real Estate Buyer's Agent Council in November has added a new dimension to how we serve members who practice buyer agency and is a sign of NAR's commitment to quality training for buyer's representatives.REALTORS® who fulfill requirements can earn the ABR designation.
Large Brokers Advisory Council
NAR's elected Leadership Team has set up an advisory council of large brokerage companies. This council will provide input to the Leadership Team on many, varied bottom--line business and association issues.
We continue to strive to better serve our diverse membership needs.
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Updated: March 27, 2020