National Association of Realtors

The National Association of Realtors was originally called the National Association of Real Estate Exchanges. The Association was founded on May 12, 1908 at the YMCA Auditorium in Chicago, Illinois. The objective was “to unite the real estate men of America for the purpose of effectively exerting a combined influence upon matters affecting real estate interest.” In 1916, the National Association of Real Estate Exchanges name was changed to The National Association of Real Estate Boards.

The term “Realtor” was devised by Charles N. Chadbourn. This term identified real estate agents as members of the National Association of Real Estate Boards, and part of the realtors strict Code of Ethics, which was adopted in 1913. In 1916, the Board gave all rights to the word “realtor” to the National Association. Later in years, more excitement came about. In 1949 and 1950, the Patent and Trademark Office registrations for the term Realtor, and the emblem was approved. In 1967, the dictionary began to publish the term realtor as one being a member of the National Association.

The name National Association of Real Estate Boards was changed to the National Association of Realtor in 1974. Not only was this name fitting, but Association also adopted The Voice for Real Estate as its themes as part of its official along. Along with this theme, the Association encouraged more members to include the realtor emblem on their business cards, and also stationary. The National Association of Realtors became the largest trade association in the United States in the early 1970’s, with over 400,000 members. Now the Association has doubled the number of members. It now has over 850,000 members, with 54 State Associations, including Guam, Puerto Rico, and the Virgin Islands. There are also more than 1,500 local associations. Over the years, the National Association of Real Estate Association has evolved into many different reliable divisions and institutes, societies.


 
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