Portland Realtors | National Association of Realtors

Portland Realtors | National Association of Realtors | Free Portland Real Estate Search

Every Portland Realtor on the Exclusive Portland Real Estate team is a proud member of the National Association of Realtors. We are also proud members of the Oregon Association of Realtors and East Metropolitan Association of Realtors. Exclusive Portland Real Estate’s experienced Portland realtors will help you search, find and list all Portland real estate. Use our free Portland Oregon real estate home search to find the perfect home, then contact one of our Portland realtors today.

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National Association of Realtors

The National Association of Realtors (NAR), whose members are known as Realtors, is North America’s largest trade association. Representing over 1.2 million members (as reported November 2008), including NAR’s institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. NAR also functions as a self-regulatory organization for real estate brokerage. The President of NAR for 2010 is Vicki Cox Golder.

The National Association of Realtors was founded on May 12, 1908 as the National Association of Real Estate Exchanges, the founding group being located in Chicago, Illinois. In 1916, the National Association of Real Estate Exchanges changed its name to The National Association of Real Estate Boards. The current name was adopted in 1974.

NAR’s membership is composed of residential and commercial real estate brokers, real estate salespeople, immovable property managers, appraisers, counselors, and others engaged in all aspects of the real estate (immovable property) industry, where a state license to practice is required. Members belong to one or more of some 1,600 local Realtor boards or associations. They are pledged to a code of ethics and standards of practice, which includes duties to clients and customers, the public, and other Realtors.

Local associations are required to enforce the code of ethics through a Professional Standards Council or Committee. Trained members of the association form hearing panels charged with the responsibility of hearing testimony and evaluating evidence from complaints filed by the public or other members against association members for alleged violations of the code of ethics. If the panel finds the member in violation, disciplines recommended may be one or more of the following: a letter of warning or reprimand, educational courses, suspension or expulsion of membership, fines up to $5,000 and probation. All recommended disciplines by professional standards hearing panels are subject to the ratification by the association’s board of directors before the discipline takes effect.

Realtor is a frequently-used word in many countries to describe any person or company involved in the real estate trade, regardless of their NAR status or American residence. However, in the United States, the National Association of Realtors in 1949 and 1950 obtained registrations for the words “Realtor”[6] and “Realtors” as collective trade marks.

In 2003, Jacob Joseph Zimmerman, a real estate agent who was not a member of NAR, petitioned the U.S. Patent and Trademark Office to cancel the trademarks, on the ground that “Realtor” and “Realtors” were generic terms rather than a trademark. On March 31, 2004, the USPTO’s Trademark Trial and Appeal Board denied the petition.

As adherents to NAR’s code of ethics, Realtors are required to update their acquaintance with the code every four years by taking a course, available online or in person.

However, Realtors, as members of NAR, also have the option of studying for additional certifications in a variety of specialties, several of which are backed by NAR with offerings of certification and update courses available nationwide.

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Personal Service From Portland Realtors

At Exclusive Portland Real Estate you will receive the personal service and responsive attention from our experienced Portland real estate team. Buying a home can be one of the most important investments in your life so make sure you work with a team that has your best interests in mind.

NAR Educational Requirements & Recognized Designations

The most well known NAR sponsored designations are the following:

* Accredited Buyer Representative (ABR). The Real Estate Buyers Agent Council has over 40,000 members and is the largest association of real estate professionals focusing on all aspects of buyer representation. Of the REBAC members, over 30,000 have completed REBAC’s two-day course and provided documentation of buyer agency experience. Linked to the ABR is the ABRM, Accredited Buyer Representative Manager (ABRM) for managers.

* Accredited Land Consultant (ALC). ALC’s are specialists in land brokerage transactions, including farms and ranches, raw land sales and development.

* Certified Commercial Investment Member (CCIM). CCIMs are specialists in commercial real estate brokerage, leasing, valuation and investment analysis. There are more than 7,500 designees and an equal number of candidates principally in North America, but also in Asia and Europe.

* Certified Property Manager (CPM). Geared to real estate property management specialists, designees handle all forms of management from residential to commercial to industrial.

* Certified Real Estate Brokerage Manager (CRB). The designation is awarded to Realtors who have completed the Council’s advanced educational and professional requirements.

* Certified Residential Specialist (CRS). CRS Designees earn a median income of $85,000 annually, nearly 3 times the $29,400 median income of Realtors® serving as sales associates[15]. They also average a total of 21 transactions per year with gross sales of $3.2 million[16]. Requirements for this designation include a total of at least 25 transactions (or specific volume of sales) over a specific time period, and significant experience, as well as educational requirements.

* Certification for Internet Professionalism (e-PRO). An e-PRO is a Realtor who has undergone a new training program presented entirely online to be certified as Internet Professionals. NAR is the first major trade group to offer certification for online professionalism which involves all aspects of doing business on the internet. This is not a designation but rather a certification sponsored by NAR.

* Certified International Property Specialist (CIPS). Realtors with the CIPS designation have training and hands-on experience in international real estate transactions, Whether traveling abroad to put transactions together, assisting foreign investors, helping local buyers invest abroad, or serving an immigrant niche in local markets. CIPS designees have also completed a program of study focusing on critical aspects of transnational transactions, including currency and exchange rate issues and cross-cultural relationships, regional market conditions, investment performance, tax issues and more. The CIPS network consists of 1,500 real estate professionals from 50 countries.

* Counselor of Real Estate (CRE). A CRE designee is one of only 1,100 by-invitation-only members of an international group of professionals who provide seasoned, objective advice on real property and land-related matters.

* Graduate of the Realtor’s Institute (GRI). The GRI designation is held by 19% of Realtors and courses are offered through state Realtor associations with 90 hours of coursework on marketing and servicing listed properties to real estate law. In a 2003 survey, NAR has determined that GRIs earned over $33,200 more annually than non-designees.

* Real Estate Professional Assistant (REPA). Designed for administrative assistants or employees of Realtors (who may or may not hold a real estate license), a two-day certificate course provides an intensive introduction to the real estate business and to the specific ways support staff can become valuable assets to their employers.

* Seniors Real Estate Specialist (SRES). The SRES is a designation for Realtors to address the needs of home buyers age 50-plus, the largest and wealthiest buyer’s group in the country. SRES is a council of REBAC, a wholly owned subsidiary of The National Association of Realtors.

Portland Realtors At Exclusive Portland Real Estate

Every Portland Realtor on the Exclusive Portland Real Estate team is a proud member of the National Association of Realtors. We are also proud members of the Oregon Association of Realtors and East Metropolitan Association of Realtors. Exclusive Portland Real Estate’s experienced Portland realtors will help you search, find and list all Portland real estate. Use our free Portland Oregon real estate home search to find the perfect home, then contact one of our Portland realtors today.