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NATIONAL ASSOCIATION of REALTORS® Fact Sheet

WHAT: The NATIONAL ASSOCIATION OF REALTORS® , “The Voice for Real
Estate,” is America’s largest trade association, representing 1 million members,
including NAR’s institutes, societies and councils, involved in all aspects of the
residential and commercial real estate industries.

WHO: Our membership is composed of residential and commercial REALTORS®,
who are brokers, salespeople, property managers, appraisers, counselors and others
engaged in all aspects of the real estate industry. Members belong to one or more of
some 1,600 local associations/boards and 54 state and territory associations of
REALTORS®. They are pledged to a strict Code of Ethics and Standards of Practice.

WHY: Working for America's property owners, the National Association provides a
facility for professional development, research and exchange of information among its
members and to the public and government for the purpose of preserving the free
enterprise system and the right to own real property.

The Term REALTOR®
The term REALTOR® is a registered collective membership mark that identifies a real
estate professional who is a member of the NATIONAL ASSOCIATION OF
REALTORS® and subscribes to its strict Code of Ethics.