NAR, CRL & Boom!

NAR, CRL & Boom!

Time has transformed the landscape of our communities, as well as the ways in which we conduct business within this landscape and with each other. Inevitably, we seek to develop processes that encompass all aspects of our dealings.

We see such acronyms as NAR, CRL and a multitude of others in the news or in the course of selling or buying a home. They stand as stepping stones, paving the way to a structurally sound process.

I thought I would dedicate some Blog space to an oversight of often mentioned, yet little known industry agencies and associations. First on my list, NAR, The National Association of Realtors.

Upon visiting the NAR website, you may read the one sentence that defines their mission. “The core purpose of the NATIONAL ASSOCIATION OF REALTORS® is to help its members become more profitable and successful.”

What does it mean to be profitable and successful in an industry that, though it deals with the exchange of property, must first be concerned with standards of service in order to fulfill its mission? We turn to the NAR vision for the answer.

“It seeks to be the leading advocate of the right to own, use, and transfer real property; the acknowledged leader in developing standards for efficient, effective, and ethical real estate business practices; and valued by highly skilled real estate professionals and viewed by them as crucial to their success. Working on behalf of America’s property owners, the NATIONAL ASSOCIATION OF REALTORS® 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, use, and transfer real property.”

It is always fascinating, and in some instances reassuring, to discover how much effort and dedication is involved behind the scenes. There is far more to the “For Sale” sign than connecting a seller with a buyer. It involves a rather complex web of human interaction that requires perfect orchestration.

A licensed Realtor can be your most valuable resource and ally. He or she agrees to adhere to high standards of service and a very strict Code of Ethics. To learn more about this, I invite you to visit the NAR website, most especially the Code of Ethics and Standards of Practice page.

We are far from the land runs of the late 1800’s. The “Boomers”, those who had awaited the cannon’s boom that signaled them to claim their lots, would have had a completely different experience had there been some sort of primitive National Association of Realtors or Center for Responsible Lending at the time. Can you imagine that?

Also read: Of Wealth & Responsibility, an overview of The Center For Responsible Lending.