NAR partners with four national multicultural real estate organizations to address shared real estate policy issues and to better serve REALTORS® who also hold membership in those organizations. Partnering with local chapters or boards of these organizations can be effective in engaging a more diverse membership base and expanding perspectives regarding the local real estate market.
Local Multicultural Real Estate Organizations
Over the past twenty years, local chapters and boards of national multicultural real estate organizations have grown and expanded in many cities. Local REALTOR® Associations often develop close working relationships which have benefits both organizations. At the same time, NAR has improved and strengthened its relationship with the national multicultural organizations, seeing increased diversity on NAR committees, coalition advocacy on issues such as access to credit and homeownership.
The National Association of Real Estate Brokers (NAREB or Realtists) was formed in 1947 by chartered African American real estate professionals out of a need to secure the right to equal housing opportunities, regardless of race, creed, or color. For more than 60 years, NAREB has participated in meaningful legal challenges and has supported legislative initiatives that ensure the availability of fair and affordable housing for all Americans.
The National Association of Hispanic Real Estate Professionals' mission is to advance sustainable Hispanic home ownership by educating and empowering the real estate professionals who serve Hispanic home buyers & sellers, advocating for public policy that supports the association's mission, and facilitating relationships among industry stakeholders, real estate practitioners and other housing industry professionals.
The Asian Real Estate Association of America (AREAA) is a nonprofit professional trade organization dedicated to promoting sustainable home ownership opportunities in Asian American communities by creating a powerful national voice for housing and real estate professionals that serve this dynamic market.
The National Association of Gay and Lesbian Real Estate Professionals (NAGLREP) is a mission driven non-profit organization that is part business and part advocacy. NAGLREP advocates on behalf of the rights of the Lesbian, Gay, Bisexual, and Transgender (LGBT) community as it relates to housing and discrimination laws. NAGLREP works to raise awareness through education and events to support fair housing for the LGBT community.
Benefits of Local Partnerships
When a local REALTOR® Association approaches and works with a local chapter or board of a multicultural real estate organization, this work can and has brought the following benefits:
- Value for individual REALTORS® – When a REALTOR® sees that their input is sought, views are valued and talents and skills are engaged, they see value in membership. When REALTORS® are active in multicultural groups and see that the REALTOR® Association is partnering with their group they see that their engagement, ideas and leadership are respected as well as included.
- Leadership – individual REALTORS® seeking to engage in Association matters to advance real estate and community issues often build leadership skills and experiences in both organizations. Inclusion of leadership representing diversity in our industry strengthens both the REALTOR® organization and the multicultural membership. Individuals will likely seek engagement in both organizations and build their skills to serve in leadership in the industry as both REALTOR® and multicultural leader.
- Improved Policy and Programs – Inclusion of diversity and of organized groups of members focused on specific issues or communities expands the knowledge and expertise that informs and helps develop policy positions. Different perspectives help develop policy and programs that are relevant to more of the market and membership.
- Improved professionalism – Providing equal and professional services requires an understanding of the needs and issues facing multiple communities. Engaging with multicultural real estate organizations opens avenues to community leaders and advocates to understand how REALTORS® can better serve the communities. Partnership also improves understanding of cultural differences so that the professional standards process to enforce the Code of Ethics is respectful and understanding of cultural differences.
- Expanded influence – Community leaders and policy makers representing many local and national multicultural demographic groups, seeing partnership, mutual respect and inclusion, are more likely to view our advocacy on real estate issues as coming from the communities and constituents they represent.