|This article was published on: 05/01/2004|
COVER FEATURE: The Power of One Million
The Power of One Million
BY FREDERIK HELLER
REALTORS®’ service tradition
In some of the country’s darkest times, REALTORS® have come together to provide assistance and show their commitment to the nation. In one of the most devastating events in the country’s history, four planes were brought down by terrorists, killing thousands in New York City, Washington, D.C., and Pennsylvania on Sept. 11, 2001. Within 24 hours, NAR’s members had launched the massive REALTORS® Housing Relief Fund, ultimately raising and distributing more than $8 million to 1,223 families of victims over the course of three months.
1900 Homeownership rate is 46.7%.
1908 The National Association of Real Estate Exchanges (later NAR) is founded in Chicago on May 12.
1912 Titanic sinks on its maiden voyage from England to New York.
1913 First NAR Code of Ethics is adopted, and membership stands at 6,000.
1914 World War I begins.
1916 The association changes its name to the National Association of Real Estate Boards and adopts the term REALTOR® for its members.
1917 United States enters World War I; one year later, Germany surrenders.
1920 Homeownership rate is 45.6%, and NAREB has 10,077 members; Congress passes the mortgage interest deduction.
1923 NAREB adopts the REALTOR® “R” emblem.
1929 In October, the stock market crashes, marking the beginning of the Great Depression.
1930 Homeownership rate is 47.8%, and, NAREB has 18,918 members.
1933 Unemployment hits 25%.
1940 Homeownership rate dips to 43.6%, and NAREB membership falls to 14,162.
1941 Dec. 8, one day after Japan’s surprise attack on Pearl Harbor, the country enters into World War II.
1945 In May, Germany surrenders to the Allies; in September, Japan surrenders to the United States, ending World War II.
1949 The term REALTOR® is granted trademark status by the U.S. Patent Office under
Registration Number 515,200. The emblem is granted trademark status the following year.
1950 Homeownership rate is 55%, and NAREB has 43,503 members.
1960 Homeownership rate is 61.9% and NAREB has 68,818 members.
1962 Cuban Missile Crisis brings the United States and the Soviet Union to the brink of war.
1963 President John F. Kennedy is assassinated.
1964 Congress enacts the Civil Rights Act.
1968 Title VIII of the Civil Rights Act of 1968, better known as the Fair Housing Act, outlaws discrimination in housing; NAR begins tracking existing-home sales.
1969 Neil Armstrong walks on the moon; NAREB forms the Real Estate Political Action Committee (REPAC), which later becomes the REALTORS® Political Action Committee.
1970 Homeownership rate is 62.9% and NAREB has 94,625 members.
1973 The last U.S. troops pull out of Vietnam as a peace pact is signed in Paris.
1974 NAREB changes its name to NATIONAL ASSOCIATION OF REALTORS® (NAR) and opens membership to real estate salespeople. President Nixon resigns.
1980 Homeownership rate is 64.4%, and NAR has 761,391 members.
1988 Fair Housing Amendments Act adds handicap and familial status to the types of discrimination outlawed.
1989 Berlin Wall falls, marking the end of the Cold War; NAR adopts The Voice for Real Estate® as its theme. Membership peaks at 822,935, a level it won’t reach again until 2002.
1990 Homeownership rate is 64.9%, and NAR has 810,607 members.
1997 REALTOR.com is officially launched.
1998 NAR launches public awareness campaign.
2000 Homeownership rate is 67.4%, and NAR has 766,560 members.
May 2004 Cover Feature: THE POWER OF ONE MILLION
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