Real Estate Chapter 1 Section 4
questions with answers.
Professional Organizations ANS -Are formed by voluntary membership of individuals interested in
improving their knowledge, skills, and the quality of their profession. Belonging to a professional trade
organization adds credibility as a real estate professional and provides many benefits. In addition to
education opportunities, these organizations offer access to tools such as downloadable forms,
opportunities to network with other real estate professionals, and, in some cases, access to an online
Multiple Listing Service (MLS) system.
Professional Organizations 2 ANS -Are also the first place members look to find the latest changes and
trends in the real estate industry. Associations exist at the national, state, and local levels.
National Association of REALTORS® (NAR) ANS -The National Association of REALTORS® (NAR) is the
nation's largest trade and professional association, with a goal of preserving the right of individuals to
own real property through an exchange of information.
National Association of REALTORS® (NAR) 2 ANS -Members are called REALTORS® and include
practitioners from all areas of expertise in the real estate profession. Members must agree to abide by a
strict Code of Ethics and conduct their business under the Standards of Practice, which are designed to
specify conduct required under the Code of Ethics and provide optimum service to the public. The term
REALTORS® is a registered trademark of the NAR and may be used only by those who are members of
the organization.
NAR® (cont.) ANS -The NAR offers many programs and services to assist members through various
societies and institutes to increase their professional knowledge and skills. NAR and its affiliates award
professional designations. indicating successful completion of required courses of study. A partial list of
the institutes and societies of NAR includes the following:
A partial list of the institutes and societies of NAR includes the following: ANS -1) The Institutes of Real
Estate Management (IREM): Certified Property Manager (CPM)
2) The REALTORS® National Marketing Institute (RNMI): Certified Real Estate Brokerage Manager (CRB)
and Certified Residential Specialist (CRS).
questions with answers.
Professional Organizations ANS -Are formed by voluntary membership of individuals interested in
improving their knowledge, skills, and the quality of their profession. Belonging to a professional trade
organization adds credibility as a real estate professional and provides many benefits. In addition to
education opportunities, these organizations offer access to tools such as downloadable forms,
opportunities to network with other real estate professionals, and, in some cases, access to an online
Multiple Listing Service (MLS) system.
Professional Organizations 2 ANS -Are also the first place members look to find the latest changes and
trends in the real estate industry. Associations exist at the national, state, and local levels.
National Association of REALTORS® (NAR) ANS -The National Association of REALTORS® (NAR) is the
nation's largest trade and professional association, with a goal of preserving the right of individuals to
own real property through an exchange of information.
National Association of REALTORS® (NAR) 2 ANS -Members are called REALTORS® and include
practitioners from all areas of expertise in the real estate profession. Members must agree to abide by a
strict Code of Ethics and conduct their business under the Standards of Practice, which are designed to
specify conduct required under the Code of Ethics and provide optimum service to the public. The term
REALTORS® is a registered trademark of the NAR and may be used only by those who are members of
the organization.
NAR® (cont.) ANS -The NAR offers many programs and services to assist members through various
societies and institutes to increase their professional knowledge and skills. NAR and its affiliates award
professional designations. indicating successful completion of required courses of study. A partial list of
the institutes and societies of NAR includes the following:
A partial list of the institutes and societies of NAR includes the following: ANS -1) The Institutes of Real
Estate Management (IREM): Certified Property Manager (CPM)
2) The REALTORS® National Marketing Institute (RNMI): Certified Real Estate Brokerage Manager (CRB)
and Certified Residential Specialist (CRS).
