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National Association of REALTORS® (NAR)

“(To) unite the real estate men of America for the purpose of effectively exerting a combined influence upon matters affecting real estate interest.”

These words declare the purpose of the 120 delegates, representing 33 real estate organizations, who met on May 12, 1908 in a Chicago YMCA meeting room to form the National Association of Real Estate Exchanges, which later became the National Association of REALTORS®.

This original objective, echoed in the current NAR Mission Statement, has served to propel the organization for eight decades. The Association’s history is filled with examples of impressive gains in helping to preserve private property rights, establish fair real estate taxes, and expand Americans’ access to home ownership.

The U.S. Constitution insures each individual’s right to own real property. The founding fathers, however, could not have imagined the challenges property owners would face in the 20th Century.

In 1913, NAR joined the professions of medicine, law, and engineering in formulating and adopting a Code of Ethics for its members -- a Code which continues to be the backbone of the organization, promoting honesty and ethics in real estate. This Code distinguishes REALTORS® from other real estate agents and is a promise of ethical service to the public.

During the 1930’s, Association leadership helped develop four federal agencies that worked to improve the fkiw if mortgage money. They were: Home Owners Loan Coporation, the Federal Home Loan Bank System, the Federal Housing Administration, and the Federal National Mortgage Association. Americans now had wide access to funds allowing them to borrow up to 80 percent of the value of their homes. As a result, home ownership soared. Throughout the ‘50s, REALTORS® supported credit efforts to help more families afford housing. The Association’s Commitment to protecting citizens’ rights through involvement in politics was firmly cemented in 1943 with the formation of the REALTORS® Washington Committee. This committee later became the REALTORS® Political Action Committee and works to benefit citizens by supporting the election of legislators who champion the principles of private property ownership and the free enterprise system.

With the addition of 400,000 sales associates in 1972, the National Assocation of REALTORS® became the largest trade association in the country. Today, NAR represents nearly 800,000 REALTORS® and REALTOR® Associates, including brokers, sales people, managers, appraisers, counselors, and other engaged in all aspects of the real estate business. Members belong to one or more of the 1,826 local Board/Association in 50 states, Guam, Puerto Rico, the District of Columbia and the Virgin Islands.

Ohio Association of REALTORS® (OAR)

On January 26, 1910, the leadership of various real estate boards in the State of Ohio gathered together and formed the Ohio Association of Real Estate Boards (now known as the Ohio Association of REALTORS®). In the early years, the State Association existed primarily to provide a forum for real estate board leaders to discuss mutual problems throughout the state and to embark upon programs of mutual interest and concern. In the mid 1960s, the Association took a dramatic turn when the membership voted to assess itself special monies to establish an Education Division and Legislative Division and to hire staff personnel who would specialize in those two areas.

Today, the Ohio Association of REALTORS® (OAR) is the largest professional trade association in Ohio with more than 35,000 members from 68 Local Boards/Association and a staff of 32 full-time employees.

Lorain County Association of REALTORS® (LoCAR)

The Lorain County Association of REALTORS® began as a natural extension of the movement of persons in the real estate business to unite together and promote their similar business interests and share experience and information.
The Lorain County Board of REALTORS® was formed in November of 1973 with the merger of the Lorain Board of REALTORS® (chartered in 1927) and the Elyria Board of REALTORS®(chartered in 1928). In April of 1991, the “Board” became the Lorain County “Association” of REALTORS®.

The Association joined the Northern Ohio Regional Multiple Listing Service (NORMLS) in January of 1987 and became proportional owners of this regional information system in December of 1993.

oday, The Lorain County Association of REALTORS® is the “Voice for Real Estate” in Lorain County, representing over 600 real estate agents from 69 different brokerages and 65 companies affliated with the real estate industry. The daily affairs of the Association are administered by four (4) Officers and ten (10) Directors elected by the Members, and a staff of three (3) including an Executive Vice President who reports to the Board of Directors.

The mission of the Lorain County Association of REALTORS® is to service its members by developing and instituting programs and services to enhance members’ ability to conduct their individual business successfully with professional competency and through combined membership activities to preserve the right of all to own, transfer, and enjoy the use of real property.

Lorain County Association

5321 Meadow Lane Ct. #6
Sheffield Village, OH 44035
Telephone: (440) 328-4210
Fax: (866) 371-7492
E-mail: [email protected]
Fair Housing Hotline: 800 662-FAIR

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REALTOR 'R'REALTOR® -- 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. Inquiries regarding the Code of Ethics should be directed to the board in which a REALTOR® holds membership.