17:50
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Simple English definitions for legal terms
National Association of Realtors
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A quick definition of National Association of Realtors:
The National Association of Realtors (NAR) is a group of people who work in real estate. They help real estate agents and brokers learn more about their job, follow rules to be professional, and use new technology to make their work better. NAR stands for National Association of Realtors.
A more thorough explanation:
The National Association of Realtors (NAR) is a group of real estate brokers and agents who work together to improve the real estate industry. They focus on education, professional standards, and modernization in areas such as brokerage, appraisal, and property management.
For example, NAR provides training and resources to help real estate professionals stay up-to-date on industry trends and best practices. They also set ethical standards for their members to follow, ensuring that clients are treated fairly and honestly.
Overall, NAR works to promote a high level of professionalism and expertise in the real estate industry, benefiting both real estate professionals and their clients.
national association | National Association of Securities Dealers