REALTOR


®


NAR BOARD TO DRAFT MEMBER CODE OF EXCELLENCE


REAL ESTATE by thenumbers


12 >> Years of experience of the typical REALTOR® .


13 >> Percentage of recent buyers who purchased a home for a multi-generational household— a home with adult siblings,


adult children over the age of 18, parents, and/or grandparents in the household.


16 >> Percentage of buyers who are single females. Married couples made up 65 percent of buyers.


22>> Percentage of residential brokerage specialists who had at least one commercial transaction side in the last year.


33>> Percentage of home buyers who reported they were first-time home buyers. This is the lowest share since 1987,


when the share of first-time buyers reported was 30 percent. 44>> The median age of homebuyers, up from 42 in 2013. 56>> The average age of a REALTOR®


. The average REALTOR® is also white, female, and attended some college.


75 >> Percentage of first-time buyers rented an apartment or house before buying their home, while 19 percent lived


with parents, relatives or friends. 82>> Percentage of REALTORS®


who are certain they will


remain in the business for two more years. 86>> Percentage of REALTORS®


HaveYou ReservedYour


.REALTOR D omain Name? As the internet is evolving,NAR has proactively positionedREALTORS® to be at the forefront of this change. NAR is one of the first associa- tions to have a top-level domain exclusively for REALTORS®


. This em-


powers members to directly connect their brand with the $5 billion internationally recognized REALTOR®


brand, leveraging its value with


their .REALTOR domains. CLICK HERE for more information about .REALTORand to claimyour domain name.Names are reserved on a first-come, first-served basis, so reserve your names today!


who own theirprimary residence.


SOURCE: 2014 NAR MEMBER PROFILE AND NAR’S 2014 PROFILE OF HOME BUYERS AND SELLERS CLICK HERE TO VIEW AN INFOGRAPHIC OF THIS INFORMATION.


As part of a wide-ranging set of recom- mendations to raise the bar on REALTOR® professionalism, the NAR Board of Direc- tors approved the drafting of a proposed aspirationalCode of Excellenceto bebrought to the board at a futuremeetingfor approval. This approval took placeat the board’s meet- ing in New Orleans on November 10, 2014. The goal is to raise the practice of real es- tate measurably through increased training in the competencies that consumers value. These competencies include the steward- ship of property listing data, privacy and se- curity of consumer information, advocacy of property rights, community involvement, and technology. The provision was passed after extensive


debate on the floor of the meeting. Related provisions were also passed. These include provisions that would do the following:


1 Change the frequency of NAR’s Code of Ethics educational requirement from every four years to every two years, starting in 2016; add a biennial Code of Excellence education requirement; and mandate continual updating of the training.


1 Help its members strive to be proficient in data content and have efficient access to the broadest range of data available.


1 Develop an industry standard that would allow consumers to evaluate REALTORS®


fairly and accurately. Open Enrollment Ongoing GAR Exchange Medical insurance is important, and under the Affordable Care Act, all US citizens must have health insurance or pay a penalty.


As a GAR partner, Lighthouse Benefit Resources realizes that navigating the healthcaremaze may be challenging, and that’s why they created a private exchange exclusively for GAR members. The GAR Exchange is easy to navigate, offers multiple insurance carriers for you to choose from and best of all, the most com-


petitive rates. Visit www.GARexchange.com(password “GAR”) and you will find everything you need to insure your peace of mind. If you have questions, please contact the call center at 866.268.1845. Representatives are ready and willing to help. Open enroll- ment for health insurance ends February 15. All other products — such as dental and vision insurance—can be purchased year-round.


6IGEORGIA REALTOR® JANUARY I FEBRUARY 2015


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