A REALTIST is a licensed real estate professional who is a member of the National Association of Real Estate Brokers (NAREB). NAREB was established in 1947 as an equal opportunity and civil rights advocacy organization dedicated to ensuring sustainable homeownership for African Americans and other minority groups. REALTISTs are committed to the ideals of democracy in housing and to promoting ethical practices in the real estate industry.
Historical Context of NAREB and REALTIST
The National Association of Real Estate Brokers (NAREB) and the term REALTIST arose post-World War II in response to systemic racial discrimination in housing. During this era, African American and other minority real estate professionals were often excluded from major industry groups like the National Association of Realtors (NAR). NAREB was founded to create a platform for minority brokers to advocate for fair housing rights, economic opportunities, and ethical practices.
Formation of NAREB
NAREB was founded by 12 African American real estate professionals in Tampa, Florida. Their mission extended beyond business interests to address broader social justice issues and to break down racial barriers in the real estate profession.
Evolution and Impact
Over the decades, NAREB has grown nationally, advocating for policies that promote homeownership and wealth building within minority communities. The association provides educational resources, networking opportunities, and a collective voice to challenge discriminatory practices.
Professional Standards and Ethics
Code of Ethics
REALTISTs adhere to a strict Code of Ethics which reflects their commitment to ethical behavior, client advocacy, and community service. The code emphasizes honesty, integrity, and fair treatment for all clients regardless of race, color, religion, sex, handicap, familial status, or national origin.
Continuing Education
To maintain their status, REALTISTs often engage in continuing education programs focused on the latest trends, laws, and best practices in real estate.
Applicability and Roles of a REALTIST
Services Provided
REALTISTs provide a broad range of services including residential and commercial real estate transactions, property management, investment consulting, and community development.
Advocacy and Community Involvement
Beyond their professional roles, REALTISTs actively participate in advocacy and community outreach programs aimed at improving housing conditions and economic opportunities for minority populations.
Example Roles
- Real Estate Agent
- Broker
- Property Manager
- Real Estate Investor
- Community Developer
Comparisons and Related Terms
REALTIST vs. REALTOR®
While both REALTISTS and REALTORS® are licensed real estate professionals and members of their respective associations (NAREB for REALTISTS and NAR for REALTORS®), their historical contexts and foundational missions differ. REALTORS® predominantly operate within broader, historically established communities, while REALTISTS have a mission centered on minority advocacy and civil rights in housing.
Related Terms
- Fair Housing: Legal protections against discrimination in housing.
- Broker: A licensed real estate professional who manages agents and operates independently.
- Community Development: Efforts to improve housing and economic conditions in communities.
FAQs
What is the role of NAREB in the real estate industry?
How can one become a REALTIST?
What distinguishes a REALTIST from other real estate professionals?
References
- National Association of Real Estate Brokers. (n.d.). Retrieved from NAREB Website
- U.S. Department of Housing and Urban Development (HUD). Fair Housing Act.
Summary
A REALTIST is not just a real estate professional but a dedicated advocate for minority rights within the housing industry. By being a member of NAREB, they commit to ethical practices and promoting fair housing for all. This dedication positions REALTISTS as pivotal figures in the advancement of equitable real estate practices and community development.
