Share “ Realtors Commercial Alliance makes formal…”

The internal rift led to a formal complaint lodged Friday with the National Association of Realtors.

A six-page letter signed by alliance Chairman Jack Werner and its six other board members alleged that association executive Helen Bozman pushed through a proposed bylaws change — to be voted on by association members Wednesday — that would reduce the alliance board to committee status.

The alliance has about 80 members who deal in commercial property, a tiny but active percentage of the association membership, which numbers about 2,900 and is geared almost wholly toward single-family home sales.

The Realtors Commercial Alliance, originally called the Commercial Industrial Division, was founded in 1994 and is separately accredited with the National Association of Realtors, hence it has its own board. However, it also is attached to the local association.

Werner said that changing the alliance to a committee would be an undeserved and unexpected “demotion.”

Among other things, the alliance alleges that the proposed change had been in the works for months without alliance members being informed of it, and that it was not vetted by the association’s finance committee even though the association will lose alliance members’ dues if their board is dissolved.

Miami Association of Realtors, The Nation’s Largest Local Realtor Association …

Miami - May 22, 2015 – (RealEstateRama) — The MIAMI Association of REALTORS® (MIAMI), the nation’s largest local Realtor association with 35,000 members, is pleased to announce its latest staff addition, Ana Maria Rodriguez as Vice President of Government Affairs.

Rodriguez is working with Senior Vice President of Government Affairs Housing Danielle Blake to advocate for MIAMI members on Realtor issues in local governments and in the state Legislature.

Rodriguez is a seasoned professional with nearly 15 years of experience working in the governmental affairs arena in various roles. She is currently serving as a Councilwoman in the City of Doral, where she was elected in 2010, and subsequently re-elected in 2014. Her term ends in 2018.

Prior to her new role at MIAMI, Rodriguez served as Director of Government Community Relations for Baptist Health South Florida from 2004-2010 where she led the organization’s governmental and community outreach efforts. Prior to working with Baptist Health, she served as Senior Associate for Robert M. Levy Associates in Tallahassee and Miami, representing a wide range of clients.

Rodriguez earned a bachelor degree from Florida International University in 1999 in Communications, and a Master Degree in Leadership from the H. Wayne Huizenga School of Business at Nova Southeastern University. She is a 2005 Graduate of Leadership Miami with the Greater Miami Chamber of Commerce. She can be reached via email atana (at) miamire (dot) com or at 305-468-7017.

About the MIAMI Association of REALTORS
The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating 95 years of service to Realtors, the buying and selling public, and the communities in South Florida.  Comprised of five organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, the YPN Council and the award-winning International Council, it represents more than 35,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage.  It is the largest local Realtor association in the U.S., and has official partnerships with 125 international organizations worldwide.  MIAMI’s official website is www.miamire.com.

The MIAMI Association of REALTORS® (MIAMI), the nation’s largest local Realtor association with 35,000 members, is pleased to announce its latest staff addition, Ana Maria Rodriguez as Vice President of Government Affairs.

The Maine Association of REALTORS Release Maine Home Sale and Price …

AUGUSTA – May 21, 2015 – (RealEstateRama) — Motivated buyers and sellers led to an increase in existing home sales in April. Realtors sold 1,032 single-family existing homes during the month of April 2015, up 1.67% over April 2014. The median sales price (MSP) for those homes rose 5.33 percent last month to $178,000. The MSP indicates that half of the homes were sold for more and half sold for less.

The National Association of Realtors today reported a nationwide jump in single-family existing home sales of 6.5 percent. The national MSP of $221,200 in April represents a 10 percent increase from one-year ago. The regional Northeast experienced a 1.6 percent uptick in sales and a 3.6 percent increase in sales prices; the regional MSP reached $253,200.

Marie Flaherty, 2015 President of the Maine Association of Realtors, said, “Many sellers are realistically pricing their homes; Realtors advise that appropriate pricing is a major component of success in the market. Pricing, combined with great presentation, is a winning combination. To navigate through the complexities of a real estate transaction, guidance from an experienced Realtor is essential.”

Flaherty, a Realtor with Berkshire Hathaway Home Services in Westbrook, said buyers should view as many homes as possible to become properly educated on home values.

“Often times, a buyer may only have one opportunity to make an offer, due to our current climate of multiple offers,” she added.

Below are two charts showing statistics for Maine and its 16 counties. The first chart lists statistics for the month of April only, statewide. The second chart compares the number of existing, single-family homes sold (units) and volume (MSP) during the “rolling quarter” the months of February 1, 2014 to April 30, 2014 and February 1, 2015 to April 30, 2015.

NWI home sales surge upward

Northwest Indiana Home sales surged in April to their largest gain of the year, increasing 16.1 percent above year-ago levels on low interest rates and an improving economy.

In another indicator of a healthy housing market, the median selling price in April was 5.5 percent higher than it was one year ago, according to sales data from the Greater Northwest Indiana Association of Realtors.

“It’s been very clear that demand has been high for quite awhile,” said Greater Northwest Indiana Association of Realtors CEO Pete Novak. “It was just a matter of buyers finding what they wanted.”

It is now clearly a seller’s market and the association is encouraging would-be sellers to get off the fence and add to the supply of homes for sale, Novak said.

Nationally, home sales in April increased 6.1 percent as compared to April 2014, according to the National Association of Realtors. But sales in April declined 3.3 percent from the preceding month.

“Housing inventory declined from last year and supply in many markets is very tight, which in turn is leading to bidding wars, faster price growth and properties selling at a quicker pace,” said National Association of Realtors Chief Economist Lawrence Yun.

“To put it in perspective, roughly 40 percent of properties sold last month went at or above asking price, the highest since NAR began tracking this monthly data in December 2012,” Yun said.

The average interest rate for a 30–year, fixed–rate mortgage remained below 4 percent for the fifth straight month in April, falling to 3.67 percent from 3.77 percent in March, according to a Freddie Mac survey.

Healthy home sales are also leading to a resurgence in new home construction, with the U.S. Commerce Department reporting a surprising 20.2 percent increase in residential construction in April.

“When you see new construction taking off that is a pretty good sign people feel good not just about housing, but about other things as well, including their jobs,” Novak said.

In Lake County, sales contracts were closed on 446 homes in April, an increase of 7.5 percent as compared to April 2014, according to the Greater Northwest Indiana Association of Realtors. The median selling price was 16.5 percent higher in April as compared to the year-ago month.

In Porter County, contracts were closed on 200 homes in April, a whopping 32.5 percent increase as compared to one year ago. The median sales price was virtually unchanged, moving up just 0.6 percent.

In addition to Lake and Porter counties, the Greater Northwest Indiana Association of Realtors reports on home sales in LaPorte, Jasper, Newton, Starke and Pulaski counties.

Challenges Loom for Real Estate Industry, NAR Report Finds

By Sam Silverstein and Erica Christoffer

The real estate sector faces a host of challenges that will require professionals in all facets of the industry to become more adaptable and agile in the coming years in order to remain relevant and competitive, according to a newly released report commissioned by the National Association of REALTORS®.

Concern about the erosion of the importance consumers place on real estate professionals in structuring and managing transactions in an era of fast-moving technology DANGER Reportis among the top issues cited in the study, which is based on data from a national survey of approximately 7,800 REALTORS® and interviews with 74 high-level executives and other real estate industry leaders. The report also takes other real estate-related studies, reports, articles and surveys into account.

Another challenge for the industry is the arrival of companies that previously did not participate in real estate, which could disrupt established business models, according to the study, known as the D.A.N.G.E.R. Report (“Definitive Analysis of Negative Game Changers Emerging in Real Estate”). Concerns about uneven professional standards and the burdens posed by government regulations also are on people’s minds, the report says.

The report was conducted by industry analyst Stefan Swanepoel, head of the Swanepoel T3 Group, a research and consulting firm, at the direction of NAR’s Strategic Thinking Advisory Committee. It is divided into five sections that detail challenges facing agents, brokers, NAR, state and local REALTOR® associations, and Multiple Listing Services.

Stefan Swanepoel speaks about the D.A.N.G.E.R. Report at the REALTORS® Legislative Meetings and Trade Expo in Washington, D.C.

“Don’t think that people don’t want to play in your sandbox. They do,” says Swanepoel, who spoke during last week’s REALTORS® Legislative Meetings and Trade Expo in Washington, D.C. “Some will play nice and some will not play nice.”

New technology is another force buffeting real estate. Brokers could find themselves overwhelmed by the cost of building the technological solutions they need to thrive, while agents worry that technology could marginalize the value they bring to buyers and sellers, according to the study. “There are a lot of products that are now being created very fast,” Swanepoel says,

The arrival of newcomers looking to introduce consolidation and new business models to real estate is another issue the industry faces, he adds.

Meanwhile, real estate firms and associations face headwinds in attracting young people to their ranks, Swanepoel says. “Real estate sales [isn’t] a first-choice career” for high school students, he says, adding, “We need to find more people who can make a longer commitment to our space.”

The D.A.N.G.E.R. Report offers no solutions to the challenges it identifies, but instead formulates a starting point for industry-wide conversations and paths for finding solutions, Swanapoel says. “It’s a summary of all the black swans that could be in the future.”

Michael Oppler, senior vice president at Prominent Properties Sotheby’s International Realty and one of the 20 at-large members of the Strategic Thinking Advisory Committee, called the report a peer-to-peer dialog tool. “When you look at this report, you can have a much more open and honest conversation in your office,” he says.

Information about the D.A.N.G.E.R. Report and its findings is available at REALTOR.org/dangerreport. In addition, the entire 164-page report is available at no cost from the REALTOR® Store.


Sam Silverstein

Sam Silverstein is a writer-producer for the National Association of REALTORS®. He is based in Washington can be reached at ssilverstein@realtors.org.

More Posts

Realtors® Eagerly Await A-OK to Fly UAVs

WASHINGTON, May 15, 2015 /PRNewswire/ — There will be a time when Realtors® can legally fly an unmanned aerial system, or drone, around property listings to capture images for marketing purposes, but that time has not yet arrived, at least not completely. That’s according to Federal Aviation Administration officials who told Realtors® today during the When, Where and How can I Use My Drone session at the REALTORS® Legislative Meetings Trade Expo.

National Association of Realtors logo

According to Jim Williams, manager of FAA’s UAS Integration Office, the agency’s administrator Michael Huerta is committed to quickly finalizing the federal rules for the commercial use of UAS in national airspace, which is currently prohibited. Until that time, Realtors® can apply for a Section 333 waiver, which provides a limited-use permit to the applicant and comes with many safety restrictions on use of the machine.

Panelist Doug Trudeau of Tierra Antigua Realty in Tuscon, Ariz., the first Realtor® to apply for and receive a Section 333 exemption from the FAA to create marketing videos for property listings, discussed the waiver application process and offered advice to other Realtors® who are interested in pursuing a waiver.

After contacting an attorney with the FAA, Trudeau said he did several weeks of research on his own and chose to complete the application without hiring a private attorney. The guidelines are fairly clear, Trudeau said, but he could have saved himself some headaches if he had logged his previous UAS flying times and made sure his quadcopter was built in the U.S., because the FAA will not register a UAS that is registered by any foreign government.

From start to finish, the process took Trudeau 170 days, but he said it should go a lot faster for new applicants. “The FAA, in all reality, has made it easier today for you than it was for me a year ago,” he told the Realtors® in attendance.

Williams agreed, and said that thanks to Doug Trudeau, it’s become easier to apply for real estate videography waivers. The FAA has received more than 1,200 waiver applications, approved 311, and is on track to approve 20 to 40 waivers each week.

Some of the earlier waivers restrict operators from flying a UAS within five miles of any airport, while other waivers limit it to two miles. Williams said that safety is the agency’s biggest concern, and because UAS are so easy to purchase and fly, it’s a growing problem.

“A lot of folks out there don’t understand the risk they are getting into when they operate near an airport. It’s potentially very dangerous,” said Williams, who also encouraged Realtors® to call the FAA and report any UAS activity near airports.

The FAA is working on ways to approve UAS flights over major metropolitan areas and also flights that go beyond the line of sight of the operator. On May 6, National Association of Realtors® President Chris Polychron issued a statement in support of the FAA’s intention to study the safety of these flights, which could lead to important benefits in the real estate industry, particularly for agents who wish to market rural and large commercial properties.

During the session, NAR Associate Counsel Lesley Walker advised the audience that until the FAA finalizes its regulations, Realtors® should refrain from using UAS technology for commercial marketing purposes.

NAR is committed to working with the FAA, and any other relevant federal agencies, during the regulatory approval process. NAR will continue its ongoing efforts to educate Realtors® about the current and future regulatory structure for the safe and responsible operation of UASs.

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the “News, Blogs and Videos” tab on the website.

Logo – http://photos.prnewswire.com/prnh/20150210/174673LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/realtors-eagerly-await-a-ok-to-fly-uavs-300084211.html

SOURCE National Association of Realtors

Home sales vault to 18-month high as supply improves


WASHINGTON U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season.

The fairly upbeat report from the National Association of Realtors on Wednesday implied the economy was regaining some momentum after hitting a speed bump at the start of the year.

But tepid retail sales and weak factory data suggested the growth rebound will probably be insufficient to convince the Federal Reserve to raise interest rates in June.

“It’s consistent with strong growth in the second quarter. We should have a solid spring selling season and should see the housing market continuing to improve through 2015,” said Gus Faucher, senior economist at PNC Financial Services Group in Pittsburgh.

Existing home sales increased 6.1 percent to an annual rate of 5.19 million units in March, the highest level since September 2013. The percent rise was the largest since December 2010. Last month’s sales outpaced economists’ expectations for a 5.03 million-unit rate.

The outlook for the spring selling season, which runs from April through August, was also boosted by a separate report from the Mortgage Bankers Association showing applications for loans to purchase homes jumped 5 percent last week to the highest level since June 2013.

It was the fourth time in five weeks that purchase applications rose and economists attributed this to moves by the government to ease credit conditions for first-time buyers.

Home sales have been constrained by a shortage of properties on the market, which has pushed up home prices and limited choice for potential buyers. Fewer homeowners are defaulting on their mortgages, meaning fewer foreclosed properties in the pipeline to boost supply.

As such, builders would have to break more ground on new housing units to boost inventories. D.R. Horton Inc (DHI.N), the largest U.S. homebuilder, on Wednesday reported a 30 percent jump in orders.

Despite the sturdy home resales report, the housing index .HGX fell more than 1 percent. The dollar was little changed against a basket of currencies while prices for U.S. Treasury debt fell.

SUPPLY IMPROVING

In March, the inventory of unsold homes on the market increased 5.3 percent from a month ago to 2 million units, the highest level since last November. However, supply was up only 2 percent from a year ago.

Realtors and economists say insufficient equity and uncertainty about the economy’s strength were forcing potential sellers to stay longer in their homes. A recent survey by the Realtors association showed homeowners on average staying in their homes for 10 years instead of the typical seven years.

At March’s sales pace, it would take 4.6 months to clear houses from the market, down from 4.7 months in February. A supply of six months is viewed as a healthy balance between supply and demand.

With supply still tight, the median price for a previously owned home increased 7.8 percent from a year ago to $212,100.

That was the largest percentage gain since February 2014 and suggested that the pace of home price increases, which had been slowing after double-digit growth for much of 2013, appears to be reaccelerating.

“It looks like the combination of limited available inventory and a decline in the share of distressed sales in the market continue to put upward pressure on prices,” said Daniel Silver, an economist at JPMorgan in New York.

First-time buyers accounted for 30 percent of transactions last month, well below the 40 percent to 45 percent share that economists and realtors say is required for a strong housing recovery.

(Reporting by Lucia Mutikani; Editing by Andrea Ricci)

‘Danger’ report alerts industry to 50 biggest threats

WASHINGTON — Don’t say they didn’t warn you. The National Association of Realtors this week released a free report detailing 50 threats, risks and challenges the real estate is facing today and will face in the near future.

Many of the 50 items take the industry to task for low-quality agents, poor leadership, cumbersome governance structures, industry infighting and shortsightedness, particularly when it comes to the potential effects of advancing technology.

But don’t expect the report to offer any solutions. That is left up to you, at least for now.

The “DANGER Report” lays out 10 potential dangers impacting five groups: agents, brokers, NAR itself, local and state associations, and multiple listing services.

NAR commissioned the 164-page report from real estate consultant Stefan Swanepoel, who conducted extensive research to put it together, including interviews with 70 notables inside and outside the industry and a survey that garnered nearly 8,000 responses.

“The purpose of commissioning [the report] was that there’s actually a great danger in just hearing yourself talk,” NAR CEO Dale Stinton told attendees at the trade group’s midyear conference Wednesday before the report’s release.

“The DANGER Report is like 50 things that could keep you up at night. It isn’t a strategic plan. It isn’t telling you to do anything. It’s 50 potential black swans. It’s for your strategic planning processes. Digest it and cuss and fuss and decide whether it’s right or wrong.”

The report, whose title stands for “Definitive Analysis of the Negative Game Changers Emerging in Real Estate,” does not necessarily reflect NAR’s viewpoints. There are even items included that Stinton himself disagrees with.

For instance, the report says NAR’s decision-making structure — including its nearly 850-member board of directors — could become a hindrance to adapting for the future.

“I believe in our board of directors,” Stinton said.

“I don’t believe they’ve ever gotten it wrong,” though sometimes they come back and tweak decisions that they’ve made.

Agree or disagree, NAR wants to hear what members think about the 50 threats identified, Stinton said. Over the next year or so NAR’s Strategic Thinking Committee will create a document responding to the report.

The committee hopes the report will inspire dialogue that will help real estate organizations prepare for the future, according to the report.

“It is the strategic interpretation of each danger by leaders and how they decide to respond that provides each organization its unique competitive advantage and sets them apart from their competitors,” the report said.

Each threat is rated as to its probability, timing and potential impact on a 1-5 scale. An impact rating of 5 was considered a “Game Changer.” These three factors were combined into an overall composite score called a “Danger Index.”

Catastrophic events, such as an economic collapse or a global pandemic, were not included in the report.

Here are the top 10 threats facing the industry as measured by Danger Index, along with descriptions from the report:

  1. Masses of marginal agents destroy reputation: The real estate industry is saddled with a large number of part-time, untrained, unethical and/or incompetent agents. This knowledge gap threatens the credibility of the industry.
  2. Regulatory tsunami hits: Regulatory creep and large financial penalties increase compliance costs.
  3. Decision-making structure becomes a hindrance: NAR’s complex governance structure encumbers its ability to adopt the strategies, tactics and policies that are appropriate for the future.
  4. Leaders not in unison with fast-paced world: The inability to recruit, train and engage the skills required to lead associations through transition.
  5. Entry by a new player: The current warlike environment in real estate becomes attractive to a large non-industry company that sees opportunity.
  6. Unclear end result: The MLS movement hasn’t thought through what a post Realtor-owned MLS might look like or how it would operate. [See Upstream.]
  7. Commissions spiral downward: A variety of powerful forces exert significant downward pressure on real estate commissions.
  8. Paper brokerages cause disruption: With no walls and little operating costs, paper brokerages proliferate and become a major force overnight. [See Inman series on paper brokerages flying under the radar.]
  9. The three-tier structure liability: The unique three-tier Realtor Association structure emerges as the trigger of major crippling channel conflicts between national, state and local Realtor associations.
  10. Too many uninformed decisions are taken: Misguided decisions are made by leaders who don’t clearly understand their obligations and responsibilities.

At NAR’s annual conference in November, NAR said it would not impose new standards of entry to join Realtor associations, though it would develop a “Code of Excellence” as a way to raise the bar of professionalism in the industry.

This week, Stinton said the Code of Excellence would be aspirational, not mandatory.

See the entire DANGER report.

Email Andrea V. Brambila.

Home Sales to Hit Highest Level Since 2006, Realtor Group Says

Existing homes sales this year are expected to hit levels not seen since just after the peak, in 2006, driven by strong job growth, low interest rates and a gradual loosening of lending standards, according to the National Association of Realtors.

Lawrence Yun, chief economist at the realtor association, said in his mid-year forecast on Thursday that he expects home sales to end up around 5.3 million in 2015, a significant pick-up from 4.9 million sales in 2014.

Last year, economists also anticipated robust growth in the home sales, but were disappointed when a spike in interest rates early in the year and poor wage growth dampened the market.

Mr. Yun said that early results this year point to a pick-up in home sales, including sales in the first few months, foot traffic at homes on the market and strong job growth. Buyers who have been kept out of the market by low wages and strict lending standards are likely to start coming back.

“There is sizeable pent-up demand,” he said in an interview.

To be sure, the volume of sales Mr. Yun is anticipating remains well below recent high in 2005 when more than 7 million homes were sold. Mr. Yun said the market is likely a decade off from hitting those levels again. In 2006, sales fell to 6.5 million and since then have hovered around 5 million sales or fewer.

If interest rates or prices rise, making houses less affordable, that could hold back the volume of sales, which Mr. Yun said shows the need for more new-home construction.

Robert Dietz, vice president of tax and market analysis at the National Association of Home Builders, said that he anticipates that 2015 will be the first time during the recovery that the growth of single-family home starts will exceed apartment starts. That would be a significant shift for a recovery that has been driven by a boom in rental construction while single-family home construction has grown less robustly.

Still, Mr. Dietz said, new home construction will remain about half  of normal production levels. Homebuilders are being held back by the shortage of construction laborers, the difficulty of obtaining construction loans and the elusiveness of first-time home buyers, he said.

Realtors® Eagerly Await A-OK to Fly UAVs



WASHINGTON, May 15, 2015 /PRNewswire/ — There will be a time when Realtors® can legally fly an unmanned aerial system, or drone, around property listings to capture images for marketing purposes, but that time has not yet arrived, at least not completely. That’s according to Federal Aviation Administration officials who told Realtors® today during the When, Where and How can I Use My Drone session at the REALTORS® Legislative Meetings Trade Expo.



According to Jim Williams, manager of FAA’s UAS Integration Office, the agency’s administrator Michael Huerta is committed to quickly finalizing the federal rules for the commercial use of UAS in national airspace, which is currently prohibited. Until that time, Realtors® can apply for a Section 333 waiver, which provides a limited-use permit to the applicant and comes with many safety restrictions on use of the machine.


Panelist Doug Trudeau of Tierra Antigua Realty in Tuscon, Ariz., the first Realtor® to apply for and receive a Section 333 exemption from the FAA to create marketing videos for property listings, discussed the waiver application process and offered advice to other Realtors® who are interested in pursuing a waiver.



After contacting an attorney with the FAA, Trudeau said he did several weeks of research on his own and chose to complete the application without hiring a private attorney. The guidelines are fairly clear, Trudeau said, but he could have saved himself some headaches if he had logged his previous UAS flying times and made sure his quadcopter was built in the U.S., because the FAA will not register a UAS that is registered by any foreign government.



From start to finish, the process took Trudeau 170 days, but he said it should go a lot faster for new applicants. “The FAA, in all reality, has made it easier today for you than it was for me a year ago,” he told the Realtors® in attendance.



Williams agreed, and said that thanks to Doug Trudeau, it’s become easier to apply for real estate videography waivers. The FAA has received more than 1,200 waiver applications, approved 311, and is on track to approve 20 to 40 waivers each week.                                                                        



Some of the earlier waivers restrict operators from flying a UAS within five miles of any airport, while other waivers limit it to two miles. Williams said that safety is the agency’s biggest concern, and because UAS are so easy to purchase and fly, it’s a growing problem.



“A lot of folks out there don’t understand the risk they are getting into when they operate near an airport. It’s potentially very dangerous,” said Williams, who also encouraged Realtors® to call the FAA and report any UAS activity near airports.  



The FAA is working on ways to approve UAS flights over major metropolitan areas and also flights that go beyond the line of sight of the operator. On May 6, National Association of Realtors® President Chris Polychron issued a statement in support of the FAA’s intention to study the safety of these flights, which could lead to important benefits in the real estate industry, particularly for agents who wish to market rural and large commercial properties.



During the session, NAR Associate Counsel Lesley Walker advised the audience that until the FAA finalizes its regulations, Realtors® should refrain from using UAS technology for commercial marketing purposes.



NAR is committed to working with the FAA, and any other relevant federal agencies, during the regulatory approval process. NAR will continue its ongoing efforts to educate Realtors® about the current and future regulatory structure for the safe and responsible operation of UASs.



The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than 1 million members involved in all aspects of the residential and commercial real estate industries.



Information about NAR is available at www.realtor.org. This and other news releases are posted in the “News, Blogs and Videos” tab on the website.



Logo - http://photos.prnewswire.com/prnh/20150210/174673LOGO



 



 





SOURCE National Association of Realtors

Related Links

http://www.realtor.org