Definition
A REALTIST is a member of the National Association of Real Estate Brokers (NAREB), an organization established in 1947 to address the concerns and challenges faced by minority real estate professionals. The group primarily consists of African American brokers and aims to ensure democracy in housing through advocacy, educational programs, and community development.
Examples
- Networking in NAREB Conferences: REALTIST members frequently participate in NAREB conferences and events to gain insights, network with peers, and advocate for policies promoting fair housing.
- Supporting Fair Housing Initiatives: REALTISTS work collectively to support legislation and local measures aimed at reducing housing discrimination.
- Community Outreach Programs: Many REALTIST members engage in community outreach by educating potential homeowners from minority communities about their rights and available resources.
Frequently Asked Questions (FAQ)
What does the National Association of Real Estate Brokers (NAREB) do?
NAREB promotes the objective of providing equal housing opportunities for all Americans. It provides members with training, resources, and a platform for advocacy.
Who can become a REALTIST?
Membership is open to all real estate professionals who support NAREB’s mission and objectives, regardless of race, color, or ethnicity.
How does being a REALTIST benefit a real estate professional?
Benefits include networking opportunities, access to professional training, tools for business development, and participation in advocacy for fair housing policies.
Is there a difference between a REALTOR and a REALTIST?
Yes, a REALTOR is a member of the National Association of REALTORS® (NAR) whereas a REALTIST is a member of NAREB. Both organizations serve real estate professionals but NAREB mainly focuses on the needs of minority professionals.
Related Terms
- Fair Housing: Refers to federal and state laws that prohibit housing discrimination based on race, color, religion, sex, familial status, national origin, or disability.
- National Association of REALTORS® (NAR): The largest trade association in the United States representing real estate professionals; focuses on sustainable homeownership and provides various resources and advocacy.
- Discrimination in Housing: Unfair treatment of individuals based on discriminatory factors like race, religion, gender, or disability in housing-related activities.
Online References
- National Association of Real Estate Brokers (NAREB)
- U.S. Department of Housing and Urban Development (HUD) - Fair Housing
- National Association of REALTORS® (NAR)
Suggested Books for Further Studies
- “Shaping Shadows: African American Influences in Real Estate” by Alton D. Chapman
- “The Color of Law: A Forgotten History of How Our Government Segregated America” by Richard Rothstein
- “The Fair Housing Act: Cultivating Equality” by Dianne Curtis
Fundamentals of REALTIST: Real Estate Basics Quiz
### What is a REALTIST primarily associated with?
- [ ] National Association of REALTORS® (NAR)
- [x] National Association of Real Estate Brokers (NAREB)
- [ ] International Real Estate Federation (FIABCI)
- [ ] Real Estate Board of New York (REBNY)
> **Explanation:** A REALTIST is a member of the National Association of Real Estate Brokers (NAREB), which mainly focuses on minority real estate professionals and fair housing advocacy.
### What year was the National Association of Real Estate Brokers (NAREB) founded?
- [ ] 1937
- [ ] 1957
- [x] 1947
- [ ] 1967
> **Explanation:** The National Association of Real Estate Brokers (NAREB) was founded in 1947 to address and promote equal housing opportunities for minority communities.
### Who primarily comprises the membership of NAREB?
- [ ] All real estate professionals
- [x] Minority real estate professionals
- [ ] Home inspectors
- [ ] Mortgage brokers
> **Explanation:** NAREB primarily consists of minority real estate professionals, focusing on addressing their specific challenges in promoting fair housing.
### What is the main mission of NAREB?
- [ ] To maximize profits for real estate brokers
- [x] To promote equal housing opportunities
- [ ] To provide free housing
- [ ] To manage real estate properties
> **Explanation:** NAREB's main mission is to promote equal housing opportunities and support the elimination of discrimination in housing.
### Which of the following is a benefit of being a REALTIST?
- [x] Networking opportunities
- [ ] Free legal advice
- [ ] Free home inspection services
- [ ] Guaranteed sales leads
> **Explanation:** One of the primary benefits of being a REALTIST is having networking opportunities with other real estate professionals and access to helpful resources and training.
### How does NAREB support fair housing laws?
- [ ] By offering large discounts on property
- [x] Through advocacy and educational programs
- [ ] By discouraging property appraisals
- [ ] By limiting real estate transactions
> **Explanation:** NAREB supports fair housing laws through advocacy, community outreach, and educational programs aimed at reducing housing discrimination.
### Is membership in NAREB limited to any specific racial or ethnic group?
- [ ] Yes, only to African Americans
- [ ] Yes, only to Asian Americans
- [x] No, it is open to all real estate professionals who support its mission
- [ ] Yes, only to Hispanic Americans
> **Explanation:** Membership in NAREB is open to all real estate professionals, regardless of race or ethnicity, who endorse and support its mission of promoting fair housing.
### What is a significant difference between a REALTOR and a REALTIST?
- [x] A REALTIST is a member of NAREB, while a REALTOR is a member of NAR.
- [ ] A REALTOR works internationally, while a REALTIST works locally.
- [ ] There is no difference.
- [ ] A REALTIST must be licensed; a REALTOR does not need to be.
> **Explanation:** The significant difference is that a REALTIST is a member of the National Association of Real Estate Brokers (NAREB), whereas a REALTOR is a member of the National Association of REALTORS® (NAR).
### What kind of advocacy primarily characterizes NAREB?
- [x] Advocacy for fair housing and equality
- [ ] Advocacy for higher real estate prices
- [ ] Advocacy for reducing property taxes
- [ ] Advocacy for building more skyscrapers
> **Explanation:** NAREB is primarily characterized by its advocacy for fair housing and equality, seeking to address housing discrimination and promote equal opportunities.
### Where does the term ‘REALIST’ originate from?
- [ ] An ancient Greek term for property ownership
- [ ] A term coined by a real estate author
- [x] A term created by the National Association of Real Estate Brokers (NAREB)
- [ ] It refers to someone who deals with reality
> **Explanation:** The term "REALIST" was coined by the National Association of Real Estate Brokers (NAREB) to identify its members who are committed to promoting fair housing and equal opportunities in the real estate industry.
Thank you for engaging with our informative article on REALTIST and testing your knowledge with our quiz. Keep learning and promoting fair housing!
