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National Association of REALTORS®
The National Association of REALTORS® (NAR) is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the...
National Association of REALTORS®
The National Association of REALTORS® (NAR) is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries. NAR and its employees have demonstrated a commitment to creating and fostering a culture that puts its members first, advances diversity and inclusion, leads change and emphasizes respect, communication and collaboration. NAR respects the rights of individuals using social media to voice their views and opinions. However, within our social media channels, we reserve the right to remove comments that are considered inappropriate, off-topic, abusive, hate speech, or are being used to promote and solicit for third-party sites, initiatives or products. We encourage your feedback! Please keep comments related to the topics presented and always show respect for other members of this community. We monitor this space actively to facilitate dialogue and to enforce our social media policies. General Information The information provided on this page is for educational and informational purposes only. It should not be construed as a recommendation by NAR for any course of action regarding financial, legal or accounting matters. It is not meant as a substitute for professional advice from a qualified legal, accounting or financial professional. NAR does not represent, warrant or endorse the accuracy or reliability of any information displayed, uploaded, downloaded or distributed through this page by any user, or any other person or entity. NAR disclaims liability for any damages or losses, direct or indirect, that may result from use of or reliance on information contained on the page.
General information
Firm type
other
Year founded
1908
Location
Region
North America
Country
United States
City
Chicago
Corporate office
430 North Michigan Avenue, Chicago, Illinois, United States
Additional offices
Washington, D.C., United States
Principals
Kevin Sears
President (2024)
Nykia Wright
Interim CEO (2024)
Sector focus
Frequently asked questions
Who runs investment decisions at NAR?
NAR's investment decisions are managed by a board of directors and finance committee, with oversight of the $1 billion operating budget and reserve funds. The association also operates Second Century Ventures, its venture capital arm that invests in real estate technology through the REACH accelerator (per the firm's official communications).
How does NAR source proprietary deal flow?
Through the REACH accelerator program operated by Second Century Ventures, NAR identifies and invests in early-stage real estate technology companies. The program provides capital, mentorship, and access to NAR's member network (per the firm's official communications).
Is NAR structured as a single family office or does it operate more like a venture firm?
NAR is not a family office or investment firm; it is a professional trade association. Its investment activities include a venture capital arm (Second Century Ventures) and management of reserve funds, but these are secondary to its core mission of representing real estate professionals and setting industry standards.
What investment stages does NAR typically target?
Through Second Century Ventures, NAR targets seed and early-stage real estate technology companies. The REACH accelerator program focuses on startups that can scale within the real estate ecosystem (per the firm's official communications).
Which sectors does NAR explicitly avoid?
NAR's direct investment activities are limited to real estate-related technology and services through Second Century Ventures. It does not invest in unrelated sectors or maintain a broad investment portfolio.
Does NAR maintain philanthropic structures, and how are they separated?
Yes, NAR operates the REALTOR® Relief Foundation, a 501(c)(3) charitable organization that provides housing-related disaster relief. This is separate from the association's operating budget and investment activities (per the firm's official communications).
What is NAR's known posture on co-investments alongside external investors?
NAR typically invests independently through Second Century Ventures and REACH, but has co-invested alongside other real estate and technology investors in portfolio companies. Specific co-investment partners are disclosed on a deal-by-deal basis (per public record).
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