NAR Announces New REALTOR Benefits® Program Partnership
CHICAGO (September 21, 2021) – The National Association of Realtors® announced today the launch of a new resource being made available to its members nationwide through the REALTOR Benefits® Program. The offering, Residential Real Estate Council’s Broker Solutions, was developed to ensure residential real estate brokerages with fewer than 150 agents are able to provide service and support to their agents comparable to what is typically offered by larger entities.
Last week, NAR released its 2021 Profile of Real Estate Firms, which found that the vast majority of real estate brokerages in America are small, independent operations. Specifically, four out of five real estate firms operated from a single office, typically with three full-time real estate licensees, and 81% of all U.S. brokerages are residential.
“Smaller, independent brokerages have limited resources to navigate the endless stream of disruptions in our market,” said NAR CEO Bob Goldberg. “But as the NAR report from last week showed, these are the brokerages which dominate the market and propel our industry forward. We’re excited to announce this partnership with RRC, which will help to ensure small, independent firms have access to the same resources as those affiliated with major franchises and corporations.”
Through various educational and professional development programs and consulting services, RRC’s Broker Solutions offers a number of tailored programs to help brokers equip agents with the tools needed to succeed in today’s market. RRC Broker Solutions has agreed to provide all NAR members, non-member NAR staff, state/local association staff and family members with $50 off full-priced education programs provided by Broker Solutions.
RRC was established in 1976 to provide real estate brokers and agents with shared knowledge and tools. Recognizing the need for advanced education, the Council developed training courses and established the Certified Residential Specialist (CRS) designation.
The National Association of Realtors® 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.