In today’s changing market, the need for REALTORS® to better serve their communities has never been more needed. Experience, credibility, trust and ethics are commodities which REALTORS® and professionals of all fields who are involved in the real estate transaction can find in a strong real estate trade association.
REALTORS® have a long history of pursuing a strong Code of Ethics and political advocacy in protecting private property rights. But the need for more specialized trade groups, such as the National Association of Hispanic Real Estate Professionals (NAHREP) has grown over the years and become valuable partners in the real estate industry.
Consider these statistics:
- The Hispanic population is the largest minority group in America, encompassing more than 40 million people, and projected to grow to more than 15 percent of the total U.S. population by 2010. (U.S. Census Bureau, 2004, “U.S. Interim Projections by Age, Sex, Race and Hispanic Origin.”) As this segment grows, Hispanic buying power and homeownership are on the rise.
- The average age of a Latino homebuyer is 24 compared to 32 among Caucasians. (National Association of REALTORS®)
- Over the next 20 years Hispanics are expected to make up 40 percent of all first-time homebuyers. (Harvard Joint Center for Housing Studies)
This year marks NAHREP’s 10-year anniversary as an advocate for Latino American homeownership in America. Its mission is to increase the sustainable Hispanic homeownership rate by empowering the real estate professionals that serve the community. Education is an important driver for the association, which was founded in 1999 by Gary Acosta and Ernest J. Reyes. The association offers NAHREP University, an online learning center with two designations: the NAHREP NCP and the NAHREP Code of Trust Certified Practitioner. Learn more at www.nahrep.org and get details about NAHREP’s Hispanic Marketing Conference to be held this year in Las Vegas.
NAHREP and the other minority trade groups have brought great value to the REALTOR® family with their leadership and partnership in advocacy.