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President’s Corner Some background on the Lodi Association of Realtors and its rich history

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Kerry Suess

Posted: Friday, January 28, 2011 10:14 am | Updated: 10:15 am, Fri Jan 28, 2011.

I recently saw an old friend from high school and he congratulated me on being the 2011 president of the Lodi Association of Realtors. He had read one of these articles in the paper and I jokingly apologized that he will have to look at my picture all year. It was a short conversation, but during it he asked me “What is the Lodi Association of Realtors?” and he also asked if I get paid. I don’t get paid, but I do like the idea. Before I attempt to answer the question lets go back a little further in history.

The National Association of Realtors was founded as the National Association of Real Estate Exchanges on May 12, 1908 at the YMCA Auditorium in Chicago, IL. With 120 founding members, 19 Boards, and one State Association, the National Association of Real Estate Exchanges’ objective was “to unite the real estate men of America for the purpose of effectively exerting a combined influence upon matters affecting real estate interests.”

The Association’s founding boards included cities such as Baltimore, Chicago, Cincinnati, Cleveland, Detroit and Los Angeles. The California State Realty Federation — now the California Association of REALTORS — was also a member.

The Code of Ethics was adopted in 1913 with the Golden Rule as its theme and in 1916; the National Association of Real Estate Exchange’s name was changed to The National Association of Real Estate Boards (NAREB).  That same year, the term “REALTOR”, identifying real estate professionals who are members of the National Association and subscribers to its strict Code of Ethics, was devised by Charles N. Chadbourn, a past president of the Minneapolis Real Estate Board.

The name was changed in 1974 to the National Association of Realtors. NAR’s membership is composed of residential and commercial real estate brokers, real estate salespeople, immovable property managers, appraisers, counselors, and others engaged in all aspects of the real estate industry, where a state license to practice is required. Members belong to one or more of some 1,600 local Realtor boards or associations. They are pledged to a code of ethics and standards of practice, which includes duties to clients and customers, the public, and other Realtors.

Local associations, like Lodi are required to enforce the code of ethics through a Professional Standards Council or Committee. The Lodi Association of Realtors or LAR has recently updated their Mission Statement. It was adopted May 7, 2009 and follows:

It is the mission of the Lodi Association of Realtors to provide members with the education and resources that will enable them to conduct business successfully, to promote and enforce professional and ethical standards and to strengthen the REALTOR image by improving the quality of life in the communities we serve, promoting equal housing opportunity and protecting and preserving property rights.

The Lodi Association of Realtors will celebrate 90 years of organized real estate this year. The Lodi Board of Realtors was established Oct. 25, 1921 and was accepted into the National Association on Mar. 6, 1922. While most of the LAR membership is from the Lodi area, Stockton and Modesto we have members from Roseville to El Cajon. We are a Non-Profit Organization which has been led by our Executive Officer, MarJo Rivinius since 1974. MarJo will be retiring at the end of 2011 and her service to our association and membership is beyond measure. “Thank you”.

It’s interesting that the National Association of Real Estate Exchanges’ original objective was “to unite the real estate men of America”. While you are reading this I will be in San Diego at California Association of Realtors Directors meetings with seven lovely ladies. The industry has changed genders and I must say I don’t mind. Thank you to www.realtor.org, www.wikipedia.org and www.lodirealtors.org for my sources of information.

Questions and comments can be made to Kerry Suess at lodipres2011@yahoo.com.

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