WHAT IS Realtor Property Resource
Realtor Property Resource or the RPR is a benefit for members of the National Association of Realtors or the NAR. A realtor who is a member of the NAR receives online access to comprehensive real estate market data, analytics and reports for each of NAR's constituencies. It includes a national database of more than 147 million residential and commercial properties in the U.S. The database includes information on zoning, permits, mortgage and lien data, schools and foreclosures. The Realtors Property Resource is available only to NAR members and is included in yearly NAR dues.
BREAKING DOWN Realtor Property Resource
Realtor Property Resource is a database managed by the National Association of Realtors. The NAR is a trade association in the U.S. composed of residential and commercial realtors who are appraisers, brokers, counselors, property managers, salespeople, and others participating in all aspects of the real estate industry. NAR has more than one million members and promotes professional development, research, and information exchange between its members and the public and government, with the intent of preserving the free enterprise system and the right to own real property.
The NAR developed the Realtors Property Resource database to help real estate professionals better meet the needs of their clients. RPR is available to all realtors and has tools for residential and commercial agents and brokers, appraisers, associations, and multiple listing service companies. The only way for a non-realtor to access this information is through an RPR report that has been created, branded, and sent by a realtor. Realtors Property Resource is a wholly owned subsidiary of the National Association of Realtors, incorporated in November 2009, and is 100% owned, operated, and controlled by the members of NAR.
The National Association of Realtors and Other Member Benefits
The association is a national organization of real estate brokers, created to promote the real estate profession and foster professional behavior in its members. The Realtor Property Resource is one of several NAR member benefits. Other benefits include personal insurance options, electronics and mobile technology, travel and automotive discounts, financial services and risk management programs, office supplies and services, marketing resources, digital and printed books, journals, reports and guides, research and statistics, consumer outreach, and educational tools. The NAR has 50 state associations as well as a number of affiliate organizations.
Along with the other numerous benefits to its members, the NAR has a research division that collects and disseminates real estate data and conducts economic analysis. The NAR then sends out this information to its members in the form of press releases, reports, presentations, and daily blog posts about the overall economy and housing market.