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Page 4C-THE KINGS MOUNTAIN HERALD-Wednesd J i ¥ Photo by Ronnie Hawkins ay, May 17, 1989 KIWANIS SPEAKERS - Kings Mountain Kiwanian Jerry Hoyle, right, is pictured with KM Junior High coaches Phil Weathers, left, and David Heffner who gave the program at recent club meeting. Heffner is the school's athletic director and football coach and Weathers is wrestling coach. History Of National Association Of Realtors By JERRY KING The National Association Of Realtors, the nation's largest trade asso- ciation, was founded in 1908 as the “National of Real Estate Exchanges." Three earlier attempts to organize a national real estate group had met with failure. The first effort in 1891, result- ed in the formation of the National Real Estate Association, which sur- vived only 19 months. Two subsequent efforts also were without success. On May 12, 1908, 120 men repre- senting 19 boards from 13 states and one state association met in Chicago to try again. Their stated objective was "to unite the real estate men of America for the purpose of effectively exerting a combined influence upon matters affecting real estate interest." The group authorized employment of an executive secretary, general counsel and "such other assistance as may be necessary” and also provided for an office for association work. Standing committees, demonstrating the founders’ intended fields of activity, were formed and included: Code of Ethics, taxation, state and municipal legislation, and the organization of lo- cal exchanges. In 1916, the organization's name was changed to the "National Association of Real Estate Boards,:" and in 1972 it became the "National Association Of Realtors," and its pre- sent "R" logo was adopted. Throughout history, the National Association has been working for America's property owners, exerting pressure on government for better housing standards, improved home fi- nancing, the prevention of real estate fraud, the reduction of federal deficit spending, community revitalization, protecting private property rights, fair taxation and encouraging property beautification and protection. As the Association celebrates its 81st year, its members are proud of the many accomplishments and achieve- ments at every level — national, state and local. Some of the Association's earlier achievements include: - Making use of the "Golden Rule" as its theme, the Realtors adopted a strict Code of Ethics in 1913. The National Association was only the sec- ond business group in the nation to fol- low the professions of medicine, law and engineering in the formation and enforcement of a code for its members. - In 1916, Charles N. Chadbourne, a Minneapolis real estate broker , coined the term "Realtor " to identify real es- tate agents who are members of the National Association Of Realtors and subscribe to its strict Code of Ethics. The Patent and Trademark Office reg- istration of the collective marks, Realtors and Realtor were approved in 1949 and 1950, respectively. Improvement in the flow of mort- gage may always has been a major ob- jective of the National Association. In this respect, Realtors provided leader- ship in the development of the Home Owners Loan Corporation, the Federal Home Loan Bank System, the Federal Housing Administration and the Federal National Mortgage Association. Throughout the 1950s, Realtors supported credit efforts to help more families afford housing. They also were involved in liberalizing FHA requirements to make FHA loans available to more people. Since its founding, the National Association has opposed excessive government spending and unfair taxa- tion, and remains heavily involved in political affairs to this day. In 1912, Realtors formed a tax com- mittee and succeeded in having the du- al taxation on property value and mort- gage amount repealed. Realtors worked for the elimination of federal excess profit tax on real es- tate sales in 1920. The interest paid on real estate mortgages became de- ductible from income taxes in 1920 through Realtors efforts as well. After World War II, Realtors worked to de- feat the "quick profits tax" on real es- tate. They also successfully opposed the imposition of a ceiling on the price of real estate. In 1952, a six-year campaign by the National Association was brought to fruition when home sellers were al- lowed to defer capital gains taxes on the sale of a home if another home of equal or greater value was purchased within a year. This ruling has subse- quently been revised so that at present, sellers are allowed two years to buy or build another home and still retain the right to defer capital gains taxes on the prior sale. Expansion of tax relief to the elderly in home sales also was promoted wide- ly by Realtors. In 1962, persons 675 years and over were allowed to exclude the first $30,000 of the profit from the sale of their home from capital gains taxes. This amount was increased to $100,000 in 1978 and the age limit was lowered to 55 years. In 1982, the amount was increased to $125,000. Realtors helped defeat efforts to lim- it deductions for mortgage interest pay- ments in 1976 and 1984. They contin- ue to lobby against this limitation whenever it is proposed as a means of raising additional tax revenues. In 1943, the Realtors Washington Committee, which later became the Realtors Political Action Committee (RPAC), was formed. In 1988, it raised over $2 million through average contri- butions of $23 per members. Citizens benefit from this program by the elec- tion of legislators who support the principles of private property owner- ship and the free enterprise system. The National Association began calling for lower federal deficits and tax relief in 1952 and continues work- ing toward that end. After a massive advocacy campaign in 1980, "The 2% Solution" was adopt- ed by President Reagan as the initial basis of his economic recovery pro- gram. The program was designed to benefit the public by reducing federal spending, eliminating federal deficits and bringing down mortgage interest rates. The federal government in World War II imposed rent control. Although Realtors abided by the law, they worked for its repeal. NAR research has demonstrated that rent control adds to the shortage of apartments and prevents the renovation of units. In some areas, this fight continues today. Realtors participate in task force teams to assist localities in defeating rent control initiatives. Realtors also assisted in the creation of the Rental Housing Industry Coalition, consisting of national orga- nizations with similar concerns regard- ing rent control and the rental housing It only need the points! industry. With the addition of 400,000 sales associates in 1972, the National Association Of Realtors became the * largest trade association in the country. Three sitting presidents, Nixon, Ford, and Reagan, have addressed Realtor meetings. Today, membership is com- posed of nearly 800,000 Realtors and Realtor-Associates, including brokers, salespeople, managers, appraisers, counselors, syndicators, and others in- volved in all aspects of the real estate business. Members belong to one or more of the 1,860 local boards of Realtors located in all 50 states, Guam, Puerto Rico, the Virgin Islands and the District of Columbia. The Association continues provid- ing a facility for education, research and exchange of information among its members and to the public and govern- ment for the purpose of preserving the free enterprise system and the right of free people to own and use real proper- ty. According to Ira Gribin, 1989 NAR president, "The Association takes pride in its responsibility to work with mem- bers of Congress and the executive branch of the federal government, monitoring and responding to govern- ment actions affecting real estate." The National Association of Realtors is a major force for America's property owners. Collectively, membership serves as a nationwide guardian for pri- vate property rights. Unemployment Rate Low Cleveland County had a a low rate of unemployment-2.7 percent- during March and the Gastonia- Charlotte-Rock Hill metropolitan area was 3.0 percent, down from 3.1 percent. Eighty-four counties had unem- ployment rates at or below 5 per- cent for the month of March 1989- compared to 59 in March 1988-reflecting the decrease in the state unemployment rate from a year ago. Analysts with the Employment Security Commission regard 5 percent as a near full-em- ployment situation. The county with the lowest rate in March was Greene at 1.7 per- cent. The county with the highest rate was Graham at 15.2 percent. od ab? PAD? (FP If ADD 3° 625 i AN © hair isn't becoming to you, you should becoming to New Image. HEALTH VIEWS. RAGAN HARPER Pharmacy Teamwork! In some respects the PHARMACIST is like the bas- ketball player who plays the whole game unnoticed, but who scores the winning goal. takes a second, but perhaps the most important obligation that a Pharmacist has, with his team of Health Officials, is to insure a correct, safe prescription. We're the ones on your Health Team to take a shot" at catching a possible last second error in your medication. ndeed, 24-Hours a day, like the basketball pl your Pharmacist stands ready to SCORE when YO ayer, Ou Harper's Prescription Pharmacy 709 W. Mountain St. 739-3687 Poppy Day Program Will Be Feature Of Auxiliary Meeting A Poppy Day program will fea- ture Thursday night's meeting of Unit 155, American Legion Auxiliary, at 7:30 p.m. at the Post Home on York Road. Program co-chairmen are Daphine Starnes and Maybelle Jones. Hostesses are Dot Houston, Willie Howell and Myrtle Christenson. Plans for the Memorial Day Poppy Day distribution will be made. The red paper flowers are made by hospitalized veterans at the state's VA hospitals. Proceeds from the distribution of poppies are used for veterans’ pro- jects, including presentation of a scholarship to a veteran's child. 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The Kings Mountain Herald (Kings Mountain, N.C.)
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May 17, 1989, edition 1
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