Kevin Sears President | Official website
The National Association of Realtors (NAR) has released its 2025 Annual Report, providing an overview of the progress made on the organization’s 24 initiatives outlined in its 2026-2028 Strategic Plan. The report also details priorities for the upcoming year.
“While we have a long way to go in realizing our full vision for NAR, I hope you can appreciate the work we have done to build the foundation for NAR to better serve our members and the industry,” said NAR Immediate Past President Kevin Sears. “We have passed consecutive balanced budgets without raising dues, made our initial payment in compliance with the Sitzer-Burnett settlement terms and identified millions of dollars in savings through a strategic reexamination of our budgets, including our consumer ad campaign strategy and event planning processes. These are just the first steps in setting us up for long-term financial wellness.”
The 80-page document is intended to increase transparency and accountability within NAR. It features letters from CEO Nykia Wright, Immediate Past President Kevin Sears, and incoming 2026 President Kevin Brown. According to Wright, “This Annual Report represents NAR’s most transparent and comprehensive update on our progress and priorities. We’ve sought to provide a deep look at each initiative in the Strategic Plan, including how we made progress towards our commitments in 2025 and how we will seek to implement each initiative in 2026.”
NAR’s efforts over the past year were shaped by feedback from members and stakeholders collected through meetings, surveys, and focus groups.
“Our organization has been serving REALTORS for more than a century, and I see this strategic plan as the first three years of our next 100 years of business,” said Brown. “We’re helping our members navigate the issues that impact their day-to-day business, like financing, inventory, insurance, zoning restrictions and other barriers to home and property ownership. It means leveling up areas that members already find valuable, such as our advocacy, research and tech tools. And it means finding new ways to help our members get to, and execute, their next transaction.”
Founded in 1908 as the National Association of Real Estate Exchanges (source), NAR now serves as a leading trade association representing real estate professionals across residential and commercial sectors (source). The organization supports approximately 1,200 local boards along with state associations nationwide (source). Headquartered in Chicago with an office in Washington D.C., it provides resources such as research reports, statistics, education programs, advocacy efforts and news updates (source). The association also works toward promoting diversity within real estate professions (source) while advancing property rights for its members (source).
The term REALTOR identifies professionals who are part of this association and adhere to its Code of Ethics.
For more information or consumer guides about buying or selling homes—including topics like written buyer agreements or negotiating compensation—visit facts.realtor.
