Northern
Virginia Real Estate Board Through the Decades
1920s
A group of brokers organized the Alexandria Real Estate Board
in 1921 which was soon reorganized to include Alexandria, Arlington,
and Fairfax. The population of the area was 60,250.
1930s
Sustaining memberships were established in 1933. Organizations
whose business was closely allied with real estate were eligible
for this new membership without being licensed as real estate
brokers.
1940s
In 1946 the first office was opened, located on North Irving
Street in Arlington to serve the board's 40 members. The term
REALTOR® is approved as a registered trademark by the US
Patent & Trademark Office in 1949.
1950s
The Board voted to establish a Multiple Listing Service in 1953.
The fee was $100 for active or associate brokers or firms, and
a minimum of $12 for each sales agent. In 1955, the Million
Dollar Sales Club was established.
1960s
The Alexandria-Arlington-Fairfax Real Estate Corporation changes
its name to the Northern Virginia Real Estate Board. In 1962,
the Board moves to new offices in Falls Church. VAR voted NVBR
the best in state for its educational programs for members in
1965.
1970s
Freddie Mac was chartered by Congress in 1970 creating the secondary
market for conventional home loans. The US Census Bureau reported
that suburban population had outgrown the population of central
cities.
1980s
Record real estate mergers are recorded in 1988 while paper
terminals for MLS listings are in heavy use.
1990s
NVAR goes online in 1995 while the MLS moves from paper terminals
onto the computer. Independent brokers emerge.
2000s
NAR launches the REALTOR® Relief Fund, distributing over
$8 million to the families affected by September 11, 2001. The
MLS goes wireless in 2002. In 2004, NVAR opens service centers
in Herndon and Alexandria.
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