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NRT Incorporated and National Community Reinvestment Coalition Roll Out Fair Housing Training Initiatives
PARSIPPANY, N.J. – Oct. 5, 2006
Building on the alliance announced May 15 between NRT Incorporated, the nation’s largest residential real estate brokerage company, and the National Community Reinvestment Coalition (NCRC) today announced the rollout of a nationwide training program to promote fair housing practices across the country. Starting in New York City and the Mid-Atlantic region, this educational effort will be moving to Chicago and Atlanta in the next few weeks. NRT’s 64,000 sales associates in more than 1,000 offices will receive the training by year end. Workshops are being coordinated in 35 major metropolitan areas with materials provided by the National Association of Realtors (NAR) and enhanced by NRT and NCRC.
NRT sales associates will be certified upon completion of the program and each sign the NRT Fair Housing Pledge, which states that all of the company’s representatives are committed to providing equal professional service to any prospective client, customer, or resident of any community.
"By partnering with NCRC, one of the country's leading proponents of equal housing opportunity, we are setting an example that real estate companies can make a difference in protecting the rights of consumers to live in any community they choose," said Judy Reeves, executive vice president and chief operating officer of NRT Incorporated. "Our efforts don't end with training. Together with NCRC, we are reviewing the fair housing policies and practices of our local companies to ensure that our initiatives will make a significant difference in strengthening neighborhoods and families through homeownership."
On Sept. 28, an NRT company in New York City, The Corcoran Group dedicated October as Fair Housing Training Month. The Corcoran Group is New York City's largest residential real estate brokerage firm, and is rolling out the mandatory fair housing training to its 2,500 sales associates in Manhattan, Brooklyn, the Hamptons and Palm Beach, Fla., in October.
"NRT's partnership will enable us to monitor offices and provide invaluable commentary on how well the sales associates are responding to buyers' requests no matter their background," explained David Berenbaum, executive vice president for NCRC. "We will use this insight to expand and ensure equal professional service as we seek more tools for building community and individual net worth."
The National Community Reinvestment Coalition (www.ncrc.org) was formed in 1990 to harness the collective energies of community reinvestment organizations from across the country and increase the flow of private capital into traditionally underserved communities. NCRC has worked to make community reinvestment activism a common local occurrence and to promote increased community-lender partnerships. NCRC members represent and protect traditionally underserved and vulnerable populations. Members include community development corporations, civil rights groups, community reinvestment advocates, local and state government agencies, and churches.
About NRT Incorporated
NRT Incorporated is the nation's largest residential real estate brokerage company, with more than 1,000 offices, 64,000 sales associates and 8,000 employees operating in 35 major metropolitan areas. NRT, its affiliated companies, marketing partners or joint ventures provide mortgage, title, insurance, escrow, warranty, relocation and concierge services to NRT's family of companies. NRT's commercial operations rank as the 12th-largest corporate-owned commercial real estate brokerage in the United States. In 2005, NRT achieved an industry record with $230 billion in closed sales volume. NRT (www.nrtinc.com), a subsidiary of Realogy Corporation (NYSE: H), operates Realogy's company-owned real estate brokerage offices under the world-renowned brand names of Coldwell Banker®, Coldwell Banker Commercial®, ERA®, Sotheby's International Realty® and The Corcoran Group®.
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