What is the main role of the National Association of Realtors (NAR)?

The National Association of Realtors (NAR) primarily serves to represent real estate professionals in the industry. This includes providing resources, advocacy, and support for its members, who are typically real estate agents and brokers. NAR works to ensure that the interests of these professionals are represented at local, state, and national levels, engaging in lobbying efforts to influence legislation that affects the real estate market.

Part of NAR's role is to establish a code of ethics and standards for its members, promoting professionalism and integrity within the real estate profession. Additionally, the organization offers various training programs, certifications, and market data that help its members improve their practice and stay updated on industry trends.

The other choices involve activities that fall outside NAR’s primary mission. Managing real estate transactions, developing properties, and regulating property taxes are all tasks typically handled by real estate agents, property developers, and government regulatory bodies, respectively, rather than an organization dedicated to representing professionals in the field.