ADVERTISING SUPPLEMENT NAR Apologizes for Policies that Innovative Simulation Training Tackles Discrimination in R.E. Fueled Racial The National Association of Realtors on Nov. 19 announced the release of a new interactive training platform designed to help combat discrimination in America's real estate market. The training will be made available at no cost to real estate professionals throughout the country. Known as "Fairhaven," the link offers an immersive simulation where agents work against the clock to close four deals, confronting various scenarios where discrimination enters into the transaction. Inequality Southland Regonal Association of Reators By Nancy Trovet Comahan, Presidert, and David Waier The president of the 1.4-million member National Association of Realtors issued a formal apology on Nov. 19 for the As- sociation's past policies that contributed to segregation and racial inequality in America. During a virtual fair housing sum- mit hosted by The Hill and SOUTHLAND REGIONAL AssoCIATION OF REALTORS', INC. Voice of Real Estate Training helps agents identify, confront discrimination in homebuying 2020 1920 The training, which also provides customized feedback to help real estate professionals incorporate fair housing principles in their daily interactions, will be offered directly to NAR members and to brokerage firms and to Realtor associations. It was produced in partnership with global professional services firm Emst and Young. "We are excited to announce the release of Fairhaven today, a new approach to fair housing training that is unlike anything currently available in the real estate industry," said NAR President Charlie Oppler. "Fairhaven uses the immersive power of storytelling to deliver powerful lessons that will help promote equity in our nations housing market. NAR will continue our work to create innovative anti-discrimination training and to champion efforts that encourage diversity, fight racial bias and build more inclusive communities." In the fictional town of Fairhaven, agents must choose how to respond to various scenarios involving discrimination in real estate. They advance through the simulation based on their answers and receive feedback on their performance. In an innovative approach, the course also places agents in the role of a client experiencing discrimination. The client point-of-view scenarios are paired with powerful testimonials illustrating the impact of housing discrimination in real people's lives. Fairhaven.realtor, accessible to members only, comes as part of NAR'S ACTI Initiative, the associations fair housing action plan that emphasizes Accountability, Culture Change and Training to promote equal opportunity in real estate. In addition to training, the ACT! plan introduces self-testing and other mechanisms for holding real estate professionals accountable for discrimination. As industry leaders in support of fair housing initiatives, NAR will make the resource available to all NAR members, industry partners and other real estate professionals directly via an online portal, found at Fairhaven. realtor. NAR also will offer Fairhaven as a software package for brokerage and association learning management systems. current and future efforts by NAR to lead the industry's defense of fair legacy of the past ... We have to housing. "Realtors have an admittedly tough history, but we have turned the comer and now have emerged signed to highlight Accountability, educational disparities. This is the address it." NAR recently implemented its fair housing initiative, ACT!- de- cosponsored by NAR, Presi- dent Charlie Oppler offered an emotional apology on "What Realtors did was an outrage to our morals and our ideals. It was a betrayal of our commitmit to fairness and equality Nancy Tronel Camahan. behalf of the SRAR 2020 Presidert industry for NAR's actions during a large part of the 20th century. "What Realtors did was an outrage to our morals and our ide- als," Oppler said. "It was a betrayal of our commitment to fairness and equality. Tm here today, as the President of the National Association of Re- altors, to say that we were wrong," Oppler said. "We can't go back to fix the mistakes of the past, but we can look at this problem squarely in the eye. And, on behalf of our industry, we can say that what Realtors did was shameful, and we are sorry." NAK initially opposed passage of the Fair Housing Act in 1968, and at one time allowed the exclu- sion of members based on race or sex. This discrimination was part of a systematic policy of residen- tial racial segregation, led by the federal government and supported by America's banking system and real estate industry, and driven by practices like redlining. "Because of our past mistakes, the real estate industry has a special and they have broader impacts on role to play in the fight for fair housing," Oppler said. The discussions also focused on as leaders on these important issues," said Bryan Greene, NAR director of Fair Housing. "Now we are talking about expanding the Fair Housing Act in ways we could not have imagined perhaps several decades Culture Change and Training. The goal is to ensure Realtors lead in the fight against housing discrimi- nation, while also partner- ing with the U.S. Chamber of Com- merce's ago. "You can see in our neighbor- hoods the imprints of redlining from 80 years ago, Greene continued. "Many of these discrimi- Equality of Oppor- tunity Initiative Mortgage Rates Drop to New Record Low Bryan Greene, NAR Director of Fair Housing Policy as part of a broad na- tional effort to examine economic inequality and advance economic inclusion. NAR also continues its work alongside the National Association of Real Estate Brokers and the Urban Institute to address the persistent low rates of African- American homeownership. To follow NAR's journey on fair housing, go to NAR.realtor/ For the 13th time this year, mortgage rates have fallen to an all-time low the latest indication of the pandemic's impact on the U.S. housing market, according to Market Watch. The 30-year fixed-rate mortgage averaged 2.72 percent for the week ending Nov. 19, down 12 basis points from the week prior, Freddie Mac reported. The 30-year's rate is nearly a full percentage point below where rates were a year ago. During this same time in 2019, these loans had an average rate of 3.66 Interest Rate Update Charle Oppler, President, Na natory practices denied tional Association of Reaton As reported by Freddie Mac on: November 19 the opportunities for families to pass on wealth. We see that white Americans own 10 times the 30-Yr FRM 2.72% 15-Yr FRM 2.28% November 12 30-Yr FRM 2.84% wealth of African-Americans. "So, these are serious issues, 15-Yr FRM 2.34% fairhousing. percent. The Southland Regional Association of Real tors is a local trade association with more than 10,300 members senving the San Fer nando and Santa Clarita Valleys. SRAR is disparities, employment disparities, of the largest local associatlons in the nation. society beyond housing," Greene said. "It means that we have health The 15-year fixed-rate mortgage fell six basis points to an average of 2.28 percent, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage dropped by 26 basis points to 2.85 percent. THE VOICE OF REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Nancy Troxell Carnahan, SRAR 2020 President, c/o DavidW@SRAR.com REALTORS is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS and subscribes to its strict Code of Ethics. ADVERTISING SUPPLEMENT NAR Apologizes for Policies that Innovative Simulation Training Tackles Discrimination in R.E. Fueled Racial The National Association of Realtors on Nov. 19 announced the release of a new interactive training platform designed to help combat discrimination in America's real estate market. The training will be made available at no cost to real estate professionals throughout the country. Known as "Fairhaven," the link offers an immersive simulation where agents work against the clock to close four deals, confronting various scenarios where discrimination enters into the transaction. Inequality Southland Regonal Association of Reators By Nancy Trovet Comahan, Presidert, and David Waier The president of the 1.4-million member National Association of Realtors issued a formal apology on Nov. 19 for the As- sociation's past policies that contributed to segregation and racial inequality in America. During a virtual fair housing sum- mit hosted by The Hill and SOUTHLAND REGIONAL AssoCIATION OF REALTORS', INC. Voice of Real Estate Training helps agents identify, confront discrimination in homebuying 2020 1920 The training, which also provides customized feedback to help real estate professionals incorporate fair housing principles in their daily interactions, will be offered directly to NAR members and to brokerage firms and to Realtor associations. It was produced in partnership with global professional services firm Emst and Young. "We are excited to announce the release of Fairhaven today, a new approach to fair housing training that is unlike anything currently available in the real estate industry," said NAR President Charlie Oppler. "Fairhaven uses the immersive power of storytelling to deliver powerful lessons that will help promote equity in our nations housing market. NAR will continue our work to create innovative anti-discrimination training and to champion efforts that encourage diversity, fight racial bias and build more inclusive communities." In the fictional town of Fairhaven, agents must choose how to respond to various scenarios involving discrimination in real estate. They advance through the simulation based on their answers and receive feedback on their performance. In an innovative approach, the course also places agents in the role of a client experiencing discrimination. The client point-of-view scenarios are paired with powerful testimonials illustrating the impact of housing discrimination in real people's lives. Fairhaven.realtor, accessible to members only, comes as part of NAR'S ACTI Initiative, the associations fair housing action plan that emphasizes Accountability, Culture Change and Training to promote equal opportunity in real estate. In addition to training, the ACT! plan introduces self-testing and other mechanisms for holding real estate professionals accountable for discrimination. As industry leaders in support of fair housing initiatives, NAR will make the resource available to all NAR members, industry partners and other real estate professionals directly via an online portal, found at Fairhaven. realtor. NAR also will offer Fairhaven as a software package for brokerage and association learning management systems. current and future efforts by NAR to lead the industry's defense of fair legacy of the past ... We have to housing. "Realtors have an admittedly tough history, but we have turned the comer and now have emerged signed to highlight Accountability, educational disparities. This is the address it." NAR recently implemented its fair housing initiative, ACT!- de- cosponsored by NAR, Presi- dent Charlie Oppler offered an emotional apology on "What Realtors did was an outrage to our morals and our ideals. It was a betrayal of our commitmit to fairness and equality Nancy Tronel Camahan. behalf of the SRAR 2020 Presidert industry for NAR's actions during a large part of the 20th century. "What Realtors did was an outrage to our morals and our ide- als," Oppler said. "It was a betrayal of our commitment to fairness and equality. Tm here today, as the President of the National Association of Re- altors, to say that we were wrong," Oppler said. "We can't go back to fix the mistakes of the past, but we can look at this problem squarely in the eye. And, on behalf of our industry, we can say that what Realtors did was shameful, and we are sorry." NAK initially opposed passage of the Fair Housing Act in 1968, and at one time allowed the exclu- sion of members based on race or sex. This discrimination was part of a systematic policy of residen- tial racial segregation, led by the federal government and supported by America's banking system and real estate industry, and driven by practices like redlining. "Because of our past mistakes, the real estate industry has a special and they have broader impacts on role to play in the fight for fair housing," Oppler said. The discussions also focused on as leaders on these important issues," said Bryan Greene, NAR director of Fair Housing. "Now we are talking about expanding the Fair Housing Act in ways we could not have imagined perhaps several decades Culture Change and Training. The goal is to ensure Realtors lead in the fight against housing discrimi- nation, while also partner- ing with the U.S. Chamber of Com- merce's ago. "You can see in our neighbor- hoods the imprints of redlining from 80 years ago, Greene continued. "Many of these discrimi- Equality of Oppor- tunity Initiative Mortgage Rates Drop to New Record Low Bryan Greene, NAR Director of Fair Housing Policy as part of a broad na- tional effort to examine economic inequality and advance economic inclusion. NAR also continues its work alongside the National Association of Real Estate Brokers and the Urban Institute to address the persistent low rates of African- American homeownership. To follow NAR's journey on fair housing, go to NAR.realtor/ For the 13th time this year, mortgage rates have fallen to an all-time low the latest indication of the pandemic's impact on the U.S. housing market, according to Market Watch. The 30-year fixed-rate mortgage averaged 2.72 percent for the week ending Nov. 19, down 12 basis points from the week prior, Freddie Mac reported. The 30-year's rate is nearly a full percentage point below where rates were a year ago. During this same time in 2019, these loans had an average rate of 3.66 Interest Rate Update Charle Oppler, President, Na natory practices denied tional Association of Reaton As reported by Freddie Mac on: November 19 the opportunities for families to pass on wealth. We see that white Americans own 10 times the 30-Yr FRM 2.72% 15-Yr FRM 2.28% November 12 30-Yr FRM 2.84% wealth of African-Americans. "So, these are serious issues, 15-Yr FRM 2.34% fairhousing. percent. The Southland Regional Association of Real tors is a local trade association with more than 10,300 members senving the San Fer nando and Santa Clarita Valleys. SRAR is disparities, employment disparities, of the largest local associatlons in the nation. society beyond housing," Greene said. "It means that we have health The 15-year fixed-rate mortgage fell six basis points to an average of 2.28 percent, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage dropped by 26 basis points to 2.85 percent. THE VOICE OF REAL ESTATE IN THE SAN FERNANDO AND SANTA CLARITA VALLEYS www.SRAR.com | Real Estate Questions? E-mail Nancy Troxell Carnahan, SRAR 2020 President, c/o DavidW@SRAR.com REALTORS is a federally registered collective membership mark which identifies a real estate professional who is a Member of the NATIONAL ASSOCIATION OF REALTORS and subscribes to its strict Code of Ethics.