Hungarian Real Estate Association
Hungarian Real Estate Association was founded in 1991 as a national body representing real estate professionals. It currently has more than 470 members engaged in real estate trade, development, maintenance, property and business evaluation and financial analysis of real estate. The main task of Hungarian Real Estate Association is to represent its members before the Hungarian authorities and other decision-makers and in general to promote services of its members. Furthermore, the aim of the association is to increase professional skills and reputation of real estate practitioners and further the cooperation among members. In order to realize these goals it provides the following member services: code of ethics development and enforcement, information, publishing, legal advice, education and professional certification. The Association assists members to further develop their professional standards and business activities and acts as a professional PR organization on their behalf.
The Association participates in drafting laws concerning real estate and monitoring real estate legislation. For this purpose the Hungarian Real Estate Association keeps active contact with both Hungarian and foreign authorities.
The Association is the member of five international professional organizations: ICREA (The International Consortium of Real Estate Associations), CEI (Confederation Européenne de I’Immobilier), TEGoVA (The European Group of Valuers’ Associations), CEPI-EPAG (Conseil Européen des Professions Immobiliéres) and FIABCI (International Real Estate Federation). The Hungarian Real Estate Association also collaborates with the National Association of Realtors (NAR) which covers all states of the USA and other two associations in Florida (Orlando Regional REALTOR Association – ORRA and The REALTOR Association of Greater Miami and The Beaches, Inc – RAMB).
The structure and operation of the Association is based on the association statutes and bylaws. The General Assembly of the Association sits twice a year. The work of the Association is conducted by the Presidency and performed by the acting secretariat. The professional activity of the Association is assisted by 9 committees.
All members of the Association have full professional liability insurance.