The National Association of Realtors (NAR), whose members are known as Realtors, is North America’s largest trade association. It represents over 1.2 million members (as reported November 2008), including NAR’s institutes, societies, and councils, involved in all aspects of the residential and commercial real estate industries. NAR also functions as a self-regulatory organization for real estate brokerage. The President of NAR for 2012 is Maurice “Moe” Veissi. The organization is headquartered in Chicago.