FOR IMMEDIATE RELEASE: November 6 2008
The Sacramento Association of REALTORS will celebrate 100 years in Sacramento with a centennial gala on Friday, November 14.
The Sacramento Association of REALTORS® was formed in 1908 to promote professionalism and ethics in business practices. The National Association of REALTORS® was also founded in 1908.
In a proclamation marking the Centennial, Gov. Arnold Schwarzenegger said, “The last 100 years have seen you accomplish great things for the people of Sacramento. Many families’ dreams of homeownership have become a reality thanks to your tireless efforts and commitment to your profession.”
“The history of SAR details not only the growth of the Association but of Sacramento and surrounding communities: as Sacramento experienced building booms throughout the 20th Century, its leaders held political office, sold homes and developed subdivisions, neighborhoods and new cities in Sacramento County,” Alan Wagner, SAR President, noted. “In 100 years, the Sacramento Realty Board has become the Sacramento Association of REALTORS® with more than 6000 Members from diverse backgrounds.”
The real estate sector in Sacramento County supports 31,920 jobs; $6.6 billion of output, and $501 million of employee compensation in one year, according to the Sacramento Regional Research Institute.
The Centennial Gala will feature highlights of the past century in Sacramento, as well as entertainment by local comedian Jack Gallagher. Local elected officials and other dignitaries will be among the guest. The Gala will be held at the association’s headquarters, 2003 Howe Ave.
1906-1907 – Sacramento real estate agents began holding meetings called “get togethers” in an effort to become more professional.
1908 – Sacramento Realty Board officially founded. W.R. Noble elected first President.
1917 – 1910 SAR President Dan Carmichael elected Mayor of Sacramento
1918 – SAR elected to membership of the National Association of Real Estate Exchanges (now NAR).
Members became subject to the Code of Ethics and could use the term REALTOR®
1920’s – Members Chris R. Jones, Wilber Brand, and Frank Williams formed the Sierra Oaks Development Corporation and set about developing the areas along and around H Street in East Sacramento.
1935 – In the depth of the Great Depression, Member companies Miller & Harrigan and Jones, Brand, and Hulin opened new offices.
1939 – SAR Past President Chris R. Jones was elected President of the California Real Estate Association (now C.A.R.).
1942 – The State of California issued 30,020 real estate licenses.
1953 – SAR Past President Frank MacBride was elected President of the California Real Estate Association (now C.A.R.).
1953 – SAR held its first Golf Tournament in October at the Del Paso Country Club.
1962 – The first scholarships, totaling $600, were handed out to four local students.
(Note: in 2008, 27 scholarships worth $37,750 were distributed, bringing the total award distribution for the past four years to over $154,000 for 112 students.)
1973 – The Masters Club was founded – first President is Judy Thompson
1977 – Computers arrived at SAR
1979 – Neva Cimarolli was elected as the President of the Board of Directors, the first woman to hold that position.
1982 – First CanTree built.
1984 – SAR builds a new home at 2003 Howe Avenue
1985 – MetroList Formed
1991 – SAR Past President Mack Powell elected President of the C.A.R.
1993 – MLS Books discontinued.
2000 – Bill Nunally was elected as the President of the Board of Directors, the first African American to hold that position.
2007 – CanTree celebrates its 25th year. SAR and CanTree have raised $1.5 million and have become one of the largest individual donors to the Salvation Army in Sacramento. (The 2007 total was $102,000)
2008 – SAR celebrates 100 years as community builders, home ownership advocates, and standard-bearers for professionalism.