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"Minority Real Estate Trade Association Installs New Leadership"

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Washington, DC – August 10, 2009 –Members of the National Association of Real Estate Brokers (NAREB®), elected real estate appraiser and broker, Vincent Wimbish to lead the country’s oldest minority trade group as its new president and CEO. Out-going president, Maria Kong, passed the ceremonial gavel during the culminating event of NAREB’s 62nd Annual Convention held July 30-August 2, 2009 at the Ritz Carlton Hotel, Montego Bay, Jamaica. The more than 600 attendees including NAREB Realtists®, financial services industry executives, homeownership advocates, asset managers, Jamaican government officials, and others were in attendance and championed Mr. Wimbish’s vision for the Association’s direction during his two-year tenure.

In his first speech as president, Mr. Wimbish bringing nearly 34 years in the real estate industry stated, “We’ve got to follow a path that restores and serves our communities with integrity, trust, and truth. The next two years as your president, I commit myself and NAREB leadership to abide by this pledge. We intend to be accountable to you, the membership.”

Established in 1947 to ensure equal housing opportunity for African American homeowners and real estate professionals, NAREB has grown to 88 chapters nationwide. Noting the effect the current economic downturn has had on the real estate industry, Wimbish said, “Our own profession is fighting to keep its head above water. We must work together to find solutions to restore our businesses, re-instill trust in our profession, and identify the best ways to serve our battered and fragmented communities.”

Wimbish called upon the NAREB membership to be better prepared and focused on building stronger relationships with other minority trade associations, the National Association of Realtors, traditional civil rights organizations like the National Urban League and the NAACP. He further stated that a new dialogue will be initiated with the Obama Administration and congressional members to ensure that minority homeownership remains possible and to do NAREB’s part to “reverse the current housing crisis” for all Americans.

Other members of the new leadership team were also installed along with Mr. Wimbish. Serving with him for a two-year term are: First Vice President, Julius Cartwright from Cleveland, OH; Second Vice President, Donnell Spivey of Baltimore, MD; Third Vice President, Ron Cooper of Los Angeles, CA, along with other members of the board of directors.

The National Association of Real Estate Brokers (NAREB) was formed in 1947 out of a need to secure the right to equal housing opportunities, regardless of race, creed, or color. Since its inception, NAREB has participated in and promoted meaningful challenges and supported legislative initiatives to ensure fair housing for all Americans. Today, NAREB has 88 chapters located nationwide. For more information, visit the website at:

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