Dale Stinton Named NAR Executive Vice President and CEO.

WASHINGTON -- Dale A. Stinton was named executive vice president and chief executive officer of the National Association of Realtors(R) today. Stinton, who is NAR's chief financial and chief information officer, will take over the reins of the nation's largest trade association on November 1, succeeding Terry McDermott, who is retiring. E[acute accent]"Dale brings outstanding leadership skills, exceptional knowledge of the real estate industry and proven abilities to the most important job at NAR. We're delighted that Dale will be at NAR's helm in the years to come. No one could be more qualified," said NAR President Al Mansell. Stinton was the unanimous choice of NAR's leadership team. E[acute accent]"I believe Dale's selection is an outstanding endorsement from the membership of our culture and performance and as such is a complement to us all," said McDermott in a message to NAR staff. E[acute accent]Stinton joined NAR 24 years ago and became CFO in 1991. He served as acting CEO and executive vice president in 1996 and became CFO/CIO in 1998. In that role his duties include oversight of the association's finances, including its political action committee, RPAC, and its Web site, Realtor.org. E[acute accent]He has directed the association's long-term strategic information and technology agenda. Stinton recently oversaw the development, financing and construction of NAR's new $47 million award-winning Washington, D.C., office building and the establishment of the $52 million Strategic Investment Reserve. E[acute accent]Stinton worked with NAR leadership to set up the Realtors(R) Housing Relief Fund in 2001 to raise funds and ensure that more than 1,200 families would not lose their homes as a result of the attacks on September 11, and has managed the Realtors(R) Relief Foundation, which has raised funds to aid victims of the hurricanes in 2004, the Tsunami earlier this year, and Hurricane Katrina. E[acute accent]Stinton is a Certified Association Executive (CAE), a Certified Public Accountant (CPA) and a Certified Management Accountant (CMA) designation. He earned his MBA from DePaul University and his BS from Western Illinois University. E[acute accent]He lives with his wife, Maryann, and his children Brad, Ashley, and Greg in Saint Charles, Ill. E[acute accent]The National Association of Realtors(R), "The Voice for Real Estate," is America's largest trade association, representing more than 1 million members involved in all aspects of the residential and commercial real estate industries.

E[acute accent]Information about NAR is available at http://www.realtor.org. This and other news releases are posted in the Web site's "News Media" section in the NAR Media Center.