In 1916, the National Association of Real Estate Exchange's name was changed to
                        The National Association of Real Estate Boards (NAREB). That same year, the
                        term "REALTOR," identifying real estate professionals who are members of the
                        National Association and subscribers to its strict Code of Ethics, was devised by
                        Charles N. Chadbourn, a past president of the Minneapolis Real Estate Board.
                        
