LOS GATOS, Calif. – (Nov. 20, 2007) – Alain Pinel Realtors
Vice President & Regional Manager Jeff Barnett, who is a leading policy advisor in local, state and national real estate associations, was named to a 10-member Financial Policies Subgroup by the National Association of REALTORS® to form a credit union for the organization’s 1.36 million members and their families.He joins NAR past-president Pat V. Combs, NAR Chief Executive Officer Dale Stinton, Michael Brodie, past treasurer of NAR, Jim Helfel, current treasurer of NAR and Richard Rosenthal, past president of the California Association of Realtors on the Financial Policies Subgroup to establish the credit union. Once the credit union is formed, a regulatory board will be established from this group to direct and manage the credit union.NAR directors voted on Nov. 16 to initially fund the credit union with a $10 million grant with association money and a supplemental grant of $5 million any time during the next five years if needed.“Creating a credit union of this scale is a huge, national initiative for the organization. REALTORS® and their families nationwide will benefit by having a credit union of its own,” Barnett said. He added that he is honored to serve on the credit union task force along with some of the real estate industry’s top executives.Mr. Barnett also serves on the board of directors for the Northern California Real Estate Exchange, which officially merged RE Infolink and Central Valley MLS in September. With 23,000 subscribers and a $20 million annual operating budget, NCREX is one of the largest MLS’ in the country. He is chairman-elect for the 2008 NAR multiple listing forum and serves on NAR’s strategic reserve committee, which oversees $60 million in association money that belongs to members. Mr. Barnett has a long history of affiliation with the California Association of Realtors and was appointed to its executive committee in 2008.Jeff Barnett joined APR in 1991 – a year after the residential brokerage started operations, and became manager in the company’s Los Gatos office in 1994.About Alain Pinel Realtors
Founded by Paul Hulme in 1990, Alain Pinel Realtors has 26 prestigious and luxurious residential real estate offices in Santa Clara, San Mateo, San Francisco, Alameda, Contra Costa, Napa, Monterey and Santa Cruz counties. For the second consecutive year, Alain Pinel Realtors was voted by San Jose Mercury News readers as the Best Full-Service Broker and as the Best Broker for Luxury Homes. Alain Pinel Realtors is ranked among the top 10 largest real estate firms nationally with 2006 sales volume of $6.71 billion and an average sales price per transaction side of $1.14 million. Alain Pinel Realtors is a founding member of Luxury Portfolio, an operating unit of The Leading Real Estate Companies of the World (formerly RELO). APR has a joint venture partnership in the mortgage lending institution, Private Mortgage Advisors, which is an affiliate of Wells Fargo Bank, N.A. For a complete listing of Alain Pinel Realtors offices, services and agents, please visit their Web site at www.apr.com
or call 408-741-1111.