Virginia SR 29: Commending the Virginia Peninsula Association of REALTORS®.

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2020 SESSION

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SENATE RESOLUTION NO. 29 

Commending the Virginia Peninsula Association of REALTORS�. 

Agreed to by the Senate, February 20, 2020 

WHEREAS, the Virginia Peninsula Association of REALTORS�, one of 
the most active and highly respected real estate organizations in the region 
and throughout the Commonwealth, is celebrating its 100th anniversary in 2020; 
and

WHEREAS, founded in December 1920 as the Newport News Real 
Estate and Insurance Exchange, the Virginia Peninsula Association of REALTORS� 
was established to unite the real estate and insurance professions for the 
purpose of �effectively exerting a combined influence upon matters affecting 
real estate�; and 

WHEREAS, the Newport News Real Estate and Insurance Exchange 
was chartered on October 14, 1922, by the National Association of REALTORS� 
and, in 1925, became the Newport News-Hampton Real Estate and Insurance 
Exchange; and 

WHEREAS, in 1952, the Newport News-Hampton Real Estate 
and Insurance Exchange and the Hampton Real Estate and Insurance Association 
merged into a single trade organization known as the Peninsula Association of 
Insurance Agents; in 1953, the real estate side of the organization became 
known as the Newport News-Warwick Real Estate Board, which created a Multiple 
Listing System in 1958; and

WHEREAS, in April 1962, the Newport News-Hampton Real Estate 
Board was formed, with Russell Winfree serving as the first president; the 
organization was subsequently renamed as the Newport News-Hampton Board of 
REALTORS� and, in 1990, the Virginia Peninsula Association of REALTORS�; and 

WHEREAS, the Virginia Peninsula Association of REALTORS� has 
grown from only 19 members in 1920 to more than 1,200 members in its centennial 
year; and 

WHEREAS, the jurisdiction of the Virginia Peninsula 
Association of REALTORS� comprises the localities of Hampton, Newport News, 
Poquoson, Isle of Wight County, and York County; and

WHEREAS, the Virginia Peninsula Association of REALTORS� 
provides public policy and advocacy, education and training, and industry 
resources to real estate professionals across the Virginia Peninsula; and

WHEREAS, the Virginia Peninsula Association of REALTORS�, as 
an ardent supporter of fair housing, recognizes home ownership as key to the 
American Dream and strives to make that dream universally achievable; and

WHEREAS, the members of the Virginia Peninsula Association of 
REALTORS� believe strongly that community outreach and engagement is central to 
the association�s mission, and they contribute hundreds of volunteer hours each 
year to improve and strengthen the region�s economy and standards of living; 
and

WHEREAS, the members of the Virginia Peninsula Association of 
REALTORS� are significant contributors to the regional and state economy, 
facilitating the buying and selling of both residential and commercial real 
estate, as well as property management; and

WHEREAS, members of