SAN DIEGO, CA—The Asian Real Estate Association of America, a national nonprofit trade organization focused on improving the homeownership rates of the Asian-American Pacific Islander (AAPI) community, has installed its next president. Tim Hur, 37, who is the Managing Broker and President of Point Honors and Associates, REALTORS, a boutique real estate firm located in Metro Atlanta, becomes the second youngest leader of the national group. He was recognized last week at AREAA’s National Convention.
AREAA, which was founded in 2003, has more than 17,000 members and is the largest AAPI trade organization in the nation.
Hur’s rise to lead AREAA follows career-long involvement in national, regional and local real estate organizations. He previously served as AREAA’s National Treasurer and Secretary, as well as chapter president for AREAA Atlanta in 2013 and 2014. In addition, he was named the 2018 National Association of Realtors® (NAR) Chair for Diversity, where he worked closely with NAR’s Fred Underwood, NAR’s recently retired Director of Engagement, Diversity and Inclusion. He served three consecutive years in 2013, 2014 and 2015 as NAR’s Liaison for South Korea. Hur has also been active in the Atlanta Association of Realtors.
Hur, a graduate of Georgia Tech University, shared that AREAA will continue to work to increase AAPI homeownership levels while removing barriers AAPI consumers may face in the home buying and selling process including language barriers, alternative credit needs and fair housing. The U.S. Census reports the AAPI community’s homeownership rate is currently 58.7%, far below the 74.2% figure for the Non-Hispanic white population.
He also will push AREAA to lead an effort to attract more AAPI people into the real estate industry.