Entry #2 and #3: We're not fond of the font being used. We need to incorporate a larger logo for both of these entries and the overall look and feel should be much more modern and contemporary.
You're definitely on the right track, with these new designs, Jozsef. I would like all 3 "AAR" letters incorporated instead of one single "A". Feel free to incorporate another design besides just the AAR Arcadia Association of Realtors wording.