One week ago yesterday, at the NAR Board of Directors, a dues increase was passed. $40 will be added to our dues for next year. Why, you ask, in times like this, do we need or should have a dues increase? Let’s look at our current dues that we now pay NAR: $80 Membership Dues plus a $35 Special Assessment for Public Awareness, now we are going to add $40 to our Membership Dues.
Where do our dues dollars go? All the products, tools and services we receive from NAR are paid for with the $80. All administrative costs, which is the running of the buildings, salaries, etc. come out of non-dues revenue.
The $35 Special Assessment goes to the Public Awareness Campaign: “Home Ownership Matters“, “Housing First” and publicizes to consumers the difference between REALTORS® and other real estate practitioners and the advantages of working with a REALTOR® and more.
So now that we know where those dollars go, why do we need to pay $40 more? Political Survival Initiative What is that you ask? The initiative will allow NAR to provide millions of dollars in additional support to state and local boards, which are facing a cadre of policy proposals that would restrict private property rights and drain home owners’ pocketbooks…we may not like it but “politics as usual” have changed. It’s difficult to know where to turn your attention when there are so many areas in which REALTORS®’ livelihoods are challenged. Financially strapped governments are proposing transfer fees and other taxes on real estate to shore up depleted revenues. Some lawmakers and business interests are trying to put control of the mortgage secondary market exclusively in the hands of private banks. I don’t know about you, but I would pay a lot more to make sure that my livelihood is protected – $40 dollars seems like a small price to pay.
I know we are all working longer, harder and sometimes for less money. These are tough times, but tough times call for tough decisions and this is one of those times. Our sons are in business with us and I would only hope that they can carry on in the real estate profession. I fear that if we do not look to provide for the future, it may not happen. So those are my thoughts, I welcome yours. Let’s be good to each other, let’s be REALTORS®
Quick References: Home Ownership Matters – Public Awareness Campaign: Frequently Asked Questions – You May Not Like It, But ‘Politics as Usual’ Have Change – NAR directors say ‘Yes’ to political initiative
Until Next Monday,