The National Association of REALTORS® has proposed a $30 dues increase in 2019 to fund new initiatives and tackle the future needs and challenges of the industry. Of the increase, $17 is dedicated to REALTOR® Party programming, such as issues mobilization activities, state and local expenditures, and consumer advocacy outreach. The remaining $13 of the increase will fund operating programming, such as a forms/transaction-management platform and strategic business innovation. If the increase is approved, total NAR dues will be $150, plus the $35 special assessment for the ongoing consumer advertising campaign.
The proposal, which will be voted on by the NAR Board of Directors May 19, also includes a forward-looking annual 2.5% dues increase beginning in 2020 to continue to serve members at the highest level.
The new programming paid for in the 2019 budget is based on S.M.A.R.T initiatives, which stands for Strategic Measures Advancing REALTORS® to Tomorrow. The budget includes funding to:
- Define measurable increases in professionalism
- Increase influence in an uncertain legislative, regulatory, and political environment
- Take the management of real estate data to the next level
- Ensure the role of the REALTOR® is essential to the consumer.
Find more information on the budget and the process to create at nar.realtor/smartbudget.