WASHINGTON -- A budget proposal for the National Association of Realtors projects the trade group will run at a loss for the next three years. The proposal projects the operating budget's net revenue will total $1.71 million in 2013 but anticipates NAR will have to dip into reserves for between $614,559 and $727,246 each year from 2014 through 2016. The shortfalls are due to requests for incremental additions to current, not new, programs that "we don't have the dues dollars to support" but were nonetheless approved by NAR's finance committee, NAR Comptroller John Pierpoint told attendees at a Thursday forum to discuss the proposed budget at NAR's Midyear Legislative Meetings and Trade Expo. One attendee objected that he didn't want to return home and tell his members that "we're ...
May 16, 2013 by Andrea V. Brambila
MLS & Associations
May 14, 2013 by Andrea V. Brambila