NAR plans to create credit union and tech incubator

Dues increase in 2008 will support major initiative

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The National Association of Realtors will raise membership dues in 2008 as part of an initiative that has a goal to raise $60 million to $100 million in the next three to five years for a variety of projects, including the creation of a technology corporation and a credit union.

The $16 annual dues increase approved by the association’s directors on Saturday would bring NAR membership dues to $80, a rate that would continue through at least 2010.