NAR budget gets boost from rising agent and broker membership

  • NAR membership stood at 1.17 million at the end of April and is expected to hit the 1.2 million mark sometime this year.
  • According to the budget approved Saturday, NAR dues in 2017 will remain the same at $120 per member, with $40 of that going to NAR's political advocacy program, the Realtor Party.
  • The board also voted to continue a $35 per year assessment on top of dues for 2017, 2018 and 2019 for its Consumer Advertising Campaign. The trade group has chosen Phil Dunphy from the TV show Modern Family as the face of that campaign.
  • After the Realtor Party and the Consumer Advertising Campaign, NAR's wholly-owned subsidiary, real estate data and technology company Realtors Property Resource, is by far the trade group's biggest program expense -- and it's about to get costlier.

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WASHINGTON — The National Association of Realtors got a budget boost from increased membership this year, benefiting from brokers and agents trying to get a piece of an improving housing market. NAR membership stood at 1.17 million at the end of April and is expected to hit the 1.2 million mark sometime this year.