MLS & Associations

Where NAR spends its money: Employee compensation

Here's an in-depth look at the association's biggest expense: paying its employees (and certain board members)

Editor's note: Please scroll down to see a response from NAR treasurer Michael McGrew. The National Association of Realtors (NAR) is known as one of the most powerful trade groups in the country. It makes almost $200 million in revenue every year, most of that from member dues -- and its largest expenditure, by far, is employee compensation and salaries. Like every nonprofit organization, NAR is required to submit annual reports of its finances to the government; those forms are publicly available. Inman used the 990 tax forms from 2012, 2013 and 2014 (links go to the forms on Guidestar.org) to look at the revenue and expenses that NAR reported for those years. Here's an in-depth look at the association's biggest expense: paying its employees (and certain board members). The bird's-eye view The total number of employees at NAR decreased between 2012 and 2014, even as total revenue increased by almost $20 million. Expenses also appear to be creeping up. There was...