RESO has announced the implementation of new membership tiers that slash annual dues for smaller MLSs with the goal of making compliance less burdensome while wrapping certification into a membership benefit. Meanwhile, annual dues for larger MLSs have increased.
- The Real Estate Standards Organization (RESO) has created new membership tiers with revised annual dues and has rolled certification fees into the annual dues cost.
- Annual dues for MLSs with fewer than 500 members were slashed by 50 percent, dropping to $500 from $250. Moreover, MLSs with fewer than 100 members will experience a 90 percent discount, with annual dues dropping to $50.
- Meanwhile, larger MLSs will experience a hike in annual dues. For instance, MLSs with 5,000 to 9,999 members annual dues will increase by $2,500 to a total of $5,000.
- RESO Executive Director Jeremy Crawford says he expects the annual dues and certification changes to bolster membership so MLSs will have an easier time becoming RESO-compliant.