The deal still requires approval from shareholders and regulators
The changes include adding a new Expertise Profile requirement for 2027 committee applicants
The new board will be smaller and made up of people who aren’t licensed to transact real estate
The National Association of Realtors is in the middle of one of the biggest legal transitions in its history. The new general counsel discusses the massive changes happening behind the scenes
National Association of Realtors CEO Nykia Wright provides a candid look at the organizational turnaround she's led since becoming full-time CEO, including her newly approved strategic plan
The trade group had signaled plans to raise dues in 2025, but during a board of directors meeting Thursday at the Realtors Legislative Meetings voted 894-20 to leave them as-is for another year
Most local associations maintain fewer than 2 years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR's inaugural Association Profile
The trade group changed real estate listings nationwide, made buyer agent compensation more transparent, declared a divisive symbol discriminatory and turned the gender divide on its head
'If you don’t want me to text [during a board meeting], it needs to be interesting,' one Realtor said. 'I don’t mean you need to entertain me, but it needs to be worthwhile.'
The trade group is taking a hard look at the enormous machinery that determines how it makes decisions