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New York

Realtors rejoice: NAR temporarily tables 2.5% raise on dues

Some in the group weren't happy about increase

Tom Riley
Tom Riley

The National Association of Realtors is holding off on increasing its annual dues by 2.5 percent — for now.

The organization’s executive committee decided to postpone the proposal, which would’ve inflated dues by 2020, Inman reported. NAR Treasurer Tom Riley indicated that the group will reconsider the plan in the next few months with “a little different verbiage.”

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The group is still considering increasing dues by $30 in 2019. Members currently pay $120 in dues, along with an extra $35 for NAR’s advertising campaign. That extra fee in approved through 2019.

NAR hasn’t raised dues since 2012, when members were asked to pay an additional $40. Of the proposed $30 increase, $17 would be dedicated to upping the group’s political activity spending and the remaining $13 would help pay for a transaction management platform, zipLogix.

Many realtors weren’t happy about the possible 2.5 percent increase. In an Inman poll, 80 percent of nearly 2,000 respondents said they were against the hike. [Inman] — Kathryn Brenzel