NAR Dues Increase VoteCreated by:
Date: April 25, 2011, Number of Replies: 35
As outlined in a letter to NAR's Board of Directors , NAR's Executive Committee recommended to the Board of Directors that the REALTOR® Party Political Survival Initiative be funded with a $40 dues increase. The Executive Committee considered two proposals from the Finance Committee, including a proposal to use Public Awareness Campaign funds to support the initiative. "We believe both programs are so vital to our survival that we are unwilling to choose one over the other," the Executive Committee said April 12 in a letter to the NAR Board of Directors.
"Dear NAR Board of Directors,
The NAR Executive Committee met earlier today to consider two proposals from the Finance Committee regarding funding for the REALTOR® Party Political Survival Initiative:
The Political Survival Initiative is estimated to cost $195mm over 5 years. It is proposed that NAR Dues be increased by $40/year to fund the program. The funds will be accounted for separately to demonstrate that these are dedicated resources and will not be used for other operational purposes.
Eliminate the Public Awareness Campaign $35 Assessment and increase dues $35. The funds will be accounted for separately to demonstrate that these are dedicated resources and will not be used for other operational purposes.
While both options will be presented to the Board of Directors (on May 14th), after careful consideration, the Leadership Team and Executive Committee endorsed option A. We believe both programs - the REALTOR® Party Political Survival Initiative and the Public Awareness Campaign - are so vital to our survival that we are unwilling to choose one over the other."
Assuming you were a NAR Director, how would you vote on the proposed dues increase?
Well, here's your chance to voice your opinion. Later this week, we will e-mail a notice to all RealTown members with directions how to cast their digital vote. Keep your eye out for that e-mail sent to your RealTown.com primary address as it will contain your individual pin number using our "One Person One Voice" secure voting system.
We'll announce the cut-off date for the vote (likely May 5th). We will announce the results here shortly before the actual Board of Directors May 14th meeting (at the NAR Midyear Meetings in D.C.)
If you would like to receive an auto-responder with highlights from the many postings on RealTalk on the NAR Dues Increase issue, send a blank e-mail addressed to NARDuesIncrease@RealTown.com
Review the issues so you make an informed decision when you cast your vote.