Welcome to the RealTown Real Estate Network!
Member Login | Join RealTown
The Real Estate Network
Page 1 of 3Previous Page | Next Page

Realtor benefits

Licensed Real Estate Broker

Tooele, UT

May 13, 2010

Seems odd that we pay dues like everyone else, and instead of getting a retirement, health benefits worth a damn, and life insurance that will pay our family if we get run over while showing homes, or have a heart attack in closing, we get nothing. 30 yrs I have been paying to the NAR, UAR, and local board, with nothing to show but receipts and a R-pin. My friend, on the other hand has been paying union dues his whole life, and has always had good medical, a life policy, and a nice retirement he is enjoying. Too late for me, but you guys folks might want to ask the powers to be " WHATS UP WITH THAT! "

Licensed Real Estate Agent

Independence, MO

May 13, 2010

I agree. Not that it is any help. <smile>

Licensed Real Estate Broker

St. Charles, MO

May 13, 2010

Mike and Mary,

NAR is NOT a union...and I hope it never will be. It is an association of self-employed professionals. Sure we need a way for self-employed people to get real affordable health insurance (I was without it for 9 years), but we all need to be putting aside for retirement (yeah, sure!) I do know that NAR has worked on getting us the same status as unions as it relates to health insurance, but I'm sure the unions have been fighting us.

I really don't think that you just have receipts and a pin.

How many times have you sold a home that was listed in the MLS? Without the REALTOR organizations at all levels, there wouldn't be an MLS.

Do you have to work with people being free to go talk to your listings and take them away from you? Thank NAR for writing a Code of Ethics before any states even had license law.

I could go on and on, but why don't some others contribute to how the REALTOR organizations have helped us all to make money!

Linda Grissette

Real Estate Educator

Howell, NJ

May 13, 2010

Thanks for responding Linda. Because in my 38 years as a REALTOR I've accumulated and still pay for ABR, WCR's'PMN, SRES, RSPS, GREEN, and other designations and certifications that do not have an annual fee, I can speak how much more competent I am as a result of that education. And it keeps on coming -- webinars, newsletters, social networking, etc. As an expert witness in real estate cases I am not guessing if my report or my testimony is correct. I know the laws, rules, regulations, proper practices, Code of Ethics, and on and on. I've always believed education is not a destination; it's a journey. Any money I invest in education or my certifications and designations is worth it. The NAR has invested in creating these courses to help us to be competent, to stand out in competition, to be recognized for the extra effort.

NAR is not appreciated, in my opinion, because they don't hammer their value every minute. We have to evaluate. And if we do, I know we will all see the value.

Information Technology

Menifee, CA

May 14, 2010

The REALTOR Benefits® Program is your member benefits program. NAR has partnered with industry leaders to provide you with value-added offers and significant savings on products and services you use on a daily basis.
The REALTOR® Benefits Program offers members practical solutions for their business and personal lives on the publications, products and services that they use every day. The program includes offerings from more than 25 companies recognized as leaders in their respective industries and more than 100 publications and products designed to educate real estate professionals and their clients on topics ranging from legal issues and risk management to business development and marketing. In addition, use of the REALTOR® Benefits(sm) Program results in revenue to NAR which helps keep NAR membership dues low.
Don't forget to bookmark this page and check back often so you don't miss special offers or new partner announcements! You can also download a copy of the latest REALTOR Benefits® Program Resource Guide.

Real Estate Educator

Jersey Shore, PA

May 14, 2010

Hi Mike,

I read your post, and the replies, with interest. Here's a unique perspective I can share. My Mom and Dad were both children of the Great Depression. During WWII, my dad learned a trade (plumbing & steamfitting), came home, became a journeyman welder and steam fitter and worked at that until he retired. My mom, who had been accepted to pharmacy school, but had no money to go, married my dad, and in 1961, looked around for a great business where no one could control how much she could earn. She entered real estate, becoming the first woman licensed in our county. Within 10 years, she was earning more per year than my dad, who fortunately did not have a weak self image and was just glad of her success. The Plumbers and Steamfitters Union had an apprentice program, and limited the number of men who could become fulfledged journeymen. My dad always had work; sometimes it was far away; and although he got union scale, which was great pay, there was a ceiling. My mom promptly began earning much more than would have been possible for any woman with only a high school education at the time. In return for her dues, she got opportunity, education, and a wonderful career. Yes, dad's job had benefits paid for (or negotiated for) by the union. Whatever benefits my mom had, she had to provide on her own. But my dad often reluctantly left town on a Sunday night to go to a place he didn't want to be, to do a job he really didn't want to do. This career isn't for everyone; but for me, it is the best. I would not do well with someone else controlling my destiny. Remember that equality is equality of opportunity, not outcome.

Licensed Real Estate Agent

Sarasota, FL

May 15, 2010

Wow, very well stated, Melanie!

Mike Payne


Realtor
Ask Realty
941-928-8145 (cell)
I help homeowners avoid foreclosure!

Licensed Real Estate Broker

Tooele, UT

May 15, 2010

Melanie,

Dont get me wrong, real estate is a wonderful way to make a good income and help folks realize their dreams.Been doing it for 30 yrs! My issue is we all pay dues to be in the biz, and yes, we do finally have a stop gap health insurance plan, but still no retirement, no life insurance, or other benefits your Father received for his dues. I applaud your Mom for her strong work ethic, and yes, we can make a very good living, as long as our spouse has a job with benefits, or they are insurable under a self insured plan. When your 21 and bulletproof these things dont matter, when your 60 and have to work full time for benefits and try to keep your real estate biz together, it can be challenging. Thanks for your thoughts and have a super year!

Real Estate Educator

Jersey Shore, PA

May 15, 2010

Mike,

I think you still don't get what I meant. If you want a job where someone else controls your hours, your income, and in return 'gives you' benefits, then maybe a union job is for you. Union dues are more than REALTOR(R) dues; and remember all those "free" benefits the union guys get come from somewhere....can you imagine trying to negotiate benefits on top of a commission...and would it be fair for the part time agent who sells one house a year, whether he needs to or not, to get the same benefits you describe? My point is the other side of that security is a ceiling. Good REALTORS(R) are entrepeneurs at heart. They get that they are in a small business all their own, and it's up to them to provide their own benefits--in return no one can tell them how to work, when to work, or how hard to work. I ran a brokerage at one time and offered to assist agents to take some of their gross pay and set it aside for health insurance, retirement, etc--no one wanted to.

Business/Management

San Diego, CA

May 15, 2010


>>

Seems odd that we pay dues like everyone else, and instead of getting a retirement, health benefits worth a damn, and life insurance that will pay our family if we get run over while showing homes, or have a heart attack in closing, we get nothing. 30 yrs I have been paying to the NAR, UAR, and local board, with nothing to show but receipts and a R-pin. My friend, on the other hand has been paying union dues his whole life, and has always had good medical, a life policy, and a nice retirement he is enjoying. Too late for me, but you guys folks might want to ask the powers to be " WHATS UP WITH THAT! "

<<

It doesn't seem odd to me, but more like an unrealistic expectation on your part Mike...no offense. How much does your friend pay in union dues for his/her benefits. BTW, NAR is not a union.

NAR dues are less than $100 per year. The benefits far exceed the expense in my estimation. Do you like being able to deduct your mortgage interest? How about your customers, do they benefit from this tax deduction? Without NAR the home interest tax deduction would have probably disappeared a few years back. Have you sold any homes in the last 6 months to first time home buyers? That tax benefit was lobbied hard by NAR.

I gladly pay my dues to NAR. Even if I was not part of the industry… as a homeowner, I would pay for the property rights NAR fights for everyday, and I think NAR should create a new category of membership, "Property Owner."

While I have not agreed with NAR on many issues over the years, I believe the benefits of membership far exceed the costs, and I gladly pay my dues each year…and I contribute to RPAC each year above and beyond my dues. I would recommend that every REALTOR increase their RPAC contribution $25 this year.

Saul

Saul Klein

CEO, Point2 Technologies

http://Point2.com

Reply to Discussion

Please log in to post a reply to this discussion.
Page 1 of 3Previous Page | Next Page