These figures were released during the NAR’s recent board of directors meeting in San Diego, part of the association’s six-day annual conference.
According to the report, other key figures about NAR’s operations were announced during the four-hour meeting, including:
• Annually, NAR members pay $150 in dues “for operating and advocacy” ($83 to operate and $67 to advocate). This figure is only for the NAR; it does not include dues paid to state and local Realtor associations or Multiple Listings Services, most of which are owned by local NAR chapters.
• Including non-dues revenue, NAR reported $259 million in gross revenue and $120 million in “total net revenue.”
• The association forecasts to have $160 million in operating reserves by the end of 2021, a steep increase from $50 million at 2020’s end.
• NAR projects to have $91 million in advocacy reserves by the end of the year.
• NAR had spent $31 million in 2021 on a consumer advertising campaign.
• NAR’s balance sheet includes $71 million in cash and $307 million in marketable securities.
The NAR leads the country in the amount it spends on lobbying, the RealTrends report said. This year, members have voluntarily paid over an additional $39 million to the Realtors Political Action Committee.