The National Association of REALTORS® published its 2023 Association Profile, which reveals insights about the network of state and local Realtor associations across the country.
One of the most notable findings from the study is how small the typical Realtor association is. NAR found that 74% have fewer than 2,000 members. Another 22% share resources with another Realtor association.
When it comes to staff, the typical association employs three full-time staff members and one part-time staff member. A majority of associations offer some degree of benefits to their staff, with 89% offering paid vacation but only 58% offering health insurance.
Most associations have some rules and guidelines in place for members. Ninety-five percent of associations have a conflict-of-interest policy, while 81% have a whistle-blower policy.
Other than member dues, the most common sources of association revenue are late-fee penalties and continuing-education courses, of which the typical association offers 12. Nearly one-third of associations have their own real estate schools.
Nearly 40% of associations keep financial reserves for a one- to two-year timeline, while 33% keep reserves for six months to less than a year. Additionally, nearly three-quarters of associations owned their buildings before the Covid-19 pandemic and still own them today.
Finally, nearly three-quarters of all Realtor associations fully own their local MLS, with 12% being shareholders of their local MLS.
via NAR
via NAR
via NAR
via NAR
via NAR