In a Nutshell
- The DR dues formula computes dues based on the size of a REALTORS® firm, i.e., the number of individuals licensed with the DR, to ensure dues are proportional to the benefits and services received by a firm for the DR’s REALTOR® membership.
- The Limited Function Referral Office policy is a limited exception to the Designated REALTOR dues formula.
- Local, State, and National dues are collected by local associations.
Nuts & Bolts
NAR requires every firm to designate in writing one principal REALTOR® member who shall be responsible for all duties and obligations of membership including payment of association dues. Under NAR policy, a “principal” includes sole proprietors, partners in partnerships, officers and majority shareholders in corporations, and office and branch managers acting on behalf of a principal(s). NAR policy also requires that all principals in a firm hold membership if any one principal does. This policy recognizes that all of the leaders of the firm must be committed to the Code of Ethics, to professionalism, and the objectives of the REALTOR® organization generally, and acknowledges their responsibility and accountability to how their firm is operated.