Association News Briefs, Member Benefits

Pictured: Maryland REALTORS® staff and leadership participate in a Habitat for Humanity Team Build Day in Annapolis.

Highlights of New Local Association Charity Work, Advocacy, and Member Services.

  • Now the nation’s third-largest local REALTOR® association, the newly formed 34,000-member Broward, Palm Beaches & St. Lucie REALTORS® unveiled a new logo and a new website, www.Rworld.com, in January.
  • Kentucky REALTORS® launched a grant program to fund initiatives that drive economic growth, make quality of life improvements, and support homeownership in the state. During 2020, the association will make $60,000 in grant funding available to qualified programs and projects across Kentucky.
  • The Nebraska REALTORS® Association awarded grants totaling more than $27,000 to 109 first-time home buyers through its Home Buyer’s Assistance Foundation. Grants are available to first-time home buyers who use a REALTOR®, purchase a home for $170,000 or less, take a home buyer education course, and turn in their application within six months of closing.

New Cyber Liability Insurance for Members

The value of REALTOR® association membership just got higher with the addition of NAR REALTOR Benefits® Program partner CyberPolicy. Malware, hacks, and data loss remain very real threats in the real estate industry where high value transactions and sensitive customer information are a prime target for hackers.

Finding a policy to meet the needs of real estate professionals is a challenge, which is why NAR partnered with CyberPolicy to ­create a customized and comprehensive cyber liability insurance program for REALTOR®–owned brokerages. Members can compare, quote, and buy cyber liability insurance from first-class carriers and receive premium discounts, higher coverage limits, and no retroactive date. Plans aim to help brokers quickly restore operations after a cyberattack or fraud occurs.

Unlike what members may already have in one of their existing errors and omissions or general liability cyber policies, these specialized plans meet the unique needs of real estate professionals. Through this program, members also have third-party funds transfer coverage (in addition to first-party). This is a unique benefit that covers clients. For example, when a fraudulent email (instruc­tions for wire transfer, etc.) is sent to clients, and it results in their financial loss, that loss is also covered. 

Promote this valuable member benefit now with more information and materials available at the REALTOR Benefits® Program for AEs: Content Library

Advertisement

About REALTOR® AE Magazine

All state and local REALTOR® association executives, association communication directors, regional MLS executives, and Government Affairs Directors receive RAE at no cost. Issues are mailed to the address found in NAR’s NRDS system. To update your REALTOR® AE Magazine subscription preferences, update your mailing address in NRDS.

Update your address