NAR Reserves Policy Gains New Flexibility

To enable NAR’s Reserves Investment Subcommittee to manage NAR’s portfolios with greater discretion and responsiveness in today’s challenging financial markets, the NAR board of directors revised its policy.

The new policy provides guidance on best practices in investing reserve assets, details the responsibilities of an investment committee or governing body, includes glossaries on asset classes, and provides tips on how to work with outside investment advisors.

The policy also outlines NAR’s approach to prudent maintenance of asset reserve levels, including its 40 percent core reserve requirement.

For a copy of the policy or to discuss components of it, contact John Pierpoint, NAR’s chief financial officer, at 312-329-8260 or jpierpoint@realtors.org. For more on association reserves and investments, see page 12.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.

Advertisement

About AExperience

All state and local REALTOR® association executives, association communication directors, regional MLS executives, and Government Affairs Directors receive AExperience at no cost. Issues are mailed to the address found in NAR’s M1 system. To update your AExperience subscription preferences, update your mailing address in M1.

Update your address