How to save back-up funds, connect your budget with your strategic plan, and explore money-making strategies for your association in today's economy.
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In This Issue
How big is your reserve account? That’s a question you probably felt more comfortable answering before 2008, when membership took a dive, dragging revenue down with it. Now that we are all comfortable with the “new normal” of scarcity, what should a reserve profile look like?
An effective strategic plan drives all association decisions—from services to structure to budgets.
Is more money going out than is coming in? Are you looking to raise dues because of a budget deficit? Are staff working harder than they have to in order to meet their goals?
In November 2012, RAE asked REALTOR® associations about the state of their finances and their outlook for 2013.
This will be a great year for real estate. Most of us are fortunate to work in real estate markets that are experiencing some growth. And our members are happy about that. Soon we will log more transaction units and volume per REALTOR® than we have seen for a long time.
Many association volunteer leaders think your job as AE is easy, and maybe you’re even overpaid. Yet, even if your board members value you, it’s still a good strategy to prove your worth every day.
“The goal is to make every REALTOR® association across America a campaign headquarters for home ownership and private property rights.” Those words from Dale Stinton, CEO, of the NATIONAL ASSOCIATION OF REALTORS® may sound like a tall order, but the REALTOR® Party Initiative made significant progress in doing just that in its first year of operation.
Employee theft can occur in different ways but often involves employees who have access to the funds as well as the responsibility for monitoring them. The fraud usually starts small and grows over the years—ranging from monetary theft to misuse of company resources.
As associations today strive to be more detailed and forthcoming with their financial statements, and members and leadership take a closer look at association spending, often the tried-and-true, if not tedious, Excel spreadsheets can’t cut it alone.
Having led four major REALTOR® associations (Philadelphia, Albuquerque, Sacramento, Las Vegas) in four very distinct markets over the past two decades, Nelson Janes brings a unique perspective to association financial management.
The store shelves and display cases at the Greater Nashville Association of REALTORS® building are coming down, its full-time retail clerk reassigned to member services.
Every state and local REALTOR® association is invited to join NAR in celebrating the centennial of the Code of Ethics. NAR’s yearlong celebration kicked off at the REALTORS® Conference in November and includes communications and events throughout 2013. State and local associations can participate in, and mirror, NAR’s efforts on the local level in a number of ways.
A new program from NAR called REach will act as the bridge between companies with innovative technology ideas and members who want to take their businesses to the next level.
The NATIONAL ASSOCIATION OF REALTORS®’ board of directors approved $200,000 in issues mobilization funding to the Greater Boston Real Estate Board.
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.
REALTOR® University, the NATIONAL ASSOCIATION OF REALTORS®’ online education resource, now offers a Real Estate Association Management concentration as part of its Master’s in real estate degree program.
By now, all associations should have received NAR’s New Member Orientation Toolkit. Included this year on DVD is a new video titled “A Pathway to Professional Conduct: Respect Starts Here,” which highlights what it means to conduct business with the utmost respect.
RAE spoke with John Pierpoint, NAR’s chief financial officer, about financial strategies.
The San Marcos Area Board of REALTORS® in Texas launched two new ways to garner more community awareness for members.
Harriett Wagnon, Francie Ryder, Nunzio Del Greco.
In November, the Washington REALTORS® Association launched a comprehensive, multistage public relations campaign to promote REALTORS® throughout the state.
No AE should miss the AE Institute, the annual event that delivers real estate industry insights and provides a wide range of education designed to help AEs across the country better serve their members.
Pat Bybee, RCE, respected and influential MLS executive, was killed in a car crash on March 13 outside of Boulder, Colo. Bybee was president and CEO of Metrolist, the largest MLS in Colorado, for 27 years...
These 23 REALTOR® association executives earned their RCE (Realtor® association Certified Executive) designation after an extensive course of study and exam in November.