Winter 2013: Managing Your Association's Money in Today's Economy

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

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.

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.

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.

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.

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.

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.

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