S.M.A.R.T. Budget Initiative

We cannot afford – we have no right – to look back. We must look forward.

--Winston Churchill

With the same determination of Churchill, the 2018 NAR Leadership Team is not flinching from our responsibility to move the National Association of REALTORS® into the future. This past week at NAR's Budget Review meeting, we passed a budget with $35 million in new programming, which we are calling the S.M.A.R.T. Initiatives: Strategic Measures Advancing REALTORS® to Tomorrow. In an effort of complete transparency, we are excited to share all of the thinking that went into developing this budget, and why we believe the accompanying proposed dues increase is the best option to continue to serve NAR's 1.3 million members.

The budget includes dollars to:

  • Define measurable increases in professionalism
  • Increase influence in an uncertain legislative, regulatory and political environment
  • Take the management of real estate data to the next level
  • Ensure the role of the REALTOR® is essential to the consumer

When we took office last November in Chicago, each of us was clear-eyed about the tough decisions that lay ahead. After all, we didn't accept the mantle of leadership to kick the can down the road. The 2019 NAR budget is perhaps the most shining example of your NAR leadership team living up to our collective "Own It" moment.

The budget will be presented at the NAR Board of Directors meeting on May 19th. Over the next seven weeks, we look forward to discussing with every member, and state and local AE about why this budget and these S.M.A.R.T. Initiatives are essential to position REALTORS® for success in an era of change and disruption.

Officer Meeting Request

Request an NAR officer to attend or speak at your meeting or event by submitting a short Officer Meeting Request form here.

Elizabeth Mendenhall, President
John Smaby, President-Elect
Vince Malta, First Vice President
Tom Riley, Treasurer
Kenny Parcell, Vice President of Government Affairs
Colleen Badagliacco, Vice President of Association Affairs
Bill Brown, Immediate Past President
Bob Goldberg, Chief Executive Officer



Complete information on the S.M.A.R.T. Initiatives and 2019 NAR budget.

S.M.A.R.T. FAQs .pdf (93.5 KB)

Frequently asked questions on the S.M.A.R.T. Initiatives and 2019 NAR budget.

Planned communications and events between March 24 and May 19, 2018.

State and Local Associations can use this email template to communicate with members about S.M.A.R.T. Budget initiatives. 

S.M.A.R.T. Budget Information Brochure - 50 Copies

The S.M.A.R.T. Budget Information Brochure is being provided to Associations and members free of charge. Use at upcoming meetings to share information on NAR's S.M.A.R.T. Initiatives and 2019 budget.

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NAR Leadership Live - S.M.A.R.T. Budget Initiative

NAR President Elizabeth J. Mendenhall and other members of the NAR Leadership Team discuss the association's proposed 2019 S.M.A.R.T. Initiatives in this town hall-style Facebook Live event, broadcast on April 5, 2018, from Country Music Television Studios in Nashville, Tennessee.

S.M.A.R.T. Budget Communications Timeline

The following timeline includes events where the budget will be discussed in 2018. 

SMART Budget Communications Timeline - Infographic