Because the housing market has ebbed more than it has flowed in the past few years—causing reservoirs of new members, reserves, and assets to evaporate—the most American of things has occurred within REALTOR® associations: We’ve been forced to innovate.
Associations facing another year of shrinking membership and revenue need new ways to make money to fund association programs, pay staff, and stay viable.
During the past few years several associations have offered dues rebates to assist members who are struggling financially.
I’ve received numerous calls lately regarding compensating employees for overtime and under what would be considered “extenuating circumstances,” such as power outages or natural disasters.
Winning passage of a state constitutional amendment would be a feather in the cap of any organization. But for Louisiana REALTORS® fighting to ban transfer taxes, last November’s victory was especially important. Louisiana now joins Arizona, Montana, and Missouri, as the only states having constitutional amendments prohibiting transfer taxes from being imposed on the sale of a property.
Across the country, AEs report seeing a shift away from member demands for solely business programs and events, and a shift toward more social functions. Why? AEs point to two reasons.