For large associations, weathering an economic downturn is about creative budgeting or layoffs; for small associations it’s about keeping the family together. I know my members personally and I can see how the slow market in my area is affecting them.
by Nan Roytberg
By Masha Zager
As REALTOR® associations watch their advertising revenues dwindle, many face a tough choice: support their magazines with membership dues or radically trim the publication schedule. Neither option is appealing. In today’s economy, most associations are looking to reduce dues-funded activities, not add to them. And no one wants to curtail publications, which are among the most useful and popular association benefits.
By Masha Zager
The economic downturn presents challenges that many REALTOR® association executives have never faced before: declining membership, budget shortfalls, and members who may need more help just when some associations are least able to provide it.
by Carolyn Schwaar
by Ralph Holmen
Surely your members understand their fiduciary duty to their clients, but do they understand that they also have a fiduciary duty to the association when they assume a leadership role? Furthermore, do they fully recognize that they have legal obligations in the way they carry out their responsibilities?
Here we provide an overview of fiduciary duties so association leaders and executives can ensure that they satisfy those obligations.
1. What kind of legal duties do elected association officers and directors have?