Most local associations maintain fewer than two years of reserves and draw on late fees as the most common source of non-dues revenue, according to NAR’s inaugural Association Profile.
Source: Inman News
Majority of Realtor associations tap late fees to boost bottom line: NAR
Published in Agent, governance, late fees, MLS, MLS & Associations, NAR, nar leadership, national association of realtors, nepotism policy, non-dues revenue, Realtor associations, reserves, RPAC, Select, social media policy and whistleblower policy
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