please help. with this slowing in real estate market - my aunt's boyfriend cannot afford to be a member of NAR anymore and looks like will not renew - but is he OK to do a transaction on buying or selling houses still - he will retain his board membership but not NAR.
2007-06-21 12:04:17 · 3 answers · asked by earth angel 4 in Business & Finance ➔ Renting & Real Estate
NAR is an OPTIONAL trade group.
No membership is required.
As long as you have access to your local MLS, you've got everything you need.
The PUBLIC makes absolutely, positively no distinction between a REALTOR and a REAL ESTATE AGENT.
NEITHER DO I!
2007-06-21 14:07:55 · answer #1 · answered by kevc21 3 · 0⤊ 1⤋
He can be a licensed agent and not be a member of NAR, he cannot call himself a "Realtor".
I'm not sure he can maitain his local membership and not be a member of NAR or his state board and this could be clarified at the local level.
2007-06-21 13:11:20 · answer #2 · answered by Jimmy 5 · 0⤊ 0⤋
Usually your State and National dues come from your board. Here our board sends us our bills and they pay the State Association of Realtors and the National Association of Realtors out of that. So check with your board. Or does he specifically get a bill from NAR? I dont think it is possible to belong to a board and not NAR.
2007-06-21 13:11:06 · answer #3 · answered by RealtorV 3 · 0⤊ 0⤋