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IS NAR PRICING REALTORS OUT OF BUSINESS?

IS NAR PRICING REALTORS OUT OF BUSINESS?

At a time when REALTORS all across the nation are feeling the pinch...NAR has put on a whopping increase in our yearly dues.  I just wonder how many of my fellow REALTORS wllhve to call it quits because they just do nt have the funds to cover this?

I am curious to know how others feel about the increase.  I paid mine, but I was taken abck by theincrease, and then thesuggested amount to contribute to the PAC.

What's your opinion on this issue?

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C. Lloyd McKenzie, MBA

Associate Broker

Berkshire Hathaway HomeServices

New Mexico Properties/Allstar, REALTORS

6739 Academy Rd. NE SU 200

Albuquerque, New Mexico 87109

(505)888-1700  Office

Phone: (505)750-8552
Email: Info@LloydMcKenzie.com

Areas Served: Albuquerque Metro/ Algodones/ Bernalillo/ Cedar Crest/ Corrales/ Edgewood/ Los Lunas/ Los Ranchos de Albuquerque/ Placitas/ Rio Rancho/ Sandia Park/ Tijeras

Comment balloon 7 commentsC. Lloyd McKenzie • October 25 2011 12:31AM

Comments

My opinion is more of a business in general one so I hope I am not out of bounds here. When you shrink the pool of "payors" or licensee's there is only one way for the cost to go and that is higher. The problem is with big business and government you either never or rarely see any thought or concern for moderation cutting expenses etc. So when you have fewer people paying for the overhead instead of reducing overhead to try to keep costs in line you simply raise the costs as many feel they don't have a choice and its a matter of must not of choice. It is a poor model and one that usually opens the door of opportunity for someone who "built a better mousetrap" to come along and gain market share that otherwise would not have had a chance.

I hope this is what happens for you all and a new competitor arrives on the scene that gives better perks and lower fees and my guess is they will see a large influx of "payors"

Peace

Posted by David Shamansky, Creative, Aggressive & 560 FICO - OK, Colorado Mtg (US Mortgages - David Shamansky) about 6 years ago

It seems like everyone is raising prices and fees, but look what happened to Netflix when they raised prices. Costumers were not happy and their stock has gone from $300 in July to less than $100 today.  I have purchased paint from two stores for years and they raised prices to outrageous levels given the recession.  I will not be using them any more.  I think to raise prices today is to do it at your own peril.  The problem with NAR is that we have no real choice.  I don't think that their actions alone will put Realtors out of business, but it is definitely a added burden to an already heavy load.

Posted by Ray Henson, Realtor (Hybrid Brokers Realty) about 6 years ago

I think it's just a sign of the times.  As a lender, they're hitting us with NMLS fees of about $300 per year plus continuing education course EVERY YEAR and the normal DRE fees.  It reminds me of the ice cream containers that keep getting smaller and smaller while the prices still go up.  It would be nice if we got something for our money for a change.

Posted by Doug Bullwinkel, NMLS #281609 (Academy Mortgage Group) about 6 years ago

Good Morning C Lloyd, in my opinion, yes!  The local board here will loose a number of current members do to the dues increase from NAR.  NAR's explanation for the increase is they need more money for 'political action', it does not make sense. 

It will be after the 1st of the year before we find out how much damage has been done.

Posted by Dan Edward Phillips, Realtor and Broker/Owner (Dan Edward Phillips) about 6 years ago

Just like when cities and localities institute utility CONSERVATION efforts and people CONSERVE so that RATES INCREASE because of their OVERHEAD does not DECREASE * NAR needs to OUTSOURCE hall of their services and DOWNSIZE

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) about 6 years ago

Just to play devil's advocate...I get the conceptual picture here but, is the amount of the increase enough to put someone that is doing this business as a business and profession an amount that would put them out of the business? Not in my opinion. Those that decide to get out from this probably need to make a career change.

Posted by Ken Brandon, Camp Lejeune, Jacksonville, NC (Coldwell Banker Sea Coast Advantage (Jacksonville, NC)) about 6 years ago

I think it will make a difference for those that are struggling right now. Our state has also raised the license fees quite a bit. This change goes into effect Nov. 1st. The base rate for a license fee in Colorado will now be just more than doubled. This increase is due to the annual drop in licensees. I think when you start adding up all the increase...MLS, NAR and other local fees, than you see a bigger impact. All the increases together will make a difference to some in my rural area.

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) about 6 years ago

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