Who will be responsible for policing the designated REALTOR® dues formula under board of choice?

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The associations to which the REALTOR® belongs. If a real estate firm maintains designated REALTORS® in more than one board, each designated REALTOR® shall be responsible (per the certification provision in the board’s bylaws) for providing the board(s) where they hold designated REALTOR® membership with a list of names of any non-member licensees affiliated with their office(s) and indicate in which board the licensee will be included for purposes of computing the designated REALTOR® dues. The following are examples of how the dues formula should be administered: 1. A broker (sole proprietor) has a single office located in board A’s jurisdiction but chooses board B as his primary board. Designated REALTOR® assessments for nonmember licensees in the office would be paid to board B since this is the only board where the broker (designated REALTOR®) holds membership. Note: This same principle would apply if the broker had multiple office locations in one or more board jurisdictions but chose only one board in which to hold membership. 2. Two brokers are partners in a real estate firm and have a single office located in board A’s jurisdiction. Broker one selects board A as his primary board and Broker two selects board B as her primary board. Each broker could be required (per the certification provision in the boards’ bylaws) to report the total number of nonmember licensees in the office (i.e., those licensees who haven’t joined either board A or board B) and indicate in which board the licensees will be included for purposes of computing the designated REALTOR® dues. All nonmember assessments could be paid to one board or they could be split between the two boards (e.g., four nonmember licensees reported in board A; six nonmember licensees reported in board B). 3. A real estate firm has its principal place of business in board A with branch offices in boards B and C. Each office has a different designated REALTOR® and each designated REALTOR® has selected the board where their office is located as their primary board. Each designated REALTOR® could be required to report the total number of nonmember licensees in his/her office to his/her primary board and indicate in which board (A, B or C) the nonmember licensee(s) will be included for purposes of computing the designated REALTOR® dues. Nonmember assessments could be remitted to any one of the Boards where the firm maintains a designated REALTOR® (A, B or C). In the final analysis, every nonmember licensee affiliated with a real estate firm will be accounted for in one of the boards where the firm maintains a designated REALTOR® presence. Many state associations have indicated plans to assume a leadership role in developing licensee tracking systems and many states already provide this service through lists obtained from state real estate regulatory agencies.

Source: TAR

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