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Reminder for Brokers

Reminder for Brokers

posted: 10/28/2019

Save yourself some money and hassle; remember that as a Designated REALTOR® and MLS Participant that adding a new agent to your roster comes with responsibilities to CMR.

When you add a licensee to your firm, regardless of the month of the year, and that individual does not become a member of the REALTOR® organization, you are responsible for a non-prorated non-member assessment and MLS fees on behalf of that individual from the date the individual became licensed with you. Even if the individual does not use the MLS, as a Participant, you are responsible for MLS fees for all individuals licensed with your firm.

Many CMR Brokers have an office policy requiring REALTOR® membership of all licensees eliminating the need for the broker to pay a non-member assessment. It is a broker’s choice; however, a broker can require REALTOR® membership of all licensees or anticipate the non-prorated bill for the non-member assessment on behalf of any non-members licensed with the firm. The non-member assessment is associated with how NAR calculates the personal dues of Designated REALTORS® (Brokers) – the calculation requires a broker to pay his/her annual dues plus the non-member assessment for each licensee who is not a REALTOR®. This dues formula for Brokers has been in place in the early 1970s.