As a valued member of a real estate board or association, understanding the structure of board dues is crucial. These dues are mandatory fees that you, as a real estate professional, pay to your respective real estate board or association. They are typically collected on an annual basis and provide you with membership benefits, including access to the MLS, advocacy, educational resources, and networking opportunities. The dues help to support the board’s operations, fund member services, and contribute to the ongoing development of the real estate industry at large. It’s important to note that board dues are separate from any fees paid directly to the MLS, and they may vary depending on the board or association you belong to.
At Realty Empire, we guide our agents through the process of understanding and managing their board dues. The dues are often prorated based on when you join the board during the fiscal year, and payment schedules may be flexible, with options for annual or installment payments. Failure to pay these dues on time can result in a lapse of membership, which may affect your access to the MLS and other critical services. It’s essential to keep track of payment deadlines and any notices from the board regarding dues to avoid any disruption in your membership status. We ensure our agents are well-informed about the costs associated with maintaining their board memberships and the value these associations bring to their professional growth and success in the real estate market.
