Where will your agent be February 1st, if you don’t know, you better ask!

By
Real Estate Broker/Owner with Respect Realty LLC 200311024

photo courtesy of wilhei66On December 31, 2008, every agent's Realtor dues were due to their local and national associations. They are giving a 30 day grace period to get those paid, but on February 1st, 2009, if your agent hasn't paid those dues, did you realize that he may not be licensed to do business on your behalf?

Times are tough for a lot of agents out there and February 1st is coming up quickly. Ask your agent if their dues have been paid and if they say "NO" ask them who is taking their work until they get that paid or if they are planning to leave the business.

I know it is a tough question to ask, but if you don't know the answer, than you might be left with a house to buy or sell without representation.

 

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Rainer
70,555
real estate real estate
Providence, RI

Todd, I already paid. But I think it is not required to be a realtor in order to work, right? I think being a realtor just enables one to be able to access mls and other bunch of useless services.

Jan 11, 2009 03:05 PM #1
Rainmaker
1,077,267
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Todd - I love your Short Sales email link! What a great idea! In FL I am sure we will see many agents dropping out also this month, as we are in the same grace period.

Jan 11, 2009 03:16 PM #2
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2,596,580
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Todd- We are getting a lot of agents dropping out here in South Florida.

But one point, I don't know about Oregon but in the state of Washington and Georgia, I know for sure, you don't have to be a member of NAR to be a real estate agent.

I coach a few top producing agents who are not members of NAR or their state and local boards. They have never been asked not have their clients even cared about that.

The way the NAR has been behaving lately, I think other agents will be dropping out as a matter of choice.

I remember when one agent called me to coach her, she was afraid I was going to say she had to be member for me to coach her. But with her volume of business, I told her don't fix what ain't broke! She was the top producer in her office which was owned by a very successful broker too who was not a member and no one in his office was either.

Jan 11, 2009 03:42 PM #3
Rainer
139,537
Harold "Hal" Place
A1 Connection Realty, Inc. - Sun City Center, FL

Morning Todd,

Are your dues paid? LOL  I know of  few Agents that aren't members and enjoy a thriving business.

It is my understanding, however, if a the Broker is an NRA member all of the Broker's Agents must be also. Unless the Agent's affiliation is limited to the referral division of the Brokerage.

Jan 11, 2009 10:37 PM #4
Rainmaker
316,051
James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes
Real Living | At Home - Washington, DC
When Looking to Buy or Sell - Make the Right Move

Not only that; but its that time where E&O insurance is becoming due.  We may see a whole lot of folks dropping out.

Jan 11, 2009 11:36 PM #5
Anonymous
A. Books

You can be licensed in the State of Oregon and not belong to NAR/OAR and PMAR.  Most companies require membership so most licensees in Oregon are Realtors (NAR members).  Misinformation.

Jan 12, 2009 02:57 AM #6
Ambassador
2,070,205
Respect Realty LLC
Respect Realty LLC - Milwaukie, OR
Brokers - Oregon / SW Washington Real Estate

Huiting - True, but most companies and local associations require you to be a licensed Realtor in order to be with the company or maybe even the MLS. So, if you are counting on your agent selling with their particular company it maybe require to pay those dues. This doesn't apply to independents that don't go with the MLS or the local associations.

Sharon - It is sad to see them leave the business, but if they aren't telling their buyers and sellers than this is going to be a very sad situation for those who aren't prepared.

Katerina - I agree that you don't have to be a member, but many companies require it and if they aren't a member their companies may not allow them to sell. To be honest I think our company is thinking of leaving NAR also as they are spending our money in all the wrong places.

Hal - YES MY DUES ARE PAID! That was more my point that most offices require it and I guess I wasn't clear in my post.

James - I didn't even think about E&O, but you are correct, that is also due.

A. Books - Not misinformation, just information, so many agents belong to larger companies that require it and if they don't pay it they aren't allowed to sell. It is just information that buyers and sellers need to know that if their agent works for one of these companies than they need to be aware that they may not have an agent on the 1st of February.

Jan 12, 2009 03:17 AM #7
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