Special Report from the May 9, 2024 Board of Directors Meeting


At its May 9 meeting, the National Association of REALTORS® Board of Directors voted to keep NAR dues at $156 per member for 2025.

In a report from NAR Treasurer Greg Hrabcak, directors learned that as of April 30, “membership is tracking favorably to plan and increasing each month.” (See “Keeping Tabs on NAR’s Membership.”)

In addition, Hrabcak reported, the association has received an unqualified opinion from its auditor, Grant Thornton, on combined financial statements, including NAR, its subsidiaries, and its affiliated institutes, societies and councils.

Professional Standards

Directors approved three recommendations from the Professional Standards Committee, an amendment to Article 4 of the Code of Ethics and new Standards of Practice 4-1 and 4-2—designed to ensure the Code provides further clarity on conflicts of interest and protects buyers, sellers, lessors and lessees. The amendments will take effect on Jan. 1, 2025, if they are approved by the NAR Delegate Body in November.

2025 Leadership

Via consent decree, directors elected the 2025 Regional Vice Presidents and the following 2025 Leadership Team members:

  • Kevin Brown, Oakland, Calif., President-elect
  • Christine Hansen, Fort Lauderdale, Fla., First Vice President
  • Craig Sanford, Phoenix, Treasurer (2025-26)

NAR President Kevin Sears remains President in 2025. His 2025 vice president appointees are Jennifer Branchini, Pleasanton, Calif., Vice President of Association Affairs, and Sara Lipnitz, Birmingham, Mich., Vice President of Advocacy. At the meeting, the 2025 Liaisons were announced, along with the REALTOR® Party Director.

Distinguished Service Award

Joe Hanauer, chair of the Distinguished Service Award Council, announced the 2024 Distinguished Service Award honorees, Jim Imhoff, chair emeritus of First Weber Inc., Madison, Wis., and Colleen Badagliacco, a broker-associate with Legacy Real Estate and Associates, Morgan Hill, Calif.

Reports

The tri-chairs of the Culture Transformation Commission (Christina Pappas, Michelle Mills Clement and Gayle Bobo) reported on the progress of the commission in recommending organizational changes that will ensure NAR can maintain a welcoming and positive work environment while focusing on its mission. Mills Clement said that among real estate associations, “We’re the largest in the world. We want to be the model for not only the real estate industry but also the association world.”

Members and association staff with input on culture issues can email culture@nar.realtor.

Brenda Small of Washington, D.C., 2024 NAR REALTOR® Party Director, reported on REALTORS® Political Action Committee fundraising. And Michael McGrew of Lawrence, Kan., president of the REALTORS® Relief Foundation, reported on the work of the foundation. McGrew asked directors to dig deep to help fund the foundation, which provides housing-related assistance to disaster-impacted communities. McGrew’s fundraising goal during the meeting was $15,000. By the end of the meeting, directors had contributed $32,995.

REALTORS® meeting in Washington, D.C., this week marked a new era. As a result of changes adopted by the Board of Directors in 2021, the NAR Executive Committee now has authority to approve committee recommendations and policy positions. For example, earlier in the week, the Executive Committee approved the establishment of a Member Accountability Committee, as well as a Federal Technology Policy Committee motion about the use of artificial intelligence in real estate. In some circumstances, committee recommendations and policy positions will continue to go to the NAR Board of Directors.

Today’s Board of Directors meeting capped off the REALTORS® Legislative Meetings, May 4–9, which drew 8,000 REALTORS® and guests to Washington, D.C.



Source link

About The Author

Scroll to Top