Membership sizes locally vary
Membership numbers are shrinking in some areas, for example, PressofAtlanticCity.com says of New Jersey’s Ocean City Board of Realtors, they “lost about a third of its members in the past four years. The board, once 800 strong, now has about 535 members, with another 19 out-of-state members.”
Ocean City is a small board to begin with, so losing hundreds of Realtors is a substantial change in circumstances.
Membership levels nationally
But how is it looking at the national level? According to the National Association of Realtors, at the end of March (the most recent data), there were 1,003,462 Realtors. Currently at the $80 dues rate, that’s a theoretical total of $80,276,960 in dues for the year.
At the current number of members, if NAR dues rise as proposed, that $80M would be an annual figure of $120,415,440.
But the pertinent question remains – is membership up or down nationally? From 2006, membership has dropped 10%. Uh oh, right?
March NAR stats compared between 2000 and 2011 reveals a 37% increase, so membership is up despite some outlets that are crying that membership is shrinking. It really isn’t.
What is it like in your area? Is membership up or down?