2020 Virginia REALTORS®, NAR and DAAR Dues Renewal Information
All REALTORS® members will receive an invoice for the National Association of REALTORS, Virginia REALTORS® and DAAR dues for 2020 in mid-July as follows which are due on November 1st:
|Virginia REALTORS®||$ 170*|
|Voluntary RPAC||$ 40**|
|Virginia REALTORS®||$ 170|
|Voluntary RPAC||$ 99**|
Please note that the Virginia REALTORS® approved an increase in dues for all REALTOR® members for 2020 and 3% each year thereafter to provide for the following:
Virginia REALTORS® Dues Increase – $155 to $170*
- Additional resources to serve the membership and profession such as the legal hotline (value = $300/hour), Inman Subscription (value = $199/year) and technology hotline (value = $50/per call) for all members.
- Programs to bolster broker support, business tools for members and economic advocacy.
- Local association support and NAR involvement.
- For more information, click here.
*The Virginia REALTORS® dues increased an additional $15 in 2020 and 3% each year thereafter.
Please note that DAAR will not increase dues for 2020. Dues will remain at $355 for 2020. Click here for an overview of REALTOR benefits!
Please note the following disclosures:
NAR: Dues of $150 per member, NAR computes 38% or $57.00 to be nondeductible for the member’s income tax purposes due to NAR lobbying efforts. Please note that the entire $35 Consumer Advertising Campaign special assessment qualifies as fully deductible. In addition, contributions (including member dues) to NAR are not tax deductible as charitable contributions. However, they may be tax deductible under other provisions of the Internal Revenue Code. For more information, click here.
Virginia REALTORS: Dues of $170 per member, Virginia REALTORS® computes 9.7% or $16.49 to be nondeductible for the member’s income taxes due to Virginia REALTORS® lobbying efforts, and political activities. Membership dues are not deductible as charitable contributions, but may be deductible as ordinary and necessary business expenses subject to restrictions imposed as a result of association lobbying activities. Note that the entire $170 new member fee qualifies as a deductible expense. For more information, click here (login required)
DAAR: Dues of $355 per member, DAAR computes 4.18% or $14.83 to be nondeductible for the member’s income tax purposes due to DAAR lobbying efforts. In addition, contributions (including member dues) to DAAR are not tax deductible as charitable contributions. However, they may be tax deductible under other provisions of the Internal Revenue Code.
*Payments received after November 1st shall include a late fee of $50. Membership in DAAR shall be suspended for any members whose payments are not received by January 1st, 2020.
**Contributions to Virginia REALTORS® RPAC are voluntary and are used for political purposes; they are not deductible for federal or state income tax purposes. Members may contribute more or less than the suggested amount and may refuse to contribute without reprisal. The National Association of REALTORS® or any of its state associations or local boards will not favor or disfavor any member because of the amount contributed. NAR has established state Federal RPAC Disbursement Allocations based on anticipated National RPAC needs. Thirty percent of all Major Investor contributions are sent to NAR to be applied to the Federal RPAC Disbursement Allocation and are charged against the limits under 52 U.S.C. 30116 with the remaining seventy percent maintained for state and local usage. Decisions regarding Virginia REALTORS® RPAC contributions to meet the Federal RPAC Disbursement Allocation will be made throughout the fundraising year.
Questions? Contact Christine Windle, CEO, DAAR, 571-291-9803 or email@example.com