NAR could put together a committe to determine whether or not there's a conspiracy to shut NAR down. Even if no client-broker relationships have been established with NAR. Only fees for dues and products have been paid. The real estate brokerages of the United States can shut the National Association of Realtors down by terminating their relationship with NAR which includes the local, state and national realtor board. Affiliate realtors will have to seek affiliation with NAR brokerages upon being notified of the termination of their current principal brokers status with NAR, resign or retire their license, or terminate their relationship with NAR and remain with their current broker unless some waivers or other devices are used to effectuate a transfer of the affiliate realtors status with a brokerage. If the principal broker has terminated his or her brokerage relation, and has become unaffiliated, with NAR, and any agent that wished to remain with the firm has terminated his or her membership with NAR, if the former realtor affilliate wishes to recover a prorated refund of any membership dues or fees paid to NAR, the principal broker should reimburse any agent that remains with that unaffiliated brokerage a prorated refund of membership dues or fees paid to any realtor organization for which membership dues or fees had been paid in full at the time of the realtor affiliates termination of his or her membership with NAR. In the movie "Love Story" Jenny tells Oliver that "Love means never having to say your sorry" Terminating your relationship with NAR doesn't mean that you have to give up your license. It might be interpreted that NAR's standards aren't good enough for you. Is that one reason why hundreds of thousands have resigned from NAR ? Legal Disclaimer The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide. By entering this web site, you understand the following: © All Rights Reserved. Department of Justice Legal Policies Click "HERE" For Today's Question The Saturday Nite 9pm-12am Central University of Memphis WUMR Support Mr.Saks' participation in ActiveRain ended April 13, 2015. His blog archives will remain online. May God bless you.
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18 comments • David Saks • February 19 2012 12:51PM