You’re all aware that you have REALTOR® association dues every year along with quarterly (or semi-annual) fees for MLS access, but there are some important items you need to be aware of regarding your fees. Plus, a friendly reminder that your fees are due this month (some associations charge MLS fees at the same time and some are at later dates). You should already have received an email from your local association with the due date and can use the table below for reference.
|Austin Board of REALTORS® (MLS fees due twice a year)||December 15th|
|Four Rivers / Central TX MLS (MLS fees due twice a year)||December 17th|
|Houston Association of REALTORS® (HAR)||December 1st|
|MetroTex Association of REALTORS®||December 31st|
|San Antonio Board of REALTORS® (SABOR)||December 1st|
To be sponsored by our brokerage (including temporary sponsorship for agents doing the LLC plan), you must belong to one of the local REALTOR associations that we’re members of which is currently ABOR, Four Rivers, HAR, MetroTex, and SABOR. The annual REALTOR fees that you pay them make you members of the Texas Association of Realtors (TAR) as well as the National Association of Realtors (NAR). Your membership also provides you with benefits through each organization. Click here to see what TAR provides and here for NAR. Additionally, each local association may provide additional resources/tools that you can find on their respective website and/or after logging in to your account. Highly suggest that you take advantage of as many benefits as possible.
In addition to the REALTOR dues, your local association also charges you for MLS access. Some charge MLS fees quarterly and others will charge semi-annually.
Keep in mind, you are responsible for your association fees (Realtor dues & MLS fees). If not paid by the due date, they’ll typically charge a late fee at the very least. If not paid within a certain amount of time after due, they’ll deactivate your account and usually charge a reactivation fee. If your account is deactivated/terminated or if you don’t join soon after we sponsor you, some associations will impose a penalty fee on the broker for you being a non-member. We will NOT pay this fee and if you decide not to activate your account by paying your fees, our only option is to terminate your sponsorship. We don’t want to lose you as an agent but the association doesn’t allow any exception to this rule so we have no choice.
The same rules apply for you as an agent when you’re doing the LLC sponsorship plan. The only difference is that you belong to the office in the association & MLS that we setup for your LLC. Having your own office account with the association is what allows listings and contracts to be in your LLC’s name instead of Elite Agents. All of the agents that you sponsor will show up under your office account and if any of them fail to pay their fees, the association may impose a fee against your office account.
Some associations may charge an additional amount for your office account just to have MLS access. For example, HAR imposes a MLS quarterly fee for your office. It will have Kari King’s name on the invoice since she’s the broker but this is required by them for your office and you (LLC owner) are responsible for the fee. If it’s not paid, they will close the office account. We bring this to your attention because it may appear to be an invoice personally for Kari – it is not.