REALTOR® Membership & MLS Dues FAQ's | Chicago Association of REALTORS®

Q: Did the 2016/2017 REALTOR® dues and MLS fees increase?

A: Yes, the Illinois REALTORS® has increased by $5. Additionally, Chicago has increased our local portion by $10. The overall percentage increase over 2016/2017 is only 1.54%.

Q: Will I be able to pay my dues in full?

A: Yes. Additionally, by paying in full you will be able to save $40 over those members opting to stretch their payments out over 6 months.

Q: How are the payments structured for this billing?

A: You will be given the opportunity to pick the structure that works best for you! You can opt to pay in full by Monday, October 2nd, or you may opt to stretch your total invoice into 4 equal payments over 6 months, with the first invoice being due on October 2nd. The invoice posting dates and due dates are outlined below.

Q: How will I pick my payment structure?

A: You will be invoiced in the same manner that you paid your 2016/2017 dues. If you paid in full, that is how you will be invoiced. If you made installment payments, that is how you will be invoiced. You will have the opportunity to change your plan up until August 25th.

Q: What if I don’t choose a payment option?

A: If you do not choose a payment option, you will then be opted into the plan which you chose for the 2016/2017 billing.

Q: How will I be invoiced?

A: Electronically via your Member Account on ChicagoREALTOR.com. Those members opting for a paper invoice will receive it via US Postal Service. Should you wish to receive a paper invoice, e-mail at membership@chicagorealtor.com or visit www.ChicagoREALTOR.com and log on to My Account to change your Billing Preference. Do note however that there is a $5 fee for those members opting to receive paper invoices.

Q: If I decide to pay in full, when will the invoice be posted on “My Account” at ChicagoREALTOR.com?

A. The invoice will be posted to your account no later than August 31; invoice due upon receipt. Once you have paid your balance in full, you will owe nothing until we bill for the next fiscal year. Should payment in full not be made prior to October 2nd with this pay in full option, your membership, including MLS service will be suspended immediately until payment is made. Additionally, you will be assessed a $30 late fee.

Q: If I choose the 4 payment option, when will the invoices be due?

A: Invoices will be due on the following days:

  • October 2nd
  • November 10th
  • January 19th
  • February 28th

Failure to pay any of the above-referenced invoices by the due date outlined will result in immediate suspension of membership, including MLS services, along with a $30 late fee.

Q:  If my credit card is on file for the fees to automatically come out, when will the money be deducted from my account?

  • If you have opted to pay in full, the full amount will be deducted on September 26th
  • If you have opted for the installment plan, the following are the deduction dates:
    • September 25th
    • November 6th
    • January 12th
    • February 23rd
  • Should you wish to remove your credit card from our auto-pay, please send an email to membership@chicagorealtor.com. Please include your name and ID number.

Q:  What dues and fees are included in these invoices?

A:  Each invoice is broken down to reflect four equal payments which cover your CAR, IR, NAR Dues and MRED MLS Fees for the entire year (October 1, 2017 – September 30, 2018). Note however that your invoices will include a recommended investment to RPAC, CAR Foundation and IL RPA. There are no payments due during the December holidays.

Q: Can I make my payments online?

A: Yes, through ChicagoREALTOR.com, “My Account”.

You can also:

  1. Pay by phone by contacting our Member Care Department at 312.803.4900
  2. Mail in your payment
  3. Drop it off in person at our Central or West Towns office (this office opened Tuesdays and Thursdays only)
  4. Fax it in with your credit card information at 312.803.4905

Q: If I make a credit card payment by phone and it is declined by phone, will I still be assessed a $35 NSF fee?

A: No. If you attempt to pay by phone or via the Internet and your card is declined, there will not be a service charge. The only time that you will be assessed this charge is if your credit card on-file is declined.

Q: Will my managing broker be notified if I miss a payment?

A: Yes. Your managing broker will be notified every time your account is late and/or has been suspended.

Q: Do I have to pay dues to NAR and IR?

A: Yes. To belong to a local association such as CAR, a REALTOR® must also join Illinois REALTORS® and the National Associations of REALTORS as well. Local associations collect the dues for State and National.

Q: Why should I contribute to RPAC?

A: RPAC assures that your issues and concerns remain at the forefront of public policy makers and governments who can shape how you do business. RPAC covers Federal and State elections with a portion shared with the local Association. Learn more about RPAC & its importance to your business.

Q: Are RPAC Investments tax deductible?

A: Contributions to RPAC are not deductible for federal income tax purposes. Contributions are voluntary and are used for political purposes. The amounts indicated are merely guidelines and you may contribute more or less than the suggested amounts. The National Association of REALTORS® and its state and local associations will not favor or disadvantage any member because of the amount contributed or decision not to contribute. You may refuse to contribute without reprisal. Up to thirty percent (30%) of each contribution may be sent to National RPAC to support federal candidates and is charged against your limits under 2 U.S.C. 441a. A copy of RPAC’s report filed with the State Board of Elections is (or will be) available on the Board’s official website www.elections.il.gov or for purchase from the State Board of Elections, Springfield, Illinois.”

 

Q: Why should I contribute to Chicago Association of REALTORS® Foundation?

A: The Chicago Association of REALTORS® Foundation provides scholarships to REALTORS® for designations, post-licensing classes, and higher education. Since the inception of the scholarship program in 2007, approximately $330,000 has been awarded to over 200 individuals. These awards were for pre and post-license scholarships, designations, and higher education. In 2014 the Foundation became a charitable arm of the association. Since that creation, the Foundation has donated over $189,000 to 25 deserving individuals and organizations.

Q: Is my contribution to Chicago Association of REALTORS® Foundation tax deductible?

A:Chicago Association of REALTORS® Foundation provides scholarships to REALTORS® for designations, post-licensing classes, and higher education. The C.A.R. Foundation is a 501(c)3 charitable organization and so contributions may be tax deductible depending upon your tax situation. We recommend you contact your tax advisor to determine if a contribution will be deductible in your individual situation..

Q: Do I have to pay the recommended amount for the voluntary contributions to RPAC, the Foundation & IRPA?

A: You can decide what amount you would like to contribute; however, we believe the suggested minimum amounts support the work of CAR on your behalf.

We are recommending that managing brokers and designated appraisers contribute $50 for RPAC, $20 for Chicago Association of REALTORS Foundation and $5 for Illinois RPA – Real Property Alliance.

We are recommending that brokers, leasing agents and appraiser members contribute $35 for RPAC, $20 for Chicago Association of REALTORS Foundation and $5 for Illinois RPA – Real Property Alliance.

Q: Are dues and fees ever refundable?

A: Refunds will be granted only in accordance with the C.A.R. Refund Policy. If you are hesitant about remaining active for the 2017/2018 year, please contact a Member Care Specialist for more information regarding our refund policy prior to making your payment, as it is possible that you may not qualify for a refund.

Q: Will I be charged a fee if I pay by check and it is returned for insufficient funds?

A: Yes. You will be assessed a $35 fee anytime a check is returned for insufficient funds. This fee, along with the original amount of the check, will need to be paid. Additionally, if your account becomes suspended for non-payment, an additional $30 late fee will need to be paid in order to have your services reactivated.

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