Financial Information & Governing Docs

Governing Documents

Chicago Association of REALTORS® Bylaws

View our bylaws, ratified August 2025.

Bylaws

Chicago Association of REALTORS® Policy Manual

View our policy manual, updated as of December 2025.

Policy Manual

Audit Reports

The audited financial statements below are the consolidated financials of the five Chicago Association of REALTORS® entities. The five entities are:

  • The Chicago Association of REALTORS®
  • The Chicago Association of REALTORS® Multiple Listing Service (CARMLS)
  • The Northern Illinois Real Estate Information Network (NIREIN)
  • The Chicago Association of REALTORS® Educational Foundation (CAREF)
  • The Chicago Association of REALTORS® Political Action Committee (CARPAC)

Definitions of each entity are noted within the audited financial statement notes. These statements and the related notes are prepared by Chicago Association of REALTORS® management and then audited by an independent certified public accounting firm. The firm of Crowe LLP audited the financials for the years shown below. The audits were performed in accordance with generally accepted auditing standards (GAAS) which require certified public accountants to plan and perform the audit to obtain reasonable assurance that the financials are free of material misstatement. For each of the years, the auditor’s opinions was that the consolidated statements presented fairly, in all material respects, the financial position and the changes in net assets and cash flows, all in conformity with generally accepted accounting principles (GAAP).

You may also view our financial policies, including the whistleblower policy, section 525.

If you have any inquiries please e-mail CARFinances@chicagorealtor.com.

Below, for your review, are our tax returns for each entity for each year. Please note that beginning in 2020, the Chicago Association of REALTORS® Political Action Committee is no longer required to file federal tax returns.

Tax Returns

2023

2022

2021

2020

2019

Tax Exempt Status

Board of Directors

The purpose of the board of directors is the managing and governing body of the Association.

Meet the Board

Finance Committee

The purpose of the finance committee is to provide oversight of the financial management and financial reporting function.

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Audit Committee

The purpose of the audit committee is to oversee the integrity of the Association’s financial accounting process and systems of internal controls regarding finance, accounting and use of assets. The audit committee should take an active role in the prevention and deterrence of fraud, as well as an effective ethics and compliance program.

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