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This document explains the dues assessment process for Designated REALTORS® based on the number of real estate licensees in their firms and outlines the procedures used by the Phoenix Association

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How to fill out designated realtor dues formula

How to fill out Designated REALTOR® Dues Formula Explanation

01

Begin by identifying the total number of sales agents in your brokerage.

02

Determine the membership fees for each sales agent.

03

Calculate the total dues owed by multiplying the number of agents by the individual membership fee.

04

Include any additional costs such as local or state association fees.

05

Ensure all figures reflect the current fiscal year and adjust for any changes in membership or fees.

06

Review the completed formula for accuracy before submission.

Who needs Designated REALTOR® Dues Formula Explanation?

01

Real estate brokers or managers operating a brokerage with sales agents.

02

Individuals responsible for handling financial matters and membership dues within a real estate agency.

03

Members of local or state real estate associations that utilize the Designated REALTOR® Dues Formula.

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What is Designated REALTOR® Dues Formula Explanation?

The Designated REALTOR® Dues Formula is a calculation used to determine the dues owed by designated REALTORS® based on specific criteria set by the governing body.

Who is required to file Designated REALTOR® Dues Formula Explanation?

Designated REALTORS® who are members of a local, state, or national REALTOR® association are required to file the Designated REALTOR® Dues Formula Explanation.

How to fill out Designated REALTOR® Dues Formula Explanation?

To fill out the Designated REALTOR® Dues Formula Explanation, members need to provide details such as their membership ID, transaction data, and any applicable fees or adjustments per the guidelines provided by the association.

What is the purpose of Designated REALTOR® Dues Formula Explanation?

The purpose of the Designated REALTOR® Dues Formula Explanation is to ensure transparency and accuracy in the assessment of dues, enabling the organization to maintain financial health while supporting its members.

What information must be reported on Designated REALTOR® Dues Formula Explanation?

The information that must be reported includes member identification, transaction volumes, the number of active agents under the designated REALTOR®, and any previous dues paid or adjustments needed.

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