TO ALL DESIGNATED REALTOR® MEMBERS OF GBRAR:
DRs with LFROs must respond by 3/31/15
In the last year the National Association of REALTORS® passed amendments to its bylaws and mandated a change to the model bylaws of all local Associations of REALTORS concerning what is called “limited function referral organizations”.
In order to comply with the minimum Core Standards established for local associations by NAR, GBRAR must now track and report to NAR all LFROs and licensees therein.
If you have established a LRFO you must complete the enclosed form and return them to the GBRAR office no later than March 31, 2015.
CLICK HERE FOR COPIES OF CERTIFICATION FORMS
Additionally, Designated REALTORS® must now report to the association with in three days any changes made to LFRO and/or a licensee’s status or affiliation when he or she is associated with a LFRO.
If you do not operate a LFRO there is no need to respond to this email or to complete the documents.
Thank you for your cooperation with this. Please review the FAQ included it the above forms and/or NAR’s information about LFROs. If you have questions that aren’t answered there, please feel free to contact GBRAR.
