Realtor Associations Gave Practically 21% Extra To Charity In 2021

An NAR report highlights donations and volunteer hours to group nonprofits and Realtor associations. In 2021, Realtor associations donated a median of $12,070 to group nonprofits.

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In 2021, Realtor associations donated a median of $12,070 to group nonprofits.

That’s up 20.7 p.c from a median of $10,000 in 2020 and up 141.4 p.c from $5,000 in 2018, in accordance with the Nationwide Affiliation of Realtors’ just lately launched Neighborhood Support and Actual Property (CARE) Report. NAR has greater than 1.5 million members and 1,090 native Realtor associations.

“Realtors are deeply concerned of their communities and this report shines a light-weight on the nice volunteer efforts by NAR members,” mentioned NAR President Leslie Rouda Smith in a press release.

“It’s inspiring to see Realtor associations throughout the nation proceed to spice up native charitable efforts, and I’m proud to be a part of such a compassionate and caring group.”

The report is predicated on June 2022 survey solutions from 7,075 respondents who’re a mixture of normal members at giant of NAR, broker-owners, affiliation executives (AEs) and a number of itemizing service (MLS) workers. The survey requested about donations to group nonprofits; faculties; native, state, or nationwide associations; and different nonprofits, in accordance with NAR. The survey requested about monetary donations made final yr, particularly, however different questions, resembling these associated to volunteering had been requested usually.

The respondents weren’t consultant of NAR’s total membership by way of expertise, skewing towards veterans. Among the many respondents total, 53 p.c had 16 or extra years of actual property expertise. Common members at giant had a median of 11 years of expertise, broker-owners had a median of 24 years and affiliation and MLS workers had a median of 16 years. Just below two-thirds of respondents, 63 p.c, had been normal members at giant, 33 p.c had been broker-owners and 5 p.c had been AEs or MLS workers.

Practically half, 49 p.c, of respondents mentioned they volunteer the identical quantity as earlier than the pandemic, whereas 12 p.c mentioned they volunteer extra. A 3rd, 33 p.c, mentioned they volunteer much less and seven p.c weren’t certain.

The survey discovered that two-thirds of NAR members (66 p.c) volunteer month-to-month and, in the event that they do, they spend a mean of eight hours volunteering monthly. These figures haven’t modified since 2018, in accordance with NAR. Of those that volunteer, 73 p.c mentioned they volunteer of their communities, whereas 19 p.c mentioned they volunteer for his or her associations. Members total spend a mean of 4 hours volunteering.

Supply: NAR CARE Report 2022

The identical share of affiliation executives or MLS workers volunteer month-to-month: 66 p.c, down barely from 68 p.c in 2020.

The share of those that volunteer month-to-month rises to 77 p.c amongst broker-owners, although this can be a slight lower from 79 p.c in 2020. Of these broker-owners who volunteer, 77 p.c volunteer of their communities, whereas 35 p.c volunteer for a Realtor affiliation.

About two-thirds (67 p.c) of normal members at giant reported that their agency encourages its staff to volunteer, almost flat from 68 p.c in 2020. The overwhelming majority of Realtor members at giant, 83 p.c, mentioned it was an vital a part of their enterprise plans to be concerned of their communities, a slight dip from 85 p.c in 2020.

The share of Realtors at giant who donated to charity declined a bit final yr: from 82 p.c in 2020 to 79 p.c in 2021. Of those that donated, 83 p.c donated to nonprofits whereas 31 p.c donated to a Realtor affiliation. The everyday quantity they donated yearly was $800 in 2021, up from $700 in 2020.

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Supply: NAR CARE Report 2022

Ninety p.c of broker-owners donated in 2021 in comparison with 92 p.c in 2020. Dealer-owners as an entire donated a median of $2,300 yearly in comparison with $1,800 in 2020. Of those that donated, 89 p.c donated to group nonprofits whereas 50 p.c donated to a Realtor affiliation.

Amongst AEs and MLS workers, 87 p.c made private donations in 2021. Ninety p.c reported that their affiliation held a fundraiser final yr for his or her group, almost flat from 91 p.c in 2020. A barely smaller share, 85 p.c, mentioned they held occasions that encourage their members to volunteer.

Survey respondents had been probably to have volunteered with meals supply for the aged or meals banks to assist with COVID-19 reduction efforts, in accordance with the report.

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Supply: NAR CARE Report 2022

Electronic mail Andrea V. Brambila.

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