2024-10-30T08:35:18+00:00 2023-12-31 991856619 Grant Thornton Advisors LLC 171 N Clark St Ste 200 Chicago IL 60601 990 2023-01-01 364173556 Center for REALTOR Development Inc CENT 3123298200 430 N Michigan Chicago IL 60611 MARC GOULD SECRETARY/TREASURER 2024-10-30 true Bridget T Roche P01390592 3128560200 2024-10-30 2023 2024-10-15 13:58:12Z Marc Gould 430 N Michigan Chicago IL 60611 14896663 false X www.REBAC.net X 1997 IL To promote the common interest of its members by creating and presenting educational programs and encouraging high standards on the creation and awarding of designations, certifications and degrees in real estate. 3 0 26 100 0 0 0 8746558 8439173 -218507 797010 72004 43500 8600055 9279683 100000 100000 0 3421737 3308799 0 0 4294782 5654814 7816519 9063613 783536 216070 25910426 27241815 3428499 3375609 22481927 23866206 X The mission of the Center for REALTOR Development (CRD) is to promote the interest of members by creating and presenting educational programs; encouraging high standards through the creation/awarding of designations, certifications and degrees in real estate; and working with the NAR for the enactment of laws to advance interests of members. false false THE ACCREDITED BUYER'S REPRESENTATIVE (ABR) DESIGNATION PROGRAM PROVIDES MEMBERS WITH VALUABLE REAL ESTATE EDUCATION TO ELEVATE SKILLS AND KNOWLEDGE IN THE EYES OF HOMEBUYERS AND ONGOING SPECIALIZED INFORMATION, PROGRAMS AND UPDATES THAT HELP MEMBERS TO STAY ON TOP OF ISSUES AND TRENDS TO SUCCESSFULLY REPRESENT HOMEBUYERS. IN ADDITION, MEMBERS RECEIVE MARKETING TOOLS (INCLUDING THE HOMEBUYERS TOOLKIT) TO ENHANCE SERVICES TO CLIENTS AND ACCESS TO MEMBERS ONLY RESOURCES AND PUBLICATIONS. THE SENIOR REAL ESTATE SPECIALIST DESIGNATION PROGRAM PROVIDES MEMBERS WITH VALUABLE REAL ESTATE EDUCATION TO ELEVATE SKILLS AND KNOWLEDGE IN THE EYES OF OLDER-AMERICANS AND WITH ONGOING SPECIALIZED INFORMATION, PROGRAMS AND UPGRADES THAT HELP MEMBERS STAY ON TOP OF ISSUES AND TRENDS TO SUCCESSFULLY REPRESENT OLDER-AMERICANS. ALSO, SEVERAL OTHER EDUCATIONAL ELECTIVE OPTIONS ARE OFFERED AS A PART OF THE ACCREDITED BUYER'S REPRESENTATIVE DESIGNATION PROGRAM. THESE INCLUDE COURSES DESIGNED TO ENHANCE MEMBER TECHNICAL SKILLS, MANAGEMENT SKILLS AND REAL ESTATE SAVVY. THE SHORT SALES AND FORECLOSURES CERTIFICATION PROGRAM EDUCATES MEMBERS ON HOW TO HELP SELLERS MANEUVER THE COMPLEXITIES OF SHORT SALES AS WELL AS HELP BUYERS PURSUE SHORT SALE AND FORECLOSURE OPPORTUNITIES BY PROVIDING PROPER TOOLS AND TRAINING THAT MEMBERS CAN USE TO BUILD THEIR BUSINESS FOR THE LONG-TERM. The Pricing Strategy Advisor (PSA) certification program is specifically designed to enhance skills in pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values. In this course students will learn to select appropriate comparables and make accurate adjustments to them, for use in developing home price opinions. Real estate professionals of all experience levels will enhance their skills of guiding sellers and buyers through the details of Comparative Market Analysis and the underlying pricing principles that inform them and interact effectively with appraisers. INTRODUCTION OF THE MEMBERS EDGE LIVE EVENT. THIS ONE-DAY, HIGH-ENERGY CONFERENCE IS GEARED TOWARDS REALTORS WHO ARE EAGER TO LEARN HOW CUTTING-EDGE TECHNOLOGIES, THE LATEST INDUSTRY NEWS, AND NATIONAL ASSOCIATION OF REALTORS (NAR) RESOURCES CAN BENEFIT THEIR BUSINESS AND CLIENTS. Introduction of the REALTOR Broker's Summit and NAR's Broker's Edge live event. The REALTOR Broker Summit offers an incredible two days of learning, exclusive insights, and networking opportunities. Stay on the cutting edge by discovering new technologies and business strategies from industry leaders. NAR's Broker's Edge is a one day event focused on learning, exclusive insights and networking opportunities for brokers. 0 false false false true false false false false false true false false false false true true false false false true false false false false false false true false true false false false false false false false false false false false true false false true 25 0 true 26 true false false false false false false false false X 3 0 false false false false true true true true false false false true true true true true true false true false X Marc Gould 3123298200 430 N Michigan Chicago IL 60611 BOB GOLDBERG President (THRU 11/17/2023) 1.0 50.0 X X 0 3002748 56976 MARC GOULD SECRETARY/TREASURER 7.5 42.5 X X 0 706679 56976 NYKIA WRIGHT Interim President (BEG 11/20/2023) 1.0 50.0 X X 0 427613 56976 KENNY PARCELL BOARD MEMBER (THRU 8/28/2023) 1.0 30.0 X 0 220859 0 TRACY KASPER BOARD MEMBER (NAR President) 1.0 30.0 X 0 281494 0 JENNIFER RZESZEWSKI VICE PRESIDENT AND EXECUTIVE DIRECTOR 37.5 0 X 300780 0 54054 DAWN HEADTKE DIRECTOR OF BUSINESS AND INSTRUCTOR DEVELOPMENT 37.5 0 X 165673 0 40543 JENNIFER BILLINGS DIRECTOR OF MARKETING AND EVENTS 37.5 0 X 147588 0 38735 KAITLIN EDDY Director of Learning and Development 37.5 0 X 142117 0 38188 KEISHA KIDAN Manager, Learning and Digital Design 37.5 0 X 107943 0 34770 SUMAN PATIL Manager, Learning and Development Programs 37.5 0 X 114284 0 35404 VALERIE KENDRICK Director of Credentials and Operations 37.5 0 X 144623 0 38438 1123008 4639393 451060 9 false true false ERNST AND YOUNG 155 NORTH WACKER DRIVE SUITE 2000 CHICAGO IL 60606 CONSULTING 645000 ENVISION3 LLC 225 MADSEN DR BLOOMINGDALE IL 60108 PRINTING SERVICES 479677 YOURMEMBERSHIP 9620 EXECUTIVE CENTER DR 200 ST PETERSBURG FL 33702 INFORMATION TECHNOLOGY SERVICES 281927 HAMILTON EXHIBITS 1400 OPUS PLACE SUITE 805 DOWNERS GROVE IL 60515 EVENT MANAGEMENT 193708 COBALT 2550 SOUTH CLARK STREET SUITE 850 ARLINGTON VA 22202 TECHNOLOGY SERVICES 176661 9 0 MEMBERSHIP DUES 813410 3790862 3790862 EDUCATIONAL COURSES 611710 4523024 4523024 PUBLICATIONS AND SERVICE MATERIALS 611710 467 467 CONVENTIONS 561920 124820 124820 0 0 0 0 8439173 930416 930416 0 0 5474180 9394 5606432 10548 -132252 -1154 -133406 -133406 SPONSORSHIPS 532000 43500 43500 0 0 0 0 43500 9279683 8439173 0 840510 100000 561050 2056609 119490 392561 179089 131 29046 72355 822845 932278 750807 1435980 193042 158246 787838 246961 Course Development 225285 0 9063613 6759499 6564802 5403651 5755868 39850 41199 0 0 0 0 182250 208560 520274 504015 4739 16259 12495020 13875810 0 0 1025417 779317 0 0 25910426 27241815 1249468 1289223 2179031 2086386 0 0 0 0 3428499 3375609 X 22481927 23866206 22481927 23866206 25910426 27241815 X 216070 1242822 -74613 X false true X true false false true false 520274 504015 16259 16259 0 X 10376691 1242822 -74613 1168209 9208482 72355 -1154 71201 9279683 8992412 1154 1154 8991258 72355 0 72355 9063613 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote CRD follows guidance issued by the Financial Accounting Standards Board ("FASB") for accounting for uncertain tax positions and requires management to evaluate tax positions taken by CRD. Management has analyzed the tax positions taken by CRD and has concluded that as of and for the years ended December 31, 2023 and 2022, there are no uncertain tax positions taken or expected to be taken that would require disclosure in the financial statements. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CHANGE IN POST RETIREMENT OBLIGATION - -74613 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements LOSS ON SALE OF FIXED ASSETS - -1154 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 LOSS ON SALE OF FIXED ASSETS - 1154 North America (Canada & Mexico only) 0 0 Program Services,Courses were offered by providers in Canada and royalties were paid to CRD 20240 0 0 0 0 0 0 20240 0 20240 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual true National Association of Realtors 430 N Michigan Avenue Chicago IL 60611 361520690 501(c)6 50000 CORPORATE ALLY PROGRAM - ISSUES ADVOCACY CAMPAIGNS REALTORS RELIEF FOUNDATION 430 N Michigan Avenue Chicago IL 60611 344468109 501(C)3 50000 CHARITABLE CONTRIBUTION FOR DISASTER RELIEF 1 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The use of grants is monitored by reviewing documents which are required to be submitted by organizations receiving the funds to determine if monies are being use as intended. false false false MARC GOULD SECRETARY/TREASURER 0 475667 0 227400 0 3612 0 33000 0 23976 0 763655 0 0 BOB GOLDBERG President (THRU 11/17/2023) 0 2353681 0 642400 0 6667 0 33000 0 23976 0 3059724 0 0 NYKIA WRIGHT Interim President (BEG 11/20/2023) 0 427473 0 0 0 140 0 33000 0 23976 0 484589 0 0 TRACY KASPER BOARD MEMBER (NAR President) 0 0 0 0 0 281494 0 0 0 0 0 281494 0 0 KENNY PARCELL BOARD MEMBER (THRU 8/28/2023) 0 0 0 0 0 220859 0 0 0 0 0 220859 0 0 JENNIFER RZESZEWSKI VICE PRESIDENT AND EXECUTIVE DIRECTOR 231848 0 67000 0 1932 0 30078 0 23976 0 354834 0 0 0 DAWN HEADTKE DIRECTOR OF BUSINESS AND INSTRUCTOR DEVELOPMENT 153427 0 10900 0 1346 0 16567 0 23976 0 206216 0 0 0 VALERIE KENDRICK Director of Credentials and Operations 134738 0 9465 0 420 0 14462 0 23976 0 183061 0 0 0 KAITLIN EDDY Director of Learning and Development 128565 0 13390 0 162 0 14212 0 23976 0 180305 0 0 0 JENNIFER BILLINGS DIRECTOR OF MARKETING AND EVENTS 134056 0 13255 0 277 0 14759 0 23976 0 186323 0 0 0 Schedule J, Part I, Line 3 COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED BY NATIONAL ASSOCIATION OF REALTORS (NAR), A RELATED TAX-EXEMPT ORGANIZATION. NAR UTILIZES THE FOLLOWING METHODS TO DETERMINE THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEYS AND STUDIES - APPROVAL BY THE BOARD OF DIRECTORS Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) The Pricing Strategy Advisor (PSA) certification program is specifically designed to enhance skills in pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values. In this course students will learn to select appropriate comparables and make accurate adjustments to them, for use in developing home price opinions. Real estate professionals of all experience levels will enhance their skills of guiding sellers and buyers through the details of Comparative Market Analysis and the underlying pricing principles that inform them and interact effectively with appraisers. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) INTRODUCTION OF THE MEMBERS EDGE LIVE EVENT. THIS ONE-DAY, HIGH-ENERGY CONFERENCE IS GEARED TOWARDS REALTORS WHO ARE EAGER TO LEARN HOW CUTTING-EDGE TECHNOLOGIES, THE LATEST INDUSTRY NEWS, AND NATIONAL ASSOCIATION OF REALTORS (NAR) RESOURCES CAN BENEFIT THEIR BUSINESS AND CLIENTS. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) Introduction of the REALTOR Broker's Summit and NAR's Broker's Edge live event. The REALTOR Broker Summit offers an incredible two days of learning, exclusive insights, and networking opportunities. Stay on the cutting edge by discovering new technologies and business strategies from industry leaders. NAR's Broker's Edge is a one day event focused on learning, exclusive insights and networking opportunities for brokers. Form 990, Part VI, Line 6 Classes of members or stockholders The Center for REALTOR Development (CRD) is organized as a not-for-profit corporation in which the National Association of REALTORS (NAR), a related exempt organization, is the sole corporate member. As the corporation's sole corporate member, NAR holds all the voting rights with respect to the CRD. These rights include the right to elect Directors of the corporation and amend the Articles of Incorporation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Since NAR is CRD's sole corporate member, NAR is responsible for electing the directors of CRD. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders Since NAR is CRD's sole corporate member, NAR may amend CRD's articles of incorporation, and make decisions regarding its members or stockholders. Form 990, Part VI, Line 11b Review of form 990 by governing body The form 990 is reviewed in detail by the President and Executive Director before it is filed. In addition, the results will be presented at the next Board of Directors meeting. Form 990, Part VI, Line 12c Conflict of interest policy On an annual basis, the directors and officers of the organization receive a questionnaire designed to help identify any conflicting issues that may need to be addressed by the governing body. If any conflicts are noted, they are addressed by the Board in a timely manner. Also, if necessary, the NAR General Council is consulted about appropriate steps to take if a conflict is identified. Any person that has a conflict is not allowed to vote on transactions or decisions for which that individual may personally benefit. Form 990, Part VI, Line 15b Process to establish compensation of other employees ON AN ANNUAL BASIS, THE EXECUTIVE DIRECTOR AND KEY EMPLOYEE RECEIVE A PERFORMANCE EVALUATION WHICH IS USED TO DETERMINE ANY CHANGES IN PAY (INCLUDING BONUSES, COST OF LIVING AND MERIT INCREASES). THE EXECUTIVE DIRECTOR'S AND KEY EMPLOYEE'S COMPENSATION FOR THE 2023 TAX YEAR WAS REVIEWED AND APPROVED IN JANUARY 2023. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents and financial statements available to the public as appropriate on a case-by-case basis upon request. Conflict of interest policies are available upon request at any time. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN POST RETIREMENT OBLIGATION OTHER THAN NET PERIODIC COSTS - -74613; FORM 990, PART VI, LINE 15 PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED USING COMPARABILITY DATA, PERFORMANCE EVALUATIONS AND OTHER INFORMATION IS APPROVED BY THE NATIONAL ASSOCIATON OF REALTORS (NAR). THE DECISION REGARDING THE FINAL DETERMINATION OF THE COMPENSATION PACKAGE OF THE ORGANIZATION'S EXECUTIVE DIRECTOR IS DOCUMENTED IN THE EMPLOYEE'S HUMAN RESOURCES FILES. ON AN ANNUAL BASIS, THE EXECUTIVE DIRECTOR HAS A PERFORMANCE EVALUATION WHICH IS USED TO DETERMINE ANY CHANGES IN PAY (INCLUDING BONUSES, COST OF LIVING AND MERIT INCREASES). THE EXECUTIVE DIRECTOR'S COMPENSATION FOR THE 2023 TAX YEAR WAS REVIEWED AND APPROVED IN JANUARY, 2023. BOB GOLDBERG AND MARC GOULD ARE PAID BY NATIONAL ASSOCIATION OF REALTORS (NAR), A RELATED TAX-EXEMPT ORGANIZATION. NATIONAL ASSOCIATION OF REALTORS 430 N MICHIGAN CHICAGO IL 60611 361520690 MEMBER SERVICES IL 501(c)(6) NA false LEONARD P REAUME MEMORIAL FOUNDATION 430 N MICHIGAN CHICAGO IL 60611 393495865 EDUCATION IL 501(c)(3) PF NAR false NAR CONGRESSIONAL FUND 430 N MICHIGAN CHICAGO IL 60611 273388377 POLITICAL ACTIVITY IL 527 NAR false REALTOR UNIVERSITY 430 N MICHIGAN CHICAGO IL 60611 452102449 EDUCATION IL 501(c)(3) 2 NAR false NAR FUND 430 N MICHIGAN CHICAGO IL 60611 261725187 POLITICAL ACTIVITY IL 527 NAR false REALTORS RELIEF FOUNDATION 430 N MICHIGAN CHICAGO IL 60611 364468109 HOUSING RELATED ASSISTANCE IL 501(c)(3) 7 NAR false AMERICAN PROPERTY OWNERS ALLIANCE 500 NEW JERSEY AVE NW WASHINGTON DC 20001 363956297 ADVANCING AND PROMOTING ISSUES OF CONCERN TO PROPERTY OWNERS THROUGHOUT AMERICA DC 501(c)(4) NAR false REALTORS POLITICAL ACTION COMMITTEE 430 N MICHIGAN CHICAGO IL 60611 362795122 POLITICAL ACTIVITY IL 527 NAR false REALTOR FUND FOR GLOBAL ASSISTANCE 430 N Michigan Avenue Chicago IL 60611 923618684 HOUSING RELATED DISASTERS IL 501(c)(3) 7 NAR false SENTRILOCK INTERNATIONAL LLC 7701 SERVICE CENTER DRIVE WESTCHESTER OH 45069 371842307 LOCKBOX SALES AND SUPPORT OH NA N/A REACH CANADA VENTURES 2020 LIMITED PARTNERSHIP 10756 HARE RD LAKE COUNTRY LAKE COUNTRY CA V4V2H6 INVESTMENT MANAGEMENT IL NA N/A REALTORS INFO NETWORK INC 430 N MICHIGAN CHICAGO IL 60611 363981966 REAL ESTATE INFO IL NA C Corporation NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES CORPORATION AND SUBSID IARIES 430 N MICHIGAN CHICAGO IL 60611 203467306 REAL ESTATE SERVICES IL NA C Corporation KEYNETICS LTD FKA CAS ONE HOLDINGS LIMITED UNIT 67 MALVERN HILLS SCIENCE PARK GERALDINE ROAD MALVERN UK WR143SZ LOCKBOX SALES UK NA C Corporation SENTRILOCK LLC 7701 SERVICE CENTER DRIVE WEST CHESTER OH 45069 200070121 Lockbox sales and support OH NA C Corporation REALTOR PROPERTY RESOURCE LLC 430 N MICHIGAN AVE CHICAGO IL 60611 271162299 PROPERTY DATABASE IL NA C Corporation SECOND CENTURY VENTURES LLC 430 N MICHIGAN AVE CHICAGO IL 60611 262041343 INVESTMENT MANAGEMENT IL NA C Corporation REACH ASEA PTY LTD (FDRE) 430 N MICHIGAN AVE CHICAGO IL 60611 981559396 INVESTMENT MANAGEMENT IL NA C Corporation REACH ASEA HOLDINGS PTY LTD (FDRE) 430 N MICHIGAN AVE CHICAGO IL 60611 981559649 INVESTMENT MANAGEMENT IL NA C Corporation REACH CANADA ACCELERATOR LTD (CFC) 10756 HARE RD LAKE COUNTRY BC CA V4V2H6 INVESTMENT MANAGEMENT CA NA C Corporation REACH UK ACCELERATOR LTD (CFC) 81 GRANTULLY ROAD LONDON UK UK W91LJ INVESTMENT MANAGEMENT UK NA C Corporation REACH CANADA 2020 VENTURES LTD (CFC) 10756 HARE RD LAKE COUNTRY BC CA V4V2H6 INVESTMENT MANAGEMENT CA NA C Corporation false true false false false false false false false false true false true false true true false true true