
We would like to take this opportunity to welcome you to the Peoria Area Association
of REALTORS®. Below you will find an overview of fees for membership. Please refer
to the link entitled "What Do I Submit to PAAR?" for exact fee information.
| Fee |
Amount |
| REALTOR® Initial Fee |
$625.00 |
| Peoria Area Association of REALTORS® |
$150.00 |
| Illinois Association of REALTORS® (IAR) Dues |
$99.00 (annually) |
| Illinois Association of REALTORS® Advocacy Initiative Assessment |
$50.00 |
| National Association of REALTORS® (NAR) Dues |
$80.00 (annually) |
| National Association of REALTORS® Assessment |
$30.00 |
| PAAR Public Awareness Assessment |
$15.00 |
| PAAR Residential MLS Fee |
$159.00 per license per quarter |
| Commercial MLS Service Fee |
$159.00 per license per quarter |
| SafeMLS Token Fee |
$40.00 initially |
| SafeMLS Token Fee |
$5.25 quarterly |
| Voluntary RPAC Contribution |
$56.00 |
| Display Key lease price |
$33.00 per quarter |
| Display Key Use Tax |
$6.57 |
| Display Key Activation Fee |
$25.00 |
| Keybox Lease Fee |
$1.00 each per month |
The Application for REALTOR® Membership outlines the terms and conditions of membership.
Please include a copy of your real estate license or 45 Day Permit Sponsor Card.
The New Member Initial Fee is a NON-REFUNDABLE one-time fee as long as your dues remain current.
The (PAAR, IAR, NAR) Association Dues are prorated monthly for the current year and are invoiced
in September for the upcoming year. Once the general membership has been invoiced for their
association dues, new members would pay the prorated amount for the current year and the entire
year that was invoiced to the general membership.
The NAR Public Awareness Assessment is an assessment mandated by the National Association of
REALTORS® and assessed to all members to fund a nationwide public awareness campaign that includes
TV network and cable ads highlighting the value a Realtor® brings to a transaction and stresses the
importance of using a Realtor®.
The IAR Illinois Realtor® Advocacy Initiative is an assessment mandated by the Illinois Association
of Realtors® assessed to all members to fund the Advocacy Initiative to provide IAR the resources to give
our members and our Governmental Affairs Directors (GAD's) the advocacy tools they need to succeed, and
enhance our ability to take our message to the people, policy makers and the media.
MLS Fees are prorated and calculated based on the date you join. Depending on when you
apply, quarterly fees for two quarters could be assessed. If you wish to access both the
Residential and Commercial MLS information, the fees are $159.00 per license per quarter for
the 1st service plus $75 per quarter for the 2nd service. Note: There is a required listing
input fee of $25 for agents to input a listing into the second service. (This fee will only be
charged if the agent chooses not to join the second service or co-list the property with an agent
of the second service.)
The SafeMLS Security System (MLS Token) is a security initiative designed to provide optimum
protection for valuable MLS and consumer data. PAAR's reliance on usernames and passwords as the sole
form of user authentication is no longer an option. Members share their login information with technology
vendors, friends and family and even the consumer. SafeMLS tokens provide the necessary security to protect
the MLS data and the consumers personal financial information, while still offering the flexibility and
convenience for the truly mobile MLS members.
The RPAC - Realtors® Political Action Committee collects contributions from members and uses those
funds to help elect candidates for public office who are supportive of home ownership, private property rights
and the real estate industry. Contributions to RPAC are not deductible for federal income tax purposes. Contributions
to RPAC are voluntary, and you may refuse to contribute without affecting your membership rights.
Association Rules & Regulations require attendance at Indoctrination Classes offered by the
Association, within 30 days of joining and must be completed in 2 consecutive sessions. When you submit your application and fees you will be automatically
scheduled to attend the next scheduled session of Indoctrination Class. Failure to complete this
course work within the timetable outlined in the Rules & Regulations will jeopardize your membership
status and may result in termination of services.
The Electronic Display Key device is used to gain entry to the electronic keybox
which contains the entry key to access a property for sale. Lease fees for the key are paid
quarterly and are not prorated. The use tax and activation fee are only paid initially. A training
class is also required and is offered during Indoctrination. Training Classes are also offered most
Thursdays at 2:00 p.m.
The Electronic Keybox is used to house the entry key for a listed property. Lease fees
are $1.00 per month per box and are prorated monthly. Boxes are leased on a 6 month basis.
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