Overview
What is Minnesota Association Of Realtors?
The Minnesota Association of Realtors, with its headquarters at 11100 Bren Road West, Minnetonka, Minnesota, serves as a vital resource for its 22,000 members. This nonprofit organization's mission is to support various segments of membership by providing programs, services, and products. It ensures its members can serve the public with high professionalism while protecting their rights to conduct business without excessive regulatory constraints. The Minnesota Association of Realtors offers essential services to its members, including conducting peer reviews of complaints against Realtors, providing standardized real estate transaction forms, offering a free legal hotline for brokers, and delivering continuing education. The association aims to maintain consistency and professionalism in real estate transactions, ensuring that its members can serve their clients effectively.
Official website here: www.mnrealtor.com
Is Minnesota Association Of Realtors legitimate?
Minnesota Association Of Realtors is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Association Of Realtors submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $308,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,710,415
For more financial information, click here
Official website here: www.mnrealtor.com
What is the mission statement of Minnesota Association Of Realtors?
The Minnesota Association of Realtors serves as a primary resource for its members, providing them with real estate information and professional services. Its mission is to support various segments of membership by developing and delivering programs, services, and products. This is done to assist members in serving the public with a high degree of professionalism. The association also aims to protect its members' rights to conduct business without excessive regulatory constraints. Furthermore, it promotes the preservation of private rights to real property. The Minnesota Association of Realtors offers a range of services to its members, including peer reviews of complaints against realtors, providing real estate transaction forms, offering a free legal service for brokers, and providing continuing education to its members.
Official website here: www.mnrealtor.com
Who is the CEO of Minnesota Association Of Realtors?
Thom Fox is the Director of Minnesota Association Of Realtors. The CEO's salary of Minnesota Association Of Realtors is $237,116 and their total compensation is $295,478.
Official website here: www.mnrealtor.com
What is the revenue of Minnesota Association Of Realtors?
Minnesota Association Of Realtors's revenue in 2022 was $5,330,547.
Official website here: www.mnrealtor.com
Who are the executives of Minnesota Association Of Realtors and what are their salaries?
The average compensation at Minnesota Association Of Realtors during 2022 was $91,767. There are 22 employees and 70 volunteers at Minnesota Association Of Realtors.
Here are 76 key members and their salaries (Minnesota Association Of Realtors's CEO's salary is $237,116 and their total compensation is $295,478):
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- Compensation: $237,116
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- Compensation: $139,541
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Official website here: www.mnrealtor.com
Where can I find the form 990 for Minnesota Association Of Realtors?
Minnesota Association Of Realtors's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnrealtor.com
Learn more at the official website: www.mnrealtor.com
Mission Statement of Minnesota Association Of Realtors
The Minnesota Association of Realtors, as a first resource for real estate information and professional services, is committed to supporting all segments of its membership. Their mission is to develop and deliver programs, services, and products that help its members serve the public with a high degree of professionalism. By doing so, they aim to protect the rights of members to conduct business without undue regulatory constraint and promote the preservation of private rights to real property. Essentially, the Minnesota Association of Realtors seeks to empower its members to conduct real estate transactions with integrity and expertise, while safeguarding their professional freedoms and upholding property ownership rights.
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Impact
October, 2024
The Minnesota Association of Realtors plays a crucial role in enhancing the professionalism and efficacy of the real estate sector in Minnesota. With a membership of 22,000 as of the end of 2022, the organization serves as a vital resource for real estate professionals, providing essential support and services.
One of its key impacts is the establishment of a system for handling complaints through peer reviews, which helps maintain high ethical standards within the industry. Additionally, the association offers standardized real estate transaction forms that ensure consistency across various deals, promoting transparency and reliability in the market.
The organization also provides invaluable legal resources, such as a hotline for brokers to consult with attorneys, helping them navigate complex transactions and reducing the risks associated with legal issues. Furthermore, it emphasizes continuous professional development by offering educational programs to its members, fostering a culture of lifelong learning.
By doing so, the Minnesota Association of Realtors supports its members in delivering exceptional service to the public while safeguarding their rights to operate with minimal regulatory constraints. Their commitment to professionalism and community improvement significantly contributes to the real estate landscape in Minnesota, ultimately benefiting both industry professionals and consumers alike.
This information is meant to be a general summary of Minnesota Association Of Realtors. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $76,963
- Program Service Revenue: $4,777,232
- Gross Receipts: $6,445,725
Assets and Liabilities:
- Total Assets: $10,680,321
- Total Liabilities: $3,100,755
- Net Assets: $7,579,566
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$4,517,837
STATE CONVENTION INCOM
Revenue
$140,162
MEETINGS
Revenue
$63,800
EDUCATION/SERVICES
Revenue
$50,578
LEGISLATIVE
Revenue
$4,855
Organization Details
Founding Year
1947
Phone
(952) 912-2667Principal Officer
Thom Fox
Main Address
11100 BREN ROAD WEST, MINNETONKA, MN, 55343
Website
www.mnrealtor.comNTEE Category
Code: S47 - Community improvement
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