The Budget & Finance Committee met on July 13 & 14 to deliberate the proposed 2023 budget for Texas REALTORS®. The approved proposal will be sent to all Executive Board members for review in advance of the August 1 Executive Board meeting for your review. In addition to the "Where Do My Dues Go?" graphic (click to download,) Here are a few highlights:
The proposed 2023 budget is balanced with total revenue and expenses of $28,535,640, respectively. This reflects an increase of $2,333,785 (8.9%) from the 2022 budget.
The budget does not raise dues.
The 2023 REALTOR® membership count is estimated at 156,000 REALTORS®. This reflects an increase of about 2% over where we expect to end 2022.
The budget proposes the continuation of the current assessments for both the Issues Mobilization/Political Advocacy Fund (IMPAF) at $30 per REALTOR® member and the Legal Fund at $5 per REALTOR® member, pending approval by the Board of Directors.
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