WHAT IS THE DUES STRUCTURE FOR CIBOR?
Dues for the Designated Realtor member of CIBOR would be calculated on the same “size” formula basis that dues for a Designated Realtor of a residential Board are calculated (i.e. a base amount as determined by CIBOR plus an amount as determined by the Board times the number of individuals licensed with the Realtor who do not hold membership in the Board). In cases where the Designated Realtor holds membership in both a residential and commercial Board, licensees affiliated with the Realtor’s firm would be eligible to hold membership in one or both Boards. With respect to licensees who elect not to join either Board, the Designated Realtor would declare which licensees are residential and which are commercial and the dues formula would be applied by the appropriate Board. Dues for Affiliate Members are owed by the individuals themselves with no requirement for company-wide membership in CIBOR.
