Dues & Fees Breakdown
As a REALTOR® you are not only a member of MIBOR, at the local level, but you are also a member of the Indiana Association of REALTORS® (IAR) and the National Association of REALTORS® (NAR). As a member of all three organizations it is important for you to understand the benefits each has to offer.
REALTOR® Membership Dues ($719 Annually)
- Annual membership dues are billed in June and due July 1.
MIBOR Technology Fees
Technology fees can be paid annually or semi-annually. By paying annually, you will save $35. The schedule for billing is as follows:
- Annual ($456):
- Billed February, due in April
- Semi-Annual ($245.50):
- Billed February, due in March;
- Billed August, due in September
How to Pay Your Bill
Dues and fees can be paid securely online using any credit card via Pay Your Bill on your MIBOR BLC® Dashboard. You may also pay in person using a check, money order, or credit card.
**All dues and fees are subject to change.**
|Annual REALTOR® Member Dues:||$719|
|Annual Affiliate Dues:||$215|
|Tech Fees Annual:||$456|
|Tech Fees Semi-Annual:||$245.50|
Frequently Asked Questions
Why does MIBOR bill in the middle of the year?
In 1992, the MIBOR Board of Directors voted to move the annual billing to accommodate the cash flow needs of MIBOR members.
What is the $35 ad fee?
The NAR ad fee is for the marketing of your REALTOR® brand.
Why do I pay MIBOR, IAR, and NAR?
Your membership with MIBOR automatically extends your membership to the state association (IAR) and the national association (NAR). As your local association, MIBOR collects for all three associations for your convenience.
When is my payment due?
Annual membership dues are billed in June and due July 1
What if I am late on my payment?
If your payment is not received by July 1, services will be suspended, including access to the MIBOR Broker Listing Cooperative (BLC®) listing service. Offices who hold the unpaid member's license will also have their access to the MIBOR BLC® Listing Service suspended until a payment is received or notification to MIBOR that they are no longer holding the unpaid member's license.
Must I invest in RPAC?
Investment in RPAC is voluntary. The suggested voluntary contribution may be excluded from payment. CLICK HERE to better understand the importance of investing in RPAC.
Are my dues refundable?
MIBOR dues are not refundable. If you leave the business, IAR and NAR dues are eligible for a refund. Refund requests for IAR and NAR dues must be received by December 31. Contact email@example.com with questions!
MIBOR DUes Prorations
For REALTOR® members:
|Joining in:||Dues Owed:||Plus $400 Entry Fee||Pays through|
|January||$579.00||+ $400||June 2021|
|February||$522.00||+ $400||June 2021|
|March||$465.00||+ $400||June 2021|
|April||$408.00||+ $400||June 2021|
|May||$1,070.00||+ $400||June 2022|
|June||$1,013.00||+ $400||June 2022|
|July||$956.00||+ $400||June 2022|
|August||$899.00||+ $400||June 2022|
|September||$842.00||+ $400||June 2022|
|October||$785.00||+ $400||June 2022|
|November||$728.00||+ $400||June 2022|
|December||$671.00||+ $400||June 2022|
For affiliate members:
|January - March||$115||+ $50 application fee per application|
|April - May 17||$65||+ $50 application fee per application|
|May 18 - June||$265||+ $50 application fee per application|
|July - September||$215||+ $50 application fee per application|
|October - December||$165||+ $50 application fee per application|
Broker Listing Cooperative® Tech Fee Prorations
|February 20||$532.00 ($76.00 + $456.00)||$327.32 ($81.82 + $245.50)|
|March 20||$494.00 ($38.00 + $456.00)||$286.42 ($40.92 + $245.50)|
|August 20||$304.00||$327.32 ($81.82 + $245.50)|
|September 20||$266.00||$286.42 ($40.92 + $245.50)|