Charitable giving has continued to rise among Realtor associations, according to a new report from the National Association of Realtors.
The Community Aid and Real Estate Report – CARE Report – offers insight into the monetary and volunteer contributions of NAR members, broker-owners and association executives or multiple listing service staff. This year’s CARE Report found that the median donation by Realtor associations was $12,070 last year, compared to $10,000 in 2020 and $5,000 in 2018.
“Realtors are deeply involved in their communities and this report shines a light on the great volunteer efforts by NAR members,” said NAR President Leslie Rouda Smith, a Realtor from Plano, Texas, and a broker associate at Dave Perry-Miller Real Estate in Dallas. “It is inspiring to see Realtor associations across the country continue to boost local charitable efforts, and I’m proud to be part of such a compassionate and caring group.”
Two out of three Realtor members at large – 66% – volunteered monthly, spending an average of eight hours volunteering each month – both figures have remained steady since 2018. Seventy-nine percent made charitable donations last year, down slightly from 82% in 2020.
Among broker-owners, 77% volunteered their time each month, a small decline from 79% in 2020. The typical amount donated annually by all broker-owners increased this year to $2,300 (compared to $1,800 in 2020) and $3,000 among only those who donated annually (compared to $2,000 in 2020).
Sixty-six percent of association executives or multiple listing service staff volunteered monthly and 87% made personal donations in 2022. Eighty-five percent of AEs or MLS staff said that their associations hold events that encourage their members to volunteer.
Realtors were most likely to have volunteered with food delivery for the elderly or food banks to help with COVID-19 relief efforts. More than four out of five respondents – 83% – reported that community involvement is an important component of their business plan.
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