MIAMI REALTORS Foundation FAQs

What is the MIAMI REALTORS® Foundation? Why do we need a MIAMI REALTORS® Foundation?
Florida, our beautiful state, is home to an array of natural disasters: hurricanes, tropical storms, tornadoes, wildfires, and floods. MIAMI REALTORS® stands ready and committed to help our members during their time of need.

Over the past 20 years, MIAMI REALTORS® has aided REALTOR® relief efforts in Florida and other states in addition to supporting both the NAR Realtors® Relief Foundation and the Florida Realtors® Disaster Relief Fund. From this experience, we learned that it’s important to have immediate access to funds, while we wait for more financial assistance to follow. By starting this foundation and ongoing funding with the nominal amount of only $2/year, MIAMI is formalizing our commitment to you and announcing that WE WILL BE READY!

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How will the Foundation’s money be spent?
The Foundation’s primary focus is responding to disaster relief. Every dollar goes directly to victims of disasters. The MIAMI Association of REALTORS® is pleased to cover 100% of the administrative expenses.

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Who makes decisions about the Foundation?
The MIAMI REALTORS® Foundation, like all nonprofit organizations, has a board of directors, which governs its actions and policies.

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Do I have to pay the $2 towards MIAMI REALTORS® Foundation?
Yes, the $2 is part of your dues assessment. By separating this portion of your dues, we are committed to providing greater transparency for our members. This allows MIAMI REALTORS® to budget accordingly and help our REALTORS® in the wake of disasters.

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Are my dues tax-deductible?
Yes. You may be able to deduct your dues as business expenses under the IRS tax code. Please visit www.miamirealtors.com/duesdeductions for more dues information, and consult a tax professional.

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Are my contributions to the Foundation tax-deductible?
The $2 increase in dues is not a donation. It is part of your dues, which may be tax-deductible as business expenses. If you make separate, voluntary donations to the Foundation, which is a 501(c)(3) not-for-profit organization, those are likely tax-deductible as charitable contributions. Make sure to consult a tax professional.

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A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE WITHIN THE STATE. FDAC’S TOLL-FREE NUMBER IS 1-800-HELP-FLA (435-7352). REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE.

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