What is a Realtor Letter of Good Standing?

2 years ago
5

In this tutorial, Chris at Cribfox (https://cribfox.com/) goes over what a Realtor Letter of Good Standing is, and what a sample good standing letter looks like.
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A Realtor Letter of Good Standing is a reference letter from your primary Realtor association that you'll need to provide in order to join as a "Secondary Realtor" for another MLS / Realtor association.

For example, you primarily work in New York and your primary Realtor association is the Long Island Board of Realtors. However, you wish to also work in Florida during the winter months and you want access to the Miami MLS. Well, you would need to apply as a Secondary Realtor to the Miami Association of Realtors, which operates the Miami MLS.

A Secondary Realtor membership enables you to pay vastly reduced membership fees, since you already pay dues to your primary Realtor association. However, in order to qualify for this status, the Miami Association of Realtors will obviously need to verify that you are in good standing and paying your dues with the Long Island Board of Realtors.

Hence, a Letter of Good Standing from the Long Island Board of Realtors in this example would be needed to show proof that you've been paying your dues, and as a result are eligible for a reduced membership fee with the Miami Association of Realtors per our example.

We'll show you sample letters of good standing in this video, as well as what an example request for such a letter from a MLS might look like.
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