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How much did NAR get for realtor.com last year?

06/03/2016

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Think real estate agent and broker dues help keep the lights on at realtor.com? Think again. News Corp. subsidiary Move Inc. has paid the National Association of Realtors $9 million for the right to operate realtor.com in the last five years — nearly $2 million every year. Realtor.com, the second most-popular real estate website nationwide, is owned by NAR. But Move subsidiary RealSelect runs the site on behalf of the million-member trade group under the terms of a 1996 operating agreement. How much does Move pay? According to the agreement, Move is obligated to make license fee payments set to the annual Consumer Price Index to NAR every year. Move paid license fees of about $1.84 million and $1.85 million to NAR in 2014 and 2015, respectively, according to NAR’s May 2…

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