2020-11-13T15:03:14-06:00 2019-12-31 350921680 CROWE LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2019-01-01 364173556 Center for Specialized Realtor Education CENT 3123298200 430 N Michigan Chicago IL 60611 Jennifer Rzeszewski Executive Director 2020-11-13 true Nicole Bencik P00756195 3128997000 2019 2021-04-22 16:20:28Z Marc Gould 430 N Michigan Chicago IL 60611 12570192 false X www.REBAC.net X 1997 IL To promote the common interest of its members by creating and presenting educational programs and encouraging high standards on the creation and awarding of designations, certifications and degrees in real estate. 4 0 0 100 0 0 0 0 7659379 8191647 457563 555665 2528 540 8119470 8747852 1196417 500000 0 0 0 0 0 6539917 7143241 7736334 7643241 383136 1104611 21525366 23293898 2987054 2810303 18538312 20483595 X The mission of the Center for Specialized REALTOR Education (CSRE) is to promote the interest of members by creating and presenting educational programs; encouraging high standards through the creation/awarding of designations, certifications and degrees in real estate; and working with the NAR for the enactment of laws to advance interests of members. false false THE ACCREDITED BUYER'S REPRESENTATIVE (ABR) DESIGNATION PROGRAM PROVIDES MEMBERS WITH VALUABLE REAL ESTATE EDUCATION TO ELEVATE SKILLS AND KNOWLEDGE IN THE EYES OF HOMEBUYERS AND ONGOING SPECIALIZED INFORMATION, PROGRAMS AND UPDATES THAT HELP MEMBERS TO STAY ON TOP OF ISSUES AND TRENDS TO SUCCESSFULLY REPRESENT HOMEBUYERS. IN ADDITION, MEMBERS RECEIVE MARKETING TOOLS (INCLUDING THE HOMEBUYERS TOOLKIT) TO ENHANCE SERVICES TO CLIENTS AND ACCESS TO MEMBERS ONLY RESOURCES AND PUBLICATIONS. THE SENIOR REAL ESTATE SPECIALIST DESIGNATION PROGRAM PROVIDES MEMBERS WITH VALUABLE REAL ESTATE EDUCATION TO ELEVATE SKILLS AND KNOWLEDGE IN THE EYES OF OLDER-AMERICANS AND WITH ONGOING SPECIALIZED INFORMATION, PROGRAMS AND UPGRADES THAT HELP MEMBERS STAY ON TOP OF ISSUES AND TRENDS TO SUCCESSFULLY REPRESENT OLDER-AMERICANS. ALSO, SEVERAL OTHER EDUCATIONAL ELECTIVE OPTIONS ARE OFFERED AS A PART OF THE ACCREDITED BUYER'S REPRESENTATIVE DESIGNATION PROGRAM. THESE INCLUDE COURSES DESIGNED TO ENHANCE MEMBER TECHNICAL SKILLS, MANAGEMENT SKILLS AND REAL ESTATE SAVVY. THE SHORT SALES AND FORECLOSURES CERTIFICATION PROGRAM EDUCATES MEMBERS ON HOW TO HELP SELLERS MANEUVER THE COMPLEXITIES OF SHORT SALES AS WELL AS HELP BUYERS PURSUE SHORT SALE AND FORECLOSURE OPPORTUNITIES BY PROVIDING PROPER TOOLS AND TRAINING THAT MEMBERS CAN USE TO BUILD THEIR BUSINESS FOR THE LONG-TERM. The Pricing Strategy Advisor (PSA) certification program is specifically designed to enhance skills in pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values. In this course students will learn to select appropriate comparables and make accurate adjustments to them, for use in developing home price opinions. Real estate professionals of all experience levels will enhance their skills of guiding sellers and buyers through the details of Comparative Market Analysis and the underlying pricing principles that inform them and interact effectively with appraisers. INTRODUCTION OF THE MEMBERS EDGE LIVE EVENT. THIS ONE-DAY, HIGH-ENERGY CONFERENCE IS GEARED TOWARDS REALTORS WHO ARE EAGER TO LEARN HOW CUTTING-EDGE TECHNOLOGIES, THE LATEST INDUSTRY NEWS, AND NATIONAL ASSOCIATION OF REALTORS (NAR) RESOURCES CAN BENEFIT THEIR BUSINESS AND CLIENTS. Introduction of the REALTOR Broker's Summit and NAR's Broker's Edge live event. The REALTOR Broker Summit offers an incredible two days of learning, exclusive insights, and networking opportunities. Stay on the cutting edge by discovering new technologies and business strategies from industry leaders. NAR's Broker's Edge is a one day event focused on learning, exclusive insights and networking opportunities for brokers. 0 false false false true false false false false false true false false false false true false true false false false false false false false false false true false true false false false false false false false false false false false true true true false true 25 0 true 0 false false false false false false false false X 4 0 false false false false true true true true false false false false true true true true true false false false X Marc Gould 3123298200 430 N Michigan Chicago IL 60611 BOB GOLDBERG PRESIDENT 1.0 50.5 X X 0 2239943 41297 MARC GOULD SECRETARY/TREASURER 7.5 30.0 X X 0 489741 41297 CHARLES OPPLER BOARD MEMBER 1.0 30.0 X 0 170647 0 VINCE MALTA BOARD MEMBER 1.0 30.0 X 0 239747 0 JENNIFER RZESZEWSKI EXECUTIVE DIRECTOR 37.5 0.0 X 0 236447 36942 DALE STINTON FORMER OFFICER 0.0 0.5 X 0 250000 0 0 3626525 119536 0 true true false OMEGA PRINTING INC 201 WILLIAM ST BENSENVILLE IL 60106 PRINTING Services 621477 THE CE SHOP INC 5670 GREENWOOD PLAZA BLVD SUITE 420 GREENWOOD VILLAGE CO 80111 TECHNOLOGY SERVICES 354441 Ernst & Young 155 N WACKER DR CHICAGO IL 60606 CONSULTING 150000 HAMILTON EXHIBITS 9150 E 33RD ST INDIANAPOLIS IN 46235 ADVERTISING SERVICES 142067 4 0 MEMBERSHIP DUES 900099 3939652 3939652 EDUCATIONAL COURSES 900099 3946288 3946288 PUBLICATIONS AND SERVICE MATERIALS 900099 23535 23535 CONVENTIONS 900099 178065 178065 SPONSORSHIPS 900099 104107 104107 0 0 0 0 8191647 456563 456563 0 0 3921442 3822340 99102 0 99102 99102 MISCELLANEOUS INCOME 900099 540 540 0 0 0 0 540 8747852 8088080 0 659772 500000 2119 25900 50784 432486 0 0 0 1187655 765858 477149 156687 203579 851708 10867 Course development 364462 Allocable Salary Expense 2515243 Ecommerce Fees 98744 0 0 0 0 7643241 0 0 0 288517 2879236 5779007 4953115 472092 447581 0 0 0 0 7950 678187 668975 20079 9212 13201954 13233087 0 0 1763717 1763717 0 0 21525366 23293898 685776 732355 2301278 2077948 0 0 0 0 2987054 2810303 X 18538312 20483595 18538312 20483595 21525366 23293898 1104611 840672 0 X false true X true false false true false 678187 668975 9212 9212 0 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Company follows guidance issued by the Financial Accounting Standards Board ("FASB") with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Company recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Company has no amounts accrued for interest or penalties as of December 31, 2019 and 2018. Due to its tax-exempt status, the Company is not subject to U.S. federal income tax or state income tax. The Company does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. true REALTOR UNIVERSITY 430 N MICHIGAN AVE CHICAGO IL 60611 452102449 501(C)3 400000 FUNDING FOR OPERATIONS NATIONAL ASSOCIATION OF REALTORS 430 N MICHIGAN AVE CHICAGO IL 60611 361520690 501(C)6 50000 CORPORATE ALLY PROGRAM - ISSUES ADVOCACY CAMPAIGNS REALTOR RELIEF FOUNDATION 430 N MICHIGAN AVE CHICAGO IL 60611 364468109 501(C)3 50000 CHARITABLE CONTRIBUTION FOR DISASTER RELIEF EFFORTS 2 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The use of grants is monitored by reviewing documents which are required to be submitted by organizations receiving the funds to determine if monies are being use as intended. false false false BOB GOLDBERG PRESIDENT 0 1664559 0 553736 0 21648 0 28000 0 13297 0 2281240 0 0 MARC GOULD SECRETARY/TREASURER 0 324518 0 156447 0 8776 0 28000 0 13297 0 531038 0 0 VINCE MALTA BOARD MEMBER 0 0 0 0 0 239747 0 0 0 0 0 239747 0 0 CHARLES OPPLER BOARD MEMBER 0 0 0 0 0 170647 0 0 0 0 0 170647 0 0 DALE STINTON FORMER OFFICER 0 250000 0 0 0 0 0 0 0 0 0 250000 0 0 JENNIFER RZESZEWSKI EXECUTIVE DIRECTOR 0 188249 0 48198 0 0 0 23645 0 13297 0 273389 0 0 Schedule J, Part I, Line 3 Process to establish top management official compensation COMPENSATION FOR THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED AND PAID BY NATIONAL ASSOCIATION OF REALTORS (NAR), A RELATED TAX-EXEMPT ORGANIZATION. NAR UTILIZES THE FOLLOWING METHODS TO DETERMINE THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEYS AND STUDIES - APPROVAL BY THE BOARD OF DIRECTORS Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) The Pricing Strategy Advisor (PSA) certification program is specifically designed to enhance skills in pricing properties, creating CMAs, working with appraisers, and guiding clients through the anxieties and misperceptions they often have about home values. In this course students will learn to select appropriate comparables and make accurate adjustments to them, for use in developing home price opinions. Real estate professionals of all experience levels will enhance their skills of guiding sellers and buyers through the details of Comparative Market Analysis and the underlying pricing principles that inform them and interact effectively with appraisers. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) INTRODUCTION OF THE MEMBERS EDGE LIVE EVENT. THIS ONE-DAY, HIGH-ENERGY CONFERENCE IS GEARED TOWARDS REALTORS WHO ARE EAGER TO LEARN HOW CUTTING-EDGE TECHNOLOGIES, THE LATEST INDUSTRY NEWS, AND NATIONAL ASSOCIATION OF REALTORS (NAR) RESOURCES CAN BENEFIT THEIR BUSINESS AND CLIENTS. Form 990, Part III, Line 4d Description of other program services (Expenses $ including grants of $) Introduction of the REALTOR Broker's Summit and NAR's Broker's Edge live event. The REALTOR Broker Summit offers an incredible two days of learning, exclusive insights, and networking opportunities. Stay on the cutting edge by discovering new technologies and business strategies from industry leaders. NAR's Broker's Edge is a one day event focused on learning, exclusive insights and networking opportunities for brokers. Form 990, Part VI, Line 15a 15B - process for determining compensation THE ORGANIZATION'S OFFICERS ARE PAID BY NATIONAL ASSOCIATION OF REALTORS (NAR), A RELATED TAX-EXEMPT ORGANIZATION; THEREFORE LINES 15A AND 15B ARE HAVE BEEN ANSWERED "NO" IN ACCORDANCE WITH THE FORM 990 INSTRUCTIONS. Form 990, Part VI, Line 6 Classes of members or stockholders The Center for Specialized REALTOR Education (CSRE) is organized as a not-for-profit corporation in which the National Association of REALTORS (NAR), a related exempt organization, is the sole corporate member. As the corporation's sole corporate member, NAR holds all the voting rights with respect to the CSRE. These rights include the right to elect Directors of the corporation and amend the Articles of Incorporation. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body PLEASE REFER TO THE SCHEDULE O NARRATIVE RESPONSE FOR FORM 990, PART IV, LINE 6 Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders PLEASE REFER TO THE SCHEDULE O NARRATIVE RESPONSE FOR FORM 990, PART IV, LINE 6 Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body There are no committees with authority to act on the behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body The form 990 is reviewed in detail by the President and Executive Director before it is filed. Form 990, Part VI, Line 12c Conflict of interest policy On an annual basis, the directors and officers of the organization receive a questionnaire designed to help identify any conflicting issues that may need to be addressed by the governing body. If any conflicts are noted, they are addressed by the Board in a timely manner. Also, if necessary the NAR General Council is consulted about appropriate steps to take if a conflict is identified. Any person that has a conflict is not allowed to vote on transactions or decisions for which that individual may personally benefit. Form 990, Part VI, Line 19 Required documents available to the public The organization makes its governing documents and financial statements available to the public as appropriate on a case by case basis upon request. Conflict of interest policies are available upon request at any time. FORM 990, PAGE 1, BOX J ORGANIZATION'S WEBSITE Center for Specialized REALTOR Education was formerly known as the Real Estate Buyer's Agency Council ("REBAC"). NATIONAL ASSOCIATION OF REALTORS 430 N MICHIGAN CHICAGO IL 60611 361520690 MEMBER SERVICES IL 501(c)(6) NA false LEONARD P REAUME MEMORIAL FOUNDATION 430 N MICHIGAN CHICAGO IL 60611 393495865 EDUCATION IL 501(c)(3) PF NAR false REALTORS RELIEF FOUNDATION 430 N MICHIGAN CHICAGO IL 60611 364468109 DISASTER RELIEF IL 501(c)(3) 7 NAR false REALTORS POLITICAL ACTION COMMITTEE 430 N MICHIGAN CHICAGO IL 60611 362795122 POLITICAL ACTIVITY IL 527 NAR false NAR FUND 430 N MICHIGAN CHICAGO IL 60611 261725187 POLITICAL ACTIVITY IL 527 NAR false NAR CONGRESSIONAL FUND 430 N MICHIGAN CHICAGO IL 60611 273388377 POLITICAL ACTIVITY IL 527 NAR false REALTOR UNIVERSITY 430 N MICHIGAN CHICAGO IL 60611 452102449 EDUCATION IL 501(c)(3) 2 CSRE true REALTOR INFORMATION NETWORK 430 N MICHIGAN CHICAGO IL 60611 363981966 REAL ESTATE INFO IL NAR C Corporation false NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES CORPORATION AND SUBSID IARIES 430 N MICHIGAN CHICAGO IL 60611 203467306 REAL ESTATE SERVICES IL NAR C Corporation false false true false false false false false false false false true false true false true false false true true Realtor University B 400000 Cash