NAR has changed the requirements for qualifying for “REALTOR® Emeritus” status to include at least one year of service to the association. Until now, anyone who was a dues-paying member for 40 years would qualify; 8,149 REALTORS® currently hold the status.
REALTOR emeriti have their national dues — currently $120 per year — waived for life. (Virginia also waives state dues, and some local associations also waive them.)
Starting in 2015, to qualify for REALTOR® Emeritus status a member will have to have served at least one year on a national committee, as an NAR director, or as a Federal Political Coordinator. Through 2019, the requirement can also be met through similar service on the state level.