How It Works
HOW IT HELPS REALTORS®
- A Realtor®, a member of a Realtor’s immediate family or Realtor’s staff person, or someone on their behalf, using a standard application form applies for aid based on lack of funds caused by a catastrophic event, illness, or accident. All sources of assistance should have been explored and exhausted. The situation is desperate.
- The application is received by NAR. Statements and claims are verified. It is passed to the Board of the Foundation, or a grants committee of the Board, for review for a decision. Will the award be made? In what amount? The documents dictate an upper limit for awards relating to an individual in a calendar year. The time of turnaround to approval must be very, very short.
- The award check will be payable to a vendor, not the individual, as the award will cover a specific, individual, personal expense.Expense examples: medicine, doctors, hospitals, lenders, utilities, funeral expenses, caregivers, rehabilitation facilities, insurance premiums to prevent lapse.