The deal will be finalized by the end of Q1 2025, but founder Jason Haber said no money is changing hands.
NYRAC has 176 members from brokerages based in New York incl The compass, Douglas Elliman again THE SERHANT.according to its website.
In an announcement, REA America called the move “a major step forward in strengthening our mission to serve and support real estate professionals across the industry.”
In joining with NYRAC, REA America said it will be able to provide members with expanded resources and tools, foster deeper communication and collaboration, and build a stronger, unified voice to advocate for issues important to the real estate community.
“We are very excited to partner with NYRAC and expand the American Real Estate Association,” Haber said in a video posted to social media. “This will be our first local chapter, and we’ll be opening chapters all over the country, but we’re starting right here in New York. We will be working to advocate for news, policy, education, and all things important in the real estate industry to our residential agents. “
Haber and Mauricio Umansky launched the American Real Estate Association in January 2024 as an alternative to National Association of Realtors (NAR).As of January, REA America has more than 5,000 members. The group launched its membership program in August 2024, with two branches – an annual membership for $20 and a 10-year founding membership for $1,500.
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