Florida’s Realtor associations enjoyed a stellar 2015. It was a year when most major associations brought in more revenue — yet managed to pay their CEOs less than the year before.
As nonprofits, Realtor associations’ tax returns are public, and their filings for 2015 were divulged this month. A breakdown:
- At Florida Realtors, revenue rose to $24.2 million in 2015, up 12 percent from 2014. But CEO pay fell by 11.5 percent. New CEO Bill Martin joined the organization in March 2015 and pulled down $374,128, down 12 percent from his predecessor’s pay. Martin also received $470,531 in 2015 from his previous employer, the Michigan Association of Realtors.
- At the Miami Association of Realtors, revenue rose 4 percent to $16 million. But CEO Teresa King Kinney’s pay fell 17 percent for $386,408.
- At the Orlando Regional Realtor Association, revenue jumped 39 percent to $7.7 million. But CEO Jacquelyn Stanly’s pay of $261,780 was 33 percent below the combined total for her and her predecessor in 2014.
- At the Realtor Association of Martin County, revenue rose 21 percent but compensation for the top-paid manager, former Executive Vice President Marilyn Lane, fell 3 percent to $88,789.
- At the Pinellas Realtor Organization, revenue jumped 18 percent but pay for CEO David Bennett plunged 47 percent to $177,004.
- At the Jupiter Tequesta Hobe Sound Association of Realtors rose 27 percent from 2014 to 2015. The association announced a merger with the Miami Association in August 2015, and JTHS former Chief Executive Wes Wiggins made just $68,155 $141,4016 in 2014, less than half his 2015 pay.
The Realtor association in Tampa also paid its CEO less in 2015 than in 2014. Association CEOs in Sarasota and Jacksonville saw small raises from 2014 to 2015.
The head of the Realtor Association of Greater Fort Lauderdale was the rare CEO to get a big raise. His salary jumped 29 percent to $325,233, according to the group’s tax returns. The head of the Punta Gorda Port Charlotte North Port Association of Realtors got a 21 percent pay hike.
I’ll post 2015 data for the Realtor Association of the Palm Beaches and the Palm Beach Board of Realtors when their tax returns are available.