Kern County Realtors Set Up Fund to Provide Financial Backing to Struggling Peers
Realtors from Kern County in California have set up a fund to help peers burdened with financial problems, a report on The Bakers Field Californian said.
The said fund called Real Estate Professionals Family Relief Fund, was established by Tony Ayon and local real estate practitioners. Ayon came up with the idea last spring at a fundraiser when he was approached by a colleague “struggling with high medical costs.”
According to the report, the fund was launched early in September through a kick-off party at The Petroleum Club of Bakersfield. Ayon said that the party/fundraiser was able to collect $10,000 in donations.
The fund also provides financial support to non-agents such as termite inspectors, appraisers, escrow workers, title professionals and lenders. Disbursements for eligible workers will be released in January, the report revealed.
Organizers of the fund aim to build it from individual donations and a percentage of the sales of “willing” local real estate firms, according to the report.
Ronda Newport, the relief fund’s secretary, said the fund will help real estate professionals, who are more often than not, “susceptible to financial hardships” and were self-employed.
“There are a lot of Realtors out there that don't have the best insurance, or don't have any insurance,” Newport told Bakers Field Californian.
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