Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| ORGANIZATION MEMBERS | FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS SIX CLASSES OF MEMBERS. 1) REALTOR MEMBERS INCLUDE INDIVIDUALS WHO ARE ENGAGED ACTIVELY IN THE REAL ESTATE PROFESSION AND WHO MAINTAIN OR ARE ASSOCIATED WITH AN ESTABLISHED REAL ESTATE OFFICE IN THE STATE OF MISSOURI OR A STATE CONTIGUOUS THERETO. 2) INSTITUTE AFFILIATE MEMBERS INCLUDE INDIVIDUALS WHO HOLD A PROFESSIONAL DESIGNATION AWARDED BY AN INSTITUTE, SOCIETY OR COUNCIL AFFILIATED WITH THE NATIONAL ASSOCIATION OF REALTORS THAT ADDRESSES A SPECIALTY AREA OTHER THAN RESIDENTIAL BROKERAGE OR INDIVIDUALS WHO OTHERWISE HOLD A CLASS OF MEMBERSHIP IN SUCH INSTITUTE, SOCIETY OR COUNCIL THAT CONFERS THE RIGHT TO HOLD OFFICE. 3) AFFILIATE MEMBERS INCLUDE REAL ESTATE OWNERS AND OTHER INDIVIDUALS OR FIRMS WHO, WHILE NOT ENGAGED IN THE REAL ESTATE PROFESSION, HAVE INTERESTS REQUIRING INFORMATION CONCERNING REAL ESTATE, AND ARE IN SYMPATHY WITH THE OBJECTIVES OF THE BOARD. 4) PUBLIC SERVICE MEMBERS INCLUDE INDIVIDUALS WHO ARE INTERESTED IN THE REAL ESTATE PROFESSION AS EMPLOYEES OF OR AFFILIATED WITH EDUCATIONAL, PUBLIC UTILITY, GOVERNMENTAL OR OTHER SIMILAR ORGANIZATIONS, BUT ARE NOT ENGAGED IN THE REAL ESTATE PROFESSION ON THEIR OWN ACCOUNT OR IN ASSOCIATION WITH AN ESTABLISHED REAL ESTATE BUSINESS. 5) HONORARY MEMBERS INCLUDE INDIVIDUALS NOT ENGAGED IN THE REAL ESTATE PROFESSION WHO HAVE PERFORMED NOTABLE SERVICE FOR THE REAL ESTATE PROFESSION, FOR THE BOARD, OR FOR THE PUBLIC. 6) STUDENT MEMBERS INCLUDE INDIVIDUALS WHO ARE SEEKING AN UNDERGRADUATE OR GRADUATE DEGREE WITH A SPECIALIZATION OR MAJOR IN REAL ESTATE AT INSTITUTIONS OF HIGHER LEARNING, AND WHO HAVE COMPLETED AT LEAST TWO YEARS OF COLLEGE AND AT LEAST ONE COLLEGE LEVEL COURSE IN REAL ESTATE, BUT NOT ENGAGED IN A REAL ESTATE BUSINESS OF THEIR OWN ACCOUNT OR NOT ASSOCIATED WITH AN ESTABLISHED REAL ESTATE OFFICE. |
| ORGANIZATION MEMBER RIGHTS | FORM 990, PART VI, SECTION A, LINES 7A & 7B | AT LEAST TWO MONTHS BEFORE THE ANNUAL ELECTION OF OFFICERS AND DIRECTORS, A NOMINATING COMMITTEE OF SEVEN REALTOR MEMBERS IS APPOINTED BY THE PRESIDENT-ELECT WITH THE APPROVAL OF THE BOARD OF DIRECTORS. THE NOMINATING COMMITTEE SHALL BE COMPRISED OF CURRENT PRESIDENT-ELECT, ONE MEMBER FROM THE BOARD OF DIRECTORS, AND FIVE MEMBERS FROM THE GENERAL MEMBERSHIP. THE NOMINATING COMMITTEE SHALL SELECT AT LEAST ONE CANDIDATE FOR SECRETARY/TREASURER, ONE CANDIDATE FOR EACH PLACE TO BE FILLED ON THE BOARD OF DIRECTORS, AND THE STATE DIRECTOR(S) POSITION. BY AGREEING TO SERVE ON THIS COMMITTEE THE NOMINATING MEMBERS AGREE TO ELIMINATE THEMSELVES FROM THE NOMINATING POOL. THE ELECTION OF OFFICERS & DIRECTORS TAKES PLACE AT THE ANNUAL MEMBERS MEETING. VACANCIES AMONG THE OFFICERS AND THE BOARD OF DIRECTORS SHALL BE FILLED BY A SIMPLE MAJORITY VOTE OF THE BOARD OF DIRECTORS UNTIL THE NEXT ANNUAL ELECTION, SUBJECT TO A CONFIRMATION OF THE GENERAL MEMBERSHIP AT THE NEXT POSSIBLE GENERAL MEMBERSHIP MEETING. |
| FORM 990 REVIEW | FORM 990, PART VI, SECTION B, LINE 11B | THE EXECUTIVE DIRECTOR THOROUGHLY REVIEWS THE FORM 990 BEFORE IT IS FILED. THE BOARD IS GIVEN THE OPPORTUNITY TO REVIEW, ASK QUESTIONS, OR MAKE CHANGES BEFORE THE FORM 990 IS FILED. |
| CONFLICT OF INTEREST POLICY COMPLIANCE | FORM 990, PART VI, SECTION B, LINE 12c | CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED AT THE START OF A BOARD MEMBER'S TERM AND AT ANY TIME DURING THE YEAR IF A CONFLICT ARISES. ANY CONFLICT IS BROUGHT TO THE ATTENTION OF THE ENTIRE BOARD OF DIRECTORS. ANY BOARD MEMBER WITH A POTENTIAL CONFLICT OF INTEREST WOULD ABSTAIN FROM VOTING ON ANY MATTERES RELATED TO THE CONFLICT. |
| INDEPENDENT BOARD MEMBERS | FORM 990, PART I LINE 4, PART IV LINE 28C, PART VI LINE 1B, SCH L PART IV | THE ORGANIZATION SHARES THE SAME BOARD OF DIRECTORS WITH TRI-LAKES MLS, INC, A C-CORPORATION WHOLLY OWNED BY THE ORGANIZATION. THE ORGANIZATION HAS A MANAGEMENT CONTRACT AND OTHER SMALLER BUSINESS TRANSACTIONS WITH THE CORPORATION THAT EXCEED $100,000. AS SUCH, NO BOARD MEMBER MEETS THE DEFINITION OF AN INDEPENDENT BOARD MEMBER AS THEY SERVE ON THE BOARD OF A TAXABLE ENTITY THAT HAS BUSINESS TRANSACTIONS GREATER THAN $100,000 WITH THE ORGANIZATION. IF NOT FOR THIS RELATIONSHIP, ALL BOARD MEMBERS WOULD BE CONSIDERED INDEPENDENT. |
| GOVERNING DOCUMENT AVAILABILITY | FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO BE VIEWED AT THE ORGANIZATION'S OFFICE UPON REQUEST. THESE DOCUMENTS CAN ONLY BE VIEWED IN THE ORGANIZATION'S OFFICE AND COPIES ARE NOT PROVIDED. |
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