Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 2 | RAYMOND AUTHIER AND ROBERT AUTHIER; RAYMOND IS A BOARD MEMBER AND ROBERT IS AN OFFICER. THEY HAVE A FAMILY RELATIONSHIP. JANE FINE AND EDWARD LEVINE; BOTH ARE BOARD MEMBERS AND HAVE A FAMILY RELATIONSHIP. KEVIN SEARS AND BRIAN SEARS; BOTH ARE BOARD MEMBERS AND HAVE A FAMILY RELATIONSHIP. ALETA AZARIAN AND DOUGLAS AZARIAN; BOTH ARE BOARD MEMBERS AND HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED THEIR BY-LAWS TO REQUIRE 15 DAYS NOTICE REGARDING ANY PROPOSED BY-LAW AMENDMENTS VERSUS THE PRIOR 30 DAY NOTICE REQUIREMENT. THE ORGANIZATION AMENDED THEIR BY-LAWS TO ALLOW A REGIONAL VICE-PRESIDENT TO BE ELECTED FOR EACH OF THE STATE'S REGIONS. THE ORGANIZATION AMENDED THEIR BY-LAWS TO MOVE UP THE ELECTION DATE FOR NATIONAL DIRECTORS IN ORDER TO MEET THE DEADLINE SET BY THE NATIONAL ASSOCIATION OF REALTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS 119 BOARD MEMBERS, ALL OF WHICH ARE INDEPENDENT. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE ASSOCIATION CAN ELECT ANOTHER MEMBER TO THE GOVERNING BODY UPON APPROVAL OF OTHER MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE MEMBERS VOTE ON ANY POLICY CHANGES TO THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11 | ONE OF THE OFFICERS OR DIRECTORS SIGNS THE FORM 990 AFTER IT IS REVIEWED BY THE AUDIT COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS WITH A CONFLICT OF INTEREST MUST IMMEDIATELY DISCLOSE THEIR CONFLICT AT THE OUTSET OF ANY DISCUSSIONS BY A DECISION MAKING BODY PERTAINING TO THE BUSINESS OR ANY OF ITS PRODUCTS OR SERVICES. SUCH MEMBERS MAY NOT PARTICIPATE IN THE DISCUSSION RELATING TO THE CONFLICT OTHER THAN TO RESPOND TO QUESTIONS ASKED OF THEM BY OTHER MEMBERS OF THE BODY. FURTHERMORE, NO MEMBER WITH A CONFLICT OF INTEREST MAY VOTE ON ANY MATTER IN WHICH THE MEMBER HAS A CONFLICT OF INTEREST, INCLUDING VOTES TO BLOCK OR ALTER THE ACTIONS OF THE BODY IN ORDER TO BENEFIT THE BUSINESS IN WHICH THEY HAVE AN INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ASSOCIATION'S INDEPENDENT EVP COMMITTEE DETERMINES COMPENSATION FOR THE EVP. THE COMMITTEE REVIEWS CURRENT MARKET CONDITIONS, COMPARABLE DATA AND COMPENSATION OF OTHERS IN THE INDUSTRY ARE TAKEN INTO CONSIDERATION AND DOCUMENTED IN THE MINUTES TO THE MEETING. THIS COMMITTEE DETERMINED THE COMPENSATION FOR ROBERT AUTHIER, EXECUTIVE VICE PRESIDENT ON JANUARY 11, 2013. DURING 2013, THE PERSONNEL COMMITTEE REVIEWED COMPENSATION FOR ALL OTHER EMPLOYEES INCLUDING REVIEWING CURRENT MARKET CONDITIONS AND COMPARABLE DATA AND COMPENSATION OF OTHERS IN THE INDUSTRY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE. |
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