Form990
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 01-01-2014 , and ending 12-31-2014
BCheck if applicable:
CName of organization
National Association of Realtors
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
430 N Michigan Ave
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Chicago, IL60611
D Employer identification number

36-1520690
E Telephone number

G Gross receipts $ 280,524,861
F Name and address of principal officer:
Dale Stinton CEO
430 N Michigan Ave
Chicago,IL60611
I
Tax-exempt status: ( 6 ) LeftBullet (insert no.) or
J
Website:MediumBullet
www.realtor.org
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1908
M State of legal domicile: IL
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: The NATIONAL ASSOCIATION OF REALTORS (NAR) provides a facility for professional development & exchange of information among its members and the public in order to preserve rights related to real property.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 790
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 783
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 375
6 Total number of volunteers (estimate if necessary) ............. 6 2,100
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 7,766,456
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 2,843,567
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 173,660,691 184,075,821
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 6,271,813 18,893,316
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 10,241,398 5,803,331
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 190,173,902 208,772,468
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 160,000 213,385
14 Benefits paid to or for members (Part IX, column (A), line 4).....   0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 48,384,433 50,583,625
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 123,787,156 144,405,151
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 172,331,589 195,202,161
19 Revenue less expenses. Subtract line 18 from line 12....... 17,842,313 13,570,307
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 294,738,867 294,947,391
21 Total liabilities (Part X, line 26)............. 111,361,818 119,515,998
22 Net assets or fund balances. Subtract line 21 from line 20..... 183,377,049 175,431,393
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2014)
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: NAR provides a facility for professional development, research & exchange of information among its members and to the public in order to preserve the right to own, use and transfer real property.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
WORKING FOR AMERICA'S PROPERTY OWNERS, THE NATIONAL ASSOCIATION PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT, RESEARCH AND EXCHANGE OF INFORMATION AMONG ITS MEMBERS AND TO THE PUBLIC AND GOVERNMENT FOR THE PURPOSE OF PRESERVING THE FREE ENTERPRISE SYSTEM AND THE RIGHT TO OWN REAL PROPERTY. IN AN EFFORT TO FACILITATE THE EXCHANGE OF INFORMATION FROM THE ORGANIZATION'S LEADERSHIP TO ITS MEMBERS, THE ASSOCIATION USES VIDEO AND AUDIO PODCASTS THROUGHOUT THE YEAR FEATURING THE NAR PRESIDENT.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
NAR PROMOTES HIGH STANDARDS OF CONDUCT IN THE TRANSACTION OF REAL ESTATE BUSINESS AND HELPS TO ENSURE THAT THE PUBLIC RECOGNIZES THAT REALTORS ADHERE TO A STRICT CODE OF ETHICS. NAR'S PUBLIC AWARENESS CAMPAIGN DELIVERED POWERFUL MESSAGES TO NATIONAL AUDIENCES THROUGH COMPREHENSIVE MEDIA PROMOTIONS ENDORSING THE BENEFITS OF USING A REALTOR AND COUNTERING NEGATIVE HOUSING MARKET MESSAGES. ADDITIONALLY, THE ASSOCIATION CREATED THE SURROUND SOUND CAMPAIGN TO TEACH REALTORS HOW TO PRESENT POSITIVE MESSAGES TO CONSUMERS. THE FOCUS OF THE PROGRAM IS TO HELP STATE AND LOCAL REALTOR ASSOCIATIONS TELL BUYERS AND SELLERS ABOUT THE OPPORTUNITIES IN A CHALLENGING HOUSING MARKET. THE PROGRAM IS DESIGNED TO HELP REALTORS GENERATE AUTHENTIC OPTIMISM WITH CONSUMERS.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
NAR PROVIDES A BROAD-BASED PERSPECTIVE ON THE VALUE OF REAL PROPERTY OWNERSHIP AND THE IMPACT ON FAMILIES, COMMUNITIES AND SOCIETY. ACCORDINGLY, NAR CONTINUES TO SUPPORT PUBLIC POLICY ISSUES THAT ENHANCE HOUSING AFFORDABILITY AND THE AVAILABILITY FOR PEOPLE OF ALL BACKGROUNDS AND INCOME LEVELS TO OBTAIN HOME OWNERSHIP. THE ASSOCIATION'S WEBSITES, REALTOR. COM AND HOUSELOGIC.COM, ARE COMPANION WEBSITES FOR CONSUMERS, WHICH FEATURE INFORMATION ABOUT THE VALUE OF PROPERTY OWNERSHIP, ALLOW CONSUMERS TO DO THEIR OWN RESEARCH, AND HELP BUYERS AND SELLERS FIND REALTORS.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet0
Form 990 (2014)
Form 990 (2014)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A........................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment..........
3
Yes
 
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II........
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part IIIClick to see attachment............................
5
Yes
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III ....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
Yes
 
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
Yes
 
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII .................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment
14b
Yes
 
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IVClick to see attachment
15
Yes
 
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2014)
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II.. Click to see attachment
21
Yes
 
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I....
25a
 
 
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................
25b
 
 
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV..................... Click to see attachment
28b
Yes
 
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2014)
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
308
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
375
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
Yes
 
b
If "Yes," enter the name of the foreign country: MediumBulletBD
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2014)
Form 990 (2014)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
790
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
783
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
Yes
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
 
No
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
 
No
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletJOHN PIERPOINT

430 N MICHIGAN AVE
Chicago,IL60611 (312) 329-8200
Form 990 (2014)
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) GARY THOMAS
 
IMMEDIATE PAST PRESIDENT
 15.00
.......................0 		X   X       110,559 0 0
(2) CHRIS POLYCHRON
 
PRESIDENT-ELECT
 20.00
.......................0 		X   X       259,846 0 0
(3) STEVE BROWN
 
PRESIDENT
 1.00
.......................0.80 		X   X       401,295 0 0
(4) MICHAEL MCGREW
 
TREASURER
 15.00
.......................0.30 		X   X       168,473 0 0
(5) THOMAS SALOMONE
 
FIRST VICE PRESIDENT
 15.00
.......................0 		X   X       169,471 0 0
(6) WILLIAM ARMSTRONG
 
Past Treasurer
 1.00
.......................0 		X           0 0 0
(7) SHARON MILLETT
 
Past President
 1.00
.......................20.00 		X           0 0 0
(8) RICHARD MENDENHALL
 
Past President
 1.00
.......................1.50 		X           0 0 0
(9) GINGER DOWNS
 
Executive Committee Representative
 1.00
.......................1.50 		X           0 0 0
(10) RICHARD GAYLORD
 
Past President
 1.00
.......................1.50 		X           0 0 0
(11) MERLE WHITEHEAD
 
Large Firm Representative
 1.00
.......................1.50 		X           0 0 0
(12) MAURICE VEISSI
 
Past President
 1.00
.......................0 		X           0 0 0
(13) MARGARET ALLEN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(14) BENJAMIN ANDERSON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(15) JOHN ANDERSON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(16) FRANCISCO ANGULO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(17) FRANK ANTHONY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
Form 990 (2014)
Form 990 (2014)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(18) CINDY ARIOSA
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(19) MARIO ARRIAGA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(20) ADRIAN ARRIAGA
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(21) JOHN ASDOURIAN
 
DIRECTOR
 1.00
.......................0 		X           0 0 0
(22) DONALD ASHER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(23) STEVEN ASHER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(24) BRUCE AYDT
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(25) DOUGLAS AZARIAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(26) COLLEEN BADAGLIACCO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(27) ROBERT BAILEY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(28) JAN BAKER
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(29) LOUIS BALDWIN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(30) JOAN BALLANTYNE
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(31) CHRISTINA BANASIAK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(32) ANDREW BARBAR
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(33) DAVID BARCA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(34) MELANIE BARKER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(35) RAYMOND BARKETT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(36) JEFF BARNETT
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(37) TRAY BATES
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(38) BUDD BATTERSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(39) DANA BAUGUSS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(40) MARY BAYAT
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(41) MALCOLM BENNETT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(42) RICHARD BERGDAHL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(43) ALLYSON BERNARD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(44) TERESITA BERSACH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(45) BENJAMIN BLAIR
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(46) EUGENE BLEFARI
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(47) WILLIAM BOATMAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(48) SHADRICK BOGANY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(49) CHARLES BONFIGLIO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(50) RUSSELL BOOTH
 
Past President
 1.00
.......................0 		X           0 0 0
(51) DALE BORDNER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(52) CARLTON BOUJAI
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(53) KATHRYN BOVARD
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(54) SHARON BOWLER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(55) MONTIE BOX
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(56) DAVID BRADLEY
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(57) SCOTT BRADY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(58) DARYL BRAHAM
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(59) ELIZABETH BRAZNELL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(60) DARLENE BREEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(61) PAUL BREUNICH
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(62) TIMOTHY BRIGHAM
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(63) BRUCE BRIGHT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(64) MIKE BRODIE
 
Past Treasurer
 1.00
.......................0 		X           0 0 0
(65) FRAN BROUDE
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(66) JOSEPH BROWN
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(67) KEVIN BROWN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(68) ERIN BROWN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(69) BILL BROWN
 
Presidential Appointee: Real Estate Specialty Representative
 1.00
.......................0 		X           0 0 0
(70) THEODORE BRYANT
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(71) DIANA BULL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(72) CINDI BULLA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(73) DAVID BURNETT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(74) ANDREA BUSHNELL
 
Presidential Appointee: State Association Executive
 1.00
.......................0 		X           0 0 0
(75) MARILOU BUTCHER-ROTH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(76) DAVID CABOT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(77) ROBERT CALDWELL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(78) PAT CALLAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(79) WAYNE CAPLAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(80) DOMINIC CARDONE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(81) NANCY CARDONE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(82) CYNTHIA CARLEY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(83) THOMAS CARNAHAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(84) VICKI CARPENTER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(85) DOUGLAS CARPENTER
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(86) ADORNA CARROLL
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(87) STEPHEN CASPER
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(88) OTTO CATRINA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(89) DEBRA CHAMBERLAIN
 
State President
 1.00
.......................0 		X           0 0 0
(90) CINDY CHANDLER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(91) LORI CHAPMAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(92) SOCAR CHATMON-THOMAS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(93) WILLIAM CHEE
 
Past President
 1.00
.......................0 		X           0 0 0
(94) PHILIP CHILES
 
State President
 1.00
.......................0 		X           0 0 0
(95) MIKE CLANCY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(96) VICKI CLEMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(97) CHRISTINA CLEMANS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(98) KIMBERLY CLIFTON
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(99) PATRICIA COAN
 
State President
 1.00
.......................0 		X           0 0 0
(100) FRED COLBY
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(101) ALVIN COLLINS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(102) CATHY COLVIN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(103) PAT COMBS
 
Past President
 1.00
.......................0 		X           0 0 0
(104) REBECCA CONNATSER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(105) VIRGINIA COOK
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(106) BRIAN COPELAND
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(107) LAURA COPERSINO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(108) JAYNE COX
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(109) VICKI COX GOLDER
 
Past President
 1.00
.......................0 		X           0 0 0
(110) MIKE CRADDOCK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(111) DENNIS CRONK
 
Past President
 1.00
.......................0 		X           0 0 0
(112) RONALD CROUSHORE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(113) DIANE CUMMINS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(114) CAROLYN DAGOSTA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(115) PATRICK DALESSANDRO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(116) JOSEPH D'AMATO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(117) ANITA DAVIS
 
Affiliate Representative/WCR
 1.00
.......................0 		X           0 0 0
(118) WINNIE DAVIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(119) ALLAN DECHERT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(120) KATHERYN DECLERCK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(121) MICHAEL DELEON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(122) JULIE DELORENZO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(123) MARTHA DENT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(124) SUZANNE DESMARAIS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(125) ALAN DESTEFANO
 
State President
 1.00
.......................0 		X           0 0 0
(126) JOHN DICKINSON
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(127) GAY DILLASHAW
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(128) JOHN DOHM
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(129) VICTORIA DORAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(130) MIKE DREWS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(131) MARY DYKSTRA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(132) KEVIN EASTRIDGE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(133) MARTIN EDWARDS
 
Past President
 1.00
.......................0 		X           0 0 0
(134) ROBERT ELROD
 
Past President
 1.00
.......................0 		X           0 0 0
(135) DANIEL ELSEA
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(136) STUART ELSEA
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(137) TODD EMERSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(138) JP ENDRES FEIN
 
State President
 1.00
.......................0 		X           0 0 0
(139) PAUL EVERSON
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(140) CAROL FACCIPONTI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(141) TREASURE FAIRCLOTH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(142) DON FAUGHT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(143) CHRISTOPHER FELIX
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(144) LINDA FERCODINI
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(145) DAVID FIALK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(146) DAPHNA FIELDS
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(147) STEVEN FISCHER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(148) DREW FISHMAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(149) PATRICIA FITZGERALD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(150) BONNIE FITZGERALD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(151) BOB FLETCHER
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(152) JOHN FLOR
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(153) SUE FLUCKE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(154) MICHAEL FLYNN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(155) NORMAN FLYNN
 
Past President
 1.00
.......................0 		X           0 0 0
(156) GREGORY FORD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(157) MICHAEL FORD
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(158) MELROSE FORDE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(159) DANNY FRANK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(160) DAVID FREDERICKSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(161) PAMELA FRESTEDT
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(162) RICHARD FRYER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(163) EVAN FUCHS
 
State President
 1.00
.......................0 		X           0 0 0
(164) VICKI FULLERTON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(165) JOSEPH FUNKHOUSER
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(166) NANCY FURST
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(167) WILLIAM FURST
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(168) WENDY FURTH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(169) BRANDI GABBARD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(170) PETE GALBRAITH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(171) KATHLEEN GALLAGHER MCIVER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(172) GLENN GARDNER
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(173) JOHN GATTERMEIR
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(174) MIKE GAUGHAN
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(175) ANNE GAULT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(176) STEVE GODDARD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(177) ART GODI
 
Past President
 1.00
.......................0 		X           0 0 0
(178) JAY GOHIL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(179) SUSAN GOLDY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(180) STEVEN GRAGG
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(181) DEBRA GREENE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(182) SUMMER GREENE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(183) FRANCOIS GREGOIRE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(184) SHERYL GRIDER WHITEHURST
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(185) RITA GRIESS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(186) SCOTT GRIFFITH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(187) RUSSELL GROOMS
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(188) REBECCA GROSSMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(189) STEVE HABGOOD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(190) WARREN HABIB
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(191) KIT HALE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(192) JONATHAN M HALL
 
DIRECTOR
 1.00
.......................0 		X           0 0 0
(193) OWEN HALL
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(194) CHRISTOPHER HALL
 
State President
 1.00
.......................0 		X           0 0 0
(195) EBBY HALLIDAY
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(196) CINDY HAMANN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(197) JIM HAMILTON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(198) JOE HANAUER
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(199) KENT HANLEY
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(200) WILLIAM HANLEY
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(201) CHRISTINE HANSEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(202) LORRAINE HARDING
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(203) ROBERT HARMAN
 
State President
 1.00
.......................0 		X           0 0 0
(204) TIM HARRIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(205) RICK HARRIS
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(206) TINA HARRIS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(207) MEL HARRIS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(208) IONA HARRISON
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(209) JOHN HARRISON
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(210) MARGARET HARTMAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(211) GEORGE HARVEY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(212) DANIEL HATFIELD
 
State President
 1.00
.......................0 		X           0 0 0
(213) MARY ANN HEBERT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(214) SALLY HEIMBROOK
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(215) LYNN HEINTZ
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(216) MEREDITH HELD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(217) DORCAS HELFANT-BROWNING
 
Past President
 1.00
.......................0 		X           0 0 0
(218) GLENN HELLYER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(219) JAMES HELSEL
 
Past Treasurer
 1.00
.......................0 		X           0 0 0
(220) SUSAN HELSINGER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(221) DAVID HEMENWAY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(222) GREGORY HERB
 
Affiliate Representative/CRB
 1.00
.......................0 		X           0 0 0
(223) LEN HERMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(224) DOROTHY HERMAN
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(225) NOAH HERRERA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(226) CONNIE HETTINGA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(227) SHIRLEY HICKS
 
State President
 1.00
.......................0 		X           0 0 0
(228) MAX HILL
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(229) TASHIA HINCHLIFFE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(230) SHEILA HOLLEY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(231) STEPHEN HOOVER
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(232) TOM HORMEL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(233) JOHN HORNING
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(234) GREGORY HRABCAK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(235) BOB HUDGENS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(236) W ALAN HUFFMAN
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(237) BROOKE HUNT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(238) BUDGE HUSKEY
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(239) DOROTHY JACKSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(240) R NEAL JACKSON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(241) THOMAS JEFFERSON
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(242) PATRICIA JENSEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(243) JANET JERNIGAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(244) NATE JOHNSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(245) PHIL JONES
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(246) JUDY JONES
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(247) JOANNE JUSTICE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(248) HENRY KAMMANDEL
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(249) BRUCE KAMMER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(250) JANET KANE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(251) KEITH KANEMOTO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(252) PAT KAPLAN
 
Past Treasurer
 1.00
.......................0 		X           0 0 0
(253) HEIDI KASAMA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(254) LARRY KEATING
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(255) SHARON KEATING
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(256) KOLLEEN KELLEY
 
State President
 1.00
.......................0 		X           0 0 0
(257) DELILAH KENNEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(258) BARBARA KENNON
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(259) KIM KERBIS
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(260) R SCOTT KESNER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(261) ILENE KESSLER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(262) ROBERT KIMBALL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(263) MYRNA KINGHAM
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(264) JAMES KINNEY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(265) KEVIN KIRKPATRICK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(266) BETTY KISSOCK
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(267) MARK KITABAYASHI
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(268) CHARLES KITCHEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(269) JOHN KMIECIK
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(270) EVERETT KNIGHT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(271) ROSEMARY KOBERLEIN
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(272) JOHN KODLICK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(273) ANGIE KOPKA
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(274) DONNA KOSTELECKY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(275) FRANK KOWALSKI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(276) BARBARA KOZLOW
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(277) ROBERT KULICK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(278) CHRISTINE KUTZKEY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(279) CONNIE KYLE
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(280) BARBARA LACH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(281) LANCE LACY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(282) JULIO LAGUARTA
 
Past President
 1.00
.......................0 		X           0 0 0
(283) ROBIN LANCE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(284) NANCY LANE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(285) SHARLA LAU
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(286) KARL LEE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(287) LINDA LEE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(288) DAVID LEGAZ
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(289) DANE LESLIE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(290) JOHN LESNIEWSKI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(291) ANGELIA LEVESQUE
 
State President
 1.00
.......................0 		X           0 0 0
(292) JACK LEVINE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(293) D PATRICK LEWIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(294) JAMES LIPTAK
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(295) THOMPSON LITCHFIELD
 
State President
 1.00
.......................0 		X           0 0 0
(296) MARBURY LITTLE
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(297) ERIC LOCHER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(298) DAVID LOCKWOOD
 
Affiliate Representative/SIOR
 1.00
.......................0 		X           0 0 0
(299) TED LORING
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(300) ALAN LOVITT
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(301) KAKI LYBBERT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(302) HOLLY MABERY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(303) ANTHONY MACALUSO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(304) CAROLE MACLURE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(305) GARY MAJORS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(306) VINCENT MALTA
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(307) CAROL MANGAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(308) DIANE MANNS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(309) L ALMA MANSELL
 
DIRECTOR
 1.00
.......................0 		X           0 0 0
(310) DONALD MARPLE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(311) MARK MARQUEZ
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(312) CINDY MARSH TICHY
 
State President
 1.00
.......................0 		X           0 0 0
(313) ROBERT MARTIN
 
State President
 1.00
.......................0 		X           0 0 0
(314) FERNANDO MARTINEZ
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(315) DON MASON
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(316) KC MAURER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(317) HAROLD MAXWELL
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(318) JOHN MCARDLE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(319) KERSTIN MCCONNELL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(320) PEGGYANN MCCONNOCHIE
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(321) CHRISTOPHER MCELROY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(322) MICHAEL MCGREEVY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(323) GEOFF MCINTOSH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(324) DAVID MCKEY
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(325) CHARLES MCMILLAN
 
Past President
 1.00
.......................0 		X           0 0 0
(326) ROBERT MCMILLAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(327) KATHLEEN MCQUILKIN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(328) BETTE MCTAMNEY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(329) STEPHEN MCWILLIAM
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(330) SHERRI MEADOWS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(331) KATHY MEHRINGER
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(332) ALAN MEHRWEIN
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(333) BETTIE MEINEL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(334) ELIZABETH MENDENHALL
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(335) LIZA MENDEZ
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(336) PETER MERRITT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(337) REINALDO MESA
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(338) STEPHEN MESZAROS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(339) DEANNA MILLER
 
DIRECTOR
 1.00
.......................0 		X           0 0 0
(340) TERRY MILLER
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(341) KATHLEEN MILLER
 
State President
 1.00
.......................0 		X           0 0 0
(342) ROBERT MILLER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(343) WILLIAM MILLIKEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(344) KATHLEEN MINDEN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(345) KEVIN MIYAMA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(346) EMIL MONGEON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(347) PAMELA MONROE
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(348) PERCY MONTAGUE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(349) TRUDY MOORE
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(350) WILLIAM MOORE
 
Past President
 1.00
.......................0 		X           0 0 0
(351) JUDY MOORE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(352) R MORRILL
 
Past President
 1.00
.......................0 		X           0 0 0
(353) EZEKIEL MORRIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(354) COLIN MULLANE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(355) THOMAS MURPHY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(356) RONALD MYLES
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(357) JOHN NICHOLS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(358) TRUDY NISHIHARA
 
State President
 1.00
.......................0 		X           0 0 0
(359) SALLYE NORDLING
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(360) CHRIS NORTHWOOD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(361) PEYTON NORVILLE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(362) ELIZABETH NUNAN
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(363) ALLEN OKAMOTO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(364) MICHAEL OLDENETTEL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(365) BRENDA OLIVER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(366) JENNY OLIVO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(367) CHRISTIE O'NEIL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(368) MICHAEL ONORATO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(369) IGNACIO OSORIO
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(370) R CHRIS OSTEEN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(371) WILLIAM OVERACRE
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(372) MICHAEL OWEN
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(373) LINDA PAGE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(374) ROBERT PAHLKE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(375) MICHAEL PAPPAS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(376) SUSAN PATT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(377) DAVE PATTON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(378) GREGORY PAWLIK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(379) GEORGE PEEK
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(380) BETH PEERCE
 
Director
 1.00
.......................0 		X           26,008 0 0
(381) RONALD PELTIER
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(382) DAVID PERETTI
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(383) MARK PETERSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(384) ANN PETTIJOHN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(385) SANDI PFISTER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(386) RONALD PHIPPS
 
Past President
 1.00
.......................0 		X           0 0 0
(387) LARRY PICKERING
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(388) JENNIFER PIGLOWSKI-SAHRMANN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(389) PATRICIA PIPKIN
 
Presidential Appointee: Real Estate Specialty Representative
 1.00
.......................0 		X           0 0 0
(390) ROGER PIRO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(391) BILL PLATTOS
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(392) F TODD POLINCHOCK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(393) MARTHA POMARES
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(394) JOANNE POOLE
 
Director
 1.00
.......................0 		X           17,861 0 0
(395) LINDA PORTERFIELD
 
State President
 1.00
.......................0 		X           0 0 0
(396) NELL POSTELL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(397) JOHN POWELL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(398) FRED PRASSAS
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(399) JOE PRYOR
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(400) HEIDI QUIGLEY-LARKE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(401) JEANNE RADSICK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(402) CHAILLE RALPH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(403) NANCI RANDS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(404) TOM RAU
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(405) HENRY RAY
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(406) CHARLEY RAY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(407) CHRIS READ
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(408) DON READINGER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(409) EDWARD REDLICH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(410) JAMES REESE
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(411) GARY REGGISH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(412) JOSEPH REIS JR
 
DIRECTOR
 1.00
.......................0 		X           0 0 0
(413) THOMAS REMPSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(414) SUSAN RENFREW
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(415) ELLEN RENISH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(416) MICHAEL RIEDMANN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(417) ED ROBERTS
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(418) BRUCE ROBERTS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(419) FAY ROBINSON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(420) D GARY ROGERS
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(421) GREGORY ROKEH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(422) VICKI ROLLER
 
State President
 1.00
.......................0 		X           0 0 0
(423) GRETCHEN ROSENBERG
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(424) RICHARD ROSENTHAL
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(425) DONALD ROTH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(426) DEAN ROUSO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(427) MARIO RUBIO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(428) PETER RUFFINI
 
State President
 1.00
.......................0 		X           0 0 0
(429) JOHN RURKOWSKI
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(430) LEIGH RUTLEDGE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(431) MARK SADEK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(432) ERIC SAIN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(433) EVA SANDERS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(434) KATHRYN SANFORD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(435) LEO SAUNDERS
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(436) PAULA SAVARD
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(437) DIANNE SCALZA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(438) DONALD SCANLON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(439) JANET SCAVO
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(440) DIANE SCHERER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(441) MICHAEL SCHMELZER
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(442) BARBARA SCHMERZLER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(443) DAVID SCHOEPF
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(444) PAUL SCOTT
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(445) J LENNOX SCOTT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(446) KEVIN SEARS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(447) PAM SEGARS MORRIS
 
State President
 1.00
.......................0 		X           0 0 0
(448) PAULA SERVEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(449) MOSES SEURAM
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(450) JAMES SEXTON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(451) CYNTHIA SHELTON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(452) SUZANNE SHERER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(453) TODD SHIPMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(454) CHARLES SHOOK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(455) GLORIA SICILIANO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(456) KENT SIMPSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(457) KIM SKUMANICK
 
State President
 1.00
.......................0 		X           0 0 0
(458) CHRIS SLOAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(459) JANICE SMARTO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(460) DONNA SMITH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(461) MICHAEL SMITH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(462) LESLIE SMITH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(463) DJ SNAPP
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(464) BOB SNOWDEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(465) HARLEY SNYDER
 
Past President
 1.00
.......................0 		X           0 0 0
(466) DAVID SOMERS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(467) DONNELL SPIVEY
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(468) LINDA ST PETER
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(469) PHILLIP STARK
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(470) JEREMY STARR
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(471) JOHN STEFFEY
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(472) KEN STEURY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(473) THOMAS STEVENS
 
Past President
 1.00
.......................0 		X           0 0 0
(474) BARTON STEVENS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(475) JOE STEWART
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(476) SUE STINSON-TURNER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(477) LEWIS STIRLING
 
Affiliate Representative/CRE
 1.00
.......................0 		X           0 0 0
(478) JAMES STOFKO
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(479) PATRICIA SUDAL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(480) TERENCE SULLIVAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(481) TAMARA SUMINSKI
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(482) JANET SWILLEY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(483) ZSOLT SZERENCSES
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(484) MICHAEL TEER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(485) JERRY TEESON
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(486) CHRISTOPHER TENGGREN
 
Affiliate Representative/CRS
 1.00
.......................0 		X           0 0 0
(487) PAMELA TESTROET
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(488) ANN THROCKMORTON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(489) DAVID TINA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(490) JACK TORZA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(491) LINDA TREVOR
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(492) JOHN TRIPP
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(493) JAMES TSIGHIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(494) KIM TUCKER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(495) PETER TUCKER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(496) KATHY TUCKER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(497) STEFANIE TUGAW-MADSEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(498) RICK TURLEY
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(499) BOB TURNER
 
Affiliate Representative/RLI
 1.00
.......................0 		X           0 0 0
(500) DUANE UHLIR
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(501) KAREN VALENTINE-POND
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(502) GLENN VATTEROTT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(503) LINDA VAUGHAN
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(504) MADELINE VEISSI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(505) RICK VIOLETT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(506) DANIEL WAGNER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(507) ADRIENNE WAGNER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(508) ROBERT WALKER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(509) STEPHANIE WALKER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(510) CLARK E WALLACE
 
DIRECTOR
 1.00
.......................0 		X           0 0 0
(511) CLAIRE WALLACE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(512) DAVID WALSH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(513) FURHAD WAQUAD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(514) EDWARD WARD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(515) KENNETH WARDEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(516) JEANNETTE WAY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(517) ERIK WEICHELT
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(518) JAMES WEICHERT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(519) WILLIAM WEIDACHER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(520) NESTOR WEIGAND
 
Past President
 1.00
.......................0 		X           0 0 0
(521) MARIA WELLS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(522) LOUISA WESSLING
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(523) CATHERINE WHATLEY
 
Past President
 1.00
.......................0 		X           0 0 0
(524) ROBERT WHITE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(525) STEVE WHITE
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(526) PATRICE WILLETTS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(527) MARY EDNA WILLIAMS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(528) BRUCE WILLIAMS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(529) THOMAS WILLIAMS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(530) VIRGINIA WILLIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(531) MELVIN WILSON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(532) KAY WIRTH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(533) DAVID WLUKA
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(534) EVELYN WOLFORD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(535) JON WOLFORD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(536) JOHN WONG
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(537) JOHN WOOD
 
Past President
 1.00
.......................0 		X           0 0 0
(538) PAM WOOD
 
Local Leadership Idea Exchage Council- Small Board Representative
 1.00
.......................0 		X           0 0 0
(539) O RANDALL WOODBURY
 
Affiliate Representative/IREM
 1.00
.......................0 		X           0 0 0
(540) JACK WOODCOCK
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(541) MARK WOODROOF
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(542) EDMUND WOODS
 
Past President
 1.00
.......................0 		X           0 0 0
(543) ROBERT WRIGHT
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(544) AVIS WUKASCH
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(545) THERESE WUNDERLICH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(546) ALAN YASSKY
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(547) DOYLE YATES
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(548) JON YOCUM
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(549) GREG ZADEL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(550) JUDY ZEIGLER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(551) CAROL ZINGONE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(552) MYRA ZOLLINGER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(553) JAMES ABELE
 
Presidential Appointee: Regional MLS Association Executive
 1.00
.......................0 		X           0 0 0
(554) LORRAINE ABERCROMBIE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(555) AARON ADAMS
 
State President
 1.00
.......................0 		X           0 0 0
(556) LORETTA ALONZO-DEUBEL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(557) SONIA ANAYA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(558) IAN ANDERSON
 
Local Leadership Idea Exchage Council- Medium Board Representative
 1.00
.......................0 		X           0 0 0
(559) ENNIS ANTOINE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(560) MARTHA APPEL
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(561) JOE ATKINS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(562) DEBORAH BAISDEN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(563) SUE BARNES
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(564) KATHLEEN BECKMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(565) RUTHANNE BELUS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(566) LAURA BENJAMIN
 
Presidential Appointee: Local Board Association Executive
 1.00
.......................0 		X           0 0 0
(567) TOM BERGE JR
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(568) RUSSELL BERRY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(569) CHRISTOPHER BISHOP
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(570) BARBARA BLACKWELL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(571) BRADLEY BOLAND
 
State President
 1.00
.......................0 		X           0 0 0
(572) LINDA BONARELLI LUGO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(573) EUGENIA BONILLA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(574) STEPHEN BOOTH
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(575) J RUSSELL BOYCE
 
State President
 1.00
.......................0 		X           0 0 0
(576) JENNIFER BRANCHINI
 
Local Leadership Idea Exchange Council- Large Board Representative
 1.00
.......................0 		X           0 0 0
(577) RYAN BRASHEAR
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(578) ERIC BRAUNSTEIN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(579) MARION BRIGGS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(580) MAREN BRISSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(581) WENDELL BULLARD
 
State Leadership Idea Exchange Council- Chair
 1.00
.......................0 		X           0 0 0
(582) ANDREW BURKE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(583) MARY FRANCES BURLESON
 
DSA Recipient
 1.00
.......................0 		X           0 0 0
(584) KENYA BURRELL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(585) SCOTT CABALLERO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(586) LAURIE CADIGAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(587) SARA CALO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(588) ARABEL CAMBLOR
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(589) RONALD CANNING
 
Affiliate President/CRS
 1.00
.......................0 		X           0 0 0
(590) MEG CASPER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(591) JOHN CASTELLI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(592) GAYLE CHAPEL
 
State President
 1.00
.......................0 		X           0 0 0
(593) ALLEN CHIANG
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(594) IVAN CHOI
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(595) KEN CLARK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(596) NEAL CLAYTON
 
State President
 1.00
.......................0 		X           0 0 0
(597) GEORGE CLIFT
 
Affiliate President/RLI
 1.00
.......................0 		X           0 0 0
(598) PAULA COLVIN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(599) CATHY CONEWAY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(600) CONSTANCE CONWAY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(601) DENNIS COOK
 
State President
 1.00
.......................0 		X           0 0 0
(602) PAULA COSENZA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(603) JUDY COVINGTON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(604) JEAN CROSBY
 
Affiliate President/CRB
 1.00
.......................0 		X           0 0 0
(605) TIFFANY CURRY
 
Committee Liaison
 1.00
.......................0 		X           0 0 0
(606) DONNA CUSSON
 
State President
 1.00
.......................0 		X           0 0 0
(607) JOAO DA SILVA
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(608) J NICHOLAS D'AMBROSIA
 
Executive Committee Representative
 1.00
.......................0 		X           0 0 0
(609) KRISTI DAVIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(610) CHRIS DEAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(611) ANN DEFRIES
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(612) MATTHEW DEUITCH
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(613) D DEEMS DICKINSON
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(614) MICHAEL DIMELLA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(615) EMILY DISIMONE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(616) EDWARD DOWNS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(617) MARY DUFF
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(618) CAROLANN DURBON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(619) CHRISTINE DWIGGINS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(620) ROBINA ENGLISH
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(621) J PHILIP FARANDA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(622) MATTHEW FARRELL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(623) JAMES FASE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(624) KIT FITZGERALD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(625) JUDITH FITZGERALD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(626) CORINNE FITZGERALD
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(627) MARIE FLAHERTY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(628) ASA FLEMING
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(629) TRACIE FOGELSON
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(630) MAUREEN FRANCIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(631) ROBERT FREEMAN
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(632) INGE FRERICHS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(633) VIRGIL FRIZZELL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(634) ANJANETTE FRYE
 
Presidential Appointee: Real Estate Specialty Representative
 1.00
.......................0 		X           0 0 0
(635) MARY FUNK
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(636) JAMES GAMBLE
 
State President
 1.00
.......................0 		X           0 0 0
(637) GREG GLOSSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(638) MAXINE GOODHUE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(639) AMY GRAHAM
 
State President
 1.00
.......................0 		X           0 0 0
(640) JOSEPH GREENBLATT
 
Affiliate President/IREM
 1.00
.......................0 		X           0 0 0
(641) JULIE GREENWOOD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(642) MARIE GRISMER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(643) KATHY HADDOCK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(644) KATHY HALL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(645) MATTHEW HALPERIN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(646) BERTON HAMAMOTO
 
State Leadership Idea Exchange Council - Medium State Representative
 1.00
.......................0 		X           0 0 0
(647) LENNY HARRIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(648) BJ HARRIS
 
Regional Vice President
 1.00
.......................0 		X           0 0 0
(649) HENRY HARRISON
 
State President
 1.00
.......................0 		X           0 0 0
(650) GAIL HARTNETT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(651) MICHELLE HATMAKER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(652) MARK HAYWARD
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(653) DEBORAH HEFFERNAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(654) RODNEY HELM
 
State President
 1.00
.......................0 		X           0 0 0
(655) C DALE HILLARD
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(656) MIKE HILLIS
 
Affiliate President/SIOR
 1.00
.......................0 		X           0 0 0
(657) MATT HILTON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(658) JAMIE HOLT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(659) LUIS HONG
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(660) Hideiaki Hounma
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(661) KENNETH HUBBLE
 
Local Leadership Idea Exchange Council - Chair
 1.00
.......................0 		X           0 0 0
(662) MICHAEL HUGHES
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(663) RONALD HUGHES
 
State President
 1.00
.......................0 		X           0 0 0
(664) PETER HUNT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(665) CAROLINA JEMISON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(666) JO JENKINS
 
State Leadership Idea Exchange Council- Small State Representative
 1.00
.......................0 		X           0 0 0
(667) CAREY JENSEN
 
State Leadership Idea Exchange Council- Small State Representative
 1.00
.......................0 		X           0 0 0
(668) MARVIN JOLLY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(669) BARBARA JORDAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(670) KENNETH JOYNER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(671) JANET JUDD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(672) KEITH KELLEY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(673) JO KENNEY
 
Affiliate President/WCR
 1.00
.......................0 		X           0 0 0
(674) DREW KESSLER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(675) ROBERT KEVANE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(676) LESLIE KILPATRICK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(677) SUE KLIMA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(678) MARK KOTTMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(679) THOMAS KRETTLER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(680) DANIEL KRUSE
 
State President
 1.00
.......................0 		X           0 0 0
(681) JIMMY LA PETER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(682) WILLIAM LADD
 
State President
 1.00
.......................0 		X           0 0 0
(683) J KARL LANDRENEAU
 
Affiliate President/CCIM
 1.00
.......................0 		X           0 0 0
(684) BRUCE LANE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(685) STEVEN LANE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(686) ROBERT LARSON
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(687) JEREMY LEHMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(688) KAREN LEONARDI
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(689) KEVIN LEVENT
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(690) LAURA LEYSER
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(691) LOUIS LOLLIO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(692) WILLIAM LUCKS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(693) MILTON LUSTNAUER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(694) JASON MADIEDO
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(695) PEG MANCUSO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(696) SCOTT MATTHIAS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(697) WALTER MC DONALD
 
Past President
 1.00
.......................0 		X           0 0 0
(698) GEORGE MCGILLIARD
 
State President
 1.00
.......................0 		X           0 0 0
(699) JULIE MEIER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(700) MATTHEW MEISTER
 
State President
 1.00
.......................0 		X           0 0 0
(701) CORWYN MELETTE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(702) REBECCA MEREDITH
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(703) THERESA MILLIKEN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(704) JULIA MINTO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(705) BRAD MONROE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(706) PAULA MONTHOFER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(707) GLENN MOORE
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(708) MARGARET MORRIS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(709) JOSEPH MOSHE
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(710) ANGIE NELDEN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(711) NANCY NEWMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(712) DANIEL O NEILL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(713) KAREN O'DONNELL
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(714) PIERO ORSI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(715) ANN MARIE PALLISTER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(716) KENNETH PARCHMAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(717) DAN PARMER
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(718) SANDYLEE PASQUALE
 
State President
 1.00
.......................0 		X           0 0 0
(719) NELS PETERSEN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(720) ALBERT PICCHI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(721) PATRICIA PITOCCHI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(722) NIKKI POLYCHRON
 
Local Leadership Idea Exchage Council- Small Board Representative
 1.00
.......................0 		X           0 0 0
(723) JAMES PORRITT
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(724) MARION PROFFITT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(725) DR PSN RAO
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(726) CHRIS REESE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(727) LIZA REYES
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(728) RANDY REYNOLDS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(729) AMY RHODES
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(730) HUGH RIDER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(731) MATTHEW RITCHIE
 
State President
 1.00
.......................0 		X           0 0 0
(732) BONNIE ROBERTS-BURKE
 
State President
 1.00
.......................0 		X           0 0 0
(733) T DAVID ROGERS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(734) CHRIS ROST
 
State President
 1.00
.......................0 		X           0 0 0
(735) CHRISTIE ROTHSCHILD
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(736) JOLON RUCH
 
State President
 1.00
.......................0 		X           0 0 0
(737) ADAM RUIZ
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(738) MARY ALICE RUPPERT
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(739) CARL SAN MIGUEL
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(740) DAREN SAUTTER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(741) SANDRA SCHEDE
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(742) CHRISTIAN SCHLUETER
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(743) PATRICK SHEA
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(744) JOSEPH SHEEHAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(745) KRYSTAL SHERRY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(746) NOAH SHLAES
 
Affiliate President/CRE
 1.00
.......................0 		X           0 0 0
(747) JANICE SHOWS
 
State President
 1.00
.......................0 		X           0 0 0
(748) RONALD SHUFFIELD
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(749) ANGELA SICOLI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(750) JO-ANN SLOAN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(751) ED SMITH
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(752) JAMES SMITH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(753) NANCY SMITH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(754) JEFFREY SMITH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(755) RANDAL SMITH
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(756) RICK SOUTHWICK
 
State President
 1.00
.......................0 		X           0 0 0
(757) MELISSA STAGERS
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(758) HAGAN STONE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(759) CHRIS STORY
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(760) PATRICIA SZEGO
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(761) EUGENE SZPEINSKI
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(762) ANGIE TALLANT
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(763) RITA TAYENAKA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(764) CHRISTOPHER TELLO
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(765) MARY TERRY
 
State President
 1.00
.......................0 		X           0 0 0
(766) DIANE THURBER-WAMSLEY
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(767) LOYDA TORRES - FONTNEZ
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(768) SONIA TORRES RIVERA
 
State President
 1.00
.......................0 		X           0 0 0
(769) BARBARA TRIA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(770) RICHARD TUCKER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(771) TODD UMBENHAUER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(772) TANYA VANBLAKE-COLEMAN
 
State President
 1.00
.......................0 		X           0 0 0
(773) IRMA VARGAS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(774) MARY VASTOLA
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(775) MICHAEL VERDONE
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(776) SUE WALSH
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(777) DUANE WASHKOWIAK
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(778) PAT WATTAM
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(779) DOYLE WEBB
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(780) MARK WEHNER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(781) MICHAEL WELLSMORE
 
Presidential Appointee: Outside Organization Representative
 1.00
.......................0 		X           0 0 0
(782) CRAIG WILBURN
 
State Leadership Idea Exchange Council- Large State Representative
 1.00
.......................0 		X           0 0 0
(783) MARGO WILLIS
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(784) JOHN WINTHER
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(785) GEORGE WONICA
 
State Allocated Director
 1.00
.......................0 		X           0 0 0
(786) GEOFF WOOD
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(787) GWENDOLYN WYNN
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(788) KR ZABIELSKI
 
Large Firm Representative
 1.00
.......................0 		X           0 0 0
(789) PAT ZIGGY ZICARELLI
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(790) CHRISTOPHER ZOLLER
 
Large Board Representative
 1.00
.......................0 		X           0 0 0
(791) DALE STINTON
 
CEO
 35.50
.......................2.00 		    X       1,601,202 0 37,524
(792) JOHN PIERPOINT
 
VP FINANCE AND COMPTROLLER
 37.00
.......................0.50 		      X     356,028 0 37,524
(793) BOB GOLDBERG
 
SVP MARKETING AND BUS DEV
 37.50
.......................2.00 		      X     736,783 0 37,524
(794) DOUG HINDERER
 
SVP HUMAN RESOURCES
 37.50
.......................0 		      X     437,659 0 37,524
(795) WALT WITEK
 
SVP COMMUNITY & POL AFFAIRS
 37.50
.......................0 		      X     523,281 0 37,524
(796) KATIE JOHNSON
 
SVP General Counsel
 37.50
.......................0 		      X     337,661 0 37,524
(797) STEPHANIE SINGER
 
SVP Communications
 37.50
.......................0 		        X   264,893 0 37,524
(798) JERRY GIOVANIELLO
 
SVP GOVT AFFAIRS
 37.50
.......................0 		        X   561,400 0 37,524
(799) LAWRENCE YUN
 
SVP CHIEF ECONOMIST
 37.50
.......................0 		        X   475,959 0 37,524
(800) MARK LESSWING
 
SVP CHIEF TECH OFFICER
 37.50
.......................0 		        X   459,114 0 37,524
(801) JANET BRANTON
 
SVP Global Business
 37.50
.......................0 		        X   360,512 0 37,524
(802) LAURENE JANIK
 
FORMER SVP GENERAL COUNSEL
 0.00
.......................0.00 		          X 298,112 0 37,524
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 7,566,117 0 450,288
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet136
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
THE MOST ORGANIZATION

25 ENTERPRISE STE 250
ALISO,CA92656 		REALTOR MARKETING & BRANDING 34,132,075
TARGET SMART COMMUNICATIONS LLC

845 PAT LN
ARNOLD,IL21032 		CONSULT & DIRECT MAILINGS SERV 13,585,470
WILLIAMSGERARD PRODUCTIONS

420 N WABASH
CHICAGO,IL60611 		EVENT PLANNING AND MANAGEMENT 1,276,792
ARISTOTLE

205 PENNSYLVANIA AVE SE
WASHINGTON,DC20003 		DATA MANAGEMENT 1,259,025
COBALT

2800 EISENHOWER AVE
ALEXANDRIA,VA22314 		DATA MANAGEMENT 1,210,673
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet136
Form 990 (2014)
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 0
Program Service RevenueAmt Business Code
2a MEMBER DUES 900099 162,205,161 162,205,161    
b CONVENTIONS 900099 9,755,036 9,755,036    
c ADVERTISING & SUBSCRIPTIONS 541800 5,397,134 173,010 5,224,124  
d GOVERNMENT AFFAIRS 900099 2,778,349 2,778,349    
e PUBLICATIONS & SERV. MATERIALS 900099 509,651 509,651    
f All other program service revenue . 3,430,490 3,430,490 0 0
g Total. Add lines 2a–2f........MediumBullet 184,075,821
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 4,751,636   1,423,274 3,328,362
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties...........MediumBullet 3,853,576     3,853,576
(i) Real (ii) Personal
6a Gross rents 7,939,187  
b Less: rental expenses 6,890,245  
c Rental income or (loss) 1,048,942 0
d Net rental income or (loss).......MediumBullet 1,048,942   603,724 445,218
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 79,003,008 820
b Less: cost or other basis and sales expenses 64,862,122 26
c Gain or (loss) 14,140,886 794
d Net gain or (loss)..........MediumBullet 14,141,680     14,141,680
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a INCOME FROM CONTROLLED ENTITIES 900003 261,711   261,711  
b INCOME FROM CONTROLLED ENTITIES - ROYALTIES 900003 211,646   211,646  
c            
d All other revenue .... 427,456 385,479 41,977 0
e Total. Add lines 11a–11d ...... MediumBullet 900,813
12 Total revenue. See Instructions......MediumBullet 208,772,468 179,237,176 7,766,456 21,768,836
Form 990 (2014)
Form 990 (2014)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 .... 213,385  
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ....    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............    
4 Benefits paid to or for members ....    
5 Compensation of current officers, directors, trustees, and key employees .... 4,324,710      
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages .... 35,940,838      
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 2,908,906      
9 Other employee benefits ....... 4,782,737      
10 Payroll taxes ........... 2,626,434      
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 2,171,744      
c Accounting ........... 329,452      
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ...... 217,026      
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) .... 19,061,778 0 0 0
12 Advertising and promotion .... 38,292,283      
13 Office expenses ....... 10,553,121      
14 Information technology ...... 11,446,209      
15 Royalties ..        
16 Occupancy ........... 358,347      
17 Travel ............ 9,093,127      
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 7,967,341      
20 Interest ........... 207,021      
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 3,850,110      
23 Insurance .............. 1,703,034      
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a PUBLIC POLICY EXPENSES 19,066,364      
b TAXES 5,204,973      
c MAINTENANCE AND REPAIRS 2,790,985      
d RPR MEMBER SERVICES COSTS 9,307,619      
e All other expenses 2,784,617 0 0 0
25 Total functional expenses. Add lines 1 through 24e 195,202,161 0 0 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2014)
Form 990 (2014)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing .............   1  
2 Savings and temporary cash investments ......... 50,818,221 2 48,462,316
3 Pledges and grants receivable, net ...........   3  
4 Accounts receivable, net ............. 1,642,007 4 1,749,197
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
0 6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges .......... 2,287,834 9 2,880,647
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 152,816,751
b Less: accumulated depreciation ..... 10b 92,883,168 63,318,463 10c 59,933,583
11 Investments—publicly traded securities .......... 113,982,805 11 94,962,452
12 Investments—other securities. See Part IV, line 11 ..... 6,308,988 12 5,995,167
13 Investments—program-related. See Part IV, line 11 ..... 48,733,146 13 72,014,000
14 Intangible assets ............... 5,074,927 14 4,222,687
15 Other assets. See Part IV, line 11 ........... 2,572,476 15 4,727,342
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 294,738,867 16 294,947,391
Liabilities 17 Accounts payable and accrued expenses ......... 47,775,381 17 49,192,175
18 Grants payable .................   18  
19 Deferred revenue ................ 45,758,233 19 54,052,275
20 Tax-exempt bond liabilities ............. 0 20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L.......... 0 22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties .... 15,750,000 24 14,000,000
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 2,078,204 25 2,271,548
26 Total liabilities. Add lines 17 through 25......... 111,361,818 26 119,515,998
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. 183,377,049 27 175,431,393
28 Temporarily restricted net assets ...........   28  
29 Permanently restricted net assets ...........   29  
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... 183,377,049 33 175,431,393
34 Total liabilities and net assets/fund balances ........ 294,738,867 34 294,947,391
Form 990 (2014)
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
208,772,468
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
195,202,161
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
13,570,307
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
183,377,049
5
Net unrealized gains (losses) on investments ...............
5
-9,595,112
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-11,900,851
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
175,431,393
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? .................
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2014)
Form 990 (2014)
Page 13
Form 990, Special Condition Description:
Special Condition Description
Form 990 (2014)
Form 990 (2014)
Page 14
Additional Data


Software ID: 14000329
Software Version: 2014v1.0
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
If the organization answered "Yes" to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
National Association of Realtors
 
Employer identification number

36-1520690
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$ 0
3
Volunteer hours ........................................
0

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$ 0
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$ 0
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$ 0
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
(1) NAR FUND
  		430 N MICHIGAN
CHICAGO,IL60611 		26-1725187 0 9,440,000
(2) NAR CONGRESSIONAL FUND
  		430 N MICHIGAN
CHICAGO,IL60611 		27-3388377 0 10,060,793








For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2014

Schedule C (Form 990 or 990-EZ) 2014
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2014


Schedule C (Form 990 or 990-EZ) 2014
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? ..........................
 
 
 
j
Total. Add lines 1c through 1i ...............................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
No
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
 
No
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
Yes
 
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
162,205,161
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
54,971,792
b
Carryover from last year ....................................
2b
-6,251,938
c
Total ............................................
2c
48,719,854
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
54,926,452
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
0
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
-6,206,598
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C, Part I-A, Line 1 DESCRIPTION OF POLITICAL CAMPAIGN ACTIVITIES THE ORGANIZATION COLLECTS MEMBER DUES EARMARKED FOR A SEPARATE SEGREGATED FUND AND PROMPTLY AND DIRECTLY TRANSFERS THEM TO THAT FUND. AS SUCH, A DETAILED DESCRIPTION OF DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES IS NOT APPLICABLE.
Schedule C (Form 990 or 990EZ) 2014

Additional Data


Software ID: 14000329
Software Version: 2014v1.0

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
National Association of Realtors
 
Employer identification number

36-1520690
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance .... 66,031,387 58,360,127 52,069,237 48,455,324 34,936,973
b Contributions ........ 14,228,012 7,671,260 6,290,890 3,613,913 13,518,351
c Net investment earnings, gains, and losses          
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses ....          
g End of year balance ...... 80,259,399 66,031,387 58,360,127 52,069,237 48,455,324
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet100 %
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
 
No
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   19,212,875 19,212,875
b Buildings ................   45,241,800 15,340,706 29,901,094
c Leasehold improvements ............   41,376,599 33,663,450 7,713,149
d Equipment ................   46,808,510 43,879,012 2,929,498
e Other .................   176,967   176,967
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 59,933,583
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value
(1) INVST - NARBAC 34,253,746 C
(2) INVST - REALTORS RELIEF FDN 2,028,791 C
(3) INVST - REALTORS INFO NETWORK 17,604,474 C
(4) INVST - Council for Specialized Realtor Education 18,126,989 C





Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet 72,014,000
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  
Deferred Compensation 2,271,548








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 2,271,548
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1  
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d ..................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c  
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5  
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1  
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d  
e Add lines 2a through 2d...................... 2e  
3 Subtract line 2e from line 1..................... 3  
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c  
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5  
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
Schedule D, Part V, Line 4 Intended uses of endowment funds The amounts in the quasi-endowment are unrestricted net assets designated for special purposes and activities as authorized by the Board of Directors. As of December 31, 2014, this amount includes monies for budgeted core reserves, REALTOR Party carryover funds and consumer advertising campaign funds.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Association and its consolidated and combined entities follow guidance issued by the FASB with respect to accounting for uncertainty in income taxes. A tax position is recognized as a benefit only if it is "more likely than not" that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the "more likely than not" test, no tax benefit is recorded. The Association recognizes interest and penalties related to unrecognized tax benefits in interest and income tax expense, respectively. The Association has no amounts accrued for interest or penalties as of December 31, 2014 and 2013.
Schedule D (Form 990) 2014

Additional Data


Software ID: 14000329
Software Version: 2014v1.0




SCHEDULE F(Form 990)
Department of the Treasury
Internal Revenue Service
Statement of Activities Outside the United States
Right pointing arrow large image Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16.Right pointing arrow large image Attach to Form 990.Right pointing arrow large image Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
National Association of Realtors
 
Employer identification number

36-1520690
Part I
General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.
1
For grantmakers. Does the organization maintain records to substantiate the amount of its grants
and other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria
used to award the grants or assistance? ...........................
2
For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.
3
Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)
(a) Region (b) Number of offices in the region (c) Number of employees, agents, and independent contractors in region (d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region) (e) If activity listed in (d) is a program service, describe specific type of
service(s) in region		 (f) Total expenditures
for and investments
in region
Europe (Including Iceland and Greenland) 0 0 Program Services NAR REPRESENTATION AT AND PARTICIPATION IN THE FIABCI WORLD CONGRESS MEETINGS. 93,738
East Asia and the Pacific 0 0 Program Services NAR REPRESENTATION AT GLOBAL REAL ESTATE SUMMIT 15,032
Europe (Including Iceland and Greenland) 0 0 Program Services NAR REPRESENTATION AT THE LARGE COMMERCIAL PROPERTY EXPO. IN FRANCE. 32,849
Central America and the Caribbean 0 0 Investments PASSIVE INVESTMENTS 4,404,537
North America (Canada & Mexico only) 0 0 Investments PASSIVE INVESTMENTS 943,453
North America (Canada & Mexico only) 0 0 Program Services NAR REPRESENTATION AT AND PARTICIPATION IN CANADIAN REAL ESTATE ASSOCIATION MEETINGS. 20,506
Central America and the Caribbean 0 0 Program Services NAR STUDY TOUR TO MEET WITH CUBAN REAL ESTATE PROFESSIONALS AND ATTORNEYS TO ASSESS TRANSACTION AND BUSINESS PRACTICES. 69,692
Central America and the Caribbean 0 0 Program Services SIGNING OF AGREEMENT WITH NEW DOMINICAN REPUBLIC PARTNER AND PARTICIPATION IN THE INTERNATIONAL REALTOR MEMBER CEREMONY. 10,035
South America 0 0 Program Services NAR REPRESENTATION AT THE PERU RE CONFERENCE. 20,026
Europe (Including Iceland and Greenland) 0 0 Program Services NAR STUDY TOUR TO MEET WITH AUSTRALIAN REAL ESTATE PROFESSIONALS. 101,925
Europe (Including Iceland and Greenland) 0 0 Program Services NAR REPRESENTATION AT AND PARTICIPATION IN EXPO REAL COMMERCIAL TRADE SHOW. 50,959
Europe (Including Iceland and Greenland) 0 0 Program Services NAR REPRESENTATION AT KVL FINLAND CONFERENCE. 32,728
Europe (Including Iceland and Greenland) 0 0 Program Services NAR REPRESENTATION AT ANNUAL MEETING OF FRENCH COOPERATING ASSOCIATION. 44,519
           
           
           
           
3a Sub-total ..... 0 0 5,839,999
b Total from continuation sheets to Part I ... 0 0 0
c Totals (add lines 3a and 3b) 0 0 5,839,999
For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 2
Part II
Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.
1 (a) Name of organization (b) IRS code section
and EIN (if applicable)		 (a)(c) Region (b)(d) Purpose of
grant 		(e) Amount of
cash grant 		(f) Manner of
cash
disbursement 		(g) Amount
of non-cash
assistance 		(h) Description
of non-cash
assistance 		(i) Method of
valuation
(book, FMV,
appraisal, other)
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
             
2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter ....MediumBullet
 
3
Enter total number of other organizations or entities .......................MediumBullet
 
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014Page 3
Part III
Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.
Part III can be duplicated if additional space is needed.
(a) Type of grant or assistance (b) Region (c) Number of recipients (d) Amount of
cash grant 		(e) Manner of cash
disbursement 		(f) Amount of
non-cash
assistance 		(g) Description
of non-cash
assistance 		(h) Method of
valuation
(book, FMV,
appraisal, other)
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
               
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 4
Part IV
Foreign Forms
1 Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926)......................................
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A; do not file with Form 990)............................
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471)..............................
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621)...............................................
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865)....................................
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report (see Instructions for Form 5713; do not file with Form 990).....................................
Schedule F (Form 990) 2014
Schedule F (Form 990) 2014
Page 5
Part V
Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).
ReturnReference Explanation
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
Schedule F (Form 990) 2014
Additional Data


Software ID: 14000329
Software Version: 2014v1.0



Schedule I
(Form 990)
Department of the Treasury
Internal Revenue Service
Grants and Other Assistance to Organizations,
Governments and Individuals in the United States
Complete if the organization answered "Yes," to Form 990, Part IV, line 21 or 22.
lBullet Attach to Form 990.
lBullet Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
National Association of Realtors
 
Employer identification number
36-1520690
Part I
General Information on Grants and Assistance
1
Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ....................................
2
Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.
Part II
Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" to
Form 990, Part IV, line 21, for any recipient that received more than $5,000. Part II can be duplicated if additional space is needed.
(a) Name and address of organization
or government		 (b) EIN (c) IRC section
if applicable		 (d) Amount of cash grant (e) Amount of non-cash
assistance		 (f) Method of valuation
(book, FMV, appraisal,
other)		 (g) Description of
non-cash assistance		 (h) Purpose of grant
or assistance
(1) REALTOR UNIVERSITY
430 N MICHIGAN
CHICAGO,IL60611 		45-2102449 501(C)3 150,000 0 NA NA EDUCATIONAL SUPPORT
(2) HABITAT FOR HUMANITY
2900 ELYSIAN FIELDS AVE
NEW ORLEANS,LA70122 		72-0973161 501(C)3 42,500 0 NA NA HOUSING ASSISTANCE




















2
Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................ Bullet Image
2
3
Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image
0
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50055P
Schedule I (Form 990) 2014

Schedule I (Form 990) 2014
Page 2
Part III
Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" to Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.
(a)Type of grant or assistance (b)Number of
recipients		 (c)Amount of
cash grant		 (d)Amount of
non-cash assistance		 (e)Method of valuation (book,
FMV, appraisal, other)		 (f)Description of non-cash assistance












Part IV
Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.
Return Reference Explanation
Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds Grants are made to organizations to support their various exempt activities. Any funds donated for specific projects are monitored on an as needed basis to ensure that funds are used for their intended purpose.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. Grants are made to organizations to support their various exempt activities. Any funds donated for specific projects are monitored on an as needed basis to ensure that funds are used for their intended purpose.
Schedule I (Form 990) 2014


Additional Data


Software ID: 14000329
Software Version: 2014v1.0


Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
National Association of Realtors
 
Employer identification number

36-1520690
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
Yes
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
Yes
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
 
b
Any related organization? .........................
5b
 
 
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
 
b
Any related organization? .........................
6b
 
 
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
 
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column(B) reported as deferred in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1CHRIS POLYCHRON
  PRESIDENT-ELECT 		(i)
(ii)		 259,846
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		259,846
...............................
0 		0
...............................
0
2STEVE BROWN
  PRESIDENT 		(i)
(ii)		 0
...............................
0 		0
...............................
0 		401,295
...............................
0 		0
...............................
0 		0
...............................
0 		401,295
...............................
0 		0
...............................
0
3MICHAEL MCGREW
  TREASURER 		(i)
(ii)		 168,473
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		168,473
...............................
0 		0
...............................
0
4THOMAS SALOMONE
  FIRST VICE PRESIDENT 		(i)
(ii)		 169,471
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		0
...............................
0 		169,471
...............................
0 		0
...............................
0
5LAURENE JANIK
  FORMER SVP GENERAL COUNSEL 		(i)
(ii)		 296,379
...............................
0 		0
...............................
0 		1,733
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		335,636
...............................
0 		0
...............................
0
6DALE STINTON
  CEO 		(i)
(ii)		 1,595,138
...............................
0 		520
...............................
0 		5,544
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		1,638,726
...............................
0 		0
...............................
0
7JOHN PIERPOINT
  VP FINANCE AND COMPTROLLER 		(i)
(ii)		 275,727
...............................
0 		77,298
...............................
0 		3,003
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		393,552
...............................
0 		0
...............................
0
8BOB GOLDBERG
  SVP MARKETING AND BUS DEV 		(i)
(ii)		 504,486
...............................
0 		228,685
...............................
0 		3,612
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		774,307
...............................
0 		0
...............................
0
9DOUG HINDERER
  SVP HUMAN RESOURCES 		(i)
(ii)		 337,090
...............................
0 		96,957
...............................
0 		3,612
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		475,183
...............................
0 		0
...............................
0
10WALT WITEK
  SVP COMMUNITY & POL AFFAIRS 		(i)
(ii)		 399,804
...............................
0 		117,933
...............................
0 		5,544
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		560,805
...............................
0 		0
...............................
0
11KATIE JOHNSON
  SVP General Counsel 		(i)
(ii)		 231,552
...............................
0 		105,920
...............................
0 		189
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		375,185
...............................
0 		0
...............................
0
12STEPHANIE SINGER
  SVP Communications 		(i)
(ii)		 205,297
...............................
0 		46,193
...............................
0 		13,403
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		302,417
...............................
0 		0
...............................
0
13JERRY GIOVANIELLO
  SVP GOVT AFFAIRS 		(i)
(ii)		 414,290
...............................
0 		139,966
...............................
0 		7,144
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		598,924
...............................
0 		0
...............................
0
14LAWRENCE YUN
  SVP CHIEF ECONOMIST 		(i)
(ii)		 368,790
...............................
0 		104,334
...............................
0 		2,835
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		513,483
...............................
0 		0
...............................
0
15MARK LESSWING
  SVP CHIEF TECH OFFICER 		(i)
(ii)		 365,440
...............................
0 		90,062
...............................
0 		3,612
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		496,638
...............................
0 		0
...............................
0
16JANET BRANTON
  SVP Global Business 		(i)
(ii)		 282,323
...............................
0 		72,645
...............................
0 		5,544
...............................
0 		26,000
...............................
0 		11,524
...............................
0 		398,036
...............................
0 		0
...............................
0
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
Schedule J, Part I, Line 1a First-class or charter travel Interested persons listed on Part VII, Section A, Line 1a have received or have the option to receive the benefits identified on Schedule J, Part I, Line 1a. These benefits include companion travel and tax indemnification and gross up payments. For some, benefits also include first-class air travel, as well as payments for health and social club dues. As a national association serving more than 1,000,000 members, NAR requires extensive travel for individuals holding the responsibility of an Officer of the Board of Directors or a Senior Vice President (SVP). This travel requirement ranges from 2 to 6 trips a month and, in some cases, in excess of 200 days a year per Officer or SVP. NAR reviews all benefits provided to interested persons, and where appropriate, additional taxable compensation is imputed.
Schedule J, Part I, Line 1a Travel for companions See narrative above.
Schedule J, Part I, Line 1a Tax indemnification and gross-up payments See narrative above.
Schedule J, Part I, Line 1a Payments for business use of personal residence See narrative above.
Schedule J, Part I, Line 1a Health or social club dues or initiation fees See narrative above.
Schedule J, Part I, Line 1a Personal services During 2014, NAR paid for tax services related to the preparation of the CEO's personal income tax return. NAR also paid for tax or legal services for certain Senior Vice Presidents of the organization. The related benefits were treated as taxable compensation to the recipients.
Schedule J (Form 990) 2014

Additional Data


Software ID: 14000329
Software Version: 2014v1.0
Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ.
MediumBulletInformation about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
National Association of Realtors
 
Employer identification number

36-1520690
Part I
Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Relationship between disqualified person and organization (c) Description of transaction (d) Corrected?
Yes No





2
Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22
(a) Name of interested person (b) Relationship with organization (c) Purpose of loan (d) Loan to or from the organization? (e)Original principal amount (f)Balance due (g) In default? (h) Approved by board or committee? (i)Written agreement?
To From Yes No Yes No Yes No
Total ......Small Bullet $  
Part III
Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of assistance (d) Type of assistance (e) Purpose of assistance
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2014
Schedule L (Form 990 or 990-EZ) 2014
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) GREG STINTON
  		FAMILY MEMBER- D. STINTON 73,886 NAR EMPLOYEE   No
Part V
Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).
Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2014

Additional Data


Software ID: 14000329
Software Version: 2014v1.0




SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
National Association of Realtors
 
Employer identification number

36-1520690
Return Reference Explanation
Form 990, Part VI, Line 15b PROCESS USED TO DETERMINE COMPENSATION NAR USES AN OUTSIDE COMPENSATION CONSULTANT TO HELP DETERMINE THE COMPENSATION PACKAGES FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES. ONCE NAR'S INDEPENDENT COMPENSATION CONSULTANT DETERMINES THE FINAL COMPENSATION PACKAGES FOR THE ORGANIZATION'S OTHER OFFICERS AND KEY EMPLOYEES, THEY ARE REVIEWED AND APPROVED BY THE CEO. IN SUBSEQUENT YEARS, THE ORGANIZATION WILL USE AN INDEPENDENT CONSULTANT ON AN AS NEEDED BASIS. THIS PROCESS WAS LAST UNDERTAKEN IN THE FOURTH QUARTER OF 2011 FOR THE 2012 COMPENSATION PACKAGES FOR THE POSITIONS OF: *VP FINANCE & COMPTROLLER, *SVP COMMUNICATIONS, *SVP & GENERAL COUNSEL, *SVP HUMAN RESOURCES & OFFICE SERVICES, *SVP MARKETING & BUSINESS DEVELOPMENT.
Form 990, Part VI, Line 6 Members or Stockholders Per the instructions to the Form 990, a member, as referred to in Part VI, Line 6, is defined as any person who has the right to: 1. Elect the members of the governing body (but not if the members of the governing body are the organization's only members) or their delegates; 2. Approve or deny significant decisions of the governing body; or 3. Receive a share of the organization's profits or excess dues or a share of the organization's net assets upon the organization's dissolution. NAR's members do not possess the kinds of rights outlined above. As such, the organization has checked "no" to the respective questions in the Form 990, Part VI, Lines 6 through 7b.
Form 990, Part VI, Line 14 Retention and destruction policy Currently, many divisions and departments of NAR have procedures in place for document retention and destruction. Furthermore, the Legal, Finance and Human Resources divisions all have specific procedures and policies in place to ensure the proper retention and destruction of documents.
Form 990, Part VI, Line 1a Delegate broad authority to a committee The organization's board delegates authority to act on behalf of the governing body to the executive committee. The executive committee shall consist of the President; the President-Elect; the First Vice President; the Treasurer; the Regional Vice Presidents; the immediate Past President; the Past President twice-removed; the Vice President and Liaison to Committees; the Vice President and Liaison to Government Affairs; four other Past Presidents; twelve members who have not served as President; two members from the Real Estate Services Advisory Board; one Member Board Executive Officer; and one appointee of each of the Institutes, Societies and Councils of the National Association. The Political Fundraising Chairman and the Member Mobilization Chairman shall also serve as non-voting members of the Executive Committee. The President shall appoint, each year, two Past Presidents to serve two year terms, to succeed those whose terms expire. At the meeting of the Board of Directors during the National Convention, the President-elect shall submit to the Board of Directors six nominees, at least four of whom are Directors, one of whom may be a member who has previously served as a Director, and one of whom may be a member who has not previously served as a Director, to serve as members of the Executive Committee. The Board of Directors shall elect members of the Executive Committee from such nominations. The Executive Committee shall conduct the affairs of the National Association in accordance with the policies and instruction of the Board of Directors. The Executive Committee shall meet on the call of the President, the Board of Directors or any eleven of its members. The President shall act as Chairman of the Executive Committee. Seventeen members shall constitute a quorum. A Member who has served as a member of the Executive Committee for terms aggregating twenty (20) years shall be a member of the Executive Committee for life unless sooner terminated by resignation from the Committee or the National Association.
Form 990, Part VI, Line 2 Family/business relationships amongst interested persons MAURICE VEISSI - Family relationship, MADELINE VEISSI - Family relationship, ROBERT GOLDBERG - Business relationship, MARTIN EDWARDS - Business relationship, DON ASHER - Family relationship, STEVE ASHER - Family relationship, MARIO ARRIAGA - Family relationship, ADRIAN ARRIAGA - Family relationship, NORMAN FLYNN - Family relationship, MICHAEL FLYNN - Family relationship, OWEN HALL - Family relationship, CHRISTOPHER HALL - Family relationship, TIM HARRIS - Family relationship, TINA HARRIS - Family relationship, LARRY KEATING - Family relationship, SHARON KEATING - Family relationship, ELIZABETH MENDENHALL - Family relationship, RICHARD MENDENHALL - Family relationship, JONATHAN HALL - Family relationship, BENJAMIN ANDERSON - Family relationship, IAN ANDERSON - Family relationship, STEPHEN CASPER - Family relationship, MEG CASPER - Family relationship, STUART ELSEA - Family relationship, DANIEL ELSEA - Family relationship, CAREY JENSEN - Family relationship, PATRICIA JENSEN - Family relationship, LINDA LEE - Family relationship, KARL LEE - Family relationship, BRUCE WILLIAMS - Family relationship, MARY WILLIAMS - Family relationship, JOSEPH BROWN - Family relationship, KEVIN BROWN - Family relationship, MICHAEL FORD - Family relationship, GREGORY FORD - Family relationship
Form 990, Part VI, Line 11b Review of form 990 by governing body The National Association of Realtors' Form 990 review process included: 1) A detailed review by the CEO, Treasurer and Comptroller of the organization; 2) A review by the organization's finance committee, including a presentation by the paid tax preparer; and 3) A Finance Committee report to the Executive Committee and Board of Directors.
Form 990, Part VI, Line 12c Conflict of interest policy On an annual basis, the executive committee of the board of directors, officers, and key employees of NATIONAL ASSOCIATION OF REALTORS (NAR) receive a copy of the conflict of interest policy. This policy requires them to disclose annually interests that could give rise to potential or actual conflicts. Any potential or actual conflicts of interest are reviewed and evaluated by the NAR legal department, followed up on by the Association's General Counsel, and shared with NAR's Leadership. NAR's leadership determines the appropriate steps necessary to alleviate, monitor, and deal with conflicts, such as restricting the actions of persons with a conflict by prohibiting them from participating in the governing body's deliberations and decisions for a particular transaction.
Form 990, Part VI, Line 15a Process to establish compensation of top management official NAR relies on a Compensation Team to determine, review, and approve the compensation of the CEO. The team consists of the following NAR independent board members: President and Treasurer. Additionally, the compensation team is supported by NAR's Senior Vice President of Human Resources. Comparability data is used by the compensation team to help determine compensation. On an annual basis, the CEO has a performance evaluation which is used in part to determine any changes in pay (ex. bonuses and merit increases). The deliberations and decision making with respect to the CEO's compensation are documented on a timely basis by the compensation team. The process for determining the compensation of the organization's CEO was last undertaken in of October, 2013 for the 2014 calendar year compensation.
Form 990, Part VI, Line 19 Required documents available to the public The Governing documents are not disclosed to the public; the Conflict of interest policy is available upon request; and the financial statements are provided as deemed appropriate by the Comptroller within the guidelines of NAR's Financial Disclosure Policy.
Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: 3430490, Related or Exempt Function Revenue: 3430490, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part VIII, Line 11d Other Miscellaneous Revenue OTHER INCOME - Total Revenue: 427456, Related or Exempt Function Revenue: 385479, Unrelated Business Revenue: 41977, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
Form 990, Part XI, Line 9 Other changes in net assets or fund balances LOSS FROM INVESTMENT IN SUBSIDIARIES - -7630851; CHANGE IN RETIREMENT OBLIGATION - -4270000;
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


Software ID: 14000329
Software Version: 2014v1.0
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
National Association of Realtors
 
Employer identification number

36-1520690
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity










Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) REALTORS RELIEF FOUNDATION
430 N MICHIGAN AVE

CHICAGO,IL60611
36-4468109 		DISASTER RELIEF IL 501(c)(3 7 NAR
 
Yes
 
(2) LEONARD P REAUME MEMORIAL FOUNDATION
430 N MICHIGAN AVE

CHICAGO,IL60611
36-3495865 		EDUCATION IL 501(c)(3 PF NAR
 
Yes
 
(3) CENTER FOR SPECIALIZED REALTOR EDUCATION
430 N MICHIGAN AVE

CHICAGO,IL60611
36-4173556 		MEMBER SERVICES IL 501(c)(6   NAR
 
Yes
 
(4) REALTORS POLITICAL ACTION COMMITTEE
430 N MICHIGAN AVE

CHICAGO,IL60611
36-2795122 		POLITICAL ACTIVITY IL 527   NAR
 
Yes
 
(5) NAR FUND
430 N MICHIGAN AVE

CHICAGO,IL60611
26-1725187 		NON-FED ELECTION SUPPORT IL 527   NAR
 
Yes
 
(6) NAR CONGRESSIONAL FUND
430 N MICHIGAN AVE

CHICAGO,IL60611
27-3388377 		POLITICAL ACTIVITY IL 527   NAR
 
Yes
 
(7) REALTOR UNIVERSITY
430 N MICHIGAN

CHICAGO,IL60611
45-2102449 		EDUCATION IL 501(c)(3 2 CSRE
 
 
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) REALTORS INFORMATION NETWORK INC

430 N MICHIGAN AVE
CHICAGO,IL60611
36-3981966 		REAL ESTATE INFO IL NAR
  		C Corporation 2,117,622 17,725,132 100 % Yes  
(2) NATL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

430 N MICHIGAN AVE
CHICAGO,IL60611
20-3467306 		REAL ESTATE INFO AND SERVICES IL NAR
  		C Corporation 27,060,518 43,520,044 100 % Yes  










Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
Yes
 
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
 
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
Yes
 
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
Yes
 
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
Yes
 
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) NATIONAL ASSOCIATION OF REALTORS

 R 9,440,000 CASH
(2) NAR CONGRESSIONAL FUND

 R 10,060,793 CASH
(3) REALTORS INFORMATION NETWORK

 A 15,412 CASH
(4) REALTORS INFORMATION NETWORK

 L 224,103 CASH
(5) REALTORS INFORMATION NETWORK

 S 654,810 CASH
(6) CENTER FOR SPECIALIZED REALTOR EDUCATION

 A 137,328 CASH
(7) CENTER FOR SPECIALIZED REALTOR EDUCATION

 L 135,035 CASH
(8) CENTER FOR SPECIALIZED REALTOR EDUCATION

 S 2,371,633 CASH
(9) NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

 A 457,343 CASH
(10) NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

 L 90,050 CASH
(11) NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

 S 974,135 CASH
(12) NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

 S 9,307,000 ESTIMATED FAIR VALUE
(13) NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

 D 1,000,000 CASH
(14) NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

 S 331,000 CASH
(15) REALTORS INFORMATION NETWORK

 B 9,300,000 CASH
(16) REALTOR UNIVERSITY

 L 191,000 ESTIMATED FAIR VALUE
(17) REALTOR UNIVERSITY

 B 150,000 CASH
(18) NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

 C 150,000 CASH
(19) REALTORS INFORMATION NETWORK

 C 100,000 CASH
(20) NATIONAL ASSOCIATION OF REALTORS BUSINESS ACTIVITIES

 B 21,900,000 CASH
Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2014
Schedule R (Form 990) 2014
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
OTHER TRANSFERS OF CASH THE NATIONAL ASSOCIATION OF REALTORS (NAR) FUND HAS BEEN SET UP AS SEPARATE SEGREGATED FUNDS AS DEFINED IN REG. 1.527-2(B) AND IRC 527(F)(3). THE FUND IS TREATED AS AN INDEPENDENT POLITICAL ORGANIZATION. NAR PROMPTLY TRANSFERS MEMBERSHIP DUES DIRECTLY TO THE FUND, AND ACCORDINGLY, THESE TRANSFERS ARE NOT TREATED AS EXPENDITURES FOR EXEMPT FUNCTIONS. ADDITIONALLY, POLITICAL CONTRIBUTIONS AND MEMBERSHIP DUES ARE NOT USED TO EARN INVESTMENT INCOME.
Schedule R (Form 990) 2014
Additional Data


Software ID: 14000329
Software Version: 2014v1.0