Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | TO BECOME A MEMBER AN INDIVIDUAL MUST HAVE AN ACTIVE REAL ESTATE LICENSE, JOIN A MEMBER BROKERAGE, AND FILL OUT AN APPLICATION. MEMBERS PAY PRO-RATED DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | CURRENT MEMBERS HAVE THE RIGHT TO VOTE ON WHO WILL BE ELECTED TO THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | DECISIONS SUBJECT TO APPROVAL OF MEMBERS: PURCHASES OF AN AMOUNT OVER $50,000 ARE SUBJECT TO APPROVAL BY THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11 | BEFORE THE RETURN IS PREPARED BY OUR OUTSIDE CPA FIRM, A DETAILED BACKGROUND QUESTIONNAIRE IS PREPARED. UPON COMPLETION, THE RETURN IS REVIEWED IN DETAIL BY THE EXECUTIVE DIRECTOR, THE TREASURER, AND THE GOVERNING BOARD BEFORE BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS SIGN A CONSENT ANNUALLY THAT ADDRESSES AREAS THAT ARE CONFLICTS OF INTEREST AND THE CEO MAKES BOARD MEMBERS AWARE OF ANY SITUATIONS OF PERCIEVED CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | EMPLOYMENT AND COMPENSATION SURVEYS ARE USED AND COMPARED TO SIMILAR POSITIONS WITHIN THE STATE, A PERFORMANCE REVIEW IS UTILIZED AND THE BUDGET IS TAKEN INTO CONSIDERATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO THE CEO OF THE ORGANIZATION. |
| FORM 990, PART XI, LINE 9: | NET INCOME OF SUBSIDIARY 43,945. |
| FORM 990, PART XII, LINE 2C | THE EXECUTIVE COMMITTEE HAS OVERSIGHT OF THE AUDIT PROCESS. |
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