Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 4 | THE ORGANIZATIONS BYLAWS WERE AMENDED TO 1 REQUIRE MEMBERS TO SATISFY NATIONAL ASSOCIATION OF REALTORS ETHICAL TRAINING EVERY TWO YEARS INSTEAD OF EVERY FOUR YEARS, 2 INCREASE THE JURISDICTION OF THE ORGANIZATION TO INCLUDE CASA GRANDE, AND 3 TO ADD DIRECTORS TO THE BOARD FROM CASA GRANDE. |
| Form 990, Part VI, Section A, Line 6 | THE ORGANIZATION HAS SEVERAL CLASSES OF MEMBERSHIP 1 INDIVIDUALS WHO ARE ENGAGED ACTIVELY IN THE REAL ESTATE PROFESSION AND WHO MAINTAIN OR ARE ASSOCIATED WITH AN ESTABLISHED REAL ESTATE OFFICE IN THE STATE OF ARIZONA, 2 INDIVIDUALS WHO ARE ENGAGED IN THE REAL ESTATE PROFESSION OTHER THAN AS SOLE PROPRIETORS, CORPORATE OFFICERS, OR BRANCH OFFICER MANAGERS AND MEET THE QUALIFICATIONS AS A REALTOR MEMBER, 3 FRANCHISE REALTOR MEMBERSHIP, 4 PRIMARY AND SECONDARY REALTOR MEMBERS, INDIVIDUALS FOR WHO THE ASSOCIATION PAYS STATE AND NATIONAL DUES BASED ON THE MEMBER, 5 DESIGNATED REALTOR MEMBER, AN INDIVIDUAL DESIGNATED BY EACH FIRM OR OFFICE IN THE CASE OF FIRMS WITH MULTIPLE OFFICE LOCATIONS, WHO IS RESPONSIBLE FOR ALL DUTIES AND OBLIGATIONS OF MEMBERSHIP TO THE ORGANIZATION, 6 LIFE MEMBERS, FOR THOSE INDIVIDUALS WHO HAVE HELD CONTINUOUS ACTIVE MEMBERSHIP IN THE ASSOCIATION AT LEAST 25 YEARS AND HAVE GIVEN DISTINGUISHED SERVICE TO THE ASSOCIATION, 7 INSTITUTE AFFILIATE MEMBERS, INDIVIDUALS WHO HOLD A PROFESSIONAL DESIGNATION AWARDED BY THE INSTITUTE, 8 AFFILIATE MEMBERS, REAL ESTATE OWNERS AND OTHER INDIVIDUALS OR FIRMS, WHILE NOT ENGAGED IN THE REAL ESTATE PROFESSION, HAVE INTERESTS REQUIRING INFORMATION CONCERNING REAL ESTATE, 9 PUBLIC SERVICE MEMBERS INTERESTED IN THE PROFESSION AND AFFILIATED WITH EDUCATIONAL, PUBLIC UTILITY, GOVERNMENTAL OR SIMILAR ORGANIZATIONS, 10 HONORARY MEMBERS, INDIVIDUALS NOT ENGAGED IN REAL ESTATE BUT WHO HAVE PERFORMED NOTABLE SERVICE FOR THE REAL ESTATE PROFESSION, AND 11 STUDENT MEMBERS, INDIVIDUALS SEEKING AN UNDERGRADUATE OR GRADUATE DEGREE WITH A SPECIALIZATION OR MAJOR IN REAL ESTATE AT INSTITUTIONS OF HIGHER LEARNING AND WHO HAVE COMPLETED AT LEAST TWO YEARS OF COLLEGE AND AT LEAST ONE COLLEGE LEVEL COURSE IN REAL ESTATE BUT ARE NOT ENGAGED IN THE REAL ESTATE PROFESSION ON THEIR OWN ACCOUNT. |
| Form 990, Part VI, Section A, Line 7 a b | MEMBERS IN GOOD STANDING ARE ELIGIBLE TO VOTE ON THE ORGANIZATIONS OFFICERS AND DIRECTORS. |
| Form 990, Part VI, Section B, Line 11 b | THE CEO SECRETARY OF THE ORGANIZATION DISTRIBUTES A PDF COPY OF THE 990 TO ALL BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO THE RETURN BEING FILED. |
| Form 990, Part VI, Section B, Line 12 c | AT EACH BOARD AND COMMITTEE MEETING, IF THERE IS A DISCUSSION OF SELECTING OR ENGAGING A VENDOR OR SERVICE PROVIDER, ALL IN ATTENDANCE ARE ASKED TO RECUSE THEMSELVES FROM THIS DISCUSSION IF THERE COULD BE A PERCEIVED CONFLICT. ANNUALLY, THE ORGANIZATION REVIEWS AND DISCUSSES THE CONFLICT OF INTEREST POLICY AND REQUESTS THAT EACH BOARD MEMBER LIST AND ACKNOWLEDGE ANY KNOWN CONFLICTS. |
| Form 990, Part VI, Section B, Line 15 a b | THE BOARD MAY HIRE AND COMPENSATE INDIVIDUALS FOR NECESSARY SERVICES RENDERED TO THE ORGANIZATION SO LONG AS SUCH COMPENSATION IS REASONABLE. THE BOARD SHALL DETERMINE REASONABLE COMPENSATION AMOUNTS BASED UPON COMPENSATION PAID BY SIMILARLY SITUATED NONPROFITS FOR LIKE SERVICES. THE BOARD MAY RELY UPON SALARY STUDIES, AS WELL AS DATA REGARDING COMPENSATION PAID BY AT LEAST THREE SPECIFIC PEER ORGANIZATIONS OF SIMILAR SIZE TO DETERMINE REASONABLE COMPENSATION. THE TERMS OF SUCH COMPENSATION, INFORMATION RELIED UPON TO DETERMINE THE TERMS OF ANY COMPENSATION, AND ITS SOURCE SHALL BE RECORDED IN WRITING. AN INDIVIDUAL WHO IS A VOTING MEMBER OF THE BOARD OR A COMMITTEE WITH THE BOARD DELEGATED POWERS AND WHO RECEIVES COMPENSATION, DIRECTLY OR INDIRECTLY, FROM THE FOUNDATION FOR SERVICES IS PRECLUDED FROM PARTICIPATING IN DISCUSSIONS OR VOTES PERTAINING TO THEIR OWN COMPENSATION. THE ORGANIZATION HAS NO OTHER EMPLOYEE OR OFFICER MEETING THE DEFINITION OF A KEY EMPLOYEE. |
| Form 990, Part VI, Section C, Line 19 | THE ORGANIZATION WILL PROVIDE IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHEN REQUESTED IN WRITING OR IN PERSON. |
| Software ID: | 17005317 |
| Software Version: | 18.2.0.0 |