Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| 01. MEMBERS OF STOCK HOLDERS CLASSES AND RIGHTS (PART IV, LINE6) | EACH REALTOR MEMBER HAS ONE VOTE ON MATTERS THAT REQUIRE MEMBERSHIP APPROVAL |
| 02. MEMBER ELECTION FOR ADDITIONAL MEMBERS (PART VI, LINE 7A) | REALTOR MEMBERS ARE NOTIFIED OF VACANCIES AND SENT A NOMINATION FORM ALONG WITH RECOMMENDED CRITERIA FOR THE POSITION. A NOMINATING COMMITTEE OF 7 MEMBERS IS APPOINTED BY THE PRESIDENT WITH THE APPROVAL OF THE BOARD OF DIRECTORS TO SUBMIT A SLATE OF NOMINEES BASED ON NOMINATIONS RECEIVED AND/OR BY REQUEST TO FULFILL THE OPEN POSITIONS FOR THE UPCOMING YEAR. THIS SLATE IS THEN SENT TO THE REALTOR MEMBERS WITH THE OPPORTUNITY TO SUBMIT ADDITIONAL NOMINATIONS BY PETITION. IF UNCONTESTED, THE SLATE IS APPROVED BY ACCLIMATION AT THE ANNUAL ELECTION MEETING |
| 03. GOVERNING BODY DECISIONS (PART VI, LINE 7B) | OTHER THAN ELECTION OF BOARD MEMBERS, OTHER DECISIONS THAT REQUIRE DIRECTOR APPROVAL ARE CHANGES TO THE BYLAWS THAT ARE MANDATED BY THE NATIONAL ASSOCIATION OF REALTORS, PLANNED EVENTS, CONTRACTS FOR SERVICES, EXPENDITURES LESS THAN $5000 AND ANY OTHER ISSUES AND/OR RECOMMENDATIONS THAT ARE ADDED TO THE AGENDA. A QUORUM OF AT LEAST 8 OF 14 VOTING DIRECTORS MUST BE PRESENT TO CONDUCT BUSINESS. BYLAWS CHANGES OTHER THAN THOSE MANDATED BY NAR AND EXPENDITURES GREATER THAN $5000 MUST BE APPROVED BY A MAJORITY OF REALTOR MEMBERS PRESENT AT A MEETING AT WHICH NOTIFICATION WAS GIVEN AND A QUORUM IS PRESENT. |
| 04. GOVERNING BODY MEETING DOCUMENTATION (PART VI, LINE8A) | AN ADVANCED AGENDA AND MINUTES OF THE MEETINGS ARE PREPARED FOR ALL MEETINGS. |
| 05. FORM 990 GOVERNING BODY REVIEW (PART VI, LINE 11) | THE FORM 990 IS PREPARED BY AN INDEPENDEDT ACCOUNTANT AND A COPY IS PROVIDED FOR THE GOVERNING BODY TO REVIEW BEFORE IT IS FILED. EXECUTIVE DIRECTOR REVIEWS FORM 990 PRIOR TO FILING |
| 06. CEO. EXECUTIVE DIRECTOR, TOP MANAGEMENT COMP (PART VI, LINE 15A) | AN ANNUAL PERFORMANCE REVIEW OF THE ASSOCIATION EXECUTIVE IS CONDUCTED BY THE EXECUTIVE COMMITTEE OF THE BOARD IN THEIR OCTOBER MEETING. CURRENT SALARY AND BENEFITS ALONG WITH ANY REQUESTS ARE PROVIDED BY THE AE PRIOR TO THE EXECUTIVE COMMITTEE MEETING. RECOMMENDATIONS ARE THEN SUBMITTED TO THE FULL BOARD OF DIRECTORS IN EXECUTIVE SESSION IMMEDIATELY FOLLOWING THIS MEETING AND ACTED UPON. THE BOARD PRESIDENT REVIEWS THE RESULTS WITH AE FOLLOWING THE BOARD OF DIRECTOR'S MEETING. |
| 07. FORM 990 AVAILABILITY TO PUBLIC (PART VI, LINE 18) | GOVERNING DOCUMENTS AND OTHER RECORDS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| 08. GOVERNING DOCUMENTS, ETC, AVAILABLE TO PUBLIC (PART VI, LINE19) | GOVERNING DOCUMENTS AND OTHER RECORDS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST |
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