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 6 | THE ORGANIZATION HAS SIX CLASSES OF MEMBERSHIP: GENERAL MEMBER, EXECUTIVE COUNCIL MEMBER, ASSOCIATE MEMBER, AFFILIATE MEMBER, STUDENT MEMBER, AND LEGACY MEMBER. THE CRITERIA FOR EACH CLASS OF MEMBERSHIP IS DETERMINED BY THE BOARD OF DIRECTORS. ONLY GENERAL MEMBERS, EXECUTIVE COUNCIL MEMBERS AND AFFILIATE MEMBERS IN GOOD STANDING OF THE ASSOCIATION ARE ENTITLED TO VOTE OR HOLD OFFICE. AFFILIATE MEMBERS ARE ELIGIBLE FOR POSITIONS ON THE BOARD OF DIRECTORS BUT SHALL NOT COMPRISE MORE THAN TWENTY PERCENT (20%) OF THE TOTAL BOARD MEMBERSHIP. A MEMBER IN GOOD STANDING IS ONE WHO IS: 1)EMPLOYED IN THE FIELD OF COMMERCIAL REAL ESTATE AT THE TIME MEMBERSHIP IS ESTABLISHED, AND 2) CURRENT IN PAYMENT. APPLICATIONS FOR MEMBERSHIP SHALL BE ACCEPTED AND REVIEWED BY THE BOARD OF DIRECTORS OR ITS DESIGNEE. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE ORGANIZATION ELECT MEMBERS TO THE BOARD OF DIRECTORS. THIS PROCESS TAKES PLACE EACH YEAR AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FULL FORM 990 WILL BE MADE AVAILABLE TO THE BOARD OF DIRECTORS PRIOR TO FILING. THE EXECUTIVE COMMITTEE OF THE BOARD WILL PERFORM A REVIEW OF THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, ALL MEMBERS OF THE GOVERNING BODY ARE MADE AWARE OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND THEIR DUTY TO DISCLOSE ANY CONFLICTS AS APPLICABLE. IN THE EVENT OF A CONFLICT, THE APPLICABLE BOARD MEMBER WOULD RECUSE THEMSELVES FROM VOTING AND THIS INFORMATION WOULD BE DOCUMENTED IN THE MINUTES OF THE MEETING. |
| FORM 990, PART VI, SECTION C, LINE 19 | WHILE THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OPEN TO PUBLIC INSPECTION, THE ORGANIZATION'S FORM 990 IS OPEN TO PUBLIC INSPECTION UPON REQUEST AND CONTAINS THE MAJOR PROVISIONS OF THESE OTHER DOCUMENTS. |
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