| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 6 | THERE SHALL BE SEVEN (7) CLASSES OF MEMBERS AS FOLLOWS: (A) REALTOR MEMBERS. REALTOR MEMBERS WHETHER PRIMARY OR SECONDARY SHALL BE: (1) INDIVIDUALS WHO, AS SOLE PROPRIETORS, PARTNERS OR CORPORATE OFFICERS, OR BROKER-IN-CHARGE OR HIS/HER DESIGNEE, ARE ENGAGED ACTIVELY IN THE REAL ESTATE PROFESSION, INCLUDING BUYING, SELLNG, EXCHANGING, RENTING OR LEASING, MANAGING, APPRAISING FOR OTHERS FOR COMPENSATION, COUNSELING, BUILDING, DEVELOPING OR SUBDIVIDING REAL ESTATE, AND WHO MAINTAIN OR ARE ASSOCIATED WITH AN ESTABLISHED REAL ESTATE OFFICE IN THE STATE OF SOUTH CAROLINA OR A STATE CONTIGUOUS THERETO. ALL PERSONS WHO ARE PARTNERS IN A PARTNERSHIP, OR ALL OFFICERS IN A CORPORATION WHO ARE ACTIVELY ENGAGED IN THE REAL ESTATE PROFESSION WITHIN THE STATE OR A STATE CONTIGUOUS THERETO SHALL QUALIFY FOR REATOR MEMBERSHIP ONLY, AND EACH IS REQUIRED TO HOLD REALTOR MEMBERSHIP (EXCEPT AS PROVIDED IN THE FOLLOWING PARAGRAPH) IN A BOARD OF REALTORS( WITHIN THE STATE OR A STATE CONTIGUOUS THERETO UNLESS OTHERWISE QUALIFIED FOR INSTITUTE AFFILATE MEMBERSHIP AS DESCRIBED IN SECTION 1 B OF ARTICLE IV. (AMENDED 8/05) NOTE: REALTOR MEMBERS MAY OBTAIN MEMBERSHIP IN A "SECONDARY" BOARD IN ANOTHER STATE IN THE CASE OF A REAL ESTATE FIRM, PARTNERSHIP, OR CORPORATION, WHOSE BUSINESS ACTIVITY IS SUBSTANTIALLY ALL COMMERCIAL, ONLY THOSE PRINCIPALS ACTIVELY ENGAGED IN THE REAL ESTATE BUSINESS IN CONNECTION WITH THE SAME OFFICE OR ANY OTHER OFFICES WITHIN THE JURISDICTION OF THE BOARD IN WHICH ONE OF THE FIRM'S PRINCIPALS HOLDS REALTOR MEMBERSHIP, SHALL BE REQUIRED TO HOLD REALTOR MEMBERSHIP UNLESS OTHERWISE QUALIFIED FOR INSTITUTE AFFILIATE MEMBERSHIP AS DESCRIBED IN SECTION 1 (B) OF ARTICLE IV. (AMENDED 1/01) (2) INDIVIDUALS WHO ARE ENGAGED IN THE REAL ESTATE PROFESSION OTHER THAN AS SOLE PROPRIETORS, PARTNERS, CORPORATE OFFICERS, OR BROKER-IN-CHARGE OR HIS/HER DESIGNEE AND ARE ASSOCIATED WITH AREALTOR MEMBER AND MEET THE QUALIFICATIONS SET OUT IN ARTICLE V. (3) FRANCHISE REALTOR MEMBERSHIP. CORPORATE OFFICERS (WHO MAY BE LICENSED OR UNLICENSED) OF A REAL ESTATE BROKERAGE FRANCHISE ORGANIZATION WITH AT LEAST ONE HUNDRED FIFTY (150) FRANCHISEES LOCATED WITHIN THE UNITED STATES, ITS INSULAR POSSESSIONS AND THE COMMONWEALTH OF PUERTO RICO, ELECTED TO MEMBERSHIP PURSUANT TO THE PROVISIONS IN THE NAR CONSTITUTION AND BYLAWS. SUCH INDIVIDUALS SHALL ENJOY ALL OF THE RIGHTS, PRIVILEGES AND OBLIGATIONS OF REALTOR MEMBERSHIP (INCLUDING COMPLIANCE WITH THE CODE OF ETHICS) EXCEPT: OBLIGATIONS RELATED TO BOARD MANDATED EDUCATION, MEETING ATTENDANCE, OR INDOCTRINATION CLASSES OR OTHER SIMILAR REQUIREMENTS; THE RIGHT TO USE THE TERM REALTOR IN CONNECTION WITH THEIR FRANCHISE ORGANIZATION'S NAME; AND THE RIGHT TO HOLD ELECTIVE OFFICE IN THE LOCAL BOARD, STATE ASSOCIATION AND NATIONAL ASSOCIATION. (4) PRIMARY AND SECONDARY REALTOR MEMBERS. AN INDIVIDUAL IS A PRIMARY MEMBER IF THE BOARD PAYS STATE AND NATIONAL DUES BASED ON SUCH MEMBER. AN INDIVIDUAL IS A SECONDARY MEMBER IF STATE AND NATIONAL DUES ARE REMITTED THROUGH ANOTHER BOARD. ONE OF THE PRINCIPALS IN A REAL ESTATE FIRM MUST BE A DESIGNATED REALTOR MEMBER OF THE BOARD IN ORDER FOR LICENSEES AFFILATED WITH THE FIRM TO SELECT THE BOARD AS THEIR "PRIMARY" BOARD. (5) DESIGNATED REALTOR MEMBERS. EACH FIRM SHALL DESIGNATE IN WRITING ONE REALTOR MEMBER WHO SHALL BE RESPONSIBLE FOR ALL DUTIES AND OBLIGATIONS OF MEMBERSHIP INCLUDING THE OBLIGATION TO ARBITRATE PURSUANT TO ARTICLE 17 OF THE CODE OF ETHICS AND THE PAYMENT OF BOARD DUES AS ESTABLISHED IN ARTICLE X OF THE BYLAWS. THE "DESIGNATED REALTOR" MUST BE A SOLE PROPRIETOR, PARTNER, CORPORATE OFFICER, BROKER-IN-CHARGE OR HIS/HER DESIGNEE ACTING ON BEHALF OF THE FIRM'S PRINCIPAL(S) AND MUST MEET ALL OTHER QUALIFICATIONS FOR REALTOR MEMBERSHIP ESTABLISHED IN ARTICLE V, SECTION 2, OF THE BYLAWS. (B) INSTITUTE AFFILATE MEMBERS. INSTITUTE AFFILATE MEMBERS SHALL BE INDIVIDUALS WHO HOLD A PROFESSIONAL DESIGNATION AWARDED BY A INSTITUTE, SOCIETY, OR COUNCIL AFFILATED WITH THE NATIONAL ASSOCIATION OF REALTORS( THAT ADDRESSES A SPECIALTY AREA OTHER THAN RESIDENTIAL BROKERAGE OR INDIVIDUALS WHO OTHERWISE HOLD A CLASS OF MEMBERSHIP IN SUCH INSTITUTE, SOCIETY OR COUNCIL THAT CONFERS THE RIGHT TO HOLD OFFICE. ANY SUCH INDIVIDUAL, IF OTHERWISE ELIGIBLE, MAY ELECT TO HOLD REALTOR MEMBERSHIP, SUBJECT TO PAYMENT OF APPLICABLE DUES FOR SUCH MEMBERSHIP. (AMENDED 1/02) (C) AFFILATE MEMBER. AFFILATE MEMBERS SHALL BE REAL ESTATE OWNERS AND OTHER INDIVIDUALS OR FIRMS WHO, WHILE NOT ENGAGED IN THE REAL ESTATE PROFESSION AS DEFINED IN PARAGRAPH (A) OR (B) OF THIS SECTION, HAVE INTERESTS REQUIRING INFORMATION CONCERNING REAL ESTATE, AND ARE IN SYMPATHY WITH THE OBJECTIVES OF THE ASSOCIATION. (D) PUBLIC SERVICE MEMBERS. PUBLIC SERVICE MEMBERS SHALL BE INDIVIDUALS WHO ARE INTERESTED IN THE REAL ESTATE PROFESSION AS EMPLOYEES OF OR AFFILATED WITH EDUCATIONAL, PUBLIC UTILTY, GOVERNMENTAL OR OTHER SIMILAR ORGANIZATIONS, BUT ARE NOT ENGAGED IN THE REAL ESTATE PROFESSION ON THEIR OWN ACCOUNT OR IN ASSOCIATION WITH AN ESTABLISHED REAL ESTATE BUSINESS. (E) HONORARY MEMBERS. HONORARY MEMBERS SHALL BE INDIVIDUALS NOT ENGAGED IN THE REAL ESTATE PROFESSION WHO HAVE PERFORMED NOTABLE SERVICE FOR THE REAL ESTATE PROFESSION, FOR THE ASSOCIATION, OR FOR THE PUBLIC. (F) STUDENT MEMBERS. STUDENT MEMBERS SHALL BE INDIVIDUALS WHO ARE 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 OR NOT ASSOCIATED WITH AN ESTABLISHED REAL ESTATE OFFICE. |
| FORM 990, PART VI, SECTION A, LINE 7A | SECTION 4. ELECTION OF OFFICERS AND DIRECTORS. (A) AT LEAST TWO (2) MONTHS BEFORE THE ANNUAL ELECTION, A NOMINATING COMMITTEE OF SEVEN (7) REALTOR MEMBERS SHALL BE APPOINTED BY THE PRESIDENT WITH THE APPROVAL OF THE BOARD OF DIRECTORS. THE NOMINATING COMMITTEE SHALL SELECT ONE CANDIDATE FOR EACH OFFICE AND ONE CANDIDATE FOR EACH PLACE TO BE FILED ON THE BOARD OF DIRECTORS. THE REPORT OF THE NOMINATING COMMITTEE SHALL BE MAILED OR WHERE PERMITTED BY STATE LAW, ELECTRONICALLY TRANSMITTED TO EACH MEMBER ELIGIBLE TO VOTE AT LEAST THREE (3) WEEKS PRECEDING THE ELECTION. ADDITIONAL CANDIDATES FOR THE OFFICES TO BE FILED MAY BE PLACED IN NOMINATION BY PETITION SIGNED BY AT LEAST 20% OF THE REALTOR MEMBERS ELIGIBLE TO VOTE. THE PETITION SHALL BE FILED WITH THE CHIEF STAFF EXECUTIVE AT LEAST TWO (2) WEEKS BEFORE THE ELECTION. THE CHIEF STAFF EXECUTIVE SHALL SEND NOTICE OF SUCH ADDITIONAL NOMINATIONS TO ALL MEMBERS ELIGIBLE TO VOTE BEFORE THE ELECTION. (B) THE ELECTION OF OFFICERS AND DIRECTORS SHALL TAKE PLACE AT THE ANNUAL MEETING. ELECTION SHALL BE BY BALLOT AND ALL VOTES SHALL BE CAST IN PERSON. THE BALLOTS SHALL CONTAIN THE NAMES OF ALL CANDIDATES AND THE OFFICES FOR WHICH THEY ARE NOMINATED. (C) THE PRESIDENT, WITH THE APPROVAL OF THE BOARD OF DIRECTORS, SHALL APPOINT AN ELECTION COMMITTEE OF THREE (3) REALTOR MEMBERS TO CONDUCT THE ELECTION. IN CASE OF A TIE VOTE, THE ISSUE SHALL BE DETERMINED BY LOT. |
| FORM 990, PART VI, SECTION A, LINE 7B | SECTION 5. QUORUM. MEMBERSHIP MEETINGS, A QUORUM FOR THE TRANSACTION OF BUSINESS SHALL CONSIST OF THOSE MEMBERS PRESENT OF THE MEMBERS ELIGIBLE TO VOTE. BOARD OF DIRECTORS MEETINGS A QUORUM FOR THE TRANSACTION OF BUSINESS SHALL CONSIST OF 2/3 OF THE DIRECTORS ELIGIBLE TO VOTE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE GOVERNING BODY REVIEWS THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A WRITTEN CONFLICT OF INTEREST POLICY |
| FORM 990, PART VI, SECTION B, LINE 15A | THE PERSONNEL COMMITTEE WILL RECOMMEND ANY ADJUSTMENT OF THE CEO'S COMPENSATION TO INCLUDE A REVIEW OF BASE COMPENSATION AND BENEFITS TO ASSURE INTERNAL AND EXTERNAL MARKET EQUITY AND COMPETITIVENESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: WWW.CCARSC.ORG |
| FORM 990, PART IX, LINE 11G | OUTSIDE CONTRACT SERVICES 242,410. MEMBERSHIP FEES 25,386. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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