April 2011 Board of Directors Meeting

Board of Directors MeetingThursday, April 21, 2011

Hilton Branson Convention Center

Branson, Mo.

WWW.MISSOURIREALTOR.ORG

Call to Order

Joyce Thomas, ABR, CRS, ePRO®, GRI

2011 MAR President


Pledge of Allegiance

Lee McClelland

2011 KCRAR President


Approval of Parliamentarian

W.B. ‘Bart’ Tichenor, J.D., PRP


Approval of Agenda

Joyce Thomas


Approval of Minutes & Bylaws

• Approval of Jan. 21, 2011, Board of Directors meeting minutes

• Approval of bylaws revisions


Bylaws Revisions

Notice of Revisions to MAR’s Bylaws

Underline represents additions

Strikethrough represents deletions

Article XII. Reserves

Section 1. Legal Action Reserve Fund. Unless otherwise determined by the Board of Directors, each annual budget shall allocate not less than $25,000 to the Legal Action Reserve Fund (hereinafter known as the “LA Reserve”) until such time as the LA Reserve reaches $300,000 (hereinafter known as the “Funding Level”). If the LA Reserve falls below the Funding Level, unless otherwise determined by the Board of Directors, each annual budget thereafter shall allocate not less than $25,000 to the LA Reserve to replenish the LA Reserve to the Funding Level. The Board of Directors may, at any time, allocate additional monies to the LA Reserve up to or over the Funding Level. Any monies in the LA Reserve over the Funding Level may be reallocated at any time by the Board of Directors to any other fund, reserve or otherwise, of the State Association. Interest income allocation and other income from the investment of the LA Reserve shall accrue to and become a part of such LA Reserve up to and above the Funding Level. The specific purpose of the LA Reserve is the prosecution or defense of lawsuits brought by or against the State Association or its officers, or, when determined appropriate by the Board of Directors, one or more members of the State Association. (2005)


Bylaws Revisions cont.

(a) Except for money above the Funding Level, money may be withdrawn from the LA Reserve only upon recommendation of a majority vote of the Executive Committee and approved by a majority vote of the Board of Directors present at any meeting of the Board of Directors. for purposes other than those specified above only upon review and recommendation of a three-fourths vote of the Executive Committee and a two-thirds (2/3) vote of the Directors present at any meeting of the Board of Directors. Money above the Funding Level may be used and/or transferred by the Board of Directors to any other fund, reserve, or otherwise of the State Association by simple majority vote. (2005)

(b) The reserve for the LA Reserve shall be maintained in cash, certificate of deposit or other cash investments. checking or investment securities, with an original investment with a maturity of less than three (3) months or invested in investments as recommended by the Finance Committee and approved by a majority vote of the Executive Committee. (2005)

(c) The State Association cannot borrow against assets beyond the amount necessary to preserve the full allocation of the LA Reserve as determined by the annual audit. (2005)

(d) Money may be withdrawn from the LA Reserve for purposes other than those specified above only upon recommendation of a three-fourths (3/4) vote of the Executive Committee and a two-thirds (2/3) vote of the Directors present at any meeting of the Board of Directors.



Section 2. Repair and Replacement Reserve Fund. Unless otherwise determined by the Board of Directors, each annual budget shall allocate not less than $20,000 to the Repair and Replacement Reserve Fund (hereinafter known as the “RR Reserve”) until such time as the RR Reserve reaches $200,000 (hereinafter known as the “Funding Level”). If the RR Reserve falls below the Funding Level, unless otherwise determined by the Board of Directors, each annual budget thereafter shall allocate not less than $20,000 to the RR Reserve to replenish the RR Reserve to the Funding Level. The Board of Directors may, at any time, allocate additional monies to the RR Reserve up to or over the Funding Level. Any monies in the RR Reserve over the Funding Level may be reallocated at any time by the Board of Directors to any other fund, reserve or otherwise, of the State Association. Interest income allocation and other income earned from investment of the RR Reserve shall accrue to and become a part of such RR Reserve up to and above the Funding Level. The specific purpose of this reserve is to provide a fund to repair or replace the headquarters building, its furniture (including Office and all other Production Equipment), fixtures, and grounds improvements thereon and to provide for any necessary future expansion of the headquarters building. (2005)

Except for money above the Funding Level, money may be withdrawn from the RR Reserve only upon recommendation of a majority vote of the Executive Committee and approved by a majority vote of the Board of Directors present at any meeting of the Board of Directors. Money above the Funding Level may be used and/or transferred by the Board of Directors to any other fund, reserve, or otherwise of the State Association by simple majority vote. (2005)



The RR Reserve shall be maintained in cash, certificate of deposit, or other cash investments. or invested in investments as recommended by the Finance Committee and approved by a majority vote of the Executive Committee. (2005)

Money may be withdrawn from the RR Reserve for purposes other than those specified above only upon recommendation of a three-fourths (3/4) vote of the Executive Committee and a two-thirds (2/3) vote of the Directors present at any meeting of the Board of Directors. (2005)

Section 3. Working Capital Reserve Fund. Unless otherwise determined by the Board of Directors, each annual budget shall allocate not less than $5,000 to the Working Capital Reserve Fund (hereinafter known as the “WC Reserve”) until such time as the WC Reserve reaches $250,000 (hereinafter known as the “Funding Level”). If the WC Reserve falls below the Funding Level, unless otherwise determined by the Board of Directors, each annual budget thereafter shall allocate not less than $5,000 to the WC Reserve to replenish the WC Reserve to the Funding Level. The Board of Directors may, at any time, allocate additional monies to the WC Reserve up to or over the Funding Level. Any monies in the WC Reserve over the Funding Level may be reallocated at any time by the Board of Directors to any other fund, reserve or otherwise, of the State Association. Interest income allocation and other income earned from investment of the WC Reserve shall accrue to and become a part of such. WC Reserve up to and above the Funding Level. The purpose of the WC Reserve shall be to maintain funds to be used in the event of an emergency that would curtail the normal income of the State Association or required unbudgeted expenditure of the State Association. (2005)



The WC Reserve shall be maintained in cash, certificate of deposit, or other cash investments. or invested in investments as recommended by the Finance Committee and approved by a majority vote of the Executive Committee. (2005)

Region IX ReportAlan Huffman

A Bold JourneyA Bold JourneyThe Political Survival InitiativeThe Political Survival Initiative

Climbing To a Higher PlainClimbing To a Higher Plain

We are Linked

The Next Big Thing?1908 Our Association Begins1916 Term REALTOR® Coined1968 Fair Housing Act1969 RPAC Launched1972 NAREB to NAR1975 First Successful Computerized MLS 1996 REALTOR.com2008 Second Century Initiatives2009 Defeated Banks in Real Estate

and…2012 Political Survival Initiative

In Five Years…NAR will be a different organization

Are we prepared to be stronger, more cohesive and more relevant? At all three levels?

The Perfect Storm Has Arrived

All forces are against home ownership and private property rights

It will be a death by a thousand cuts

at all three levels

We Must Find a Way

To use our core strength

Our passionate, ambitious, geographically dispersed and entrepreneurial grassroots

To create the premier advocacy machine that we are so capable of being

We Must Find Our Voice

An Unprecedented Partnership

• Second Century Initiatives

• We are positioned to “move the agenda” of the REALTOR ® Party at all levels

• Now, onto a higher plain

Citizens United vs. Federal Election Commission

• Changes the landscape for the REALTOR® Family nationally and in 23 states

• Dues money can now be used to shape opinions about candidates in all 50 states

• A game changer!A game changer!

Hard Dollars vs. Soft DollarsHard dollar contributions are voluntary investments of personal dollars by individuals

Soft dollars are corporate funds, or for us -- dues dollars

Dues money can now be used to fund independent expenditure campaigns

Only hard dollars can be contributed directly to candidates

“Politico” Recognition

"The REALTORS' campaign differed from that of such large trade and business groups as the U.S. Chamber of Commerce in that it was built around one industry and targeted at a subset of candidates with clear records of advocating on housing issues while serving in Congress, a state legislature or on the job."

Jan. 21, 2011

State/Local Issues

Campaign Services

State/Local Candidates

REALTORS®

The Most Powerful Advocacy Group in America

Federal Issues

Federal Candidates

REALTOR® Mobilization

REALTORS®


Federal CandidatesElect REALTOR® Champions to Congress

Federal IssuesKeep banks out of real estateProtect the MIDInsurance issuesShort-sales issuesKeep the secondary mortgage market strongFHA reforms

RPAC’s Winning Strategies at the Federal Level!

In 2010:

– REALTOR ® Party won 70 of 92 general election opportunity races

– REALTOR ® Party won 7 of 11 primary election opportunity races

– 103 races/campaigns (combined) were the most ever – with a 76% success rate!

Federal Candidates

Federal Issues

Why More?

Ruling opens door to using soft dollars for congressional independent expenditure activities

Cost of impacting races will increase

We will have to participate in more independent expenditure races

More corporate dollars means RPAC spending must also increase to keep pace

Federal Candidates

Federal Issues

Do More In-District Ads

Funding for ads directed at state delegations to the U.S. Congress

In the past, 90% of our budget spent in DC

Going forward, spend more doing advertising, including thank-you ads in individual districts

Federal Candidates

Federal Issues

REALTORS®


REALTOR® MobilizationIncrease your grassroots advocacyRPAC fundraising grantsOnline advocacy tools for state calls for action

(now used by 47 states & 200 locals)PAC management & online fundraising softwareConsultancy supportRPAC Major Donor RecognitionBroker Involvement Program

RPAC Rules!

• Over $14 million in last cycle

• Cutting-edge PAC Management System

• Premier Major Donor Fundraising

• President’s Circle Program

• Nobody Does it Better!Nobody Does it Better!

RPAC Voluntary Contributions Remain

No change in fair share goal

No separate goals for hard vs soft dollars

The pressure is still on to raise hard dollars

Volunteer involvement still critical

REALTORS®


Campaign ServicesDirect access to your state/local voter filesTarget and get out your voteSurvey research to identify voter attitudesConsultancy support to develop & implement campaign plansProvides toolset to operate other parts of the REALTOR® Party Power House

Beyond Voter Records

From self-serve to full-serve

Not just information – consulting, too!

In 2010:

24 states requesting over4.8 million voter records

46 locals requesting176,000 voter records

Campaign Services

Why More?

Expand/enhance voter targeting tools

Provide comprehensive consultant support

Partner with more state/local associations on issue and/or candidate campaigns

Campaign Services

REALTORS®


State/Local IssuesFight local transfer taxesProperty tax issuesSupport local property rights initiativesShape local ordinancesAt your request, help you work for state/local issues that impact property ownership and REALTOR® interests

Fighting Transfer Taxes

• Permanently prohibiting transfer taxes by passing state constitutional amendments

2010 -- Missouri 83 percent of the vote2010 -- Montana 73 percent of the vote2008 – Arizona

77 percent of the vote

State/Local Issues

Why More?

The number of Issues Mobilization Campaign requests has doubled and so has the cost

Provide even more support

Wins on issues that matter go beyond the state

State/Local Issues

REALTORS®


State/Local CandidatesPartnership to elect REALTORS® and REALTOR® Champions to state/local officeBuild “pro-REALTOR®” public policy with local officials at the local level

The REALTOR® Party Wins at All Levels

• Utah – Re-election of a State Senator and a REALTOR® as Governor

• Michigan – Two Supreme Court Justices win – one for first time and one re-elected

• Maryland – Five of 11 REALTOR® Party candidates elected


Why More?• Leverage the power of our

grassroots with resources to create even more state/local wins for the REALTOR ® Party

• Create early relationships with state and local lawmakers/policymakers

• Shape the political make-up of state or local governing bodies


The FormulaFor Independent Expenditures

Pool of funds for each state based on a per-member formula– NOTE! This is completely decoupled from

RPAC Fair Share Goal

• 50% of each state allocation for exclusive use by the state

• Other 50% is shared with its local associations

• Additional funds available for state/local associations to use based on need


The Political Survival Initiative will help us…

Bring it Home!• Ensure your success at

the state/local level

• Groom our REALTOR® Champions at the state/local level

State/Local State/Local IssuesIssues

$9.77 million$9.77 million(annualized(annualized))

Campaign Campaign ServicesServices

$4.32 million$4.32 million(annualized)(annualized)

Total investment each year

$38.8 million$38.8 million(annualized)(annualized)

State/Local State/Local CandidatesCandidates$7.02 million$7.02 million

(annualized)(annualized)

Federal IssuesFederal Issues$8.95 million


Federal Federal CandidatesCandidates$$3.59 million


REALTORREALTOR®® MobilizationMobilization$5.17 million$5.17 million


Over Five YearsTwo-Thirds Devoted to State/Local

$119 million of $194 milliondevoted to state and local associations to tap in the form of direct funding and services

$75 million

$119 million

FederalFederalAdvocacyAdvocacy

State & LocalState & LocalAdvocacyAdvocacy

Over Five Years

Dollars vs. Services

Direct funding back to states/locals -- $82 Million

To fund the following programs:State & Local Issues Mobilization CampaignsState & Local Issues Coordinated CampaignsRPAC Fundraising GrantsState & Local Candidate Independent Expenditure Campaigns

$82 million$82 million

Over Five Years

Dollars vs. Services

Direct services back to states/locals-- $37 Million

To fund the following services:Campaign Services

• One-stop-shop for state-of-the art advocacy campaign tools• Voter files, polling & consulting support for your advocacy campaigns

RPAC PAC Management SoftwareRPAC Major Donor RecognitionOnline Advocacy/Member Communications SoftwareBroker Involvement Program

$37 $37 millionmillion

Opportunities Abound

We have a tremendous opportunity to leverage our power in the political arena – not in spite of this new world of campaign fundraising and spending – but because of it!

How to Pay for It?

• A $40 dedicated dues increase

• ALL funds permanently dedicated to the initiative

• NO leakage to other programs

A Reliable Process…

…to get us past our differences

toward a common goal

Even if you’re Even if you’re on the right on the right track, you’ll get track, you’ll get run over if you run over if you just sit still.just sit still.

Will RogersWill Rogers

What’s Next?

Online Town Hall MeetingWednesday, April 13, 1:00–2:30 pm Central Time

Midyear Meetings Session in DC Wednesday, May 11, 3:30–4:30 pmSalon 2, Marriott Wardman Park Hotel

Board of Directors Vote in DCSaturday, May 14, 8:30-NoonMarriott Ballroom, Marriott Wardman Park Hotel

At Your Fingertips

Documents on the web:http://www.realtor.org/politicalsurvival

To leave comments on the web: http://www.realtoractioncenter.com

Via email: [email protected] Twitter: #rppsi

http://www.realtor.org/politicalsurvival

http://www.realtoractioncenter.com/realtor-party/rppsi.html

mailto:[email protected]

Leadership Academy Pat Tackett & Gina McWilliams

Missouri Good Neighbor AwardJames Elcock

CENTER Report Doug Andrews

RPAC Cup Sharon Keating

Missourians for Fair TaxationDavid Barklage

IMPAC Bruce Aydt

Legal Update Amy Henderson


Professional Standards

• Grievance Reviews

• Ethics Hearings

• Arbitration Hearings


Standard Forms

• Forms Review Subcommittee

• Commercial Forms Review


Legal Hotline

• Contract with Thompson Coburn

• Acknowledgment and Consent Form on file

• Designated REALTORS®

• $20 Copay

• Contact Heidi Jenkins or Opal Evans


Local Board Support

• Visit to local board

• Visit with AEs


Statewide Issues

• Amicus Brief Filing• To The Top, Inc. v. Div. of Emp. Sec.

• SLAR v. City of Ferugson

• SB 844 Update


• Home Warranties– Kiefaber v. 1st Choice, Inc.

• MARS Rule by FTC– Mortgage Assistance Relief Services

– Short Sale Disclosures

NAR News


Thank You

• Amy HendersonSenior Vice President &

Director of Legal Services

Office: 573.445.8400 ext. 136

Cell: 573.289.4618

[email protected]

mailto:[email protected]

2012-2014 Strategic Plan Ryan Gattermeir


Mission

Through the collective strength, influence and

professionalism of its REALTOR® members and

local Boards, the Missouri Association of

REALTORS® is dedicated to protecting the private

property rights of Missouri citizens, promoting real

estate as a catalyst for economic and community

development, and fostering a business

environment in which all members can succeed.


Public Policy: Long-term Goal• Monitor and influence public and private entities

to protect and enhance the real estate business environment.


Member/Board Value: Long-term Goal• Develop and provide

information, professional development (education) and business products and services to support the success of REALTORS® and their Boards/Associations.


Communication and Outreach: Long-Term Goal• Increase effectiveness of MAR efforts to reach

out, inform and engage the membership.


Association Management:Long-Term Goal• Effectively utilize the financial, technical,

volunteer, and staff resources to support and accelerate the attainment of MAR’s core purpose.


MAR Operating Values:External Values• Right to housing

• Right to do business

• REALTOR® value

• Ethics and professionalism


MAR Operating Values: Internal Values


In 2012, MAR will…

• Building upon the Early Warning System, complete the remaining phases of the MAR issue management system – (including issue prioritization, strategy development,

and implementation, monitoring and evaluating success);

• Secure full participation by local boards in the monthly MAR Housing Statistics Reports;

• Offer one-day summit targeted to broker issues and needs;


In 2012, MAR will…cont.

• Conduct topical roundtables for members attending business conferences;

• Redesign the Local Leadership Conference to ensure focus on basics of leadership;

• Schedule road trip to local boards to dialog with members and present a program on important industry/operational issues on the horizon;



• Develop & implement communications plan, including a system for creating and communicating important key messages and information on issues;

• Work with local boards in the area surrounding the location of each business conference to identify and honor individuals outside the industry who support REALTOR issues and/or demonstrated REALTOR values in their communities;



• Prepare regular press releases that position MAR as the credible source of accurate market and housing data and trends;

• Explore the development of new non-dues revenue programs;

• Create MAR orientation piece for use by local boards in their new member orientations and in other settings.


Next Steps…

• Approve 2012-2014 Plan – April

• Continue member feedback – May/June

• Prepare preliminary budget – July

• Finance Committee review – August

• Plan & budget approved – September


Thank You

• SAC Committee

• MAR staff

• Jim DeLizia

• AEs

• Committee/Forum participation

• Focus groups

• Board and state leadership

• Members


Chuck Livieri, GRI Credentials/Elections

Committee Chair

Certification of New MAR Directors


New MAR Directors


La Nora Kay, CIPS, CRS, GRI2011 President Elect

Induction of New MAR Directors


Credentials/Elections Committee Report

Chuck Livieri

President’s Report Joyce Thomas


Jan./Feb. Meetings Re-cap

Federal Political Coordinators in Washington, D.C., during Feb. snowstorm in Missouri


New Programs/Announcments

• Missourians for Fair Taxation

• Missouri Good Neighbor Program (PAG)– Committee, chaired by Craig Conant, met in March

– Application and information available on website soon

• First meeting of EWS Taskforce

• Also, Sedalia-Warsaw Board of REALTORS® now West Central Association of REALTORS®


Commercial Grants

• St. Louis Association of REALTORS® working with Commercial Broker Appreciation

• Kansas City Regional Association of REALTORS® using grant to fund Commercial Constituent Connection program


Mark Eudaly


Fair Housing Month

• This month marks the 43rd

anniversary of the 1968 landmark Fair Housing Act.

• Visit realtor.org to download the Fair Housing poster, declaration and more!


Ron Phipps Reception

Cocktail reception with special guest

Ron Phipps, 2011 NAR President

6:30 to 8:30 p.m.

Thursday, April 28, 2011

Charleston and Savannah Rooms

The Columns Banquet Center

711 Veterans Memorial Parkway

St. Charles, Mo.

RSVP to Heidi Jenkins at 800-403-0101 or

[email protected] by April 25.


AE Service Anniversaries

Dixie Collins, Heart Of Missouri Board of REALTORS®, 5 years

Diane Ruggiero, Kansas City Regional Assn. of REALTORS®, 10 years

Cherie Lavy, East Central Board of REALTORS®, 10 years

Linda Sturgis, St. Joseph Regional Assn. of REALTORS®, 20 years

Bill Findley, Northwest Missouri Board of REALTORS®, 25 years

Thank you for your outstanding service!


Fingerprinting Update

• New MREC requirement

• Digital, 10-minute process

• 44 locations across the state

• Fee: $52.20


Upcoming Events

• May 25: Deadline to request NAR committee appointments

• 2nd Annual Ride for the American Dream, June 4

• MAR’s 75th Anniversary Celebration, June 22 at Ameristar


Treasurer’s Report

Sharon Keating, ABR, CRS, GRI, SRES

2011 Treasurer


Committee Reports/Motions

La Nora KayRecommendations from April 21, 2011,

Executive Committee meeting regarding MAR committee motions


Executive Committee

• The following motion was approved by the Executive Committee during a conference call on March 28, 2011:

– 1) To support and move the Issues Mobilization Transition Plan concept forward with a final vote to take place at the April 21st, 2011 Executive Committee meeting.

• The following motions were approved by the Executive Committee during a conference call on April 11, 2011:

– 1) Authorized the LT to enter into a settlement of employment agreement with Dennis McClelland subject to approval by an attorney.

– 2) Approve CEO Search Committee of Past President Elizabeth Mendenhall, President Joyce Thomas, President-Elect La Nora Kay and two others; Sharon Keating and Jim Gamble.

– Authorize the LT to approve the appointment of an interim CEO.

– Approve a budget up to $20,000 for the Search Committee’s activities such as but not limited to conducting a search, advertising the position and bringing in candidates.


Motion #1

• To accept the 2010 audit report presented by James R. McGinnis of Gerding, Korte & Chitwood.

Executive Committee recommends a YES vote.


Motion #2

• To contribute $550,000 from unrestricted net assets to Missourians for Fair Taxation, a committee established to oppose sales tax on services and/or a sales tax on real property leaseholds or the sale or transfer of any interest in real property. (This $550,000 is a portion of the money set aside for Issues Mobilization.)

• Finance Committee Action: Finance Committee has reviewed this motion and recommends approval.



Motion #3

• To authorize Senior Vice President of Governmental Affairs to work with the appropriate people on clean-up legislation regarding the selling of mobile homes as real property.



Motion #4

• A motion was made, seconded and approved to remove SB 166 from bills to support and moved to bills for review.

Executive Committee recommends a YES vote with the following amendment:

and HB 414


Motion #5

• To support HB 222, HB 386, HB 403, HB 414, HB 493, HB 625, HB 710, HB 748, HB 761, HB 797, SB 61, SB 108, SB 276, SB 325 (page 1-3 of the bill packet (yellow pages)).

Executive Committee recommends a YES vote with the following amendment:

Removal of HB 414


Motion #6

• To oppose HB 404, HB 449, HB 451, HB 486, HB 705, HB 721, HB 922, HB 1018, SB 139, SB 141, SB 142, SB 144, SB 361, SB 380, SB 411, SB 426 (page 5-7 the bill packet (pink sheets)).



Motion #7

• To fund up to $10,000 to keep our voting seat on the Hawthorn Foundation and up to $10,000 for the Governor’s Conference, not to exceed $15,000 total and reimburse the registration fee for any council members who attends the Governor’s Conference at the early registration rate.

*** NO ACTION REQUIRED ***


Motion #8

• For Bob Borgmann to attend the Hawthorn Foundation for the remainder of the year or until someone else is appointed to hold this seat.

Executive Committee recommends a YES vote with amendment by way of substitute motion:

Amend motion 9 adopted June 21, 2007 by inserting at the end of said motion, “Should the CEO be unable to attend, the President or President’s appointee shall be the representative on the Hawthorn Foundation Board.

Motion 9 (June 21, 2007): To recommend that the MAR CEO/EVP be the representative on the Hawthorn Foundation Board and will provide a written and verbal report after each meeting to the Leadership Team, Commercial Committee and Economic Development Council. Should the CEO be unable to attend the president or president’s appointee shall be the representative on the Hawthorn Foundation Board.


Motion #9

• That MAR fund the Missouri Heroes Welcome Home education program with $10,000 to fund up to 3 pilot programs in 2011. These programs will be allocated up to $50 per attendee, with a total cost not to exceed $10,000.



Motion #10

• That MAR allow a 50% discount for up to twenty (20) – 1st time attendees in the GRI program not to exceed $1,000 total. This would be implemented immediately in 2011. (Note: this is for one class only for a GRI 1st time attendee.)



Motion #11

• To add “Top Dogs Webinars” as an additional online referral partner. (Note: MAR Education Committee has standards in place for selecting an outline real estate education provider.)



Motion #12

• To support the Diversity Awareness Committee to host the Missouri Heroes Welcome Home education/Certification program.



Motion #13



Motion #14

• Article V. Leadership Team and Executive Committee

Section 2. Leadership Team.

(a) Purpose: The Leadership Team shall have the authority to meet at such times and in such manner as may be necessary to conduct the business of the State Association during intervals between the Executive Committee meetings; provided, however, it shall report its decisions and actions to the full Executive Committee as soon as possible after having conducted said meeting. All business so conducted shall be subject to the approval of the Executive Committee and the Board of Directors of the State Association.

The Leadership Team shall have the authority to approve all employment contracts. (2007)

The Leadership Team shall have the authority to approve motions and any claims on the Issues Reserve Fund as authorized by the Issues Mobilization Committee. (2011)



Motion #15

• Article XII. Reserves

Section 4. Issues Reserve Fund. Unless otherwise determined by the Board of Directors, each annual budget shall include a minimum of at least $40 per member towards the Issues Reserve Fund (hereinafter known as the “Issues Reserve”), until such time as the Issues Reserve balance may equal or exceed $8,000,000 (hereinafter known as the “Funding Level”). If the Issues Reserve balance falls below $8,000,000, the Issues Reserve allocation shall resume. The Board of Directors may, at any time, allocate additional monies to the Issues Reserve up to or over the Funding Level. Interest income allocation and other income from the investment of the Issues Reserve shall accrue to and become a part of such Issues Reserve up to and above the Funding Level. The specific purpose of the Issues Reserve is to support the Issues Mobilization and Advocacy Program as outlined in Policy 107.

(a) Except for money above the Funding Level, money may be withdrawn from the Issues Reserve only upon recommendation of two-thirds (2/3) vote of the Issues Mobilization Committee and approved by a majority of the Leadership Team. Money above the Funding Level may be used and/or transferred by the Board of Directors to any other fund, reserve, or otherwise of the State Association by simple majority vote.

(b) The reserve for the Issues Reserve shall be maintained in cash, certificates of deposit, U.S. Treasuries, or other cash instruments.

(c) Money may be withdrawn from the Issues Reserve for purposes other than those specified above only upon review and recommendation of a three-fourths (3/4) vote of the Issues Mobilization Committee and a two-thirds (2/3) vote of the Directors present at any meeting of the Board of Directors.

Note: Upon passage, the current Section 4 (Duties) will be renumbered to Section 5. The current Section 5 (Procedures) will be renumber to Section 6.



Motion #16

• Article IV. Officers and Their Duties

Section 8. Authorized Signatures.

All checks shall require live signatures. The CEO/Corporate Secretary shall be authorized to sign checks on accounts of the State Association for all budgeted expenses, and any unbudgeted expenses up to $10,000. Unbudgeted expenses over $10,000 shall require two (2) signatures of the following officers: President, Treasurer, or Corporate Secretary. Transfer of funds between authorized accounts of the Association shall require only one (1) of the authorized signatures. Authorized signatures on warrants or checks on accounts of the State Association shall be any two (2) of the following officers: President, Treasurer, Corporate Secretary. All warrants or checks drawn upon an account of the State Association shall have two (2) authorized signatures, except that any transfer of funds between authorized accounts of the Association shall require only one (1) of the authorized signatures.



Motion #17

• Policy 107 – Issues Mobilization CommitteeThis policy shall provide for a special program of the State Association known as the Issues Mobilization and Advocacy Program. Said program shall be administered by the Issues Mobilization Committee for the purposes and with the duties and responsibilities herein set forth. The program shall be funded by the special account established by the bylaws of the State Association and known as the Issues Reserve Fund.

Section 1. Purpose.

To support or oppose federal, state and local issues that impact real property and real property owners in Missouri. To support grassroots lobbying and educational efforts related thereto.

To improve public policy by encouraging and stimulating REALTORS® and others to take a more active and effective part in governmental decision-making and the legislative process. Funds shall not be used for support of candidates or for any purpose prohibited by federal, state, or local law.

Section 2. Structure.

The President shall appoint the Chair and Vice Chair of the committee. The President-Elect shall make recommendations to the President for Vice Chair appointments. In addition to the Chair and Vice Chair, the committee shall consist of ten (10) members at-large, appointed by the President, and the following shall be ex-officio members with full voting rights:


Motion #17 (cont.)

• MAR President

• MAR President-Elect

• MAR Treasurer

• MAR Legislative and Regulatory Policy Chairperson

• MAR RPIC Chairperson

• MAR CEO

• MAR Senior Vice President/Government Affairs

Section 3. Terms.

(a) The appointed committee members shall be appointed to serve staggered terms of three (3) years except in the inception of the committee at which time, four (4) of the appointed members shall be appointed for a term of one (1) year, three (3) for two (2) years and three (3) for three (3) years, as may be necessary to complete the first organized appointive year.

(b) There shall be no limit to the number of terms that may be served consecutively by the Chair, Vice Chair or committee members.

(c) The terms of office shall commence with the beginning of the President’s term.


Motion #17 (cont.)

Section 4. Duties.

(a) The committee shall administer the Issues Mobilization and Advocacy Program subject to the approval of the State Association's Leadership Team.

Other than State Association issues, all requests for aid from the program for member boards/associations will be approved based on adherence to the program purposes.

All claims on the Issues Reserve Fund shall be submitted to the CEO of the State Association and paid by the State Association as authorized by the Issues Mobilization Committee subject to final approval by the Leadership Team.

Section 5. Procedures.

(a) Other than State Association issues, all requests for assistance must be submitted by or through a member board/association. Said member board/association shall evaluate the request for assistance to determine if it meets one (1) or more of the purposes outlined in Section 1.

Note: If it is anticipated that assistance from the Issues Mobilization and Advocacy Program might be requested on any issues at the local level, it is imperative that the member board/association file a request for assistance with the Issues Mobilization Committee as early as possible. The Issues Mobilization Committee must have the opportunity to participate in the early stages of any issue which may be appropriate for assistance through the program.


Motion #17 (cont.)

(b) If, after review of the issue, the member board/association feels involvement by the

Issues Mobilization Committee of the State Association is warranted, the president of the

member board/association shall complete the Local Board Funding Request Form and submit the form to the CEO of the State Association which shall include:

A formal request that the matter be considered by the Issues Mobilization Committee.

– A summary of the facts and circumstances surrounding the issue.

– A statement explaining why the Member board/association feels the involvement of the Issues Mobilization Committee is warranted and setting forth the reasons that the Member board/association feels this issue has statewide impact.

– An estimate of the total anticipated expenses to support or oppose the issue.

– A specific statement regarding the amount of funds the member board/association is requesting from the Issues Reserve Fund.

(c) Any request of the program for assistance by a member board/association shall be forwarded concurrently by the CEO of the State Association to all members of the Issues Mobilization Committee.

(d) The State President or Chair may call a special meeting of the Issues Mobilization Committee.

Representatives of the member board/association involved may appear before the Issues Mobilization Committee and make an oral presentation regarding the issue and the reasons why the member board/association feels it is worthy of support through the program.


Motion #17 (cont.)

If the Issues Mobilization Committee rejects a request, the request may be appealed to the State Association's Board of Directors.

Section 6. Administration.

(a) If the Issues Mobilization Committee determines an issue is worthy of support, disbursement of monies from the Issues Reserve Fund, up to the amount authorized, shall take place in the following fashion:

– The member board shall submit an estimate of costs and related expenses associated with the issue to the CEO of the State Association.

– The CEO shall be authorized to issue check(s) to the proper vendors involved with the issue. No checks shall be issued to members of the State Association.

(b) When the amount of funds authorized for an issue is exhausted, additional funds may be requested. Such request shall be submitted by the member board/association President and shall include:

– A summary of the current status of the issue.

– A statement of all expenses incurred to date and an estimate of additional expenses anticipated to carry the issue to a satisfactory conclusion.

– A specific statement regarding the amount of funds the Member board/association is requesting from the Issues Reserve Fund.

(c) Upon receipt of the supplemental request and necessary documents, the procedures outlined in Section 5 hereof shall be implemented.

(Policy 107 will become effective upon the approval of the bylaws revisions as set forth in motions #13, #14, and #15, which will be voted upon at the next regularly scheduled board of directors meeting.)



Motion #18

• To approve the 2012-2014 Strategic Framework and Plan.



New Business & Adjournment

Next BOD meeting: June 24, 2011

Ameristar, St. Charles

Date post:	15-Jul-2015
Category:	Economy & Finance
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April 2011 Board of Directors Meeting

Economy & Finance