Long Island Board of Realtors

“Three directors are independent contractors with douglas elliman re. The three agents are, frederic r. Greene, yvette d. Clark watkins, and eyston perez.”

“Three directors are affiliated with the firm charles rutenberg realty inc. They are ruth f. Pfeffer, joosoo kim, and rao a. Shaan khan.”

“Two directors are independent contractor agents with howard hanna coach realtors. The two agents are mark t. Donnelly and mary alice ruppert. Mark t. Donnelly is an elected officer of libor.”

“Two directors are independent contractor agents with signature premier properties. The two agents are claire j. Leface and margaret macrae.”

“Two directors are independent contractor agents with coldwell banker american homes. The two directors are rob a. Choudhury and glenn boggia.”

“Two directors are independent contractor agents with compass greater ny, llc. They are barbara a. Bucovetsky and renee b. Hughes.”

“The organization has members who are realtors. The members have the right to participate in the organization's governance. The realtor members elect the directors and the directors elect the officers. Vacancies in these two areas are filled by the board of directors.”

“Realtor members elect the directors and directors elect the officers. Vacancies in these two areas are filled by the board of directors.”

“Libor has a large board of directors which delegates to its executive committee substantial authority with respect to governance, including the authority for the executive committee to approve/ratify the form 990 at the executive committee meeting each year. Before the executive committee approves the form 990, they review, ask questions, and discuss the form 990.”

“The conflict of interest policy is provided to the officers, directors, volunteer committee members, the chief executive officer (ceo) and key employees on a yearly basis. Said persons must report any conflicts in writing on a disclosure form provided with the conflict of interest policy. Said persons are also advised that any time they become aware of any actual or potential conflict, or if the information previously provided becomes inaccurate or incomplete, they must notify libor in writing. All completed forms are provided to and reviewed by the libor president (except for the libor president's form, which is provided to the chief executive officer). Libor leaders with actual or potential conflicts must immediately disclose all facts material to the actual or potential conflict to the board of directors prior to or at the outset of any discussions by libor pertaining to the business. If said conflict occurs prior to a meeting of the board of directors, such conflict shall be communicated in writing to the president through the libor ceo. If the conflict arises during a meeting, such disclosure shall be communicated verbally to the president. In the event it is not entirely clear that a conflict exists, the decision making body will determine whether there exists a conflict that is subject to the policy. If the board of directors has reasonable cause to believe that a leader has failed to disclose actual or potential conflicts of interest, it shall inform the leader of the basis for such belief and afford the leader an opportunity to explain the alleged failure to disclose. If, after hearing the response of the leader and making such further investigation as may be warranted in the circumstances, the board of directors determines that the leader has in fact failed to disclose an actual or potential conflict of interest, it shall take appropriate corrective action. The board should consult with legal counsel before taking any action.”

“The ceo's compensation is determined by a compensation committee based on the terms of the contract with the ceo. Information is gathered by the compensation committee. Although the chief executive officer receives all of their compensation from libor, a percentage of their compensation is allocated to onekey and gets reimbursed to libor. Industry sources are reviewed periodically and the ceo's performance is reviewed by the compensation committee to determine any salary adjustment. Other officer and key employee compensation are based upon comparable information gathered by the ceo and director of human resources from industry sources and on line salary sources for job searches.”

“Libor's governing documents (bylaws) and its policy & procedure manual are included on its website, whereas libor's conflict of interest policy, form 990 and related financial statements are available for review upon request by appointment during normal business hours. A statement to this effect is on libor's public website.”

“Members of the board of directors receive travel expense reimbursement in the amount of $25 per in person board meeting attended. Libor committee members or directors who are also nar directors or committee members receive a travel allotment for the conventions they attend. Libor members who are also nysar committee members and nysar directors receive a travel allotment for the conventions they attend. The allotment amount depends on where the convention is each year and how many nights the directors/committee members stay. The allotment is to offset expenses incurred on behalf of serving in their capacity for libor.”

“Barbara a. Bucovetsky received compensation from libor for ombudsman services performed, which services were unrelated to her membership on the board of directors. Rao a shan khan received compensation from libor for teaching activities performed, which services were unrelated to his membership on the board of directors.”

“The realtor store was closed in april 2024.”

“During 2024, libor utilized a professional employer organization (peo). Wages and related payroll taxes are paid by the peo and libor is billed for the wages, taxes and processing charges bi-weekly for the service.”

“Investment in sunrise capital holding corp 3,383,893.”

“The process has not changed from the prior year.”