Columbus Association of Realtors

“The columbus association of realtors offers two classes of membership, realtor membership and affiliate/sustaining membership. There are four types of realtor memberships, including designated realtor, realtor, realtor appraiser, and institute affiliate. The realtor membership is limited to individuals who have a real estate license or appraiser licenses. There are three types of affiliate/sustaining memberships, including corporate affiliate, individual affiliate, and sustaining. The affiliate/sustaining membership is available to individuals who do not have a real estate or appraiser licenses but have an interest in the real estate industry.”

“The members of the board of directors are elected by the general membership.”

“The only action or decision of the board of directors that requires approval by the general membership is the decision to cease membership in the ohio association of realtors and the national association of realtors.”

“The form 990 is prepared by an outside accounting firm. Prior to being filed, the form 990 is reviewed by the ceo and the budget, finance & investment committee. The budget, finance & investment committee is comprised of the officers, some members of the board of directors, and additional members-at-large of the association. A copy of the form 990 is provided to the full board prior to filing.”

“Each director, principal officer and member of a committee with board-delegated powers shall annually sign a statement affirming that such person has: received a copy of the conflicts of interest policy; read and understands the policy; agreed to comply with the policy; and understands that the columbus association of realtors is a not-for-profit organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The process for determining the compensation of the ceo starts with the selection of the ceo evaluation committee, appointed by the president and consisting of the following: president, president-elect, treasurer, secretary, 3 directors, 2 immediate past presidents, steering committee chairman, and 1 elected director. This ceo evaluation committee then completes evaluation forms concerning the ceo. The ceo also completes a self-assessment form. The committee members then review and discuss the ceo's performance based on personal knowledge and the completed evaluations. The committee then creates an overall evaluation and prepares a recommendation regarding any compensation adjustment to be given to the ceo. Any suggested compensation increase is subject to the approval of the officers of the columbus association of realtors and finally the board of directors as a whole. There are no other officers or key employees of the organization that receive compensation. As such, question 15b on page 6 of the form 990 has been answered "no".”

“The columbus association of realtors makes their governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“To unite those engaged in the recognized branches of the real estate profession for the purpose of exerting a beneficial influence upon the profession as expressed in the code of ethics of the national association of realtors.”

“The columbus association of realtors is a local level, not-for-profit trade association. Founded in 1908, columbus association of realtors is comprised of more than 9,100 real estate professionals engaged in residential sales and leasing, commercial sales and leasing, property management, appraisal, consultation, real estate syndication, and land development. The territorial jurisdiction of car as a member of the national association of realtors is fayette, franklin, madison, morrow, pickaway and union counties in ohio. Columbus association of realtors provides leadership for the realtor community by protecting the interests of its members, promoting their value to the real estate consumer, setting high standards for professional practice, and advocating private property rights. Its mission is accomplished through the enforcement of the code of ethics, committee and general membership meetings, a bi-monthly magazine provided to the members, other communications, and education seminars.”

“Subsidiary investment loss 282,710.”

“The budget, finance & investment committee serves as the audit committee for the board of directors. The budget, finance & investment committee receives and reviews the audited financial statements before they are officially received for approval by the board of directors. The process for overseeing the audit and selection of an independent accountant has not changed during the tax year.”

“The columbus association of realtors, inc. And the multiple listing services of the columbus board of realtors, inc. Share paid employees. Both the columbus association of realtors, inc. And the multiple listing services of columbus board of realtors, inc. Separately pay for the fair market value of the services provided by the employees.”