CCIM Institute

“Except as to actions specifically stated in these Bylaws or by law to require approval of or to be taken by the Board of Directors, the Executive Committee shall have all of the power of the Board of Directors between meetings of the Board of Directors; provided, however, that the following powers shall be expressly reserved to the Board of Directors: (a) the election, appointment or removal of any officer or committee member, other than the appointment or removal of the Executive Vice President; (b) any action with respect to which a Supermajority Vote of the Board of Directors is required pursuant to Article V, Section 9; (c) the adoption, modification or amendment of the Governing Policies; (d) any action inconsistent with the Articles of Incorporation, these Bylaws and/or the Governing Policies or any standing resolution or direction of the Board of Directors; (e) the approval or modification of the education and designation requirements for candidates and designees under Article V, Section 2; (f) any change or modification to tuition fees involving more than fifteen (15%) percent of such tuition fees; and (g) the amendment of these Bylaws or the Articles of Incorporation. The Executive Committee shall report its actions as appropriate to the Board of Directors.”

“Michael Shelton and Cynthia Shelton - husband and wife. Soozi Jones-Walker and Bobbi Miracle - mother and daughter and co-owners of real estate firm.”

“THE INSTITUTE HAS TWELVE CLASSES OF MEMBERS They are as follows: 1. Active 2. Life 3. Retired 4. Candidates 5. Professional Assistant 6. Associate 7. NAR Associate Member 8. Organization Affiliate Member 9. International Member 10. Student Member 11. Academic-Faculty Member 12. Government Member Individuals are granted membership in the above classes by meeting such requirements as established by the board of directors and which are not inconsistent with the institute's bylaws. Members of the institute shall have rights and responsibilities as may be approved from time to time by the board of directors. Members or status in the institute may terminate by voluntary withdrawal or otherwise in accordance with the institute's bylaws and regulations as may be adopted by the board of directors.”

“Active and life members shall elect each year sixteen directors to serve three-year terms to succeed those whose terms expire. The election of directors shall be held at the annual meeting of the membership in conjunction with the meeting of the board of directors. The election shall be by written secret ballot, if there is a contest, and shall be governed by such regulations as the board of directors may adopt. All active and life members in good standing shall be eligible to vote. Each such member shall be entitled to one vote for each position open for election. The sixteen nominees receiving the highest number of votes shall be elected. In the event of a tie, a new ballot shall be held for those tied.”

“The completed Form 990 is reviewed by the executive vice president, the management team and the audit committee before it is filed with the IRS.”

“Each member of the board of directors, the executive committee, the management team and all employees are required to submit an annual signed conflict of interest form.”

“Compensation for CCIM Institute CEO's salary is determined by the CCIM leadership team and compensation surveys in the association field. The human resource department researches industry standards for the position to determine a classification and salary range. All CCIM institute employees are under the direction of the CEO. The CEO is under the direction of the board of directors. The CEO relies on the opinion of the leadership team to develop an employment contract which outlines the compensation package.”

“The form 990 and 990-T are available to the public for inspection at the corporate headquarters of the institute. Additionally, governing documents, conflict of interest policy and financial statements are also available at the corporate headquarters.”

“The following board members received compensation for instructing CCIM Institute courses, developing curriculum material, and/or operations consulting: Peter J. Barnett $32,800 Barbara M. Crane $19,152 Craig E. Fernsler $850 Joseph A. Fisher $84,890 Eric E. Hillenbrand $5,000 Richard E. Juge $4,700 Mark J. Polon $47,819 Steven R. Price $11,850 Douglas A. Sawyer $34,946 Mark Van Ark $3,000 Robert L. Ward $40,690”

“Ccim institute's ("institute"ccim") mission is: - to enhance the professional competence of those engaged in the commercial-investment real estate specialty through development, promotion, and administration of educational courses, seminars, and publications. - to assimilate information, techniques and procedures relating to commercial-investment real estate, and to share such information, techniques and procedures through the institute's programs, products and services. - to recruit, train, and administer faculty and others necessary to carry out the educational program. - to establish criteria for awarding the designation of the institute and criteria for admission to candidacy and promulgate and enforce the highest standards of practice within its specialty.”