La Crosse Area Realtors Association Inc

“Organized with members. There are two types of members. The two types of members are realtors and affiliates. Realtors have voting rights and powers and affiliates do not.”

“Members have power to elect. These members are realtors.”

“The following decisions require approval by realtor members. Election of officers and directors removal of officers and directors dissolution amendment of by-laws with the exception of changes mandated by wra and nar policy. These amendments are approved by the board of directors. Capital expenses in excess of funds on hand or any use of the building fund monies.”

“The association requires all voting members of the board of directors to have access for review purposes to the irs form 990 prior to it being filed with the internal revenue service. The association executive will arrange for our association accountant to attend a board meeting prior to the due date of the return to review the current form 990 with the board. Each board member will be given the opportunity to ask any questions or object to any information presented in the return. If objections cannot be resolved, our accountant will file an extension. Once the objections are resolved, our accountant will provide a final copy of the form 990 electronically and will e-file the original with the irs after obtaining authorization to do so from the association executive. The minutes of the board of directors meeting will reflect this review.”

“The association and general counsel shall determine if a material conflict of interest exists. If it is decided that a material conflict of interest exists, the officer or director shall be promptly notified of the decision. If the material conflict of interest relates to a matter which is the subject of current or upcoming discussion, the officer or director shall not: 1) participate in the discussion of the matter without full disclosure 2) vote on the matter and 3) may be asked by the board to leave the meeting during the discussion of the matter. If the material conflict is of an ongoing nature, the officer or director shall eliminate the conflict of interest or resign from the board and/or his/her position as officer.”

“La crosse area realtors association executive total compensation package,including base salary, bonuses, and benefits, will be determined by the personnel committee. The personnel committee consists of the president, vice president, and secretary/treasurer. The total compensation package is then presented for approval by the la crosse area realtors association board of directors. In the compensation arrangement, la crosse area realtors association primary objective is to attract and retain key executive talent as well as to pay reasonable compensation for services provided by staff. In order to ensure reasonable compensation, the personnel committee will obtain compensation comparability data for the position. The comparability data may be based on industry surveys, use of compensation consultant documented compensation of persons holding similar positions in similar organizations from form 990 of other organizations, expert compensation studies, or other comparable data. The personnel committee will document the basis for its determination concurrently with the approval of the compensation package. The documentation will contain the terms of the approved transaction and the date approved by members of the personnel committee and board of directors who voted on the decision, the comparability data that was relied on by the decision-making body and how the data was obtained.”

“The form 990 is available to the public upon request. Copies will be provided immediately in the case of in-person requests. Requests received by written, phone, fax or e-mail means will be honored by directing the requestors to www.guidestar.org. We reserve the right to charge a reasonable copying fee plus actual postage for copies if mailed. Other governing documents, conflict of interest policies and financial statements are not made available to the general public.”

“The purpose of the la crosse area realtors association is to serve its real estate market by providing programs and services which promote professionalism in the real estate industry, to facilitate the efficient transfer of information, to promote value added service of the realtor image, to encourage realtor involvement in the community and to enhance the right to own, transfer and use real property.”