Realtor University

“Compensation paid to the ceo and officers was set by the national association of realtors, a related tax-exempt entity. Therefore, these questions are more appropriately answered as "n/a"”

“The University's financial statements are consolidated into the financial statements of the Center for Specialized REALTOR Education (CSRE), an Illinois nonprofit”

“See above.”

“There were no committees with authority to act on behalf of the governing body.”

“The Form 990 is reviewed and approved by the Chief Financial Officer before it is filed. The CFO then presents the return to the entire Board of Regents at its December 2020 meeting.”

“The University uses/follows the conflict of interest policy of the Center for Specialized REALTOR Education. On an annual basis, the directors and officers of the organization received a questionnaire designed to the help identify any conflicting issues that may need to be addressed by the governing body. If any conflicts are noted, they are addressed by the Board in a timely manner. Also, if necessary, the NAR General Council is consulted about appropriate steps to take if a conflict is identified. Any person that has a conflict is not allowed to vote on transactions or decisions for which that individual may personally benefit. Steps to alleviate, monitor and deal with conflicts such as restricting the actions of persons with a conflict by prohibiting them from participating in the governing body's deliberations and decisions for a particular transaction.”

“The organization makes its governing documents and financial statements available to the public on a case by case basis upon request. Conflict of interest policies are available upon request at any time.”

“In October 2019, the University's Board of Regents adopted a resolution calling for the orderly cessation of the University's academic operations by the end of calendar year 2020. This cessation is the result of a partnership agreement entered into by and between NAR, CSRE, and Columbia College of Columbia, Missouri, a regionally accredited, private, nonprofit institution of higher education, providing for certain academic benefits to NAR members and University alumni. The Board of Regents further directed the development of a teach-out plan providing existing students the opportunity to complete their course of study. This plan was filed with the IBHE and DEAC on November 6, 2019 and both entities communicated their acceptance of the plan. The decision as to the final disposition of the REALTOR University corporate entity after the conclusion of the teach-out process will be determined by the Board of Regents in 2020.”