Real Estate Educational Programs Inc.

“The Form 990 will be provided to appropriate members of the governing body.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.An interested person may make a presentation but shall leave the meeting during discussion of, and the vote on, the transaction or arrangement. A disinterested thrid party may be appointed to investigate alternatives to the proposed transaction or arrangement. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain.”

“The 990 is available on Guidestar.org and via direct request.”

“As required, Form 1023 and other governing documents are available to the public upon request. The request must be made in writing to the address on the tax return. If documents are needed at a rush or additional costs are incurred to provide them, a fee may be charged at the discretion of the President.”

“In accordance with the foundational documents, the house was built during 2014 and 2015. The house will be sold in 2015 and the proceeds will be routed back into the organization with excess donated to universities or colleges which provide for undergraduate or graduate level programs related to the real estate industry. Almost $50,000 in noncash constributions were received during 2014 from the variuos vendors who were active in this mission including reduced costs of equipment, materials, permits, and architecture fees. In addition there were contributions of expenses never reported as a numerical amount to the company.”