Greater Augusta Association of Realtors Inc

“SEE ATTACHED BYLAWS”

“Organization has members.”

“The governing body of the association shall be a board of directors consisting of the elected officers; the immediate past president who will serve for a period of one (1) year, and six (6) realtor members of the association. Directors shall be elected to serve for terms of three years, except that at organization, one-third of the elected directors shall be elected for terms of one, two and three years, respectively, or for such lesser terms as may be necessary to complete the first fiscal year. Thereafter, as many directors shall be elected each year as are required to fill vacancies. (a) term limits. No director shall serve for more than six (6) consecutive years without a one year absence, except the immediate past president may serve a seventh consecutive year.”

“1. Expenditures. The board of directors shall administer the day to day finances of the association. Capital expenditures in excess of 5,000 or available cash, whichever is less, may not be made unless authorized by 51% of the realtor members at a board meeting, provided a quorum is present. 2. Election of officers and directors. At least two (2) months before the annual election, a nominating committee of five (5) realtor members shall be appointed by the president with the approval of the board of directors. The nominating committee shall select at least one and not more than two candidates for each office and at least one and not more than two candidates for each place to be filled on the board of directors. The report of the nominating committee shall be mailed or delivered to each member eligible to vote at least three (3) weeks preceding the election. Additional candidates for the offices to be filled may be placed in nomination by petition signed by at least 20% of the realtor members eligible to vote. The petition shall be filed with the secretary at least two (2) weeks before the election. The secretary shall send notice of such additional nominations to all members eligible to vote before the election. 3. Bylaw amdendments. Bylaws may be amended by a majority vote of the members. Voting shall be at any regular or special meeting provided a quorum is present, or by written ballot, electronically submitted ballots will be accepted on or before the time set by the board of directors for the close of voting and communicated to members in the notice of the meeting. To be accepted, any electronic transmission must set forth the member's personal password. The board of directors may, at any regular or special meeting of the board of directors at which a quorum is present, approve amendments to the bylaws, which are mandated by nar policy.”

“No review was or will be conducted.”

“Members with a conflict of interest must immediately disclose their interest at the outset of any discussions by a decision making body pertaining to the business or any of its products of services. Such members may not participate in the discussion relating to that business other than to respond to questions asked of them by other members of the body. Furthermore, no member with a conflict of interest may vote on any matter in which the member had a conflict of interest. Ownership interest is defined as the cumulative holdings of the member, the member's spouse, children, siblings and to any trust, corporation or partnership in which any of the foregoing individuals is an officer or director, or owns, in the aggregate, at least 50% of the (a) beneficial interest (if a trust), (b) stock (if a corporation) or (c) partnership interests (if a partnership), or (d) a membership interest, if a limited liability company. Each year, each member of the board of directors and all committees, task forces and other member working groups will execute a statement confirming that (i) the member commits to adhere to gaar's conflict of interest policies, and (ii) the member has not been involved in any activity or relationship that has not been disclosed as required by this policy that would constitute a conflict of interest.”

“No documents available to the public”

“OTHER”