Realtor Association of Sarasota And

“The Association has six classes of members: REALTOR Members, Institute Affiliate Members, Business Partner Members, Honorary Members, Student Members, and Administrative Members. REALTOR Members are entitled to vote and to hold elective office in the Association.”

“The Board of Directors and Officers of the Association are elected at the annual membership meeting by the REALTOR Members.”

“The bylaws may be amended by a majority vote of the REALTOR Members present and qualified to vote at any meeting at which a quorum is present, provided such proposed amendment or amendments shall be plainly stated in the call for the meeting, or by a mail, facsimile, or electronic ballot with two-thirds vote of five percent of the REALTOR membership qualified to vote. 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 the National Association of Realtors' policy.”

“The Form 990 is reviewed by the CEO and the Executive Committee of the Board of Directors prior to filing.”

“At the beginning of each meeting, the presiding person reminds everyone about the Conflict of Interest Policy and inquires whether any member has a conflict or potential conflict to report. The minutes reflect any conflicts declared either at that time or later in the meeting.”

“An Evaluation Committee meets annually in the fall to evaluate the performance of the CEO. At that time, they are provided with a copy of salary surveys from the National Association of Realtors, the American Society of Association Executives and a survey of like-size REALTOR Associations' CEO compensation reported on their respective latest Form 990. The committee evaluates the progress made toward achieving the objectives established in the Strategic Plan for the year, and other objectives set in the prior year's evaluation to determine the achievements of the CEO. They review the salary surveys and determine the salary for the subsequent year. The report is made to the Executive Committee, who authorizes the salary for the subsequent year.”

“For all other employees, the CEO uses the same salary surveys aforementioned to establish compensation based on experience.”

“Disclosure of governing documents is made available on the Association's web site. Disclosure of the Association's policies are disclosed as requested. The Association's financial statements are available to be viewed upon written request; only members of the Finance Committee and the Board of Directors receive copies.”