Tahoe Sierra Board of Realtors

“(a) Each applicant for membership shall submit an application in such manner and form as may be prescribed by the B.O.R., Board of Directors (hereinafter Board of Directors) and give his or her consent that the Board of Directors, through the B.O.R., Membership Committee (hereinafter Membership Committee) or otherwise, may obtain information about the applicant from any member, other persons or Associations and that any information furnished to the Board of Directors by any member, person or Association shall not form the basis of any action for slander, libel or defamation of character. The Board of Directors, through its Membership Committee or otherwise, may consider the following in determining an applicants qualifications for membership: (1) all final findings of N.A.R. Code of Ethics violations and violations of other membership duties in any other Association within the past three (3) years; (2) pending ethics complaints or hearings; (3) unsatisfied discipline pending; (4) pending arbitration requests or hearings; (5) unpaid arbitration awards or unpaid financial obligations to any other Association or Association Multiple Listing Service (MLS).(b) Applicants for membership shall be familiar with and agree to abide by the Bylaws and Rules and Regulations of the B.O.R., the Bylaws of C.A.R. and the N.A.R. Constitution, Bylaws and Code of Ethics, to the extent they are applicable, and pass such reasonable and nondiscriminatory written examination thereon as may be required by the Membership Committee. Applicants must also attend an orientation program as may be required by the Board of Directors, its Membership Committee, or otherwise.(c) Applicants who are sole proprietors, general partners, corporate officers, or branch office managers (Article V, Section 2) of a real estate firm shall certify: (1) they have no record of official sanctions rendered by the courts or other lawful authorities within the past three years for violations of (i) civil rights laws; (ii) real estate license laws; or (iii) any felony or crime of moral turpitude, and (2) that they have not been suspended or expelled from an Association the past three years for violations of the N.A.R. Code of Ethics.(d) Applicants who are sole proprietors, general partners, corporate officers, or branch office managers (Article V, Section 2) of a real estate firm must disclose: (1) whether they or their firms are subject to any pending bankruptcy proceedings; and (2) whether they or their firms have been adjudged bankrupt within the past three (3) years. If the applicant is party to pending bankruptcy or insolvency proceedings or has been adjudged bankrupt within the past three (3) years, the applicant may be required to pay cash in advance for B.O.R., and MLS fees for up to one year from the date that membership is approved or from the date that the applicant is discharged from bankruptcy, whichever is later. If the Board of Directors determines that such prepayments will not protect the interests of the B.O.R., or its members, such applications may be rejected.”

“(a) Delivery of Notices, Reports and Ballots. All notices, reports and ballots in connection with the election or removal of officers and directors may be accomplished by personal delivery, first class mail, facsimile, electronic mail or other electronic means.(b) Nomination by the Nominating Committee. At least two (2) months before the annual election, a Nominating Committee of not less than five (5) REALTOR members shall be appointed by the President with the approval of the Board of Directors. The Nominating Committee shall solicit candidates and nominees from the general membership. The Nominating Committee shall ensure there are candidates for each position to be filled. No member of the Nominating Committee may be a candidate for office or the Board of Directors. No person may be nominated for office unless they will meet all of the qualifications for the office at the beginning of the term for which they are a nominee. The report of the Nominating Committee shall be delivered to each member eligible to vote at least four weeks preceding the election.(c) Nomination by Petition. Additional candidates for the offices to be filled may be placed in nomination by petition of at least 10% 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 deliver notice of such additional nominations to all members eligible to vote by placing the name of such petitioned candidate on the ballot.(d) Election Committee. The President, may, with the approval of the Board of Directors, appoint an Election Committee of REALTOR members to conduct the election. No member of the Election Committee may be a candidate for office or the Board of Directors. The Election Committee shall set a date on or before the annual meeting, on which the election will be held.(e) Elections. Elections shall be by ballot delivered to the members. The ballot shall contain the names of all candidates and specify the office for which each is nominated. No person may be a candidate for more than one position whether nominated by the Nominating Committee or by a REALTOR member. Ballots may be submitted by the members in the manner and by the date specified by the Election Committee. There shall be no proxy votes. In case of a tie vote, the issue shall be determined by lot.”

“Changes to the governing documents require a 2/3 approval from the membership.”

“RETURN WAS REVIEWED BY THE TREASURER and CEO PRIOR TO FILING”

“Governing documents, policies and financial statements are available upon request.”

“INSTALLATION EXPENSE: Column (A) - Total = $7524; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“CONTINUING EDUCATION: Column (A) - Total = $4121; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“PROPERTY TAXES: Column (A) - Total = $2466; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“PUBLIC RELATIONS: Column (A) - Total = $2340; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“WEBSITE DESIGN AND MAINT: Column (A) - Total = $2000; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“UTILITIES: Column (A) - Total = $1752; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“REPAIRS AND MAINTENANCE: Column (A) - Total = $1360; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“STAFF TRAINING: Column (A) - Total = $1200; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“Postage and Shipping: Column (A) - Total = $600; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“LICENSES & PERMITS: Column (A) - Total = $500; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“FEDERAL INCOME TAX: Column (A) - Total = $450; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

“Attachment to tax returntahoe sierra board of realtors (tsbor) has a cost sharing agreement in place with the tahoe sierra multiple listing service (tsmls) (fein# 94-1724562). The two entities share office space and personnel. The executive vice president of tsbor is an employee of tsmls. No payroll is incurred by tsbor. The executive vice president's payroll from the tsmls is as follows:wages $ 139,656bonus 12,500benefits 17,259retirement 7,000tsbor reimburses to tsmls 40% of all general and administrative expenses.”

“Attachment to tax returnthe tahoe sierra board of realtors (tsbor) has an annual contract with a political advocate. During 2024 tsbor paid $96,673 on the contract. Tsbor shares office space and personnel with the tahoe sierra multiple listing service (tsmls) and there is a cost sharing agreement in place. During 2024 tsmls reimbursed tsbor $53,846 for its share of the 2024 political advocate contract. 5% of the political advocate's time is spent on lobbying, which would be $2,141 of the net amount paid by tsbor.proxy tax of $450 is based on $2,141 of lobbying expense and proxy tax rate of 21%.”