Austin Board of Realtors

“All employees providing services to abor are employed by austin board of realtors management corp, a related organization. Abor reimburses abor management corp for such services.”

“A dues paying member in good standing owns the right to use the realtor designation with related association services and access to the local mls system if subcribed to.”

“Abor elections are open to all primary and secondary realtor members to apply. All applicants first go through a formal vetting process conducted by the vetting committee, which is composed of nine abor volunteer members. Per the bylaws, no later than july 31 of each calendar year, the vetting committee advances up to two candidates per vacant seat to the full abor membership. Elections are then conducted using a secure third-party election service, which certifies the results. The candidates receiving the highest number of votes are elected, with the vote-getters filling the open board of director positions.”

“The members must approve changes in the bylaws and constitution. Changes to the bylaws must be approved by a majority of the voting membership responding. Changes to the articles of incorporation must be approved by 3% of the voting membership. The bylaws are also submitted to nar for compliance.”

“The form 990 is reviewed by the ceo and cfo before it is filed. The form 990 is posted online for review by board members prior to submission to the irs.”

“Each year the president of the board of directors will send each director and officer a copy of the annual statement of ownership disclosure and conflict of interest. All directors and officers must fully complete the annual statement and return it signed within 30 days. Thereafter the president must submit any disclosed potential or actual conflict of interest to the board of directors, which shall take appropriate remedial action. All new directors and officers must complete the annual statement prior to assuming their responsibilities. Any information disclosed in the questionnaire will be considered confidential and will be used only for purposes of enforcing this policy.”

“The ceo salary is reviewed annually by the board of directors and/or an outside consultant to ensure compensation in comparable to the current market. All other staff is included in a company wide compensation analysis completed by the cfo and director of human resources.”

“Austin board of realtors has developed an inspection policy to define the procedures to be followed in the external inspection of records, the "abor document external inspection prodecure" defines the steps to be taken as follows: 1) member must submit a request with a stated purpose; 2) member will be invited to abor for document inspection; 3) staff person will be present during document inspection; 4) member may flag pages he wishes copied which will be provided, at a cost, for the member to be picked up at a later date; 5) the availability of the documents are subject to abor document retention policy.”