Williamson County Assoc of Realtors

“Classes of MembershipThe members of the Association consist of the following classes:REALTOR MembersProvisionary MembersFranchise REALTOR MembersDesignated REALTOR MembersPrimary and Secondary REALTOR MembersInstitute Affiliate MembersAffiliate MembersPublic Service MembersHonorary MembersREALTOR EmeritusStudent MembersREALTOR MembersREALTOR Members, whether primary or secondary shall be: Individuals who, as sole proprietors, partners, corporate officers, or branch office managers, are engaged actively in the real estate profession, including buying, selling, exchanging, renting or leasing, managing, appraising for others for compensation, counseling, building, developing or subdividing real estate, and who maintain or are associated with an established real estate office in the state of Texas or a state contiguous thereto. All persons who are partners in a partnership, or all officers in a corporation who are actively engaged in the real estate profession within the state or a state contiguous thereto shall qualify for REALTOR membership only, and each is required to hold REALTOR membership (except as provided in the following paragraph) in an association of REALTORS within the state or a state contiguous thereto, unless otherwise qualified for Institute Affiliate membership. In the case of a real estate firm, partnership, or corporation whose business activity is substantially all commercial, only those principals actively engaged in the real estate business, in connection with the same office, or any other offices within the jurisdiction of the association in which one of the firm's principals holds REALTOR membership, shall be required to hold REALTOR membership unless otherwise qualified for Institute Affiliate membership. Individuals who are engaged in the real estate profession other than as sole proprietors, partners, corporate officers, or branch office managers and are associated with a REALTOR member and meet the qualifications.Provisional Members Any individual or entity seeking membership shall become a Provisional Member upon successful completion of the application for membership and submission of dues and fees until such time that the Board of Directors votes to approve membership. Provisional Members are not entitled to vote or serve as a director or Officer. Provisional Membership may not last more than 120 calendar days from the date of application and payment of dues and fees.Franchise REALTOR Membership Corporate officers (who may be licensed or unlicensed) of a real estate brokerage franchise organization with at least one hundred fifty (150) franchisees located within the United States, its insular possessions, and the commonwealth of Puerto Rico, elected to membership pursuant to the provisions in the NAR Constitution and Bylaws. Such individuals shall enjoy all of the rights, privileges, and obligations of REALTOR membership (including compliance with the Code of Ethics) except: obligations related to association-mandated education, meeting attendance, or indoctrination classes or other similar requirements; the right to use the term REALTOR in connection with their franchise organization's name; and the right to hold elective office in the local association, state association, and National Association.Primary and Secondary REALTOR Members An individual is a primary member if the association pays state and National dues based on such membership. An individual is a secondary member if state and National dues are remitted through another association. One of the principals in a real estate firm must be a designated REALTOR member of the association in order for licensees affiliated with the firm to select the association as their "primary" association.Designated REALTOR Members Each firm (or office in the case of firms with multiple office locations) shall designate in writing one REALTOR member who shall be responsible for all duties and obligations of membership, including the obligation to arbitrate (o”

“Officers and directors shall be elected by a majority vote of the members casting ballots.”

“The Bylaws may be amended by a majority vote of the members present or by the majority vote via electronic means sent to members qualified to vote at any meeting.”

“The return was prepared by the Association's CPA. The CEO reviewed the return before it was filed.”

“The Association's independent Board draws upon other board experience, business experience, discussions with other organizations, and any other sources considered necessary to determine compensation for the CEO.”

“Certain other documents available upon request.”

“CTXNOW change in net assets = $37061”

“Transfer of MLS liabilities to CTXNOW = $97300”