Real Estate Educators Association

“In october, the organization renegotiated its agreement with its executive director into a management agreement with their management company. Kris inman will continue to operate as the executive director under this new arrangement.”

“Membership in the association is open to any individual or organization actively involved in or concerned with real estate education and training.”

“Members in good standing may vote annually for officers and directors.”

“At all meetings of the members, all non-election matters, including amending bylaws, unless prohibited by law or these bylaws, shall be decided by the vote of a majority of members present and eligible to vote, if a quorum is present.”

“The treasurer of the organization distributes a pdf copy of the 990 to all board members for review and comment prior to the return being filed.”

“At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“The board may hire and compensate individuals for necessary services rendered to the organization so long as such compensation is reasonable. The board shall determine reasonable compensation amounts based upon compensation paid by similarly situated nonprofits for like services. An individual who is a member of the board who receives compensation, directly or indirectly from the organization for services, is precluded from participating in discussions or votes pertaining to their own compensation.”

“The organization will provide, in a timely manner, financial statements and governing documents including its conflict of interest policies when requested in writing or in person.”