HUNTSVILLE AREA ASSOCIATION OF REALTORS®

BOARD OF DIRECTORS MEETING AGENDA

535 Monroe Street, Huntsville, AL

Tuesday, February 19, 2012

9:30 AM

CALL MEETING TO ORDER JULIE LOCKWOOD

I. INVOCATION

II. PLEDGE OF ALLEGIANCE

III. APRROVE NALMLS MOTIONS JULIE LOCKWOOD

IV. CONSENT AGENDA JULIE LOCKWOOD

a) Motion to approve the HAAR Consent Agenda/Minutes

V. TREASURER’S REPORT KATHY MANN

a) Audit

VI. PRESIDENT’S REMARKS JULIE LOCKWOOD

a) REALTOR Day

VII. CEO UPDATE KIPP COOPER

a) Ben Porter Member Service Center

b) Member Benefits Partner

VIII. COMMITTEE REPORTS

a) ARPAC SHA JARBOE

b) Bylaws JENNIFER PERRAULT

c) Grievance TERRY LEWIS

d) Governmental Affairs STEVEN LAMAR

e) Affiliate Director CRAIG PAULUS

f) North Alabama CRS BONNIE BALLARD

g) WCR CINDI PETERS

h) YPN Huntsville JOHN EVANS

i) Building Rental Task Force ZELDA LANZA

IX. OTHER BUSINESS

a)

ADJOURN MEETING

IMPORTANT DATES

February 26 Past President/Broker Breakfast

March 5 REALTOR Day

March 7 Membership Luncheon

March 15-19 AE Institute

March 26 HAAR O&D Meeting

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BOARD OF DIRECTORS MEETING

OF

THE HUNTSVILLE AREA ASSOCIATION OF REALTORS®

February 19, 2013

CONSENT AGENDA

(Items listed on the Consent Agenda are expected to be routine and non-controversial and, unless the Board directs that an item be held for further discussion, the entire CONSENT AGENDA will be acted upon

for block approval. If the Board directs that an item listed on the CONSENT AGENDA be held for further discussion, the item will be addressed under “Other Business.”)

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HAAR Consent Agenda February 19, 2013 ITEM PAGE Approval of January Minutes 3-12 January Committee Reports 13 January/February 2013 Membership Report 14 NALMLS January Statistics 15-16

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HUNTSVILLE AREA ASSOCIATION OF REALTORS®

OFFICERS & DIRECTORS MEETING MINUTES

Tuesday, January 29, 2013

9:30 AM

PRESENT: President Julie Lockwood, President-Elect Bill Stewart, MLS President Opie Balch, Secretary/Treasurer Kathy Mann, Bonnie Ballard, Ginny Brandau, Lori Carter, Larry Carroll, Betty Hughes, Steven LaMar, Zelda Lanza, Terry Lewis, Valerie Miles, Clif Miller, Craig Paulus, Landa Pennington, Cindi Peters, Tommy Pruett, Michael Rosenblum, Rod Schumann, Robert Simons, Regina Underwood, Rod Weaver, Jan Wells ABSENT: John Evans, Attorney Bo Harrison, Lynn Kilgore, Landa Pennington STAFF: CEO Kipp Cooper, Christina Hearne, Rhonda Ricketts, Katy Means, Tammy Owen OTHERS PRESENT: Cindy Dyer At a meeting of the Officers and Directors, held at the Huntsville Area Association of Realtors, 535 Monroe Street Huntsville, AL, 35801, the meeting was called to order by President Julie Lockwood at 10:09am, Central Standard Time. Invocation was led by Julie Lockwood. Pledge of Allegiance was led by Bill Stewart. MOTION: To approve the Consent Agenda Motion Carried. TREASURERS REPORT Secretary/Treasurer Kathy Mann presented the 2012 end of year financials. PRESIDENT’S REMARKS President Julie Lockwood presented the Professional Standards, Grievance and MLS Committees for approval. MOTION: To approve the proposed Professional Standards Committee

Professional Standards

Chair: Dee James

Co-Chair: Clif Miller Rex Anderson Doris Griffin Lynda Tallyn

Gerald Maxwell Randall Cagle Shirley Brooks Doris Wilson Barbra Hubler Rod Schumann Brenda Wilson Robert Simons Landa Pennington Stella Torres Regina Underwood Gail Fay

Patricia Ledbetter Margaret Mann Liz Simmons Jan Wells Joe DeLehman Sherman Banks

B.J Boyanton Larry Perreault Valerie Miles Martha Webster Linda Becker Pat Glenn Kathleen Gardner Scott Averbuch Matt Curtis Sid Pugh Rebecca Rogers Steve Cawthon

Sophia Moore Jeff Nixon Ginny Brandau Ann Owens Sherry Dinges Jennifer Perreault Jan Cap MaryLynn Dowling Paul Buxton

Dottie Madison Rod Weaver Isaac Winkles Patricia West Cindi Peters Jay Jones Larry Carroll Leslie Turner

Motion Carried.

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MOTION: To approve the proposed Grievance Committee

Grievance Committee

CHAIR Terry Lewis 2014

CO-CHAIR Barry Berman 2014

MEMBERS Carey Rosenblum 2014

Craig Lamar 2013

Lynn Cawthon 2013

John Morley 2015

Thelma Dawson 2015

Nancy VanValkenburgh 2015

Cliff Mann 2013

Motion Carried.

MOTION: To approve the proposed MLS Committee subject to NALMLS approval

2013 MLS Committee

Opie Balch - MLS President

Julie Lockwood Huntsville

Kathy Mann Huntsville

Bill Ward Huntsville

Jennifer Perreault Huntsville

Dee James Huntsville

Elizabeth-Cooper Golden Huntsville

Rod Schumann Huntsville

Rod Weaver Huntsville

Sha Jarboe Huntsville

Cindy Dyer Huntsville

Zach Bingham Huntsville

Valerie Miles Huntsville

Bill Stewart Huntsville

Barry Berman Huntsville

Kim Niemeier Huntsville

Linda Sheffield Huntsville

Alan Wright Huntsville

Wanda Gunter Athens/Limestone

Carol Royster Athens/Limestone

Rita Chitwood DeKalb

Not yet announced by board Etowah/Cherokee

Not yet announced by board Etowah/Cherokee

Pat Rusidoff Jackson

Patience Maples Marshall

Bruce Sanford Marshall

Linda Peek Morgan

Mike Sandoval Morgan

Motion Carried.

MOTION: To appoint Larry Carroll as Chair of the Professional Development Committee (soon to be Education Committee)

Motion Carried.

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CEO UPDATE CEO, Kipp Cooper spoke about the Installation Banquet and how big of a success it was and that this is the first year in a while that we made a profit. He said that was largely in part to some vendors that do business with us to become members and sponsor the event.

He also talked about how staff has been doing a great job working with vendors to get them to join by taking the membership cost off of their bill.

He reminded everyone that we will be switching over to logging in through Valleymls.com instead of NALMLS on February 6th

.

He demonstrated how to go in to the calendar feature of Valleymls.com and load events to your personal calendar.

He presented and read a letter from Judge Riddick regarding his request for a leave of absence. (see attachment A)

MOTION: To send a letter to Judge Riddick on behalf of our association in response to his letter

Motion Carried.

He also told everyone that the Agendas and the minutes from the meetings will be posted on Valleymls.com behind the password protected Member Portal so that all members will have access.

President Julie Lockwood inducted Directors that could not make it to the Installation Banquet. (Michael Rosenblum, Tommy Pruett and Betty Hughes)

COMMITTEE REPORTS Forms Committee Chair Rod Schumann presented the new Short Sale Addendum form for approval. (see Attachment B) MOTION: To approve the new Short Sale Addendum Motion Carried. Secretary/Treasurer and Finance and Budget Committee Chair Kathy Mann presented the motions form the Finance and Budget meeting regarding the audit. (see Attachment C) MOTION: To contract with Dent, Baker & Co to perform the HAAR/NAMLS 2012 audit at cost of $18,500 - $19,500. The audit would be done on an income tax basis. Motion Carried. MOTION: To conduct a full audit every 3 years. Motion Carried. MOTION: To have Dent, Baker & Company perform the 2012 tax filings in conjunction with the audit. Motion Carried. MOTION: To approve travel for the accounting firm doing the audit at an expense not to exceed $2000. Motion Carried. ARPAC Committee Member Zelda Lanza told everyone that at the January meeting they had a brainstorming session and it looks like 2013 will be another great year. Governmental Affairs Committee Chair Steven Lamar told everyone that they will be having their first meeting on February to get the year started. Affiliate Director Craig Paulus told everyone that he would be meeting with his predecessor to discuss the Affiliate Director role and to collaborate about the Affiliate Council for 2013.

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CRS Chair Bonnie Ballard informed everyone that their next meeting would be on the 15th

and the speaker will be speaking on short sales. They are also going to bring the CRS core class here on October 24-25. WCR President Cindi Peters said their next meeting will be in February and Colonel Hamilton will be speaking. HOA Task Force Member Betty Hughes said they will have their last meeting with Senator McCutcheon tomorrow in Huntsville and they hope to put forth some legislation. Their three main focuses are accountability, disclosure and enforcement. NEW BUSINESS CEO Kipp Cooper presented the new members that joined between 1/21-1/28 that were not in the Consent Agenda.

New Members (1/23/13-1/28/13) New office – Rocket City Real Estate Broker- Spero Zervos New Member-Deborah K Boss-Weichert Realtors, The Space Place New Member-Ashley Roundtree- Weichert Realtors, The Space Place New Member-Sarah Fisk- Signature Homes of Huntsville

MOTION: To approve new members by acclimation. Motion Carried. CEO Kipp Cooper presented the new 2013 bank card signatures for approval.

HAAR: Julie Lockwood, HAAR President Kathy Mann, Secretary/Treasurer Kipp Cooper, CEO Katy Fitzgerald, Finance Director NALMLS: Opie Balch, NALMLS President Kathy Mann, Secretary/Treasurer Kipp Cooper, CEO Katy Fitzgerald, Finance Director

MOTION: To approve the presented 2013 bank card signatures. Motion Carried. Bill Ward presented the changes to the HAAR travel policy (see Attachment D) MOTION: To approve new changes to the HAAR travel policy. Motion Carried. President Julie Lockwood shared with everyone that Betty Hughes was awarded the Robert Jemison Award and Margaret Mann was awarded the Mickey Phillips REALTORS for Children Award at the AAR convention last week. Meeting adjourned at 10:53 am Minutes submitted respectfully by Christina Hearne for Kathy Mann.

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Attachment A- Letter from Frank Riddick

January 22, 2013 Officers and Directors of HAAR Kipp Cooper Subject: Leave of Absence As most of you know, for the last few weeks I have had physical problems that have prohibited me from performing my duties as Governmental Affairs Director. The working agreement I have with the Association currently allows for me working 10 hours per week. Presently, due to my physical condition, I am unable to meet this requirement. Although the healing process is slow, the recent visit to my doctor indicates the prognosis is good. This letter is to request that you grant me a Leave of Absence until such a time that I am able to perform my job duties. There will be no payments or benefits involved, i.e., salary, insurance or vacation. Your favorable consideration of this request will be greatly appreciated. Sincerely, Frank Riddick

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Attachment B- Short Sale Addendum Page 1

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Page 2

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Attachment C Finance and Budget Motions 01.15.2013 F&B Motions All three motions passed the committee and were Unanimous. Motion: To contract with Dent, Baker & Co to perform the HAAR/NAMLS 2012 audit at cost of $18,500 - $19,500. The audit would be done on an income tax basis.

Rationale: The firm has approximately 20 years experience with auditing the Birmingham Association of Realtors. The firm also has over 40 years experience in services to Bill Watts, Watts Realty Co. The firm representative showed interest in doing its research on our material ahead of time. The firm was the only one willing to cap it’s expenses at $19,500 plus travel of an estimated $1,500. The firm representative has suggestions and recommendations for a number of tax strategies & advantages that could benefit our organization. The firm would start the audit planning process as soon as approval is given. They would conduct their fieldwork no later than the 2

nd week of February in order to file the corporate tax return by March 15. As well, they could do the audit in a

more timely manner by splitting their time between onsite work and remote work in order to keep the travel expenses down. The firm representative will keep the CEO and F&B committee involved in the audit process. The firm representative would address the membership (at no additional charge) after the audit is completed. Should we choose to do so, the firm can perform an “Agreed Upon Procedure Engagement” that will investigate specific areas of concern rather than performing full audits of previous years which would minimize the expense incurred and would identify areas of deficiency or irregularity.

Motion: To conduct a full audit every 3 years.

Rationale: If serious deficiencies or irregularities are discovered as a result of the 2012 audit, then F&B would recommend performing an audit every year.

Motion 3: To have Dent, Baker & Company perform the 2012 tax filings in conjunction with the audit.

Rationale: $3,500 for tax preparation is the same amount that we are paying our existing CPA firm.

Having the same firm prepare the tax return should prove timelier and will provide a new set of eyes that has experience in other REALTOR® association tax preparation.

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Attachment D Travel Policy

Travel Policy

Huntsville Area Association of REALTORS®, Inc. REIMBURSED EXPENSE

The following is to be used as a guideline for determining reimbursable expenses for Huntsville Area Association of REALTORS® (HAAR) personnel, officers, directors and others as noted while doing the work of, or representing the association. The number of attendees designated for any one meeting and expenses to be reimbursed may vary from

time to time with economic conditions and with changing personnel and directors. The information contained below is to be used as an overall guideline for reimbursement. Every effort should be made to be a good steward of the Association’s resources, to include booking flights at least 30 days in advance and taking advantage of any discounts. Travel expenses must be reasonable and adequately documented to satisfy the Association’s policy and IRS regulations. The staff has a DUTY to question expenses that appear excessive or are unsubstantiated. OFFICERS OF THE ASSOCIATION:

See Reimbursement Procedures below (Rev 11-2012) Officers are to attend AAR Winter Conference, AAR Summer Conference and AAR Annual Convention, NAR Mid-Year Meeting and NAR Annual Convention, and any other meetings approved by the Officers and Directors. The President Elect is also to attend the NAR Leadership Summit. (Note: First Vice President and Secretary/Treasurer expenses are to be reimbursed by NALMLS.) (Rev 4-2012)

1. Registration Fees. (Early Registration Amount Only). 2. Transportation costs 3. Room (Reimbursement for Leadership Summit is at full room rate) 4. Tickets to special functions 5. Meals

CHIEF EXECUTIVE OFFICER/EXECUTIVE VICE PRESIDENT:

See Reimbursement Procedures below (Rev 11-2012) 1. Registration Fees. (Early Registration Amount Only). 2. Transportation costs (Car-pooling recommended but not required) 3. Room (Reimbursement at full room rate) 4. Tickets to special functions 5. Meals

Meetings to include All AAR Meetings, All National meetings AAR/NAR Executive Officer's Seminars, and the Annual Convention of the ASAE. Any other expenditures are to be approved on a case-by-case basis by the Executive Committee. STATE DIRECTORS REPRESENTING THE HUNTSVILLE AREA ASSOCIATION OF REALTORS AT ALL AAR MEETINGS:

See Reimbursement Procedures below (Rev 11-2012) 1. Reimbursement for "Early Bird" registration fees to AAR Summer Conference and AAR Annual Convention. 2. Transportation costs 3. Room 4. Meals 5. AAR Winter BOD Meeting: No room reimbursement for winter meeting. One day per-diem plus driver’s

reimbursement (round trip not to exceed $100 if car-pooling with an eligible traveler or $50 if driving solo). NATIONAL DIRECTORS REPRESENTING HAAR AT NAR MEETINGS:

See Reimbursement Procedures below (Rev 11-2012) 1. Registration Fees. (Early Registration Amount Only). 2. Transportation costs 3. Room (Reimbursement for Leadership Summit is at full room rate) 4. Tickets to special functions 5. Meals

HUNTSVILLE AREA ASSOCIATION DIRECTORS:

See Reimbursement Procedures below $200 stipend for attendance at AAR Winter Conference or AAR Summer Conference. (Rev 4-2012) HAAR COMMITTEE OR TASKFORCE CHAIRMEN ATTENDING THEIR RESPECTIVE AAR COMMITTEE MEETINGS. HAAR MEMBERS SERVING ON AAR COMMITTEES AND TASK FORCES:

Up to $200 reimbursement per trip. (1 reimbursement per trip, regardless of how many additional meetings are attended on that trip.) HAAR REALTOR® MEMBERS RECEIVING AAR or NAR AWARD:

Reimburse travel, hotel and registration expenses to any HAAR member, who has received an AAR or NAR Award and must travel to an AAR or NAR meeting to accept the award. This reimbursement shall follow the same criteria as State

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Directors. REIMBURSEMENT PROCEDURE

1. It is the traveler’s duty to minimize costs wherever possible by car-pooling, taking public transportation, splitting

cab expense, splitting costs of hotel rooms. (Rev 11-2012)

2. Prior to attending conventions, meetings, etc. members that have received approval by the Officers and Directors for reimbursement by the Huntsville Area Association of REALTORS®, should obtain an expense report form from the Association's bookkeeper or Executive Officer.

3. The completed expense report form must be returned to the Executive Vice President within 30 days of

attending meetings and shall not extend into a new fiscal year and be submitted with a written report.

4. In general, receipts should accompany each item on the expense report whenever possible and must accompany any expense in excess of $25.00. In particular, receipts must accompany items such as travel, lodging, etc., and should be well documented. Receipts are not required for meals covered by the per diem.

5. Reimbursement shall be made in only one category. There shall be no duplication of reimbursement.

6. Per Diem shall begin the day of the first attended meeting unless the time of and distance to the first meeting

requires the member to leave the day before. In such case, the Per Diem shall be $40 for the departure day and $50 for each remaining day. Per Diem shall end the same day as the last meeting unless the time of and distance from it requires the member to stay over another night. In such case the Per Diem shall be $40 for the departure day. (Rev 11-2012)

7. Each traveler will be reimbursed one-half of the total room cost. Reimbursement is calculated at the lesser of Hotel Block Rates or Staff Liaison Select Room rate to be determined by staff liaison to O&D as the lowest achievable price 30 days prior to travel. (Select Rooms to be evaluated based on proximity to meeting, parking and general accommodations). (Rev 11-2012) Unless otherwise specified, Hotel rooms shall be reimbursed beginning the night of the first meeting unless the time of and distance to the first meeting requires the member to leave the day before. Reimbursement shall end the morning of the last meeting unless the time of and distance from it requires the member to stay over another night. (Rev 11-2012)

8. Each solo driver will be reimbursed one-half the rate listed below or full rate if car-pooling with other eligible travelers. Transportation costs, to be claimed by the driver only, are limited to the lesser of standard mileage rate at allowable per mile set by IRS, plus parking, or coach airfare. Airfare cost to be determined by staff liaison to O&D as the lowest achievable price flight including one (1) checked bag 30 days prior to travel and transportation to hotel. Car-pooling is encouraged and will be considered when determining whether flying or driving is justifiable. (Rev 11-2012) If reimbursable airfare savings can be shown to offset additional Per Diem and Hotel charges by extending the member’s stay (such as over a Saturday etc.) the additional day(s) Hotel and Per Diem will be reimbursed.

9. Reasonable expenses for tips (non-food related), taxi, bus, parking, tolls, hotel internet access, etc. are reimbursable. (rev 4-2012)

10. Entertainment expenses not related to association business, mileage for side trips, ancillary hotel charges (such as, but not limited to: room service, movies, phone calls, mini bar, wet bar, dry cleaning, health club fee, snacks etc.) are not reimbursable.

11. Eligible travelers are only those people who would qualify for reimbursement under this travel policy.

ELIGIBILITY An eligibility list should be formalized by the Officers and Directors of the Huntsville Area Association of REALTORS® at the beginning of each year or no later than prior to each meeting or convention involving travel expense. OTHER EXPENSES Any other expense shall be submitted for approval on a case-by case basis. The staff has a DUTY to question expenses that appear excessive or are unsubstantiated. Revision Date Effective: 4/1/2009, 4/24/2012, 11/14/2012

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February Committee Reports ARPAC Our next committee meeting will be held February 22nd. We will be finalizing a date and location for our first event for 2013. We will review how much of our ARPAC goal has been met so far and putting in to place ways to recognize major donors from 2012 throughout this year. We continue to discuss educating the membership about ARPAC and how we (ie committee, leadership, experienced agents) have to lead by example when it comes to ARPAC, our investment and education of the importance in investing. BYLAWS No Report. CARAVAN No Report. FINANCE & BUDGET No Report. FORMS No Report. GRIEVANCE No Report. GOVERNMENTAL AFFAIRS Governmental Affairs has moved our meeting until February 19th due to overcrowding this past Tuesday. This will be our first meeting of the year and we will be introducing ourselves, reviewing the items from the state Committee, and identifying issues for our attention in 2013. MEMBER PROFITABILITY No report. ORIENTATION No Report. PROFESSIONAL STANDARDS No Report REALTORS in Action No Report.

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Jan-Feb., 2013 HAAR MEMBERSHIP REPORT

The Huntsville Area Association of REALTORS® has received 2 Designated REALTOR® Applications, 4 REALTOR® Applications, 2 Affiliate Applications and 3 Member Benefits Partners from Jan. 28, 2013 thru Feb. 19, 2013.

DESIGNATED REALTOR® Alexandria Brazelton-Cothron Alex and Company, LLC Loretta Largo Leading Edge Realty, LLC

REALTOR®

Debra Broadway Exit Realty of the Valley-HSV Jennie Champion Weichert Realtors, The Sp Place Jeanne Delhommer Signature Homes of Huntsville Rose King Legend Realty

AFFILIATE

Amy Elmore Alabama Title-Closing Services David Mullins Mullins, LLC

MEMBER BENEFITS PARTNER Shea Brandon Superior Trimmers Bubba Conner Bubba’s Silver Spoon Catering Gregory Glass Schlotzsky’s/5 Guys/Noodles

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Alabama Housing Statistics Reporting Form North Alabama Multiple Listing System, Inc. (NALMLS)

Board: HUNTSVILLE AREA ASSOCIATION OF REALTORS (Madison County)

Month: January, 2013

MONTHLY TOTALS (This represents our previous form.)

# Sold This

Month

Average Selling

Price

Median Selling

Price

Average Days

On Market

# of Units on

the Market

Total 270 $199,082 $169,900 85 2842

# Pending

This Month

Average

Pending

Price

Median Pending

Price

Average Days

On Market

# of Units Currently

Pending

Total 282 $185,460 $172,000 115 529

BY PROPERTY TYPE (Please mark "NR" if MLS cannot retrieve these figures)

# Sold This

Month

Average Selling

Price

Median Selling

Price

Average Days

On Market

# of Units on

the Market Existing SF

(Single Family,

Garden &

Townhomes):

184 $180,219 $144,000 115 2,245

Condo(New &

Existing): 5 $82,050 $53,600 94 117

New Construction:

(Single Family,

Garden &

Townhomes)

81 $249,156 $224,322 36 479

PRICE DISTRIBUTION

Price Range: # of Total Sales: AVG DOM # of Current Active Listings

$99,999 OR UNDER 57 76 533

$100,000 - $124,999 21 95 265

$125,000 - $149,999 36 86 309

$150,000 - $199,999 58 66 546

$200,000 - $249,999 30 43 365

$250,000 - $299,999 23 127 303

$300,000 - $349,999 16 35 148

$350,000 - $399,999 10 103 121

$400,000 - $449,999 6 57 54

$450,000 - $499,999 4 18 55

$500,000 - $549,999 2 195 24

$550,000 - $599,999 3 75 30

$600,000 - $649,999 1 330 13

$650,000 - $699,999 0

13

$700,000 - $749,999 0

7

$750,000 - $799,999 0

9

$800,000 OR OVER 3 150 47

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These statistics should represent residential sales of houses, condos and townhomes in

your board area.

For this report, please use statistics for single-family residential sales only. Do

not include lots or commercial properties.

Please complete this housing survey form and return it to AREREC by 15th of the month

following the survey month.

For your information, the median sales price is the price that lies in the middle of

the list of prices of homes sold, ranked in order of amount (lowest to highest or vice

versa). In other words, half the homes in

your area sold for more, half sold for less. Smaller boards may be able to determine

that price with the least effort. In most cases, boards with an MLS can use their MLS

software to generate this monthly number.

Professional Standards Amendments

And

Motions to the Policy and Procedure Manual

Amend

The Association currently requires a $250.00 deposit from both parties involved in an

arbitration. This deposit is non-refundable. The Professional Standards Committee is

requesting to amend the deposit to $350.00.

Justification

We calculated the cost of the Association doing an Arbitration case. The current estimate is

approximately $666.50. This cost includes copy cost, mailing cost and staff time.

NAR will not allow the deposit to exceed $500.00

Motion

Motion to require a deposit of $350.00 for request of a procedural review hearing. This deposit

if non-refundable.

Justification

Section 55. Request for Procedural Review by Directors (a) A written request for procedural review of the arbitration hearing procedures must be filed with the President within twenty (20) days after the award has been served on the parties and be accompanied by a deposit in the sum of $_______ (not to exceed $500).

Bylaws: National Association of REALTORS requested changes to the Bylaws brought forth by the Bylaws committee. (see below)

Huntsville Area Association of REALTORS Bylaws

ARTICLE V - APPLICATION, QUALIFICATION, AND ELECTION

SECTION 2. QUALIFICATION.

NOTE: Addition of item 5 requested: 5. Has no record of official sanctions involving unprofessional conduct. The Association will only consider the following:

A. Judgments against the applicant within the past three (3) years of violations of (1) civil rights laws, (2) real estate license laws, and (3) or other laws prohibiting unprofessional conduct against the applicant rendered by the courts or other lawful authorities. B. Criminal convictions if (1) the crime was punishable by death or imprisonment in excess of one year under the law under which the applicant was convicted, and (2) no more than ten (10) years have elapsed since the date of the conviction or the release of the applicant from confinement imposed for that conviction, whichever is the later date (Amended 05/07)

NOTE: The Association will only consider judgments within the past three (3) years of violations of (1) civil rights laws; (2) real estate license laws; (3) or other laws prohibiting unprofessional conduct against the applicant rendered by the courts or other lawful authorities; and (4) findings of violations of the Code of Ethics of the National Association of REALTORS® resulting in suspension or expulsion from any Member Board or Association in which the applicant was a Member. In those instances where the courts or other lawful authorities have rendered judgments or imposed sanctions against the applicant, the Association may consider the applicant’s compliance with those punishments and sanctions during the three (3) years preceding its determination of eligibility for membership.

ARTICLE VI - PRIVILEGES AND OBLIGATIONS

SECTION 13. HARASSMENT.

Any member of the Association may be reprimanded, placed on probation, suspended or expelled for harassment of an Association or MLS employee or Association Officer or Director after a hearing a hearing an investigation in accordance with the established established procedures of the Association. Disciplinary action may also consist of any sanction authorized in the Association’s Code of Ethics and Arbitration Manual. As used in this section, harassment means any verbal or physical conduct including threatening or obscene language, unwelcome sexual

advances, stalking, actions in including strikes, shoves, kicks, or other similar physical contact, or threats to do the same, or any other conduct with the purpose or effect of unreasonably interfering with an individual’s work performance by creating a hostile, intimidating or offensive work environment. The decision of the appropriate disciplinary action to be taken shall be made by the investigation team comprised of the President, and President Elect and/or Vice President one (1) Member of the Board of Directors and One (1) person from the general membership selected by the highest ranking Officer not named in the complaint, upon consultation with counsel for the Association. Disciplinary action may include any sanction authorized in the Association’s Code of Ethics and Arbitration Manual. If the complaint names the President, President Elect and/or Vice President, they may not participate in the proceedings and shall be replaced by the Immediate Past President, or alternatively, by another Member of the Board of Directors selected by the highest ranking Officer not named in the complaint.

Note: Suggested procedures for processing complaints of harassment are available online at http://www.realtor.org/mempolweb.nsf/pages/HarassmentProcedure?OpenDocument. (Amended 05/08)

• Recommendation: Change the name of Professional Development to Education Committee.

ARTICLE XIII - COMMITTEES

SECTION 1. STANDING COMMITTEES. A. The President shall appoint from among the REALTOR® Members, subject to confirmation by

the Board of Directors, the following committees: (03-10) Finance & Budget Professional Development Education Committee Grievance Orientation Governmental Affairs Personnel Policy ARPAC Professional Standards Bylaws Caravan Forms