Jan 2011 Board of Directors Meeting

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Joyce Thomas, ABR, CRS, ePRO , GRI

2011 MAR President

Miles Noennig

Greater Springfield Board of REALTORS

W.B. Bart Tichenor, J.D., PRP

Joyce Thomas

Approval of Oct. 1, 2010 Board of Directors meeting minutes

Approval of bylaws revisions

Real Property Resource

Ohan Antebian

2010 Leadership Academy Project

Sean Moore

Professional Standards Seminar

CENTER Report

Doug Andrews

To provide a comprehensive, catalogued database of real estate information on every parcel of property in the United States.

RPR is a national repository of

Parcel-centric property information

For the exclusive use of REALTOR members

Delivered through a cutting edge application

At no charge to REALTORS

Publicly traded company?No

Partnership with third party vendors?No

Joint Venture project?No

100% owned by NARs Members?Yes

Any and all return from NARs investment in RPRs technologies, including any revenues, are for the sole benefit of NARs members

Whats next?

Broker Tools

Commercial

Appraisers

MLS/Associations

100% of REALTORS

launched in 2011

Data Analysis

Branding

Affiliated Services Promotion

Delegated Servicing

Communication and outreach

Core service integration

Charlotte Region Commercial Board of REALTORS been selected to lead the beta process, with participation from commercial members in other beta sites

Development process similar to the RPR Mobile Game Changer challenge:

Collaborative assessment of available data and tools by the task force

Search application design focus group

Report design and prototyping, with emphasis on retail and psychographic data (similar to CCIM STDB)

Incorporation of task force feedback, and design iteration

Build out during Summer, 2010

Task force becomes initial beta test group

Begin Beta launch in Q1, 2011

Report generator to provide statistics and trends across the MLS

On demand reports, charts, graphs

Exportable in maps, charts, email, lists

Designed for state and local associations as well as MLSs

Q1 availability

MLS data can be shared via RPR with any other participating MLS

Limited to REALTOR members of participating MLSs

Any reciprocal agreements for cooperation and compensations are between the parties

Can be created or altered at the direction of the MLS at any time

The goal of the RVM is to create the gold-standard automated valuation product, in order to conform underwriter, servicer, and government collateral analysis with a product owned, powered, and provided by REALTORS

Market focus on:

Accuracy: 72% PPE10

Data license integrity: Many AVMs contain listing data which is bootlegged from IDX vendors, consumer Web sites, and the MLS

Available in each market with 90%+ coverage

Launched at MBA in October

Support center located in Chicago, IL

Open 24x7

For end-users as well as MLS staff in conjunction with each market launch

Focused on application support as well as business goal achievement

Instructor-led and pre-recorded training

Tightly-coupled online Support Center, knowledge base, and issue management system

One Year Agreement

Non-Exclusive

Non-Compete Clause

No data feeds from RPR to any third parties

Two RPR products

RVM analytics

Match and Append

No listing level, seller level or property detailinformation

No Consumer Access

No Paid Subscriptions

No Data from listing re-syndicators

No Fine print

The data in RPR is owned by the members

and provided only to the members.

Timely posts about RPR programs and opportunities

Interactive MLS Partners map

MLS/CIE Enrollment package

Interactive FAQs

Weekly schedule of live RPR System demonstrations

Archived Pre-recorded Demonstration Videos

RPR e-newsletter

Chuck Livieri

Candidates for 2012

Missouri Association of REALTORS Treasurer

Vote for one

#2 Jim Gamble

#4 Gary Nelson

Amy Henderson, J.D., senior vice president and director of legal services

Start date: Feb. 1, 2011

Ron Phipps, NAR president

Joyce Thomas, MAR president

Presidents of 37 local boards/associations

REALTOR Trademark Video

Home Ownership Matters Commercial

Virtual town hall Monday, Jan. 24, 3 p.m. ET with 2011 NAR President Ron Phipps

Register online atwww.realtor.org

New MREC requirement

Digital, 10-minute process

44 locations across the state

Fee: $52.20

Available today until 5:00 p.m.

By appointment only

Sharon Keating, ABR, CRS, GRI, SRES

2011 Treasurer

La Nora Kay

Recommendations from Jan. 21, 2011,

Executive Committee meeting regarding MAR committee motions

To approve $135,000 from Unrestricted Net

Assets to fund a campaign to oppose a sales

tax on services (a/k/a the Fair Tax.)

To approve up to $20,000 from Unrestricted

Net Assets for redesigning MARs website.

That the Association oppose any action that

would impose a sales tax on service.

That the Association oppose any action that

would impose a sales tax on real property

leaseholds or the sale or transfer of any

interest in real property.

That the Association, acting through the Executive

develop and execute an action plan to defeat any

proposal that would impose a sales tax on services or

sales tax on real property leaseholds or the sale or

transfer of any interest in real property.

To support HB 35, HB 46, HB 86, HB 90, HB

108, HB 122, SB 61, SB 108 (page 1 and 2 of

the bill packet (yellow page)) and SB 71 (page

8 of bill packet (blue sheet))

To oppose HB 152, HJR 8 and SJR 1 (page 3

of the bill packet (green sheet))

To spend from unrestricted net assets the sum

of $135,000 for start-up money for a committee

to be organized to oppose sales tax on

services and/or a sales tax on real property

leaseholds or the sale or transfer of any

interest in real property.

Article XII. Reserves

Section 1. Legal Action Reserve Fund.

Unless otherwise determined by the Board of Directors, each annual budget shall allocate not

less than $25,000 to the Legal Action Reserve Fund (hereinafter known as the LA Reserve)

until such time as the LA Reserve reaches $300,000 (hereinafter known as the Funding

Level). If the LA Reserve falls below the Funding Level, unless otherwise determined by the

Board of Directors, each annual budget thereafter shall allocate not less than $25,000 to the

LA Reserve to replenish the LA Reserve to the Funding Level. The Board of Directors may, at

Any time, allocate additional monies to the LA Reserve up to or over the Funding Level. Any

monies in the LA Reserve over the Funding Level may be reallocated at any time by the Board

of Directors to any other fund, reserve or otherwise, of the State Association. Interest income

allocation and other income from the investment of the LA Reserve shall accrue to and

become a part of such LA Reserve up to and above the Funding Level. The specific purpose

of the LA Reserve is the prosecution or defense of lawsuits brought by or against the State

Association or its officers, or, when determined appropriate by the Board of Directors, one or

more members of the State Association. (2005)

Section 2. Repair and Replacement Reserve Fund.

Unless otherwise determined by the Board of Directors, each annual budget shall allocate not

less than $20,000 to the Repair and Replacement Reserve Fund (hereinafter known as the

RR Reserve) until such time as the RR Reserve reaches $200,000 (hereinafter known as the

Funding Level). If the RR Reserve falls below the Funding Level, unless otherwise

determined by the Board of Directors, each annual budget thereafter shall allocate not less

than $20,000 to the RR Reserve to replenish the RR Reserve to the Funding Level. The

Board of Directors may, at any time, allocate additional monies to the RR Reserve up to or

over the Funding Level. Any monies in the RR Reserve over the Funding Level may be

reallocated at any time by the Board of Directors to any other fund, reserve or otherwise, of

the State Association. Interest income allocation and other income earned from investment of

the RR Reserve shall accrue to and become a part of such RR Reserve up to and above the

Funding Level. The specific purpose of this reserve is to provide a fund to repair or replace the

headquarters building, its furniture (including Office and all other Production Equipment),

fixtures, and grounds improvements thereon and to provide for any necessary future

expansion of the headquarters building. (2005)

Section 4. Allocation of Investment Income.

Investment income accrual to the Reserve Accounts shall be determined by the State

Association CFO (Chief Financial Officer) after December 31 each year and before the annual

audit. All investment income during the fiscal year shall be reflected in the investment income

line item of the current year's budget. Investment income shall be apportioned as follows.

(2007)

The total fund balance of the State Association shall constitute one hundred percent (100%),

with the balances in the appropriate Reserve Accounts constituting a percentage of the total

fund balance. This percentage shall be figured based upon each appropriate Reserve balance

as of December 31 annually.

The percentage representation to the total fund balance of the appropriate Reserve Accounts

will then be applied to the total investment income then accrued to the specific Reserve

account. (2005)

Section 5. Creation of Reserves.

(a) The creation of special purpose or temporary Reserves, as recommended by the Finance

Committee, shall require the majority vote of the Executive Committee. The use of Reserves,

which restricts the budgetary controls normally exercised in daily accounting and required by

Generally Accepted Accounting Standards and Practices, shall be limited.

(b) Special purpose or temporary Reserves shall include firm sunset provisions as

recommended by the Finance Committee and approved by majority vote of the Executive

Committee.

(c) The creation of permanent Reserves, as recommended by the Finance Committee, shall

require the majority vote of the Executive Committee. The use of additional permanent

Reserves shall be severely limited due to the loss of budgetary controls normally exercised in

daily accounting and required by Generally Accepted Accounting Standards and Practices.

(2005)

Next BOD meeting: April 21, 2011

Hilton Convention Center, Branson

Business

Jan 2011 Board of Directors Meeting