Hawaii Get Tax on Real Estate Commissions
Hawaii Get Tax on Real Estate Commissions document sample
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2010 EO & Member REALTOR® CALENDAR This Calendar is in Word Format and available at www.arkansasrealtors.com/files/2010calendar.doc January, 2010 FIDELITY AND DISHONEST BOND FOR LOCAL BOARDS ARKANSAS REA LTORS® ASSOCIATION In an attempt to possibly assist all Local Boards fro m problems arising fro m the possibility of improper use of funds, the Arkansas REALTORS® Association has the opportunity, assuming execution of the attached agreement and strict compliance by the applicable Local Board with all te rms and conditions set forth below, to provide each participating Local Board with a Surety Bond to cover losses. The following (in addit ion to any other terms and conditions set forth in the Surety Bond) must apply in order to take advant age of the coverage: Coverage is for three signatories from your board allowed to sign checks. One of those persons should also make deposits if deposits are to be covered by the bond. An annual audit from someone who is not a signatory and appointed by your Board of Directors. This need not be from a CPA but should be someone who is experienced in auditing and bookkeeping. A monthly reconciliation of the banks statement by someone who does not sign checks or make deposits. (Who does not handle any of the monies of the Board) Two signatures on every check and no blank check signatures. E very signatory on checks or persons under coverage must take an annual vac ation away from Local Board business of signing ch ecks and making deposits. Require annual signing of an agreement with the Arkansas REALTORS® Association that the Loc al Board will abide by the conditions of coverage. If that agreement is not signed, no coverage will be afforded to the local board. Coverage, upon the express terms and conditions set forth in the Surety Bond is limited to $25,000 In order for coverage to be effective, the covered person must be convicted in a court of law. This coverage is effective for employees (full or part time) and elected Officers/Directors of the Local Board (exclusively f or duties assigned by the Local Board and not to cover any negligent or willful actions while acting as a licensee) If a Local Board has similar coverage in place, the Arkansas REA LTORS® Association recommends review of existing coverage wit h your insurance representative and legal counsel to determine whether it may be advisable for each Local Board to amend existing coverage to include a $25,000 d eductible and specify existing coverage is secondary to the Surety Bond outlined herein. The application form is available to print at http://arkansasrealtors.com/files/2008fidelity.pdf January 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 Holiday, ARA Closed 2 Dues Due Today 3 4 All local boards notify 5 6 7 8 9 ARA the names of Special Olympic Chairs for 2010 10 11 12 13 14 15 Submit names to ARA 16 of those who sign checks, handle board money and rectify the bank statement. Form on ARA Web Site. Fidelity Bond 17 18 Holiday, ARA Closed 19 20 Executive Committee, 21 22 23 10:00 AM, ARA Office 24 25 ARA President & EVP 26 ARA President & EVP 27 28 29 30 to NAR Washington to NAR Washington 31 February, 2010 AWARD FOR EXCELLENCE , GUIDELINES AND REQUIREMENTS (recap only) CONCEPT AND PURPOSE The Arkansas REALTORS® Association through the cooperation of Member Boards throughout Arkansas creates and establishes the Award for Excellence as stated above. The purpose is to provide a statewide vehicle for recognizing outstanding professional perfor mance utilizing a unifor m criterion. This shall be an annual recognition to those R EALTORS® and REALTOR-ASSOCIATES® throughout Arkansas whose real estate achievements meet or exceed the criteria and qualifications set forth herein. The spirit of the Award shall be a declaration to epitomize the REALT ORS® professionalism, as expressed in the aspirational ideals and specific obligations of the Code of Ethics, with a dherence to the Code being the first great bond among REALT ORS® throughout the country. Adherence to this spirit and its inherent obligations are innate to the AWARD FOR EXCELLENCE. LEVELS OF ACHIEVEMENT The Award for Excellence will have five levels of achievement, as set for th in these Guidelines and Requirements. The levels of achievement are Level 1: Bronze, Level 2: Silver, Level 3: Gold, Level 4: Platinum, Level 5: Diamond ELIGIBILITY The Award for Excellence will include REALTORS® in good standing with the Arkansas R EALTORS® Association at the time the tran saction(s) occurred and at the time of application for the award. Eligible R EALTORS® may apply for the Award for Excellence as an Individual Applicant or as a Team Applicant. An Individual Ap plicant is one who consummated the transaction without the aid or involvement of any licensed assistants. A Team Applicant is one who consummated the transaction w ith the aid or involvement of one or more actively licensed assistants. There will be only one award per Individual applicant. For a Team applicant, the transmittal to ARA wi ll specify the official Team Name (such as “The John Doe Team” or “The ABC Realty Team”) and the name and membership number of the Team Leader. A cer tificate w ill be issued to the T eam Leader. As authorized by a written addendum by the Team Leader to the Board’s transmittal to ARA, additional certifi cates may be issued in the name of the team to all the team members, and lapel pins may be purchased for all the team members as approved by the Team Leader. The Guidelines and Requirements for the Award for Excellence will be reviewed ev ery two years to make sure they are current. MEMBER BOARD AWARDS COMMITTEE The President of each par ticipating Member Board shall appoint a three- member- minimum Award Committee including a Chairperson. Its function w ill be to remind the membership of applicable deadlines, to distribute the application forms upon member’s request, to receive and verify completed applications, and to submit the ap plications to the Board President for his or her signature. The application for ms are to contain the signature of the applicant’s broker. If the applicant has had more than one broker during the year, a separate application for m is to be submitted for each broker. The Committee Chairperson will sign each application and will assist the Board President as needed to submit all eligib le applicants to the Arkansas REALTORS® Association on or before the annual deadline. All persons involved in the application for ms shall consider the app lication for ms as confidential and once verified by the Award Committee shall be returned to the applicant immediately for his or her own records. The Member Board’s President and the Board’s Award Committee shall take full r esponsibility for the confidential processing and verification of each application received. Application and remittance of the par ticipation fee must be made annually by eligible applicants, through the Member Board. NOTIFICATION TO ARKANSAS REALTORS® ASSOCIATION The Board President shall submit a statement written on Board stationery and containing the signature of the Board Preside nt of verification to the Arkansas REALTORS® Association, no later than February 15th of the current year, the names of all eligible par ticipants in its jurisdiction The following shall be included: The applicants name; The applicant’s principal broker’s name; The applicant’s company name; The category in which the applicant is eligible; The applicant’s mailing address and telephone number; A $30 participation fee for each applicant who does not want a lapel pin and a $35 par ticipation fee for each applicant who wants a lapel pin. The total fee will be sent to the Arkansas REALTORS® Association. Then the Member Board may submit, no later than June 15 th of the current year, a bill or invoice to show the Boar d’s costs for local publicity, and ARA w ill reimbur se the Member Board for that amount up to but not exceeding $15.00 per each applicant submitted. The publicity expense s must be v erifiable by way of a bill, invoice, or other method showing the amount spent by the Local Board. ARA encourages each local board to file electronically for much faster service. The complete set of guidelines is available at http://arkansasrealtors.net/files/AFERequirements.pdf February 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Holiday, ARA Closed 16 Awards for 17 18 19 20 Excellence are due at ARA. Electronic submissions to be processed first. 21 2pm ARA Exec 22 February Committee 23 February Meetings, 24 25 26 27 Committee meeting, Meetings, Stonebridge Stonebridge Resort, Stonebridge Resort, Resort, Branson, MO Branson, MO 9am BOD Branson 28 March, 2010 INVEST $25, $50 OR $100 IN ARPAC AND ARPAC II & GET YOUR CASH BACK!! Contribute $25, $50 or $100 to ARPAC and/or ARPACII and get your money back when you file your tax return for the 2007 tax ye ar. Initiated Act 1 of 1996 provides that you will receive a $50 tax credit (not a tax deduction) on your Arkansas Income Tax Return if you contribute up to $50 to an approved pol i t i c a l a c t ion committee. A tax credit of $100 can be taken on a joint return. Give $25 to ARP AC and $25 to ARPACII and you get it back when you file your 2007 tax return. While working to protect your right to do business as a REALTOR®, RPAC has saved the average REALTOR® $1,041 per year. Here’s how: Retained the Mortgage Interest Deduction, preventing real estate commissions from declining 26 percent, or $7,350 for the ave rage REALTOR®. • Enacted the $500,000 capital gains exclusion on the sale of a principal residence, which translates into a $755 boost in the average annual commission. • Raised the FHA loan limit creating 175,000 additional homeowners, increasing the annual commission by $331. • NAR sought and achieved penalty-free withdrawals of up to $10,000 from IRA’s used for a down payment or closing costs of a home, increasing the average REALTOR® commission by $110 per year. • Improved the deduction schedule for health insurance premiums paid the by the self -employed,which saved the average REALTOR® $75 in federal income taxes in 2006. NAR is continuing to work on this issue with Congress to make these premiums 100 percent deductible which would save REALTORS® even more money in the future. • Saved each REALTOR® an average of $420 per year on additional business-use home telephone charges. • No sales tax in Arkansas on commissions saves the average REALTOR® about $900 • No state occupation tax in Arkansas saves the average REALTOR® about $100 • Real Estate Agents exempt from highly restrictive Arkansas telemarketing bill. • Maintain the right of REALTORS® to remain Independent Contractors. Benefits of Your Contribution to the Arkansas REALTORS® Political Action Committee March 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Members who 16 17 Executive Committee, 18 19 20 contributed to ARPAC in 10:00a, ARA Office 2009 ($50 single person or $100 per joint return) have about 30 days to get their contribution back on their state income tax return. 21 22 23 24 25 26 27 28 29 30 31 NAR and ARA dues become delinquent if not received by today. Penalties will be applied. April, 2010 Accepting this standard as their own, REALT ORS pledge to observe its spirit in all of their activities and to conduct their business in accordance with the tenets set for th below Article1: When representing a buyer, seller, landlord, tenant, other client as an agent, REALTOR pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, but it does not relieve REALT OR of their obligation to treat all par ties honestly. When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity. REALTOR remain obligated to treat all par ties honestly. Article 2: REALTOR shall avoid exaggeration, misrepresentation, or concealment of per tinent facts relating to the property or the transaction. REALTOR shall not, however, be obligated to discover latent defects in the proper ty, to advise on matters outside the scope of their real estate license, or to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law. Article 3: REALTOR shall cooperate with other brokers except when cooperation is not in the client’s best interest. The obligation to cooper ate does not include the obligation to share commissions, fees, or to otherwise compensate another broker. Article 4: REALTOR shall not acquire an interest in or buy or present offers from themselves, any member of their immediate families, their firms or any member thereof, or any entities in which they have any ownership interest, any real property without making their true position known to the owner or the owner’s agent or broker. In selling proper ty they own, or in which they have any interest, REALTOR shall reveal their ownership or interest in writing to the purchaser or the pur chaser’s representative. Article 5: REALTOR shall not undertake to provide professional services concerning a proper ty or its value where they have a present or contemplated interest unless such interest is specifically disclosed to all affected par ties. Article 6: REALTOR shall not accept any commission, rebate, or profit on expenditures made for their client, without the client’s knowledge and consent. When recommending real estate products or services (e.g., homeowner ’s insurance, warranty programs, mor tgage financing, title insurance, etc.), REALT OR shall disclose to the client or customer to whom the recommendation is made any financial benefits or fees, other than real estate referral fees, the REALT OR or REALTOR’s fir m may receive as a direct result of such recommendation. Article 7: In a transaction, REALT OR shall not accept compensation from more than one par ty, even if per mitted by law, without disclosure to all par ties and the infor med consent of the REALT OR’s client or clients. Article 8: REALTOR shall keep in a special account in an appropriate financial institution, separated from their own funds, monies coming into their possession in trust for other persons, such as escrows, trust funds, clients’ monies, and other like items. Article 9: REALTOR, for the protection of all par ties, shall assure whenever possible that agreements shall be in writing, and shall be in clear and understandable language expressing the specific ter ms, conditions, obligations and commitments of the parties. A copy of each agreement shall be furnished to each par ty upon their signing or initialing. Article 10: REALTOR shall not deny equal professional services to any person for reasons of race, color, religion, sex, handicap, familial status, or national origin. REALTOR shall not be parties to any plan or agreement to discriminate against a person or persons on the basis of race, color, religion, sex, handicap, familial status, or national origin. REALTOR, in their real estate employment practices, shall not discr iminate against any person or persons on the basis of race, color, religion, sex, handicap, familial status, or national origin. Article 11: The services which REALTOR provide to their clients and customers shall confor m to the standards of practice and competence which are reasonably expected in the specific real estate disciplines in which they engage; specifically, residential real estate brokerage, real property management, commer cial and industrial real estate brokerage, real estate appraisal, real estate counseling, real estate syndication, real estate auction, and international real estate. REALTOR shall not under take to provide specialized professio nal services concerning a type of proper ty or service that is outside their field of competence unless they engage the assistance of one who is competent on such types of property or service, or unless the facts are fully disclosed to the client. Any persons engaged to provide such assistance shall be so identified to the client and their contribution to the assignment should be set for th. Article 12: REALTOR shall be honest and truthful in their real estate communications and shall present a true picture in their advertising, marketing, and other presentations. REALTOR shall ensure that their status as real estate professionals is readily apparent in their advertising, marketing, and other representations, and that the recipients of all r eal estate communications are, or have been, notified that those communications are from a real estate professional. Article 13: REALTOR shall not engage in activities that constitute the unauthorized practice of law and shall recommend that legal counsel be obtained when the interest of any party to the transaction requires it. Article 14 If charged with unethical practice or asked to present evidence or to cooperate in any other way, in any professional standards proceeding or investigation, REALTOR shall place all pertinent facts before the proper tribunals of the Member Board or affiliated institute, society, or council in which membership is held and shall take no action to disrupt or obstruct such processes. Article 15: REALTOR shall not knowingly or recklessly make false or misleading statements about competitors, their businesses, or their business practices. Article 16: REALTOR shall not engage in any practice or take any action inconsistent with the agency or other exclusive relationship recognized by law that other REALTOR have with clients. Article 17: In the event of contractual disputes or specific non-contractual disputes as defined in Standard of Practice 17-4 between REALT ORS (principals) associated with different fir ms, arising out of their relationship as REALTORS, the REALTORS shall submit the dispute to arbitration in accordance with the regulations of their Board or Boards rather than litigate the matter. In the event clients of REALTORS wish to arbitrate contractual disputes ar ising out of real estate transactions, REALTORS shall arbitrate those disputes in accordance with the regulations of their Board, provided the clients agree to be bound by the decision. The obligation to par ticipate in arbitration contemplated by this Ar ticle includes the obligation of REALTORS (principals) to cause their firms to arbitrate and be bound by any award. April 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 4 5 6 7 8 Prof. Standards 9 Ethics GRI class, for 10 Committee and ARA CE, Quadrangular & GRI Board of Directors Ethics credit. Bruce Aydt training, ARA instructor. ARA Classrooms. By invitation Classrooms. Sign up on only. line. 11 12 13 14 15 Deadline for forms 16 Assoc Exec Inst. 17 Assoc Exec Inst change suggestions Quebec City Quebec City 18 Assoc Exec Inst 19 Assoc Exec Inst 20 Assoc Exec Inst 21 Executive Committee, 22 23 24 Quebec City Quebec City Quebec City 10:00 AM, ARA Office 25 26 27 28 29 30 May 2010 LOCAL BOARD MIN IMUM SERVICES CRITERIA Have you checked on your Local Board’s Certification lately? You are required to be re -certified every three (3) years. Below is the criteria. 1. Elections and Meetings. The Board or Association must adopt Bylaws to govern its operation and elections, and membership or business meetings must be conducted in accordance with the Bylaws. 2. Dues Collect ion. The Board or Association must enforce the dues formula to assure that every licensee affiliated with a firm comprised of R EALTOR principals is either a member or that the Designated REALT OR pays dues based on the number of non-member licensees affiliated with the firm. 3. Staff Serv ices. The Board or Association must maintain or have access to staff ser vices and legal counsel. 4. Communicat ions Process. The Board or Association must provide some form of regular news bulletin or computer -based information ser vice to communicate with its members. 5. Or ientation. T he Board or Association must maintain (or provide in cooperation with another Local Boar d) an orientation program to inform new members of the privileges and obligations of membership. 6. Educational Offer ings. At least twice a year the Boar d or Association must provide or cosponsor educational offerings relevant to the real estate business. (This requirement could be met by actively promoting the availability of such courses offered by another Board or Association if such offerings are within a reasonable distance.) 7. Enforcement of the Code of Ethics. T he Arkansas REALT ORS® Association must maintain a viable professional standards process to enforce the REALTORS Code of Ethics and must provide arbitration as a member service. The Association must have a fully functioning professional standar ds committee with the administrative capaci ty to conduct the processes. All Local Boards within the State of Arkansas must be a signator y to the Statewide Professional Standards enforcement pr ocedures. Specifics on each of these seven criterion are contained in the “Minimum Services Criteria Cer tification Kit” available from the National Association of REALTORS, or from ARA. As certification and recer tification of a local board is required, the Executive Committee shall serve as the certifying body to approve or disapprove such process. ARA staff members shall support this activity. Effective January, 2007, all Local Boards shall be required to file their certification electronically with NAR and file thei r Bylaws and MLS Bylaws via email directly to NAR. The Arkansas REALTORS® Association shall have the responsibility to certify once the local boar ds has complied with electronic filing and NAR’s approval of the Board Bylaws and MLS Bylaws, if they apply. May 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 Mail all information & 4 5 6 7 8 forms for nominees for ARA officers/directors 9 10 11 NAR Midyear 12 NAR Midyear 13 NAR Midyear 14 NAR Midyear 15 NAR Midyear Legislative Meetings and Legislative Meetings and Legislative Meetings and Legislative Meetings and Legislative Meetings and NAR BOD, Washington, NAR BOD, Washington, NAR BOD, Washington, NAR BOD, Washington, NAR BOD, Washington, DC DC DC DC DC 16 17 18 19 Executive Committee, 20 21 22 10:00 AM, ARA Office, subject to need 23 24 25 26 27 28 29 30 31 Holiday, ARA Closed June 2010 ARA Districts and Zone District locations: DISTRICT 1 -- (Contains ARA Zones 1, 2 and 3) Local Boards: Batesville, Blytheville, Cleburne County, Conway/Perry County, Faulkner County, Jonesboro, North Pulaski, Paragould, Searcy, Tri County, and Van Buren County. DISTRICT 2 -- (Contains ARA Zones 4, 5 and 6) Local Boards: Bentonville-Bella Vista, Eureka Springs-Carroll County, Harrison District, Metro Area, North Central, and Rogers. DISTRICT 3 -- (Contains ARA Zones 7, 8, and 9) Local Boards: Crawford County, Fort Smith, Hot Springs, Hot Springs Village, Johnson-Franklin Counties, Ozark, Malvern, Mena Area, and Russellville, DISTRICT 4 -- (Contains ARA Zones 10, 11, and 12) Local Boards: Arkadelphia, Benton-Bryant, El Dorado, Forrest City, Little Rock, Magnolia, Phillips County, Pine Bluff, Southeast Arkansas, Texarkana, West Memphis. The Zone Directors must be licensed in the Zone for which they are running. Those Zones are listed below: Zone 1: Batesville, Blytheville, Jonesboro, Paragould, and Tri-County Zone 2: Cleburne County, Conway/Perry County, Faulkner County, Searcy, Van Buren County Zone 3: North Pulaski Zone 4: Metro Area Zone 5: Bentonville-Bella Vista, Rogers Zone 6: Eureka Springs-Carroll County, Harrison District, North Central Zone 7: Johnson-Franklin, Ozark, Russellville Zone 8: Crawford County, Fort Smith Zone 9: Hot Springs, Hot Springs Village, Malvern, Mena Area Zone 10: Arkadelphia, El Dorado, Magnolia, Texarkana Zone 11: Forrest City, Phillips County, Pine Bluff, Southeast Arkansas, West Memphis Zone 12: Little Rock REALTORS® Association, Benton-Bryant Association of REALTORS® June 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 Deadline to submit all 4 5 applications for ARA officers/directors for 2011. This date is firm according to policy. 6 7 8 9 10 11 12 13 1p Nominating Cmte 14 June Meetings, 15 June Meetings, 16 17 18 19 2p Executive Cmte, Lake Russellville, Lake Point Russellville, Lake Point Point Conference Center, Conference Center, Conference Center, Russellville, AR Russellville, AR Russellville, AR 7 – 9a Executive Cmte 9:30a Board of Directors 20 21 22 23 24 25 26 27 28 29 30 July, 2010 SELECTION OF THE REALTOR-OF-THE-YEAR. START THE PROCESS THIS MONTH AT LATEST. 1. Each local Board is encouraged to submit the name of one nominee to the State REALTOR®-of-the-Year Committee Chairman, based on the standards that follow in Paragraph 3. The Committee Chairman shall furnish to the local Boards the Submission Forms for the Board’s nominee. The Submission Form shall include a request for a photograph of the nominee. Local Boards shall use the Submission Form for their nominee. 2. As soon as all nominations are received by a deadline to be specified by the REALTOR®-of-the-Year Committee Chairman, the Chairman shall forward a copy of all Submission Forms to each Committee member ONLY. 3. The following set of standards for choosing a State REALTOR®-of-the-Year is mandatory: The local boards have the option to change the selection process and are not require d to follow the state’s guidelines. a. REALTOR Spirit - 5% High principles, faithfulness to laws and regulations of the Code of Ethics and the Local Board and furtherance of the principles of good real estate practice among brokers and the general public; b. Civic Activity - 20% Participation at local, state and national levels in; civic and service clubs, charitable activities, political commissions, fraternal or religious groups, etc. c. Business Accomplishments - 15% Recognized good business conduct, service to clients, imaginative and creative advertising programs, rehabilitation work, land utilization, etc. d. Local Board Activity - 30% Board offices and committee work, special assignments, seminar activity and educational work, membership and offices held in local Chapters of the Institutes, Societies and Council, etc. e. State Association Activity - 25% Offices held and committee work, attendance and participation at State Conventions, Directors meetings, educational conferences, etc. f. National Association Activity - 5% National offices and committee work, membership and work in Institutes, attendance at National Conventions, etc. The materials will be sent to each Local Board Office in early July. You should start the process in July. July 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 4 Holiday 5 Holiday, ARA Closed 6 7 8 9 10 11 12 13 14 Deadline to mail the 15 16 17 nominations for 2011 and bylaws changes if any. 18 19 20 21 Executive Committee, 22 23 24 10:00a, ARA Office 25 26 27 28 29 30 Deadline for 31 submitting additional nominees for ARA officers/directors for 2011. August, 2010 DISTINGUISHED SERVICE AWARD (DSA) Qualifying Criteria for Nomination -- Distinguished Service Award The Committee will not consider nominations that do not meet the Criteria. The following basic criteria will apply to members who are nominated for the Distinguished Service Award: 1. Have attained the age of 60 or have at least 25 years service in the Arkansas REALTORS® Association including leadership positions in the Member Board and the State Association. 2. Candidates must HAVE CONTRIBUTED outstanding service of the Association – local and state. Especially important will be activities at the state and/or local board in any and all areas of services to the members 3. Have been recognized as a local or regional leader whose performance of service and involvement in political and/or community activities is extraordinary. 4. Have not served as President of the Arkansas REALTORS Association nor having been selected as the state REALTOR of the Year and currently is an active member of this Association. Please Note: The Distinguished Service award will not be awarded posthumously. The Distinguished Service Award (DSA) Committee will be made up of six members, all being past presidents of ARA. Each member will serve a three-year term and the Committee will be an official committee of ARA according to the bylaws. The Immediate Past President shall automatically be appointed to a 3 year term and serve as chairman for his/her year as Past President. The President shall nominate one additional member with a three-year term. In year one, the current President will appoint two members each for terms of two and three years and one member for a term of one year. A reminder that a photograph of the candidate will be required if selected. The deadline for receipt of all forms is August 15 th (postmark date). An individual may be nominated more than once; however, a new form must be re-submitted each year a person is nominated. Information will not be carried over from one year to the next. Signatures of both the local Board/Association President and the State Association President are mandatory prior to the form being submitted to the committee. The DSA Selection Committee feels that "honor seeks the candidate; not the reverse." Therefore, politicking and campaigning a re strongly discouraged. SELECTION GUIDELINES - DISTINGUISHED SERVICE AWARD State Association and/or Member Boards may nominate candidates for the Distinguished Service Award. There can be more than one nominee per board/state; however, the Committee strongly encourages the local board to nominate only one person for the Distinguished Service Award. The Selection Committee will review all nomination forms that are submitted to it for consideration. The Selection Committee does not solicit or encourage use of supportive documents and materials (letters of recommendation, newspaper articles, news releases, etc.) with the candidate nomination form. All such materials will be discarded and not included with the nomination forms reviewed by the Selection Committee. Only nominations submitted on the official nomination form will be considered. Nominations that do not follow this exact format will be discarded. A current photograph of the candidate will be required if selected. The President of the local Board and the President of the State Association must sign all nominations. The Committee shall select no more than two nominees each year but has the option to select none or one nominee but not more than two annually. Nominations are not carried over from year to year. Nominees from the previous year will not be automatically reconsidered. Notwithstanding the foregoing, the DSA Selection Committee may, at its option, select up to two nominations to be carried over to the next year for consideration in its deliberations. These nominations must have been the 3rd and 4th ranking of the Committee in its deliberations. A new nomination form must be submitted for consideration each year. All DSA nomination forms submitted for consideration are kept strictly confidential. All materials submitted become the prope rty of ARA and will not be returned. After the DSA Selection Committee determines the recipients, all materials are destroyed. The recipients will be honored with a plaque presentation at the Annual past President’s Luncheon at the Annual Convention each year. There is no charge or application fee for nominating a DSA Candidate. CALL FOR THE NOMINATION FORM. Mail completed Nomination form or direct questions to: DSA Selection Committee -- Attn: Carolyn Cahill, Arkansas REALTORS Association 11224 Executive Center Drive, Little Rock, AR 72211. Phone: (501) 225-2020 or (888) 333-2206, FAX: (501) 225-7131, email: Carolyn@ArkansasRealtors.com August 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 4 5 NAR Leadership 6 NAR Leadership 7 Summit, Chicago. ARA Summit, Chicago. ARA President and EVP, Local President and EVP, Local Board Presidents and Board Presidents and EOs EOs 8 9 10 11 12 13 If additional 14 candidates are submitted, deadline for notice to members is mailed or emailed today. 15 16 Distinguished 17 18 Executive 19 20 Deadline to submit 21 Service Award. Submit to Committee, 10:00a, ARPAC contributions to ARA by today. ARA Office be recognized at the REALTOR of the Year for local boards due today at ARA Convention. ARA with picture. 22 23 24 25 26 27 28 29 30 31 September, 2010 ARA LIFE MEMBERSHIP APPLICATION The applicant may be granted Life Membership in the Arkansas REALTORS Association under the following criteria: 1. Held membership in the Arkansas REALTORS Association as a REALTOR or REALTOR Associate or combination of these two membership status for a continuous period of 25 years or for a total of 30 years which may not have been continuous. 2. Has reached the age of 65. 3. Made (and attached to this application) notable contribution to the Arkansas REALTORS Association. Examples would be serving on the ARA Board of Directors, serving on ARA committees for more than a year or two or had a variety of positions over the years with ARA but would not be based upon local board leadership or involvement. The ARA Executive Committee shall make the determination of eligible activities. 4. Has been recommended for Life Membership by his/her Local Board or ARA’s Executive Committee. 5. Local Board must state if the applicant has been granted the same status in his/her Local Board. 6. Holds an active real estate license. Applicant’s Name: ___________________________________________________________ Current Local Board: _________________________________________________________ Mailing Address (incl. City/Zip) _________________________________________________ _____________________________________________________ ___ Has been granted “REALTOR-Emeritus” status in the National Association of REALTORS ___ Held membership in the Arkansas REALTORS Association as a REALTOR or REALTOR Associate or combination of these two membership status for a continuous period of 25 years or more. Starting ______________________ through date of application. ___ If held for 30 years non-consecutive, From __________ To _____________ From __________ To _____________ From __________ To _____________ From __________ To _____________ ______ Years as a REALTOR Member ______ Years as a REALTOR Associate Member The applicant’s date of birth is ___________, 19___. Photo copy of Driver’s License attached. All ARA Life Membership applications will be submitted no later than September 30 th of the current year for members who reach the age of 65 on or before December 31 st of the current year for consideration to waive the next year’s dues. Applications for Life Membership received after September 30 th shall be held for consideration for the year following next year’s dues only. September 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 Drop dead date for 4 Special Olympics funds to be received at ARA for Awards consideration. 5 6 Holiday, ARA Closed 7 8 9 10 11 12 2p Executive Cmte, 13 ARA State Convention 14 ARA State Convention 15 ARA State Convention 16 17 18 John Q. Hammons John Q. Hammons Conv John Q. Hammons Conv John Q. Hammons Conv Convention Center, Center, Rogers, AR Center, Rogers, AR Center, Rogers, AR Rogers, AR Committee Meetings 19 20 21 22 23 24 25 26 27 28 29 30 Life Membership applications are due at ARA by September 30th for consideration of ARA dues waiv er in the follow ing calendar year. October, 2010 2010 COMMITTEE VOLUNTEER REQUEST FORM (If you have an unexpired te rm from a previous appointment, you need not include that committee.) 2008 ARA President Jim Furr is inviting all interested members to volunteer for appointments to committees, all of which are a vital part of the ARA structure. The work of these committees contributes to the success of REALTORS® across the state. Please return this form by mail, fax or e-mail to the above address stating your interest. Selection will begin mid-October. Please send your request in by October 9, 2010. The following committees will have vacancies for 2011: Choice (Please indicate your first, second and third choices by marking each with a #1, #2 and #3) ____Legislative Committee: (3 Year Term. Consist of full committee and several task forces) Should have a strong interest in the national, state and local political process and strongly believe in the right of free enterprise. Meets more than three times during a legislative year. Frequent conference calls during session. Responsible for writing Statement of Policy for our Association. ____Education Committee: (3 Year Term. Consist of full committee and three task forces) Required: GRI designation. Cannot be a GRI instructor. Should have experience on the local board education committee in the past. Meets three times a year with the task forces meeting two or more times annually. Each Committee Member is required to serve as a monitor for one educational class per calendar year. ____Risk Reduction Committee: (3 Year Term. Full Committee and at least four task forces) All issues dealing with protection of our members and their customers/clients including R.E. forms development.. Meets three times a year with task forces meeting at least two additional meetings. Interest in law and procedures of business very helpful. ____Public Relations Committee: (3 Year Term. Full Committee with at least three task forces including Media Campaign, Special Olympics, and Awards for Excellence) Concerns itself with both internal relations and public relations, directing policy to staff of procedures to distribute information to members and through the media. Meets three times a year with task forces meeting additionally, sometimes in very small groups to work on specialized areas. ____Equal Opportunity Committee: (3 Year Term. Full Committee with some small pods being appointed during the year) Fair Housing and Education is primary concern of this committee. Works internally with membership to train and with government agencies to comply with the laws. Meets three times a year with pods working on additional seminar days. ____Professional Standards and Grievance Committee: (3 Year Term) Meets three times a year plus members are required (once each year) to attend a full day training seminar at the beginning of each year. Strong understanding of the Code of Ethics is required. Members will be asked to serve on and travel (in-state) to a Grievance Panel and/or Hearing Panel one to three times a year. ____Convention Committee: 2009 (1 Year Term. Full Committee with multiple job duties assigned to groups of members). Meets several times from March through the convention. Assures the success of the Annual Convention with special interest in recruiting event sponsors, door prizes and exhibitors. ____Communications Committee: (1, 2 & 3 year term in 2010 as is a new committee). Directs policy to staff on procedures to distribute information to members and through the media. Has editorial oversight for REALTOR Rightings and other information. The actual form to file, go to www.arkansasrealtors.com. October 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 Names of your 2 upcoming President and your EOs must be sent to ARA to be included in Resource Guide for 2011. 3 4 5 Deadline for ARPAC 6 7 8 Applications for ARA 9 contributions for year end Committee for recognition at the NAR appointments for 2011 Convention. due at ARA. 10 11 12 13 14 15 Local Board 16 requests for ARA Officer to install 2011 Officers/Directors due at ARA. 17 18 19 20 Executive Committee, 21 22 23 10:00A, ARA Office 24 25 26 27 28 29 30 31 November 2010 PLANNING FOR NEXT YEAR? HAVE YOU CONSIDERED HAVING A GRI COURSE IN YOUR AREA THROUGH THE RIO PROGRAM? Below are some facts about GRI. For an application, please contact Miki Bass at the ARA Office, 888-333-2206. Consider teaming up with othe r Local Boards in your area. Bring the education to your area. 1. Administration of Courses. The GRI courses appearing on the ARA schedule to be held in the Little Rock area will be ad min istered by ARA Professional Develop ment Depart ment staff. All courses on the ARA schedule to be held outside the Little Rock area, as well as all RIO courses will b e administered by members and/or staff of the local boards where the courses are scheduled. 2. Course Topic Selection. GRI courses should be structured to provide a broad base of knowledge for the real estate practitioner. It is anticipated that some course topics will qualify for continuing education credit, and, in those instances, application will be made for that credit. Ho wever, the most imp ortant factor in the selection of course material is the need to comply with GRI learning objectives. Course topic selection should be made by committe e members working with the Professional Development Director. 3. Instructor Assignments. It is the responsibility of the ARA Professional Develop ment Co mmittee to approve, classify and assign instructors for GRI courses. In order to facilitate this action, a Faculty Co mmittee, appointed by the Professional Develop ment Chairperson, will make reports and recommendations to the Professional Development Co mmittee based on review of resumes and ongoing monitoring and evaluating of instructors. The Faculty Co mmit tee is made up of three members of the Professional Develop ment Co mmittee (refer to page 5) 4. Schedule. The schedule will be prepared by members of the Professional Develop ment Co mmittee working with the Professional Develop men t Director. Schedule to be approved by the ARA Board of Directors at, or prior to, the ARA Annual Convention. Scheduling of RIO courses by local boards is on a first co me, first served basis. A 60- day notice will be required for GRI credit ONLY. A 120-day notice will be necessary if CE credit is involved. A co mpleted contract properly executed by a board official accompanied by a check for the full amount for the course will constitute a completed application necessary to reserve a date . The Professional Develop ment Director must approve the course requested to avoid competit ion with courses on the ARA schedule. 5. Facilities. Recognizing the importance of a good classroom environ ment, the GRI Ad min istrator’s Reference Manual will p rovide facility gu idelines, including audio-visual requirements, classroom amenit ies and services needed. In addition, the Professional Develop ment Director will assist the ad ministrator in assuring that all requirements are met for each course presented. 6. Class Size. Most instructors recommend 75 to 100 as a maximu m class size. However, the size of the class should be determined by the capacity of the facility. In some instances, subject matter should also be considered. These decisions should be made in each situation by the administrator a nd the Professional Development Director. 7. Tuiti on. The Professional Develop ment Co mmittee’s Policy and Procedure Manual establishes class fees for the ARA schedule of classes. These charges have not been applied to RIO courses since they are underwritten by other parties. It is reco mmended, however, that some tuition be paid by the student for every GRI course offered, the tuition amount to be determined by the local board involved in the RIO course. 8. Weapons of any kind are prohibited fro m any and all meet ings of the Arkansas REALTORS® Association (licensed or unlicensed) unless previously approved by the Executive Co mmittee in advance. November 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 3 NAR Convention, 4 NAR Convention, 5 NAR Convention, 6 NAR Convention, New Orleans, LA New Orleans, LA New Orleans, LA New Orleans, LA 7 NAR Convention, 8 NAR Convention, 9 10 11 12 13 New Orleans, LA New Orleans, LA 14 15 16 17 18 19 20 21 22 23 24 25 Holiday, ARA Closed 26 Holiday, ARA Closed 27 28 29 30 December, 2010 Ten presents an EO wants Santa to bring this Christmas! 1. A new computer with a large flat screen monitor 2. A TV and Direct TV (or Dish) in the office to watch soap operas 3. An unlisted phone number at home 4. A Treasurer who knows accounting 5. A President who is so busy in business, I hardly ever hear from him/her 6. The use of the President’s lake house every other weekend (free) 7. An office chair that doesn’t squeak 8. A President Elect that shows up at meetings 9. A Secretary who always says no change to the minutes 10. An increase in membership so that I can be paid Ten presents that Santa brings the new Local Board President 1. A demeanor which will satisfy the EO 2. A Board of Directors which will always attend to have a quorum 3. An EO who will not call me at home or on vacation (if I get one) 4. A President Elect who will not change everything I did this coming year 5. A smile from the EO when I enter the Board Office 6. A Board sponsored trip to Hawaii for me and my family for the hard work 7. A year as President in which I will loose less than 10% of my business 8. The ability to completely control a meeting 9. My personal private parking space at the Board Office 10. My picture on the has-been wall after my term expires December 2010 Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1 2 NAR Convention, New 3 NAR Convention, New 4 NAR Convention, New Orleans, LA Orleans, LA Orleans, LA 5 NAR Convention, 6 NAR Convention, 7 8 9 10 11 New Orleans, LA New Orleans, LA 12 13 14 Deadline to order 15 Executive 16 17 18 2011 forms software for Committee, ARA guaranteed delivery by Office, 10:00 AM December 31st. 2011 GRLA applications deadline is today. 19 20 21 22 23 Holiday, ARA 24 Holiday, ARA Closed 25 XMAS Closed. 26 27 28 29 30 31 Holiday, ARA New Years Day Closed.