Greater Milwaukee Association of REALTORS Board of Directors
Greater Milwaukee Association of REALTORS® Board of Directors Meeting Thursday, January 21, 2021
GMAR Board of Directors Welcome & Introductions Installation of 2021 Directors & Chair
GMAR Board of Directors Consent Agenda • November 5, 2020 BOD Meeting Minutes • 228 New Members
GMAR Board of Directors Reports • Chair’s Report • Treasurer’s Report • November Financials
GMAR Board of Directors Balance Sheet (Statement of Financial Position) • Cash & Investments $2, 187, 579, down $350, 545 • AR down $97, 440 • Prepaid Exp up $226, 765, ‘ 21 HGS credit at SFP • Fixed Assets up $51, 511 • Total Assets $4, 413, 333, down $169, 709
GMAR Board of Directors Balance Sheet (Statement of Financial Position) • Liabilities: AP down $10, 538 vs. 2019 • Total Liabilities $2, 331, 121, down $17, 821 • Total Net Assets $2, 082, 211, down $151, 888 • Fluctuations due to HGS cancellation
GMAR Board of Directors Statement of Activities • Membership: $1, 810, 234 in dues collected as of 11/30 • As of 12/31: 784 Rs (500 budgeted, 156%), 37 DRs (37, 74%), Affiliates 4 (20, 20%)
GMAR Board of Directors Statement of Activities • HGS: Income $9, 620 vs. Exp $142, 624, yielding a net loss of $133, 004 • Public Policy & Pro Standards: Personnel & admin expenses
GMAR Board of Directors Statement of Activities • Leadership: Officer expenses, NAR survey, Travel, etc. • Administrative: Salaries, Occupancy, etc. • Excess Receipts Over Exp: $12, 110 vs. $487, 536 in 2019
GMAR Board of Directors 2020 Year-End Estimate • November Excess Receipts Over Exp: $12, 110 vs. $487, 536 in 2019 • Lost Revenue due to HGS Cancellation • Saved Money in Travel, Meetings…
Actual ’s d e k Mi boar sh a D
Avereage
Combination
Estimated
Membership Net Income (Through Nov) 1 250 663 1 350 000 1 245 771 1 450 000 2019 2020 1 250 000 1 150 000 1 050 000 2011 2012 750 898 819 652 791 207 727 089 709 210 633 309 594 982 657 300 591 699 650 000 598 840 750 000 664 783 703 300 850 000 818 326 950 000 550 000 2006 2007 2008 2009 2010 2013 2014 2015 2016 2017 2018
304 472 2017 2018 349 944 312 554 2012 300 924 326 224 2011 256 729 318 626 2010 283 148 309 790 2009 238 263 304 539 264 455 300 000 274 558 400 000 315 029 HGS Net Income 200 000 100 000 (122 175) - (100 000) (200 000) 2006 2007 2008 2013 2014 2015 2016 2019 2020
$ 323 800 GMAR Financial Performance $ 400 000 $ (231 077) $ 12 110 $ 70 922 $ 26 976 $ 1 676 $ (27 913) $ (34 936) $- $ (7 264) $ (35 244) $ 84 423 $ 100 000 $ 61 912 $ 78 109 $ 200 000 $ 187 854 $ 300 000 $ (100 000) $ (200 000) Sentri. Lock $ (300 000) 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
$ 323 800 GMAR Financial Performance $ 400 000 $ (231 077) $ 12 110 $ 70 922 $ 26 976 $ 1 676 $ (27 913) $ (34 936) $- $ (7 264) $ (35 244) $ 84 423 $ 100 000 $ 61 912 $ 78 109 $ 200 000 $ 187 854 $ 300 000 $ (100 000) $ (200 000) Sentri. Lock $ (300 000) 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
3 989 4 023 4 214 4 405 4 691 4590 2020 4 864 4 771 3 595 3 485 3 552 4 138 4410 2019 3000 4 748 3500 2018 2017 2016 2015 2014 2013 2012 2011 3957 3 889 4000 2010 2009 3473 5000 2008 2007 2006 2005 3188 4500 2004 2003 2002 2001 5 123 5 186 GMAR Historical Membership 5500
Women vs. Men Broker/Agent Distribution [VALUE] 1 924 40 % 45% 55% 60 [VALUE] Top 10 Companies Next 20 Companies All Others Male Female
Age Distribution 1 200 1 066 Years in Business 1 400 1 086 1 200 1 000 867 839 1 000 800 600 400 320 312 400 200 56 13 - 200 0 < 21 22 -29 30 -39 40 -49 50 -59 60 -69 70 -79 80+ 0 -2 3 -5 6 -10 11 -15 16 -20 21 -30 31 -40 40+
GMAR Board of Directors President’s Report • NAR DOJ Settlement • Impacts lockbox access. Must allow licensed non-members to access listings • Possibly require non-members to pay for system access, if they request several oneday codes
GMAR Board of Directors President’s Report • Public Awareness Campaign/Media Opportunities • Continue with Social Media campaign • Topics? Inventory Buyer Preparedness Don’t FSBO Why Use a REALTOR
GMAR Board of Directors President’s Report Strategic Plan Update 1. Code of Ethics • 17 “Ethics Exchanges” in 2020 • “Re-Orient Yourself” in Newsletter • Sanctions increased significantly • Hosing virtual events/classes/seminars
GMAR Board of Directors President’s Report Strategic Plan Update 2. Value Proposition • Distribute Statistics Press Releases • Created Media Opportunities (Baer/Carlson) • 2020 Public Awareness Campaign • 2021 Social Media Campaign
GMAR Board of Directors President’s Report Strategic Plan Update 3. Public Policy • 2020 Elections Distracted from this Objective 4. REALTOR Professionalism • Panel Discussion with Past Chairs (professionalism, leadership examples, etc. )
GMAR Board of Directors President’s Report Strategic Plan Update 5. Involved with Area Housing Agencies • UEDA, HRI, Take Root MKE What communications vehicles work best with REALTORS? Podcasts, short videos…?
GMAR Board of Directors Home & Garden Show (HGS) Report • Estimating -30% attendance, -20% booth sales • Reduced expenses from receptions, cooking demos, AV equipment, etc. due to COVID • Decreased marketing budget 20%
GMAR Board of Directors Home & Garden Show (HGS) Report • 342 of 478 Booths (72%) Sold So Far • 80% of Show Revenue Comes From Booth Sales • 3 Fewer Aisles in 2021 For Distancing • 9 Garden Promenade Displays (2 New)
GMAR Board of Directors Home & Garden Show (HGS) Report • Need To Determine Whether To Hold HGS • Hospital Lease Ends 2/28 • 3 Weeks to Deconstruct • Possible On-Grounds Alternative • Deadline Approx 1/31 – 2/10
GMAR Board of Directors Equal Opportunity Committee • 2/12 Focus Group with Housing Advocates Gov’t Affairs Report • WRA Raised $648, 016 in ‘ 20 $635, 297 in ‘ 19 • GMAR Raised $138, 544 in ‘ 20 (21% of WRAs total) vs. $120, 838 in 2019 • $94, 873 RPAC ($50 dues bills) $43, 671 D. G.
GMAR Board of Directors Gov’t Affairs Report • Spring races: Local and 2 Legislative Seats • Senate District 13 (Fitzgerald to Congress) • Assembly District 89 (Nygren)
GMAR Board of Directors Professional Standards Report • Consider cases E 20 -42, E 20 -49, E 20 -62 • Administrative Processing Fee
GMAR Board of Directors Metro MLS, Inc. • Chris Carrillo, CEO Old Business 1. None New Business 1. None
Go PACKERS!
Greater Milwaukee Association of REALTORS® Board of Directors Meeting Next Meeting Thursday, March 18, 2021
- Slides: 36