Greater Milwaukee Association of REALTORS Board of Directors
Greater Milwaukee Association of REALTORS® Board of Directors Meeting Thursday, January 17, 2019
GMAR PR Planning Meeting January 17, 2019 2
2019 GMAR PR Positive coverage of REALTORS and the local real estate market • Position REALTORS as reliable, trusted, knowledgeable partners • Educate on home ownership and market opps • Address current market challenges • Deliver stories about housing affordability in the market
Story Categories Trends from the Field • Ranches the “it” house • 3 car garages now required • Intergenerational living • Finding charm in older homes (new construction down) • Female buyers
Story Categories Opportunistic/News/Finance Related • Potential mortgage rate increase • Wealth generation from homeownership • Apartment rent in MKE • Change to property tax deduction • Impact of property taxes on buying power
Story Categories Seasonal • Now is the time to buy or sell Tips & Advice • How to prepare to sell or buy • Advantages of staging • Senior moving • Get pre-approved
Story Categories Special Events & Observances • Real Estate Summit (Feb) • Women Strong! (May) • Downtown Diggs (June) • Historic Events/Anniversaries • 4 th of July veteran home buying
Story Categories Industry Related • Sentri-Lock • Realty “families”
GMAR Board of Directors Consent Agenda • Nov 15 th BOD Meeting Minutes • 130 New Members
GMAR Board of Directors Reports • Chairwoman’s Report • Treasurer’s Report • November 2018 Financials • 2019 Budget
GMAR Board of Directors Balance Sheet (Statement of Financial Position) • $2, 295, 198, up $199, 729, dues income • AR down $39, 257, pre-paid exp down $23, 786 • Total Assets up $565, 266
GMAR Board of Directors Balance Sheet (Statement of Financial Position) • Liabilities: AP up $160, 578 due to building mortgage up in April • Total Liabilities $2, 407, 179, +$670, 731 • Total Net Assets $2, 007, 135, -$159, 887
GMAR Board of Directors Statement of Activities • Membership: $1, 050, 508 was collected in dues, up $95, 284 over ’ 17 • 56% of members paid before 10/31/18, 54% in 2017
GMAR Board of Directors Statement of Activities • Public Policy & Prof Standards = Labor • Leadership: Officer expenses, NAR survey • Administrative: Salaries, Occupancy, etc. • Bottom Line: Excess Receipts Over Exp of $60, 960 vs. $220, 847 in ‘ 17
GMAR Board of Directors 2017 Year End Estimate • 11 months of actual inc/exp • 3 -Yr avg estimate • Audit at March BOD Meeting
GMAR Board of Directors President’s Report • GMAR Remodel Update & Mortgage • Electronic Lock Boxes • Habitat for Humanity • Monica Baer, GMAR Media Coverage
GMAR Board of Directors Departments • Government Affairs • Waukesha County Neighborhood Initiative • Meetings with top 25 Municipalities • Paul Farrow Fundraiser
GMAR Board of Directors Departments • Professional Standards • Home & Garden Show (HGS)
GMAR Board of Directors Metro MLS, Inc. • Update Old Business New Business
GMAR Board of Directors Important Upcoming Dates • • • Feb 19 th – KMC Mardi Gras, The Hitchin’ Post Feb 25 th – MU/GMAR/WRA Real Estate Summit March 21 st – GMAR BOD Meeting
- Slides: 20