Greater Milwaukee Association of REALTORS DIRECTOR ORIENTATION GMAR

Greater Milwaukee Association of ® REALTORS DIRECTOR ORIENTATION

GMAR HISTORY A handful of brokers assembled in 1892 to prevent fraudulent real estate practices.

OVERVIEW OF LEADERSHIP Roles & Responsibilities The Board of Directors (BOD) shapes the Association's personality, defines its goals, charts its future, nurtures, strengthens and protects it. The Directors' primary responsibility is to set policy, lead the organization and set the overall direction of the Association. • Meetings are generally status discussions, reviewing what the GMAR has done and what needs to be accomplished. • Governance is the responsibility of the board, and management is the responsibility of the staff. • The BOD meets six times a year during odd-numbered months. • Meetings are usually 1½ - 2 hours long. • BOD Meeting Reports are sent out on the Friday prior to the meeting.

BOARD OF DIRECTOR MEETINGS From: mike@gmar. com <mike@gmar. com> Sent: October 30, 2020 3: 52 PM Subject: GMAR Board of Directors Meeting (via Zoom) - Thursday, November 5 th, 12: 00 Noon We have a big Directors meeting in store next Thursday, September 17 th at 12: 00 PM (unfortunately, via Zoom, again). The Directors Meeting Report has been posted online for your review. Click on this link to download a copy of the report (32 pages), or to go the GMAR. com/Board of Directors/2020 -directors-meeting-agendas-and-minutes webpage, and scroll to the bottom. Additionally: Next Tuesday is a pretty big day, and we will have WRA Director of Political & Governmental Affairs, Joe Murray, on hand to give us a post-mortem of the election’s impact, up and down the ballot. Check out Joe’s recent article in the WRA’s Real Estate Magazine, titled, “November 3 Is Almost Here. ” 1. Each year at our November meeting we are joined by the GMAR Youth Foundation for their annual meeting. The Youth Foundation will be on our Zoom meeting beginning at 12: 30 PM, for approximately 30 -minutes. 1. I have added 3 Professional Standards Committee decisions for your review. Scott Bush will discuss them during our meeting. To join the meeting please see the Zoom meeting link below.

OVERVIEW OF LEADERSHIP Roles & Responsibilities Bylaws • Govern how the association runs. Policies & Procedures • Currently updating Strategic Plan • Latest version adopted in fall of 2019 • Emphasis on ethics enforcement

GMAR STRUCTURE In addition of the Board of Directors (BOD) the GMAR has an Executive Committee, consisting of the Chair, Chair-Elect, Secretary/Treasurer, and Past Chair. Types of committees • Nominating Committee (Bylaws) • Awards Committee (Bylaws) • Equal Opportunity / Fair Housing Committee (Bylaws) • Kettle Moraine Council • Past President’s Council • REALTOR Safety Task Force • Public Policy Task Force • Veterans Support Task Force • Young Professionals Network (YPN)

GMAR FINANCIALS WRA Accounting • Stephanie Larson & Zach Joyes Financial Documents • Balance Sheet & Statement of Activities Annual Audit • Wegner, CPAs • Audit Conducted in February • Report to BOD in March Budget Process • Annual Budget (Nov/Dec) • Budget Adjustment (June/July)

GMAR MEMBERSHIP GMAR Consists of Approximately 5, 000 REALTORS® • 800 are Brokers • Top 10 Brokers account for about 60% of members • 790 Brokers equal 40% of members

WELCOME! Questions?