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Mountain Lakes Board of REALTORS

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MOUNTAIN LAKES BOARD OF REALTORS®

OFFICERS & DIRECTORS DESCRIPTIONS
 

ASSOCIATION BOARD – MEETS THE 2ND THURSDAY OF EVERY MONTH AT THE BOARD OFFICE 

APPLICATION TO SERVE

Officers. The elected officers of the Association shall be a President, a President-Elect, Vice President, a Secretary, and a Treasurer. The Secretary and Treasurer may be the same person. Each elected officer’s term will be for one year. The Vice President will automatically assume the office of President-Elect without an election, and the President-Elect will assume the office of President without an election. Once the President’s term is finished, the President will serve a one-year term as a voting member of the Association of Directors as the Immediate Past President. To be eligible for election to Vice President, the candidate must, within the previous five years before their election, have served both on the Board of Directors for a minimum of one year and served on an Association committee for one year.
 
Election, Term of Office, and Qualifications of Officers. At the annual meeting of the Members of the Board/Association, in accordance with Article XI hereinbelow, the Vice-President, Secretary, Treasurer and one Director shall be elected. On each January 1, the person who held the office President-Elect and Vice President during the preceding year shall automatically succeed and shall serve until the January 1 following. Officers may be reelected to the same or a different office. The Secretary and Treasurer may be the same person. The election of Officers and Directors shall take place at the annual meeting. Where permitted by state law, and in accordance with applicable state requirements, the election of officers may be conducted by electronic means, in accordance with procedures established by the board of directors. (Adopted 1/05) The ballot shall contain the names of all candidates and the offices for which they are nominated. 

Term Limits: 

  • No director elected to a three-year term shall serve for more than two  consecutive three year terms.  
  • No more than two REALTORS® from the same real estate firm may simultaneously serve on the Association of Directors.  
  • Both elected officers and directors must have a current North Carolina broker’s license, be members in good standing of the Association for at least two years prior to their election, and be active in the Association’s market for at least one year prior to election. Prior to their election, a director must have served on an Association committee for at least one year. 

The Nominating Committee should consist of one (1) Director and two (2) Realtor® members at large. Appointment to the committee shall be done by the President. 

Requirements of Service: All Officers & Directors will be required to complete Professional Standards training 
within the first three (3) months of service and every three (3) years thereafter. 

OFFICER: A candidate for election as an officer must have previously served or is currently serving on the BOD for 1 year prior to taking office, with the exception of the Treasurer. 

VICE-PRESIDENT: To be eligible for election to Vice President, the candidate must, within the previous five years before their election, have served both on the Board of Directors for a minimum of one year and served on an Association committee for one year. 

DIRECTOR: Must be a member of MLBOR and a REALTOR® member for a minimum of 2 years prior to taking office and must be in good standing. Candidates must be involved in the Association and preferably a minimum of one (1) year service on a committee 
 

PRESIDENT 

  • Sets pace and tone of term (1 year) 
  • The President shall be the chief officer and subject to the control of the Board of Directors. 
  • Close contact with AE, staying advised on all Association business and/or concerns 
  • With the assistance of the Officers and AE, guide the business affairs of the Association.  
  • Chairperson for Executive Committee and attends monthly meetings 
  • Spokesperson of the Association (includes press, public meetings, letters and other general public correspondence on behalf of MLBOR) 
  • Presides over meetings: Board of Directors, Association Meetings, Special Meetings, Retreats 
  • Shall attend all Board meetings as designed by the Board of Directors  
  • Encourage all Directors to review and have general knowledge of the MLBOR Bylaws 
  • Shall actively support and make every effort to attend the activities and functions of MLBOR. 
  • Responsible for the appointment of all Standing Committees and Special Committees 
  • Regular contact with members to listen to and address concerns and/or questions about the Association 
  • Shall review and revise, as necessary, the Association’s Strategic Plan and governing documents. 
  • Prepare President Elect for upcoming term 
  • Shall attend Leadership Training & Professional Standards Training (either through NAR or NCR) 
  • Serve as State Director and attend the required Director’s meetings  
     

PRESIDENT-ELECT 

  • Close Contact with President and AE 
  • Substitute for President as needed and facilitate meetings in President’s absence 
  • Assist President to complete short-term goals & maintain progress toward long term goals 
  • The President-Elect shall perform such other duties and have such authority as from time to time may be assigned to him by the Board of Directors.  
  • Shall succeed to the office of the President. 
  • Shall attend all Board meetings as designed by the Board of Directors  
  • Shall attend Leadership Training & Professional Standards Training (either through NAR or NCR) 
  • Shall serve on the Executive Committee 
  • Shall actively support and make every effort to attend the activities and functions of the Board. 
  • Travel to state and national meetings 
    • NCR Winter Leadership Meetings, Legislative Meetings, Business Meetings & Annual Convention 
    • Any other meetings as requested by Board of Directors 
  • Serve as replacement State Director, if needed 

 

VICE PRESIDENT 

  • Serve on Board of Directors and attend all Association functions 
  • The Vice President shall perform such other duties and have such authority as from time to time may be assigned to him by the Board of Directors.  
  • Will move into President Elect position next year 
  • Shall attend Leadership Training (either through NAR or NCR) 
  • Shall serve on the Executive Committee
  • Shall actively support and make every effort to attend the activities and functions of the Board. 
  • Shall take & keep updated the statewide Professional Standards Training 
  • Serve as replacement State Director, if needed 

 

PAST PRESIDENT 

  • Position will be held by the immediate past president All other Past Presidents shall be ex-officio members of the Board of Directors as long as they remain Members in good standing of the Association 
  • Member of Executive Committee 
  • Will participate in and attend community related functions as assigned by the MLBOR board of directors 

 

SECRETARY 

  • Shall keep the minutes of the meetings of the Members and the Board of Directors  
  • See that all notices are duly given in accordance with the provisions of these Bylaws or as required by law. 
  • Keep a complete and up-to-date list of the names and addresses of the Members of the Association and have general charge of the membership books of the Association. 
  • Perform all duties incident to the office of Secretary and such other duties as may be from time to time assigned to the Secretary by the President and/or the Board of Directors.  
  • Shall take & keep updated the statewide Professional Standards Training 

 

TREASURER 

  • Shall be responsible for working the Association staff to prepare an annual budget for the Association. 
  • Serve on the Executive Committee & Finance Committee 
  • In the absence of the AE, coordinate with staff all financial matters of the Association. 
  • Monitor the Associations expenditures and report to the Board of Directors the status. Ensure that proper accounting procedures are being followed. 
  • Monitor the Associations investments and make recommendations to Budget & Finance Committee for 
  • further investments. 
  • Report to and be responsible to the President and Board of Directors 
  • Shall take & keep updated the statewide Professional Standards Training 

 

DIRECTORS 
Three (3) REALTOR® Members of the Board/Association (hereinafter referred to as "Directors"). The three Directors shall be chosen (refer to Article XI- Officers and Directors – Section 3 in the MLBOR By-laws) at the annual meeting of the membership. Directors shall be elected to serve for terms of three years. Thereafter, as many Directors shall be elected each year as are required to fill vacancies. 

  • Promote and support decisions that are in the best interest of the entire membership 
  • Shall serve as the governing body of the Association. 
  • Shall attend all Board meetings as designated by the Board of Directors 
  • Shall actively support and attend the activities of the Board. 
  • Shall perform other duties as directed by the Board of Directors, the Executive Committee, or the President 
  • Review all committee recommendations and act thereon. 
  • Shall take & keep updated the statewide Professional Standards Training