Directors of the Association are elected by the Realtor® membership of the Association. Nominations for the position are made by a Nominating Committee consisting of five Realtor® members or by petition as prescribed in the Bylaws.
BYLAWS PROVISIONS: The Bylaws provisions describing the duties of Directors are:
- The governing body of the Aurora Association of Realtor® is a Board of Directors, consisting of eleven elected- members. In addition, the immediate past chair, without election, shall serve a one-year term if his or her elected Board term shall have expired, and a chair-elect who is confirmed as chair in the last year of his or her elected term shall serve a two-year term without election, as chair and immediate past chair. Directors shall be elected to serve a term of three years, except when a position has become vacant on the Board during the first or second year of a three-year term, in which case the Director shall be replaced according to bylaws.
- The Board of Directors’ elect the following officers of the Board for terms of one year: a Chair, a Chair-elect who will succeed to the Chairmanship the following year subject to final approval of the Board of Directors, and a Corporate Secretary.
- The Board of Directors selects the time and place for the Annual Meeting, and meets at regular times during the calendar year (usually the third Wednesday of each month at the Association meeting room). Absence from three regular meetings during a calendar year shall be construed as a resignation.
- The Board of Directors set the dues and fees of membership, and elect or reject applicants for membership according to their eligibility under NAR membership criteria.
- Following the procedures of the NAR Professional Standards Policies and Procedures, the Board of Directors reprimands, fines, suspends or expels members for violations of membership duties or the Code of Ethics.
- The Board of Directors must approve all appointments to the Grievance and Professional Standards Committees.
- The Board of Directors may, from time to time, establish such standing and/or ad-hoc committees as they see necessary to assist in fulfillment of their governance role. The specific purpose, products and authority of each committee are to be stated explicitly in the Directors’ resolution establishing such committee. Unless authorized by the Directors, Committee Chairs and members shall not, through any contractual agreement or otherwise, obligate the Association financially.
- The Board of Directors may employ a Chief Executive Officer (CEO) who shall be responsible for the day-to-day management and operations of the Association, fulfilling the requirements of the position in a manner consistent with governing policies established by the Directors.
- The Board of Directors elects Directors representing the Aurora Association of Realtors® to the Board of the Metrolist Corporation, the multiple listing service.
POLICY PROVISIONS: The leadership success of the Board is a direct result of the individual and collective participation of its membership. Therefore each Board member is to participate in the following ways:
- Attendance: As board contemplation, deliberation and decision-making are processes which require wholeness, collaboration and participation, attendance at board meetings is required of board members.
- Preparation and Participation: Board members will prepare for board and committee meetings and will participate productively in discussions, always within the boundaries of discipline established by the board. Each member will contribute his or her own knowledge, skills and expertise to the board’s efforts to fulfill its responsibilities.
- Members as Individuals: The CEO is accountable only to the Board as an organization and not to individual board members. Accordingly, the relationship between the CEO and individual members of the Board, including the Board Chair, is collegial, not hierarchical.
- Members as Volunteers: As the functioning and success of the organization depends largely on the involvement and dedication of member volunteers, Board members are strongly encouraged, but are not required, to serve as volunteers on operating committees. In view of the CEO’s responsibility for operational activities and results, members of the Board choosing as individuals to act as operational volunteers are subject to the direct supervision of the CEO or responsible staff person.
- Members in Good Standing: As board members are trustees representing the organization within its community/industry, members are expected to remain in good standing within the community/industry.
- Contributions: Each board member is encouraged to make an annual financial contribution to RPAC. The demonstration of support, rather than the amount of the contribution, is of principle importance; members are encouraged to contribute only within their individual means.
- Participation in Events: Directors are expected to attend the annual Inaugural/Installation event and all General Membership Meetings. Directors are strongly encouraged to attend and participate in other activities produced by AAR and CAR.
- Linkage with Members: Each Director is expected to actively participate in Membership Linkage activities as will be defined from time to time by the Board.
The Board of Directors have approved a Code of Conduct, committing itself to ethical, businesslike and lawful conduct, including proper use of authority and appropriate decorum when acting as Board members. Accordingly:
- Board members must represent unconflicted loyalty to the interests of the Membership. This accountability supersedes any conflicting loyalty such as that to advocacy or interest groups and membership on other boards or staffs. It also supersedes the personal interest of any board member acting as a consumer of the organization’s services.
- Board members must avoid conflict of interest with respect to their fiduciary responsibility.
- Board members may not attempt to exercise individual authority over the organization except as explicitly set forth in Board policies.
- Board members will respect the confidentiality appropriate to issues of a sensitive nature.
LEGAL LIABILITY: The Association carries errors and omissions liability insurance which covers officers or directors or employees for decisions or actions taken in good faith and within the scope of their authority during their term, or of their employment.
BENEFITS: A directorship is not an honorary position, and must be fulfilled with dedicated service and involvement. However, it is an honor to be nominated for and elected to serve as Director of the Board.
Benefits you derive from serving as a Director are:
- Service to the membership;
- Broadening your knowledge of real estate matters, community and political issues;
- Opportunity to make friends and to gain fellowship with many of your peers; and
- Pride in serving your profession.
TIME COMMITMENT: A minimum six hours monthly is expected of AAR directors. The time commitment varies from month to month and year to year depending on current issues, future direction, program of work and volunteer time on board-designated committees. The directorate sets their own agenda and depends on staff support to accomplish the mission and vision of the Association.