GMAR Board Of Directors - Greater Milwaukee Association of ...



GMAR Board Of DirectorsThursday, January 21, 2021 ? 12:00 PMMeeting via ZoomMeeting AgendaWelcome & IntroductionsSwearing-InConsent AgendaP 3Approval 10 MinReportsChairwoman Treasurer 2021 BudgetNovember 30, 2020 Financials2020 YTD Analysis President Departments HGSGovernment Affairs Professional Standards Policy AdoptionMetro MLS, Inc. UpdateP 15P 23InformationInformation ApprovalInformation Information InformationInformationApproval5 Min15 Min15 Min5 Min15 Min15 Min15 MinOld Business None New Business None Adjourn 2:00 PMNext Directors Meeting: Thursday, March 18th * Indicates information will be available at the Directors meeting.Updated: DATE \@ "M/d/yyyy h:mm am/pm" 1/15/2021 11:15 AMDirectors’ PoliciesFiduciary DutyAs a GMAR director, you are a fiduciary of GMAR. That means you have a special legal responsibility in connection with the administration, investment, and care of GMAR and its assets. This requires you to make careful, good-faith decisions in the best interest of GMAR. Your decisions must be made independently and free of any undue influence from any person, organization, or brokerage.Conflict of Interest PolicyA member of any GMAR decision-making body has a conflict of interest whenever that member is a principal, partner, or corporate officer of a business providing, or being considered as a provider of, products or services to GMAR.?Members with a conflict of interest must immediately disclose such conflict of interest prior to participating in any discussions or vote of a GMAR decision-making body that pertains to the GMAR. Such members may not participate in any discussions related to the GMAR other than to respond to questions asked of them by other members of the body. A member may not vote on any matter in which the member has a conflict of interest.GMAR Board Of DirectorsConsent AgendaIt is moved, seconded, and carried to approve the minutes of the Board of Directors meeting from November 5, 2020.p. 4It is moved, seconded, and carried to approve of the 228 new members who have applied to become members of the GMAR and paid the appropriate fees.p. 9GREATER MILWAUKEE ASSOCIATION OF REALTORS?BOARD OF DIRECTORS MEETING MINUTESThursday, November 5, 2020 ? 12:00 NoonMeeting Via ZoomCall to OrderChairman Kel Svoboda called the GMAR Directors meeting to order at 12:00 PM with a quorum present for the transaction of business.Present: Kel Svoboda, Chair; Amy Curler, Past-Chair; Courtney Stefaniak, Chair-Elect; Kim Curtis, Secretary/Treasurer; Angela Walters, Maureen Stallé, Arthur Mays, Jeremy Rynders, Gary Swittel, Joe Horning, Ted Dentice, Judy Hearst, Mark Kivley, Sarah ColeStaff Present: Mike Ruzicka, President; Scott Bush, VP Operations; Marne Stück, Michelle Kohn, Membership Director; Chris Carrillo, CEO, Metro MLSExcused: Kathy Martello, Roger RushmanGuest PresentationJoe Murray, WRA Director of Political & Governmental Affairs, gave a presentation on the results of the 2020 fall election, and its impact on the WRA’s legislative agenda.Consent AgendaApprove the minutes of the Board of Directors meeting from September 17, 2020.Approve of the 128 new members who have applied to become members of the GMAR and paid the appropriate fees.M/S/C to approve Consent Agenda.ReportsChairman’s ReportMr. Svoboda took a quick poll of market/business conditions, with virtually all directors saying they were very busy, and business was good.Treasurer’s ReportMike Ruzicka reviewed the July 31, 2020 GMAR financials.Statement of Financial Position - As of September 30, 2020, GMAR had $1,298,511 in Cash & Investment Balances, down $415,229 compared to last year. Accounts receivable were down $76,280 compared to last year. Prepaid expenses were up $262,609 compared to 2019 primarily due to the State Fair Park fees for the 2020 Home and Garden Show being credited to cover the 2021 Show. Fixed Assets increased by $50,313.Total Assets were $3,498,075 which is down $178,587 compared to 2019. On the Liability side, accounts payable were up $9,305 compared to last year. Accrued vacation expenses were up $741. Unearned revenue is up $46,097. Overall, Total Liabilities were $1,149,224 which is up $43,009 compared to 2019.GMAR has a Net Gain of $283,750 through September 30, 2020, down $545,134 from last year. Overall, Total Net Assets were $2,348,851; $221,596 lower than the same point in 2019.The primary factor in every significant decrease was the cancellation of the Home & Garden Show.Statement of Activities – Membership: Through September 2020, $1,769,582 was collected in dues. Last year through the end of September we had collected $1,820,486 in dues, so dues are $50,904 behind last year at the same time. GMAR had a 92% renewal based on number of members billed. New member budget for 2020: 500 REALTORS?, 50 DRs and 20 Affiliates. Through September, actual new members: 585 REALTORS?, 31 DRs and 3 Affiliates. Promotions: Through September 30, Home & Garden Show income is $9,620 and expenses are $142,624 for a net loss of $133,004. In mid-March, the Home & Garden Show was cancelled due to the COVID-19 pandemic, resulting in almost all the show’s income being eliminated. Many of the incurred expenses were refunded or applied to next year’s show. Budgeted net income for the Show was $254,200.Expenses related to Public Policy and Professional Standards are basically all personnel costs, incurring expenditures primarily in Labor and Overhead. The only significant expense is an event deposit and a couple of sponsorships.The Leadership section includes expenditures for meetings, committees, officer expenses, strategic planning, NAR Home Buyer and Seller survey and NAR meetings. The main expenses recorded through September were memberships and expenses for the president, sponsorships, travel expenses for the chair, and Milwaukee Bucks tickets.The Administrative section includes investment and rental income and expenses for professional fees, salaries, fringe benefits, building, insurance, occupancy, property taxes, general office expenses and depreciation.The bottom line shows Excess Receipts Over Expenditures of $283,750. Last year our net income was $828,884 for the same time period. The most significant reason for this change was a decrease in Home & Garden Show net income.M/S/C to approve the unaudited Statement of Financial Position (Balance Sheet) and Statement of Activities as of September 30, 2020 and recommend placing on file for audit. 2021 GMAR BudgetMr. Ruzicka presented the 2021 budget to the directors stating that the largest unknown is the Home & Garden Show’s (HGS) viability, given the field hospital built in the exposition center at State Fair Park to accommodate overflow coronavirus patients. For 2020 the Association initially budgeted net revenue for Promotions at $734,534, but once the HGS was cancelled, the revised budget showed income of $22,770, a $869,480 loss. For 2021 the Promotions budget is $262,350, $244,200 coming from the HGS. Membership income is expected to be $1,809,525, up $15,535 from 2020. The GMAR saw an increase in membership income, despite being in a recession, in 2008, as people lost jobs in other industries and came into real estate. We are also budgeting for 500 new members again in 2021. No funds were put into the Public Awareness Campaign for 2021 due to the unreliability of the HGS income, but a campaign could be assembled if the HGS appears to go off without an issue. Public Policy, Professional Standards, and Leadership are on par with past years. Administrative expenses are up $10,000 mostly due to staff salaries and benefits. The rental income the GMAR is realizing from Bell Bank taking the 2nd floor is nice to have. Bottom line is income of $2,691,105, expenditures of $2,719,172 yielding a net loss of $28,068. As always, the GMAR will revise its budget mid-year at the July Directors meeting.M/S/C to approve the 2021 budget as proposed. President’s ReportMike Ruzicka reported the following in addition to his written memorandum to the Board of Directors: GMAR Election – The 2020 GMAR Board of Directors election was held October 11th – 17th. The 4 top finishers were:1.Jose Flores, RE/MAX Lakeside2.Summer Hill, Shorewest Realtors 3.Jim Zarek, First Weber Inc.4.Jeremy Rynders, Keller Williams M/S/C to accept the results of the 2020 GMAR Board of Directors election. NAR Directors Meeting – The NAR Professional Standards Committee is proposing significant policy changes. The changes have been widely distributed and discussed on NAR’s HUB and other real estate outlets, and include: ?The scope of REALTOR? conduct which may be covered by the Code of Ethics, ?A new Standard of Practice relating to discriminatory speech, and ?Revision of the definition of public trust. Mr. Ruzicka provided a link to an NAR video that explained the proposal: GMAR Chair, Kel Svoboda, and Chair-Elect, Courtney Stefaniak, are our 2020 NAR Directors, and will be able to vote on this measure.2020 GMAR Award Winners – The GMAR Awards Committee met on October 23rd and discussed this year’s awards. There were several worthy candidates and the committee settled on the following:?Lifetime Achievement – Mary Steinke, Shorewest Realtors ?REALTOR? of the Year – Rochelle Gamauf, Next Home Lake Country ?Dedicated Service – Mark Kivley, RE/MAX Lakeside ?Affiliate of the Year – Jill Meier, Merit Title LLC The Association will create a video of each winner and post it for members to view. WRA Leadership Summit – The annual WRA Leadership Summit, usually held in early December in Waukesha, will go virtual this year. The agenda is still pending, but historically this is one the WRA’s premiere events. As we have in the past, the GMAR will register all Directors who wish to attend.DepartmentsPromotions (Home & Garden Show)Assuming 30% drop in attendance, reduced costs relating to printing, credit cards, etc. Assuming 20% drop in booth sales Reduced expenses from receptions, cooking demos, AV equipment, etc. due to COVIDDecreased marketing budget 20%. Government AffairsMarne Stuck reported the following:Direct Giver/RPAC Fundraising Update – COVID-19 has not slowed fundraising efforts in 2020 and this year is shaping up to be a record-breaking year. RPAC YTD = $71,883.50Direct Giver YTD = $39,321.29 for a total of $111,204.79 compared to $98,586.44 in ‘19 RPAC fundraising was up over $10,000 from 2019 and up over $20,000 from the last presidential election (2016). 10 of the 16 GMAR Board of Directors contribute to the Direct Giver. All 10 are members of WRA’s Large Donor Council. That is a huge part of our fundraising efforts/success. Professional Standards Scott Bush reported the following:M/S/C to approve the recommended discipline for cases:E20-30; E20-31; E20-35M/S/C to approve a citation policy for members who advertise property without disclosing their status as a real estate professional under article 12 of the Code of Ethics. Fine is $100 for a first offense and $500 for subsequent offenses.Mr. Bush provided an overview of NAR’s Professional Standards Committee proposal to consider recommendations from its Interpretations and Procedures Advisory Board on the Code of Ethics’ applicability to discriminatory speech and conduct. The NAR Board of Directors will vote on the proposals at their November 13, 2020 meeting. The consensus of the GMAR Directors was favorable toward the proposals which expand article 10 (A new SOP 10-5) to address hate speech and racial slurs and policy Statement 29 which basically addresses a REALTORS? conduct with respect to racial hate speech at all times—not just while performing duties as a REALTORS?. MLSChris Carrillo, Metro MLS CEO, provided an update on: Full Search is ending, Quick Search will be the only search option. Zillow changing its business model and becoming a real estate brokerage competitor vs. just a web portal. Morel vs. REALTORS cases around the country – no summary judgement issued for NAR; Metro MLS has been served a subpoena in the case. Old BusinessNoneNew BusinessExecutive Committee Election Secretary/Treasurer – Angela Walters M/S/C to approve of Angela Walters as 2021 Secretary Treasurer Chair-Elect – Kim Curtis M/S/C to approve of Kim Curtis as 2021 Chair-Elect (and 2022 Chair) AdjournThe meeting adjourned at 2:00 PM Respectfully Submitted,Mike RuzickaPresident/CEO__________________________________________Angela WaltersSecretary/TreasurerNew Member Report228 New Members joined October 28, 2020 - January 14, 2021 for approval (DR's - 15, R's - 212, A's - 1)MitchellAbramczykFirst Weber Inc~GreenfieldLeonelAlvarezRE/MAX Lakeside~CapitolKitAmidzichThe Real Estate Center, A Wisconsin LLCStellaAntonopoulos-GroserShorewest, REALTORS~MeadowbrookAlyssaBarbieriExit Realty XLMichaelBaschRE/MAX Realty 100~M FallsRichardBehrendBehrend Property LLCDavidBirkleRE/MAX Realty 100~Hales CorAprilBlathersAgape Realty Group LLCKiondraBohanonHomestead Realty Inc~MilwaukeeLaprenticeBoldenEXP Realty, LLC~MilwDonBondIDeal RealtyThomasBorgerKeller Williams Realty~Milw N Shore W BayStephanieBoswellKeller Williams Success RealtyPhoebeBotrosHomestead Realty Inc~MilwaukeeBriannaBowmanKeller Williams Realty~Milw N Shore W BayHeatherBoydCentury 21 Affiliated~DelafieldBridgetBrengelColdwell Banker Realty~MEQAshleyBrooksIDeal RealtyJenniferBrussoExit Realty XLChristopherBryanFirst Weber Inc~NPWBrittanyBrzenkColdwell Banker EliteJazzminBullockReThought Real EstateAngelBustamante ValleFirst Weber Inc~GreenfieldJenniferBuzzellList 4 Less MLS of WisconsinMariaCamachoNextHome My WayJeanieCarrShorewest, REALTORS~MorelandPamelaCartwrightShorewest, REALTORS~RacineTiareCastro-VillafuentesHomestead Realty Inc~MilwaukeeAnnieChambersKeller Williams Realty~Milw N Shore W BayHaileyChangRealty Executives Integrity~BrookfieldNicholasChapmanEXP Realty, LLC~MKEPattiChasteenRealty Executives Integrity~BrookfieldJulioCifuentesEmpowerment Realty Group LLCGradyClarkKeller Williams Realty~Milw N Shore W BayClarissaCobbEXP Realty, LLC~MilwBenjaminCohnKeller Williams Realty~Milw N Shore W BayBethelCohoonThe Wisconsin Real Estate GroupViktorCokaShorewest, REALTORS~South MetroDeparishColeRealty Executives Integrity~NorthshoreMichaelConerlyShorewest, REALTORS~N OaklandSugeilCotto-MartinsLuna ListingsRavenCrawfordShorewest, REALTORS~W NorthRobertCrothersKeller Williams Realty~Lake CountryAngeliqueCruzKeller Williams Realty Milw SW~New BerlinMeganDaleckyFirefly Real EstateSherryDavisNextHome My WayDawnDeBoerFirst Weber Inc~WKSarahDerivanShorewest, REALTORS~MNM FallsGregoryDeusterShorewest, REALTORS~MNM FallsJasonDiongMetallon Properties LLCZeinaDopieralaLaGalbo Realty, LLCKinardDozierShorewest, REALTORS~W NorthCaitlinDuerrBluebell RealtyMichelleEkstromShorewest, REALTORS~MeadowbrookDianeEppenThe Wisconsin Real Estate GroupKaraFarageShorewest, REALTORS~N OaklandShaquitaFaulknerKeller Williams Realty~Milw N Shore W BayMarkFiliatraultPrestige Realty WI LLCMichaelFinnColdwell Banker Realty~OgdenRachelForsterRE/MAX Heritage~MayMarizeFumeroHomestead Realty Inc~MilwaukeeDanielGalindoShorewest, REALTORS~W NorthMichaelGallunChudnow Druck Valuation, Inc.CassandraGilbertShorewest, REALTORS~South MetroAliciaGilmoreShorewest, REALTORS~W NorthSuzanaGlanekRoot River RealtyJosephGleesingPowers Realty Group~ShorewoodCarlissaGlennKeller Williams Realty~Milw N Shore W BayKalikahGordonColdwell Banker HomeSale Realty~ CorporateLisaGramollFirst Weber Inc~BKGailGreenKeller Williams Realty~Milw N Shore W BayCatherineGriffinBerkshire Hathaway HomeServices Metro RealtyEricGuadarrama-PosadaEXP Realty, LLC~MKECatherineGurgulShorewest, REALTORS~OCShelbyHaaseFirst Weber Inc~DLFJenniferHabersatRE/MAX Service First LLCThomasHagedornKeller Williams Realty~Milw N Shore W BayDawnHaiderShorewest, REALTORS~MNM FallsAnitaHalversonShorewest, REALTORS~OCMaxHandEmpowerment Realty Group LLCBradHansonColdwell Banker Realty~BRKMary BethHauserExit Realty XLLaraHeffernanKeller Williams Prestige RealtyMichelleHeintzEXP Realty, LLC~MKEKinyataHendriexReign RealtyAlyssaHergertVenture Real Estate Goup LLCStephanieHerkowskiFirst Weber Inc~BKNicoleHerreraHomeWire RealtyDanaHerrmannKeller Williams Realty Milw SW~New BerlinZacariusHoeyKeller Williams Realty Milw SW~New BerlinReillyHoffmanPorch Light Property Management & Real EstateLaChelleHooksFirst Weber Inc~NPWShanittaHortonRE/MAX Lakeside~CapitolCassondraHouseFirst Weber Inc~NPWAlexisHoward-SantiagoRE/MAX Lakeside~27thLeahHuntEXP Realty, LLC~MilwPaulIhrckeLandro Fox Cities RealtyMatthewJahnsPremier Point Realty LLCJeanneJaskolskiMahler Sotheby's International RealtyAndreaJenels-WimmerOgden, The Real Estate CompanyChelseaJenksFirst Weber Inc~MequonJesseJensenHomeWire RealtyCandaceJohnsMilwaukee's Best Real Estate Services LLCJeromeJohnsonNewberry PropertiesRandiJustmanHomeWire RealtyKatherineKamenzCherry Home Realty LLCCherylKarklusShorewest, REALTORS~MeadowbrookJenniferKazmierczakShorewest, REALTORS~South MetroOssieKendrixKendrix, REALTORSChristineKestlyFirst Weber Inc~WKHudaKhokharHomestead Realty Inc~MilwaukeeJeffKillhamRedfin Inc.ElizabethKingT3 Realty LLCKatelynnKirkmanHarbor Homes IncBeckyKligoraShorewest, REALTORS~OCChristopherKnightRealty Executives Integrity~NorthshoreMichaelKonkelMap Realty Group LLCJosephKonopkaGolden Oaks RealtyAdmirKopicFirst Weber Inc~West BendMirandaKrahnHome Town RealtyJacobKremelHomestead Realty Inc~MilwaukeeBrittanyKroupaKathy Wolf and Sons RealtyAnaliseKwiatkowskiRE/MAX Realty 100~MilwaukeeBlasLampeAgape Realty Group LLCChaimLampertGerald S Glazer BrokerBrandonLampsonRedfin Inc.ReedLarsonKeller Williams Realty Milw SW~New BerlinAnnLennartShorewest, REALTORS~DowntownTessaLeonardiShorewest, REALTORS~New BerlinAdanLoera DelgadoNextHome My WayDonnyLongColdwell Banker Realty~CEDMichaelLoomisShorewest, REALTORS~New BerlinDavidLopezRedfin Inc.TinaLussowTina Lussow, BrokerBalbirMahayShorewest, REALTORS~South MetroMarianMaherLandro Fox Cities RealtyMeganMahlerRealty Executives SoutheastKellyMarbleFirst Weber Inc~West BendTimothyMarksRE/MAX Realty 100~MilwaukeeMariahMarquardtColdwell Banker Realty~BRKBaileeMartinelliRealty DynamicsCaseyMastersonSarona HomesLeahnnaMazzullaColdwell Banker Realty~N ShoreCindyMcGillTri City National BankBridgetMcKenzieColdwell Banker Realty~BRKJacquelynMcmeansKeller Williams Realty~Lake CountryAlexandriaMedinaEXP Realty, LLC~MilwScottMetcalfShorewest, REALTORS~MNM FallsJeffreyMitchelRE/MAX Realty 100~MilwaukeeDavidMoPremier Point Realty LLCTylerMoenColdwell Banker Realty~BRKMichelleMonnatProStar Realty LLCMiriamMorenoShorewest, REALTORS~South MetroMarcoMorrisonRE/MAX Lakeside~CapitolJodieMrotekPowers Realty Group~MequonCynthiaMuellerBoss Realty LLCDanielMurphyCity of RacineLucasNelsenPremier Point Realty LLCJennieNeumannRealty Executives Integrity~BrookfieldLaneNygrenKeller Williams Realty~Lake CountryDyonaOldsShorewest, REALTORS~N OaklandKevinO'ShaughnessyKeller Williams Realty~Milw N Shore W BayJazzPalmerKeller Williams Realty Milw SW~New BerlinTiffaniParkerDream Realty LLCJoshuaParrentBoss Realty LLCJenniferPartekaRE/MAX GalleryWendyPaulsenThe Real Estate Co, Lake & Country IncShellyPekrulKeller Williams Realty Milw SW~New BerlinElizabethPerez MayetSmart Asset Realty IncLisaPienkosShorewest, REALTORS~N OaklandJamesPiwowarczykRealty Solutions GroupKristyPlassmeyerRE/MAX LibertyChristinaPloetzChudnow Druck Valuation, Inc.RobertPolegaThe Wisconsin Real Estate GroupKathyPopovichKeller Williams Realty~Lake CountryArvindRamachandranFirst Weber Inc~BKOrlandoReidFirst Weber Inc~NPWClarkRendallShorewest, REALTORS~South MetroKarenReplogleKeller Williams Realty~Milw N Shore W NorthJessalynRichShorewest, REALTORS~OCHeidiRobertsLake Country Home Realty LLCDe'arquiseRobinsonGardner & Associates Real EstateJanetRochaShorewest, REALTORS~New BerlinBriannaRoethleHomestead AdvisorsJaclynRubenKeller Williams Realty~Milw N Shore W BayJackSalemmeHomeowners Concept-WauwatosaEmmaSaulFirst Weber Inc~DLFRhondaSchmitt RandallLake Breeze RealtyJosephSchneidlerFirst Weber Inc~BKAndrewSchrammMichael J. SchrammAdrienneSchulteisHomestead AdvisorsMohammedScruggs-RashaedRightly Guided Real Estate LLCFasahatShahMaverick Property Pros LLCAntoinetteSmithKeller Williams Realty~Milw N Shore W BayMarthanSolochekRE/MAX Lakeside~CapitolAntoinetteSpencerColdwell Banker Realty~N ShoreKyleStephensShorewest, REALTORS~New BerlinKevinStuckertResilient Realty LLCDeannaTaylorFirst Weber Inc~MFVictorThomasFirst Weber Inc~DLFBridgetTigheKeller Williams Realty~Milw N Shore W BayLashantayTillmanKeller Williams Realty~Milw N Shore W BayElizabethToomeyKeller Williams Realty~Milw N Shore W BayNehaTownsKeller Williams Realty~Milw N Shore W BayTracyTreacyFirst Weber Inc~NPWConnorVafiFirst Weber Inc~BKJoseValle SollanoACTS Community Development CorpDesireeVeaseyMilwaukee's Best Real Estate Services LLCMichelleVogdsRealty Executives Integrity~BrookfieldJasmineVreekeShorewest, REALTORS~South MetroKaylaWaltemathFirst Weber Inc~GreenfieldWilliamWarrenKeller Williams Realty~Milw N Shore W BayLaetitiaWaskoFirst Weber Inc~MequonDawnWeedenRE/MAX Realty 100~M FallsShereeWegenkeShorewest, REALTORS~MNM FallsRonaldWeisChudnow Druck Valuation, Inc.ThomasWellerShorewest, REALTORS~West BendLauraWendtShorewest, REALTORS~OCJessicaWillerShorewest, REALTORS~MorelandLaquishaWilliamsMap Realty Group LLCElizabethWilliamsonKeller Williams Realty~Milw N Shore W BayKathyWolfKathy Wolf and Sons RealtyDarryWorthamIDeal RealtyMaikouYangHomestead Realty Inc~MilwaukeeMelissaYoungShorewest, REALTORS~New BerlinJenniferZoellerRealty Executives Integrity~BrookfieldScottZylkaFirst Weber Inc~DLFMembership categories: DR = Designated REALTOR?, R = REALTOR?, RN = REALTOR? No National; A = Affiliate, AC = Affiliate Corporate, LAC = Local Affiliate Corporate, LACC = Local Affiliate Corporate Contact*Includes former GMAR members who had to rejoin the GMAR as new members.center1203325002021 GMAR BudgetNovember 2020 Financial NotesStatement of Financial PositionAs of November 30, 2020, GMAR had $2,187,579 in Cash & Investment Balances, down $350,545 compared to last year.Accounts receivable were down $97,440 compared to last year. Prepaid expenses were up $226,765 compared to 2019 primarily due to the State Fair Park fees for the 2020 Home and Garden Show being credited to cover the 2021 Show. Fixed Assets increased by $51,511.Total Assets were $4,413,333 which is down $169,709 compared to 2019.On the Liability side, accounts payable were up $10,538 compared to last year. Accrued vacation expenses were up $741. Unearned revenue is down $17,383. Overall, Total Liabilities were $2,331,121 which is down $17,821 compared to 2019.GMAR has a Net Gain of $12,110 through November 30, 2020, down $475,425 from last year. Overall, Total Net Assets were $2,082,211; $151,888 lower than the same point in 2019.The primary factor in every significant decrease listed above was the cancellation of the Home and Garden Show due to COVID-19.Statement of ActivitiesMembership: Through November 2020, $1,810,234 was collected in dues. Last year through the end of November we had collected $1,846,671 in dues, so dues are $26,437 behind last year at the same time. GMAR had a 92% renewal based on number of members billed. New member budget for 2020: 500 REALTORS?, 50 DRs and 20 Affiliates. Through November, actual new members: 748 REALTORS?, 36 DRs and 4 Affiliates.Promotions: Through November 30, Home and Garden Show income is $9,620 and expenses are $142,624 for a net loss of $133,004. In mid-March the Home and Garden Show was cancelled due to the COVID-19 pandemic, resulting in almost all of the show’s income being eliminated. Many of the incurred expenses were refunded or applied to next year’s show. Budgeted net income for the Show was $254,200.Expenses related to Public Policy and Professional Standards are basically all personnel costs, incurring expenditures primarily in Labor and Overhead. The only significant expense is an event deposit and a couple of sponsorships.The Leadership section includes expenditures for meetings, committees, officer expenses, strategic planning, NAR Home Buyer and Seller survey and NAR meetings. The main expenses recorded through November were memberships and expenses for the president, sponsorships, travel expenses for the chair, and Milwaukee Bucks tickets.The Administrative section includes investment and rental income and expenses for professional fees, salaries, fringe benefits, building, insurance, occupancy, property taxes, general office expenses and depreciation.The bottom line shows Excess Receipts Over Expenditures of $12,110. Last year our net income was $487,536 for the same time period. The most significant reason for this change was a decrease in Home and Garden net income. Statement of Financial Position (Balance Sheet)center20447000center25971500Statement of Activities213296543567350-100330842010MEMORANDUMTo:GMAR Board of DirectorsFrom:Mike Ruziicka, PresidentRe:January President’s ReportDate: DATE \@ "MMMM d, yyyy" January 15, 2021NAR DOJ Settlement As you probably have heard, NAR and the Department of Justice have reached an agreement regarding MLS rules. One component of the settlement is that MLSs/Associations must allow non-members (who are licensed) to access listings that have lockboxes, with a seller’s consent. I was initially very worried that we would have to provide free access to non-members who wanted to access SentriLock boxes.I am still a little worried, but it appears that we will be able to charge non-members a reasonable fee for accessing the SentriLock system. We are waiting for final guidance from NAR and the DOJ.We should think about a threshold for accessing the SentriLock system. Perhaps we would not charge an agent who accesses the SentriLock system occasionally, but after accessing the system X times in a given period of time, would have to pay the $11.50/month that current members pay.2021 Public Awareness CampaignWhile our 2021 budget is in flux for the moment, we can think about the types of messages we would like to send the buying and selling public this year.I have discussed conducting a social media campaign out of our office with the staff in order to reduce our costs.Obviously, the lack of inventory is one theme we can address, but I would like to solicit your thoughts on additional topics. Here are a couple I have thought of: Inventory Buyer Preparedness Anti-FSBO message Why use a REALTOR? REALTOR? Membership Membership has been a very bright spot in the GMAR’s budget for several years. In August we billed 4,864 members and as of 12/31/20 we had 90% (4,397) renew. That puts us a bit ahead of what we had budgeted. The 4,397 renewals were 470 ahead of December 2019. At the end of 2020, we give those who have not renewed a few days grace period, and then turn off all of their services. On 1/8/20 MLS shut off 349 members, this year on 1/8/21 only 257 members we shut off. Strategic Plan UpdateP 30Code of EthicsSent out 17 “Ethics Exchange” emails in 2020Added “Re-Orient Yourself” to newsletter In 2021 we will host several Zoom events/classes/seminars on ethics Sanctions have increased significantly Value Proposition of REALTORS? Continued distributing statistics press releases Monica Baer creating media opportunities 2021 social media campaign Public Policy2020 elections distracted from this objective REALTOR? Professionalism 2021 panel discussion with pat chairs (professionalism, leadership examples, etc.)HomeownershipInvolved with area housing agencies, i.e. UEDA, HRI, Take Root MKE. What other communication vehicles should we use? More podcasts, short videos, etc.?Additional Information NAR Real Estate Forecast Summit links to access the Summit materials, including the full video, presentations, and Forecast Report infographics: ?Video: ?Lawrence Yun’s presentation slides: ?Full Consensus Forecast Infographics: ?Top 10 Markets Forecast: The Chicago Fed hosted the 34th Annual Economic Outlook Symposium (EOS) virtually on December 4. Chief economists and senior executives from the banking, auto, steel, and machinery industries provided their perspectives on the economy and the long road to recovery from the pandemic.? ? Recurring Status ReportsGMAR Snapshot P 25MLS MembershipP 20GMAR Organizational ChartP 262021 GMAR Directors RosterP 272021 GMAR CalendarP 28GMAR Strategic PlanP 30center4064000GMAR 2020 Organizational Chart-110871016573502021 GMAR Board of DirectorsTerms expiring12/31/2021Terms expiring12/31/2022Terms expiring12/31/2023Joe HorningShorewest, Realtors17450 W. North Ave.Brookfield, WI??53045-4337O?262.827.4200 jhorning@NRDS: 090096259 (3yr term from Exec Roundtable)Maureen StalléKeller Williams205 E Silver Spring DriveWhitefish Bay, WI 53217O 414.967.7900 M 414.403.1624 mstalle@ NRDS: 090051909 (3yr term from Exec Roundtable)(3yr term from Exec Roundtable)Ted DenticeShorewest, Realtors (2nd Term)17450 W. North Ave.Brookfield, WI??53045-4337O?262.827.4200 M 262.289.6230tdentice@ NRDS: 090017283Courtney Stefaniak, ChairThe Stefaniak Group (2nd Term)2234 S 108th StMilwaukee, WI 53227-1108M 262.271-5089castefaniak@ NRDS: 090113039 Jose Flores (1st Term) RE/MAX Lakeside5341 S 27th Street Milwaukee, WI 53221 O 414.325.0000 josefloreshomes@ NRDS: 885500352 Kim Curtis, Chair-ElectShorewest, Realtors (1st Term)2419 W. Washington St.West Bend, WI 53095M 262.707.2363kcurtis@ NRDS: 090060874Roger RushmanFirst Weber Inc. (2nd Term)2750 Golf Rd, Suite ADelafield, WI 53018-2063O 262.646.6800 M 414.333.5313 rrushman@ NRDS: 090015540Summer Hill (1st Term) Shorewest, Realtors 11622 W North Ave. Wauwatosa, WI 53226 O 414.476.7100 summerhill@ NRDS: 090055854 Angela Walters, Secretary/TreasurerEXP Realty, LLC (1st Term)342 N Water St, Ste 600Milwaukee, WI 53202-5715M 414.235.1152 angela.walters@NRDS: 090094348 Mark Kivley (1st Term)RE/MAX Lakeside 1200 E Capitol Dr Ste 200Milwaukee, WI 53211M 414.406.1840 kivleyteam@ NRDS: 090020696Jim Zarek (1st Term) First Weber Inc. 17345 W Bluemound Road Brookfield, WI 53045 O 262.782.3110 jzarek@ NRDS: 090062462Judy Hearst (1st Term)Coldwell Banker Residential Brkrge11303 N Port Washington RdMequon, WI 53092-3411M 414.702.2064judy@ NRDS: 090045822 Sarah Cole (1st Term) Landmark Realty 3800 S 97th StMilwaukee, WI 53228 M 414.510.4903colesarahb@ NRDS: 090128495Jeremy Rynders (2nd Term)Keller Williams Realty2665 S Moorland Rd, Suite 104New Berlin, WI 53151M 414.795.6675jrynders@ NRDS: 090118704Kel Svoboda, Past ChairFirst Weber Inc. (2nd Term)4650 N Port Washington RdGlendale, WI 53212-1077O 414.962-3000 M 414.213.9014kel@ NRDS: 090098433Mike – 885500353Marne – 090082562Scott – 8855001712021 GMAR Meetings & Events CalendarJanuary1GMAR Fiscal Year begins6GMAR Orientation 14GMAR Executive Committee Meeting 21GMAR Board of Directors Meeting – 12:00 Noon, (Virtual) 21-22GMAR Youth Foundation Board Meeting – GMAR26-28Inman Connect New York 2021 (Virtual) 29WRA Board of Directors Meeting – Madison, WIFebruary3 GMAR Orientation 4 MLS BOD Meeting (Virtual) 15GMAR Audit – Wegner & Assoc.March 3GMAR Orientation 11GMAR Executive Committee Meeting/Conference Call 18GMAR Board of Directors Meeting –12:00 Noon, GMAR Headquarters26-April 397th REALTORS? Home & Garden Show – Wisconsin Expo Ctr, West Allis, WITBDMarquette Univ & GMAR/WRA Economic Summit – Italian Community Center April7GMAR Orientation 14REALTOR? & Government Day – Madison, WI22-23GMAR Youth Foundation Board Meeting – GMAR29GMAR Executive Committee Meeting May5GMAR Orientation 6MLS BOD Meeting – TBD 6GMAR Board of Directors Meeting – 12:00 Noon, GMAR HeadquartersTBDBrewers Bash – Miller Park, Milwaukee, WI7WRA Board of Directors Meeting – WRA Headquarters, Madison, WI12-15NAR REALTORS? Legislative Meetings – Washington, D.C.28Deadline for 2021 NAR Committee ApplicationsTBDWomenStrong GMAR Women’s Conference – Italian Community Center June2GMAR Orientation TBDDowntown Open House 27-30Real Trends: Gathering of Eagles, Colorado Springs, COJuly1GMAR BOD Candidate Applications available to members1GMAR Executive Committee Meeting 6GMAR Board of Directors Mtg – Ironwood Golf Course6GMAR Summer Golf Outing – Ironwood Golf Course14GMAR Orientation 22-23GMAR Youth Foundation Board Meeting – GMARAugust4GMAR Orientation 6WRA BOD Meeting – TBD 23-24NAR Leadership Summit – Chicago, IL (Chair-Elect)TBDGMAR Nominating Committee Meeting – GMAR Headquarters31Last day for GMAR BOD Candidates to submit ApplicationsSeptember1Nominating Committee notification of BOD Candidates to membership8GMAR Orientation 9MLS BOD Meeting – TBA TBDWRA Leadership Summit – WRA TBDKettle Moraine Council Wine Tasting TBDWRA Convention – Kalahari, WI Dells 9GMAR Executive Committee Meeting 16GMAR Board of Directors Meeting – 12:00 Noon, GMAR Headquarters30GMAR Board of Directors Write-In Candidate Deadline21-24CMLS Annual Conference, Seattle, WA October6GMAR Orientation10-16GMAR Board of Directors e-Election21-22GMAR Youth Foundation Board Meeting 28 GMAR Executive Committee Meeting November 3GMAR Orientation 4GMAR Youth Foundation Annual Meeting – 11:30 AM, GMAR Headquarters4GMAR Board of Directors Meeting – 12:00 Noon, GMAR Headquarters12-15NAR Convention – San Diego, CA December8GMAR OrientationTBDChairwoman’s Holiday Party & GMAR Annual Mtg TBDWRA Management Conference – TBA31GMAR Fiscal Year endscentercenter00centercentercentercenter00centercenter00centercenter00centercenter00centercenter00centercenter00 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download