Committee Descriptions for Proposal ASSOCIATION POLICIES FOR COMMITTEES The MAR Leadership Team shall annually recommend a committee structure for the upcoming year to the Board of Directors for approval. Unless otherwise stated, the Chair and members of each standing Committee for each elective year shall be appointed by the President for that elective year, and the Vice Chair by the President-Elect. Unless otherwise stated, terms of Committee members shall be one calendar year and members shall not have term limits. The President may create task forces and subcommittees throughout the year. Each subcommittee shall report to its main committee, and may only make recommendations to the full committee. Task forces with special assignments are established for limited time periods and its term shall not exceed the term of the appointing President unless otherwise approved by the Board of Directors of the succeeding year. STANDING COMMITTEES Association Executive Committee Charge: The purpose of the MAR Association Executives Committee (AEC) is to provide a forum for Association Executives to be informed on Association issues and procedures. In addition, the AEC works to foster cooperation in the exchange of information and experiences among its members and between the local Boards/Associations and the Massachusetts Association of REALTORS®. As appropriate, the AEC shall provide recommendations to MAR Leadership Team on issues of concern to the local REALTOR® Boards/Associations. MAR staff members are invited to meetings by the Chair as appropriate. In addition, other local Board/Association Staff may be invited to meetings, with notice to the Chair. The AEC may maintain a Fund for the purpose of purchasing cards, flowers, or gifts for its members and other purposes as approved by the Committee. Each Committee member is encouraged to make a donation annually to replenish the fund. Composition: The Association Executive Committee shall be comprised of the Association Executive from each local Association and the State Association CEO/EVP, who shall also be a voting member. The Chair will be elected annually by the Committee and shall be elected prior to the NAR Annual Convention. A Vice Chair may be elected each year, but is not considered Chair-Elect. Meetings: The Association Executives Committee shall meet as needed. Audit Committee Charge: The charge of the Audit Committee is to recommend to the Board of Directors a selection of outside auditors to conduct an annual independent financial audit. The Audit Committee shall review the scope of the audit and the general internal control issues with the auditors. Composition: The Audit Committee shall be comprised of five to seven members. It shall be required that two members meet the following criteria: currently practicing MA CPAs (preferably with Not-forProfit experience); not REALTOR® members; and not employed by MAR’s Auditors. The Chair, Vice-Chair and at least one other member must be REALTOR® members in good standing and may not include the current MAR Treasurer. Terms: Members of the Audit Committee shall serve no more than three consecutive one-year terms. Meetings: The Audit Committee shall meet at least two times per year Awards and Recognitions Committee Charge: The charge of the Awards and Recognitions Committee shall be to select all award recipients, including, but not limited to: REALTOR® of the Year; Milt Shaw Award; Educator of the Year; Good Neighbor Award; Public Policy and Property Rights Advocacy Award; Life Membership review; and other awards as appropriate. Each award recipient will be selected by the two most recent MAR past presidents, current MAR President, MAR CEO/EVP, and three most recent past recipients for that respective award based on the specific criteria for that award. Composition: The Awards and Recognitions Committee shall be comprised of the following members: the two most recent MAR past presidents, current MAR President, MAR CEO, and the three most recent past recipients for each award. Meetings: The Awards and Recognitions Committee shall meet on an as-needed basis. Forms Content Committee Charge: The charge of the Forms Content Advisory Committee shall be to monitor and advise MAR attorneys regarding content revisions to existing MassForms™. Composition: The Forms Content Advisory Committee shall be comprised of one member from each local association appointed for the ensuing year by the respective current Local President-Elect. Meetings: The Forms Content Advisory Committee shall meet on an as-needed basis. Government Affairs Committee Charge: The charge of the MAR's Government Affairs Committee shall be to review current legislative and regulatory issues and provide input to the MAR Leadership Team and staff. The Committee is authorized to make decisions with MAR professional staff regarding MAR positions on regulatory and legislative issues pursuant to the MAR Public Policy Statement. Composition: The MAR's Government Affairs Committee shall be comprised of one member from each local association appointed for the ensuing year by the respective current Local President-Elect and up to five at large appointments by the MAR President. The Leadership Development Committee shall set forth criteria for membership for this Committee. Meetings: The Government Affairs Committee shall meet on an as-needed basis. Investment Committee Charge: The charge of the Investment Committee shall be to act for and report quarterly to the Board of Directors regarding all investment activities of the Association. The Investment committee shall be guided by an independent outside professional investment advisory firm. The Committee shall ensure that the outside firm complies with the MAR investment policy as approved by the Board of Directors. Composition: The Investment Committee shall be comprised of seven to nine members and the MAR Treasurer. Preference shall be given to those applicants with investment and/or financial experience. Meetings: The Investment Committee shall meet at least four times per year. Member Benefits Committee Charge: The charge of the Member Benefits Committee shall be to evaluate, provide and promote services and products that benefit a member's business and enhance services to MAR members. Composition: The Member Benefits Committee shall be comprised nine to 15 members. Meetings: The Member Benefits Committee shall meet approximately six times per year. Professional Development Committee Charge: The charge of the Professional Development Committee shall be to plan the educational programming and events including, but not limited to: GRI Programs; online CE services; international and broker education; and other professional development programs. Composition: The Professional Development Committee shall be comprised of 9 to 15 members. Meetings: The Professional Development Committee shall meet approximately five per year. Professional Standards Committee Charge: The charge of the Professional Standards Committee is to continue to provide fair, ethical and consistent Professional Standards services through experienced and well-trained members. Members shall be available to serve pursuant to the MAR Interboard Agreement and the Interstate Arbitration Agreement, including but not limited to: offering mediation, ombudsman, grievance, and arbitration. PLEASE NOTE: Training is required for this committee and is provided by MAR. Composition: All MAR members who have been trained as Professional Standards administrators, mediators, or ombudsmen shall serve on this Committee. Professional Standards administrators must have been trained within the past two years. Meetings: The Professional Standards Committee shall meet on an as needed basis, and individuals may be asked to serve on a panel as needed. Charitable Foundation, as defined in the Charitable Foundation Bylaws REALTOR® Independent Expenditure Political Action Committee , as defined in the RIPEAC Guidelines REALTOR® Political Action Committee, as defined in the RPAC Bylaws
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