Create Section 5 under Article VIII

Proposed: “Section 5. Dues Payment Schedule and Nonpayment Penalty. Payable by date set by staff, with initial notice of payment sent to membership a minimum of 60 days prior to due date. Once the payment due date passes, a late fee will be administered.”

Article IX Section 3

Current: “The governing body of the Association shall be a Board of Directors consisting of the Officers and the Immediate Past President of the Association and elected Directors-At-Large derived by using the following formula:”

Proposed: “The governing body of the Association shall be a Board of Directors consisting of the Officers, the Immediate Past President of the Association, a non-voting Affiliate Member Liaison, and elected Directors-At-Large derived by using the following formula:

One (1) Director-At-Large for every one hundred seventy-five (175) REALTOR members of the Association as of April 1^st of the current year. (Ex: 1386 REALTOR® Members divided by 175 = 8 Directors-At-Large..

The non-voting Affiliate Liaison will be nominated by the Affiliate Committee with appointment by the President, with approval by the Board of Directors, for a one year term.”

Article IX Section 3

Current: “AII members of the Board of Directors shall be Members in Good Standing and shall serve a term of three years, with the option to serve a second term should they be nominated and elected. No more than two (2) REALTORS® from the same real estate agency may simultaneously serve on the Board of Directors, with the exception of the active most recent Past President.

Proposed: “AII members of the Board of Directors shall be Members in Good Standing and shall serve a term of three years, with the option to serve a second term should they be nominated and elected. No more than one third of the voting Board of Directors shall be REALTORS® from the same real estate agency, with the exception of the immediate Past President.”