BLACK HILLS ASSOCIATION OF REALTORS BOARD OF DIRECTORS November 16, 2012 Approved Call to Order: President Kris Brice

called the meeting to order at approximately 8:15 a.m. in the Association Office. Bart Miller and Gene Hensley were excused. All other officers and directors were present. Pledge of Allegiance: The Pledge of Allegiance was said. REALTOR Pledge The REALTOR pledge was said. Agenda: Stuart Martin made a motion to approve the agenda as amended. Ron Balster seconded the motion, which passed unanimously. Minutes: It was noted the October 12, 2012 minutes were approved by email vote and have been distributed. Membership Applications: New REALTOR/Appraiser: Michael Craven, Haeder & Associates

Kelly Howie moved to approve the applications pending completion of all membership requirements. Tony Divan seconded the motion, which passed unanimously. Financial Report: Ed Dreyer presented financial statements for September and October 2012 and moved to receive as presented. Lisa Dorsey seconded the motion, which passed unanimously. NAR Quiz: The Directors participated in an interactive online quiz to test their knowledge of Architecture. Guest: John and Michael Haeder asked to speak to Directors. Michael shared thoughts on training appraisers and future shortages of appraisers. He asked Directors to think about some membership ideas he provided. Unfinished Business: Affiliate Sponsorship Update: Directors were asked for an update on the 2013 sponsorships. It was noted that the March, June, November and December breakfasts, along with one RPAC event were still available. New Business Travel Requests: None Committee Reports: Executive Committee: President Brice reported that the 2013 Executive Committee would be reviewing the Association Strategic Plan and reporting back to the BOD. BHAR Outreach: Ed Dreyer reported that tickets are being sold and asked each Director to take a book to sell. Directors were reminded that there will be a silent auction at the Christmas Party to put toward seed money for next year. Christmas Party: Lisa Mueller-Cox reported that over 100 people are signed up for the December 13 party and that the Johnny Sundby band will play. She added that Kids Christmas Movie is scheduled for December 1. NAR Conference: Kris Brice reported on the economic issues and trends noting NARs projection of inflation by 2015. Other mentionable items were that interest rates should stay low and possibly go even lower this year and next year; rentals are going up; young people are going back to renting; new construction is at 50 year low, slower lender response part of the problem, and single family homes show an 8 year inventory low. She attended a session on generational gaps noting that honesty, respect, and sincerity were stressed and donated a Generational game to the Board.
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Kelly Howie shared that from his perspective, it was an incredible feeling to be at the conference; to learn we are a small part of a huge protective organization and that NAR is looking out for each individual member. He talked about the variety of training and speakers. He attended several sessions on leadership and association management opportunities. As an attendee he has free access to videotaped sessions for one year. He said it was important to note that Realtors were instrumental in obtaining the five year extension of the flood insurance program. Amy Bochman provided feedback on RPR noting that it is still very controversial with Realtors. She reported on Syndication meetings and the general feeling that Internet data is out of control with no way to stay on top of it. She will report on a legal session at the December meeting. Owner/Broker Request: On behalf of eight owner/brokers, Kelly Howie brought forward the following request to revise the recently approved Bylaws change to Section 5 and add the language shown in red font: Section 5. Appointment of Committee. The president shall appoint a multiple listing committee of nine (9) members consisting of two (2) Designated REALTOR Members or their representative, two (2) Technology Committee Members, two (2) Board of Director Members, and three (3) REALTOR Members at large subject to approval by the Board of Directors. All members of the committee shall be participants in the multiple listing service and named to serve two-year, staggered terms. The chairperson shall be designated by the president. (Amended 2012) Directors discussed the wording and recommended the following: Section 5. Appointment of Committee. The president shall appoint a multiple listing committee, subject to approval by the Board of Directors, of nine (9) members consisting of two (2) Designated REALTOR Members or their representative, two (2) Technology Committee Members, two (2) Board of Director Members, and three (3) REALTOR Members at large. All members of the committee shall be participants in the multiple listing service and named to serve two-year, staggered terms. The chairperson shall be designated by the president. (Amended 2012) Kelly Howie moved to bring the language addition to membership vote per Bylaws guidelines; Ed Dreyer seconded the motion which passed unanimously. Lisa Mueller-Cox moved that this board authorize an owner/broker committee subject to creating a committee objective or purpose. Linda Rausch seconded the motion, which passed unanimously. Vacancy Appointment: Per BHAR Bylaws, vacancies among the Officers and the Board of Directors shall be filled by a simple majority vote of the Board of Directors. At the subsequent annual election, the remaining portion of the vacated position shall be filled by membership vote. With the election of Stuart Martin to Secretary-Treasurer, his position as local Director shall be appointed until the next election. Kelly Howie moved to appoint Shawn Wood; Ed Dreyer seconded the motion which passed unanimously. NAR Reply to Governing Documents/Compliance: Dave Jones moved to table this item until the December meeting. Ron Balster seconded the motion, which passed unanimously. Ring the Bell Day: Kris Brice updated directors on the December 7 plan. There are 9 ring the bell locations- each shift lasts 2 hours with the first beginning at 10 a.m. and the last ending at 6:00 p.m. Approximately 10 people have signed up and at least 26 more volunteers are still needed. State Leadership Academy: Ed Dreyer gave a brief update on the first session for the leadership academy, noting Richard Mendenhall, past NAR president, was speaker. He was very impressed with the presentation which discussed various leaders, business ethics, and decisions Richard had to make in regard to Realtor.com, Dave Jones moved to go into Executive Session; Stuart Martin seconded the motion which passed unanimously. Executive Session Ron Balster moved to come out of Executive Session; Lisa Dorsey seconded the motion which passed unanimously. Kelly Howie moved to approve the 2013 budget as presented. Stuart Martin seconded the motion. The motion passed unanimously.
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Other: Mediation/ethics, membership numbers and meeting attendance, and under contract information were provided to the group. SentriLock Update reviewed spreadsheet. No action is needed at this time. With no further business, the meeting was adjourned. Amy Bochman Executive Vice President Black Hills Association of REALTORS