BLACK HILLS ASSOCIATION OF REALTORS BOARD OF DIRECTORS March 14, 2014 Approved Call to Order: President-Elect Ed Dreyer called

the meeting to order at approximately 8:15 a.m. in the Association Office. Bart Miller, Tony Hensley, Ron Kroeger, and Alicen Dupont 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: Lisa Mueller-Cox made a motion to approve the agenda as amended. Kelly Howie seconded the motion, which passed unanimously. Minutes: It was noted the February 14, 2014 minutes were approved by email vote and have been distributed. Membership Applications: New REALTOR

Susan Urban, Century 21 ClearView Realty Penny Lind, Century 21 ClearView Realty Jackson Cyr, VIP Properties LLC

Kelly Howie moved to approve the applications pending completion of all membership requirements. Pam Heiberger seconded the motion, which passed unanimously. Financial Report: Lisa Mueller-Cox reported on the 2013 end of year financials after CPA adjustments and presented financial statements for February. She then moved to receive February financials as presented. Sheila Tom seconded the motion, which passed unanimously. Unfinished Business: Affiliate Member Challenge: Directors were reminded of the new affiliate member challenge. Installation Update: The title companies have agreed to the change in sponsorship from an evening Installation event to a RPAC event. The Executive Committee has determined that for 2014, Installation of new officers and directors will be held with the November breakfast. New Business Committee Reports: Executive Committee: Update to MLS Committee recommendation for BHAR legal review as related to Associated Documents on the MLS for sold, withdrawn, or expired listings. The Executive Committee recommends setting the system to remove all associated documents on the MLS for sold, withdrawn, or expired listings at "1" which will retain those documents till the end of the month before purging them. Lisa Mueller-Cox moved to set the MLS System to "1" for purging of Associated Documents upon the recommendation of legal counsel. Stuart Martin seconded the motion which passed unanimously. Technology Committee: The Technology Committee brings forth a recommendation as follows: that BHAR enter into a contractual relationship with RPR subject to agreement clarification and legal approval. Stuart Martin moved to approve the recommendation; Chris Long seconded the motion which passed unanimously. Forms Committee: The Forms Committee brings two recommendations as follows: Recommend to the Board of Directors to strike the word "business" from #12: Inspection of Physical Condition of Property, in both places on the Purchase Agreement. Shawn Wood moved to approve the recommendation as stated; motion was withdrawn due to lack of second. Stuart Martin moved to send back to the Forms Committee to review the Purchase Agreement in regard to business or days consistency throughout the form. Kelly Howie seconded the motion, which passed unanimously.

Recommend to the Board of Directors to add the words "or before" after the word "on" in the Expiration paragraph of the Counter Offer. Lisa Mueller-Cox moved to approve the recommendation as stated; Kelly Howie seconded the motion which passed unanimously. BHAR Outreach Committee: The committee recommends approval of the Cornerstone Rescue Mission to provide funds for utilities and rental deposits to assist homeless families in obtaining permanent affordable housing for the 2014 charity organization. Kelly Howie moved to approve. Shawn Wood seconded the motion, which passed unanimously. Other: Mediation/ethics, membership numbers and meeting attendance, and under contract information were provided to the group. Lisa Mueller-Cox moved to adjourn; Shawn Wood seconded the motion which passed unanimously.

Amy Bochman Executive Vice President Black Hills Association of REALTORS