Traverse Area Association of REALTORS® Minutes of Board of Directors Meeting Date: 06‐25‐2010

Meeting was called to order at the Traverse City Area Chamber of Commerce Boardroom by President Matt Dakoske at 8:35 a.m.

Roll Call: Matt Dakoske, Debi Dechow, Andrea Galloup, Mary Janik, Stephen Karas, Brent Nichols, Toni Morrison, Brad Platt, Peter Read, Jules Yates, Matt Hodges, Shelley Quinn‐Becker, Mike Nagy Staff in attendance: Kim Pontius, JoAnn Overzet Excused: Brad Platt Also in attendance: Karen Lanham from Supra and Carl Stellin, Butch Dewey and Julie Pietrowicz

Pledge of Allegiance

Motion to ratify the agenda: Motion made by Mary Janik, 2nd by Debi Dechow to ratify the agenda. Motion passed

Motion to Approve Consent Calendar: Motion made by Stephen Karas, 2nd by Debi Dechow to include a change to the Board of Directors Minutes of 5/26/10 to include the email vote from Nagy approving the budget. Motion passed.

Supra Representatives made a presentation of a three year contract for an electronic lockbox system for TAAR.

Member Comment Period: Members Butch Dewey, Carl Stellin and Julia Pietrowicz voiced their concerns regarding the increase in MLS fees.

EVP’s Report: Pontius distributed a list of TAAR Membership Benefits. Ideastream is the new marketing/advertising company for TAAR. He also presented a breakdown of the cost of the building renovation on a per member per month basis. Letters had been sent out to remind brokers about the change in policy for Personal Assistant members. Pontius met with several brokers and agents regarding the dues increase. He has been working with Comstock Construction, the contractors, on a daily basis. He received a letter from Dave Camp and an email from Levin in response to the recent REALTOR Call for Action items. There are new tabs on the Members Only webpage for Lockbox and Brokers. Matt Hodges reported that an ad hoc committee has been meeting to make recommendations for ways for the Association to communicate with its members. There should be a report prepared at their next meeting.

Treasurer’s Report: Treasurer Brent Nichols reminded the Board that the first Strategy in the new Strategic Plan is to have fiscal responsibility. The new budget is based on 600 MLS members. The Budget & Finance Committee has added three members, and now consists of:

Brent Nichols, Rick Stein, Peter Read, Doug Meteyer, Vicky Oltersdorf, Matt Hodges and Dennis Pearsall plus the EVP, President and President Elect are invited to attend. The next meeting of the committee will be at Remerica at 9:00 a.m. on Friday, July 9, to review the budget and where we stand with membership numbers. Regarding the changing of Personal Assistants to full REALTOR® members, so far 11 have joined, 12 have deleted and 45 have not yet applied.

President’s Report: President Dakoske apologized to the directors for any actions he made at the last Board of Director’s meeting that might have offended them. He has received as many calls in support of the Board’s decisions as opposed. He reviewed the criteria the Board put forth in their search for a new EVP and gave Pontius high praise for filling that criteria and doing a great job for the Association. Dakoske reviewed the Michigan Reciprocal Alliance meeting where the question of a northern Michigan MLS has been considered. There are 12 boards and 8 Paragon users in the Alliance. Dakoske suggested the Board should actively seek to form a regional MLS to save dollars for our members. Suggested Directors go to compete.com and compare traffic among Board websites. TAAR’s website gets 10 times the traffic of Paul Bunyan or Antrim, Charlevoix Kalkaska Association.

Habitat for Humanity Update: Karas thanked Affiliate Members for their support of the TAAR Habitat project. TAAR will keep raising money until a project can be funded.

New Business: Matt Case, RPAC Committee Chair and MAR Director, gave a summary of what is happening on the political scene. There is an open seat on the MAR Board of Directors for our area with a July 16 deadline for applying for it.

Affiliate Update: Quinn‐Becker reported that the Affiliate Ambassador Committee is selling nails for Habitat for Humanity at their Wine & Cheese events. There will be a “lollipop” tree with nails and the winner would win a prize. She requested that TAAR donate a free banner ad for one month for the winner at each event. Janik moved and Karas seconded that TAAR make the donation of the banner ad. Motion Approved. There will also be a Beach Bums TAAR night on July 16. Friday, August 6, will be the annual TAAR Golf Outing. Dakoske asked that all support the Affiliate members who support the REALTORS®. Quinn‐Becker also announced that the Affiliate Showcase & Brunch will revert back to the name “Strawberries & Toast.”

Member Comment Period: Dewey spoke about communication needs for TAAR and the number of members who have had no closings this year. Stellin spoke once again to the higher cost of TAAR compared to other Associations.

Motion made by Dechow, 2nd by Karas to approve the new members. Motion passed.

Meeting was adjourned at 10:00 a.m.

Meeting Date:

June 25, 2010