Minutes in Brief
Summary of June 12th Directors’ Meeting
Upon motion by Lynn Zimmerman, second by Sharon Kress, the minutes of the June 14, 2017 Directors’ Meeting were approved.
Staff updated the Directors on Keystone’s conversion to Bright MLS, indicating that the data merger scheduled for mid-September has been pushed back to mid-October with a tentative conversion date on October 23, 2017.
Sharon Kress and Tom Blefko informed the Directors of the conclusion of the first required Biennial Training Program, indicating that all but 18 members had completed the training by the June 30th deadline. The Task Force agreed to hold one last “grace period” training session on August 25, 2017 at 8:30 a.m. at LCAR.
A letter will be sent to each member not in compliance, indicating that they must attend the August 25th session to avoid termination of their membership. If they fail to do so, these individuals will have to complete the first available program at a cost of $100, file a new application and pay the then-current reactivation fee.
The Task Force plans to send a survey to both Owners/Managers and Members asking for their feedback on the program’s benefits and soliciting input for modifications and additional topics. The survey will be short with four to five questions and a rating system.
The Task Force also discussed the Code of Conduct, noting that the Code does need some “updating” to reflect today’s technology and the “realities” of the current real estate market. Tom Blefko has drafted some revisions and will forward them to staff for review by the Task Force.
Ferne Silberman reported that the Financial Policy Committee met with Michael Ball, Institutional Client Advisor with PNC Institutional Investments, who reviewed the Association’s Portfolio. He discussed both the current portfolio “mix” and investment strategies. After a brief discussion the Committee decided not to recommend any changes at this time.
Richard Boas reported that the Newsletter Committee met but required no action.
The Directors reviewed membership statistics and staff presented the new member applications, indicating they have all been completed in full with each individual applying for an appropriate classification of membership. Upon motion by Tom Blefko, second by Ferne Silberman, the Directors approved the new members.
The Association’s Treasurer’s Report, as well as the MLS and Real Estate School Reports and the year-end Financial Statement dated December 31, 2016, were reviewed, and upon motion by Lynn Zimmerman, second by Brian Davison, were accepted.
The Directors reviewed communications from NAR’s RelatorMag, noting the change in NAR leadership with Bob Goldberg as the new CEO effective August 2017. An article from RISMedia regarding pending home sales from April to May, as well as Sales and ShowingTime statistics through June were also reviewed.
Staff informed the Directors of the possibility of a “sponsored” Realtor Night at a Lancaster Barnstormer’s game. With no objections, the Directors authorized staff to check into the details for this event.
The Directors discussed procedures for listing “Coming Soon” properties in light of PAR’s recent article regarding this practice.
There being no further business, the meeting was adjourned.
NOTE: These minutes have not yet been approved by the LCAR Directors; corrections will follow, if necessary.