September 11, 2019
Upon motion by Jeff Funk, second by Rob Hess, the minutes of the August 14, 2019 Directors’ Meeting were approved.
Richard Boas, Jr. emphasized several updates to Bright MLS, including changes to DOM and CDOM and the fact that listing “drafts” will now be saved for 90 days versus 30. Jeff Sisco reported a concern regarding the juxtapositioning of Manheim Township and Manheim Central School Districts. Staff will address the matter directly with Kurt Miller of Bright MLS.
The Long-Range Planning Steering Committee reported completing its Focus Group sessions. The Task Force has included all the issues raised at these sessions into the Planning Agenda.
Tom Blefko provided a post-Outing update indicating the event raised more than $5,000 for the Lancaster County Public Safety Training Center and TLC. It was requested that the Training Center use the donation to fund scholarships for training participants. It was noted that the Task Force is considering a possible change of venue for the 2020 Golf Outing.
Tom provided an update on both the Communications Committee’s program of work and on the status of the Community Partnership’s ticket sales, donations and sponsorships for the Annual TLC Charity Dinner scheduled for October 10th at Fireside Tavern.
The Directors reviewed membership statistics, and staff presented the applications indicating that they had all been completed in full with everyone applying for an appropriate classification of membership. Upon motion by Mike Julian, second by Jeff Funk, the Directors approved the new members.
The Association’s Treasurer’s Report and Real Estate School Report were reviewed; and upon motion by Doug Foltz, second by Ferne Silberman, they were accepted. Staff recommended a transfer of funds from the Association’s Investment Account to the Operations Account to cover capital expenditures for building/office restorations and upgrades to the Association’s computer network. Upon motion by Greg Bardell, second by Joe Younger, the Directors approved the transfer.
Communications were received from the Appraisal Foundation regarding concerns with the proposed rule raising the residential real estate appraisal threshold, an opinion piece on comments by Zillow’s CEO indicating that Zillow is now “in the business of buying and selling houses and building infrastructure to serve the new business model”, articles on the future of AHPs, emerging technologies, digital appraisals and on-going iBuyer research were reviewed, as well as NAR’s Anti-Trust Lawsuit.
Staff provided a Q&A document offering answers to the Administration’s pending release of proposals to reform the Housing Finance System and conservatorship of Fannie Mae and Freddie Mac.
Staff presented communications from the Bright MLS Board of Directors regarding Bylaws amendments and nominations for its 2020 Board of Directors. It was noted that the Nominations Committee has nominated Jeff Peters for an additional term.
The Bylaws changes will create a three-year staggered Board structure as per Delaware Law and the expanded nominating flexibility. Upon motion by Doug Foltz, second by Christina Diehl, the Directors approved both the appointment of Jeff Peters and the revisions to the Bylaws.
It was noted that the Harrisburg Association of Realtors is recommending enforcement of Bright Rules regarding the requirement of eight classroom hours of Orientation for MLS Participants and Subscribers. The Reading-Berks Association concurs with this recommendation and has raised a question regarding additional Association Executives on the Board of Directors for more effective representation for the Shareholder Association’s various memberships.
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.