The land is fixed and, therefore, the controlled element of nature. The control of land has been of the major concerns of man throughout history. Each Oregon REALTIST recognizes that they are people through whom transfers of ownership and control are made and, therefore diligently prepare themselves to service such transfers with competence and integrity and to protect and promote the best interests of their clients.
Oregon REALTIST have a moral obligation to deal fairly and honestly with all parties to a transaction and to conduct themselves and their business in such a manner as to be a credit to their profession.
To protect the public against unethical, improper, or fraudulent practices by affixing the term or symbol "REALTIST" to advertising matters, stationery, signboards, stock certificates, bonds, mortgages, and other instruments or other material used by or in connection with the real estate business. In addition, educate the public to deal only with those people who have agreed to observe the standards maintained by the Oregon REALTIST.
To this end, Oregon REALTIST accept the Code of Ethics set forth herein and pledge to observe it in all of their business transactions.
The purpose of the National Association of Oregon REALTIST is to enhance the professional and business conditions of NAREB REALTIST members by strengthening the consumer capacity of Black, minority, and emerging target market segments that REALTIST serve. And by promoting the real estate industry in general, utilizing economic, political, legal, and social leverage to remediate disparate and discriminatory housing and property ownership policies and practices prevailing in Oregon and Southwest Washington.
The REALTIST Association will foster the expansion of inter-generational wealth creation by Black households in Oregon and Southwest Washington through promotion and retention of elevating levels of real property ownership investments sustained by NAREB’s enduring commitment to preservation and fulfillment of the REALTIST credo,Democracy in Housing.
A REALTIST is never relieved of the responsibility to observe this Code of Ethics fully.
A REALTIST shall not discriminate against any person because of Race, Color, Religion, Sex, National Origin, Disability, Familial Status, or Sexual Orientation:
In advertising the sale or rental of real property
In the financing of real property
In the provision of professional services
In the sale or rental of real property
A REALTIST shall not be instrumental in establishing, reinforcing, or extending any agreement or provision that restricts or limits the use or occupancy of real property to any person or group of persons on the basis of race, color, religion, sex, national origin, disability, familial status or sexual orientation.
It is the duty of a REALTIST to protect the public against misrepresentations, ethical practices, or fraud in real estate transactions and to offer all properties listed with them solely on merit and without exaggeration, concealment, deception, or misleading information.
Before offering property for sale or rent, a REALTIST shall:
Secure written authorization of the owner of his/her authorized agent.
Furnish a copy of the authorization to each person who signed it.
Fully inform him/her of the pertinent facts concerning the property.
A REALTIST should always offer the property at a price currently set forth in the listing agreement.
To protect the public against unethical, improper, or fraudulent practices by affixing the term or symbol "REALTIST" to advertising matter, stationery, signboards, stock certificates, bonds, mortgages, and other instruments or other material used by or in connection with the real estate business and to educate the general public to deal only with those persons who have agreed to observe the standards maintained by Oregon REALTIST whose members are commonly referred to as REALTIST.
A REALTIST shall not engage in activities that constitute the unauthorized practice of law. They should advise that legal counsel be obtained wherever the interest of any party to the transaction requires it.
The REALTIST shall inform all parties of a transaction of their own position or interest in the transaction and shall not demand or accept a commission from both parties except with their knowledge and consent in writing and signed by all parties.
If the REALTIST has any personal interest in the ownership of property, this shall be disclosed to all parties at the inception of the REALTIST business dealings with the parties.
The REALTIST shall see that all contracts and agreements for the ownership, use, and/or occupancy of real properties shall be in writing and signed by all parties or their lawfully authorized agents.
The REALTIST shall keep in a special escrow account in an appropriate financial institution all monies belonging to others that are placed in trust in their possession. They shall not co-mingle such monies with their own funds.
When a REALTIST has accepted a listing on a property, he/she shall give an honest and comprehensive valuation of its fair market value to the owner.
In all real estate transactions, the REALTIST shall always be fair to all parties to the transaction while promoting the interest of his/her client and maintaining the proper professional relationship.
The REALTIST shall not buy for him/herself property listed with him/her for sale, nor purchase an interest therein, without stating the facts to his/her client in writing prior to such purchase.
The REALTIST, when under contract in the management of property, shall not demand and receive commissions, rebates, and/or profits on expenditures made on behalf of his/her client without that client's prior written authorization.
The written exclusive listing of property should be encouraged by all REALTIST as a means of preventing misunderstandings and assuring the best service to the owner unless this is contrary to the best interest of the owner. The acceptance of such a listing creates the obligation to give skilled and conscientious service in the transactions. When a REALTIST is unable to render such service through his/her own office or with the aid of a fellow REALTIST, he/she should inform all concerned parties and cancel and return such listing.
In all matters of appraisals, the REALTIST should give a written opinion. He/she is therefore entitled to recover a fee for such service from the requesting party, as it is a matter of his/her professional service. The opinion, whether an appraisal or real estate problem, shall be thoroughly considered and without any personal interest in the result of a possible sale or lease. Possible employment should not affect the amount of appraisal or honesty of opinion whose members are commonly referred to as REALTIST.
1.The REALTIST should always be loyal to his/her local REALTIST board and active in its work. The fellowship of his/her associates and the mutual sharing of experiences are always assets to his/her own business.
2.The REALTIST should so conduct his/her business to avoid controversies with his/her fellow REALTIST, who are members of the same local REALTIST board. Any such controversies should be submitted in writing for arbitration in accordance with the regulations of his/her local board and not in action at law. The decision in such arbitration should be accepted as final and binding.
3.Controversies between REALTIST' who are not members of the same local board should be submitted for arbitration to an Arbitration Board consisting of one arbitrator chosen by each REALTIST from the local Board to which he belongs and one other member or a sufficient number of members to make an odd number, selected by the arbitrators thus chosen.
4.All employment arrangements between Employing Principal Broker and Broker should be reduced to writing and signed by both parties. It is particularly important to specify the rights of parties in the event of termination of employment. All listings acquired by the Broker during his/her tenure of employment with the Employing Principal Broker shall be the exclusive property or right of Employing Principal Broker after such termination.
5.A REALTIST should never publicly criticize a fellow REALTIST. He/she shall never express an opinion of a transaction unless expressly requested to do so by one of the principals. His/her opinion then should be rendered in accordance with strict professional courtesy and integrity.
6.A REALTIST shall never seek information about a fellow REALTIST transaction to use for the purpose of closing the transaction himself/herself or diverting the client to another property.
7.When a cooperating REALTIST accepts a listing from another Broker, the agency of the Broker who offers the listing should be recognized until it has expired and the property has come to the attention of the cooperating REALTIST from a different source or until the owner, without solicitation, offers to list with the cooperating REALTIST; furthermore, such listing should not be passed on to a third Broker without the consent of the listing Broker.
8.Negotiations concerning property, which is listed with one REALTIST exclusively, should be carried on with the listing Broker, not with the owner.
9.A REALTIST shall not solicit the services of any employee in the organization of a fellow REALTIST without the express written consent of the employer.
10.A REALTIST shall not place a sign on any property offering it for sale or rent without the written consent of the owner or his/her authorized agent.
11.The local board or affiliates shall hear all complaints involved in their jurisdiction. Any decision made may be appealed through the Regional Vice President to the Board of Directors of the National Association of Real Estate Brokers, Incorporated for final resolution through the grievance and arbitration procedure. All complaints against a member of NAREB, which have not been addressed at the local level by the local board or affiliate organizations, shall be submitted in writing to the Board of Directors. This procedure shall comply with the arbitration provisions as set forth under Robert's Rules of Order.
In the event that a REALTIST is asked to present evidence in any charges of violation of this Code of Ethics or in another disciplinary investigation, he/she shall be accorded an opportunity to present all pertinent information.
ARTICLE I
The name of the organization shall be Oregon REALTIST. Said organization is currently incorporated under the laws of the State of Oregon as Oregon REALTIST.
Oregon Secretary of State Registry Number: 197257794
IRS EIN number: 88-2419201
The Oregon REALTIST shall have one official letterhead, which shall be kept in the custody of the President, Secretary, and Treasurer and shall be used only for official business.
The purposes of the Oregon REALTIST shall be:
Section 1. To unite those engaged in the recognized branches of the real estate industry brokerage, management, mortgage financing, appraising, land development, and home building and affiliated fields in the United States of America for the purpose of exerting a combined influence effectively upon matters affecting real estate interest;
Section 2. To oppose the enactments of laws, ordinances, or agreements which are detrimental to and/or restrictive in the free use or exchange of real estate;
Section 3. To enable its members to transact their business in a professional manner by the adoption of such rules and regulations as they may deem proper;
Section 4. To promote and maintain high standards of conduct in the transaction of the real estate business;
Section 5. To formulate and enforce a code of ethics for all REALTIST members;
Section 6. To discourage and oppose the unlawful and unauthorized practice of real estate;
Section 7. To license its members the right to use the name of the Oregon REALTIST and/or the term or symbol "REALTIST." REALTIST is hereby defined as designating a person engaged in the real estate industry who is a recognized and certified member of the Oregon REALTIST and is subject to its rules and regulations, observes its standards of conduct, and is entitled to its benefits;
Section 8. To protect the public against unethical, improper, or fraudulent practices by affixing the term or symbol "REALTIST" to advertising matter, stationery, signboards, stock certificates, bonds, mortgages, and other instruments or other material used by or in connection with the real estate business and to educate the general public to deal only with those persons who have agreed to observe the standards maintained by the Oregon REALTIST, whose members are commonly referred to as REALTIST.
Broker Members
Allied Affiliate Members
Honorary Members
1. Broker Members shall consist of any real estate broker duly licensed in the State of Oregon.
2. Allied Affiliate Members consist of individuals, associations, organizations, and corporations engaged in business affiliated with the real estate professionals such as Mortgage Bankers, Mortgage Brokers, Appraisers, Inspectors, Title Companies, Builders, Property Managers, Developers, Contractors, Architects, Attorneys, etc. This shall also include marketing and technology experts as their services relate to the promotion of the Oregon REALTIST’ goals and objectives.
3. Honorary Members consist of individuals, associations, or organizations by an act of the Board of Directors of the Oregon REALTIST may be conferred for rendering outstanding service to the local association.
All applications for membership must be approved and accepted by a majority vote of the Board of Directors of the Oregon REALTIST at the next regularly scheduled Board of Directors meeting following the receipt of the membership application.
All approved members must comply with the Constitution, By-Laws, and the Code of Ethics of the Oregon REALTIST.
All qualified members of the Oregon REALTIST shall be entitled to all the rights and privileges accorded to their class of membership, and no rules or regulations shall limit those rights and privileges.
the Right to vote.
the Right to hold office, subject to restrictions in Article 1. VIII, Section 3
the Right to freely participate in discussions.
the Right to serve on committees.
the Right to use the name REALTIST and display the emblem in all advertising.
1. Expulsions and reinstatements of memberships are rendered by a two-thirds vote of the entire Board of Directors.
2. An expelled member forfeits all rights and privileges of membership.
Section 1. The officers of the association shall be President, First Vice President, SecondVice President, Secretary, Assistant Secretary, Treasurer, Sergeant-at-Arms,
Parliamentarian, Chaplain, and a President-Elect every other year. The President-Elect will succeed the President at the expiration of their term.
Section 2. Terms of Office
The President shall serve a term of one (1) year. All other officers other than the President shall serve a term of two years. If any officer is removed or resigns from office prior to the expiration of their term, then the Board of Directors shall fill those vacancies by a majority vote of those present with a quorum.
Section 3. Duties of the Officers
PRESIDENT: The President shall be the chief elected officer of the association and shall preside over all regular and executive committee meetings. The President is directly charged with the execution of this Constitution. The President shall have the authority to appoint an executive committee and all standing and special committees unless otherwise directed by the Board of Directors and shall be or designate an ex-officio of all said committees.
FIRST VICE-PRESIDENT: The First Vice President shall perform all the duties of the President in the event of said absence or disability of the President.
SECOND VICE-PRESIDENT: The Second Vice President shall perform any duties related to Oregon REALTIST' business delegated by the President and sanctioned by the Board of Directors.
SECRETARY:The Secretary shall prepare and keep permanent records of the minutes of all regular and special meetings of the association. The Secretary shall also furnish the President and Chairman of the Board of Directors a true and complete copy of the minutes of said meetings of the association within seven (7) days of such meetings and perform such other duties as are customary to the office.
ASSISTANT SECRETARY: In the absence of the Secretary, the Assistant Secretary shall perform the duties ordinarily performed by the Secretary. Otherwise, the Secretary shall carry out such duties as may be assigned by the President, including processing Association correspondence.
TREASURER: The Treasurer shall receive all monies belonging to the association from all sources and deposit them in a depository designated by the Board of Directors. The Treasurer shall make withdrawals and disbursements by voucher requests. All check disbursements must be signed by the President and Treasurer or Secretary. The Treasurer shall keep a current and complete accounting of all monies of the association. A written report of each month’s financial activities shall be given to the Board of Directors at each regularly scheduled Board meeting and made available to all paid members upon request at the regularly scheduled membership meetings.
SERGEANT-AT-ARMS: The Sergeant-at-Arms shall keep order at all membership meetings and perform all other duties customary to that office, including obtaining the attendance list and validating the membership of those in attendance when it is deemed necessary.
PARLIAMENTARIAN: The Parliamentarian shall rule upon all questions of procedure when called upon to do so by the presiding officer. The opinions of the Parliamentarian shall be supported by Robert's Rules of Order. The Parliamentarian shall rule upon questions of constitutionality upon the same requests. Those opinions shall be supported by the Constitution and By-Laws of the Association and deemed binding unless set aside by a majority vote of the members present.
CHAPLAIN: The Chaplain shall address the assembly of members at all regular meetings and any other special events and gatherings upon the request of the presiding officer with words of encouragement and inspiration in conducting the business of the association.
PRESIDENT-ELECT: The President-Elect shall familiarize him/herself with the activities and duties of the office of the President. The President-Elect shall be an ex-officio member of the Board of Directors and shall have no voting rights on the Board of Directors. The President-Elect shall also be an ex-officio member of the Executive Committee and any other committee with which the President has assigned the President-Elect to participate with and shall have no voting rights in such committees, with the exception of Article VI, Section I. The President-Elect shall have the right to plan, organize and meet with individuals that he/she may desire to serve on his/her future committees. The President-Elect may not negotiate or bind the [Insert Chapter Name] to any agreements, partnerships, sponsorships, or other business with any corporate, non-profit, for-profit, or any other organizations.
Section 1. There shall be an Executive Committee of eight (8) members, including the President, President-Elect, First Vice President, Second Vice President, Secretary, Treasurer, and two (2) Presidential Appointees who are members in good standing (dues paid and holder of a current Oregon real estate license) with the Oregon REALTIST.
Section 2. The purpose of the Executive Committee is to deliberate on the business of the Oregon REALTIST to make concise recommendations to the Board of Directors for ratification.
Section 3. The Executive Committee shall have the powers of the Board of Directors to transact and manage routine affairs of the association in accordance with the policies and instructions of the Board of Directors. The Committee may also transact the business of any emergency nature between Board Meetings. All transactions of this nature shall be reported and ratified at the next regularly scheduled meeting of the Board of Directors.
Section 1. The Board of Directors shall consist of five (5) at-large members, elected each year for a one (1) year term after the initial chartering year. To meet chartering requirements, the Executive Committee will vote on the five at-large members. The President, First Vice President, Second Vice President, Secretary, Assistant Secretary, Treasurer, Parliamentarian, and Sergeant at Arms shall be members of the Board of Directors by virtue of office and shall have voting rights. The Presidents of any local NAREB Affiliate organizations shall also be members of the Board of Directors with voting rights. The immediate Past President shall become a member of the Board of Directors automatically for a one-year term with voting rights. The President-Elect will also be a member of the Board of Directors with no voting rights unless they are currently serving as an elected member of the Board of Directors.
Section 2. Eight (8) Board of Director members present constitute a quorum.
Section 3. The Chairman of the Board shall be elected by the Board of Directors at the first meeting following the installation of officers and directors.
Section 1. The Board of Directors shall be a self-organizing body that transacts the general business of the association during the interim between regular membership meetings.
Section 2. As the Governing body of the association, the Board of Directors shall have the duties to:
Establish major administrative policies governing the affairs of the association; devise and implement effective measures for the association's viable development and growth.
Elect interim Board members to fill vacancies of Directors-at-large or to leave such vacancies unfilled pending the next general election.
Review and make recommendations to the association on decisions of all the committees.
Hold hearings on charges brought against an officer, director, or member of the association and make recommendations to the association for further action, including the expulsions of members.
Have general supervision of all records and property of the association.
Approve or disapprove the recommendations of the President.
Authorize annual audits of the financial records of the association.
Set the general policies of the association in accordance with the Constitution and By-Laws and adopted resolutions as deemed necessary by a two-thirds vote of the Board of Directors.
Attend a majority of the regular monthly meetings to maintain the elected office for Board members at large.
Submit resignations in writing to the Chairman of the Board.
Seek the opinions and advice of Legal Counsel when deemed necessary.
May appoint an Executive Director and define their duties and compensation commensurate with the requisite qualifications as assessed by competent personnel and the management system's expertise.
Section 1. There shall be a President's Council composed of all former Oregon REALTIST Presidents that continue to be
active.
Section 2. The Presidents Council shall convene at the discretion of the Board of Directors.
Section 3. The President's Council shall act in an advisory capacity to the officers and board of directors and may meet and deliberate with the officers and board of directors but shall not have voting rights.
Section 1. The association shall elect its officers and those members of the Board of Directors whose terms have expired at the regular business meeting in December.
Section 2. The President shall appoint a member to preside over the election process. Said appointee shall determine the method of tallying the vote as deemed necessary.
Section 3. THE NOMINATING COMMITTEE
The Nominating Committee, consisting of five (5) members, shall be named as follows:
At the regular meeting in October, the Board of Directors shall elect one of its members not seeking an office to serve on the Nominating Committee as the chair.
Section 4. NOMINATING AND ELECTION PROCESS
The Secretary shall provide to the Nominating Committee a list of all paid members upon the formation of the Nominating Committee.
The Nominating Committee shall conduct interviews of those parties seeking an office or directorship during their deliberations.
The Nominating Committee shall propose one nominee for each elective office and one nominee for each vacancy to be filled on the Board of Directors.
The slate of Officers and Directors proposed by the Nominating Committee shall be presented to the membership in writing 15 days prior to the elections.
Nominations from the floor shall be accepted from paid members.
Each paid member present at the elections shall have one vote unless a proxy vote has been submitted prior to the elections or it has been determined by a quorum in advance that there will be "No Proxy Vote."
Special elections may be held to fill vacancies of office in the same manner as regular elections, with the exception of a Nominating Committee.
Section 1. The association shall hold a regular business meeting on the second Tuesday of each month at such a place designated by the Board of Directors.
Section 2. At this meeting, all matters pertaining to the business of the association shall be presented to the membership by qualified members of the association, except those granted special permission by the President and/or Board of Directors.
Section 3. Eight (8) members present shall constitute a Quorum.
Section 4. A special meeting of the association may be called by the President at any time a meeting is deemed necessary to transact Association business. The purpose of the said meeting must be stated, and no other business will be transacted at such a meeting.
Section 5. The Board of Directors may call a special meeting of the association when deemed necessary. The purpose of the meeting must be stated in the call. At least three (3) Directors must be present in the meeting.
Section 1. The President shall appoint Standing Committees to serve one year or until their successors are appointed and ratified by the Board of Directors. The President may also appoint a chairperson for each committee. They include all or any combination of the following as deemed necessary by the President and/or the Board of Directors:
Events - Internal and Community Events
Finance/ Membership Management- Accounting
Communications- Internal and External, Marketing, Social Media
Community Involvement- Networking with Industry Partners and Community at large
Fundraising - Talks to potential sponsors about support, acquire items for auction at the annual Installation Gala
Section 2. The President may appoint any special committee deemed necessary to conduct the business interest of the association.
Section 3. All committees shall be comprised of at least three (3) members, including a Chairperson, Co-Chairperson, and a Secretary.
This Constitution may be amended at the annual meeting by a two-thirds favourable vote of those paid members present and voting.
FISCAL YEAR:
The fiscal year of the Oregon REALTIST shall be from January 1stto December 31St, both dates inclusive.
GIFTS AND BEQUESTS:
1. The Oregon REALTIST may receive gifts and bequests, which shall be administered at the discretion of the Board of Directors.
2. Gifts and bequests made to the Oregon REALTIST for specific purposes must be approved by the Board of Directors prior to acceptance thereof, and in case of acceptance, may be used only for the purposes and in the manner specified by the donor.
FINANCES:
1. All funds of the Oregon REALTIST shall be deposited as soon as reasonably possible in such depositories as designated by the Board of Directors.
2. Funds must be withdrawn only by voucher request from the proper authority designated by the Board of Directors.
3. All check disbursements must be signed by two parties, including the President, Treasurer, or Secretary.
4. The disbursements of operating expenses are at the discretion of the President, pending operating budget approval of the Board of Directors. The President may also authorize payment of any individual expense not to exceed $200.00.
5. Expenditures for special events, activities, and anything other than normal operating expenses must be ratified by the Board of Directors.
6. Members who seek to be compensated for services rendered to the organization must receive prior board of directors' approval before performing such services.
MEETINGS:
The most current edition available of ROBERT'S RULES OF ORDER shall be recognized as the authority governing meetings of the Oregon REALTIST and its committees when the same is not in conflict with this Constitution and By-Laws.
The order of business shall be as follows:
Call to Order
Invocation/Inspiration
Roll Call
Presentation of the Minutes by the Secretary
Treasurer's Report
Officer's Reports
Committee Reports
Applications for Membership
Old and Unfinished Business
New Business
Good and Welfare
Election of Officers (at the December meeting)
DUES:
1. The dues for each class of memberships are as follows:
Broker Members - $150.00
Allied Affiliate Members - $125.00
Honorary Members - None
2. These dues shall include membership in the Oregon REALTIST and the National Association of Real Estate Brokers, Inc.
3. The annual dues shall be due and payable on January 1st of each calendar year and are
late after March 31st of each calendar year. A late fee may be assessed at the discretion of the Board of Directors.
4. Any member who has not paid their dues by the regular general business meeting in
January may forfeit their rights to:
A. Hold an office.
B. Serve as a member of the board of directors.
C. Serve on any committee.
5. Any member who has not paid their dues shall forfeit all rights and privileges of membership.
6. All dues and applicable late fees must be paid in full by the regular business meeting in June. Dues received after that date forfeit their membership in the Oregon REALTIST and the National Association of Real Estate Brokers for that calendar year.
7. The annual dues of the Oregon REALTIST may be increased or decreased based on the recommendation of the Board of Directors and a majority vote of the membership at a regular general business meeting.
8. Honorary memberships are at the discretion of the Board of Directors and approved on an annual basis.
ANNUAL GALA:
Oregon REALTIST shall hold an annual installation banquet in the month of January for the primary purpose of installing the new Officers and Directors, amending the Constitution, reviewing progress, reviewing goals, presenting an official financial report, and any other activities designated by the Board of Directors.
President: Tony Kelly
President-Elect: Maabi Munoz
1st Vice President: Christina John
2nd Vice President: Debra Neal
Secretary: Nina Stafford
Assistant Secretary: Michelle Hutton
Treasurer: Brikky King
Parliamentarian: Alex Phan
Sergeant at Arms: LaTasha Beal
President: Tony Kelly
President-Elect: Maabi Munoz
1st Vice President: Christina John
2nd Vice President: Debra Neal
Secretary: Nina Stafford
Treasurer: Brikky King
Presidential Appointee: LaTasha Beal
Presidential Appointee: Michelle Hutton
President: Tony Kelly
President-Elect: Maabi Munoz
1st Vice President: Christina John
2nd Vice President: Debra Neal
Secretary: Nina Stafford
Assistant Secretary: Michelle Hutton
Treasurer: Brikky King
Parliamentarian: Alex Phan
Sergeant at Arms: LaTasha Beal
At Large: Vacant
At Large: Jason Pittman
At Large: Ray Davis
At Large: Qualen Carter