Minutes 2009 EXECUTIVE COMMITTEE CCIM …Minutes 2009 EXECUTIVE COMMITTEE CCIM Institute Hilton...

Minutes 2009 EXECUTIVE COMMITTEE

CCIM Institute Hilton Chicago, Chicago, IL

Thursday, October 16

2009 Executive Committee Charles A. “Mac” McClure, CCIM, 2009 Institute President Richard Juge, CCIM, 2009 President‐Elect Tim Hatlestad, CCIM, Immediate Past President Charles C. “Chuck” Connely, CCIM, 2009 Treasurer Craig Blorstad, CCIM, Treasurer‐Elect (non‐voting) Roger Broderick, CCIM Wayne D’Amico, CCIM Skip Duemeland, CCIM Karl Landreneau, CCIM, Presidential Liaison (non‐voting) Joe Larkin, CCIM, Presidential Liaison (non‐voting) Steve Price, CCIM, NAR Representative/voting member Bob Rosenberg, CCIM Frank Simpson, CCIM Barry Spizer, CCIM Rhonda West, CCIM, Presidential Liaison/voting member Guests Barbara Bushnell, CCIM Bruce Baker, CCIM

John Beard, CCIM Brent Case, CCIM Diann Cowling, CCIM Art Cox Phil Crane, CCIM Mark Cypert, CCIM John Daniel, CCIM Colin Fox, CCIM Barbara Hokel, CCIM Alex Johnson, CCIM Leil Koch, CCIM Todd Kuhlmann, CCIM Charlie Mack, CCIM Bill Milliken, CCIM Barbara Monahan, CCIM Steve Moriera, CCIM Phil Nesrallah, CCIM Tom Nordstrom, CCIM Doug Sawyer, CCIM Douglas Scott, CCIM Don Sebastian, CCIM Cynthia Shelton, CCIM Dewey Struble, CCIM Michael Tseng, CCIM David Verwer, CCIM Bob Ward, CCIM Gerrie Watson, CCIM Lani Jo Weaver, CCIM Butch West, CCIM Dave Wilson, CCIM

Staff Jonathan Salk, CEO Jesse Binnall, CPP‐T, PRP, Parliamentarian Chuck Achilles Edward Bury Gail Collins Terry Cunningham Carey Farley Karen Gilley Diann Harris Matt Hellmuth Dennis LaMantia Colleen Loeffler Phonwiang Kelly McGunnigal Dave Miller Teresa O’Malley Luke Ortmann Jason Potkanski Kathryn Rund Ken Setlak RJ Sirois Steve Stern Raven Taylor Jim Van Dellen Aida Wahmann Mat Williams Vijay Yadlapati

CALL TO ORDER Executive Committee Chairman Charles “Mac” McClure, CCIM, called the meeting to order at 7:08 a.m. McClure reminded the committee members of the Conflict of Interest Policy. A MOTION was duly made and seconded by the Executive Committee to accept the July 2008 and September 2008 CCIM Executive Committee meeting minutes with the following changes to September 10, 2008 regarding CCIM Partners Transition to CCIM Networking Budget Change as indicated below in bold.

DRAFT October 2008 Executive Committee Minutes

of 21 12/11/2008

iii. Under Technology Item number 6 ‐ delete the line REI Wise Listing Platform in conjunction with the STDB Project. Also, within the Budget Details section under the technology offerings section, remove the following wording “REI Wise Listing Platform in conjunction with STDB”. ‐$50,000 from under the $100,000 Technology Offerings. Total funds for the technology offerings portion of the budget will remain at $100,000.

The motion was PASSED. LINE COMMITTEE REPORTS Designation Committee Barbara Monahan, CCIM, Vice Chair of the Designation Committee, gave the following report. Informational Items: 1. To approve the following CCIM’s for Inactive status:

• Rebecca Grace Bekhore, CCIM • Will Brown, CCIM • Robin Gabriel, CCIM • Mark Millburn, CCIM • Richard Schultz, CCIM

2. To approve the following CCIM’s for retired status: • F.B. Ted Bywater, CCIM • Ralph Schumnde, CCIM

3. To approve the New Membership Categories Work Group report. 4. To recommend that the existing Designation/Logo Misuse Task Force remain in existence to review

and recommend guidelines for proper CCIM logo merchandise use. Recommendations: A MOTION was duly made and seconded to approve the 112 new designees that successfully completed the comprehensive examination in Chicago, Illinois on August 27‐28, 2008. The motion PASSED. A MOTION was duly made and seconded to approve the 402 exam candidates on October 16, 2008 and the retake on October 17, 2008, contingent on the candidates passing the comprehensive examination. The motion PASSED. A MOTION was duly made and seconded to approve Life Member Status for the following applicants:

• Dayle Baldauf, CCIM • William T. McClendon, CCIM • John W. Welsh, CCIM • Robert L. Weisbrodt, CCIM

The motion PASSED.


of 21 12/11/2008

A MOTION was duly made and seconded to approve the Designation Handbook changes. The motion PASSED. A MOTION was duly made and seconded to recommend the amended Designation/Logo Misuse Task Force report, which contains a new bylaw and additions to the Policy and Procedures Manual as follows:

1. Bylaws Change:

13. 2 16.3 “CRIMINAL AND OTHER UNLAWFUL ACTIVITY…” Will now read: “CRIMINAL AND OTHER INAPPROPRIATE UNLAWFUL ACTIVITIESY…”

Article 13.2.4 16.4 ‐ A member may be terminated or suspended for inappropriate use of the CCIM trademark, designation and logo.

2. Policy and Procedures and Designation Handbook.

a. Recommend approval on proposed definition for Inappropriate designation/logo misuse by an Institute candidate:

"Inappropriate use is when a person refers to themselves as a CCIM Designee and/or uses the CCIM Logo on communication or marketing, whether it is verbal, written or electronic or for personal business prior to passing the CCIM Comprehensive Exam and/or payment of annual dues to the CCIM Institute and being certified by the CCIM Institute. Inappropriate use is also those who use the Logo in their company or personal business and are not CCIM designees because of non‐payment of dues or failure to pass the comprehensive exam. b. Recommend approval on proposed Institute Designee Policies and Procedures Manual:

The CCIM Designation and Logo are registered trademarks of the National Association of Realtors® licensed to the CCIM Institute for their exclusive use, subject to the Institute’s Bylaws and Policies and Procedures as they exist and may be changed or modified by the Board of Directors. Upon receiving the CCIM Designation a Designee and/or “Member” has the right to use and identify themselves as a “CCIM” and partake of the member services provided by the Institute, so long as they remain a “Member in Good Standing” in accordance with the Policies and Procedures as established by the Institute and the Board of Directors, including being current in payment of all financial obligations to the Institute. The Institute congratulates members on the extensive process required to obtain their CCIM Designation and will reasonably work with every Designee to assist in maintaining their active status. Membership in a local CCIM Chapter does not in any way provide any additional rights or opportunities to use the CCIM Logo or Trademark to any individual that is not an active Designee “Member in good standing” of the Institute. In the event a Designee voluntarily or involuntarily is no longer a


of 21 12/11/2008

“Member in good standing” of the Institute, they must immediately cease from the following:

• Use and access to member services provided by the Institute such as STDB, CCIMNet, Mail Bridge, Networking Programs, etc

• May no longer use the CCIM logo or identify themselves as a CCIM in any public or private manner such as: • Business cards • Corporate letterheads • Display advertisements • Electronic communications (web sites, email, portals, etc) • Client proposals • Internal or external communications • Personal resumes

In the event any former Designee continues to use the CCIM Logo and/or Trademark for which they are no longer entitled, the Institute may exercise some or all of the following actions:

• Submit a “Cease & Desist” letter • Refer former Member’s violation to the Professional Standards and Grievance

Committee of the Local and/or State Realtor® Association for a possible Code of Ethics violation

• Refer violation to former Member’s state licensing authority for possible violation of respective State’s Licensing laws and rules

• Initiate a legal action in Court of Competent Jurisdiction for possible Trademark infringement and judgment.

The individual, company or organization shall cease and desist using the CCIM logo or letters upon notice by the CCIM Institute. Further, the Institute reserves the right to initiate a lawsuit to enforce these provisions The CCIM Institute will notify State and Local Real Estate Boards concerning a licensee violation of the CCIM Logo by a Student, Candidate or Designee of the CCIM Institute.

3. Change Policy and Procedure 1.94.3. for candidacy references which states:

That Candidates may only refer to themselves as "candidate members of the Commercial Investment Real Estate Institute, pursuing the CCIM Designation" in a resume presented to a prospective employer. All other representations of candidacy status are prohibited and subject to disciplinary action, including termination.

An amendment was duly made and seconded to refer to Designation Committee for further study. The amendment DID NOT PASS. The motion PASSED.


of 21 12/11/2008

The Executive Committee suggested a thorough review of the Institute Policies and Procedures for clarity. Body of Knowledge Committee Doug Sawyer, CCIM, Chair of the Body of Knowledge Committee, gave the report. Informational Items:

• The Body of Knowledge Committee has agreed to prepare a report addressing how to implement new course content with international offerings.

Recommendations: A MOTION was duly made and seconded that effective January 1, 2010, the redesigned equivalents of CI‐101 and CI‐102 must be taken in sequence and prior to enrollment in the upper level courses (the CI‐103 and CI‐104 equivalents). The motion PASSED. A MOTION was duly made and seconded to require U.S. students to complete a fifth designation course covering negotiation skills that:

o Will be offered as an online course as well as an instructor‐led one‐day course. o Must be completed prior to enrolling in the upper level courses (CI 103 and CI 104 equivalents). o Applies to those candidates declaring their candidacy after January 1, 2010. o Can be met by the two‐day Ward Center negotiations course provided students pass an online

test to assess their mastery of negotiations concepts. The motion was referred to the Body of Knowledge Committee and Designation Committee for further study. A MOTION was duly made and seconded that those candidates who declare candidacy prior to January 1, 2010 will be “grandfathered” in under the designation requirements as they currently exist. Under this policy, these candidates must complete their requirements by January 1, 2011. The motion PASSED. A MOTION was duly made and seconded that the redesigned core course curriculum (13 core credits) as listed below shall satisfy all educational requirements for the designation. Financial Analysis (CI 101) Market Analysis (CI 102) Negotiations Skills (this new course may be taken at any time prior to the two upper level courses) User Decision Analysis (CI 103) Investment Analysis (CI 104) The Body of Knowledge Committee acknowledges that the Designation Committee may continue the


of 21 12/11/2008

elective credit requirement. However, elective credits would not be necessary to satisfy the educational requirements of the designation. The motion was referred to the Body of Knowledge Committee and Designation Committee for further study. A MOTION was duly made and seconded that effective January 1, 2011, designation core course credit only extends to the last major update of each course as noted below: For CI 101: Courses taken prior to 1992 no longer qualify towards the designation. For CI 102: Courses taken prior to 1999 no longer qualify towards the designation. For CI 103: Courses taken prior to 2000 no longer qualify towards the designation. For CI 104: Courses taken prior to 1999 no longer qualify towards the designation. Notice will be given to candidates who have core course credit for courses taken earlier than the dates listed above. They will have until January 1, 2011 to complete the remainder of their designation requirements under the “grandfather” policy. The motion PASSED. The Executive Committee made the following motion: A MOTION was duly made and seconded to modify the new language for the Designation Handbook that was approved September 9, 2008 with the following changes indicated below in bold: “Institute Candidates become a CCIM Designee upon approval of the Portfolio of Qualifying Experience and subsequently passing the CCIM Comprehensive Exam. A Candidate who has used the CCIM Logo or refers to themselves as a CCIM or a member of the CCIM Institute prior to becoming a Designee, shall have the CCIM Designation, lapel pin, and all CCIM Resources withheld for a period not less than six months after passing the Comp Exam. This decision will be made by the current Designation Chair and the immediate past chair and vice‐chair of the Designation Committee” The motion PASSED. Education Committee Phil Crane, CCIM, Chair of the Education Committee, gave the report. Recommendations: A MOTION was duly made and seconded to approve the Governance and Operational Guidelines for the Robert L. Ward Center for Real Estate Studies. The motion PASSED. The following member abstained from voting: Bob Rosenberg, CCIM. The Executive Committee made the following motion: A MOTION was duly made and seconded for the Executive Committee to have access to all committee Blackboard pages.


of 21 12/11/2008

An Amendment was duly made and seconded that any policy or operating guidelines should be posted on the Executive blackboard page before meetings. The motion DID NOT PASS.

The Executive Committee recommended CCIM Institute staff post to Blackboard all policy or operating guideline documents and information with sufficient lead time before meetings. A MOTION was duly made and seconded to approve the following policy items from Faculty Sub‐Committee:

‐ To approve the status change for the following instructors: • Laurens Nicholson, CCIM, Workshop Leader to Junior in CI 101 • Cheri Thomas, CCIM, Workshop Leader to Junior in CI 101 • Bill Overman, CCIM, Junior to Senior in CI 101 • Dennis Hearst, CCIM, Junior to Senior in CI 101 • Daniel Boardman, CCIM, Junior to Senior in CI 101 • Chuck Wiercinski, CCIM, Junior to Senior in CI 101 • Baron McMillen, CCIM, Junior to Senior in CI 101 • Jim Baker, CCIM, Junior to Senior in CI 104 • Joe Larkin, CCIM, JR to SR in CI 104

‐ To recommend that the practitioner section of the Instructor Activities Report be revised to further clarify an instructor’s participation in the real estate business.

‐ To recommend that instructors wanting to teach CI 103 or CI 104 become seniors in CI 101 first. ‐ To recommend that the Faculty Sub‐Committee further clarify the conflict of interest policy as it

pertains to instructors teaching outside courses that may be in direct competition with CCIM offered courses.

‐ The formation of a Task Force to research potential conflicts of interest regarding material taught by CCIM instructors outside of Institute deliveries. This report will be delivered at the April 2009 business meetings.

‐ To allow international instructors wanting to teach a one instructor course in their own country to consider the course a domestic offering and therefore be allowed to follow the U.S.’s policy on one‐instructor course offerings.

‐ To allow a senior instructor that has given up a course in order to teach a different course permission to teach the course they gave up internationally. (Essentially certifying that instructor to teach 3 core courses internationally).

‐ To approve a second one‐year leave of absence for Adrian Arriaga, CCIM. ‐ To approve a one‐year leave of absence for Ryan Lorey, CCIM. ‐ To approve a one‐year leave of absence for Bill Throne, CCIM. ‐ To accept the resignation of John Breitinger, CCIM, from the faculty with regrets.

The motion PASSED. The following member abstained from voting: Tim Hatlestad, CCIM. A MOTION was duly made and seconded that the following universities be approved for the Graduate/Fast Track Partner Level:

• University of Alabama


of 21 12/11/2008

• Clemson University • Florida International University • Georgetown University

And that the following universities be approved as an Alliance Partner (no fast track for students):

• Arizona State University • University of Northern Iowa • Rice University • Villanova University

The motion PASSED. A MOTION was duly made and seconded to approve the University Alliance Program New Business Plan given amendments noted below: FUTURE ACTION ITEMS AND FUNDS NEEDED: $28,500 • Funds for on the ground site visits to review three current University Alliance Partners annually

($1500) • American Real Estate Society (ARES) – membership fees for an increased visibility for the CCIM

Institute in this University academic organization ($3000). • CCIM representation at the ARES Events ($2000) (Currently in other budget line item). • Promotion and sponsorship of the program to the students and faculty at the alliance partners and

potential partners ($10,000). • Symposium event with the University faculty contact and the CCIM Institute ($10,000). • Brochures and collateral materials for promotion ($2000). *NOTE – Plan amended to state that the University Alliance Work Group report to the Body of Knowledge Committee instead of the Education Committee. Also, to remove the following three bullet items regarding the policy for University Alliance professors: University Alliance Professors: • Same individuals are encouraged to become a CCIM and in turn, consider application for the full

CCIM instructor process. • Same individuals are invited to attend the annual CCIM Instructor Training Seminar at their own

travel expense with onsite costs on a complimentary basis. (Covered within University Alliance Budget).

• The Instructor Seminar will include an education symposium for instructors and professors. The motion PASSED. A MOTION was duly made and seconded that the Board of Directors remove line item 4 of the potential FY 2009 budget reductions listed below, after recognizing the marketing value delivered at conference events.

Line Item #4 ($17,550) – Increase custom education fees to equal teaching fee expense (make revenue neutral).


of 21 12/11/2008

The motion PASSED. A MOTION was duly made and seconded that the Board of Directors not raise the royalty fee by $50 for international deliveries, but instead give staff the discretion to raise royalty as market conditions dictate on a country‐by‐country basis. (Concerning Line Item #11 listed below). Line Item #11 ($67,750) – Raise international royalty by $50 (1,355 Students) The motion DID NOT PASS. The Executive Committee made the following motion: A MOTION was duly made and seconded that after honoring any existing contracts, to suspend teaching international courses in coordination with subsidized royalties for the calendar year of 2009 and have the Education Committee develop an economically viable model for the CCIM Institute and Instructors. A MOTION was duly made and seconded to suspend the rules of the meeting to allow members with a conflict of interest to speak to the issue of the international courses. The motion PASSED.

The motion DID NOT PASS. The following members abstained from voting: Tim Hatlestad, CCIM, Richard Juge, CCIM, and Steve Price, CCIM, A MOTION was duly made and seconded that the Board of Directors does not suspend its policy regarding an automatic 3.5% annual salary increase in 2009 (4 voting members approved not changing policy; remaining instructors on committee abstained)(Concerning Line Item #17 listed below) Line Item #17 ($50,000) – Freeze Instructor Teaching Fee Increase for FY 2009 The motion DID NOT PASS. The following members abstained from voting: Tim Hatlestad, CCIM, Richard Juge, CCIM, and Steve Price, CCIM A MOTION was duly made and seconded to accept the New Business Plan for providing supplementary compensation for travel to teach international courses:

o $1,000 for each instructor who signs up to teach a course outside US, Canada and Mexico. o Budget and Executive Committee recommended a maximum of $80,000.

The motion PASSED. The following members abstained from voting: Tim Hatlestad, CCIM, Richard Juge, CCIM, and Steve Price, CCIM. Faculty Sub‐Committee Tom Nordstrom, CCIM, Chair of the Faculty Sub‐Committee, gave the report. Informational Items:


of 21 12/11/2008

1. There was a discussion on liaison responsibilities and the fact that staff need to contact liaisons prior to the meetings to send them the promotion criteria information and ratings sheets for their reports.

2. A task force was formed to study the possibilities of the conflict of interest policy in regards to instructors teaching outside courses that may be in direct competition with CCIM offered courses.

3. There was a discussion as to when the Sub‐Committee began allowing instructors to “apply” for promotion whereas in the past the Human Resources Work Group reviewed those that were eligible and then made recommendations for promotion. The Sub‐Committee should consider reverting back to this process.

4. The Sub‐Committee tabled the following discussions until the Spring 2009 meeting: a. Enabling the management team to make independent decisions on one/two

international instructor offerings when necessary with the assistance from staff. b. Subsidizing instructor expenses, when necessary, as an incentive to travel for

international courses. c. Recruiting and training in‐country faculty to recruit new faculty members in their

respective country with the assistance of the Institute. 5. Recommended that the practitioner section of the Instructor Activities Report be revised to

further clarify an instructor’s participation in the real estate business. 6. To recommend that the Faculty Sub‐Committee further clarify the conflict of interest policy as it

pertains to instructors teaching outside courses that may be in direct competition with CCIM offered courses. (Cliff Bogart, CCIM, Bruce Harvey, CCIM, Joe Larkin, CCIM, and Bill Moss, CCIM abstained from voting).

Recommendations: A MOTION was duly made and seconded to recommend that the CCIM Institute pay a Workshop Leader a fee of $2500 for third instructor licensed delivery assignments. The motion PASSED. Cultural Diversity Advisory Board Alex Johnson, CCIM, Chair of the Cultural Diversity Advisory Board, gave the report. The report contains only informational items. Informational Items: 1. The advisory board accepted the following 2009 Initiatives:

• To increase minority awareness of CCIM through partnerships with minority colleges. o Goal: Initiate activities with at least two minority colleges or universities.

• To increase minority awareness of CCIM through corporate sponsorships. o Goal: Receive at least two corporate sponsorships for CDEP.

• To increase the CDEP Statistics. o Goal: Increase CDEP Program Members by 10%. o Goal: Increase CDEP Students by 10%.

• To increase minority networking within the Institute to increase CDEP awareness and fellowship.

o Goal: Plan a minority reception at all business meetings.


of 21 12/11/2008

o Goal: Plan at least two minority networking events in a local market. 2. The advisory board created the following task forces:

• Minority Colleges • Corporate Scholarships • CDEP Statistics/Performance Measures • Institute/Chapter Networking and Involvement

International Activities Committee Colin Fox, CCIM, Chair of the International Activities Committee, gave the report. The report contained only informational items. Informational Items: 1. To create a joint task force with the International Operations Advisory Board and the International

Activities Committee to review the composition and responsibilities of each group and make recommendations by December 31, 2008.

2. To contribute an article to CIRE magazine on international real estate. 3. To appoint task forces to follow up on committee goals and objectives. 4. To explore the possibility of creating a course for members on how to use the CCIM designation to

benefit in the international real estate market. Networking Advisory Board Butch West, CCIM, Chair of the Networking Advisory Board, gave the report. Informational Items: 1. The Networking Advisory Board reviewed and approved the performance measures for 2009 to be

included in the CCIM Networking Budget Change for 2009. 2. The Networking Advisory Board approved the preliminary program for the 2009 Specialty

Networking Events. The program will continue to include the Industry Keynote Lunch, the Property Marketing Session, STDB Update, the Chapter Networking Event, and a three‐hour Robert L. Ward Center Course. New for 2009, a portion of the program will be assigned to the host chapters to provide local industry experts. In addition, the Industry Keynote Lunch and the Chapter Networking Program will remain open to non‐members of the Institute for recruiting purposes.

3. The Networking Advisory Board will partner with the Institute’s Chapter Activities Committee to enhance CCIM chapters’ local networking program. Butch West, CCIM, Networking Advisory Board Chair, will work directly with staff and the committee on this effort.

4. The Networking Advisory Board determined and approved the following guideline for the joint chapter/region networking program: To allow for the 12 regions to submit an application for a new networking event in 2009 for consideration prior to the chapters. Regional applications will be due by the beginning of February and then chapters will submit applications by March 31st 2009 to be considered.

Recommendations: A MOTION was duly made and seconded to approve the CCIM Partners transition to the CCIM Networking budget change for 2009 with the following revisions and additions based on the September Executive Committee Meeting:


of 21 12/11/2008

• Included the Robert L. Ward Center courses under the Joint Networking Program with

Chapters/Regions. • Revised technology item number 6 and deleted the line “REI Wise Listing Platform in conjunction

with the STDB project”. Also, within the Budget Details section under the technology offerings section, removed the following wording “REI Wise Listing Platform in conjunction with STDB”. Total funds for the technology offerings portion of the budget will remain at $100,000. The remaining $50,000 in the technology offerings budget will now be allocated to 12 podcasts in conjunction with the Networking Events and 2 webcasts also in conjunction with the networking events.

• Added the following performance measures for 2009: A. Specialty Networking Events ‐ Three Events

• 600 Total Attendees • 360 Designees • 180 Candidates

• Total Registration Revenue: $114,300 • Designee Registration: $195 ‐ $70,200 • Candidate Registration: $245 ‐ $44,100

• Local/Regional Attendees vs. National Attendees • 10% of attendees (54 attendees) from out‐of‐state • Minimum of 10 different states

• National Sponsors – (3) • Three sponsors ‐ $5,000 per sponsor/$15,000 per event • Total Revenue ‐ $45,000

• Deal‐Making Property Submissions ‐ 180 total Submissions (based on a two hour session) 60 property submissions per event and/or a minimum of $200 million in sales.

• Event Evaluations • 75% of attendees rate the overall conference good or excellent

B. Joint Networking Program with Chapters/Regions • Support 20 chapter/region networking events ‐ $2,500 per event –

Minimum of 25 attendees per event. • Support networking events/receptions in conjunction with Robert L. Ward

courses in 10‐15 markets. • Roll‐out the joint networking program to chapters/regions by December

2008. C. New York Metro CCIM Chapter Networking/Deal‐Making Event

• 100 Total Attendees • 50 Designees • 35 Candidates

• Total Registration Revenue: $26,075 • Designee Registration: $245 ‐ $12,250 • Candidate Registration: $295 ‐ $13,825 *Additional revenue support of $10,000 for a revenue total of $36,075

D. Tradeshows & Industry Events


of 21 12/11/2008

• Increase or provide additional networking opportunities at 10 tradeshows or Industry Events

E. Technology Deal‐Making Webcast

• Monthly Deal‐Making Webcasts – 12 total Webcasts – Total cost $36,000 • 50 attendees per webcast – 600 total attendees – Total cost per attendee ‐

$60.00 Networking Event Webcasts – live streaming or archived ‐ 2 Events

• 75 per event, 150 total attendees • Cost per event $20,000 • Cost per attendee: $134.00

Podcasts – audio recording of presentations to download

• Four presentation recordings per event ‐ 12 total recordings • Total Downloads – 300 per presentation – 3600 downloads • Cost per podcast ‐ $3000, total cost $36,000 • Total Downloads – 3600 – per member cost ‐ $10.00

The motion PASSED. Member Services Committee Brent Case, CCIM, Chair of the Member Services Committee, gave the report. Informational Items:

1. The Committee approved an informational business plan from STDBonline regarding plans for a Technology Expo in 2009 following the Institute business meetings in Fort Worth, Texas in April 2009. The plan will not require any new Institute funding, but will be funded by STDB and registration fees.

2. The Committee received a report from CCIM IT staff on the proposed revisions and a timeline for the debut on a redesigned CCIM web site. A preliminary version is scheduled to debut by January 30, 2009. A task force was formed to work with staff during the web site redesign.

3. IT Staff delivered two other technology proposals: To extend the MailBridge option to Candidate members on a controlled basis (send without choosing specific recipients) and to open up the Find a CCIM Professional web search feature to allow Designees to search for Candidate members. (The public would only be able to search for Designees.) The Committee approved opening MailBridge to Candidate members.

4. A task force was formed to explore the differences between CCIM Designee and Candidate benefits with the intention of providing members with more value for their dues dollars.

5. The Institute’s relationship with MarketNet/Realtor Team Store for logo merchandise continued on a positive note. As of the third quarter2008, the Institute realized $2,254.91 in revenues, which compared favorably with the same period of last year.

6. The Institute’s relationship with the Select Leaders online Career Center has yielded $5,029.20 in commissions to date. Select Leaders plans to debut a redesigned site in the fourth quarter of 2008 that may result in additional revenues for the Institute.


of 21 12/11/2008

7. The five‐year initiative to launch a CCIM Chapter to serve members in and around New York City came to fruition with the approval by the Regional Activities Sub‐Committee of a New York Metro CCIM Chapter.

8. Staff reported that the Institute operated from a larger, 900‐square‐foot location at the 2008 ICSC Leasing Mall in Las Vegas. The same location was secured for the 2009 Leasing Mall. A task force was formed to provide suggestions on how to maximize CCIM’s participation at ICSC regional events in 2009.

9. The RERC/CCIM Investment Trends Quarterly continued to provide Designee and Candidate members with market insight and analysis, offer the Institute media relations opportunities, and provide members with content to use for marketing purposes.

Recommendations: A MOTION was duly made and seconded to approve the New York Metro CCIM Chapter. The motion PASSED. A MOTION was duly made and seconded to approve the Kentucky CCIM Chapter – Lexington District. The motion PASSED. Regional Activities Sub‐Committee Diann Cowling, CCIM, Chair of the Regional Activities Sub‐Committee, gave the report. The report contained only informational items. Informational Items:

1. The Regional Task Force will focus on the expanding the role of the First Vice President; evaluation of regional alignment and related procedures; and rewrite of the regional officer manual. Ernest Brown, IV, CCIM, 2009 Committee Vice‐Chair, will continue to lead this task force.

2. The Sub‐Committee will continue to work jointly with the Chapter Activities Sub‐Committee to improve communication between chapters and the Institute. Regional officers will be sending emails to their chapter leaders the first week of the month and completing conference calls every other month.

Chapter Activities Sub‐Committee Barbara Hokel, CCIM, Chair of the Chapter Activities Sub‐Committee, gave the report. The report contained only informational items. Informational Items: 1. The Sub‐Committee will continue with its Communication Task Force. The Task Force will work to

improve communication between chapters and the Institute. Justin Kintz, CCIM, will lead this group. 2. The Sub‐Committee will continue its work with the Chapter Development Program to assist

challenged chapters. Frank Dyer, CCIM, will lead this group for 2009. 3. The Sub‐Committee will partner with the Institute’s Networking Advisory Board to enhance the

CCIM chapters’ local networking program. Butch West, CCIM, will work directly with staff and the committee for this endeavor.


of 21 12/11/2008

4. The Sub‐Committee established a workgroup to promote the Robert L. Ward Center curriculum to local chapters and regions. D. Scott Smith, CCIM, will lead this group.

5. The Sub‐Committee established a workgroup to develop a plan to effectively enforce the minimum requirements for maintaining a chapter charter. Daryl Crotts, CCIM, Ralph Duarte, CCIM, and Charlotte Goldblatt, CCIM, will collaborate on developing this plan.

6. The Sub‐Committee recommends that Institute staff and the management team develop a program for disaster assistance in areas where CCIM members and candidates have sustained substantial losses due to recent catastrophic events.

Legislative Committee Bill Milliken, CCIM, Chair of the Legislative Committee, gave the report. Informational Items: 1. On November 16, 2007, the Securities and Exchange Commission (SEC) published the National

Association of REALTORS’ ® (NAR) request for exemption from the SEC. This exemption would permit a licensed real estate broker or agent who is predominately engaged in and has substantial experience in the commercial real estate industry, such as CCIMs, to receive a fee for a tenant in common (TIC) security transaction. NAR continues to have positive discussions with the SEC in order to produce a favorable solution that will allow CCIMs and other commercial real estate practitioners to participate and receive compensation in the brokerage of TIC securities.

2. Congress acted quickly to pass the legislation in an effort to repair the U.S. economy. The Senate amended the “Emergency Economic Stabilization Act of 2008” bill and passed it by a vote of 74 to 25 on October 1, 2008. Then, two days later on October 3, the House voted 223 to 205 to approve the Senate’s changes. Hours later, the President signed the Emergency Economic Stabilization Act of 2008 into law. Provisions of the 451‐page law that are of particular interest to CCIM Institute members are highlighted below.

Highlights of tax provisions:

• Extends the Energy Efficient Commercial Buildings Deduction for five years, through December 31, 2013. Current law allows taxpayers to deduct the cost of energy‐efficient property installed in commercial buildings. The amount deductible is up to $1.80 per square foot of building floor area for buildings achieving a 50% energy savings target. The energy savings must be accomplished through energy and power cost reductions for the building’s heating, cooling, ventilation, hot water, and interior lighting systems.

• Provides AMT relief. The Alternative Minimum Tax (AMT) was created in 1969 to prevent a small number of wealthy Americans from evading paying taxes. Over the years the AMT has come to affect more people every year because the AMT is not indexed for inflation. This law prevents an estimated 26 million Americans from having to pay more in taxes this year.

• Natural disaster tax relief. Provides temporary tax relief for areas damaged by 2008 Midwestern severe storms, tornados, and flooding. Also, temporary tax‐exempt bond financing and low‐income housing tax relief for areas damaged by Hurricane Ike.

• Extends leasehold improvements. Extends the 15‐year straight‐line cost recovery for qualified leasehold improvements and qualified restaurant improvements through January 1, 2010 for property placed in service after December 31, 2007. Extends the 15‐year recovery period for


of 21 12/11/2008

depreciation of certain improvements to retail space through January 1, 2010 for property placed in service after December 31, 2008.

Highlights of the Troubled Asset Relief Program:

• Purchases of troubled assets. The U.S. Treasury is authorized to establish a Troubled Asset Relief Program (TARP) to purchase troubled assets from financial institutions. The law includes provisions to prevent unjust enrichment by participants in the program. A Financial Stability Oversight Board will be established to ensure that the policies the Secretary of the Treasury is implementing protect taxpayers and are in accordance with the economic interests of the U.S.

• For mortgages and mortgage‐backed securities acquired through TARP, the Treasury Secretary must implement a plan to mitigate foreclosures and to encourage servicers of mortgages to modify loans through various programs. The Secretary will be allowed to use loan guarantees and credit enhancements to avoid foreclosures.

• Limits executive compensation. The Treasury Secretary will write executive compensation rules governing financial institutions that sell the government troubled assets. Where the Treasury buys assets directly, the financial institution must observe standards limiting incentives and prohibiting golden parachutes.

• Authorization to purchase troubled assets. Authorizes the full $700 billion requested by the Treasury Secretary for implementation of TARP. The Secretary is allowed to use $250 billion of those funds immediately in authority under this law. Upon a Presidential certification of need, the Secretary may access an additional $100 billion. The final $350 billion may be accessed if the President transmits a written report to Congress requesting such authority.

• Raises the statutory limit on public debit from $10 trillion to $11.3 trillion. (As of October 3, 2008 the public debt is $10.128 trillion).

• Strengthens the Hope for Homeowners program to increase eligibility and improve the tools available to prevent foreclosures.

• Raises the FDIC and the National Credit Union Share Insurance Fund deposit insurance limits from $100,000 per account to $250,000 until December 31, 2009. Temporarily raises the borrowing limits at the Treasury for the FDIC and the National Credit Union Share Insurance Fund.

3. In 2008, NAR was able to reach a compromise through negotiations with Senate leadership by the introduction of the Small Business Health Options Program (SHOP). This legislation would encourage states to reform their small group insurance regulations through tax incentives. SHOP would create a nationwide insurance purchasing pool for small businesses and the self‐employed as well as provide tax credits to the self‐employed and small business employers who offer health insurance to their workers. In 2009, CCIM Institute and NAR will continue to build on the momentum from 2008 and press Congress for a viable plan that allows commercial real estate practitioners to have access to affordable health insurance.

4. The Committee gave approval to continue with the Capitol Hill Visit joint venture with IREM in 2009 and 2010, and to initiate participation with NAR’s Capitol Hill Visit Program in 2009 and 2010.

5. The Committee approved recommendation that in 2011 the CCIM Institute would consider participating in NAR’s Capitol Hill Visits. Also, request CCIM Institute leadership to discuss with IREM leadership to participate in NAR’s 2011 Capitol Hill Visits. IREM and CCIM Institute may convene in separate hotels during the event.


of 21 12/11/2008

6. The Committee approved the Institute’s request of the Realtor’s Land Institute (RLI) to provide a financial commitment to be a part of the current working legislative program of the CCIM Institute and IREM.

Recommendations: A MOTION was duly made and seconded to approve ten updated existing Statements of Policy:

• Involuntary Compensation Imposition • Rent Control • Electronic Signatures • Financial Institutions and Real Estate Brokerage • Uniform Standards of Professional Appraisal Practices • Asbestos • Brownfield’s • International Building Code • Volatile Organic Compounds • Water Conservation

The motion PASSED. Professional Standards Committee Gerrie Watson, CCIM, Chair of the Professional Standards Committee, gave the report. Informational Items:

1. To create a work group to review the current Arbitration Manual and recommend changes. 2. To update the Professional Standards survey to maintain a cadre of trained members. The

survey will be updated every three years. 3. To recommend the existing Designation/Logo Misuse Task Force remain in existence to review

and recommend guidelines for proper CCIM logo merchandise use.

Recommendations: A MOTION was duly made and seconded to accept and adopt the 2008 NAR Code of Ethics without changes. The motion PASSED. Nominating Committee: Tim Hatlestad, CCIM, Chair of the Nominating Committee, gave the report. The report contained only informational items. Informational Items:

1. The Committee approved the ballots and the election process for the Institute First Vice President, the STDB, Inc. Board of Directors, the CCIM Board of Directors, and possible Executive Committee elections.

2. The Committee interviewed potential candidates for the 2010 First Vice President position and the 2010 Executive Committee member‐at‐large positions.


of 21 12/11/2008

3. The Nominating Committee discussed that for the transition to the Governance Committee, new criteria for the committee and members would need to be developed.

4. The Nominating Committee discussed that a policy will need to be created addressing how to handle the possible situation of a tie in the STDB Election.

Strategic Planning Committee Richard Juge, CCIM, 2009 President‐Elect, gave the report. Informational Items:

• The Key Performance Indicators Task force will proceed with the following steps: 1. Key Performance Indicators Memo will be sent to the appropriate committees for review. 2. Committees will formalize the Key Performance Indicators by December 15, 2008. 3. Implementation to be carried out by January 31, 2009. The Task Force will include:

Bruce Baker, CCIM Joel Kahn, CCIM Lou Nimkoff, CCIM First Vice President, TBD Recommendations: Juge informed the Executive Committee of the following recommendations for the Board of Directors.

1. To approve the Key Performance Indicators Memo and report. 2. To require any new business plan submitted to include a section outlining performance

measures effective from this time forward. 3. To recommend the revised Strategic Plan be approved with the Vision Statement included and

the term “color” replaced with the term “culture” as indicated below: Guiding Principles: Fiscally responsible. Ethical. Global. State of the Art. Current. Inclusive.

Mission:

To provide the best commercial and investment real estate education and services which afford a unique competitive advantage and create recognition of the designation as the hallmark of competency.

Vision:

To be the leading authority for commercial real estate through networking, education and technology.

Value Statement:

We envision a confident, successful customer who, through participation in CCIM’s communities and programs, will understand and apply knowledge practically through the use of best practices. The CCIM community inspires individuals to be ethical, knowledgeable and the best in their business.


of 21 12/11/2008

We envision an agile organization that can quickly take an idea from proposal through evaluation to implementation, with accountability at all levels regardless of the size of the membership.

We envision a culture that fosters establishment of lasting relationships founded upon mutual respect.

We envision a membership that includes diversity in color culture, gender, age and those from all disciplines of the commercial real estate industry.

GOALS: OBJECTIVES: ACCOUNTABLE

Provide the highest quality education for commercial investment real estate professionals for the CCIM Designation as well as non‐designation education and enhanced business applications.

Deliver an exceptional user and investor real estate decision making education curriculum.

Offer market driven, timely, forward thinking and relevant education

Deliver effective instruction that promotes and enables retention and practical application.

Explore informal learning methodologies.

Education Committee, Body of Knowledge Committee, Faculty Sub‐Committee, Member Services Committee.

Create and enhance the recognition of the CCIM Designation.

Award Designation to qualified professionals.

Retain membership through market awareness.

Promote the recognition of the CCIM Institute as the leading authority in the profession and expand recognition beyond the boundary of the traditional real estate industry.

Promote the designation in a manner sensitive to customer needs (generational and cultural differences).

Designation Committee, Member Services Committee, Cultural Diversity Advisory Board, International Activities Committee, Legislative Affairs Sub‐Committee.

Provide high quality member services at the individual, chapter, national and

Provide tools and services to help members do business.

Member Services Committee, International Activities Committee, Chapter Activities


of 21 12/11/2008

Budget Committee Charles “Chuck” Connely, CCIM, 2009 Treasurer, gave the report. Informational Items: • Created a task force to review allocation of Institute indirect expenses. .

Recommendations: Connely informed the Executive Committee of the following recommendations for the Board of Directors. 1. Recommend for approval the 2009 budget dated September 29, 2008 with a Net Margin after

reserves of $13,225. 2. Recommend for approval the Bylaws change affecting the Budget Committee with revisions.

CCIMNeXt REPORT Frank Simpson, CCIM, gave the report. A MOTION was duly made and seconded to approve the CCIMNeXt Business Plan. An Amendment was duly made and seconded to change the Detailed Description/Use of Funds section as indicated below and replace the term “pre‐captured” replaced with “developmental” throughout the plan: “Approve utilizing $1,200,000 $1,529,091 from “pre‐captured” developmental reserves; (a) for up to $300,000 $629,090 for capital development relationship costs with vendors and the user databases, and start‐up costs and (b) approximately $900,000 for the ESRI contact.“ The amendment PASSED. The following members abstained from voting: Roger Broderick, CCIM, Wayne D’Amico, CCIM, Tim Hatlestad, CCIM, Bob Rosenberg, CCIM, Frank Simpson, CCIM and Rhonda West, CCIM. The amended motion PASSED. The following members abstained from voting: Roger Broderick, CCIM,

international levels.

Ensure awareness of the full range of member and chapter tools and services.

Monitor satisfaction with and utilization of member tools and services.

Foster opportunities for CCIMs to network.

Increase member awareness and educate them about business opportunities.

Explore and initiate strategic alliances with other entities.

Sub‐Committee, Regional Activities Sub‐Committee, Networking Advisory Board, STDB, Legislative Affairs Sub‐ Committee.


of 21 12/11/2008

Wayne D’Amico, CCIM, Tim Hatlestad, CCIM, Bob Rosenberg, CCIM, Frank Simpson, CCIM, and Rhonda West, CCIM. Other Business Jonathan Salk, CEO, reported that for the conference for 2010 in Orlando, will be the final joint conference with IREM in the Success Series. The possibility of a future conference with SIOR is being explored. There being no further business, McClure adjoined the meeting at 10:50 a.m.

Minutes 2009 EXECUTIVE COMMITTEE CCIM …Minutes 2009 EXECUTIVE COMMITTEE CCIM Institute Hilton...

Documents

Transcript of Minutes 2009 EXECUTIVE COMMITTEE CCIM …Minutes 2009 EXECUTIVE COMMITTEE CCIM Institute Hilton...