BACKGROUND:
Each year LIBOR appoints several members to serve as its representatives on the Board of Directors of the National Association of REALTORS® (“NAR”). The number of Director allotments for LIBOR is determined by NAR according to board
size and each Director’s term is for one (1) year.
NAR is a member-driven association and members of the NAR Board of Directors are responsible for governing the Association. NAR counts on Directors to participate as it deliberates issues that impact its members’ daily business lives. For
a more detailed explanation from NAR on the role of a Director, click here.
Part of an NAR Director’s responsibility is to attend and participate in the NAR meetings. Directors will participate in two national meetings each year:
- REALTORS® Legislative Meetings (May / June)
- NAR NXT, the REALTOR® Experience (November)
LIBOR provides its NAR Directors a travel allotment to subsidize or defray the expenses associated with traveling to and attending these meetings. The full travel allotment policy is set forth in LIBOR’s Policy & Procedures Manual.
In order to receive an allotment, LIBOR’s NAR Directors must attend the NAR Board of Directors, and state and regional caucus meetings in their entirety and prepare a short written report of the meetings they attended on their travel allotment request
form. These reports will be reviewed by LIBOR to identify issues that might influence LIBOR’s strategic plan.
Directors must also attend or watch the recording of any required LIBOR travelers meetings before the meeting to review meeting schedule and expectations, and after the meeting to recap key meeting takeaways. If requested, NAR Directors may also be required
to provide an oral report of the meetings they attended to the LIBOR Board of Directors or Executive Committee.
CRITERIA FOR DIRECTOR POSITION
Candidates who apply for NAR Director positions must meet the following criteria:
- Must be a LIBOR member in good standing who has been a REALTOR® for at least three (3) years
- Must have completed the NAR Course titled “Fairhaven”
SELECTION
In accordance with LIBOR’s Policy and Procedures Manual, the LIBOR Board of Directors shall vote on and approve LIBOR’s available NAR Director allotments from the pool of eligible applicants. The Board of Directors shall consider the
following criteria when selecting an applicant to be an NAR Director:
- The applicant’s history of service on NAR committees and attendance at NAR meetings.
- The applicant’s history of service as a NYSAR Director or committee member and attendance at NYSAR meetings.
- The applicant’s history of service as a LIBOR Director or committee member and attendance at LIBOR meetings.
- The business needs of LIBOR.
- Recommendations submitted on the applicant’s behalf.