minutes 2009 of ccim institute october 16, 2008 hilton chicago · steve moreira, ccim ron myles,...

Minutes

2009 Board of Directors Meeting CCIM Institute

October 16, 2008 Hilton Chicago

Board of Directors Present: Charles “Mac” McClure, CCIM, 2009 CCIM Institute President Richard Juge, CCIM, 2009 President‐Elect Frank Simpson, CCIM, 2009 First Vice President Tim Hatlestad, CCIM, 2008 Immediate Past President Charles C. “Chuck” Connely, CCIM, Treasurer Craig Blorstad, CCIM, Treasurer‐Elect (non‐voting) BK Allen, CCIM Donald Arsenault, CCIM John Beard, CCIM Robert L. Behrens, CCIM David Bickell, CCIM Constance Boyle, CCIM Roger Broderick, CCIM Ernest Brown, CCIM Miriam Campos‐Root, CCIM Diann Cowling, CCIM Edward Craine, CCIM Phil Crane, CCIM Wayne D’Amico, CCIM John Daniel, CCIM Ralph Duarte, CCIM Skip Duemeland, CCIM Martin Edwards, CCIM Cynthia Ellison, CCIM Brian Estes, CCIM Allen Feltman, CCIM Joe Fisher, CCIM John Frank, CCIM Stanley Gniazdowski, CCIM Jerry Hall, CCIM Barbara Hokel, CCIM Harold Huggins, CCIM Alex Johnson, CCIM Soozi Jones‐Walker, CCIM Joel Kahn, CCIM John Khami, CCIM Wayne Kleinstiver, CCIM Todd Kuhlmann, CCIM

Karl Landreneau, CCIM Joe Larkin, CCIM Jonathan Lindsay, CCIM Jay R. Lucas, CCIM Patricia Lynn, CCIM Paul Lynn, CCIM Carmela Ma, CCIM Mark Macek, CCIM Charlie Mack, CCIM Norman Marquadson, CCIM Susan McClure, CCIM Howard Meier, CCIM Mike Merrifield, CCIM Bill Milliken, CCIM Nick Miner, CCIM Barbara Monahan, CCIM Steve Moreira, CCIM Ron Myles, CCIM Lou Nimkoff, CCIM Dan Page, CCIM W. Duncan Patterson, CCIM Steve Price, CCIM Tony Rickard, CCIM Bob Rosenberg, CCIM Cynthia Shelton, CCIM Pamela Spadaro, CCIM Barry Spizer, CCIM John M. Stone, CCIM Dewey Struble, CCIM Gene Trowbridge, CCIM Jay Verro, CCIM Gerrie Watson, CCIM Bob Ward, CCIM Butch West, CCIM Rhonda West, CCIM David Wilson, CCIM Chuck Wise, CCIM Directors Absent: Walt Clements, CCIM (excused) Judy Hatfield, CCIM (excused) Pius Leung, CCIM (excused) Cindy Morse, CCIM (excused) Ed Nwokedi, CCIM Elizabeth Sink, CCIM (excused)

Darbin Skeans, CCIM (excused) William Stonaker, CCIM (excused) Ralph W. Varnum, CCIM (excused) William Witting, CCIM (excused) Guests: Stanley Armstrong, CCIM Adrian Arriaga, CCIM Carmen Austin, CCIM Michael Batdorf, CCIM Eddie Blanton, CCIM Barbara Bushnell, CCIM William Butler, CCIM Quentin Caruso, CCIM Linda Cinelli, CCIM Steven Edrington, CCIM Sheldon Good, CCIM, Past President Corey Ferguson, CCIM Paul G. Fetscher, CCIM Mike Haley, CCIM Jacqueline Haynes, CCIM Bob Holland, CCIM Don Huddleston, CCIM Jim D. Hussion, CCIM Stephen W. Jacquemin, CCIM Mary Dee Karp, CCIM Vikki Keyser, CCIM Leil Koch, CCIM D. Jeff Lynn, CCIM, PhD. John C. Lopez, CCIM Molly Mosher‐Cates, CCIM Katya J. Naman, CCIM Tom Nordstorm, CCIM Chris Ramm, CCIM Kevin Rude, CCIM Donald J. Rudolph, CCIM Bill Overman, CCIM Elizabeth C.F. Palmer, CCIM David Saldivar, CCIM Arie Salomon, CCIM Doug Sawyer, CCIM Don Sebastian, CCIM Michael R. Shelton, CCIM Sandy Shindleman, CCIM

DRAFT Minutes Board of Directors October 16, 2008

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Debra Stevens, CCIM Michael Tseng, CCIM David G. Verwer, CCIM Monty Warren, CCIM Robin Webb, CCIM Chuck Wiercinski, CCIM Lani Jo Weaver, CCIM Staff Jonathan Salk, CEO Jesse Binnall, CPP‐T, PRP, Parliamentarian Edward Bury

Gail Collins Terry Cunningham LaTonya Davenport Carey Farley Charmaine Griffin Susan Groeneveld, CCIM Diann Harris Matt Hellmuth Dennis LaMantia Colleen Loeffler Phonwiang Kelly McGunnigal Dave Miller Kristin O’Connor

Teresa O’Malley Kathleen O’Shaughnessy Luke Ortmann Jason Potkaski Richard Rosfelder Kathryn Rund Ken Setlak Steve Stern Raven Taylor Woody Torrez Jim Van Dellen Aida Wahmann Mat Williams

CALL TO ORDER Tim Hatlestad, CCIM, 2008 President, called the meeting to order at 3:05 p.m. MEETING AGENDA Hatlestad presented the meeting agenda with the following changes:

• Under the consent agenda o Item 4 ‐ Executive Summary of Actions dates changed from ‘April‐October’ to ‘April – September’ o Item 5 ‐ Approval of 2009 Committee Appointments to be removed and discussed later in the meeting o Item 7 ‐ STDB, Inc. Report, for clarification the report does not include STDB, Inc. Bylaw Changes

• The election of the First Vice President will occur before the election of the STDB, Inc. Board of Directors • The STDB, Inc. Bylaws Change will be reviewed and approved before the election of the STDB, Inc. Board of

Directors CONSENT AGENDA A MOTION was duly made and seconded to accept the amended consent agenda as listed below:

1. Conflict of Interest Policy Reminder 2. Approval of Meeting Agenda 3. Approval of the Board of Directors Minutes – April 2008 Meeting, Newport Beach, California 4. Summary of 2008 Executive Committee Activities (April‐September)(See Addendum) 5. Education Foundation Report‐Doug Sawyer, CCIM 6. STDB, Inc – Jay Lucas, CCIM (excluding Bylaws change)

The motion PASSED. PAST PRESIDENT RECOGNITION Hatlestad acknowledged the Institute Past Presidents in attendance: 1974 – Sheldon Good, CCIM 1978 – Robert L Ward, CCIM 1986 – Ronald L. Myles, CCIM 1989 – Martin Edwards, CCIM 1991 – John M. Stone, CCIM 1994 – John Frank, CCIM 1995 – Jay R. Lucas, CCIM 1996 – B.K. Allen, CCIM


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1997 – Dan Page, CCIM 1998 – Dewey Struble, CCIM 1999 – Allen Feltman, CCIM 2000 – Duncan Patterson, CCIM 2002 – Cynthia Shelton, CCIM 2003 – Barry Spizer, CCIM 2004 – Robert Behrens, CCIM 2006 – Steve Price, CCIM 2007 – Joe Fisher, CCIM INTERNATIONAL GUESTS Hatlestad acknowledged the following individuals who were present at the meeting from international chapters: Jin Uk Lee, CCIM: Chapter President, South Korea Hyung Hoon Lee, CCIM: Chapter Vice President, South Korea Alicja Jarzab, CCIM, Poland Jakub Kondrat, CCIM, Poland Michael Tseng, CCIM, Taiwan Konstantin Aprelev, CCIM, Russia Nikolay Pashkov, Russia ROLL CALL Hatlestad asked for the official roll call for the Board of Directors in attendance. MOMENT OF SILENCE Hatlestad asked for a moment of silence to acknowledge those who are no longer with us including: Bob Findling, CCIM Jack R. Hunt, CCIM, SEC Randal Lee, CCIM FIRST VICE PRESIDENT ELECTIONS Bob Holland, CCIM, Chair of the Tellers Committee, explained the election process and announced the candidates for the 2009 First Vice President, the 2009 STDB Inc. Board of Directors and the 2009 Institute Board of Directors. If the election of the First Vice President causes a vacancy on the Institute Board of Directors there will also be an election for the 2009 Executive Committee vacancy and an additional vacancy for the 2009 Board of Directors. The following individuals performed the duties of the Teller’s Committee:

• Daryl Crotts, CCIM • Katya Naman, CCIM • Mike Shelton, CCIM • Michael Tseng, CCIM • David Verwer, CCIM • Staff : Diann Harris, Matt Hellmuth, Colleen Loeffler, Luke Ortmann, and Aida Wahmann

For the First Vice President Election, the following individuals applied and were approved by the Nominating Committee to be candidates:

1. Adrian Arriaga, CCIM, McAllen, Texas 2. Leil Koch, CCIM, Lahaina, Hawaii


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3. Frank Simpson, CCIM, Gainesville, Georgia

For the STDB, Inc Board of Directors election, the following individuals applied as candidates for this election:

1. Adrian Arriaga, CCIM, McAllen, Texas 2. S. Mark Cypert, CCIM, Allen, Texas 3. John Daniel, CCIM, Sanford, North Carolina 4. Ty Gose, CCIM, Baton Rouge, Louisiana 5. Judy J. Hatfield, CCIM, Norman, Oklahoma 6. Carolyn T. Kellogg, CCIM, Charlotte, North Carolina 7. Steve Moreira, CCIM, Longwood, Florida 8. Tony Rickard, CCIM, Matthews, North Carolina 9. Dewey Struble, CCIM, Reno, Nevada 10. Monty Warren, CCIM, Covington, Louisiana 11. Robin L. Webb, CCIM, Maitland, Florida 12. Marc Weinmeister, CCIM, Edmond, Oklahoma

For the CCIM Board of Directors Election, the following individuals applied and were approved as candidates:

1. Randy Atkin, CCIM, Salt Lake City, Utah 2. Michael Batdorf, CCIM, Perrysburg, Ohio 3. Manfred Chemek, CCIM, Houston, Texas 4. Todd Clarke, CCIM, Albuquerque, New Mexico 5. Walt Clements, CCIM, Overland Park, Kansas 6. Dan Cromwell, CCIM, Carlsbad, California 7. Charlotte Goldblatt, CCIM, Woodbridge, Connecticut 8. Tony Guglielmo, CCIM, Ontario, California 9. Mary Dee Karp, CCIM, Walnut Creek, California 10. John Lopez, CCIM, Mayaguez, Puerto Rico 11. Russell Malayery, CCIM, Atlanta, Georgia 12. Barbara Ann Monahan, CCIM, Naples, Florida 13. Molly Mosher‐Cates, CCIM, Kailua, Hawaii 14. Steve Perfit, CCIM, Kingston, New York 15. Bill Richert, CCIM, Tulsa, Oklahoma 16. David Saldivar, CCIM, Hayward, California 17. Don Sebastian, CCIM, Lexington, Kentucky 18. Mark Van Ark, CCIM, Boulder, Colorado 19. Gerrie Watson, CCIM, Myrtle Beach, South Carolina

SPECIAL ANNOUNCEMENTS The Board of Directors awarded D. Jeff Lynn, PhD. an Honorary CCIM designation for his dedication and years of service and contributions to the CCIM Institute. STDB, INC. BYLAW CHANGES Richard Juge, CCIM, 2009 President‐Elect, presented the STDB, Inc. Bylaw changes. A MOTION was duly made and seconded to accept the STDB, Inc. Bylaws change as indicated below: ARTICLE III – DIRECTORS


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Section 1. General Powers. The business and affairs of the Corporation shall be managed by or under the direction of its Board of Directors. Section 2. Number and Tenure. There shall be nine (9) directors, each having one (1) vote. Six (6) directors shall be elected by the shareholders at CCIM’s fall meeting in the manner provided below. The following persons shall also serve as directors of the Corporation, ex‐officio, with the right to vote on all matters upon which a director is entitled to vote: The President of the Corporation, a representative of the CCIM Institute selected appointed as provided below (the “CCIM Representative”), and the Executive Vice President Chief Executive Officer of the CCIM Institute shall also serve as Directors ex officio (voting). The elected officers of the CCIM Institute shall select designate the CCIM Representative from among the elected officers of the CCIM to serve as a director at each meeting of the board of directors of the Corporation Institute the representative of the CCIM Institute to perform the rights and duties of director. Such representative The CCIM Representative need not be the same officer for each meeting of the board of directors. Commencing with CCIM’s fall, 2008 meeting, the six (6) elected directors shall serve for staggered two‐year terms, with three (3) of such directors to be elected for a two year term annually. In order to effectuate the staggered terms, at CCIM’s fall, 2008 meeting, the three (3) directors elected with the highest number of votes at such meeting shall serve two year terms or until his or her earlier death, resignation or removal, and the three (3) remaining directors elected at such meeting shall serve The shareholders shall one year terms or until his or her earlier death, resignation or removal. elect the six (6) elected directors annually, with each elected director to serve for a term of one (1) year, or until his or her respective successor shall have been elected by the shareholders or his or her earlier death, resignation or removal. One (1) of the six (6) directors (“the Outside director” as defined in Section 3 below) shall be elected annually by the shareholders to serve for a term of one (1) year. Section 3. Qualifications;Term Limitations. Directors need not be residents of Illinois or shareholders of the Corporation. At least fFive (5) of the six (6) elected directors shall be CCIM designees. One director (theThe “Outside Ddirector”) need not be a CCIM designee. No elected director shall stand for election after such director has completed the service of three consecutive two year terms as measured commencing with the two year term beginning in 2009. The motion PASSED. SPECIAL RECOGNITIONS Hatlestad gave special recognition to the 2008 Committee Chairmen and Outgoing Members of the Board of Directors.

Name Position Committee Name

Adrian Aron Arriaga, Sr. CCIM Director Board of Directors

Bruce Baker, CCIM Director Board of Directors

Silvia G. Gangel, CCIM Director Board of Directors

Donald S. Huddleston, CCIM Director Board of Directors

Chattman Johnson, Jr. CCIM Director Board of Directors

Leil Koch, CCIM Director Board of Directors

Stephen Perfit, CCIM Treasurer Board of Directors

Bill Richert, CCIM Director Board of Directors

Sandy G. Shindleman, CCIM Director Board of Directors

Byron A. Smith, Sr. CCIM Director Board of Directors

Mark Van Ark, CCIM Director Board of Directors

Robin L. Webb, CCIM Director Board of Directors

Steven D. Weinstock, CCIM Director Board of Directors


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Jim H. Baker, Jr. CCIM Region 12 Vice President Regional Activities

Anthony Bolling, CCIM Region 10 Vice President Regional Activities

Frank M. Dyer, III CCIM Region 6 Vice President Regional Activities

Gant B. Hill, CCIM Region 7 Vice President Regional Activities

Jason B. Kaiser, CCIM Region 8 Vice President Regional Activities

Tamara J. Newby, CCIM Region 1 Vice President Regional Activities

Stephanie Short, CCIM Region 9 Vice President Regional Activities

Douglas M. Smith, CCIM Region 11 Vice President Regional Activities

Ernest Brown, CCIM Region 4 Vice President Regional Activities

Barbara Hokel, CCIM Region 5 Vice President Regional Activities

Soozi Jones‐Walker, CCIM Region 2 Vice President Regional Activities

Craig Blorstad, CCIM Chair Audit Committee

Tim Hatlestad, CCIM Chair Board of Directors

Joseph A. Fisher, CCIM Chair Body of Knowledge Committee

Stephen Perfit, CCIM Chair Budget Committee

Todd A. Kuhlmann, CCIM Chair Chapter Activities Sub‐Committee

Edward Nwokedi, CCIM Chair Cultural Diversity Advisory Board

John Khami, CCIM Chair Designation Committee

Tennyson Williams, CCIM Chair Education Committee

Douglas A. Sawyer, CCIM Chair Education Foundation

Tim Hatlestad, CCIM Chair Executive Committee

David L. Bickell, CCIM Chair Faculty Sub‐Committee

Manfred Chemek, CCIM Chair International Activities Committee

Harold H. Huggins, CCIM Chair Legislative Affairs Sub‐Committee

Steven W. Moreira, CCIM Chair Member Services Committee

Joseph A. Fisher, CCIM Chair Nominating Committee

Arie Salomon, CCIM Chair Partners Advisory Board

Paul A. Lynn, CCIM Chair Professional Standards Committee

William G. Milliken, Jr. CCIM Chair Regional Activities Sub‐Committee

Richard E. Juge, CCIM Chair Strategic Planning Committee 2008 Instructor Award Recipients Hatlestad acknowledged the following individuals who were recognized for their efforts with the education program during the annual Instructor Seminar in July 2008.

Senior Course Instructors of the Year: 101 Instructor of the Year: Jim Rosen, CCIM 102 Instructor of the Year: Sandy Shindleman, CCIM 103 Instructor of the Year: Joe Larkin, CCIM 104 Instructor of the Year: Bruce Harvey, CCIM Rising Star Award: Blaine Strickland, CCIM People's Choice Award: Sandy Shindleman, CCIM Victor L. Lyon Award: Patricia Lynn, CCIM Special Contribution Award: Jeff Lenn, PHD, CCIM


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Robert L. Ward Instructor of the Year Award: Tim Hatlestad, CCIM 5‐Year Service Award: Adrian Arriaga, CCIM Parker Hudson, CCIM Soozi Jones‐Walker, CCIM Bill Lawrence, CCIM Pius Leung, CCIM Bill Mohr, CCIM Mark Van Ark, CCIM Tennyson Williams, CCIM 10‐Year Service Awards: Rod Noles, CCIM 2008 Chapter Recognition Awards: Hatlestad announced the Chapter recognition awards received at the Chapter Officer Training in August 2008. For Outstanding Chapter Service in a single category:

1. Alabama CCIM Chapter for Membership Publications. 2. San Antonio/South Texas CCIM Chapter for Marketing Program. 3. Florida CCIM Chapter for Education Programs. 4. Minnesota/Dakotas CCIM Chapter for Member Retention and Designation Promotion. 5. Kentucky CCIM Chapter for Community Service Efforts.

PRESIDENT’S CUP AWARDS The President’s Cup Awards recognize the most innovative and outstanding Chapter activities program including: membership recruitment; retention; promotion; new members; new designees; education promotion; programs; special events; and fundraisers. The three tiers divide the submissions into categories based on a combination of membership, revenue, courses and events held. For Tier 3: 1st Place – Georgia CCIM Chapter 2nd Place – Indiana CCIM Chapter 3rd Place – Virginia CCIM Chapter For Tier 2: 1st Place – Hawaii CCIM Chapter 2nd Place – Alabama CCIM Chapter 3rd Place – St. Louis CCIM Chapter

For Tier 1 1st Place – North Carolina CCIM Chapter 2nd Place – Southern Nevada CCIM Chapter 3rd Place – Houston Gulf/Coast CCIM Chapter Jay W. Levine Leadership Development Academy ‐‐ Class of 2009 Hatlestad announced the 2009 Class of the Jay W. Levine Leadership Development Academy:


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Aaron Barnard, CCIM, Eden Prairie, Minnesota Craig Blorstad, CCIM, Bloomington, Indiana Anthony Bolling, CCIM, Washington, DC Benjamin Crosby, CCIM, Winter Haven, Florida Ralph Duarte, CCIM, Bethesda, Maryland Jerry Hall, CCIM, Columbus, Ohio Shirley Harpool, CCIM, Overland Park, Kansas Jacqueline Haynes, CCIM, Indianapolis, Indiana John Hsu, CCIM, Whittier, California Robert Lee, CCIM, Manhattan Beach, California Chris Ramm, CCIM, Winston‐Salem, North Carolina Gaston Reboredo, CCIM, Boca Raton, Florida In addition, two of these members have been granted scholarships for the program. The recipient of the Susan J. Groeneveld, CCIM Scholarship awarded by the Education Foundation (which includes full tuition of $1,500 and $1,000 of travel expenses) is: Aaron Barnard, CCIM. The recipient of the CCIM Institute Cultural Diversity Scholarship (which includes full tuition of $1,500) is: Anthony Bolling, CCIM. 2008 Leadership Team Hatlestad gave a special thanks to the 2008 Leadership Team. Presidential Liaisons: Silvia Gangel, CCIM; Patricia Lynn, CCIM; and Frank Simpson, CCIM President‐Elect: Charles “Mac” McClure, CCIM First Vice President: Richard Juge, CCIM Treasurer: Steve Perfit, CCIM CEO: Jonathan Salk and all staff. Jonathan Salk, CEO, presented the gift from the Institute staff to Tim Hatlestad, CCIM. REVIEW OF 2008 PRESIDENT’S GOALS Hatlestad reviewed the goals and accomplishments of the Institute for 2008. PASSING OF THE GAVEL Charles “Mac” McClure, CCIM, 2009 Institute President honored Hatlestad with the CCIM Institute President’s Plaque. Hatlestad passed McClure the ceremonial gavel to continue the meeting. FIRST VICE PRESIDENT ELECTION RESULTS Holland announced the results of the First Vice President election. Frank Simpson, CCIM, won the majority of the vote and will be the 2009 First Vice President. Holland explained that Simpson’s win created a vacancy on the Executive Committee and an additional vacancy on the Board of Directors. Frank Simpson, CCIM 47 Leil Koch 29 Adrian Arriaga 2 Executive Committee Vacancy


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The election of Frank Simpson, CCIM, to the office of First Vice President created a vacancy on the 2009 Executive Committee. Only members who ran in the previous election are eligible to fill the vacancy. By acclamation, the Board of Directors approved Joseph Fisher, CCIM, to the 2009 Executive Committee. EDUCATION FOUNDATION OF THE CCIM INSTITUTE Doug Sawyer, CCIM, President of the Education Foundation, gave the report on the Education Foundation.

• Nick Miner, CCIM, presented on behalf of the Central Arizona CCIM Chapter, a fully endowed scholarship in the name of Tim Hatlestad, CCIM.

• Barbara Bushnell, CCIM, presented on behalf of the Alabama CCIM Chapter, a fully endowed scholarship in the name of Bill Moss, CCIM.

• Sawyer recognized John Beard, CCIM, for his leadership as President of the Education Foundation during the past three years with a plaque from the Foundation.

• Duncan Patterson, CCIM, recognized Doug Sawyer, CCIM, for his work as President of the Education Foundation with a plaque from the Foundation.

APPROVAL OF 2009 COMMITTEE APPOINTMENTS McClure presented the 2009 Committee Appointments. A MOTION was duly made and seconded to approve the 2009 committee appointments. An AMENDMENT was duly made and seconded to approve Steve Moreira, CCIM, to fill the vacancy on the Budget Committee. The amendment passed. The amended motion PASSED. BYLAW CHANGES McClure presented the CCIM Bylaws change for review. (See addendum) A MOTION was duly made and seconded to approve the Bylaws change. An AMENDMENT was duly made and seconded to partition out Section 4. Budget/Finance Committee to be referred to the Budget Committee for further study. The AMENDMENT was approved. The amended motion to approve the Bylaws changes excluding the Finance Committee section was PASSED. The Board of Directors referred the Bylaw Changes regarding the Finance Committee back to the Budget Committee for further review. CCIMNeXt REPORT Frank Simpson, CCIM, CCIM Institute First Vice‐President gave the report. (See addendum) A MOTION was duly made and seconded to approve the CCIMNeXt Business Plan. 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 CCIMNeXt Business Plan only. . The Motion DID NOT PASS with the majority vote necessary. The following abstained: Wayne D’Amico, CCIM, Jay Lucas, CCIM, Joel Kahn, CCIM, Nick Miner, CCIM, Cynthia Shelton, CCIM, Frank Simpson, CCIM, and Dewey Struble, CCIM.

The motion to approve the CCIMNeXt Business Plan PASSED unanimously. The following abstained: Wayne D’Amico,


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CCIM, Jay Lucas, CCIM, Joel Kahn, CCIM, Nick Miner, CCIM, Cynthia Shelton, CCIM, Frank Simpson, CCIM, and Dewey Struble, CCIM ELECTION RESULTS Holland announced the results of the STDB, Inc. Board of Directors and CCIM Board of Directors election. (Winners indicated in bold.) For the STDB, Inc. Board of Directors election:

1. Robin L. Webb, CCIM, Maitland, Florida (2 year term) 49 2. Judy J. Hatfield, CCIM, Norman, Oklahoma (2 year term) 48 3. Dewey Struble, CCIM, Reno, Nevada (2 year term) 46 4. John Daniel, CCIM, Sanford, North Carolina (1 year term) 44 5. Steve Moreira, CCIM, Longwood, Florida (1 year term) 39 6. Tony Rickard, CCIM, Matthews, North Carolina (1 year term) 37 7. Adrian Arriaga, CCIM, McAllen, Texas 35 8. S. Mark Cypert, CCIM, Allen, Texas 35 9. Monty Warren, CCIM, Covington, Louisiana 21 10. Carolyn T. Kellogg, CCIM, Charlotte, North Carolina 20 11. Ty Gose, CCIM, Baton Rouge, Louisiana 4 12. Marc Weinmeister, CCIM, Edmond, Oklahoma 2

For the CCIM Board of Directors election: (Since there was a tie for the second two‐year position, the candidates agreed to decide the election with the toss of a coin.)

1. Gerrie Watson, CCIM, Myrtle Beach, South Carolina (2 year term) 42 2. Walt Clements, CCIM, Overland Park, Kansas (2 year term) 31 3. Barbara Ann Monahan, CCIM, Naples, Florida (1 year term) 31 4. Don Sebastian, CCIM, Lexington, Kentucky 27 5. Todd Clarke, CCIM, Albuquerque, New Mexico 26 6. Steve Perfit, CCIM, Kingston, New York 26 7. John Lopez, CCIM, Mayaguez, Puerto Rico 25 8. Mark Van Ark, CCIM, Boulder, Colorado 21 9. Mary Dee Karp, CCIM, Walnut Creek, California 20 10. Molly Mosher‐Cates, CCIM, Kailua, Hawaii 17 11. Dan Cromwell, CCIM, Carlsbad, California 16 12. Charlotte Goldblatt, CCIM, Woodbridge, Connecticut 14 13. Michael Batdorf, CCIM, Perrysburg, Ohio 12 14. Bill Richert, CCIM, Tulsa, Oklahoma 8 15. Randy Atkin, CCIM, Salt Lake City, Utah 7 16. Manfred Chemek, CCIM, Houston, Texas 7 17. Tony Guglielmo, CCIM, Ontario, California 7 18. David Saldivar, CCIM, Hayward, California 7 19. Russell Malayery, CCIM, Atlanta, Georgia 4

COMMITTEE REPORTS – PRESIDENTIAL LIAISONS Joe Larkin, CCIM, as Presidential Liaison of the Body of Knowledge Committee, Education Committee, and the Faculty Sub‐Committee, reported the policy recommendations for each committee.


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a) Body of Knowledge Committee 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 refer the following recommendation to the Body of Knowledge for further study: Recommend 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.

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 fifth designation course covering negotiation skills. The motion PASSED.

The motion DID NOT PASS. A MOTION was duly made and seconded to increase the Education requirement for the CCIM designation to include eight hours of negotiations training prior to taking CI 103 and CI 104. The motion PASSED. The following abstained: Joe Fisher, CCIM and Cynthia Shelton, CCIM. 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 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 then the dates above. They will have until January 1, 2011, to complete the remainder of their designation requirements under the “grandfather” policy. The motion PASSED. b) Education Committee


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A MOTION was duly made and seconded to approve the Governance and Operational Guidelines for the Robert L. Ward Center for Real Estate Studies. (See Addendum) The motion PASSED. The following abstained: Bob Rosenberg, CCIM. 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: o Laurens Nicholson, CCIM, Workshop Leader to Junior in CI 101 o Cheri Thomas, CCIM, Workshop Leader to Junior in CI 101 o Bill Overman, CCIM, Junior to Senior in CI 101 o Dennis Hearst, CCIM, Junior to Senior in CI 101 o Daniel Boardman, CCIM, Junior to Senior in CI 101 o Chuck Wiercinski, CCIM, Junior to Senior in CI 101 o Baron McMillen, CCIM, Junior to Senior in CI 101 o Jim Baker, CCIM, Junior to Senior in CI 104 o Joe Larkin, CCIM, Junior to Senior 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. (Joe Fisher, CCIM; Bruce Harvey, CCIM; Cliff Bogart, CCIM and Bill Moss, CCIM abstained from voting).

• 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) (Bill Moss abstained from voting).

• 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 abstained: 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 • 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


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• 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 with one opposed. 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). The motion PASSED. A MOTION was duly made and seconded that the Board of Directors give staff the discretion to raise the international royalty fee as market conditions dictate, on a country‐by‐country basis. The motion PASSED with three opposed. A MOTION was duly made and seconded that the Board of Directors maintains the same salary for 2009 CCIM instructors as 2008 CCIM instructors. The motion PASSED with three opposed. All instructors abstained from voting.


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A MOTION was duly made and seconded to accept the New Business Plan for providing supplementary funds for travel to teach international courses:

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

The motion DID NOT PASS. All instructors abstained from voting. c) Faculty Sub‐Committee 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. The Board of Directors made the following motion: A MOTION was duly made and seconded for the Board of Directors to have access to all committee Blackboard pages excluding the Audit Committee, Human Resources Work Group, and Faculty Sub‐Committee. The motion was tabled until the April 2009 meeting. Rhonda West, CCIM, as Presidential Liaison of the Cultural Diversity Advisory Board, Designation Committee, International Activities Committee, and the Professional Standards Committee, reported the policy recommendations for each committee. a) Cultural Diversity Advisory Board

• There were no policy recommendations. Information Items only. b) Designation Committee A MOTION was duly made and seconded to approve the 112 new designees that successfully completed the comprehensive examination in Chicago, August 27‐28, 2008 and 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. A MOTION was duly made and seconded to approve the Designation Handbook changes. An AMENDMENT was duly made and seconded to remove the language “communication towers” from the following bullet under Commercial Investment Real Estate Lease:

• “Residential leases, including Apartment leases, do not qualify as activities for the portfolio. Apartment and all residential leasing managers do not qualify.The Leasing of self storage units, Billboards, Boat slips, AND communication towers and similar activities do not qualify. ”


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The amendment passed. The amended 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 with the re‐articulated numbers of the articles as shown below: 13. 2 16.2 “CRIMINAL AND OTHER UNLAWFUL ACTIVITY…” Will now read: “CRIMINAL AND OTHER INAPPROPRIATE UNLAWFUL ACTIVITIESY…” Article 13.2.4 16.3 ‐ 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 “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


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• 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.

The motion PASSED. c) International Activities Committee

• There were no policy recommendations. Information Items only. d) Professional Standards Committee A MOTION was duly made and seconded to adopt the 2008 NAR Code of Ethics without changes. The motion PASSED. Karl Landreneau, CCIM, as Presidential Liaison of the Member Services Committee, Legislative Affairs Sub‐Committee, Chapter Activities Sub‐Committee, Regional Activities Sub‐Committee, and the Networking Advisory Board, reported the policy recommendations for each committee. a) Member Services Committee 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.


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b) Legislative Affairs Sub‐Committee A MOTION was duly made and seconded to approve ten updated existing Statements of Policy (See Addendum):

• 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. c) Chapter Activities Sub‐Committee

• There were no policy recommendations. Information Items only. d) Regional Activities Sub‐Committee

• There were no policy recommendations. Information Items only. e) Networking Advisory Board 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:

• 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


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• 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 • 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. STRATEGIC PLANNING COMMMITTEE Richard Juge, CCIM, 2009 President‐Elect, gave the report for the Strategic Planning Committee. A MOTION was duly made and seconded to approve the Key Performance Indicators Memo and Report. The motion PASSED. A MOTION was duly made and seconded to require any new business plan submitted to include a section outlining performance measures effective from this time forward. The motion PASSED.


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A MOTION was duly made and seconded to approve 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. 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.

Designation Committee, Member Services Committee, Cultural Diversity Advisory


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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).

Board, International Activities Committee, Legislative Affairs Sub‐Committee.

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

Provide tools and services to help members do business. 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.

Member Services Committee, International Activities Committee, Chapter Activities Sub‐Committee, Regional Activities Sub‐Committee, Networking Advisory Board, STDB, Legislative Affairs Sub‐ Committee.

The motion PASSED. The Strategic Planning Committee had the following information 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 Frank Simpson, CCIM

NOMINATING COMMITTEE Tim Hatlestad, CCIM, Nominating Committee Chair, gave the report for the Nominating Committee. Nominating Committee had the following information items:


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

2. The committee interviewed potential candidates for the 2010 First Vice‐President position and the 2011 Executive Committee Candidates.

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

4. The Nominating Committee discussed that a policy will need to be created addressing how to handle if there were a tie in the STDB Election.

TREASURER’S REPORT/BUDGET COMMITTEE Charles “Chuck” Connely, CCIM, 2009 Treasurer, gave the report for the Budget Committee.

A MOTION was duly made and seconded to approve the 2009 budget dated September 29, 2008 with a Net Margin after reserves of $13,225. An Amendment was duly made and seconded to accept the new numbers listed below based on the decisions made October 16, 2008.

REVENUE Removed

INCREASE CUSTOM EDUCATION FEES TO EQUAL TEACHING FEE EXPENSE (PAGE 215) $17,550

(MAKE REVENUE NEUTRAL)

RAISE INTERNATIONAL ROYALTY BY $50 (1,355 STUDENTS) $67,750 –

TOTAL REVENUE $67,750 $17,550

DIRECT COSTS

EDUCATION

MARKETING ADMININSTRATION ( CHAPTERS, UNIVERSITIES) (PAGE 221) $45,000

(ELIMINATE DEVELOPMENTAL MARKETING EXPENSE FOR THESE FUNCTIONS)

DIRECT MARKETING (PAGE 211) $20,000

ELIMINATE INTERNATIONAL INSTRUCTOR COMPENSATION $80,000

(FY 2009 NEW BUSINESS PLAN PASSED SEPTEMBER 9, 2008)

FREEZE INSTRUCTOR TEACHING FEE INCREASE FOR FY 2009 $50,000

TOTAL EDUCATION $115,000 $80,000

MEMBERSHIP

CCIMNET ADVISORY BOARD (PAGE 260) $22,200

(ELIMINATE ALL OR SOME PORTION OF THIS EXPENSE FOR FY 2009)

CANDIDATE GUIDANCE EFFORT (PAGE 273) $10,000

(EXPENSE BUDGET NOT NEEDED)


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ELIMINATE REGIONAL ROUNDTABLE (PAGE 271) $26,900

STDB FUNDING INCREASE (17,000 MEMBERS @$5.00) ($85,000)

TOTAL MEMBERSHIP ($25,900)

TOTAL DIRECT COSTS $89,100

INDIRECT COSTS

ADMINISTRATION

DUPLICATION OF STAFF SALARY $68,238

ELIMINATE FY 2010 PRE BUDGET MEETING (PAGE 138) $13,700

ELIMINATE ONE EXECUTIVE COMMITTEE MEETING (PAGE 97) $32,320

REDUCE KOREAN CONFERENCE SPONSORSHIP (PAGE 113) $3,750

ELIMINATE ATTENDANCE AT MIPIM CANNES (PAGE 118) $18,100

ELIMINATE TAIWAN FORUMS SPONSORSHIP (PAGE 113) $2,000

ELIMINATE BOOTH RENTAL (PAGE 114) $12,000

ELIMINATE ATTENDANCE AT FIABCI‐USA AND FIABCI WORLD CONGRESS (PAGE 116) $13,500

TOTAL ADMINISTRATIVE $163,608

EDUCATION

SALARY AND FRINGE BENEFITS CHANGE DUE TO RESTRUCTURING $100,000

TOTAL INDIRECT COSTS $263,608

TOTAL ADDITION/(REDUCTION) TO NET MARGIN $420,458

The Amendment PASSED. An Amendment was duly made and seconded to add back the CIE Accrual of $418,671 and reduce the 3% reserve requirement. The Amendment PASSED. An Amendment was duly made and seconded to reduce the 3% reserve requirement to 1.337% The Amendment PASSED. The following abstained: Joel Kahn, CCIM, Jay Lucas, CCIM, and Dewey Struble, CCIM.


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The Amended Motion PASSED. The Budget Committee had the following information item:

• A task force was created to review allocation of Institute indirect expenses. EXECUTIVE COMMITTEE Juge gave the report for the Executive Committee. 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. A MOTION was duly made and seconded to approve the CCIMNeXt Business Plan with the following changes to the Detailed Description/Use of Funds section as indicated below and 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 motion PASSED. The Executive Committee had the following information items:

• There will be a Technology Expo in Fort Worth, Texas, April 24‐25, 2009, to be put on by STDB, Inc. • Discussions will be continued with SIOR on the possibility of a joint conference in the future.

NEXT BUSINESS MEETING The next meeting of the Board of Directors will at the CCIM Institute Mid‐year meetings on April 24, 2009 in Fort Worth, Texas. There being no further business, McClure adjourned the Board of Directors meeting without objection at 7:10 p.m.


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Addendum I SUMMARY OF THE EXECUTIVE COMMITTEE ACTIONS

2008 CCIM Executive Committee Hyatt Hotel, Rosemont, Illinois

July 20‐21, 2008 A MOTION was duly made and seconded by the Executive Committee to accept the April 2008 CCIM Executive Committee Meeting Minutes, Newport Beach, California with the following change: Regarding allowing single instructor courses for International courses: . . . the motion was made by the Education Committee instead of the Executive Committee. The motion was passed. A MOTION was duly made and seconded by the Executive Committee to recommend for approval to the CCIM Board of Directors the STDB, Inc. Bylaws with the following changes.

ARTICLE III ‐ DIRECTORS Section 1. General Powers. The business and affairs of the Corporation shall be managed by or under the direction of its Board of Directors. Section 2. Number and Tenure. There shall be nine (9) directors, each having one (1) vote. Six (6) directors shall be elected by the shareholders at CCIM’s fall meeting in the manner provided below. The following persons shall also serve as directors of the Corporation, ex‐officio, with the right to vote on all matters upon which a director is entitled to vote: The President of the Corporation, a representative of CCIM appointed as provided below (the “CCIM Representative”), and the Chief Executive Officer of CCIM. The elected officers of CCIM shall designate the CCIM Representative from among the elected officers of CCIM to serve as a director at each meeting of the board of directors of the Corporation. The CCIM Representative need not be the same officer for each meeting of the board of directors. Commencing with CCIM’s fall, 2008 meeting, the six (6) elected directors shall serve for staggered two‐year terms, with three (3) of such directors to be elected for a two‐year term annually. In order to effectuate the staggered terms, at CCIM’s fall, 2008 meeting, the three (3) directors elected with the highest number of votes at such meeting shall serve two year terms or until his or her earlier death, resignation or removal, and the three (3) remaining directors elected at such meeting shall serve one‐year terms or until his or her earlier death, resignation or removal. Section 3. Qualifications; Term Limitations. Directors need not be residents of Illinois or shareholders of the Corporation. At least five (5) of the six (6) elected directors shall be CCIM designees. One director (the “Outside Director”) need not be a CCIM designee. No director shall stand for election after such director has completed the service of three consecutive two year terms as measured commencing with the two year term beginning in 2009.

The motion was passed. A MOTION was duly made and seconded by the Executive Committee that the STDB, Inc. Board of Directors conforms to the requirement of a 30‐day advance notice of any bylaws changes for the review by the CCIM Board of Directors. The motion was passed. A MOTION was duly made and seconded by the Executive Committee that the Management Team be authorized to negotiate and enter into a contract with the chosen vendor to build the CCIMNeXt Platform. The motion was passed unanimously. A MOTION was duly made and seconded by the Executive Committee to keep all the terms of the contract with the recommended vendor confidential including the budget and conditions, until negotiations are finalized. The motion was passed.


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A MOTION was duly made and seconded by the Executive Committee to officially rename the CIE Task Force as CCIMNeXt Task Force and direct the Task Force to complete the following items by the end of 2008.

• Develop business rules ‐rules for exchanging data with third party providers, revenue sharing, key performance indicators, etc.

• Negotiate with vendors and partners to provide and accept the critical value add services on the data exchange (e.g., LoopNet, Property Line, TotalCommercial, franchises, networks, stakeholder groups, etc.)

• Report on integration costs for STDB, Inc. • Develop a recommendation for the ongoing operation of the CCIMNeXt platform, including how it will be hosted and

supported, and by whom it will be managed • Develop a recommendation for the creation and operation of an Advisory Board and governance of the platform,

including a) the initial creation of the platform (including third party consultant(s), volunteer direction, etc., and b) the ongoing operations of the platform

• Develop recommendations for the marketing and rollout of the system and the initial and ongoing training for members

• Develop a business plan for the economics of the operation of the CCIMNeXt platform The motion was passed. A MOTION was duly made and seconded by the Executive Committee to change policy of proration of the new candidate dues from quarterly to monthly as of January 1, 2009. The motion was passed. A MOTION was duly made and seconded by the Executive Committee to recommend for approval of the CCIM Board of Directors to accept the new membership categories: student, university faculty, and government employee, with changes. Current Membership Categories

Description Benefits Provided 2008 Annual Dues

Student Member A Full‐time undergraduate or graduate student of an accredited college or university or related program

• Conference and publication discounts • 50% discount on CI Intro On‐line or CD‐

ROM • Member discount to RERC/CCIM

Investment Trends Quarterly • Access to networking and visibility through

the local CCIM Chapter • Access to online member publications

including CIRE magazine • CCIM Career Center by Select Leaders • Access to STDB lite version *Must present valid university email

$50.00 ‐ US Only

Academic‐Faculty Membership

A full‐time college, community college, or university professor in touch with the commercial real estate industry.

• Subscription to CIRE magazine • Conference and publication discounts • Member discount to RERC/CCIM

Investment Trends Quarterly • Access to STDB • Access to online member publications *Must present valid university email address

$150.00 – US Only


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Government Membership

An individual working in a government agency or in the military

• Subscription to CIRE magazine • Conference and publication discounts • Member discount to RERC/CCIM

Investment Trends Quarterly • Access to STDB • Subscription to CCIMNet • Access to online member publications

$445.00

The motion was passed. A MOTION was duly made and seconded by the Executive Committee that the online Blackboard platform is available to the active committee members, the staff, and elected officers. All CCIM members are encouraged to attend regularly scheduled committee meetings. The motion was passed with three opposing votes. A MOTION was duly made and seconded by the Executive Committee that the CCIM Institute would co‐sponsor with the STDB, Inc. the Technology Expo in Fort Worth, Texas, April 2009 and to ask STDB, Inc. to underwrite and coordinate the event. A formal business plan will be developed to present to the Executive Committee in September 2008. The motion was passed. A MOTION was duly made and seconded that the following items from the BoardSource Report be approved by the Executive Committee with the Nominating/Governance Committee to put into action:

1. Develop a policy for consistent sharing of information with Board Members. 2. Have the Board agree on and regularly monitor a set of performance metrics that indicate the Institute’s progress

towards achieving the goals set out in the strategic plan. 3. Create a Governance Committee as a standing committee of the Board with responsibility to review and revise bylaws,

evaluate the Board’s effectiveness, educate the Board on issues pertinent to board service, and define Board members roles and responsibilities.

4. Take active steps to build the level of trust among Board members. 5. Provide the board an annual review of the Institute’s risk management and human resource policies.

The motion was passed. A MOTION was duly made and seconded by the Executive Committee to recommend that the CCIM Board of Directors approve the CCIM Institute bylaw changes (excluding the Budget/Finance section). The motion was passed. A motion was duly made and seconded by the Executive Committee to the recommendation of the Designation/Logo Misuse task force to include the following changes to the bylaws:

13. 2 “CRIMINAL AND OTHER UNLAWFUL ACTIVITY…” Will now read: “CRIMINAL AND OTHER inappropriate UNLACTIVITIESY…” Article 13.2.4 ‐ A member may be terminated or suspended for inappropriate use of the CCIM trademark, designation and logo.

The motion was passed. A motion was duly made and seconded by the Executive Committee to approve the following recommendations


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from the Designation/Logo Misuse task force:

1. Recommend proposed definition for Inappropriate designation/logo misuse:

"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 Comp Exam and 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 comp exam.” 2. Recommend approval on proposed licensing affirmation: 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 BOD, 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 “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 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.


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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.

4. Change all CCIM Candidacy references to Institute Candidate Members and not CCIM Candidates. 5. Terminate the use of New Candidate Press Release.

6. Offer Amnesty program to all former CCIM’s until end of year to reinstate for current year’s dues.

7. Create a Designation/Logo Misuse educational component that will include distribution to all students,

Candidates, Designees, former Designees and Chapters in the form of the brochure, emails, and ads in CIRE Magazine. We will also ask the Body of Knowledge Committee to add a module to courses on “Appropriate use of the CCIM Logo and Trademark”. The existing budget for the designation handbook will be used to cover cost of a reduced handbook and implementing this piece.

The motion was passed. A MOTION was duly made and seconded by the Executive Committee in Executive Session recommending to the CCIM Board of Directors that they approve a certain honorary CCIM membership. The motion was passed unanimously. A MOTION was duly made and seconded by the Executive Committee authorizing the CCIM Management Team to negotiate a settlement with the past vendor and to appoint one person to act as the primary spokesperson in the discussion. The motion was passed. A MOTION was duly made and seconded by the Executive Committee that henceforth, the Institute will report to the Board of Directors only the names of the winning candidates in an election. An AMENDMENT was duly made and seconded to record the vote counts in the meeting minutes. The amendment was approved. The amended motion was passed. A MOTION was duly made and seconded by the Executive Committee to approve the following budget adjustments as presented by the Budget Committee and recommended for approval by the Management Team with the net positive variance of $250,692. FY 2008 BUDGET NET INCOME (LOSS) ($1,308)

BUDGET REDUCTIONS/SAVINGS

COMPREHENSIVE MARKETING AUDIT $100,000 ACCOUNTING FEES $60,000 CCIMNET ADVISORY BOARD $22,000


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COURSE MATERIALS SAVINGS $40,000 EDUCATION FOUNDATION REIMIBURSEMENT $30,000

$252,000

REVISED FY 2008 BUDGET NET INCOME (LOSS) $250,692

The motion was passed. A MOTION was duly made and seconded by the Executive Committee to allocate and adjust payments of member subscriptions with STDB, Inc. based on the actual number of CCIM members on a quarterly basis instead of annually. The motion was passed. A MOTION was duly made and seconded that any credit card charges be deducted from gross revenue as a cost of doing business. This policy would be made effective January 1, 2009 or for any new initiative not currently contracted by the Institute. The motion was passed. A MOTION was duly made and seconded by the Executive Committee to approve the following bylaws change:

SECTION 4. FINANCE BUDGET COMMITTEE 4.1 COMPOSITION: The Finance Budget Committee shall consist of a Treasurer/Chairman, Treasurer‐Elect,/Vice Chairman, Immediate Past Treasurer, the Presidential and President‐Elect Liaisons as ex officio non‐voting members; a representative from the Society of Fellows (optional) and four at‐large members serving staggered two‐year terms. The Audit Committee Chairman will serve as an ex‐officio, non‐voting member. 4.2 DUTIES: To review, debate, and make its recommendations of approve the Institute’s annual administrative budget and operating plans all of which shall be recommended and approved in accordance with the Institute’s reserve policy. to the Board of Directors. To review monthly the Institute’s financial statements as compared to budget and report major concerns to the Management Committee, Audit Committee and/or Executive Committee. To review annually the budget request forms for the operating plan, current and past business plans and capital expenditure plan, and recommend any needed changes to the Board of Directors. To review annually the Institute’s reserve policy and recommend any needed changes to the Board of Directors. To review annually the Institute’s Investment Policy and recommend any needed changes to the Board of Directors. To make investments of the Institute’s funds in accordance with the Investment Policy. 4.3 MEETINGS: The Finance Budget Committee shall meet upon the call of the Treasurer/Chairman, stating the time and place of the meeting. A majority of the members of the Finance Budget Committee shall constitute a quorum.

An AMENDMENT was duly made and seconded to delete both uses of the word periodically and the sentence ‘To review budget request for the operating plan, current and past business plans and capital expenditure plan, and recommend any needed changes.’ The amendment was approved. An AMENDMENT was duly made and seconded to delete the final sentence of the duties of the Budget/Finance committee, ‘To make investments of the Institute’s funds in accordance with the Investment Policy.’ The amendment was approved. An AMENDMENT was duly made and seconded to condense the two last sentences into one as ‘To review the Institute’s Reserve and Investment Policies and recommend any needed changes.’ The amendment was approved.


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The new bylaws change reads as follows: SECTION 4. FINANCE COMMITTEE

4.1 COMPOSITION: The Finance Committee shall consist of a Treasurer/Chairman, Treasurer‐Elect,/Vice Chairman, Immediate Past Treasurer, the Presidential and President‐Elect Liaisons as ex‐officio, non‐voting members; a representative from the Society of Fellows (optional) and four at‐large members serving staggered two‐year terms. The Audit Committee Chairman will serve as an ex‐officio, non‐voting member.

4.2 DUTIES: To review, debate, and make its recommendations to the Institute’s annual budget and operating

plans all of which shall be recommended in accordance with the Institute’s Reserve Policy and the Institute’s Strategic Plan. To review monthly the Institute’s financial statements as compared to budget and report major concerns. To review the Institute’s Reserve and Investment Policies and recommend any needed changes.

4.3 MEETINGS: The Finance Committee shall meet upon the call of the Treasurer/Chairman, stating the time and

place of the meeting. A majority of the members of the Finance Committee shall constitute a quorum. The amended motion was passed. A MOTION was duly made and seconded by the Executive Committee to change the name of the CCIM Partners Advisory Board to the CCIM Networking Advisory Board. The motion was passed. A MOTION was duly made and seconded by the Executive Committee to approve the purpose statement of the CCIM Networking Advisory Board: “To support the CCIM Institute’s mission statement by delivering business development and networking opportunities for members to establish mutually beneficial relationships through information sharing, education, and technology.” The motion was passed. A MOTION was duly made and seconded by the Executive Committee to recommend to the CCIM Board of Directors for approval the revised Strategic Plan.

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. 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.


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We envision a culture that fosters establishment of lasting relationships founded upon mutual respect. We envision a membership that includes diversity in color, 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 international levels.

Provide tools and services to help members do business. 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.

Member Services Committee, International Activities Committee, Chapter Activities Sub‐Committee, Regional Activities Sub‐Committee, Networking Advisory Board, STDB, Legislative Affairs Sub‐ Committee.


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An AMENDMENT was duly made and seconded to remove the Value Statements. The Value Statements would be an internal document. The amendment was approved. The amended motion was passed.

Explore and initiate strategic alliances with other entities.

A MOTION was duly made and seconded by the Executive Committee to approve Columbia University as an Alliance Partner. The motion was passed. A MOTION was duly made and seconded by the Executive Committee to approve the following guidelines as an evaluation tool for University Alliance Partners:

1) Real Estate Financial Analysis 2) Real Estate Taxation 3) Market Analysis 4) User Analysis 5) Investor Analysis 6) Real Estate Valuation 7) Real Estate Finance 8) Real Estate Law 9) Real world application and implementation

All universities should meet or exceed these core elements and have 24 credit hours (8 core courses) as a minimum in their program to meet our basic requirements. The motion was passed. A MOTION was duly made and seconded by the Executive Committee to approve a secondary level for the University Alliance Program. CCIM MASTERS LEVEL

• Graduate School programs that meet the qualifications and guidelines to fast track through the CCIM educational requirements

• Reciprocal agreement signed between the Institute and University demonstrating that the university and the Institute have similar education components that allow for graduate students to fast track the CCIM education and explore CCIMs to have elective credit waived from any Master’s requirements if a CCIM were to qualify and pursue a Master’s Degree from a partnering University.

• To receive full benefits as previously listed in program outline (in italics below): For University Alliance Partner graduate students, on completion of the university graduate degree, an individual becomes a CCIM by doing the following:

• Must submit a CCIM University Fast Track Application and apply for Candidacy • Must demonstrate proof of completing the university graduate program • Must successfully complete the CI 103 ‐ User Decision Analysis course and exam • Must fulfill CCIM Institute’s portfolio of experience requirement. The portfolio must go through the

Institute’s approval process. • Must pass the CCIM comprehensive exam

A University Alliance Partner can receive the following benefits from the Institute: • Access to STDBOnline in the classroom • Access to CCIM tools, such as spreadsheets and other financial calculation forms • Access to CCIM course materials for the price offered to graduate students at the designee rate


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(Exception: CI‐103, since it is required to complete the Designation Program) • Access to CCIM Case Studies to be used as supplemental materials in the classroom (for a fee) • CCIM Award Program – Case Competencies, to be explored. • Local University Liaison available through Local Chapter • University students (both graduate and undergraduate) can join CCIM at a student membership

rate** University Alliance Professors:

• University professors can join CCIM at the university faculty affiliate rate** • Same Individuals are encouraged to become a CCIM and, in turn, consider application for the full CCIM

Instructor Process (assuming practitioner experience in background) • Same Individuals are invited to attend the annual CCIM Instructor Training Seminar and 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 • Explore opportunities for professors to publish information in the CIRE Magazine, integrating CCIM in the

classroom/curriculum (extra credit for students who attend CCIM local events or conference; presenting at local events; establishing relationship with local CCIM or with chapter.)

CCIM UNIVERSITY ALLIANCE LEVEL Memorandum of Understanding and Partnership signed between the Institute and University

A University Alliance Partner can receive the following benefits from the Institute: • Access to STDB in the classroom ($500 for 25 licenses) • Access to CCIM tools, such as spreadsheets and other financial calculation forms • Access to CCIM course materials for the price offered to graduate students at the designee rate

(Exception: CI‐103, since it is required to complete the Designation Program) • Access to CCIM Case Studies to be used as supplemental materials in the classroom (for a fee) • CCIM Award Program – Case Competencies, to be explored. • Local University Liaison available through Local Chapter • University students (both graduate and undergraduate) can join CCIM at a student membership

rate** University Alliance Professors:

• University professors can join CCIM at the university faculty affiliate rate** • Same Individuals are encouraged to become a CCIM and, in turn, consider application for the full CCIM

Instructor Process (assuming practitioner experience in background) • Same Individuals are invited to attend the annual CCIM Instructor Training Seminar and 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 • Explore opportunities for professors to publish information in the CIRE Magazine, integrating CCIM in the

classroom/curriculum (extra credit for students who attend CCIM local events or conference; presenting at local events; establishing relationship with local CCIM or with chapter.)

**NOTE: The student and faculty categories are being presented for approval by Institute Board of Directors in October 2008. With establishing a secondary level, top universities would qualify for a partnership at the undergraduate level and the Institute can form an alliance to assist in raising the standards of a graduate school in real estate program to the CCIM Masters level. The qualifications for the University Alliance level would still need to meet the guidelines as well. All students from schools at the Alliance Level would be required to take all of the CCIM core education courses to qualify for the CCIM designation education component. The motion was passed.

A MOTION was duly made and seconded by the Executive Committee to approve the following thirteen


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recommendations from the International Summit:

1. Task the Strategic Planning Committee to develop a well‐defined strategy on international for the CCIM Institute.

• Have an international strategy that would be fundamentally drafted into the overall strategic plan so that “Global” becomes ingrained in everything the Institute does.

2. Task the Faculty Committee to address faculty infrastructure needs such as:

• Allowing a limited number of senior instructors to teach more than two core courses outside the U.S.

• Subsidizing instructor expenses as incentive for travel, where necessary, to meet quality criteria.

• Enabling staff to make independent decisions on one/two instructor offerings when necessary, with appropriate guidelines in place from Executive Committee and Management Team.

• Recruiting and training in‐country faculty, with the onus of recruitment on the country that needs the faculty and with the assistance of the CCIM Institute in the development process of the selected recruits.

3. Task the Education Redesign Workgroup of the Body of Knowledge Committee to maintain quality of education content by:

• Supporting material with international content and establishing a timeframe for completion.

• Enhancing material based on feedback from candidates and Designees in each country.

• Bringing the translation of new curriculum in‐house and heightening the control of course materials through copyright and intellectual property protections.

• Exploring alternative delivery vehicles, including the expansion of the Challenge Program and the possibility of electronic delivery.

• Adding instructor development staff as needed to assist with logistics of international course delivery. 4. Task the Robert L. Ward Center Work group to develop a plan for implementing non‐designation education

internationally, including:

• Providing Ward Center programs.

• Exploring alternative delivery vehicles. 5. Task the International Operations Advisory Board to identify a strategy for prioritizing and evaluating

existing and new markets based on market research and performance measures. 6. Task the International Activities Committee to establish goals for a liaison program that uses country liaisons

in countries with existing CCIM programs, with the possibility of expanding to other countries. 7. Task the international staff to explore partnerships and alliances with other organizations such as RICS, ICSC,

ULI and others. 8. Task the Chapter Activities Committee to enhance chapter resources and formats—including traditional and

virtual chapters—through collaboration with the International Operations Advisory Board and International Partner Organizations.

9. With the cooperation, assistance and investment by the specific countries, task the Networking Advisory Board, Membership Services Committee and the International Operations Advisory Board with improving networking opportunities through meetings, trade shows, and trade missions.

10. Task International and Special Programs staff to explore University alliances in each of our markets outside of the U.S.

11. Task the Designation Committee to identify and address challenges and make recommendations for


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portfolio requirements for international candidates 12. Task STDB to explore technology for Canada and other countries 13. Task the CCIM IT staff, STDB Board of Directors and the CCIMNeXt Taskforce to explore International

technology products, including:

• Translating portions of CCIM website

• Expanding STDB, CCIMNeXt, CCIMNet worldwide listing service, MailBridge (multi‐lingual support), Podcasts to an international audience

An AMENDMENT was duly made and seconded to bifurcate Items 1 and 5.

1. Task the Strategic Planning Committee to develop a well‐defined strategy on international for the CCIM Institute.

• Have an international strategy that would be fundamentally drafted into the overall strategic plan so that “Global” becomes ingrained in everything the Institute does.

5. Task the International Operations Advisory Board to identify a strategy for prioritizing and evaluating existing and new markets based on market research and performance measures.

The amendment was approved. An AMENDMENT was duly made and seconded to replace the term staff with the Management Team in Item 2 as indicated in bold:




• Enabling the Management Team to make independent decisions on one/two instructor offerings when necessary, with appropriate guidelines in place from Executive Committee and Management Team.


The amendment was approved. An AMENDMENT was duly made and seconded to separate out from the motion item 2.






The amendment was approved. The amended motion was passed. (Items 3, 4, 6‐13)


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A MOTION was duly made and seconded by the Executive Committee to enable the Management Team to make independent decisions on one/two instructor offerings when necessary, with appropriate guidelines in place from Executive Committee. The motion was passed.

A MOTION was duly made and seconded by the Executive Committee to have the Faculty Committee explore and research in Item 2 the following:

2. Task the Faculty Sub‐Committee to address faculty infrastructure needs such as:




The motion was passed. A motion was duly made and seconded that the Management Team has the authority to explore CI‐Intro offerings, partnerships with NAR and other affiliate groups to assist with a disaster relief effort to support those affected by the recent flooding in the Midwest states. A business plan will be reviewed and approved at the next off‐cycle Executive Committee meeting. The motion was passed.

2008 CCIM Executive Committee Meeting Hyatt Hotel, Rosemont, Illinois

September 9, 2008

A MOTION was duly made and seconded by the Executive Committee to adopt the mission statement of the Audit Committee as follows: “The Audit Committee will assist the Board of Directors in fulfilling its fiduciary responsibilities with respect to matters involving internal control, accounting and auditing standards, financial reporting, legal and regulatory compliance, as well as adherence to Company established standards and ethics. In performing its duties, the Committee shall maintain effective working relationships with the Board of Directors, Management Team, and the internal and external auditors. Although, appointed by the Board of Directors, the Committee shall remain autonomous, independent, and strictly objective when executing their duties. The Audit Committee shall review the Institute, and all its affiliated companies. The Audit Committee will have full access to all information and communication available to the Board of Directors. “ The motion passed. A MOTION was duly made and seconded by the Executive Committee to adopt the Audit Committee Charter of Purpose with the change of “issuing reports of its actions to the CEO, President, and President‐Elect.” An AMENDMENT was duly made and seconded to add the phrase ‘and when the Audit Committee deems necessary report to the Board of Directors’ to the following sentence below as indicted in bold. “The committee is responsible for recording the minutes during each meeting and issuing reports of its actions to the CEO, President, and President‐Elect and, when the Audit Committee deems necessary, report to the Board of Directors.” The amendment was approved.The amended motion was passed. A MOTION was duly made and seconded by the Executive Committee to approve the Audit Committee Work Plan.


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An AMENDMENT was duly made and seconded to add the phrase ‘or electronically’ to the following sentence below as indicated in bold. “Committee member are expected to attend each meeting in person or electronically.” The amendment was approved. The amended motion was passed. A MOTION was duly made and seconded by the Executive Committee to grant the Audit Committee, under the discretion of the chairman and within the current audit committee budget, the authority to cover expenses for committee members to attend the two national meetings a year. An AMENDMENT was duly made and seconded to state that two of the four quarterly Audit Committee meetings shall include the two national meetings. The amendment was approved. The amended motion was passed. A MOTION was duly made and seconded by the Executive Committee to accept the new language for the Designation Handbook as follows: “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.” An AMENDMENT was duly made and seconded to change the order of the wording on portfolio work. The final sentence will be as follows: “This decision will be made by the current Chair, the Vice Chair and Immediate Past Chair of the Designation Committee.” The amendment was approved. The amended motion was passed. A MOTION was duly made and seconded by the Executive Committee to approve a membership Dues Credit to current CCIMS and candidates in Iowa, Illinois, Missouri, and Wisconsin. An AMENDMENT was duly made and seconded to include members in the affected counties in Indiana and Houston/Galveston. The motion was tabled until the 2009 Budget discussions. A MOTION was duly made and seconded by the Executive Committee to table the discussions pertaining to the 2008 Midwest Disaster Relief business plan. The motion passed. A MOTION was duly made and seconded by the Executive Committee to give the management team the authority to work with NAR for support of a business plan that offers CCIM education to affected areas that were flooded in May 2008. The motion was tabled until further review. A motion was duly made and seconded by the Executive Committee that the CIE accrual be reversed for 2008 YTD and allowed to flow through the income statement into Institute reserves for the remainder of the year. The motion passed. A MOTION was duly made and seconded by the Executive Committee to authorize the CCIMNeXt Taskforce (as


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approved by the CCIM Institute Executive Committee) to carry out the development for the “CCIMNeXt” project as contracted with ESRI, Inc. on August 18, 2008. The task force shall authorize task force members to carry out specific task(s) associated with 1) ESRI software development 2) Ongoing Operations and Marketing of said product 3) Business Rules associated with software specifications, member(ship) guidelines, and terms of use agreements, 4) 3rd Party relationships( i.e. Software Vendors, Allied Organizations, and Corporate and Institutional Entities). With regards to Task Force authority, discretion shall include adequate interpretation of documented objectives, specifications, and contracted obligations to result in a timely delivery of said product. In areas regarding legal or financial impact to CCIM institute, CCIMNeXt Task force shall deliver recommendations and business plans as appropriate for consideration by the Executive Committee. The motion passed. A MOTION was duly made and seconded by the Executive Committee to extend the LoopNet contract for up to six months to allow for the complete creation of CCIMNeXt. An AMENDMENT was duly made and seconded to add the statement “up to the end of the year” in order to fit in the budget. The new motion will be to extend the LoopNet contract up to the end of the year (2009) to allow for the complete creation of CCIMNeXt. The amendment was approved. The amended motion was passed. A MOTION was duly made and seconded by the Executive Committee to authorize the management team to replicate the 2006 Katrina Education Intro Business Plan to become the Midwest Disaster Education Intro Business Plan to be underwritten by NAR and funded by CCIM up to but not to exceed $20,000. The motion passed. A MOTION was duly made and seconded by the Executive Committee to recommend to the Board of Directors the 2009 Operating Budget.

CCIM Institute Operating Summary

FY 2009 Budget

2009 % of Budget Rev

REVENUE EDUCATION REVENUE 9,705,975 48% MEMBERSHIP REVENUE 9,789,980 49% INTEREST 650,000 3%

- - TOTAL GROSS REVENUE 20,145,955 100%

= =

DIRECT COSTS COST OF GOODS SOLD - EDUCATION 4,535,012 23% COST OF GOODS SOLD - MEMBERSHIP 6,120,140 30%

- - TOTAL DIRECT COSTS 10,655,152 53%

= =


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GROSS MARGIN 9,490,803 47%

INDIRECT EXPENSES INDIRECT EXPENSES - ADMINISTRATION 4,848,663 24% INDIRECT EXPENSES - EDUCATION 2,122,790 11% INDIRECT EXPENSES - MEMBERSHIP 2,215,813 11%

- - TOTAL INDIRECT EXPENSES 9,187,266 46%

= =

NET MARGIN BEFORE RESERVE REQMT. 303,537 2% = =

REVENUE CHANGES DESIGNEE DUES (43,833.00) CANDIDATE DUES (450,636.88)

EXPENSE CHANGES Not paid to STDB and accrued for CIE DESIGNEE DUES 19,943.75 CANDIDATE DUES 186,577.66 Add Back 4 months CIE Accrual 418,671.72

REVISED NET INCOME BEFORE RESERVE REQMT. 434,260 2% = =

RESERVE REQUIREMENT 0 0.0% - -

REVISED NET INCOME (LOSS) 434,260 2.2% = =

NEW BUSINESS PLANS & BUDGET CHANGES REVENUE ED FOUNDATION SCHOLARSHIP INCREASE 7,500.00 CCR TUITION INCREASE 62,500.00 NEW MEMBERSHIP CATEGORIES 31,128.00 TOTAL 101,128.00

EXPENSE CCIM NETWORKING INITIATIVE (192,800.00) UNIVERSITY ALLIANCE PROGRAM (28,500.00) INTERNATIONAL BUSINESS PLAN (14,000.00) INT'L INSTRUCTOR COMPENSATION (80,000.00) VETERANS PROGRAM (15,000.00) CAPITAL BUDGET DEPRECIATION (39,900.00) TOTAL (370,200.00)

NEW NBP AND CHANGES (269,072.00)


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NET INCOME AFTER NEW PLANS & CHANGES 165,188 =

LESS ADD'L RESERVE REQUIREMENT 0 -

NET INCOME 165,188 * =

(* Please refer to final motion of the Disaster Relief Business Plan) An AMENDMENT was duly made and seconded to partition and amend the CCIM Partners Transition to CCIM Networking Budget Change request with the following changes:

i. Prior to the October meetings, the Partners Advisory Board provide performance for 2008 to define performance measures for 2009

ii. Include the Robert L. Ward Center Courses under the Joint Networking Program with Chapter/Regions iii. Under Technology Item number 6 ‐ delete the line REI Wise Listing Platform in conjunction with STDB

Project. Also remove REI Wise Listing Platform in conjunction with STDB ‐$50,00 from under the $100,000 Technology Offerings

The amendment was approved. An AMENDMENT was duly made and seconded to partition and amend the International Instructor Compensation to be funded to not to exceed $80,000. The amendment was approved. Hatlestad and Juge abstained. An AMENDMENT was duly made and seconded to approve the 2009 Dues Increase Budget Adjustment. The motion DID NOT PASS. An AMENDMENT was duly made and seconded to partition and amend the required reserve line item be changed to 0%. The amendment was approved. The amended motion was passed. A MOTION was duly made and seconded by the Executive Committee to accept and recommend to the Board of Directors the CCIM Institute 2009 Capital Budget.

CCIM INSTITUTE 2009 Capital Budget

TOTAL 2009 Capital Expenditure Requests: REQUESTED Staff PCs (25% replacement) (Three year life) 35,000 Dell Server Rack (Three year life) 2,238 Replacement UPS (2) (Three year life) 2,600 Exchange Server (Three year life) 6,713 Personify/VMWare Server (Three year life) 8,190 Remote Desktop Server (Three year life) 5,940 Squid/MRTG Server (Three year life) 5,457 Projectors (3) (Three year life) 6,000 Power Upgrade in Server Room (Ten year life) 5,000 Total Capital Expenditure Requests 39,900


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The amendment was approved. A MOTION was duly made and seconded by the Executive Committee to enact a Voluntary Membership dues relief reduction of $100 for members affected by the Midwest Flood areas with a budget impact of ($60,000)*. The motion was passed with one opposing vote. *(This would be an addition to the 2009 Operating Budget Request. The net income of the 2009 Operating Budget would be $105,188)


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Addendum II CCIM Bylaws ARTICLE III MEMBERS

SECTION 1. CLASSES OF MEMBERSHIP The Institute shall have eleven classes of members:

1.1 Active

1.2 Life

1.3 Candidates 1.4 Professional Assistant 1.5 Associate 1.6 NAR Associate Member 1.7 Organizational Affiliate Member 1.8 International Member 1.9 Student Member 1.10 Academic-Faculty Member 1.11 Government Member

SECTION 2. ACTIVE Active membership may be granted by the majority vote of the Board of Directors to an individual who:

2.1 Holds, in accordance with the regulation adopted by the Board of Directors, some form of membership in a member board of the NATIONAL ASSOCIATION OF REALTORS®, or, if no such form of membership is available to the individual, an Institute affiliate membership in the NATIONAL ASSOCIATION OF REALTORS®;

2.2 Subscribes to the Institute Bylaws, NATIONAL ASSOCIATION OF REALTORS® Constitution and Bylaws and

the regulations and policies of the Institute; and 2.3 Meets other such requirements as may be established by the Board of Directors and which are not inconsistent with

these Bylaws. SECTION 3. LIFE Life membership may be granted by the Board of Directors to those Active members who meet such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws. 3.1 Past Presidents: Individuals who has previously held the position of President of the CCIM Institute shall be granted

life membership by the Board of Directors. 3.2 Retired Members: An individual who has reached age 60, been an active member for at least 15 years, and is no

longer active in the real estate industry and no longer holds a real estate license may be granted a retired membership under the life category.

SECTION 4. CANDIDATES


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Candidates for the CCIM designation shall be non-voting members of the Institute subject to such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws.

4.1 Individuals may be granted Candidate status for Active membership upon written application and the determination and as directed by and in accordance with such procedures as may be adopted by the Board of Directors.

4.2 Fast Track Candidacy may be granted by the Board of Directors to real estate professionals with preeminent and

approved real estate designations or graduates of university masters programs approved by the CCIM Institute. SECTION 5. PROFESSIONAL ASSISTANT MEMBER Professional Assistant membership may be granted by the Institute’s Executive Vice President to an individual employed by a CCIM designee or candidate. Professional Assistants shall not have the right to vote, to hold office in the Institute or to hold the designation and are subject to such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws. SECTION 6. ASSOCIATE MEMBER Associate membership may be granted by the Institute’s Executive Vice President to an individual who is not an Active member or a Candidate, but has an interest in or is active in the commercial investment real estate industry. Associates shall not have the right to vote, to hold office in the Institute or to hold the designation and are subject to such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws. SECTION 7. NAR ASSOCIATE MEMBER NAR Associate membership may be granted by the Institute’s Executive Vice President to a member of the National Association of REALTORS® and is not an Active member of the Institute or a Candidate. NAR Associates shall not have the right to vote, to hold office in the Institute or to hold the designation and are subject to such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws. SECTION 8. ORGANIZATIONAL AFFILIATE MEMBER Organizational Affiliate membership may be granted by the Institute’s Executive Vice President to an individual who belongs to an organization that has affiliated with the CCIM Institute and is not an Active member or Candidate. Organizational Affiliates shall not have the right to vote, to hold office in the Institute or to hold the designation and are subject to such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws. SECTION 9: INTERNATIONAL MEMBER An international member is defined as an active or candidate member who has continuously resided outside the United States for at least the nine months immediately prior to international membership application.

9.1 Active International Member: An International Active Member shall meet the active membership requirements specified in these bylaws and be granted active status by the Board of Directors. Active International Members shall have the right to vote and to hold office in the Institute, subject to the provisions of these bylaws.

9.2 Candidate International Member: A Candidate International Member shall meet the candidate membership requirements and follow the candidate membership application procedures specified in these bylaws. A Candidate International Member shall be a non-voting member of the Institute.

SECTION 10. STUDENT MEMBER A student member is defined as a full-time undergraduate or graduate student of an accredited college or university or related program. Student members shall not have the right to vote, to hold office in the Institute or to hold the designation and are subject to such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws. SECTION 11. ACADEMIC-FACULTY MEMBER An academic-faculty member is defined as a full-time college, community college, or university professor involved with the commercial real estate industry. Academic-faculty members shall not have the right to vote, to hold office in the Institute or to hold the designation and are subject to such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws.


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SECTION 12. GOVERNMENT MEMBER A government member is defined as an individual working for a government. Government members shall not have the right to vote, to hold office in the Institute or to hold the designation and are subject to such requirements as may be established by the Board of Directors and which are not inconsistent with these Bylaws. SECTION 13. NON-MEMBER STATUS From time to time the Board of Directors, consistent with these Bylaws and the policies, procedures and regulations of the Institute may establish various categories of Non-member status for participation in Institute activities and programs. Such Non-members shall have such rights and responsibilities as may be established in accordance with regulations established by the Board of Directors of the Institute; except that individuals holding Non-member status shall not have the right to vote, to hold office in the Institute or to hold the designation. SECTION 14. RIGHTS AND RESPONSIBILITIES OF MEMBERS Members of the Institute shall have such rights and responsibilities as may be approved from time to time by the Board of Directors. Use of the designation shall only be in compliance with such regulations as may be adopted by the Board of Directors of the Institute. SECTION 15. DURATION OF MEMBERSHIP OR STATUS AND RESIGNATION Membership or status in the Institute may terminate by voluntary withdrawal or otherwise in accordance with these Bylaws and regulations as may be adopted by the Board of Directors. All rights, privileges, and interests of a member or individual holding Non-member status in or to the Institute, including use of designations or other recognition, shall cease upon the termination of membership or such status. Upon notice of such intention to withdraw to the Executive Vice President, any member or individual holding a Non-member status may withdraw from membership or such status. Withdrawals shall be effective only upon fulfillment of all financial obligations to the last day of the current fiscal year. SECTION 16. SUSPENSION AND EXPULSION

16.1 FOR CAUSE: Any membership or status may be suspended or terminated for cause. Sufficient cause for suspension or termination of membership or status shall be a violation of the Bylaws, regulations or any lawful rule or practice duly adopted by the Institute or any other conduct prejudicial to the best interests of the Institute or as provided in Section 8.2 of these Bylaws. Upon the decision of the Professional Standards Committee or, if that decision should be appealed, the completion of the appeal process before the Executive Committee, suspension or expulsion shall become effective in accordance with regulations adopted by the Board of Directors. In addition, other forms of discipline other than suspension or expulsion may be applied in accordance with regulations as may be established by the Board of Directors.

16 .2 CRIMINAL AND OTHER INAPPROPRIATE ACTIVITIES: Upon the presentation of sufficient evidence

to the Professional Standards Committee, any member shall be subject to disciplinary action if:

16.2.1 S/he has been convicted of a felony or other crime or misdemeanor involving moral turpitude; or

16.2.2 S/he is declared by a court of competent jurisdiction or a state regulatory agency to have committed any fraud or felony or pleaded nolo contend ere; or

16.2.3 S/he is declared by any court of jurisdiction to be mentally incompetent.

16.3 A member may be terminated or suspended for inappropriate use of the CCIM trademark, designation and logo.

16.4 Upon termination or suspension of membership pursuant to this clause or for any other reason provided for in these Bylaws, the terminated or suspended member shall lose all rights to the use of the designation CCIM and shall forthwith cease using that designation.


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SECTION 17. REINSTATEMENT Reinstatement to membership or Non-member status shall be in accordance with such regulations as the Board of Directors may adopt from time to time.

ARTICLE VII

OFFICERS SECTION 4. FIRST VICE PRESIDENT The First Vice President shall be elected annually by the Board of Directors. Ballots shall be sent to all Directors in a manner provided for by the Governance Committee. Each Director shall be entitled to one vote for First Vice President. The election shall be held using a voting system which shall be approved by the Governance Committee. The First Vice President shall assist the President and the President-Elect in the discharge of their duties as the President or President-Elect may direct and shall perform such other duties as from time to time may be assigned by the President or by the Board of Directors. In the absence of, or the inability or the refusal of, the President-Elect to act, or in the event the President-Elect succeeds to the office of President because of the President's absence or inability or refusal to serve, the First Vice President shall perform the duties of the President-Elect and when so acting shall have all the powers of and be subject to all of the restrictions upon the President-Elect. The First Vice President shall serve as an ex-officio member of all Institute Committees. The First Vice President shall also serve as ex-officio on the Board of Directors and the Executive Committee of the Institute. The First Vice President shall automatically succeed to the office of President-Elect. SECTION 6. TREASURER-ELECT The Treasurer-Elect shall be elected annually by the Board of Directors. Ballots shall be sent to all Directors in a manner provided for by the Board of Directors. Each Director shall be entitled to one vote for Treasurer-Elect. The election shall be held using a voting system which shall be approved by the Governance Committee. The Treasurer-Elect shall assist the Treasurer in the discharge of the Treasurer's duties as the Treasurer may direct and shall perform such other duties as from time to time may be assigned by the Treasurer or by the Board of Directors. In the absence of or the Treasurer's inability or refusal to act, the Treasurer-Elect shall perform the duties of the Treasurer and when so acting shall have all of the powers of and be subject to all of the restrictions upon the Treasurer. The Treasurer-Elect shall serve ex officio as Vice Chairman of the Budget Committee. The Treasurer-Elect shall also serve ex officio, non-voting as a member of the Board of Directors.

ARTICLE VIII COMMITTEES

SECTION 1. EXECUTIVE COMMITTEE

1.1 COMPOSITION: The Executive Committee shall consist of the President, President-Elect, First Vice President, Treasurer, Immediate Past President, eight members elected by the Board of Directors from among its membership for staggered two-year terms and the Presidential Liaisons as ex officio, non-voting members. The Chair of the Governance Committee shall serve as ex-officio, non-voting members of the Executive Committee. The Executive Vice President and the Institute representative to the NATIONAL ASSOCIATION OF REALTORS® Executive Committee shall serve ex officio, without vote, as members of the Executive Committee.

1.2 DUTIES: Except as to actions specifically stated in these Bylaws or by law to require approval of or to be taken by

the Board of Directors, the Executive Committee shall have all of the power of the Board of Directors between meetings of the Board of Directors. If the Board of Directors has adopted a policy, procedure or regulation or issued instructions with reference to any matter, the actions of the Executive Committee shall be in conformity with such policy, procedure, regulation or instructions. The Executive Committee shall report its actions as appropriate to the Board of Directors.

1.3 MEETINGS: The Executive Committee shall meet upon the call of the President or any five Executive Committee

members, stating the time and place of the meeting. A majority of the then members of the Executive Committee shall constitute a quorum.


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1.4 ELECTIONS: The Board of Directors shall elect each year from among its membership four Directors to serve on

the Executive Committee for two years or until their successors are elected. The election of the Executive Committee shall be held prior to the annual meeting of the membership. Ballots shall be sent to all Directors in a manner provided for by the Governance Committee. Each Director shall be entitled to one vote for each position open for election. The election shall be held using a voting system which shall be approved by the Governance Committee. If all open positions are unable to be filled because of a tie a new ballot shall be held for those tied.

1.5 VACANCIES: Any vacancy occurring among the Executive Committee members elected from among the Board of

Directors shall be filled in the same manner in which the position was originally filled in accordance with these Bylaws and as may be provided for by the Board of Directors. Such member of the Executive Committee elected to fill such a vacancy shall serve for the unexpired term of the predecessor or until a successor is duly elected and qualified.

SECTION 2. GOVERNANCE COMMITTEE

2.1 COMPOSITION: The Governance Committee shall consist of the Immediate Past President of the Institute, the Past President of the Institute once removed, the President-Elect of the Institute, the First Vice President and six Active or Life members appointed by Executive Committee. A member of the Governance Committee shall resign from the Governance Committee when running for an elected office. The Chair and the Vice Chair shall be appointed by the Executive Committee. The Chair of the Governance Committee shall serve as an ex-officio, non-voting member of the Executive Committee.

2.2 NOMINATIONS FOR FIRST VICE PRESIDENT: The Governance Committee shall post the name of at least

one nominee for the office of First Vice President for the coming year at least one week prior to ballots being sent to Directors. Each nominee for First Vice President must be an Active or Life member in good standing. Names in addition to those nominated by the Governance Committee may be placed in nomination by petition for the First Vice President at such meeting, provided, however, that no nomination will be accepted by petition unless that person has previously been submitted by an Active or Life member to the Governance Committee for consideration. Applications for the office of First Vice President must be received in the Chicago Headquarters Office on or before January 4 of the year in which the election is to occur. Consistent with the procedures above, any nomination by petition for the office of First Vice President must be endorsed by at least ten members of the Board of Directors; no Director shall endorse more than one nominee's written candidacy for any office. Nominations by petition must be submitted to the Chicago Headquarters office at least two weeks prior to ballots being sent to the voting members.

2.3. NOMINATIONS FOR TREASURER-ELECT. The Governance Committee shall post the name of at

least one nominee for the office of Treasurer-Elect for the coming year at least one week prior to ballots being sent to Directors. Each nominee for Treasurer-Elect must be an Active or Life member in good standing. Names in addition to those nominated by the Governance Committee may be placed in nomination by petition for the Treasurer-Elect, provided, however, that no nomination will be accepted by petition unless that person has previously been submitted by an Active or Life member to the Governance Committee for consideration. Applications for the office of Treasurer-Elect must be received in the Chicago Headquarters Office on or before January 4 of the year in which the election is to occur, unless this provision is temporarily suspended by a 2/3 vote of the Board of Directors. Consistent with the procedures above, any nomination by petition for the office of Treasurer-Elect must be endorsed by at least ten members of the Board of Directors; no Director shall endorse more than one nominee's written candidacy for any office.

2.4 NOMINATIONS FOR EXECUTIVE COMMITTEE: The Governance Committee shall post the names of at

least four nominees from among the Board of Directors for two-year terms to the Executive Committee and such others as may be necessary to fill any vacancies, at least one week prior to ballots being sent to Directors. Each nominee must be an Active or Life member in good standing. Names in addition to those nominated by the Governance Committee may be placed in nomination by petition, provided, however, that no nomination may be made by the Governance Committee nor will be accepted by petition unless that person has previously submitted to the Governance Committee for consideration a completed application no more than forty-five (45) days after the close of the prior Board of Directors Meeting, unless this provision is temporarily suspended by a 2/3 vote of the Board of Directors. Any nomination by petition for the office of Executive Committee member must be


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accompanied by a written endorsement signed by at least three members of the Board of Directors no Director shall endorse more than one nominee's written candidacy for any office. Nominations by petition must be submitted to the Chicago Headquarters office at least two weeks prior to ballots being sent to the voting members.

2.5 NOMINATIONS FOR BOARD OF DIRECTORS: The Governance Committee shall post the names of at least

sixteen nominees for three-year terms to the Board of Directors and such others necessary to fill any vacancies at least one week prior to ballots being sent to the voting members. Each nominee for Director must be an Active or Life member in good standing. Names in addition to those nominated by the Governance Committee may be placed in nomination by petition for the office of Director at such meeting, provided, however, that no nomination may be made by the Governance Committee nor will be accepted by petition unless that person has previously submitted to the Governance Committee for consideration a completed application no more than forty-five (45) days after the close of the prior Board of Directors Meeting. Any nomination by petition for the office of Director must be accompanied by a written endorsement signed by at least ten Active or Life members; no Active or Life member shall endorse more than one nominee's written candidacy. Nominations by petition must be submitted to the Chicago Headquarters office at least two weeks prior to ballots being sent to the voting members.

2.6 DUTIES: The Governance Committee is the guardian of the election and appointive process. The committee shall

develop candidate qualification criteria; identify, recruit and interview qualified candidates from amongst the membership for elective and appointive office; propose a slate of candidate(s) for each elective governance position; approve election processes, procedures and controls; and administer the election process in accordance with the Bylaws. In addition, the committee assists in developing the Board, e.g. conducting the annual orientation; makes recommendations on the roles and responsibilities of the Board; educates Board members on issues pertinent to Board service; evaluates the Board’s effectiveness; and reviews recommended revisions to the CCIM Institute Bylaws.

2.7 MEETINGS: The Governance Committee shall act in accordance with such regulations as may be established by the Board of Directors of the Institute. The Governance Committee shall report as appropriate to the Board of Directors.

SECTION 3. MANAGEMENT TEAM

3.1 COMPOSITION: There shall be a committee entitled The Management Team, which shall consist of the President,

President-Elect, First Vice President, Treasurer, and the Executive Vice President.

3.2 DUTIES: Except as to actions specifically stated in these Bylaws or by law to require approval of or to be taken by the Board of Directors or by the Executive Committee, the Management Team shall have the authority to make operational decisions for the Institute between meetings of the Executive Committee. This authority shall be limited to operational decisions or capital expenditures that create financial obligations or liabilities not in excess of $25,000; anything above that amount would require a majority vote of the Executive Committee for approval. The Management Team shall report its actions as appropriate to the Executive Committee. If the Board of Directors has adopted a policy, procedure or regulation or issued instructions with reference to any matter, the actions of the Management Team shall be in conformity with such policy, procedure, regulation or instructions.

3.3 MEETINGS: The Management Team shall meet upon the call of the President, stating the time and place of the

meeting. A majority of the then members of the Management Team shall constitute a quorum. SECTION 4. FINANCE COMMITTEE

4.1 COMPOSITION: The Finance Committee shall consist of the Treasurer/Chairman, Treasurer-Elect,/Vice Chairman, Immediate Past Treasurer, the President and President-Elect Liaisons as ex officio non-voting members; a representative from the Society of Fellows (optional) and four at-large members serving staggered two-year terms. The Audit Committee Chairman and the Chief Financial Officer will serve as an ex official non-voting member.


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4.2 DUTIES: To review, debate, and make its recommendations to the Institute’s annual budget and operating plans all of which shall be recommended in accordance with the Institute’s Reserve Policy and the Institute’s Strategic Plan. To review monthly the Institute’s financial statements as compared to budget and report major concerns. To review the Institute’s Reserve and Investment Policies and recommend any needed changes.

4.3 MEETINGS: The Finance Committee shall meet upon the call of the Treasurer/Chairman, stating the time and

place of the meeting. A majority of the members of the Finance Committee shall constitute a quorum.


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Addendum III CCIMNeXt Business Plan

2008-2009 Business Plan CCIM INSTITUTE

Date: September 26, 2008

Committee Chairman: Frank Simpson, CCIM & Jay Lucas, CCIM Presidential Liaison: Frank Simpson, CCIM, 2008 Presidential Liaison & Karl Landreneau,

CCIM, 2009 Presidential Liaison Staff Liaison: Steve Stern, Chief Technology Officer & RJ Sirois, Senior Director of

Communications Project Name: CCIMNeXt Project Type: X Cost Recovery (Precovery) Other

Source of Funds: X Operating Budget X Development If Development, indicate % below

Education % General %

Financial Alternatives: 1) Extend existing LoopNet contract on a short term basis at approximately half the cost. However, this does not take into consideration the integration of STDB, Education and other tools and services. In addition, the Institute does not own or control the LoopNet service. The short term nature of the contract and any extensions does not assure the long term viability of the member benefit nor its costs. 2) Alternative bids were solicited from other vendors. However, the selection work group felt ESRI was the most suitable and cost effective vendor. The Executive Committee approved the ESRI contract subject to final CCIM Board of Director approval (with option to cancel with penalty). 3) The CCIMNet member benefit could be eliminated at a projected cost savings of approximately $1,350,000 in the 2009 budget. However, this is considered a valuable member benefit and the result of terminating the benefit could be a substantial loss of membership.

Detailed Description/ Use of Funds:

Approve utilizing $1,529,091 from Developmental Reserves; (a) for up to $629,090 for capital development relationship costs with vendors and the user databases, start-up costs and (b) approximately $900,000 for the ESRI contract.

Through August 2008, $1,174,705 has been accrued in the developmental reserves due to the cost savings realized in the CCIMNet member benefit and related sources of revenue less the costs to date associated with Loopnet as well as all legal fees and predevelopment costs of CCIMNext. By December 31, 2008, this number will be approximately $1,530,000. The ESRI contract is for 20 years to create, manage and maintain portions of the platform. The contract has early termination provisions, exclusivity provisions, portability provisions and includes integration with STDB. The


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CCIM Management Team and Executive Committee authorized the approval of this contract noting the ability to cancel with penalty.

ESRI is a $700 million dollar multi-national GIS company with existing relationships with STDB Inc. and the CCIM education initiatives. ESRI’s Professional Services team will create, maintain and host the information exchange portal using ESRI’s ArcGIS Online, a family of web-based products and services that provides GIS functionality, analysis and data that can be easily integrated into other online, desktop and enterprise systems. History In October 2007, the CIE Taskforce was authorized to engage MindMatrix, Inc., as a third party consultant, to develop a written software and architecture specification for the “CCIMNeXt Platform”, which is, in part, a vendor-neutral database for property data, a private search system for users, a platform to exchange data with other services that list properties (e.g., TotalCommercial, ePropertyData, LoopNet), provide marketing services (e.g., PropertyLine, MindMatrix) and provide demographic, GIS, and analytic services (e.g., Site To Do Business). In early June 2008, a Request For Proposal to build the specified “CCIMNeXt Platform” was submitted to:

• Argus Software • ePropertyData • ESRI • LoopNet • MindMatrix • Optimize Consulting Group • PropertyLine • USourceIT

Proposals were received from ePropertyData, ESRI, Optimize Consulting Group/Varsun, and USourceIT/INTEQ. The taskforce met on June 30, 2008 to establish parameters for the review of proposals and interviewed each of the respondents on July 1. June 30 discussions:

Review the process, to date. Review all bids. Confirm the CCIM Institute view of the vision and mission of the CCIMNeXt platform. Develop a list of general questions and specific concerns for each respondent. Review budget, CCIMNet segregated reserves Discuss operational issues (e.g., operate in-house, as part of STDB, new model, customer service, etc.) List deal breakers – failures that rule out a vendor:


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• Integration with STDB • Exclusivity – they will not sell the application to anyone else • Ownership – we can take our ball and go home • Single sign on – no re-logins when transferring among

“CCIM family” sites. • Customization • Financial strength, staffing, expertise • Timing – must be able to stand up an application to meet our

timeline • Use of OSCRE standards

July 1, 2008 interviews:

1. USourceIT/INTEQ 2. ePropertyData 3. OptimizeCG/Varsun 4. ESRI.

Actions After the interviews, the workgroup reported on the results of the interviews and the Executive Committee unanimously approved the following motion: That the CCIM Management Team be authorized to negotiate and enter into a contract with ESRI to build the “CCIMNeXt platform”, at a cost not to exceed $1,000,000; and enter into a maintenance agreement with ESRI not to exceed $500,000 in the first year, plus inflationary adjustments annually thereafter. The CIE Taskforce also recommends that the CCIM Executive Committee direct the Taskforce to continue its work, completing the following by the end of 2008:

• Develop business rules – rules for exchanging data with 3rd party providers, revenue sharing, key performance indicators, etc.

• Negotiate with vendors and partners to provide and accept the critical value added services on the data exchange (e.g., LoopNet, Property Line, TotalCommercial, franchises, networks, stakeholder groups, etc.)

• Report on integration costs for STDB. • Develop a recommendation for the ongoing operation of the

CCIMNeXt platform, including how it will be hosted and supported, and by whom it will be managed.

• Develop a recommendation for the creation and operation of an Advisory Board and governance of the platform, including a) the initial creation of the platform (including third party consultant(s), volunteer direction and b) the ongoing operations of the platform.

• Develop recommendations for the marketing and rollout of the system and the initial and ongoing training for members.


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• Develop a business plan for the economics of the operation of the CCIMNeXt platform.

• To authorize the creation of a new for profit entity (name to be determined at later date by a new Interim Board of Directors) whose Bylaws would be modeled after STDB, Inc., and with an authorization to reallocate approximately $1,200,000 in the proposed 2009 operating budget from CCIMNet to said entity. Specific details on the use of these funds will be shared with the Institute Board of Directors in the near future after the Board of the new entity is created.

This shall be a for-profit corporation with advice from legal and tax counsel as to the appropriate corporate form (LLC, C. Corporation or other).

There will be an interim appointed board of directors comprised of 9 people: the CEO of the CCIM Institute, the President/CEO of STDB, Inc., the CTO of the CCIM Institute, the 2009 First Vice President of the CCIM Institute, the to-be-hired COO of the new entity, two representatives of the 2009 Board of Directors of STDB, Inc. appointed by the same body, and two representatives of the expanded CCIMNext taskforce appointed by the CCIM Management team.

The Interim Board of Directors would act in an interim capacity to establish bylaws for the company, hire a COO, to determine a budget, negotiate contractual relationships with vendors, and establish a governance structure and proposal for how the company would be managed and operated. This would include staffing. The Interim Board of Directors will report to CCIM Institute Board of Directors for approval on or before the April 2009 annual


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business meetings with bylaws and proposed contract between the CCIM Institute and the new company,

There would be a transition during 2009 of the interim board to an elected board structure modeled after STDB, Inc.’s governance structure.

This entity would be a wholly owned subsidiary of the CCIM Institute and any stock sales would be subject to the CCIM Institute Board of Directors approval.

Performance Measures:

I. Minimum of Five (5) local and/or national CIE relationships at launch

II. Minimum of Four (4) Vendor Relationships at launch III. Minimum of 35,000 Data Records at launch IV. 3500 CCIM members utilizing system within 12

months

Anticipated Lifespan: Up to 20 years. The CCIMNet benefit has been in existence for over 12 years and this business plan will extend its lifespan and the contract will allow for this term.

Budget Detail (itemize all):

$1,529,091 from Developmental Reserves; (a) for up to $629,090 for capital development relationship costs with vendors and the user databases and (b) approximately $900,000 for the ESRI contract. There is approximately $1,325,000 in the proposed 2009 budget for CCIMNet. It is proposed that $1,200,000 of this amount would be allocated to the new entity and that this amount would be based on the number of members of the CCIM Institute and adjusted annually. Said entity’s proposed Board of Directors and to-be-hired COO will outline in detail a proposed budget to operate the company.


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Benefits: • It maintains the current, valuable, member benefit.

• It also has the potential to be a revenue generator for the company and potentially the Institute.

• CCIM members benefit from a property platform that offers GIS functionality, rich datasets, analytics, intelligent mapping and intuitive financial and site evaluation tools.

• CCIM Members can access detailed property information and seamlessly integrate and repurpose the data into property analysis software and marketing tools.

• The new platform is the first of its kind and gives CCIM members a competitive edge in the marketplace.

Start Date: October 16, 2008 End Date: Anticipated minimum lifespan of 20 years

Developmentl Cost Recovery Plan:

The monies for the initial capital outlay have already been “pre- captured”.

DevelopmentlCost Recovery Schedule:

Completed.

Project Alternatives: 1) Extend existing LoopNet Contract on a short term basis, at approximately half the cost. However, it does not take into consideration the integration of STDB, Education and other tools and services. In addition, the Institute does not own or control the LoopNet service. The short term nature of the contract and any extensions does not assure the long term viability of the member benefit nor its costs. 2) Alternative bids were solicited from other vendors. However, the selection work group felt ESRI was the most suitable and cost effective vendor. The CCIM Executive Committee approved the ESRI contract subject to final Board approval (with option to cancel with penalty).

3) The CCIMNet member benefit could be eliminated at a projected cost savings of approximately $1,350,000 in the 2009 budget. However, this is considered a valuable member benefit and the result of terminating the benefit could result in a substantial loss of membership.

Budget Committee: Approved Denied

Date __/__/__ Tracking #


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Executive Committee: Approved Denied

Date __/__/__

Board of Directors:

Approved

Denied

Date __/__/__


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Addendum IV Governance and Operational Guidelines Robert L. Ward Center for Real Estate Studies 2009 Overview The Robert L. Ward Center for Real Estate Studies (hereafter referred to as the Ward Center) was formed in 2007 to provide advanced and continuing education to CCIM Institute members and non‐ members on relevant and timely topics in the commercial real estate industry. The Ward Center program supports the objectives established in the CCIM Institute’s strategic plan, attracts new participants to the designation program, encourages Chapter participation, and enhances the value of the designation. Mission Statement Our mission is to create a market‐driven, hard‐hitting, flexible curriculum to meet the needs of commercial real estate professionals. 1. Course Offerings 1.1. Introduction Ward Center courses are designed and delivered by or with input from CCIM members as well as by independent vendors. The Ward Center processes for new course development, new course submission, existing course redesign, and existing course maintenance are discussed in the following content. 1.2. Course Offering Related Duties and Responsibilities The Ward Center Curriculum Workgroup and Ward Center Staff collaborate to develop advanced education based on the following guidelines: 1.2.1. Ward Center Curriculum Workgroup The Ward Center Curriculum Workgroup (Curriculum Workgroup) consists of three Ward Center Committee members who serve in this capacity for one year. The Curriculum Workgroup advises in the determination of Ward Center course offerings, provides subject matter expertise to evaluate course content, and reaches out to chapters in promotion of Ward Center course offerings. 1.2.2. Ward Center Staff Ward Center Staff, currently the director and two instructional designers, initiate course offerings, provide logistics, administration, development expertise, and maintenance of Ward Center courses.

1.2.2.1. The Director oversees Ward Center operations, provides guidance to personnel, and acts as lead liaison with Curriculum Workgroup and CCIM members.

1.2.2.2. Instructional Designers work with Director, CCIM members, subject matter experts, and independent vendors in the design, development, and production of course offerings. Ward Center Staff draws on membership expertise for content and applies instructional design expertise to ensure succinct content and measurable outcomes. Instructional designers provide support to Curriculum Workgroup in developing course and learning objectives.

1.3. Course Offerings – Submission & Review The offerings of new courses, and redesign or revision of existing courses, may be initiated through the


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Ward Center by communicating with Ward Center Staff, Ward Center Committee, and/ or Ward Center Curriculum Workgroup members, CCIM staff. Such communications include feedback and ideas from members, instructors, course participants, internal surveys, and third‐party vendors.

1.3.1. The course initiation and development process is summarized in Flowchart 1: Course Initiation/Submission/Development Process

1.3.2. New course offerings and initiatives will typically be generated by the Ward Center Committee, Ward Center Curriculum Workgroup, Ward Center Staff, CCIM members, CCIM staff.

1.4. Flowchart 1: Course Initiation/Submission/Development Process The Ward Center Committee may, at its discretion, depart from this guideline. Meeting CCIM Institute needs for market‐driven, high‐value, timely educational programs is the guiding principle in the course development process.

1.5. Third-Party Vendors


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1.5.1. Professionals outside of CCIM as well as CCIM members interested in offering their already developed course through the Ward Center may submit their interest by contacting the Ward Center.

1.5.2. The third party will typically submit course‐related materials for review as applicable and/or available. Suggested documentation may include any of the following:

Resume with contact information, nature of business, recent business activity Course Information (suggest using Appendix A: Request for Information as a guide for obtaining basic course information). 5‐ 15 minute video clip demonstrating delivery Link to webinar

1.5.3. Ward Center staff and others as applicable will hold an Initial Review, typically a presentation made by the third party, to discuss the proposed course offering.

1.5.4. Ward Center Staff and Curriculum Workgroup will deliberate on the new course offering to determine whether or not the course should be pursued and if additional information or research is needed prior to making final decision.

1.5.5. Ward Center staff will communicate decisions to the interested party. 1.5.6. Ward Center staff and Curriculum Workgroup may replicate submitted materials for

review purposes. 1.5.7. The expected timeframe for the process from submittal of proposal (of already

developed courses) to final determination shall not exceed 45 days. 1.5.8. A proposed course that is approved for further consideration is reviewed more

thoroughly by the Ward Center Staff and Curriculum Workgroup for content accuracy, relevance, as well as the fit into all CCIM Institute course offerings (Appendix B: Sample Questions for Course Evaluation).

1.5.9. Ward Center Staff manages course‐related logistics including communications, scheduling, marketing , contractual responsibilities, and financial issues among others as required.

1.6. New Course/Topic 1.6.1. When applicable, Ward Center staff will research proposed course topics and vendors as

potential options and communicate findings to Workgroup for consideration. 1.6.2. Staff completes Request for Information (Appendix A) and sends out to parties external

to the Ward Center and evaluates possible In‐House Development. 1.6.3. External interests follow Third Party process. 1.6.4. Ward Center development follows In‐House Development process.

1.7. In-House Development

1.7.1. The In‐House Development process includes development of new courses, redesign and revision of existing courses.

1.7.2. Ward Center Staff collaborates with Curriculum Workgroup on course design and to procure a Subject Matter Expert (SME). The SME may be internal to CCIM or external as deemed appropriate for subject matter (see Instructor Recruitment and Training section).

1.7.3. Ward Center Staff collaborates with contracted SME on development of course material, deliverable dates, material reviews, and other related logistics.

1.7.4. Ward Center Curriculum Workgroup reviews course materials and provides feedback to Ward Center Staff.

1.7.5. Ward Center Staff leads the course development process and related logistics. 1.7.6. Existing Courses – Review and Redesign

1.7.6.1. Existing courses undergo periodic reviews by Ward Center Staff and Curriculum Workgroup to remain current on topics, law changes, and market


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changes; or determine to sunset (terminate) the course. 1.7.6.2. Revisions that require updating concepts, activities, and statistics are to

involve collaboration of instructor/ SME, WC Curriculum Workgroup, Ward Center Staff, and CCIM liaison.

1.7.6.3. The review and redesign process follows the in‐house development process. 1.7.7. Existing Courses– Revisions

1.7.7.1. Course content revisions are made by Ward Center Staff and reviewed by the Curriculum Workgroup via use of electronic documents that records scheduled changes.

1.7.7.2. Ward Center Staff (course administrator) maintains a log of proposed edits to be made to course documents between course offerings.

1.7.7.3. Minor editorial changes such as grammar, spelling, names, etc. that do not require concept or activity rewrite will be made by Ward Center Staff.

1.8. Appendix A: Request for Information Description: The following table is a guideline for desired information when the Ward Center seeks third‐party courses as well as a guide for initial course review. Request for Information On Proposed Course Course Owner Information: Name e‐mail Company Address

Phone FAX Resume ___ provided ____ not provided ___requested Course Information: Course Title Course Description

Course Goals Target Audience Course Length (in hours)

Course Objectives

Delivery method(s) ___ Classroom Presentation ___ Classroom Workshop ___Web Based Presentation ___ Web Based Self Directed ___ Other (please specify)


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Course Information: Prerequisite Knowledge/Skills or Experience Level

Course delivered? In the past 12 months? If so, where?

Course slated for delivery? In the upcoming 12 months? If so, where? Instructor/participant ratio Required Resources

Evaluation Method Currently using an evaluation method for course? If so, please explain briefly.

Pricing

Course Materials Submitted? Course syllabus/ outline Samples of course materials Participant guide showing content / activities Instructor guide Visual aids CD/DVD with sample materials Video clip

1.9. Appendix B: Sample Questions for Course Evaluation Description: The following table contains sample questions to use in evaluating the proposed course addressing content accuracy, relevancy, and fit with current and future CCIM Institute courses.

Accep

table

Marginal

Unaccep

table

Commen

ts

Score

2 1 0 Subject Matter

Duplicate any current Ward Center courses? CCIM courses?

What is potential fit with future CCIM, Ward Center courses?

Concepts Is content reflective of CCIM concepts?

Relevant to today’s business environment?


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Accep

table

Marginal

Unaccep

table

Commen

ts

Score

2 1 0 Tools used Is technology used current? Does technology used align with CCIM, R.L. Ward Center?

Facilitation Methods Does the course delivery include sufficient visual aids?

Does the course delivery use sufficient printed materials?

Does the course delivery use interactive activities?

Does the predominant content delivery style suit the course length?

Length of Proposed Course Is course timeframe appropriate for the amount of content/activities?

Is there flexibility in course content to chunk into various time lengths?

Costs to CCIM What is the range of delivery costs? What other expenses might be required?

2. Facilitation and Delivery Guidelines 2.1. Roles The roles of the Ward Center Facilitation and Delivery Workgroup, Ward Center Staff and Ward Center Instructors courses are as follow: 2.1.1. Ward Center Instructor Workgroup The Ward Center Facilitation and Delivery Workgroup (F & D Workgroup) consists of three Ward Center Committee members who serve in this additional capacity for one year. The instructor workgroup recruits, evaluates, and selects Instructors for courses offered by the Ward Center. 2.1.2. Ward Center Staff Ward Center Staff initiate, administer, and document the Instructor recruitment, selection and retention processes to ensure the F & D Workgroup has all information needed to complete its goals in a timely and effective manner. 2.1.3. Ward Center Instructors An Instructor must be able to teach the course, have a proven understanding of the subject matter and course content, strong communication skills, and a facility with the mode of delivery used for the


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course. 2.1.4. Ward Center Facilitators A Facilitator must be able be able to answer participant questions and assist them in course exercises, have a proven understanding of the subject matter and course content, strong communication skills, and be proficient in the mode of delivery used for the course. 2.1.5. Third-Party Instructors The recruitment, training, management, and training of Instructors used in courses conducted by third‐ parties are the responsibility of that third party. The F&D Workgroup will review the performance of third‐party Instructors and reserves the right to deny the Instructor permission to teach under the auspices of CCIM when they do not meet CCIM Instructor standards. 2.2. Responsibilities 2.2.1. Instructor Responsibilities

2.2.1.1. Make use of materials provided for course including timed outlines, visual aids, exercises, case studies, participant guides, and assessments.

2.2.1.2. Conform to the course timeline, to ensure that sufficient time is spent on all activities, particularly workshop exercises and case studies.

2.2.1.3. Help critique the program, communicating participant comments to the Ward Center.

2.2.1.4. Help other Instructors and Facilitators. 2.2.1.5. Help with on‐site administration duties, as necessary. 2.2.1.6. Be conversant in CCIM Education and Designation program and Ward Center

offerings. 2.2.1.7. Be competent in the care and use of audio/visual equipment and media used

in CCIM Education programs. 2.2.1.8. Refrain from personal or commercial solicitation to attendees at CCIM

courses. Solicitation is meant to include any promotion from the platform, distribution of promotional materials in the classroom or solicitation of attendees by use of participant lists. No printed or illustrative materials shall be tendered by the speaker except that which has direct bearing on the subject. Introductions should be limited to name, professional accomplishments in organized real estate, company, and geographical location.

2.2.1.9. Be aware that all CCIM Institute course materials are copyrighted. No portion of them may be reproduced for use outside the CCIM Institute in any form, whether printed or electronic, without express permissions of the CCIM Institute. Request for permission to reprint course materials should be made in writing to the Vice President of Education, and should include the purpose for which the reprint is intended.

2.2.1.10. Participate promptly and actively in post‐session activities, such as message‐ boards or homework, when applicable. (Time spent executing in post‐session webinar activities will be compensated.)

2.2.2. Facilitator Responsibilities

2.2.2.1. Facilitate small‐group breakout sessions to ensure participants understand and remain focused on the objectives and are able to keep up with the flow of class.

2.2.2.2. Assist participants in hands‐on exercises and case studies to ensure all


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participants can keep up with the flow of class. 2.2.2.3. Solicit Instructor or outside assistance as necessary to answer questions and

resolve issues in a timely manner. 2.2.2.4. Relay comments from participants about the program or course material to

the Instructor. 2.2.2.5. Be competent in the care and use of audio‐visual equipment and media used

in CCIM Education programs. 2.2.2.6. Help with on‐site administration duties, as necessary. 2.2.2.7. Be conversant in CCIM Education and Designation program and Ward Center

offerings. 2.2.2.8. Refrain from personal or commercial solicitations to attendees at CCIM

courses. Solicitation is meant to include any promotion from the platform, distribution of promotional materials in the classroom or solicitations of attendees by use of participant lists. No printed or illustrative materials shall be tendered by the speaker except that which has direct bearing on the subject. Introductions should be limited to name, professional accomplishments in organized real estate, company, and geographical location.

2.2.2.9. Be aware that all CCIM Institute course materials are copyrighted. No portion of them may be reproduced for use outside the CCIM Institute in any form, whether printed or electronic, without express permissions of the CCIM Institute. Request for permission to reprint course materials should be made in writing to the Vice President of Education, and should include the purpose for which the reprint is intended.

2.2.3. Webinar-Specific Responsibilities

2.2.3.1. Ensure that all participants have correct log in and call‐in information and understand how to attend the course.

2.2.3.2. Resolve technical issues, ensuring participants can keep up with the flow of the course.

2.2.3.3. Monitor feedback tools to alert instructor when participants have questions or the pace of the class needs to be adjusted.

2.3. Eligibility 2.3.1. Instructor Eligibility Instructor eligibility will vary on a course‐by‐course basis, because Ward Center courses may be delivered in a variety of formats and will focus on a variety of topics. The following criteria are meant to serve as a guideline. A specific course may have additional requirements, or requirements might be waived due to unique circumstances. Potential instructors must meet the following criteria.

2.3.1.1. Demonstrate expert knowledge in the subject matter of the specific course 2.3.1.2. Be one of the following (listed in order of preference):

The Subject Matter Expert who assisted in developing the course. CCIM Instructor, Member, or Designee. University professor, member of relevant professional organizations, or author of relevant articles or books.

2.3.1.3. Possess teaching experience 2.3.1.4. Priority will be given to existing CCIM instructors, provided they meet all other

course‐specific criteria


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2.3.1.5. Priority will be given to professionals who are actively involved in a full‐time career in the commercial real estate industry and well respected as a practitioner.

2.3.1.6. Teach Course with an Experienced Instructor Present Potential Instructors need to teach the course with an experienced Instructor present at least once. They will be evaluated based on the Instructor Responsibilities referenced earlier in this document. If their performance meets CCIM standards, they will then be certified to teach the course.

2.3.1.7. Instructor compensation will be determined on a course‐by‐course basis. 2.3.2. Facilitator Eligibility Criteria Not all applicants will be full instructors. This is especially true in the case of webinar or technology‐ focused workshops. If an applicant only wishes to be a Facilitator, they need to meet the following criteria:

2.3.2.1. Demonstrate a high level of knowledge of the specific course content 2.3.2.2. Demonstrate expert knowledge of relevant technology 2.3.2.3. Possess teaching experience within the delivery method of the specific course

(presentation, workshop, webinar) 2.3.2.4. Priority will be given to existing CCIM instructors, provided they meet all other

course‐specific criteria 2.4. Certification The F & G Workgroup will conduct application in accordance with individual course‐development timelines and annually thereafter. To be eligible for consideration as Instructor an applicant must:

• Participate in screening interview • Audition • Audit course • Facilitate course • Attend webinar presenter training (when appropriate) • Teach the course with an experienced Instructor present

2.4.1. Screening Ward Center staff will conduct telephone interviews with the designated new applicants. They will then report the results to the F & G Workgroup. The purpose of the interview is to:

2.4.1.1. Determine the nature of the applicant’s work experience in regard to the content and subject matter of the course.

2.4.1.2. Obtain names of contacts familiar with the applicant’s teaching experience and his/her expertise in the subject matter of the course. Contacts within organizations relevant to the subject matter are preferred.

2.4.1.3. Determine why applicant desires to teach for the CCIM Ward Center. 2.4.2. Auditions Instructor auditions will be conducted at the discretion of the F & G Workgroup. Course content, mode of delivery, and timelines will be factors considered in whether auditions will be conducted. 2.4.3. Auditing Course

2.4.3.1. A course audit is defined as “full attendance at the course, facilitate as appropriate, and pass the assessment.”

2.4.3.2. Expenses will be paid for course audits if the audit is requested by the Institute; audits which are requested by the instructor, however, will receive no such reimbursement. (Registration fee will be waived.)


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2.4.4. Facilitating Course See Facilitator Responsibilities for detailed description of responsibilities. Facilitator fees and reimbursement will be determined on a course‐by‐course basis. Facilitators will not be compensated at the same rate as instructors. On some occasions, Facilitators may be asked to complete additional teaching assignments due to unusual circumstances, such as complexity of course material, changes in course material, number of days actually taught, sections of course actually taught, etc 2.4.5. Webinar Presenter Training General Webinar training will be provided for instructors when necessary. The General Webinar course is designed to:

2.4.5.1. Provide applicants the opportunity to showcase their teaching techniques, using Ward Center course content.

2.4.5.2. Review and critique applicant’s webinar presentation skill level using recorded webinar presentations.


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Addendum IV Legislative Ten updated existing Statements of Policy

Involuntary Compensation Imposition The Section 8 housing program for existing housing involves the issuance, by a local government, of Section 8 certificates that allow the holder to rent any apartment, with the tenant paying monthly rent in an amount usually not more than 30% of the tenant’s certified household income to the landlord and the local government guaranteeing to pay the remainder of the rent, up to local fair market rent limits based upon unit size. The property operator enters into a contract with the tenant and third party - usually the local housing authority - which pays the portion of the rent above the amount to which the tenant is directly obligated to the landlord, as a rental subsidy. The legislative construction and intent of the program was for landlord participation to be voluntary, meaning a property owner or manager is not required by the federal government to participate in the Section 8 program. Landlords participating in the Section 8 program and accepting Section 8 rental subsidy certificates are subject to strict and voluminous regulatory requirements, mandates and inspections, and often must include specific lease terms (required and prohibited). In addition to the certificates, the program also provides vouchers to individuals to be used as a form of rent payment. It is the responsibility of the tenant to make up the difference between the amount of the voucher and the amount of the actual rent. The acceptance of the Section 8 vouchers is also voluntary, and often requires the landlords to follow additional regulations. In April 1999, the City of Chicago Commission on Human Relations found that Section 8 vouchers are a source of income and that property owners or managers must accept Section 8 vouchers unless they have a non-discriminatory reason not to do so, and that such readings are not prohibited by federal law. There have been similar findings and/or legislation in Massachusetts and New Jersey. Additionally, some jurisdictions have made individuals and families receiving housing assistance payments a protected class under their state civil rights laws, making it a civil or even a criminal violation to opt out of the Section 8 program. Position Statement

The CCIM Institute believes that adequate, affordable housing opportunities should be available to all citizens, and supports all federal fair housing laws, as they relate to all existing protected classes, and concept of government assisted housing. However, CCIM Institute finds it troubling that a property owner who chooses not to participate in an explicitly voluntary housing program can be charged with discrimination. The selection of tenants and the terms of the contractual relationship are the function of the property owner or manager, not the government, and there are many valid, nondiscriminatory reasons for not participating in the Section 8 program. Participation in the program requires a property owner to sacrifice many private property rights and forces the operator to comply with burdensome government regulations and procedures which can seriously compromise the performance and financial viability of a property. The CCIM Institute opposes the April 1999 City of Chicago ruling and any other legislation, regulation, or ruling that threatens or directly undermines the voluntary nature of the Section 8 program set forth by the federal government. In addition, the Federal Fair Housing Act protected status is not, and should not be, extended to include the source of income classification. (6/99; updated 10/08)


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Rent Control Rent controls create problems more serious than those they are intended to resolve. Rent control legislation threatens not only the traditional rights of citizens, but significantly affects the multi-family inventory by hastening the deterioration and/or loss of existing units, while discouraging new construction. Furthermore, rent control affects net operational income and thus usually lowers the value of a property. By lowering the value of multifamily property, rent controls affect a community's tax base by causing a disproportionate shift of the tax burden to other real estate, especially single-family homes and commercial properties, and potentially curtails vital municipal services. The expense of complying with rent control laws and regulations inevitably increases the cost of housing, products and services to the consumer, and the expense of enforcing rent control adds to the cost of local government. Position Statement

CCIM Institute is opposed to governmental control of rents. The Institute believes that a property owner has the right to strive for rents that will encourage investment in new construction ventures and existing property. CCIM Institute firmly believes that a property should be allowed to produce sufficient market driven income to accommodate the basic needs of its residents and remain a sound investment for the owner. Wherever local rent controls have been initiated, the history of each impacted community has been to change growth to no-growth and development to economic malaise. In these communities the already massive infusion of federal funds is threatened; accordingly, The Institute believes Congress and the Administration could assist in discouraging further controls by imposing a cap on housing fund allotment to those municipalities that choose to implement rent controls. CCIM Institute also urges elected officials, at all levels of government, to oppose rent control as being counterproductive to the best interest of all segments of society and the economic well-being of the nation. (updated 10/08)

Electronic Signatures With the expansion of technology, many transactions are now being conducted electronically with a paperless process. In 2000, President Clinton signed the Electronic Signatures in Global and National Commerce Act (E-SIGN). This law offers a framework for the use electronic signatures and electronic records by providing electronic signatures the same legal effect, validity and enforceability as manual signatures. It does not, however, require any person to agree to use or accept electronic records or electronic signatures. E-SIGN also allows most disclosures to be made in electronic form, provided the recipient has consented to receiving electronic signatures. It does not make any changes to the content of these disclosures or any party’s rights or responsibilities under such disclosures. The replacement of paper disclosures with electronic ones will result in cost and time savings for many real estate practitioners. It will save funds on paper, postage, and storage space for disclosures and authorizations. In addition, this type of legislation marks a step toward streamlining the real estate transaction. E-SIGN preempts state laws that do not recognize electronic signatures and address private-sector interstate or foreign consumer, commercial, or financial transactions that deal with real property, personal property, or services. It also allows states to establish standards and formats for records that are filed with state agencies. The National Conference of Commissioners on Uniform State Laws has approved model legislation, the Uniform Electronic Transactions Act (UETA) that meets the requirements for avoiding preemption. To date, 46 states, the District of Columbia, and the U.S. Virgin Islands have adopted UETA.


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Position Statement

The CCIM Institute supports the use of electronic signatures, disclosures, and authorizations. Such use of technology has helped streamline many real estate transactions, and allowed for easier record keeping. However, neither real estate practitioners nor consumers should be penalized for an inability or unwillingness to use or provide electronic signatures, disclosures, or authorizations in place of paper versions. In addition, such a policy must not have any affect on the content of disclosures, or any party's rights or responsibilities under such disclosures or authorizations. Furthermore, CCIM Institute applauds the enactment of E-SIGN on the federal level and of UETA in 46 states, the District of Columbia, and the U.S. Virgin Islands. CCIM Institute encourages those states that have not already done so to adopt UETA. (11/99; updated 10/08)

Financial Institutions and Real Estate Brokerage The Gramm-Leach-Bliley Act of 1999 permits holding companies and national bank subsidiaries to engage in any activity that is financial in nature or incidental to a financial activity. However, the Act does not authorize holding companies or subsidiaries to act as real estate brokers or managers. The Act specifically excludes real estate investment and development, unless otherwise authorized by law, as a permissible activity for bank financial subsidiaries. The Act also authorizes the Federal Reserve and the Treasury (Agencies) to expand the permissible list of financial activities, though the two Agencies must mutually agree on what a financial activity may be. In January 2001, the Agencies issued a Joint Proposed Regulation seeking comment on whether real estate brokerage and real estate management activities are financial in nature or incidental to a financial activity. If the Agencies determine that real estate brokerage and management services are financial in nature, these activities could be declared permissible for financial holding companies and subsidiaries. It is apparent why financial holding companies and subsidiaries would want to enter the real estate brokerage and management market. Commercial real estate transactions are averaging higher and higher prices while the transaction volume continues to climb. Pension fund advisors are looking for large, high-quality property assets to meet their asset allocation targets and are turning to commercial real estate brokers. Banks see a huge, viable market that Congress has placed outside their grasp. Since 2002, Congress has annually enacted temporary bans against the Treasury Department issuing a final rule permitting national bank conglomerates to engage in real estate brokerage and management. More recently, in December 2007, President Bush signed into law the FY2008 appropriations bill which includes a two-year provision banning banks from entering the real estate brokerage, property leasing, and management business. A permanent ban was very close to passing Congress; however, due to a last minute objection in the Senate, the permanent language was replaced with a two-year ban. Position Statement

The CCIM Institute opposes changes or interpretations in federal statutes and regulations which would permit any banks or bank holding companies or subsidiaries to enter the field of commercial real estate investment, brokerage and/or management. The CCIM Institute urges the Federal Reserve Board, the Department of Treasury and Congress to use their authority to disallow financial holding companies and financial subsidiaries from expanding into the field of real estate investment, brokerage and/or management. The Institute is opposed to such expansion for the following reasons (but not limited to):


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• The investment or financial aspects of commercial real estate – wealth creation, tax deduction,

financial asset – are incidental to the primary purpose for which people purchase commercial real estate. People buy commercial real estate in order to operate a business;

• Financial Institutions and Real Estate Brokerage – banks are often not in a position to give unbiased representation to a buyer or a seller. They often are in an ownership, trusteeship or receivership position or at the very least stand to make additional fees from financing.

• Independent commercial real estate companies, even large and well-capitalized ones, cannot compete with the advantages gained through a federal banking charter. The federal deposit insurance system subsidizes these institutions, giving them a significant competitive boost in the market place. Congress has long recognized the power of this advantage, which is one reason why limits have been placed on banks’ non-banking activities;

• Certified Commercial Investment Members (CCIMs) provide valuable services that are not financial in nature such as market analysis, lease analysis and investment analysis. While financial analysis is also essential to the CCIM skill set, it is a very specialized activity related to the link between buyers and the best property for their investment, not finding or arranging financing;

• Congress has consistently rejected state financial entities and their federal counterparts’ efforts to allow them entry into the real estate brokerage and management arena, therefore, they should not be allowed to circumvent the power of Congress by appealing to the Agencies;

• Consumers will suffer if financial entities are allowed to enter the real estate market. Banks could control the real estate transaction from end-to-end, creating opportunities for extra charges and add-ons. Unconstrained integration of banking and commerce could compromise bank-lending decisions and create conflicts of interest. Also, this rule would allow banks to buy up large brokerages and then drive smaller ones out of business leaving a less competitive market and fewer choices for the consumer. (updated 10/08)

Uniform Standards of Professional Appraisal Practices The Uniform Standards of Professional Appraisal Practice (USPAP) was developed in an effort to create a set of uniform standards for appraisers by the Appraisal Standards Board (ASB), a unit of the Appraisal Foundation. The document has been revised over the years, but the language in this most recent revision shows a departure from the standard currently in use. The most relevant sections in the USPAP to CCIM Institute members are Standards 4 and 5. These two sections deal primarily with those appraisers who do consulting work. CCIMs do such activities as market analyses, financial analyses, and/or feasibility studies, which are listed in these standards. The language in this revised document of Standards 4 and 5 goes beyond the scope of appraisal for which the document was created. This creates new standards for the field of consulting, in which a large number of our membership is active. CCIM Institute’s concern is that because the final standards are published by the Appraisal Standards Board, it will be submitted to the states, who may decide that either (1) to have any real estate practitioner who does consulting activities (like those outlined in the standard) be subject to an "appraisers license"; or (2) that a separate license be developed which covers the activities identified in the standard as "consulting". The potential for either or both ideas may be fueled by recognition of increased license fee revenues, and/or a general belief that such actions would benefit the real estate industry as a whole. Position Statement

The CCIM Institute is opposed to any language, such as Standards 4 and 5, found in the Uniform Standards of Professional Appraisal Practice (USPAP) and state license laws that would negatively affect the typical business activities of commercial real estate professionals (either directly or indirectly) and


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may require them to pursue another license or certification. CCIM Institute supports the elimination of Standards 4 and 5, and similar language, from the USPAP. CCIM Institute further supports any other clarifications that would protect the day-to-day operations of a commercial real estate professional. (Revised 6/99; updated 10/08)

Asbestos Asbestos is a known carcinogen that, before the discovery of its heath risk, was widely used in insulation, ceiling and acoustic tile, vinyl floors, and other building materials between 1930 and 1976. However, it only poses a threat when it becomes friable and can be inhaled. It poses a serious and costly problem for owners and managers who must assess its condition and take appropriate steps to reduce the health hazard resulting from it, and there is a great deal of disagreement over the best way to deal with asbestos. In November, 2005, the EPA published its The Asbestos Project Plan, in which it identified three key areas where it will focus its asbestos research, program, and funding activities: improving state of the science of asbestos; identifying and addressing ways to reduce exposure; and assessing and reducing risks associated with areas that require asbestos cleanup.

Position Statement

The CCIM Institute encourages the EPA to develop a guidance document for building owners and managers similar to the "Green Book." The Institute urges the EPA to declare two different clearance levels for the two different mineralogical types of asbestos. The different types represent different levels of hazard/risk. The Institute also urges the EPA to adjust current policy relating to the size and type of fiber found. In order to measure, adjustments need to be made in the microscopy standards as well as the EPA’s standards. Furthermore, the CCIM Institute urges the EPA to update the "science" of asbestos to reflect that low levels, as indicated by existing research of fibers, may not be a significant health risk. We also urge the EPA to research and consider the benefits of managing asbestos rather than removing it. Scientific evidence indicates that asbestos fibers pose a health risk only when they become airborne. In most cases, asbestos left undisturbed will result in less airborne fibers than would normally be experienced by removal efforts. Because a large percentage of existing asbestos is not friable, proper management of it in place will result in low and safe levels of airborne asbestos and could be determined by air monitoring or some other scientific method. With a "safe" level established, building owners could follow guidance documents, test for clearance, and have some objective way of "ensuring safety" for occupants. In the case of future lawsuits, an owner could then show adherence to guideline documents and demonstrate that the "safe" level was attained. (11/00; updated 10/08)

Brownfields Brownfields are defunct, derelict, or abandoned commercial or industrial sites, often tainted by the presence or potential presence of hazardous substances, pollutants, or contaminants. In 1980, the Environmental Protection Agency began the Superfund program as a means of cleaning up hazardous waste sites. But without the certainty that they were protected from undue liability, property owners and developers are very reluctant to undertake development on such sites. The Small Business Liability Relief and Brownfields Revitalization Act, enacted in 2001, expanded the EPA’s assistance programs and created a shield for innocent developers against Superfund liability for contamination that occurred at a site prior to their purchase of the property. It also prohibits - except in certain limited circumstances - Superfund cleanup enforcement against any party who cleans up a contaminated property under a state brownfields cleanup program.


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Costs of environmental remediation are also an issue. In August 1997, the Federal Brownfields Tax Incentive was created as part of the Taxpayer Relief Act, permitting environmental cleanup costs associated with brownfields to be deducted in the year the costs are incurred. This incentive was temporary, and the most recent extension expired in 2005. As a result the full cost of cleanup once again must be capitalized into the cost of the land and cannot be recovered until the property is sold.

Position Statement

The CCIM Institute emphatically opposes holding a present property owner liable for actions of a former property owner. Recognizing the litigious nature of today's society, the CCIM Institute supports measures such as established standards for inspection that a prudent owner can implement to help shield the owner from undue liability by providing a baseline for defense. If an owner were able to contract with a firm that had met state approved standards of inspection methods, then there could be little or no room for doubt that the owner acted in good faith. However, the CCIM Institute also strongly supports the concept of not requiring inspections to be performed on all properties. Rather, inspections should be required only if there is a desire to involve the innocent landowner defense should it be needed. Once a site has been completed, federal law should recognize the finality of successful hazardous waste cleanup efforts by limiting EPA's authority to re-open completed cleanups. Furthermore, the federal government should continue to provide adequate funding for cleanup and redevelopment of our nation's brownfields sites and enhance the cost recovery of environmental remediation and cleanup expenditures by providing either current deduction or short amortization periods for those costs. (11/00; updated 10/08)

International Building Code In 1994, the International Code Council (ICC) was formed to draft a comprehensive and coordinated set of model new construction codes to replace the three regional codes used by most jurisdictions – the National Codes developed by the Buildings Officials and Code Administrators International (BOCA), the Standard Codes developed by the Southern Building Code Congress International (SBCCI) and the Uniform Codes, developed by the International Conference of Building Officials (ICBO). These codes are generally developed on a regular basis, resulting in widely varying guidelines and as inconsistent set of regulations. Representatives of these three organizations came together to form the ICC with a goal of replacing the three regional codes with a single set of International Codes. Released in 2000, the International Codes include new editions of the International Building Code, International Fire Code, International Residential Code, International Mechanical Code, International Fuel Gas Code, International Energy Conservation Code, International Property Maintenance Code, International Plumbing Code, International Private Sewage Disposal Code, ICC Electrical Code and the International Zoning Code. In July 2007, a report by the Department of Housing and Urban Development (HUD) found that the provisions of the 2006 International Building Code are consistent with HUD’s regulations as well as the Fair Housing Act. The ICC International Codes are maintained yearly through a public hearing and review process. Position Statement

The CCIM Institute supports the International Code and the concept of one uniform model building code to establish consistency and uniformity across the nation. The CCIM Institute encourages local and state governments to adopt these Codes as guidelines to adhere by.


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We encourage the International Code Council to continue an open dialog through the annual review process, insuring the most up to date and timely codes and issues are addressed and adopted. The CCIM Institute also encourages HUD to continue to maintain an open dialog and monitor future updates of the Codes to ensure they are consistent with the Fair Housing Act and Americans with Disabilities Act’s accessibility requirements. Building officials’ incorporation of Fair Housing accessibility standards into local building codes, and equal enforcement of those standards, will reduce the risk of introduction of non-accessible housing into the market and the dislocation that non-accessibility creates. (11/00; updated 10/08)

Volatile Organic Compounds Volatile organic compounds (VOCs) are found in many sources that should concern CCIMs, including (but not limited to) paint, carpeting, wood preserves, and strippers and solvents. Gases emitted from these products can cause eye, nose, and throat irritation; headaches, loss of coordination, nausea; damage to liver, kidney, and central nervous system. Further health effects are still being studied. They are particularly harmful to people with respiratory problems. The use of VOCs is heavily regulated in manufacturing.

Position Statement

The CCIM Institute urges the Environmental Protection Agency (EPA) to further study VOCs and their health effects. The CCIM Institute supports the policy dialogue, which the EPA has initiated prior to specific rule making proceedings. CCIM Institute hopes that the EPA solicits meaningful input from concerned parties, including CCIMs, during this dialogue. We believe that diligent work and cooperation prior to the rule making will result in final regulations that are workable and beneficial to everyone. (11/00; updated 10/08)

Water Conservation The United States as a nation possesses abundant water resources and has developed and used those resources extensively. The future health and economic welfare of the nation’s population are dependant upon a continuing supply of fresh uncontaminated water. Many existing sources of water are being stressed by withdrawals to meet offstream needs (a water use that depends on the diversion or withdrawal of water from a surface- or ground-water source) along with increasing instream-flow requirements (a water use that occurs within the stream channel for such purposes as hydroelectric-power generation, navigation, recreation, etc.) to meet human and environmental needs. A national water rights system does not exist. Instead, state water laws have evolved under different traditions and conditions. In Western states, the first to put water to beneficial use has a right superior to later claimants. This Colorado doctrine is also known as “first-in-time is first-in-right.” Eastern states generally apply riparian rules, based on common law, that tie water rights to ownership of adjacent land and require state permits for use. Over time, some states have adopted variations on both and courts in the West have addresses newcomer’s ability to gain water rights. While a national water rights system is not in place, the federal government does reserve water rights for land set aside from the public domain thereby reserving sufficient water to satisfy the purpose for which the reservation was established. This principle is referred to as the “reserved right” doctrine and has been upheld by the courts. These reserved rights by the federal government are controversial due to the undetermined scope of the quality and nature of those rights. Regardless of the doctrine the states and the federal government follow, the entire country is increasingly faced with the need to balance water demand with available supply due to the ever-expanding population and subsequent need for new development. The United States Geological Survey (USGS) began compiling water data in 1950 and it conducts the survey at 5-year intervals. According to the USGS surveys, there was a general increase in water use from 1950 to 1980 and a general decrease between 1980 and 1995. From 1995 to 2005 water use rates


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were relatively stable. The decrease between 1980 and 1995 is attributed to higher energy prices in the 1970s (causing a greater collective consciousness about conservation), a large drawdown in ground-water levels in some areas increasing the cost of irrigation water, a down-turn in the farm economy reducing demands for irrigation water, and a transition from water-supply management to water-demand management encouraging more efficient use of water. In addition, new technologies in the industrial sector that require less water, improve plant efficiencies and increase water recycling along with higher energy prices, and changes in laws and regulations to reduce the discharge of pollutants resulted in decreased water use and less water being returned to the natural system after use. The enhanced awareness of the general public to water resources and active conservation programs in many States has contributed to reduced water demands. As of 2007, national patterns of water use (fresh and saline) is 48 percent for thermoelectric generation, 34 percent for irrigation, 11 percent for public supply, 5 percent for industrial, 2 percent for self-supplied domestic, livestock, aquaculture, and mining combined. Commercial Water Use Commercial water use includes water for motels, hotels, restaurants, office buildings, other commercial facilities, and civilian and military institutions. During 1995, commercial water use was an estimated 9,590 million gallons per day or 16 percent more than during 1990. According to the USGS, the large increase in commercial water use has more to do with different sources of information, changes in how the estimates are calculated, and how fish hatcheries and military establishments are reported, rather than actual changes in water use. USGS did not collect data on commercial water use in 2000 and therefore a percent change since 1995 is unavailable. Commercial, residential and industrial conservation and recycling have become increasingly common over the past 20 years. Severe droughts have been the greatest impetus for these efforts. Water utilities offer payments, rebates and incentives for adopting conservation measures like retrofitting (low-flow faucet aerators, showerheads and toilets), landscape efficiency (Xeriscaping™), and reuse and recycling of “graywater”, or treated wastewater for non-potable (non-drinkable) water uses. According to the USGS, these conservation efforts have made a significant impact on the amount of water resources used for commercial purposes. Residential Water Submetering Traditionally, the cost of water usage has been included in the monthly rental charged to residential tenants, regardless of how much water is actually consumed in each unit. Due to increased costs to property owners for water and sewage services in the past decade, property owners have to measure water consumption more closely and accurately. The practice of submetering (installing secondary meters) provides property owners with the ability to measure consumption unit by unit and distribute consumption costs accurately to each resident. The Safe Water Drinking Act (SWDA), originally passed in 1974 to regulate the public’s drinking supply, was revised in 1996 to minimize regulatory burdens and allow for flexibility in state’s interpretation of the Act. Enforcement of the Act, which does address submetering is considered a “public water system” (PWS) and subject to considerable requirements and compliance measures. The Act states if a distributor of water bills separately for the service, that activity is classified as a “sale” and is subject to regulations outlined in the SWDA. If the provider includes the charges for water in the rental fee, then a sale has not occurred within the context of the Act. It is irrelevant whether a profit is made from the submetering activity. Some states have broadly interpreted the EPA’s definition of a PWS and have allowed submetering to be classified as a “consecutive water system” (one that receives its waters from another PWS or “parent”, i.e., a municipal water source), allowing for greater flexibility in monitoring requirements and compliance activities. However, some states have taken a strict line of the EPA’s definition of a PWS and have mandated excessive and burdensome requirements and regulations for properties and entities that submeter water. Similar discrepancies in the interpretation of “selling” water have also occurred. Position Statement


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The CCIM Institute supports the continued voluntary usage of water conservation efforts such as retrofitting, landscape efficiency, reuse of graywater, education programs, water-use audits, pressure management, surface and ground water storage banks, water accounting and loss control by commercial real estate where feasible. States and localities should have the authority and flexibility to determine what types of measures are most suitable for their state or location with the assistance of guidelines from federal government agencies like the Environmental Protection Agency. The CCIM Institute supports state efforts and initiatives that encourage economic growth while promoting the sustainability of water resources. Regulations, requirements and penalties should be minimized in order to foster commercial growth due to commercial real estate’s measurable and continued commitment to water conservation. The CCIM Institute understands that the quantity of water available has a direct impact on the quality of water for all uses. In addition, the CCIM Institute supports the states in their efforts to maintain control over water use issues. The practice of submetering has proven to be effective in promoting water conservation. Submetering provides an equitable method for property owners to accurately distribute water usage costs to tenants, thereby controlling operating expenses and rent increases. Studies have shown that in properties that are submetered residents generally consume 18% to 39% less water than those with one shared water meter. CCIM Institute supports legislation at the state and local level that allows property owners to engage in water submetering without subjecting the owners to burdensome regulatory and compliance requirements. CCIM Institute also encourages the EPA and state and local water authorities to exclude those practicing submetering activities as public water systems. The water source provider needs to continue to assume responsibility for the quality of the water. (11/00; updated 10/08)

minutes 2009 of ccim institute october 16, 2008 hilton chicago · steve moreira, ccim ron myles,...

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