CREN Rules & Regulations
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ARTICLE XIX - Commercial Real Estate Network
Section 1. Authority. The Board of Directors may maintain for the use of its members, a separately maintained division known as the Commercial Real Estate Network, which shall be subject to the Bylaws of the Association of REALTORS®, and such Rules and Regulations as may be hereinafter adopted.
Section 2. Purpose. The purpose of the Commercial Real Estate Network shall be to provide specialized services to Capital Area Association of REALTORS®’ members who are engaged in the commercial real estate business.
Section 3. Membership. Membership in the Commercial Real Estate Network is available to all REALTOR® members and Institute Affiliate members of the Association, upon agreeing in writing to conform to the rules and regulations of the Commercial Real Estate Network and to pay the costs incidental thereto.
Section 4. Supervision. The Commercial Real Estate Network shall be operated under the supervision of the Commercial Real Estate Network Committee in accordance with the rules and regulations of the Commercial Real Estate Network, subject to the approval of the Board of Directors of the Capital Area Association of REALTORS®.
Section 5. Appointment of Commercial Real Estate Network Committee. The President shall appoint, subject to confirmation by the Board of Directors, a Commercial Real Estate Network Committee of five (5) members and the immediate past Chairman. All committee members shall be participants in the Commercial Investment Division except, at the option of the Board of Directors, REALTORS® affiliated with participants may be appointed to serve in such numbers as determined by the Board of Directors. The Committee members shall be appointed to serve for terms of two years. The Past Chairman shall be a member of the committee for an additional term of one (1) year. The President shall select the Chairman and Vice Chairman for the Committee.
Section 6. Vacancies. Vacancies in unexpired terms shall be filled as in the case of the original appointees.
Section 7. Attendance. Any Commercial Real Estate Network Committee member who fails to attend three (3) consecutive regular or special meetings of the Committee, without excuse acceptable to the Chairman of the Commercial Real Estate Network Committee, shall be deemed to have resigned from the Committee and the vacancy shall be filled as herein provided for the original appointees.