The mission of the Williamsburg Area Association of REALTORS'® Board of Director's is to serve its members by providing the necessary framework for professionalism and success.
It shall be the duty of the Budget and Finance Committee to prepare, no later than October 1st of each year, a budget for both the Association and Multiple Listing Service Corporations for the following fiscal year.
As per the bylaws, the proposed fiscal budget of each corporation shall be presented for approval to the respective the Boards of Directors for approval. The Committee shall present the proposed fiscal budget to the Association and WMLS Boards of Directors no later than the June Directors’ meetings.
This committee evaluates the current education needs of the membership and encourages and seeks communication on subject matters that would be of interest to the majority of members. The committee also works towards sponsoring combined seminars with other local associations to expand the quality of speakers at minimal expense.
This committee determines whether or not a complaint, assuming that the facts alleged are true, should be forwarded to the Professional Standards Committee for hearing. If the activity on which the complaint is based runs afoul of the Code of Ethics, the matter is automatically forwarded for hearing. the committee is responsible for ensuring that the proper Articles of the Code of Ethics are cited in the complaint. If the committee rules that the complaint should be amended to cite the proper articles, the complainant must be given opportunity to amend the complaint. Should the complainant not agree with the committee's decision, a determination must be whether to amend the complaint with the Grievance Committee then named as the complainant. The committee is obligated to exercise caution in carrying out an investigation.The committee's task does not include gathering evidence of proving or disproving the complaint.
This committee monitors Federal, state and local legislative and regulatory actions and trends, and interprets for member REALTORS and the general public, their impact on the real estate industry and property ownership. The committee recommends approaches to influence the course and form of legal legislation and works with the Association's Board of Directors in the formation of Association policyand implementation of state and local mandated legislation.
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