August 2006 Issue
Page 5

July 2006

Julie updated the Board on the Lockbox Conversion that will take place at the end of August.  All keypads will be swapped out in addition to the AEII lockboxes.  The Board authorized the MLS Finance Committee to determine how to fund the lock box conversion due to the short period of time before the conversion.  The Finance committee’s report will be presented at the August Board meeting where adjustments can be made, if needed. Offices will have 72 hours from the date of the conversion to put the new I Box on their listing.  

Julie updated the Board on the South Bend Mishawaka Association of REALTORSÒ new lockbox policy.  In response to our letter advising them of our situation, they did extend the deadline to comply with their new rule to July 15, 2006.  In order to avoid South Bend’s $100 per day fine, some of the offices will put the combo boxes on their Elkhart listings so they can put the AEII lockboxes on St. Joe County listings.  

State Forms are now available at the Board office. IAR Forms Committee member, Joyce Ott requested any suggestions for the IAR forms committee be put in writing and faxed to Jodi Tuttle’s office, to Joyce Ott and to the Board office.

Julie updated the Board on Smart Framing.  Discussion was held on the MLS WiFi program offered by Fidelity.  Julie will obtain additional information from Fidelity.  No action taken. 

Julie reviewed the minutes from the ECBOR Finance Committee meeting.  ECBOR motion passed to approve the recommendation from the ECBOR Finance Committee to raise the late payment percentage to 3% and charge a $5.00 monthly processing fee to any invoice not paid within the first 30 days.

Julie updated the Board on the sale of Lot 4 Alpha Drive.  MLS President Karen Smith updated the Board on the sale of the Main Street Building.  The Listing Agent has been asked to put together another market analysis to determine if the price needed to be reduced.
                
MLS motion passed to approve MLS Office Application for Home Buyers Marketing II, Inc, Michael McCarthy Participant pending proper paperwork. 

The next Board of Directors meeting will be held on August 10, 2006 at 8:30 AM at the Board Office.

NEW OFFICES:

Home Buyers Marketing II, Inc. - Participant Michael McCarthy

RECENT INACTIVE AGENTS:

Meg Campbell-Yoder, Century 21 Landmark

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