Fillable APPLICATION FOR DESIGNATED REALTOR LONG ISLAND BOARD OF (Long Island Board of Realtors)

Fill Online, Printable, Fillable, Blank APPLICATION FOR DESIGNATED REALTOR LONG ISLAND BOARD OF (Long Island Board of Realtors) Form

Use Fill to complete blank online LONG ISLAND BOARD OF REALTORS pdf forms for free. Once completed you can sign your fillable form or send for signing. All forms are printable and downloadable.

APPLICATION FOR DESIGNATED REALTOR LONG ISLAND BOARD OF (Long Island Board of Realtors)

On average this form takes 12 minutes to complete

The APPLICATION FOR DESIGNATED REALTOR LONG ISLAND BOARD OF (Long Island Board of Realtors) form is 3 pages long and contains:

0 signatures
4 check-boxes
47 other fields

Country of origin: US
File type: PDF

Use our library of forms to quickly fill and sign your Long Island Board of Realtors forms online.

BROWSE LONG ISLAND BOARD OF REALTORS FORMS

Related forms

APPLICATION THE LONG ISLAND BOARD OF REALTORS , (Long Island Board of Realtors)

Fill has a huge library of thousands of forms all set up to be filled in easily and signed.

Fill in your chosen form

Sign the form using our drawing tool

Send to someone else to fill in and sign.

find another form

APPLICATION FOR DESIGNATED REALTOR

LONG ISLAND BOARD OF REALTORS

300 SUNRISE HIGHWAY

WEST BABYLON, NY 11704

FOR OFFICE USE ONLY

CHECK # / DATE / AMOUNT _______________________

MEMBER #___________________ INITIATION / REINSTATE FEE _______________________

FIRM # ______________________ DUES (CURRENT YEAR/PYD) _______________________

I hereby apply for DESIGNATED REALTOR

membership in the Long Island Board of REALTORS

, Inc (LIBOR). It is

understood that this application includes membership in the New York State Association of REALTORS

(NYSAR) and

the National Association of REALTORS

(NAR) for me and any licensees that I have sponsored with the Department

of State. I have received and read LIBOR By-Law Article X- Dues, Fees and Finance which specifies the LIBOR dues

structure. I agree to pay the established dues and fees for the duration of my membership with LIBOR.

I agree that, if elected a Member of LIBOR, I will abide by the By-Laws, policies and procedures of LIBOR, the By-Laws

of NYSAR, the Constitution and By-Laws of NAR, and I will abide by the Code of Ethics of The National Association of

Realtors®, as from time to time amended

I further agree on behalf of myself and any real estate brokerage, partnership, corporation, LLC or other real estate

brokerage company in which I hold an ownership interest to arbitrate any and all controversies arising out of real

estate transactions as specified by Article 17 of the Code of Ethics and Arbitration Manual of NAR, as from time to time

amended. Said arbitration is to be conducted pursuant to the By-Laws, policies, and procedures established from time

to time by the Board of Directors of LIBOR. I understand that LIBOR is guided by the arbitration procedures and

policies established by NAR but that LIBOR is not bound or limited thereby in the exercise of its rights to conduct

arbitrations pursuant to this agreement. I agree to arbitrate any dispute with a client of mine or my company(ies) and

any Realtor® principal associated with a different firm, consistent with Article 17 of the Code of Ethics and the Code

of Ethics and Arbitration Manual. I agree to abide by the decision and/or award rendered by the arbitrators.

Upon termination of said membership for any cause, I will discontinue the use of the term REALTOR

and return to

LIBOR all certificates, signs, seals or other indications of membership in LIBOR, NYSAR, and NAR.

________________________________________________________ __________________________

SIGNATURE DATE

Rev. 5/2020

CERTIFICATION

FOR DESIGNATED REALTOR

MEMBERSHIP ONLY

I understand that the present fee types are as follows: (1) INITIATION FEE for New Members. New Members must pay $600.00

initiation fee plus the Membership Dues payable in accordance with the provisions of Article X of the LIBOR By-Laws. It is

understood that $150 of the initiation fee is non-refundable within the first 30 days of membership. After the 30th day, the entire

$600.00 is non-refundable; and (2) REINSTATEMENT FEE for Former Members. Former Members must pay $100.00 reinstatement

fee plus payment of all outstanding debt (if any), plus payment of current year’s Membership Dues in accordance with the provisions

of Article X of the LIBOR By-Laws. Please note that once membership for either category is activated dues are non-refundable.

I hereby certify to the Long Island Board of REALTORS

, Inc. that the following information is correct, and I affirm that I understand

and accept that my yearly dues liability is based on the total number of licenses that I hold for each real estate broker, associate

real estate broker, real estate salesperson, and licensed or certified appraiser associated with my firm or any real estate firm in

which I have a direct or indirect ownership interest , in accordance with LIBOR By-Law, Article X.

**The information requested below is required. Please do not leave any fields blank, as this may delay the processing

of your application. A COPY OF EACH LICENSE (REAL ESTATE BROKERS, ASSOCIATE REAL ESTATE BROKERS,

REAL ESTATE SALESPERSONS AND APPRAISERS) IS REQUIRED IN ORDER TO PROCESS YOUR MEMBERSHIP

APPLICATION.**

Name (As shown on R.E. License) Last, First, M.I.____________________________________________________________

Firm Name (As shown on R.E. License):___________________________________________________________________

Office Address:_______________________________ Town:__________________ State:__________ Zip + 4:___________

R.E. License ID#:_______________________________ License Expiration Date:_________________________________

E-Mail Address:_____________________ Web Address:_____________________ Date of Birth:_____________________

Residence Address: __________________________ Town:___________________ State: _________ Zip + 4:___________

Home Phone: _____________________________________ Cell Phone: ______________________________________

Primary Field of Bus. __________________________ Secondary Field of Bus. ___________________________________

Type of Business (Check one)  Individual  DBA  Partnership  Corporation  LLC

Is the office address listed above your principal place of business?  Yes  No

If no, please indicate your principal place of business below.

__________________________________________________________________________________________________

Please list all branch offices below, if any, and include the address(es) for each office.

___________________________________________________________________________________________________

FOR APPRAISERS ONLY* Please check one of the following and list the name of the company in the space provided:

□ I own my own Appraisal Co. □ I am affiliated with an Appraisal Co. □ I am affiliated with a Real Estate Co.

Print name of Company and Address:_____________________________________________________________________

*For Appraisers to be eligible to join LIBOR, according to the National Association of Realtors®, Inc. and LIBOR Bylaws,

Appraisers must meet one of the following criteria: 1) own their own appraisal company; 2) be affiliated with an appraisal

company; or 3) be affiliated with a real estate brokerage.

Select One

As a member of LIBOR, you are entitled to many benefits. Your membership also connects you with exclusive products, programs

and services. We will keep you up-to-date on the latest Breaking Real Estate Headlines, Legal Updates, Educational Opportunities,

Calls to Action, Upcoming Events, Exclusive Products, Benefits and more. Stay in the know on all member information by simply

checking the “Yes” boxes below!

 YES  NO Sign up for LIBOR’s text alert services to receive important industry news, products, services and benefits directly

to your mobile device!. Cell Phone Number: ______________________(If left blank, you give LIBOR permission to use the cell phone

number indicated above.)

By checking Yes, you consent to receive such automated and pre-recorded marketing text messages from LIBOR at the indicated cell phone number. Such

consent is not a condition of purchase. Message and data rates may apply. This consent recognizes that certain state and federal laws may place limits on

communications that I am waiving to receive all communications as part of my membership. Check with your wireless carrier regarding pricing. You may opt-out

of receiving such text messages at any time by following the instructions accompanying the message, by contacting Membership & Billing at 631-661-4800 or

emailing us at libormem@lirealtor.com.

 YES  NO I consent that LIBOR may contact me by facsimile machine (fax), telephone, and/or email address at the fax,

telephone or e-mail address set forth above for informational and marketing purposes. You may opt-out of receiving such fax and

e-mail messages at any time by following the instructions accompanying the message, by contacting Membership & Billing at 631-

661-4800 or emailing us at libormem@lirealtor.com. This consent applies to changes in contact information that may be provided

by me to LIBOR in the future.

LIST NAMES OF ALL PARTNERS OR CORPORATE OFFICERS IN FIRM AND PROVIDE A COPY OF PARTNERSHIP

AGREEMENT OR CORPORATE PAPERS (Please enclose copy of license for each partner and corporate officer.)

NAME :

1) _____________________________________________________________

2) _____________________________________________________________

3) _____________________________________________________________

4) _____________________________________________________________

LIST NAMES OF ALL REAL ESTATE SALESPERSONS, ASSOCIATE REAL ESTATE BROKERS AND APPRAISERS,

LICENSED TO YOU AS AN INDIVIDUAL AND/OR TO YOUR BROKERAGE FIRM. (Please enclose copy of license for

each licensee.)

NAME :

1) ______________________________________________________________

2) ______________________________________________________________

3) ______________________________________________________________

4) ______________________________________________________________

5) ______________________________________________________________

6) ______________________________________________________________

7) ______________________________________________________________

8) ______________________________________________________________

Signature: __________________________________________________ Date: ____________________________

*Please note that according to LIBOR policy, Initiation fees are non-transferable except to originally listed partners,

corporate officers or owners in the Real Estate Brokerage company.

LIBOR BYLAW ARTICLE X

ARTICLE X - DUES, FEES AND FINANCE

SECTION 1. APPLICATION FEE

The Board of Directors may adopt an application fee, in reasonable amount, which shall be required to accompany each application for membership, and which

shall become the property of LIBOR upon final approval of the application by the Board of Directors. The fee may be in differing amounts for each class of

membership (see Article IV). The Board of Directors, for a sufficient reason in its judgment, may vary the fee from time to time, in a particular area of the Board.

A portion of the application fee, to cover administrative costs, may be retained by LIBOR, in the event an applicant should withdraw his/her application for

membership. The Board of Directors may adopt an application fee for Institute Affiliate Membership not in excess of the annual dues for Institute Affiliate Members.

SECTION 2. DUES

a) The annual dues of all members shall be established by the Board of Directors and set forth in a separate schedule showing the categories and the

corresponding dues.

b) The dues of each REALTOR

member shall be in such amount as established annually by the Board of Directors, plus an additional amount to

be established annually by the Board of Directors times the number of real estate salespersons, licensed assistant Appraisers, Certified and

licensed Appraisers employed by or affiliated as independent contractors with the REALTOR

, who are not REALTOR

members of the Board,

such number to be adjusted semi-annually. In calculating the dues payable to the Board by a DR Member, non member licensees shall not be

included in the computation of dues if the DR has paid dues based on said non-member licensees in another Board in the state, provided, the

DR notifies the Board in writing of the identity of the Board to which dues have been remitted. However, if two or more REALTORS

are principals

of the same firm, partnership or corporation, then only that REALTOR

designated from time to time in writing (the “Designated” REALTOR

)

by the firm, partnership or corporation shall be required to pay that portion of the dues which is computed on the basis of the real estate

salespersons employed by or affiliated as independent contractors with such firm, partnership or corporation.

c) Dues for new members joining the Board during the course of the year shall be pro-rated monthly.

d) Dues for Institute Affiliate Members of the local Board may not exceed two and one-half times the amount established pursuant to Article II, Section 1 (a) of

the National Association’s By-Laws for REALTOR

Members.

SECTION 3. DUES PAYABLE

Dues for all categories of membership are non-refundable and shall be due and payable on the first day of October each year unless the Board of Directors

establishes policy for billing and collection which allows for other cycles of billing and collection. During the last quarter of the Membership year, each DR shall

be billed in accordance with Section 2 (b) above.

SECTION 4. NON-PAYMENT OF DUES AND/OR MISCELLANEOUS OBLIGATIONS

If dues, miscellaneous financial obligations or fines due to LIBOR are not paid within thirty (30) days after any billing date, a letter shall be sent on the 31st day,

to the member stating that as of that date he/she is suspended from membership for non-payment of dues and/or miscellaneous financial obligations. The letter

will also state that the member can reinstate his/her membership by the payment of the arrears in full plus a reinstatement fee in accordance with Section 5 of

this By-Law.

Each such bill for dues, fines and/or miscellaneous obligations shall contain a notice to the effect that failure to pay such bill within thirty (30) days will result in

removal from membership.

SECTION 5. REINSTATEMENT OF MEMBERSHIP

Members who have been removed from membership for non-payment of dues, miscellaneous financial obligations, or fines may reinstate their membership as

follows:

1) within the same fiscal year by the payment of the amount of arrears in full plus a reinstatement fee which shall be an amount as specified by the Board of

Directors from time to time.

2) thereafter, by the payment of the amount of dues at the time of reinstatement, plus the amount of arrears, plus a reinstatement fee as specified in (1) above.

SECTION 6. RESIGNATION AND RE-AFFILLIATION OF MEMBERSHIP

To resign in good standing, a member must submit a letter of resignation from membership in the Board. Any member who resigns in good standing may re-

affiliate with LIBOR by the payment of the amount of dues from the time of re-affiliation and payment of the appropriate application fee or reinstatement fee.

SECTION 7. SUSPENSION

Any member who has been suspended by the Board of Directors shall remain a member of LIBOR but shall not be entitled to exercise any of the privileges

afforded to LIBOR members under these By-Laws during such period of suspension. Unless otherwise set forth in the resolution of the Board of Directors

suspending a member, suspension shall terminate at 12 midnight of the last day set forth in such resolution as the suspension period and such member shall

thereafter be entitled to all of the privileges afforded to LIBOR members without any further action required to be taken by the Board of Directors or any other

body.

SECTION 8. DEPOSIT

All monies received by LIBOR for any purpose shall be deposited to the credit of LIBOR in a financial institution or institutions in accordance with policy established

by the Board of Directors.

SECTION 9. EXPENDITURES

The Executive Committee and/or the Board of Directors are each empowered to make expenditures for the normal operating procedures of LIBOR as may be

necessary. Any expenditure and payment for any single item in excess of an amount set by the Board of Directors when they approve the annual budget (such

amount to be subject to amendment as the Board of Directors deems necessary), not included in the approved annual budget, shall be made only with the prior

approval of the Board of Directors. Such approval must be limited by a specific dollar amount. Payment must be evidenced by two authorized signatories.

Download
Save PDF to desktop

Email
Email completed PDF

Send for Signing
Email for others to sign

Print
Print document

NAME

APPLICATION FOR DESIGNATED REALTOR LONG ISLAND BOARD OF (Long Island Board of Realtors)

View Audit Log
Print With Audit Log
Duplicate Document

Fillable APPLICATION FOR DESIGNATED REALTOR LONG ISLAND BOARD OF (Long Island Board of Realtors)

Fill Online, Printable, Fillable, Blank APPLICATION FOR DESIGNATED REALTOR LONG ISLAND BOARD OF (Long Island Board of Realtors) Form

Related forms

First 20 documents completely FREE!