Purpose:
The Forms Committee shall work with Georgia Association of REALTORS® legal counsel in the development and revision of real estate related forms deemed appropriate for use by REALTOR® Board Members, Member Boards, and board owned/operated multiple listing services.
Composition:
Number on Committee: Twelve
Chairman: Appointed by the President
Vice Chairman: Appointed by the President-Elect
Makeup: Twelve At-Large members, including at least one member who holds the RLI designation and one member who holds the CCIM designation or is a representative of the commercial brokerage community. The President and President-Elect are ex-officio members.
Restrictions: N/A
Term: Two years (staggered)
Limits: No member may serve more than six consecutive years
Quorum: Five
Reporting: Vice President of Governmental Affairs, Executive Committee, Board of Directors
Duties and Responsibilities:
- Shall develop and revise real estate-related forms on an as needed basis. (Note: Without the prior approval of the Executive Committee, legal fees associated with the development of new forms shall be limited by the annual operating budget.)
- Shall seek the endorsement of the Georgia Real Estate Commission and the Georgia Bar Association on the Georgia Association of REALTORS® forms whenever possible
- All requests for funds are to be channeled through the Finance Committee for inclusion in its report to the Executive Committee as to the budgeting impact of such funds requests
- Shall perform such other duties as directed by the Board of Directors, the Executive Committee or the President