(According to AAR Policy & Procedures, Section 4.4.4.D)
1. The Legal Action Fund shall be administered by the Legal Action Fund Administrators. The Legal Action Fund Administrators are members of the Executive Committee. The Secretary of that body shall account for and maintain all Fund monies, and shall disburse such monies as recommended by the Legal Action Administrators.
2. Each year the body of Administrators shall select from their number a Chair and Vice Chair to serve for a term of one year. The Secretary of the Alabama Association of REALTORS or his or her designee shall serve as Secretary to the body. Meetings will be held at the call of the Chair, or at the call of the Secretary with the approval of three Committee members, but in no case, less than three (3) times yearly.
3. The Legal Action Fund Administrators shall adopt rules and regulations regarding the collection of money to operate the Legal Action Program in accordance with the methods of fund raising as directed by the Board of Directors, and to manage and administer the Legal Action Fund. Such rules are subject to the direction and approval of the Board of Directors of the Alabama Association of REALTORS®.
The Alabama Association of REALTOR®; (AAR) is the largest statewide organization of real estate professionals. United by adherence to a Code of Ethics, our members work as real estate professionals in the sale, lease, appraisal and development of residential, rural, and resort properties throughout Alabama.