The Lake & Geauga Area Association of Realtors®, also known as LGAAR, is a 501(c)6 non-profit trade organization which was originally chartered in 1929 by the National Association of REALTORS®. The Geauga County Board of REALTORS® was chartered in 1946. After several name changes, these two Associations merged in 2002 becoming the Lake & Geauga Area Association of REALTORS® in order to better service both the memberships and communities of each of the counties.
LGAAR is the seventh largest local REALTOR® Association in the State of Ohio and represents more than 900 REALTOR® and Affiliate members in the Real Estate profession. LGAAR belongs to both the Ohio Association of REALTORS®, as well as the National Association of REALTORS®. The National Association of REALTORS® is North America’s largest trade organization, representing over 1.2 million members.
The purpose of the Lake & Geauga Area Association of REALTORS® is to strengthen and enhance the members' freedom and ability to conduct their individual businesses successfully with integrity and competency; and through collective action to promote the extension and preservation of the right to own, transfer and use real property.
LGAAR strives to exceed its core competencies in order to maintain NAR’s standards, as well as members’ expectations. These core competencies include:
- Member Interest & Public Policy Advocacy – To protect private property rights and maintain and expand the Association’s legislative presence and influence at all levels of government.
- Association Support Services – To support and enhance the Association’s level of service to the membership.
- Information Development & Management – To identify, gather, analyze and disseminate information that will position the Association and its members as the definitive authorities on the real estate industry in the Lake and Geauga county areas.
- Professional Development Assistance – To provide members with education opportunities to enhance their ability to do business and provide a professional and ethical service to the community.
- Organizational Development & Management – To maintain a dynamic structure and system of governance, which provides opportunities for member involvement and efficient utilization of human and financial resources.
ORGANIZATION STANDARDS FOR ASSOCIATIONS
In addition to the core competencies, LGAAR also adheres to strict standards as set forth by the National Association of REALTORS®. These standards are:
- Governing Documents
Association's Bylaws, MLS Bylaws and/or Rules and Regulations (if applicable) and professional standards procedures are consistent with NAR policy; elections and membership/business meetings are conducted in accordance with the Bylaws; and membership is available on reasonable and nondiscriminatory terms (i.e., on terms and conditions no more rigorous than NAR's Membership Qualification Criteria).
- Legal Status
Association maintains, has access to, or will have legal counsel available, and maintains policies and procedures that conform with local, state and federal laws, including filing necessary reports and documents (e.g., corporate documents, state and federal tax returns, etc.).
- Dues Collection
Association enforces the dues formula to assure that every licensee affiliated with a firm comprised of REALTOR® principals is either a member or that the "designated" REALTOR® pays dues based on the number of nonmember licensees affiliated with the firm.
- Administrative Support
Association maintains, has access to, or will have staff support available. (This may be accomplished through a variety of methods, including paid staff on site, multi-board management, staff support furnished through the state association, etc.)
- Communications Process
Association provides some form of regular communication to its members. (Examples include a monthly newsletter, computer-based information service, periodic notices on educational offerings and other key services, etc.)
Association maintains an orientation process to inform new members of the privileges and obligations of membership.
- Enforcement of the Code of Ethics
Association maintains a viable professional standards process to enforce the Code of Ethics and provide arbitration as a member service. Boards and associations must have a fully functioning professional standards committee with administrative capability to conduct the program, or must administer professional standards enforcement through a multi-board (or regional) professional standards agreement with other associations or the state association.
Lake & Geauga Area Association of Realtors®9930 Johnnycake Ridge Road #3AConcord Twp, OH 44060ph.440.350.9000fx.440.394.2293www.LGAAR.org