Board of Directors Meeting
Annual Business Meeting
Boerne, Texas
July 29, 1999
PRESENT:
Victor Grant, President
Ronnie Singleton, President Elect
Carla Brooks, Vice President
Wayne Etter, Secretary
Terri Callery, Secretary
Richard Furr, Past President
Wendell Wood, Region 2 Director
Tom Goen, Region 4 Director
John Schmedemann, Region 5 Director
David Leach, Region 6 Director
Dr. Malcolm Richards
The meeting was called to order by President Victor Grant. The minutes from the 1998 Board of Directors fall meeting
were read by Terri Callery and approved as read.
The treasurer's report was submitted by Kirk King and reported by Victor Grant. The balance as of May 31, 1999, is
$26,821.84. Dr. Richards suggested STAMREP use an interest-bearing checking account. It was agreed to look into the
options available.
Dr. Etter reported on the LERE program. He stated there will be 8-10 new students this fall and 15 returning students, 13
of whom are on internships. Fifty students have been admitted since moving the program to the College of Business. He
stated the field trip to Houston was successful.
Dr. Etter stated the College of Business, the Department of Finance, and the Real Estate Center are all supportive of the
LERE program. Dr. Benton Cocanougher, Dean of the College, called the LERE program a 'flagship program'. Dr. Etter
and two LERE students made a presentation to the Department of Finance's advisory committee this past spring. A
recruiting brochure is being prepared for distribution to undergraduate classes in the college.
The Advisory Council is being established with a balance of former LERE students and non-LERE graduates, from various
industries, and CRE's and MAI's, and will begin meeting this year. A LERE development fund is also being established
with Mr. Dan Daniels making the first contribution of $1000. Mr. Fred Caldwell provided a $2000 scholarship to be
awarded this fall to a LERE student and hopes to endow a scholarship in the future. The Counselors of Real Estate is
working to align the LERE program with its Houston chapter.
Dr. Etter reported that the Appraisal Institute awarded ten of its sixteen scholarships this past year to LERE students.
In the Real Estate Center update, Dr. Richards stated Mr. Pat Wooten and Mr. Jack DeMuynck passed away recently. The
Center is producing videos with its most recent being on agency. Other videos include cross-cultural selling and careers
in real estate. In the future there will be a five-part video for the first-time homebuyer in English and Spanish. Dr. Mark
Dotzour is increasing the Center's presence in the commercial real estate area while also maintaining our presence in the
residential area.
In conjunction with The South Texas College of Law, the Center is offering an annual commercial MCE course. The first
was held in October '98 and was very successful.
Jennifer Evans is producing studies of MSA's of various locations in the state. These reports will be available on the
Internet in the future for a fee.
The Real Estate Consumer Confidence Index is a quarterly survey being done by the Center to gauge how business is today
as compared to one month prior, one year prior, and anticipating future business. Information is gathered from residential
and commercial real estate and mortgage bankers.
Tierra Grande is planning to recognize the outstanding contributions to real estate in its January 2000 issue. Nominations
are being accepted now. This is a pre-cursor to establishing a Texas Real Estate Hall of Fame.
There are two openings on the Center's Advisory Committee that need to be filled.
Dr. Chuck Gilliland started videotaping MCE courses that originate from the Wehner Building and go to the smaller Texas
towns so those people can earn their MCE's.
Finally, the Real Estate Center is averaging 325,000 hits per month on its website.
Mr. Furr, reporting for the Membership Committee, stated current membership is approximately 170. He suggested we
use newer and older graduates contact former students to recruit them for membership. It was also suggested we use a
graduate from every other year to contact former students.
Mr. Goen, speaking for the Life Membership Committee, announced we lost one life member (Mr. Wooten), but there are
no candidates at the present time.
Election results:
Vice President John Schmedemann
Secretary Wayne Etter/Terri Callery
Treasurer Kirk King
Region 1 Director Kelly Cofer
Region 3 Director Roscoe VanZandt
Region 6 Director Bryan Leonard
Carla Brooks stated she has not established the site for the 2000 business meeting. The following locations were suggested:
South Padre, Del Lago near Conroe, South Shore Harbor in Galveston, Tapatio Springs, or the YO Holiday Inn in Kerrville.
Mr. Grant announced the following new business:
STAMREP's by-laws need to be reviewed for edit. All board members will receive a copy to make changes and then submit. We will meet to go over revisions.
STAMREP's bank account situation will be reviewed and possible changes will be made to put the money into an interest-bearing account.
With John Schmedemann's election as Vice President, a new Region 5 director will need to be appointed. Nominations will be taken within two weeks.
Dr. Etter stated Dr. Schmedemann is recommending a family membership fee where spouses could join for $45 instead of each paying $35. John Schmedemann proposed STAMREP have a family membership fee of $45 while retaining the $35 single member fee. Seconded by Richard Furr. Passed unanimously. Dr. Richards suggested STAMREP create a lifetime membership category where a member pays once. Suggested amounts were ten times the regular dues ($350) to $500. Dr. Goen suggested the money should be put into an endowment and the interest used in STAMREP's general funds.
Carla Brooks suggested that to promote and thank the companies who make contributions to STAMREP, we give something in return to the companies. A suggestion was a continuous loop video that would run at the registration table.
John Schmedemann moved that the vice president should handle corporate donations for the Annual Business
Meeting. Seconded by Carla Brooks. Passed unanimously.
The meeting was adjourned at 5:15 p.m.
Respectfully submitted,
Terri Callery
Secretary