1. 2 2010 Ottawa Real Estate Board President - Pierre de Varennes Good afternoon and welcome to the Ottawa Real Estate Board’s 2010 Annual General Meeting.

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• 2010 Ottawa Real Estate Board President - Pierre de Varennes

• Good afternoon and welcome to the Ottawa Real Estate

Board’s 2010 Annual General Meeting.

Welcome and Call to OrderWelcome and Call to Order

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“that the agenda for the Annual General Meeting being held on

December 2, 2010 be approved.”

Approval of AgendaApproval of Agenda

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“that the minutes of the 2009 Annual General Meeting be

approved.”

Approval of MinutesApproval of Minutes

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Pierre de Varennes:

• 2010 President of the

Ottawa Real Estate Board.

President’s RemarksPresident’s Remarks

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2010 Board of Directors2010 Board of DirectorsPierre de Varennes, President

Joanne Tibbles, President Elect

Ansel Clarke, Vice President

Rick Snell, Past President

Tracy Arnett

Janie Bilder

Joel Edelson

Brenda Jensen, a Director until Oct.

Tim Lee

Linda McCallum

David Oikle

Campbell Osler

Robert Pugh

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Past PresidentsPast PresidentsE.N. Rhodes, Jr.*

Neta Clarke*

John Rogan*

Alan Gale*

Pasquale Ricciuti*

William Lenardon*

Philip Downey*

Jim McKeown*

Roger Beckley*

Joe Oneid*

David Armstrong

Chris Hoare

Ray Otten

Ian Robertson

Robert Dennis

Kent Browne

Glenda Brindle

Jeff Greenberg

Ron Levine

Diane Hatfield

Heather Skuce

Rick Snell

*Members of Distinction

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VolunteersVolunteers

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Honorary MembersHonorary MembersRoland Brenning

John DeVries

John Fraser

Phil Girard

Eliesa (Hamilton) Jacobsen

Eugene Lavoie

Sylvia Milne

Betty Mohns

Leonard Potechin

Gaetan Roy

Fred Sherwood

Joseph Viner

John Wentzel

Henry Wright

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Join in a moment of silence.

In MemoriamIn Memoriam

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The Directors, recognizing that the agreement with Supra for the

provision of the iBox program was coming to an end in less than three

years, embarked upon a due diligence process

early in 2010.

• Analysis of usage;

• Focus groups;

• A survey

Reports being reviewed by the Directors

Electronic Lock Box ProgramElectronic Lock Box Program

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• Closure of the Ottawa Real Estate Guide

• Final Issue - September 24, 2010

Print AdvertisingPrint Advertising

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• Launched in 2009

• Making MLS® data available to members of

participating boards in the province

• Now used by 17 boards,

representing almost 90%

of members in Ontario.

Project ConnectProject Connect

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• Leading edge of technology with products and services

• Enhance professionalism of members and promote

their value to the public

• Make the Board valuable to members for more than

MLS® services

OREB Task ForcesOREB Task Forces

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• Traditionally does not suffer from extreme

lows or enjoy the meteoric highs

• Stable workforce, favourable

economic conditions

Ottawa - Steady MarketOttawa - Steady Market

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• Stable membership - 2,631 members

• 14 honorary members

Board MembershipBoard Membership

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New Senior MembersNew Senior MembersDavid Armstrong

Colin S. Weldon

Shane Silva

Kevin Coady

Bobby Devgun

Johnny Hunt

Ken Plummer

Teresa Steenbakkers

Frank Rizzo

Patrick Creppin

Kevin Grimes

Linda Ludlow

Rob Thompson

Brenda MacDonald-Rowe

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Building CommitteeBuilding CommitteeThe Building Committee works with Board staff to ensure our

building at 1826 Woodward Drive continues to be well

maintained. This year,

the rooftop heating

and cooling units

were replaced.

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• Special 90th anniversary Board logo;

• Open House commemorating the anniversary in July;

• digitization of some of the Board’s most important

historical documents;

• podcasts of members telling stories from their careers

in real estate;

• historical exhibits featuring photos and memorabilia.

Board Celebrates 90 YearsBoard Celebrates 90 Years

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• the Board contributed approximately $26,000 to the OREA

REALTORS Care® Foundation

• OREB REALTORS Care® Committee

received 14 grant applications from local

shelter-related charitable organizations

endorsed by Senior members or Managers.

OREB Annual Golf TournamentOREB Annual Golf Tournament

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Members of the Government

Relations Committee attended

Political Action Conferences held by

both CREA and OREA in Ottawa and

Toronto to discuss issues of

importance to the real estate industry.

Government RelationsGovernment Relations

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The Board’s Professional Standards Committee handled

• 49 written complaints;

• Of these, 26 were within the Board’s jurisdiction;

• The Discipline committee held four hearings during the year

Professional StandardsProfessional Standards

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• welcomed ten new members in 2010;

• the Division held breakfast and lunch information and networking

sessions with presentations on the HST, Social Media and

Commercial & Industrial Real Estate Financing;

• continued to promote commercial

practitioners through ads on the Ottawa

Business Journal’s Website

Commercial Services DivisionCommercial Services Division

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MLS® CommitteeMLS® Committee

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Technology CommitteeTechnology Committee

• Tech Help Line - launched in mid-November;

• Assistance with technology questions and problems;

• Low cost service;

• initial commitment for this service

is one year

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2010 - Busy and Productive2010 - Busy and ProductiveIncoming Board of Directors will continue to…

• work hard and well on your behalf;

• ensure the Board remains

compliant with competition law;

• ensure that the integrity of

MLS® database is maintained;

• look forward to adding new

tools such as podcasts

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Year end Financial StatementsYear end Financial Statements

David Oikle, Chairman of Finance Committee

• Net surplus of $331,470;

• Compares to budgeted loss of $73,154;

• Budgeted for 2,450 members; membership

increased steadily over the year ending the

year with 2,610 members

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“that the financial statements for the fiscal

year ending September 30, 2010,

be approved.”

Approval of Finances - 2010Approval of Finances - 2010

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“that the firm of McCay, Duff and Company

be appointed as the Board’s auditors for the

fiscal year 2010/2011.”

Appointment of AuditorsAppointment of Auditors

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Amendments to By-LawAmendments to By-Law

Joanne Tibbles, President-Elect

Presents Proposed Amendments

• 9:01 – termination of Senior Membership – a recommended

rewording only for clarification purposes;

• 36:01and 38:01, to reflect the change in name of the Code of

Ethics and Standards of Business Practice of the Canadian Real

Estate Association to the REALTOR® Code of the Canadian

Real Estate Association, and:

• 37:01 – recommended rewording for clarification purposes only.

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“that the amendments to sections 9:01, 36:01, 37:01

and 38:01 of the By-Law as contained in the

spreadsheet provided to members on November 19,

2010, be approved.” 

Approval of AmendmentsApproval of Amendments

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The following Directors will continue to serve on the Board of

Directors to complete their terms of office:

Pierre de Varennes who will become Past President

Joanne Tibbles who will become President

Tim Lee

Linda McCallum

David Oikle

Robert Pugh

Returning Directors - 2011Returning Directors - 2011

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Campbell Osler was appointed by the Board of Directors

earlier this week to complete the two year term of

Brenda Jensen.

Josee Biggs is appointed to the

Board of Directors for a two

year term as the Chairman of

the Commercial Services Division.

Appointed DirectorsAppointed Directors

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Three members were nominated by the Nominating Committee to fill

three vacancies; the following have been acclaimed for a two year

term:

Tracy Arnett

Ansel Clarke

Rick Eisert

Senior and Manager MemberSenior and Manager Member

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Additional nominations were received in the Active member

category. The following members were elected for a two year term:

Janie Bilder

Susan Oneid

Congratulations to the

2011 members of the

Board of Directors.

Active Member CategoryActive Member Category

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• Installation of the 2011 Board of Directors

• Outgoing Past President Rick Snell will serve

as installation officer.

2011 Directors2011 Directors

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AdjournmentAdjournment

Thank you all for your participation in today’s meeting, and for

your support throughout the year.

The 2010 Annual General

Meeting is now adjourned.