Chapter Bylaws

Approved as amended by Governing Council on October 9, 2024
Bylaws of the IREM Utah Chapter
As approved by the Chapter on 2/27/2025

ARTICLE I. Charter, name, and number

Section 1. Charter. The chapter of the Institute of Real Estate Management of the National Association of
REALTORS® ("Institute of Real Estate Management" or "Institute") is created and exists solely by reason of the
charter granted to it pursuant to the Bylaws of the Institute of Real Estate Management of the National
Association of REALTORS®; which charter may be suspended or terminated by the Institute in accordance with
the Bylaws and policies of the Institute of Real Estate Management.

Section 2. Name. The name and number of this chapter shall be: Utah Chapter 33.

ARTICLE II. Objectives and limitations

Section 1. Objectives. The objectives of this chapter, in addition to those set forth in the Bylaws of the
Institute of Real Estate Management, shall be within the territorial jurisdiction granted to this chapter, to:
1.1 Provide cooperation in achieving the objectives of the Institute of Real Estate Management.
1.2 Assist the Institute of Real Estate Management in the implementation and carrying out of its various
programs and activities.
1.3 Provide cooperation with the Institute of Real Estate Management in the development of technical and
educational material for the field of real estate management and the encouragement of sound, proper, and
ethical practices.
1.4 Provide the necessary organization and leadership to facilitate the exchange of information and
experience among members so as to advance and benefit the field of real estate management.
1.5 Encourage the advancement of the profession of real estate management.
1.6 Organize and conduct educational opportunities for the profession and the general public under the
direction and supervision of the Institute of Real Estate Management.

Section 2. Limitations.
2.1 All actions of this chapter shall be in accordance with the Bylaws and policies of the Institute of Real
Estate Management and shall be consistent with all the policies adopted by the Governing Council and/or the
IREM Board of Directors.
2.2 This chapter shall not obligate or otherwise make the Institute of Real Estate Management liable for any
expenditures or commitments, unless such expenditures or commitments shall first have been approved by
the Governing Council and/or the IREM Board of Directors.
2.3 The bylaws of this chapter shall not be official and effective unless approved by the IREM Board of
Directors and on file at IREM Headquarters.

ARTICLE III. Jurisdiction
The territorial jurisdiction of this chapter shall be: The State of Utah

ARTICLE IV. Membership

Section 1. Membership requirements. The only requirement for membership in this chapter shall be the
holding in good standing of membership in the Institute of Real Estate Management and the payment of
chapter dues.

Section 2. Membership categories. The categories of membership shall be designated members and nondesignated members.
2.1 Designated members shall be those individuals who hold CPM membership in the Institute of Real Estate
Management.
2.2 Non-designated members shall include those individuals who hold CPM candidate membership, ARM
membership, ACoM membership, Student membership, Academic membership, and Associate membership in
the Institute of Real Estate Management.

Section 3. Voting members. All members in good standing of membership in the Institute of Real Estate
Management are eligible to vote.

Section 4. CPM candidacy. Any requirements as a condition for membership in the chapter which are not
identical to the requirements for such admission as set forth in the Bylaws and policies of the Institute of Real
Estate Management shall not be adopted or enforced.
4.1 To qualify for chapter endorsement for the CPM designation, a CPM candidate must:
4.1.1 Be current with the chapter's annual dues, and
4.1.2 Attend two (2) chapter approved meetings or events, as shall be defined by the chapter, during
the twelve (12) months immediately prior to CPM endorsement provided that the chapter has
notified the CPM candidate of this requirement in writing. This requirement may be waived upon
good cause shown by the CPM candidate as to why the CPM candidate is not able to meet such
requirement. In the absence of action by this chapter within thirty (30) days after the submission of a
statement of good cause by the CPM candidate, such approval shall be deemed to have been granted
without further action.

Section 5. ACCREDITED MANAGEMENT ORGANIZATION® firms. Individuals who are employees of firms that hold
the ACCREDITED MANAGEMENT ORGANIZATION® accreditation shall be eligible to participate in chapter activities
in accordance with the Bylaws and policies of the Institute of Real Estate Management and this chapter's
policies and procedures.

Section 6. Termination, suspension, and resignation. No individual or firm shall hold membership with
this chapter for any reason if that membership in the Institute of Real Estate Management is terminated.
Suspension of membership by action of the Institute of Real Estate Management shall automatically suspend
membership with this chapter. Resignation from membership with the Institute of Real Estate Management
shall automatically terminate membership with this chapter. This chapter is without power or authority to
suspend, terminate, or otherwise limit membership in the Institute of Real Estate Management.

Section 7. Reinstatement. Reinstatement to membership with this chapter shall be in accordance with the
Bylaws and policies of the Institute of Real Estate Management.

Section 8. Other requirements. This chapter shall not impose any requirements for application for
membership or continued membership in the chapter or the Institute of Real Estate Management that are not
identical to such requirements as may be established by the Institute. This chapter shall use only the most
current criteria and forms provided by the Institute of Real Estate Management in making recommendations
concerning membership.

ARTICLE V. Dues, fees, and assessments

Section 1. Membership dues. The annual membership dues of CPM, ARM, ACoM, and CPM candidate
members of this chapter shall be established by the Board of Directors, collected by IREM Headquarters, and
disbursed to the chapter on a regular basis as determined by IREM Headquarters. The chapter shall receive
a revenue share for a portion of the annual Associate member dues paid to IREM Headquarters and disbursed
on a regular basis as determined by IREM Headquarters.
1.1 Associate members and AMO firms shall not be assessed annual dues by the chapter; however, the
chapter may choose to offer an optional service package to Associate members and AMO firms for a fee.
Acceptance or refusal of such a service package shall not affect the membership status of the Associate
member or AMO firm.
1.2 An emeritus member shall be eligible for chapter emeritus membership upon the payment of dues as
determined by the Board of Directors, which fee shall not be more than IREM dues for emeritus membership.

Section 2. Assessments. Special assessments may be levied by this chapter upon members to pay the costs
of special activities and projects, upon the specific authorization of not less than seventy five percent (75%)
of those voting members of this chapter present at a regular or special meeting of which there is a quorum
and for which at least thirty (30) days prior written notice shall have been given to all voting members, which
notice shall set forth the specific proposal to be considered.

Section 3. Non-payment of dues and assessments. Upon termination of membership for non-payment of
dues in accordance with the Bylaws and policies of the Institute of Real Estate Management, IREM
Headquarters shall notify the chapter accordingly.

ARTICLE VI. Officers

Voluntary amendments allowed: Sections 1, 5, 6, and possible 7
Section 1. Elected Officers. The elected Officers of this chapter shall be: President, Vice President, and.
Secretary/Treasurer

Section 2. Term. The Officers shall be elected annually by the voting membership of this chapter and shall
hold office for one (1) year or until their successors have been elected. Officers may be nominated and reelected for consecutive terms in the same office.

Section 3. Removal. Any Officer may be removed from office by a two-thirds vote of the voting members of
this chapter present at a duly called meeting, provided that all voting members are notified in writing of the
action to be proposed at least thirty (30) days prior to such meeting.

Section 4. President. The President who must be a CPM, ARM, or ACoM, shall preside at all chapter meetings
and at all meetings of the Board of Directors. The President shall perform all duties usually pertaining to such
office as may be prescribed by the Board of Directors and shall be a member, ex officio, with right to vote, of
all chapter committees.

Section 5. Vice President. In the absence of the President, the Vice President, who must be a CPM, ARM or
ACoM member, shall perform the duties of the President and shall also perform such other duties as the
President or Board of Directors may prescribe.

Section 6. Secretary/Treasurer. The Secretary/Treasurer, who must be any member of this chapter in good
standing. The Secretary/Treasurer shall: attend and record minutes that document actions taken for all
chapter board and general membership meetings; oversee the filing of required annual report with the
Secretary of State, Commonwealth, or appropriate department overseeing corporations; retain copies of all
contracts; oversee the adoption and enforcement of a banking policy; oversee the creation of an annual
budget; oversee the filing of required federal and state taxes on an annual basis; oversee and present
financial statements on a regular basis; facilitate an annual internal audit oversee the adoption and
enforcement of a policy for savings/reserves and perform such other duties as the president, or the Board of
Directors may prescribe.

ARTICLE VII. Board of Directors

Voluntary amendments allowed: Section 2 (maximum number of additional Directors) and Section 3
(terms for 1 to 3 years)

Section 1. Authority. The governing powers of this chapter shall be vested in a Board of Directors. The Board
of Directors shall supervise, control, and direct the affairs of this chapter and shall determine its policies or
changes therein within the limits of these bylaws. It may adopt such policies and procedures not inconsistent
with the provisions of these bylaws for the conduct of the chapter affairs as shall be deemed advisable and
may, in the execution of the powers granted, appoint such agents as it may consider necessary.

Section 2. Composition. The Board of Directors shall be composed of the elected Officers of this chapter, plus
at least three (3) but no more than a maximum of fifteen (15) other voting members.

Section 3. Term. Members of the Board of Directors shall be elected annually by the voting membership of
this chapter and shall serve a (1) year term or until a successor is elected. Members of the Board of Directors
may be nominated and re-elected for consecutive terms.

Section 4. Removal. Any member of the Board of Directors may be removed by a two-thirds vote of the
voting members of this chapter present at a duly called meeting, provided that all voting members are
notified in writing of the action to be proposed at least thirty (30) days prior to such meeting.

Section 5. Meetings. The Board of Directors shall be convened by the President, at such times and places as
the President may designate, or upon demand of a majority of Board members.
5.1 Each member of the Board of Directors shall be notified at least ten (10) days in advance of any meeting.
5.2 A quorum for meetings of the Board of Directors shall be a majority of the Board members.
5.3 Proceedings of all Board of Directors meetings shall be recorded in meeting minutes and made available
to the membership of this chapter in accordance with state laws.

ARTICLE VIII. Nominations and elections

Section 1. Nominating Committee. The President, with the approval of the Board of Directors, shall appoint
a Nominating Committee by the last day of July, consisting of at least three (3) voting members, one (1) of
whom shall be a past President of this chapter, if there is a past President of the chapter who is a current
chapter member.

Section 2. Duties of committee. It shall be the duty of the Nominating Committee to propose names of
eligible members of this chapter to serve as Officers and Board of Directors for the following year.

Section 3. Notice. The names of those nominated shall be submitted in writing, by mail or electronic means,
to each member of this chapter at least thirty (30) days in advance of the date of the election.

Section 4. Additional nominations. Additional nominations may be made in accordance with policies and
procedures that have been adopted by the Board of Directors.

Section 5. Election. The Officers and other elected members of the Board of Directors shall be elected by the
voting membership of this chapter by the last day of September in one of the following ways:
5.1 At a regularly called annual meeting; or
5.2 By electronic election, provided that:
5.2.1 A majority of the votes are received in writing with 15 days after distribution to the
voting members, and
5.2.2 At least 20% of the voting members have voted.
5.3 Following the election, the chapter shall provide the names and positions of those elected and the date of
the election as requested by IREM Headquarters.

Section 6. Assumption of office. Officers and elected members of the Board of Directors shall take office
January 1 of the following year.

Section 7. Officer or Director replacement. In the event any Officer or member of the Board of Directors
should resign or be removed from their Board position, or resign or be terminated from membership, the
Board of Directors shall determine if the position shall be filled, and if so, shall appoint a replacement to serve
the remainder of the term or until the next election, whichever comes first.

ARTICLE IX. Chapter meetings

Voluntary amendments allowed: Section 4 (select a percentage no less than fifteen (15) for quorum)
Section 1. Regular meetings. This chapter shall hold a minimum number of regular meetings throughout
the year in accordance with the policies of the Institute of Real Estate Management. The annual meeting shall
count as one regular meeting.

Section 2. Annual meeting. The chapter shall conduct an annual meeting. The annual meeting of this
chapter shall be held by the end of September and at such time and place as may be designated by the Board
of Directors.

Section 3. Other meetings. Other meetings may be called from time to time by the President or the Board of
Directors.

Section 4. Quorum. For membership meetings, a quorum shall be 15 percent of the voting members of this
chapter.

Section 5. Notices. All members shall be notified in writing at least ten (10) days prior to the date of any
meeting.

Section 6. Voting. Except as otherwise may be provided in these bylaws, any action requiring a vote by the
voting members may be taken by written ballot, including mail or electronic means, provided that any such
action shall require a majority of the voting membership to return a vote in favor.

ARTICLE X. Committees

Section 1. Appointment. The President of this chapter, with the approval of the Board of Directors, shall
appoint a chair to each standing committee.

Section 2. Standing committees. The names and duties of standing committees of this chapter shall be
established as determined by the Board of Directors.

Section 3. Ad hoc groups. The President may from time to time appoint, with the approval of the Board of
Directors, ad hoc groups for specific purposes. The term of an ad hoc group shall expire upon completion of
its assignment.

Section 4. Action of committees. The actions of any committee or ad hoc group involving policy or budget
matters shall be in the form of recommendations for consideration and approval by the Board of Directors.

ARTICLE XI. Limitations on chapter and Institute of Real Estate Management

Section 1. Institute of Real Estate Management approval. All actions of this chapter shall at all times be
subject to the approval in accordance with the Bylaws and policies of the Institute of Real Estate
Management. Those holding membership with this chapter shall at all times conduct themselves in
accordance with the Bylaws and policies of the Institute of Real Estate Management.

Section 2. Public positions. This chapter shall not speak or advance positions for the Institute of Real Estate
Management except in accordance with the Bylaws and policies of the Institute of Real Estate Management.

Section 3. Indemnification. Chapter Officers and members of the Board of Directors may at the discretion of
the Institute of Real Estate Management be held harmless from any and all liability to the extent permitted by
the law of the state in which this chapter is primarily located.

Section 4. Responsibility of the Institute of Real Estate Management. Under no circumstances shall the
Institute of Real Estate Management be responsible for any act, omission, debt, or obligation of this chapter.

Section 5. Use of funds. This chapter shall use its funds only to accomplish the objectives and purposes
specified in these bylaws and no part of its funds shall inure to the benefit of or be distributed to the
members of this chapter. On dissolution of this chapter, in accordance with the policies of the Institute of Real
Estate Management, any funds remaining after payment of the chapter's obligations shall be distributed to
the Institute of Real Estate Management, the IREM Foundation, or to one or more regularly organized and
qualified professional society, trade association, charitable, educational, scientific, or philanthropic
organization to be selected by the Board of Directors. In the absence of a selection by the Board of Directors,
any remaining funds shall be donated to the IREM Foundation.

Section 6. Loss of exemption. Nothing contained in these bylaws shall authorize or empower this chapter to
perform or engage in any acts or practices which would cause the chapter to lose its status as a tax-exempt
organization within the meaning of Section 501(c)(6) of the Internal Revenue Code of 1954, or the
corresponding provision of any future United States Internal Revenue Law.

ARTICLE XII. Fiscal year

The fiscal year of this chapter shall commence on the first day of January and shall end on the thirty-first day
of December.

ARTICLE XIII. Amendments

Section 1. Mandated chapter bylaw amendments. Upon approval of amendments to the Model IREM
Chapter Bylaws by the Governing Council, this chapter shall amend its current chapter bylaws within one (1)
year. These mandated amendments shall be approved by the chapter’s Board of Directors. The final approved
chapter bylaws shall be placed on file with IREM Headquarters.

Section 2. Voluntary chapter bylaw amendments.
2.1 These bylaws may be voluntarily amended where permitted and shall be approved by the voting members
of this chapter at any regular or special meeting of this chapter at which a quorum is present by a two-thirds
vote of voting members present, provided that the following provisions are met:
2.1.1 Proposed amendments must first be submitted in writing to IREM Headquarters with a
summary of proposed changes for review; and
2.1.2 Following review, thirty (30) days advance notice shall be given to all members of this chapter of
the intention to amend, together with a written summary of the proposed amendment.
2.2 Upon approval by the chapter membership, voluntary bylaw amendments shall be approved by the IREM
Board of Directors. The final approved chapter bylaws shall be placed on file with IREM Headquarters

3/17/2025
Date signed by current Chapter President

Kyle R. Arbizu
Signature of current Chapter President