SCBBN
Membership Policy
The purpose of the Southern California
Business Brokers' Network is to provide its members additional
resource to grow their businesses by drawing on the experience
of its' fellow members. As such, a policy for screening and admitting
new members is justified and desirable.
I. Classes of Membership
Regular - A business broker or agent, actively
engaged in the business as his/her primary professional activity.
Affiliate - A business resource for the
members. Must offer specialized knowledge which will help us
grow and solve our problems. Pains will be taken to avoid taking
more than one Affiliate member in any field of expertise unless
an additional benefit to the membership is present.
Honorary - A member of the business community
who, at the decision of the Executive Committee, may bring prestige
and credibility to SCBBN.
II. Qualifications - for Regular Membership
A candidate must be licensed as a Broker
or Agent by the California Department of Real Estate, in good
standing, and actively engaged in Business Brokerage as his/her
primary professional activity.
A candidate shall have been engaged in
business brokerage for at least one year, or have completed 3
transactions in order to qualify for membership.
A candidate must be sponsored by a current
active member.
An Affiliate member must bring an unusual
depth of experience in business that would be of specific benefit
to members and be sponsored by a current active member.
III. Admission
-
Any Active Member has the right to invite
any individual guest to attend any one regular meeting.
If further interested. Sponsoring Active
Member shall submit candidate's credentials to the Executive
Committee on Standard Membership Application form. The Executive
Committee will review the applicant's Initial Eligiblility for
its Conditional Approval.
Candidate will then be required to attend
any three Regular SCBBN meetings within a 6 month in order to
be considered for permanent membership.
An applicant shall supply satisfactory
evidence that they conduct themselves and their business in compliance
with the law and in a reputable manner. They must also supply
satisfactory evidence of expertise in the field of business opportunity
sales.
Final Executive Committee approval will
be required before granting membership.
IV.Dues -
No fee shall be charged for making application
for membership.
Annual dues shall be determined from time to time on the vote
of the membership.
The membership of any member who fails
to pay dues when they become payable, or within 30 days there
from, shall automatically terminate at the end of that 30 day
period unless an arrangement has been made with SCBBN. Reinstatement
may be approved by majority vote of the Executive Committee and
payment of a $25.00 late fee.
V. Suspension and Expulsion -
Any member of this organization may be
censured, suspended or expelled, for good cause, provided they
are given
notice of these proceedings and given the opportunity to be heard
in their
own defense at a hearing before the Executive Committee. A two-thirds
vote of the members present shall determine membership status.
"Good
Cause" shall include:
a. Failure to abide by the By-Laws and Code of Ethics of this
Organization.
b. Demonstrated incompetence in the field of Business
Opportunity sales thereby reflecting on the competence of the
SCBBN members
c. Violation of the Real Estate law of the State of California
causing their license to be revoked or suspended.
Initiation of proceedings may be made by
petition of 20% of the membership to the Executive Committee
or by majority vote of Executive Committee. Member shall be notified
of a hearing on the issues, before the Executive Committee, within
30 days.
A hearing will be informal in nature, presided
over by the Executive Committee. Both sides will be heard, and
a two-thirds vote of Executive Committee members present will
decide the issue.
VI. Meetings of the Membership
Meetings shall be held monthly at a time and place to be determined
by
the Executive Committee. The majority approval of the membership
shall be required for permanent relocation of meetings.
VII Voting
Each Regular and Affiliate member shall be entitled to one vote
VIII Guest
Any Active Member has the right to invite any individual guest
to attend any one regular meeting.
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