BY-LAWS OF THE HOWARD COUNTY MILLION DOLLAR CLUB

ARTICLE I

NAME

          This organization shall be known as the "Howard County Real Estate Million Dollar Club,   Inc."

ARTICLE II

OBJECTIVES

1.       To create an organization of REALTORS® who have attained a high degree of professionalism.

2.       To promote cooperation and good will within the real estate industry and a professional image of high standards to the public.

ARTICLE III

CRITERION

1.        A REALTOR® must settle $1,000,000 worth of business within the preceding calendar year.

2.        Referral fees do not count toward volume.

3.        A listing REALTOR® who sells his/her own listing shall receive credit for both the listing and sale (i.e. Jones sells his own listing for $150,000, he would receive credit for $300,000).

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