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      <TotalCompGreaterThan150KInd>1</TotalCompGreaterThan150KInd>
      <CompensationFromOtherSrcsInd>0</CompensationFromOtherSrcsInd>
      <CntrctRcvdGreaterThan100KCnt>0</CntrctRcvdGreaterThan100KCnt>
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        <Desc>MEMBERSHIP DUES</Desc>
        <BusinessCd>531390</BusinessCd>
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        <Desc>CONTINUING EDUCATION</Desc>
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        <RelatedOrExemptFuncIncomeAmt>194059</RelatedOrExemptFuncIncomeAmt>
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        <Desc>OTHER REVENUE</Desc>
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          <CityNm>CHICAGO</CityNm>
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        </USAddress>
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        <EndYearBalanceAmt>132079</EndYearBalanceAmt>
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        <Desc>INVESTMENT IN METRO SEARCH, INC.</Desc>
        <BookValueAmt>1616467</BookValueAmt>
        <MethodValuationCd>C</MethodValuationCd>
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      <TotalBookValueSecuritiesAmt>1616467</TotalBookValueSecuritiesAmt>
      <OtherLiabilitiesOrgGrp>
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        <Amt>5072</Amt>
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      <OtherLiabilitiesOrgGrp>
        <Desc>DUE TO RELATED PARTY</Desc>
        <Amt>2067675</Amt>
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      <FootnoteTextInd>X</FootnoteTextInd>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART V, LINE 4:</FormAndLineReferenceDesc>
        <ExplanationTxt>BOARD DESIGNATED NET ASSETS CONSIST PRIMARILY OF NET ASSETS DESIGNATED BY THE ASSOCIATION FOR BUILDING IMPROVEMENT EXPENDITURES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PART X, LINE 2:</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATION HAS ADOPTED THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES, RELATING TO THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ASSOCIATION FILES AN INFORMATION RETURN IN THE US FEDERAL JURISDICTION. MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS.</ExplanationTxt>
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        <TitleTxt>CEO</TitleTxt>
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        <NontaxableBenefitsFilingOrgAmt>2986</NontaxableBenefitsFilingOrgAmt>
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        <TotalCompensationFilingOrgAmt>115972</TotalCompensationFilingOrgAmt>
        <TotalCompensationRltdOrgsAmt>149107</TotalCompensationRltdOrgsAmt>
        <CompReportPrior990FilingOrgAmt>0</CompReportPrior990FilingOrgAmt>
        <CompReportPrior990RltdOrgsAmt>0</CompReportPrior990RltdOrgsAmt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATIONS' MEMBERS CONSIST OF RESIDENTIAL, COMMERCIAL, APPRAISAL AND REAL ESTATE PROFESSIONALS LOCATED PRIMARILY IN THE LOUISVILLE, KY AREA.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS ELECT THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>ANY CHANGES TO THE BYLAWS ARE SUBJECT TO APPROVAL.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE FINAL FORM 990 IS PROVIDED TO THE BOARD BEFORE IT IS FILED.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATION'S BOARD MEMBERS SIGN A CONFLICT OF INTEREST STATEMENT EVERY YEAR.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FINANCE DIRECTOR IS REVIEWED ON AN ANNUAL BASIS BY THE CEO. A WRITTEN EVALUATION REPORT IS PREPARED AND A SALARY INCREASE MAY BE GIVEN. THE CEO RELIES ON THE EVALUATION AND A SURVEY OF THE COMPENSATION OF FINANCE DIRECTORS WITHIN REALTOR ASSOCIATIONS OF SIMILAR SIZES TO ASSURE COMPENSATION IS REASONABLE. THE CEO EVALUATION COMMITTEE MEETS WITHOUT THE CEO TO DISCUSS AND EVALUATE PERFORMANCE. THE EVALUATION COMMITTEE IS PROVIDED WITH A SURVEY OF COMPENSATION OF REALTOR ASSOCIATION EXECUTIVES OF SIMILAR SIZE TO THE ORGANIZATION. THE COMMITTEE PREPARES A WRITTEN EVALUATION REPORT AND A RECOMMENDATION FOR ANY SALARY ADJUSTMENT. THE COMMITTEE MEETS WITH THE CEO TO REVIEW THEIR EVALUATION AND RECOMMENDATION. THE RECOMMENDATION IS SUBMITTED TO THE BOARD OF DIRECTORS FOR APPROVAL.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 18</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND TAX RETURNS AVAILABLE TO THE PUBLIC BY MAKING THESE DOCUMENTS AVAILABLE AT THE OFFICE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990. PART XII, LINE 2C:</FormAndLineReferenceDesc>
        <ExplanationTxt>NO CHANGES FROM PRIOR YEAR.</ExplanationTxt>
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        </RelatedOrganizationName>
        <USAddress>
          <AddressLine1Txt>12300 SYCAMORE STATION PLACE</AddressLine1Txt>
          <CityNm>LOUISVILLE</CityNm>
          <StateAbbreviationCd>KY</StateAbbreviationCd>
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        <PrimaryActivitiesTxt>MULTIPLE LISTING SERVICE</PrimaryActivitiesTxt>
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