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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATIONS PRIMARY MISSION IS TO ENCOURAGE RESEARCH AND PROMOTE EDUCATION IN REAL ESTATE, IMPROVE COMMUNICATION AND EXCHANGE OF INFORMATION IN REAL ESTATE AND ALLIED MATTERS AMONG COLLEGE/UNIVERSITY FACULTY AND PRACTICING PROFESSIONALS, AND FACILITATE THE ASSOCIATION OF ACADEMIC, PRACTICING PROFESSIONALS AND RESEARCH PERSONS IN THE AREA OF REAL ESTATE.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>DAY TO DAY OPERATIONS ARE CARRIED OUT BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE VOLUNTEERS.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>THE ORGANIZATION HAS MEMBERS AS IT COLLECTS DUES FROM MEMBERS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS MEMBERS WHO ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS REVIEWED BY THE TREASURER AND EXECUTIVE DIRECTOR OF THE ORGANIZATION PRIOR TO SUBMISSION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>REGULARLY AND CONSISTENTLY MONITORED TO ENFORCE COMPLIANCE.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION FOR BOTH THE ASSOCIATE DIRECTOR, ASSISTANT DIRECTOR, AND MARKETING ASSOCIATE ARE APPROVED AT THE MEETING OF THE EXECUTIVE COMMITTEE.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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      <SupplementalInformationDetail>
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</Return>