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      <Desc>EDUCATION AND PROFESSIONAL DEVELOPMENT - OUR MEMBER'S PROFESSIONAL SUCCESS IS ONE OF THE CORE ESSENTIALS OF OUR ORGANIZATION'S MISSION AND ON THAT DIRECTION, OUR ASSOCIATION PROVIDES A YEAR- ROUND DIVERSITY OF EDUCATIONAL PROGRAMS ABOUT RISK MANAGEMENT (IDENTIFY AND MANAGE THE RISKS ASSOCIATED WITH DOING BUSINESS), FAIR HOUSING (A GUIDE TO ENSURING THAT BROKERAGES, AGENTS, AND CLIENTS ADHERE YEAR- ROUND TO THE LAWS OF FAIR HOUSING, PROTECTING CONSUMERS OF UNLAWFUL PRACTICE), REALTOR SAFETY TIPS FOR ENSURING SAFETY FOR OUR MEMBERS AND THEIR CLIENTS, DESIGNATION PROGRAMS (TO INCREASE THE SKILLS, PRODUCTIVITY, AND KNOWLEDGE OF OUR REALTOR MEMBERS), AND LICENSING AND CEU'S (FLORIDA'S LICENSING REQUIREMENTS FOR REAL ESTATE).</Desc>
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        <Desc>THE ANNUAL PUBLIC AWARENESS CAMPAIGN SERVES TO EDUCATE TODAY'S CONSUMERS ABOUT THE VITAL ROLE OF A REALTOR THROUGHOUT THE REAL ESTATE TRANSACTION, AS WELL AS THE MANY BENEFITS OF WORKING WITH A REALTOR THROUGHOUT THE PROCESS. AT THE SAME TIME, THE CAMPAIGN EDUCATES CONSUMERS ABOUT THE REAL ESTATE TRANSACTION, THE MANY BENEFITS OF HOMEOWNERSHIP, AND THE LOCAL HOUSING MARKET. WITH LOW INVENTORY AND RISING PRICES, BUYERS ARE ENCOURAGED TO CONTACT A REALTOR TO HELP THEM SECURE A HOME IN TODAY'S COMPETETIVE MARKET, WHILE SELLERS ARE ENCOURAGED TO CONTACT A REALATOR TO SEE IF THEY MAY FINALLY HAVE THE EQUITY THEY NEED TO MAKE A LIFESTYLE CHANGE. THE COMMUNICATIONS COMMITTEE IS CHARGED WITH DEVELOPING THE CAMPAIGNS' MESSAGING AND MEDIA BUYS, WHICH ARE THEN APPROVED BY THE BOARD OF DIRECTORS.</Desc>
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        <Desc>SWAP ASSETS</Desc>
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      <FootnoteTextInd>X</FootnoteTextInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 3, PART X</FormAndLineReferenceDesc>
        <ExplanationTxt>ORRA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)6 OF THE INTERNAL REVENUE CODE ("IRC") AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTE. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)3 OF THE IRC AND FROM STATE INCOME TAXES UNDER SIMILAR PROVISIONS OF THE FLORIDA STATUTE. THE EARNINGS OF ORREN AND ORRA'S UNRELATED BUSINESS INCOME ARE SUBJECT TO FEDERAL AND STATE INCOME TAXES. DEFERRED TAX ASSETS AND LIABILITIES ARE RECOGNIZED FOR EXPECTED FUTURE INCOME TAX CONSEQUENCES OF EVENTS THAT HAVE BEEN RECOGNIZED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS METHOD, DEFERRED TAX ASSETS AND LIABILITIES ARE DETERMINED BASED ON TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL CARRYING AMOUNTS AND THE TAX BASES OF ASSETS AND LIABILITIES USING ENACTED TAX RATES IN EFFECT IN THE YEARS IN WHICH THE TEMPORARY DIFFERENCES ARE EXPECTED TO REVERSE. ORRA AND ITS SUBSIDIARIES ACCOUNT FOR INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING AND DISCLOSURE REQUIREMENTS FOR UNCERTAINTY IN TAX POSITIONS. IT REQUIRES A TWO-STEP APPROACH TO EVALUATE TAX POSITIONS AND DETERMINE IF THEY SHOULD BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE TWO-STEP APPROACH INVOLVES RECOGNIZING ANY TAX POSITIONS THAT ARE "MORE LIKELY THAN NOT" TO OCCUR AND THEN MEASURING THOSE POSITIONS TO DETERMINE IF THEY ARE RECOGNIZABLE IN THE FINANCIAL STATEMENTS. MANAGEMENT REGULARLY REVIEWS AND ANALYZES ALL TAX POSITIONS AND HAS DETERMINED NO AGGRESSIVE TAX POSITIONS HAVE BEEN TAKEN. IN EVALUATING THE ASSOCIATION'S TAX PROVISIONS AND ACCRUALS, FUTURE TAXABLE INCOME, THE REVERSAL OF TEMPORARY DIFFERENCES, INTERPRETATIONS, AND TAX PLANNING STRATEGIES ARE CONSIDERED. THE ASSOCIATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE ASSOCIATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ASSOCIATION IS SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE PRIOR THREE YEARS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XI, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>EQUITY INCOME IN MFRMLS AND ORRA SGS 2,401,669 COGS OFFSET SALE OF INVENTORY 125,425</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE D, PAGE 4, PART XII, LINE 2D</FormAndLineReferenceDesc>
        <ExplanationTxt>COGS OFFSET SALES OF INVENTORY 125,425</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc5">
      <ClubDuesOrFeesInd>X</ClubDuesOrFeesInd>
      <WrittenPolicyRefTAndEExpnssInd>true</WrittenPolicyRefTAndEExpnssInd>
      <SubstantiationRequiredInd>false</SubstantiationRequiredInd>
      <CompensationCommitteeInd>X</CompensationCommitteeInd>
      <IndependentConsultantInd>X</IndependentConsultantInd>
      <WrittenEmploymentContractInd>X</WrittenEmploymentContractInd>
      <CompensationSurveyInd>X</CompensationSurveyInd>
      <BoardOrCommitteeApprovalInd>X</BoardOrCommitteeApprovalInd>
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
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        <PersonNm>CLIFFORD LONG</PersonNm>
        <TitleTxt>CEO</TitleTxt>
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        <BonusFilingOrganizationAmount>106480</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>51357</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>15791</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>635090</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>AMANDA ORNELAS</PersonNm>
        <TitleTxt>COO</TitleTxt>
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        <BonusFilingOrganizationAmount>20750</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>24815</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>18394</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>281397</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MELINDA SKINNER</PersonNm>
        <TitleTxt>VP OF HUMAN RESOURCE</TitleTxt>
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        <BonusFilingOrganizationAmount>20000</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>19050</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>18394</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>223418</TotalCompensationFilingOrgAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MARY KAY BRICKEY</PersonNm>
        <TitleTxt>VP OF ADMIN</TitleTxt>
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        <BonusFilingOrganizationAmount>11000</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>18605</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>15273</NontaxableBenefitsFilingOrgAmt>
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      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>AMANDA MARTIN</PersonNm>
        <TitleTxt>VP OF FINANCE/TECH</TitleTxt>
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        <BonusFilingOrganizationAmount>10000</BonusFilingOrganizationAmount>
        <DeferredCompensationFlngOrgAmt>15760</DeferredCompensationFlngOrgAmt>
        <NontaxableBenefitsFilingOrgAmt>15273</NontaxableBenefitsFilingOrgAmt>
        <TotalCompensationFilingOrgAmt>211042</TotalCompensationFilingOrgAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc6">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CORE PURPOSE OF THE ORLANDO REGIONAL REALTOR ASSOCIATION IS TO HELP OUR MEMBERS ADHERE TO THE ETHICAL AND PROFESSIONAL STANDARDS RATIFIED BY THE NATIONAL ASSOCIATION OF REALTORS AND TO HELP OUR MEMBERS IN THEIR PROFESSIONAL SUCCESS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ANNUAL PUBLIC AWARENESS CAMPAIGN SERVES TO EDUCATE TODAY'S CONSUMERS ABOUT THE VITAL ROLE OF A REALTOR THROUGHOUT THE REAL ESTATE TRANSACTION, AS WELL AS THE MANY BENEFITS OF WORKING WITH A REALTOR THROUGHOUT THE PROCESS. AT THE SAME TIME, THE CAMPAIGN EDUCATES CONSUMERS ABOUT THE REAL ESTATE TRANSACTION, THE MANY BENEFITS OF HOMEOWNERSHIP, AND THE LOCAL HOUSING MARKET. WITH LOW INVENTORY AND RISING PRICES, BUYERS ARE ENCOURAGED TO CONTACT A REALTOR TO HELP THEM SECURE A HOME IN TODAY'S COMPETETIVE MARKET, WHILE SELLERS ARE ENCOURAGED TO CONTACT A REALATOR TO SEE IF THEY MAY FINALLY HAVE THE EQUITY THEY NEED TO MAKE A LIFESTYLE CHANGE. THE COMMUNICATIONS COMMITTEE IS CHARGED WITH DEVELOPING THE CAMPAIGNS' MESSAGING AND MEDIA BUYS, WHICH ARE THEN APPROVED BY THE BOARD OF DIRECTORS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4C</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBER SERVICES - SERVING APPROXIMATELY 19,500 REALTOR MEMBERS, OUR ASSOCIATION STRIVES TO BE THE COLLECTIVE LOCAL FORCE INFLUENCING AND SHAPING THE REAL ESTATE INDUSTRY. IT SEEKS TO BE THE LEADING ADVOCATE OF THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY; THE ACKNOWLEDGED LEADER IN DEVELOPING STANDARDS FOR EFFICIENT, EFFECTIVE, AND ETHICAL REAL ESTATE PRACTICES; AND VALUED BY HIGHLY SKILLED REAL ESTATE PROFESSIONALS AND VIEWED BY THEM AS CRUCIAL TO THEIR SUCCESS. OUR ASSOCIATION IS WORKING ON BEHALF OF THE GREATER ORLANDO'S PROPERTY OWNERS. THE ASSOCIATION PROVIDES A FACILITY FOR PROFESSIONAL DEVELOPMENT, RESEARCH AND EXCHANGE OF INFORMATION AMONG ITS MEMBERS AND TO THE PUBLIC AND GOVERNMENT FOR THE PURPOSE OF PRESERVING THE FREE ENTERPRISE SYSTEM, AND THE RIGHT TO OWN, USE, AND TRANSFER REAL PROPERTY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE ELIGIBLE MEMBERS OF THE ASSOCIATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMBERS OF THE GOVERNING BOARD ARE ELECTED BY THE ELIGIBLE MEMBERS OF THE ASSOCIATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ASSOCIATION EXECUTIVE AND THE VICE PRESIDENT OF FINANCE ARE RESPONSIBLE FOR THE REVIEW OF FORM 990. FORM 990 IS AVAILABLE TO THE GOVERNING BOARD AS PER THEIR REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL BOARD MEMBERS AND EMPLOYEES. NEW BOARD MEMBERS COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT AT ORIENTATION. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SUBMIT A SIGNED CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. THESE STATEMENTS ARE REVIEWED BY THE BOARD PRESIDENT AND CHIEF EXECUTIVE OFFICER. ANY BOARD MEMBER HAVING A POSSIBLE OR ACTUAL CONFLICT OF INTEREST IS PROHIBITED FROM VOTING OR USING HIS/HER PERSONAL INFLUENCE ON THE MATTER, AND SHOULD NOT BE COUNTED AS PART OF A QUORUM FOR THE MEETING. THE SAME PROCESS APPLIES TO KEY EMPLOYEES OF THE ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS' BUSINESS PRACTICE IS TO APPOINT A SEARCH COMMITTEE FOR THE SEARCH AND SELECTION OF THE CHIEF EXECUTIVE OFFICER. THE SEARCH COMMITTEE (7 MEMBERS) HAS THE AUTHORITY OF HIRING A CONSULTANT TO ASSIST THE COMMITTEE IN THE SEARCH. THE CONSULTANT AND THE MEMBERS OF THE SEARCH COMMITTEE ARE FULLY INDEPENDENT AND CONFLICTS OF INTEREST ARE NOT ALLOWED. THE SEARCH COMMITEE'S WORK IS OVERVIEWED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS AND THEY CANNOT PROCEED WITHOUT THE BOARD OF DIRECTORS REVIEWING ALL THE CANDIDATES AND INFORMATION AND APPROVING THEIR RECOMMENDATION. THE ORGANIZATION ESTABLISHES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER ACCORDING TO A WRITTERN CONTRACT, WHICH IS RATIFIED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. THE ORGANIZATION'S HUMAN RESOURCES DEPARTMENT PERFORMS A SALARY SURVEY EACH YEAR, UTILIZING COMPARABILITY SURVEYS AND/OR OTHER WAGE RESEARCH, AND PAYSCALE IS ADJUSTED ACCORDINGLY FOR OTHER OFFICERS AND KEY EMPLOYEES.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>EQUITY INCOME FROM STELLAR MLS 2,401,669</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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        <FormAndLineReferenceDesc>SCHEDULE R</FormAndLineReferenceDesc>
        <ExplanationTxt>NAME OF RELATED ORGANIZATION: ORLANDO REGIONAL REALTOR FOUNDATION, INC. PRIMARY ACTIVITY: PROVIDING AFFORDABLE HOUSING TO ENHANCE THE QUALITY OF LIFE IN CENTRAL FL</ExplanationTxt>
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</Return>