Alpha Sigma Gamma, the International Real Estate Honorary Society
Department of
Finance, Fox School of Business, Temple University, Philadelphia, PA 19122
Constitution
Of
Alpha Sigma Gamma
The International Real Estate Honorary Society
(Revised May 1, 2006)
(September 20, 2006)
The intent of this Constitution is to set forth the purposes of the Society, along with the basic policies and procedures necessary to achieve these purposes, with emphasis on elections, duties of officers and directors, the authority for the actions of the Board of Directors, and the requirements for maintaining records and books of accounts.
Organizationally, this Constitution is to be limited to the establishment of the Society, to the definition of membership categories, the definition of the Society’s authority to act in broad terms, and to the procedures necessary for the election and duties, broadly defined, of officers and directors. The Bylaws are intended to extend the Constitution to encompass the details of the day-to-day operation and functioning of the Society. The overall purpose of both documents is to establish a stable institutional format for the Society that promotes clear communication, effective teamwork, and the optimal use of the Society’s resources to achieve the goals set forth by the Society.
| Article | Title | |
| I. II. III. IV. V. VI. VII. VIII. IX. X. XI. XII. |
NAME PURPOSE MEMBERSHIP ORDERS of MERIT INTERNATIONAL CHAPTER LOCAL CHAPTERS GOVERNANCE BY LAWS LEGAL AND FISCAL AFFAIRS BOOKS AND RECORDS AMENDMENTS to the CONSTITUTION AMENDMENTS |
Article I
The name for the Society shall be Alpha Sigma Gamma, the International Real Estate Honorary Society; hereafter, the Society or ASG.
Article II
The
purposes of the Society shall be to:
1. Recognize and reward superior academic performance in real estate and real estate related curricula.
2. Encourage teaching and research in real estate and real estate related curricula.
3. Recognize individuals in real estate and related professional and business activities who exemplify the intelligent and ethical application of real estate knowledge.
Article III
There will be three basic categories of membership for the Society: Student, Honorary and Faculty. Membership criteria are as follows:
§ 1: Undergraduate Student Members
In order to qualify for membership undergraduate students must:
1. Have completed a minimum seventy-five percent (75%) of the total credit hours required for a bachelors degree.
2. Have completed the equivalent of a minimum six (6) semester hours of real estate and/or real estate related courses.
3. Have a grade point average of 3.75 or better on a four-point scale for all real estate and related courses or the equivalent.
4. Have a grade point average of 3.25 or better on a four-point scale for all college level courses undertaken.
5. Have good academic standing at the institution.
§ 2: Graduate Student Members - Master’s Level
In order to qualify for membership master’s level students must:
1. Have completed a minimum of fifty percent (50%) of the total credit hours required for the Master’s degree.
2. Have completed the equivalent of a minimum of six (6) semester hours in real estate and related courses or the equivalent.
3. Have a grade point average of 3.75 or better on a four-point scale for graduate real estate and related coursework.
4. Have a grade point average of 3.50 or better on a four-point scale for all graduate course work in the student’s Master’s program.
5. Have good academic standing at the institution.
§ 3: Graduate Student Members - Doctoral Level
In order to qualify for membership doctoral students must:
1. Have made substantial progress in the required work for the doctoral degree.
2. Have completed a minimum of nine (9) semester hours of real estate and related course work or the equivalent.
3. Have a grade point average of 3.75 or better on a four-point scale on for graduate real estate and related coursework.
4. Have demonstrated the ability to successfully complete a doctoral degree program.
5. Have good academic standing at the institution.
Article IV
The Society may award the Order of Merit to qualified members of the Society in recognition of extraordinary contributions to the Society, to real estate students, real estate education or for real estate research. Any member of the Society may make nominations. The Executive Committee of ASG or the Board of Directors of the American Real Estate Society will approve Order of Merit candidates and shall apply extremely rigorous standards in the approval process.
Article V
All International Chapters shall have the authority to initiate members as deemed appropriate. All criteria or their equivalent for local (U.S.) membership shall apply to the membership for international chapters.
Article VI
§ 1: Creation of Chapters
The Executive Committee has the authority to issue a chapter creating a local or
international chapter at colleges and universities that grant Bachelor’s,
Master’s and/or Doctoral degrees and that offer a real estate curriculum.
Chapters will be named after the host institution unless the Executive Committee
approves otherwise.
§ 2: Chapter Officers
All chapters shall have a Chapter President selected from the real estate
faculty at the host institution. The name of the Chapter President shall be
provided to the Society on an annual basis or at the selection of a new Chapter
President. The Chapter President’s duties shall include the identification of
nominees for membership, the submission of appropriate paperwork and funds in a
timely manner and the initiation of new members.
§ 3: Suspension and Revocation of Charters
A chapter charter may be suspended or revoked by two-thirds vote of the
Executive Committee. Reasons for suspension or revocation include, but are not
limited to: inactivity; elimination or reduction of real estate course offerings
below the level necessary for students to attain membership; or failure to
uphold the criteria for membership.
Article VII
§ 1: Board of Directors
The Board of Directors of the American Real Estate Society shall serve as the
Board of Directors for ASG.
§ 2: Officers
The officers of the Society shall be a President, Vice-President and
Secretary/Treasurer. The President and Vice-President shall have two (2) year
terms and the secretary/treasurer shall have a five (5) year term. ASG officers
shall assume office at the same time as officers of the American Real Estate
Society.
§ 3: President
(A) Election
The President shall be elected by majority vote of the Board of Directors
present at the annual board meeting. Any member of the Board of Directors
present may nominate candidates.
(B) Duties
The President shall be principal executive officer and shall perform all duties
incident to the office of president and such other duties as may be decided upon
by the Board of Directors. The president shall present a report of all ASG
activities to the Board of Directors at its annual meeting. The President shall
be an ex-officio, non- voting member of the Board of Directors.
The President shall be responsible for public relations, chapter formation, and
chapter operations.
§ 4: Vice-President
(A) Election
The Vice-President shall be elected by a majority vote of the Board of Directors
present at the annual meeting. Any member of the Board of Directors present at
the meeting may nominate candidates.
(B) Duties
The Vice-President shall be responsible for public relations, chapter formation
and chapter operations as diected by the President.
§ 5: Secretary/Treasurer
(A) Election
The Secretary/Treasurer shall be elected by majority vote of the Board of
Directors present at the annual meeting. Any member of the Board of Directors
present at the meeting may nominate candidates.
(B) Duties
The Secretary/Treasurer shall handle membership rosters and records, arrange for
the preparation of certificates and other ASG items and account for all monies.
§ 6: Executive Committee
The Executive Committee shall be composed of the ASG President, Vice-President
and Secretary/Treasurer, and the American Real Estate Society President or
President-Elect and the Executive Director of the American Real Estate Society
and shall act on behalf of ASG between meetings of the Board of Directors.
Article VIII
The Executive Committee has the authority to adopt and implement by-laws necessary to manage the affairs of the Society, subject to approval of the Board of Directors.
Article IX
§ 1: Contracts
The Board of Directors may authorize any officer or officers, agent or agents of
the Society, in addition to any officers so authorized by the by-laws, to enter
into any contract or execute and deliver any instrument in the name or on behalf
of he Society. Such authority may be general or confined to specific instances.
§ 2: Checks, Drafts and other Documents
All checks, drafts or other orders for the payment of money, notes or other
evidences of indebtedness issued in the name of he Society shall be signed by
such officer or officers, agent or agents, of the Society and in such manner as
shall from time to time be determined by the Board of Directors.
§ 3: Deposits
All funds of the Society shall be deposited from time to time to the credit of
the Society in such banks, trust companies or other depositories as the
Secretary/Treasurer may select. The Board of Directors shall be kept fully
informed of all investments, accounts and monies.
Article X
The Society shall keep correct and complete books and records of account and shall also keep minutes of the proceedings of the meetings of its members, Board of Directors, and committees having any of the authority of the Board of Directors, and shall keep at the registered or principal office, records giving the names and addresses of its members. All books and records of the Society may be inspected by any member, agent or attorney for any proper purpose at any reasonable time.
Article XI
AMENDMENTS TO THE CONSTITUTION
This Constitution may be altered, amended or repealed and new provisions may be adopted by a two-thirds (2/3) vote of the Board of Directors. Such alterations, amendments, or repeals shall be immediately operative upon adjournment of the Board of Directors meeting at which the actions are approved. However, the Board’s actions may be submitted to a mail ballot of the membership if deemed necessary by the membership. All members of the Board are to be provided a written notice if motion of any proposed change or addition at least 40 days prior to the vote. This notice of motion requirement may only be waived by a unanimous vote of all Board members.
Article XII
None Enacted.