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Introduction
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Chapter Objectives
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Key Terms
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Study of the Code of Ethics (Part 1 of 2)
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Need for the Code of Ethics
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Membership in NAR
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Uniqueness of the Code of Ethics (Part 1 of 2)
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Uniqueness of the Code of Ethics (2 of 2)
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Overview of the Code of Ethics
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Preamble (Part 1 of 2)
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Preamble (Part 2 of 2)
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Articles of Standards of Practice ( Part 1 of 2)
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Articles of Standards of Practice (Part 2 of 2)
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Duties to Clients and Customers (Part 1 of 2)
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Duties to Clients and Customers (Part 2 of 2)
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Duties to the Public
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Duties to Realtors
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Referencing Articles in Ethics Complaints (Part 1 of 2)
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Referencing Articles in Ethics Complaints (Part 2 of 2)
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Case Interpretations (Part 1 of 2)
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Case Interpretations (Part 2 of 2)
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Why Study Enforcement
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Primary Enforcement Issues
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Local Enforcement (Part 1 of 3)
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Local Enforcement (Part 2 of 3)
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Local Enforcement (Part 3 of 3)
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Parties to an Ethics Complaint
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Parties to Arbitration
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Ethics Complaints and Arbitration Requests
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How Complaints are Handled
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Grievance Committee
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Professional Standards Committee
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Board of Directors
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Ethics Examples (Part 1 of 2)
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Ethics Examples (Part 2 of 2)
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Arbitration Examples (Part 1 of 2)
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Arbitration Examples (Part 2 of 2)
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The Arbitration Process
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Mandatory Arbitration
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Voluntary Arbitration (Part 1 of 2)
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Voluntary Arbitration (Part 2 of 2)
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Mediation (Part 1 of 2)
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Mediation (Part 2 of 2)
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Conclusion (Part 1 of 2)
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Conclusion (Part 2 of 2)
Arbitration is used to resolve monetary disputes between two REALTORS. This is also known as a commission dispute.
Many associations, even for their members, charge a fee for arbitration due to the costs involved, such as the association’s attorney and a. court reporter being present. In other words, if one licensee thinks another licensee “stole my client and my commission” and neither one is a REALTOR, this process is not automatically open to them.