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New Agent Ethics Training

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  1. Introduction
  2. Chapter Objectives
  3. Key Terms
  4. Study of the Code of Ethics (Part 1 of 2)
  5. Need for the Code of Ethics
  6. Membership in NAR
  7. Uniqueness of the Code of Ethics (Part 1 of 2)
  8. Uniqueness of the Code of Ethics (2 of 2)
  9. Overview of the Code of Ethics
  10. Preamble (Part 1 of 2)
  11. Preamble (Part 2 of 2)
  12. Articles of Standards of Practice ( Part 1 of 2)
  13. Articles of Standards of Practice (Part 2 of 2)
  14. Duties to Clients and Customers (Part 1 of 2)
  15. Duties to Clients and Customers (Part 2 of 2)
  16. Duties to the Public
  17. Duties to Realtors
  18. Referencing Articles in Ethics Complaints (Part 1 of 2)
  19. Referencing Articles in Ethics Complaints (Part 2 of 2)
  20. Case Interpretations (Part 1 of 2)
  21. Case Interpretations (Part 2 of 2)
  22. Why Study Enforcement
  23. Primary Enforcement Issues
  24. Local Enforcement (Part 1 of 3)
  25. Local Enforcement (Part 2 of 3)
  26. Local Enforcement (Part 3 of 3)
  27. Parties to an Ethics Complaint
  28. Parties to Arbitration
  29. Ethics Complaints and Arbitration Requests
  30. How Complaints are Handled
  31. Grievance Committee
  32. Professional Standards Committee
  33. Board of Directors
  34. Ethics Examples (Part 1 of 2)
  35. Ethics Examples (Part 2 of 2)
  36. Arbitration Examples (Part 1 of 2)
  37. Arbitration Examples (Part 2 of 2)
  38. The Arbitration Process
  39. Mandatory Arbitration
  40. Voluntary Arbitration (Part 1 of 2)
  41. Voluntary Arbitration (Part 2 of 2)
  42. Mediation (Part 1 of 2)
  43. Mediation (Part 2 of 2)
  44. Conclusion (Part 1 of 2)
  45. Conclusion (Part 2 of 2)

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New Agent Ethics Training The Arbitration Process
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Lesson 38 of 45
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The Arbitration Process

bryanlenox February 17, 2021

Arbitration occurs at the REALTOR principal level.  Some states have only broker licensees but there is usually one principal broker per real estate brokerage.  Many states have two tiers of licenses-brokers and salespeople who work for the brokers.  Additionally, appraisers are considered REALTOR principals if they operate an office that performs only appraisals.  If more than one person in the company has a broker’s license, only one of them is the REALTOR principal.

 

The terms used to identify REALTOR principal or the person in charge of the brokerage vary from state to state.  Some examples include:

 

  • Broker of record
  • Broker-in-charge
  • Managing or designated broker

 

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