REALTORS® Arbitration Requirement
What disputes are REALTORS® required to arbitrate?
a. all disputes.
b. all disputes with other REALTORS®.
c. disputes with REALTORS® associated with different firms.
d. those disputes specified by Article 17 of the Code of Ethics.
Answer:
REALTORS® are obligated to arbitrate disputes as determined by Article 17 of the Code of Ethics, which largely pertains to professional, business-related disagreements with other REALTORS®, both within the same or different firms.
REALTORS® are mandated to arbitrate disputes as outlined in Article 17 of the Code of Ethics. In accordance to this Article, the obligation to mediate typically applies to disagreements with other REALTORS® that are business-related, including equally those related to REALTORS® within the same firm and those associated with different firms. Nevertheless, not all disputes necessarily fall under this requirement, as the emphasis is on those that are specified by Article 17.
It is important for REALTORS® to understand the arbitration requirement and comply with the guidelines set forth in the Code of Ethics to maintain professionalism and integrity in the real estate industry.