Part Eight, Section 37 — Duties of Membership
The duties of membership include the following:
(a) to abide by the Code of Ethics of the NATIONAL ASSOCIATION OF REALTORS®
(b) to abide by the bylaws of this Board and its rules and regulations
(c) to submit to arbitration all disputes specified in Part Ten of this Manual by the procedure therein provided, and to abide by the arbitrators’ award* (Revised 11/96)
Subject to any preliminary consideration by any administrative body of the Board or its subsidiary MLS, any allegations or charges that a member has violated any membership duty shall be referred to the Professional Standards Committee for review in conformity with the procedures established in this Manual as from time to time amended. (Revised 11/91)
*While most states recognize the enforceability of a prior agreement to arbitrate disputes, a few states prohibit an agreement to arbitrate until after the dispute has arisen and in a few instance such arbitration is not recognized at all (or at least is unenforceable by the court). Where such prohibition exists, Board (state) legal counsel should be consulted and the Manual modified accordingly. Arbitration conducted by Member Boards shall in all respects conform to the requirements of state law applicable to arbitration. If a member refuses to abide by an award in arbitration, enforcement of the award shall be accomplished only in the manner set forth in Part Four, Section 24 and Part Ten, Section 56 of this Manual.