The duty of REALTORS® to arbitrate is based in the Code of Ethics, specifically, Article 17, which provides:
- In the event of contractual disputes or specific non-contractual disputes as defined in Standard of Practice 17-4 between REALTORS® (principals) associated with different firms, arising out of their relationship as REALTORS®, the REALTORS® shall submit the dispute to arbitration by following the regulations of their Board or Boards rather than litigate the matter.
- The obligation to participate in arbitration contemplated by this Article includes the obligation of REALTORS® (principals) to cause their firms to arbitrate and be bound by any award.
- While many disputes that arise between REALTORS® will involve contractual questions, there may also be related "non-contractual" issues or questions that arise under certain circumstances. For that reason, the duty to arbitrate encompasses not only contractual issues but also several specific non-contractual issues enumerated in Standard of Practice 17-4.
Visit the dropdown below to learn about GMAR's Arbitration Process.