By becoming and remaining a member of a Board of REALTORS®, each member:

By becoming and remaining a member of a Board of REALTORS®, each member binds themselves to arbitrate certain disputes. This feature is central to the ethics and professional standards upheld by the National Association of REALTORS® and its local boards. Members agree to participate in the arbitration process as a means to resolve disputes that may arise with other members, especially concerning transactions and commission disputes. This commitment is crucial as it fosters a cooperative atmosphere among REALTORS® and helps to uphold the integrity of the profession.

The arbitration process also protects members and clients by providing a structured mechanism for conflict resolution, which can mitigate potential legal issues. This requirement aligns with the ethical obligations that REALTORS® accept, ensuring they adhere to a code of conduct that emphasizes professionalism and fairness within the industry.

In contrast, while dues payment, competition avoidance, and confidentiality are relevant factors in the real estate profession, they do not accurately capture the essential responsibility that comes with membership in a Board of REALTORS® like arbitration does.