Section 15. Arbitration of Disputes
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By becoming and remaining a Participant, each Participant agrees to arbitrate disputes involving contractual issues and questions, and specific non-contractual issues and questions defined in Standard of Practice 17-4 of the REALTORS® Code of Ethics with TREND Participants in different firms arising out of their relationships as TREND Participants, subject to the following qualifications.
Note to sub-sections (a), (b) and (c) above:
If the disputants are primary members of Associations of REALTORS® in different states or if their principal places of business are in different states then they remain obligated to arbitrate in accordance with the procedures of the state Association of REALTORS® in which the property giving cause to the dispute is located.
Inter-association Arbitration Procedures: Arbitration shall be conducted in accordance with any existing inter-association agreement or, alternatively, in accordance with the Inter-board Arbitration Procedures in the Code of Ethics and Arbitration Manual of the National Association Of REALTORS®. Nothing herein shall preclude Participants from agreeing to arbitrate the dispute before a particular Association of REALTORS® or elsewhere.
(Note: for enforcement of rules see Section 9.) (modified 8/2002)