MEMBERSHIP ACKNOWLEDGEMENT
I have read and agree to abide and be bound by the Bylaws, Policies and Procedures, Rules and Regulations of Baldwin REALTORS® Association (BR), and the Bylaws, Policies and Procedures, Rules and Regulations of Baldwin REALTORS® MLS, and the Constitution and Bylaws of the State Association (if applicable), and the Bylaws and Code of Ethics of the NATIONAL ASSOCIATION OF REALTORS®.
I further agree to be bound the obligation to submit to ethics hearings and the duty to arbitrate contractual disputes with other REALTORS® in accordance with the established procedures of BR. I understand that a violation of the Code of Ethics may result in suspension or termination of membership and MLS rights and privileges and that I may be assessed an administrative processing fee not to exceed $500 which may be in addition to any discipline, including fines, that may be imposed.
I irrevocably waive all claims against BR or any employees, officers, directors or members for any act or omission in connection with the business of BR, including the interpretation and/or application of the Bylaws, Policies and Procedures of BR and the acceptance of or failure to accept, advance, suspend, expel or discipline me as a member of BR. The authority of the Grievance and Professional Standards Committees of BR, are expressly acknowledged and accepted by me, and I acknowledge and agree that I will arbitrate future contractual disputes arising out of the real estate business as specified by Article 17 of the Code of Ethics and set forth in the Code of Ethics and Arbitration Manual of the NATIONAL ASSOCIATION OF REALTORS® and the Policies and Procedures Manual of BR, all as from time to time amended.
I understand that the Baldwin REALTORS®, Inc. may terminate my membership if this application contains misrepresentations or I fail or refuse to comply with the conditions of membership as stated in the Bylaws, Policies and Procedures and Regulations of this Association and the NATIONAL ASSOCIATION OF REALTORS®. Upon expiration or termination of my membership with the NATIONAL ASSOCIATION OF REALTORS® for any cause or reason whatsoever, I will discontinue use of the term “REALTOR®”. Further I agree that if I resign or am terminated from membership with any outstanding dues and fees (including any costs and sums preciously awarded by the Arbitration Hearing Panel in conjunction with arbitration proceedings), the Board of Directors may conditionally renew or reinstate membership upon my payment of said fees.
I understand that if I no longer wish to maintain my membership, BR must be notified in writing with the proper forms provided. I further understand there will be no refund of dues paid should I terminate my membership in BR.