BR and BR MLS MEMBERSHIP ACKNOWLEDGEMENT
I have read and, in the event of my acceptance to membership in Baldwin REALTORS® (BR) and/or Baldwin REALTORS® MLS (BR MLS), I agree to abide and be bound by the Bylaws, Policies and Procedures, Rules and Regulations of BR and BR MLS, Constitution and Bylaws of the State Association (if applicable), and the Bylaws and Code of Ethics of the NATIONAL ASSOCIATION OF REALTORS®.
I irrevocably waive all claims against the Association and Baldwin MLS or any employees, officers, directors or members for any act or omission in connection with the business of the Association and Baldwin MLS, including the interpretation and/or application of the Bylaws and Policies and Procedures of the Association, Bylaws and Rules and Regulations of the MLS, and the acceptance of or failure to accept, advance, suspend, expel or discipline me as a member of the Association and/or Baldwin MLS. The authority of the Grievance and Professional Standards Committees of the Association, 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 this Association, all as from time to time amended. I understand that a violation of the Code of Ethics may result in suspension or termination of membership 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 understand that my membership may be terminated if this application contains misrepresentations or I fail to comply with the conditions of membership as stated in the Bylaws, Policies and Procedures and Regulations of this Association, the NATIONAL ASSOCIATION OF REALTORS®, and Baldwin MLS. 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.
If elected to membership I agree, to pay (when due) the established fees, dues, assessments and fines, in effect as long as I am a member of this Association. I understand that if I no longer wish to maintain my membership, the Association 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.