ARBITRATION OF DISPUTES

Section 15 - Arbitration of Disputes:

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 Code of Ethics with MLS Participants in different firms arising out of their relationships as MLS Participants subject to the following qualifications.

(A) If all disputants are members of the same Board of REALTORS® or conduct business within the same Board’s territorial jurisdiction, they shall arbitrate pursuant to the procedures of that Board of REALTORS®.

(B) If the disputants are members of different Boards of REALTORS® or if their principal place of business is located within the territorial jurisdiction of different Boards of REALTORS®, they remain obligated to arbitrate in accordance with the procedures of the Arizona Association of REALTORS®.