Ever since like-minded real estate professionals gathered nearly a century ago to found the National Association of REALTORS® , the cooperative real estate transaction has been a hallmark of REALTORS®. The importance of cooperation in advancing the interests of sellers and buyers, landlords and tenants, and others who rely on REALTORS® and their services is underscored by the fact that the REALTOR® Code of Ethics has required cooperation as a condition of membership since the Code was created in 1913.
NAR’s Code of Ethics is the one factor that distinguishes REALTORS® from other real estate agents. The Code of Ethics is universally recognized by practitioners, lawyers and laymen alike as the measure of professionalism in real estate. When you abide by the Code, it ensures your fellow practitioners and the public of a high standard of business conduct.
If a monetary dispute arises between members or between members and their clients, CCIAOR offers an arbitration process that can be used in resolving complaints by members and the public.
For arbitration issues between two CCIAOR members, arbitration and an attempt at mediation are mandatory.
Arbitration services help resolve contractual issues and questions that arise between members, between members and their clients, and, in some cases, between parties of a transaction brought about through the efforts of REALTORS®.