The Anti-Trust document covers the topic of competition served by the antitrust laws, and communicates the Association’s uncompromising policy to comply strictly in all respects with those laws.
The Bylaws of the Great Falls Association of REALTORS® cover the name of the association, it’s objectives, jurisdiction, membership, qualifications and election of officers, privileges and obligations, professional standards and arbitration policies, usage of the terms REALTOR® and REALTORS®, state and national memberships, dues and assessments, officers and directors, meetings, committees, the fiscal and elective year, rules of order, amendments and dissolution terms.
The General Operating Policy of the Great Falls Association of REALTORS® covers the bylaws, REALTOR® membership, local & affiliate memberships, dissemination of information policies, candidate commitments to office, meetings, responsibilities of the board of directors, committees, and task forces, the executive committee, awards & certificates, contributions, staff and executive officer requirements, lockbox information, media and public relations policies, financial policies, office equipment, business forms, legal counsel, education policies, conference room rental, travel policies, MLS information, professional standards, liquor policies, anti-trust policy and inspections of records by members of a non-profit corporation.
A multiple listing service is a means by which authorized participants make blanket unilateral offers of compensation to other participants (acting as subagents, buyer agents, or in other agency or non-agency capacities defined by law); by which cooperation among participants is enhanced; by which information is accumulated and disseminated to enable authorized participants to prepare appraisals, analyses, and other valuations of real property for bona fide clients and customers; by which participants engaging in real estate appraisal contribute to common databases; and is a facility for the orderly correlation and dissemination of listing information so participants may better serve their clients and the public. These are the rules by which it is governed.
The MLS Violation Policy is in accordance with Section 7 and 9 of the MLS Rules. This policy does not cover violations of the Code of Ethics. Therefore, professional standards enforcement is administered through the Great Falls Association of REALTORS®. This document explains possible violations, their penalties and the process in which they are assessed.