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associations so long as their pro-
competitive effects outweigh their
anti-competitive effects. The REALTORS ®
Code of Ethics must be vigorously enforced
®
by local associations of REALTORS , even
to the extent of suspending or expelling
offending members. This can, and should,
be done so long as the Code is strictly
construed according to the applicable
Standards of Practice and Case
Interpretations and enforced pursuant to
the procedures set forth in the National
Association’s Code of Ethics and
Arbitration Manual or its local equivalent.
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