What is required by the Georgia Association of REALTORS® for local board members regarding arbitration?

The requirement set by the Georgia Association of REALTORS® for local board members regarding arbitration emphasizes the importance of cooperation among boards to effectively resolve disputes. Entering into a cooperative enforcement agreement with at least one other board enhances the framework for arbitration processes, ensuring that the members are operating within a cohesive and standardized system. This facilitates smoother resolutions and promotes adherence to ethical practices across different boards, ultimately benefiting both real estate professionals and consumers.

The other options do not address this specific aspect of arbitration requirements. While ethics training is vital for maintaining professional standards, and reporting or joint marketing may be beneficial for other operational reasons, they do not directly pertain to the mediation and dispute resolution environment emphasized by the cooperative enforcement agreement. Such agreements are crucial in the context of upholding the integrity of arbitration processes within the real estate profession.