Article 51. Professional public associations in the field of realtor activity

Professional public associations in the field of realtor activity are non-governmental non-profit organizations based on the membership of at least fifty realtor organizations and realtors. They operate with the aim of assisting in the enhancement and maintenance of professional standards of realtors, protecting their professional interests, including in courts.

Professional public associations in the field of realtor activity shall:

participate in the preparation of test questions for the realtor qualification exam and in conducting the exam;

approve the Realtorsʼ Code of Professional Conduct and ensure systematic monitoring of its observance;

prepare proposals for improving legislation on realtor activity;

admit realtor organizations and realtors into membership in the prescribed manner;

maintain a register of their members and publish it on their official website;

monitor their membersʼ compliance with this Law, national standards of realtor services, the Realtorsʼ Code of Professional Conduct, and other regulatory legal acts in the field of realtor activity;

expel realtor organizations and realtors from membership for violations identified through monitoring and submit recommendations to the authorized body for termination of the qualification certificate of violating realtors;

provide information and methodological support to their members;

participate in the work of international organizations and commissions of authorized state bodies in the field of realtor activity;

ensure monitoring of the realtor professional development system and, by January 20 each year, submit to the authorized body information on realtorsʼ completion of professional development courses at training centers.

Decisions adopted by professional public associations in the field of realtor activity within their competence shall be binding on all their members.

Professional public associations in the field of realtor activity are financed from entrance and membership fees, as well as other funds not prohibited by legislation. The amounts of such fees and tariffs are determined by the general meeting of their members.

Leaders and employees of professional public associations in the field of realtor activity are not entitled to be founders of realtor organizations, to work in realtor organizations or as realtors, to enter into civil-law contracts with realtor organizations, or to be affiliated persons in relation to managers, realtors, or other employees of realtor organizations.