RACI is the professional association representing six counties of central Indiana’s REALTORS®. Founded in 1917, RACI received it’s NAR charter in January of 1920 and now serves the needs of members in Cass, Grant, Howard, Miami, Tipton, and Wabash counties. In addition to serving these counties, RACI is also part of a 14 Board/47 county Multiple Listing (MLS) service Indiana Regional MLS (IRMLS).
What sets REALTORS® apart from non-member licensed real estate professionals is their voluntary adherence to a strict Code of Ethics. But even with the best of intentions, sometimes disagreements occur between REALTOR® members and their clients, or even sometimes between REALTORS®.
Boards and Associations of REALTORS® are responsible for enforcing the REALTORS® Code of Ethics. The Code of Ethics imposes duties above and in addition to those imposed by law or regulation and which apply only to real estate professionals who choose to become REALTORS®.
Many difficulties between real estate professionals (whether REALTORS® or not) result from misunderstanding, miscommunication, or lack of adequate communication. If you have a problem with a real estate professional, you may want to speak with them or with the managing broker of their firm. Open, constructive discussion often resolves questions or differences, eliminating the need for further action.
RACI is part of a statewide professional standards program administered by Indiana Association of REALTORS®. The initial complaint process begins at the local association level.
Ethics complaints are filed about behavior; arbitration is requested when there is a commission dispute.
Yes. The limit is 180 days from the time that you could have known there was a dispute.