Further, Members other
than REALTORS ® may, upon recommendation of the Membership Committee, or upon recommendation by a hearing panel of the Professional Standards Committee, be subject to discipline as described above, for any conduct, which in the opinion of the Board of Directors, applied on a nondiscriminatory basis, reflects adversely on the terms REALTOR ® or REALTORS ® and the
real estate industry, or for conduct that is inconsistent with or
adverse to the objectives and purposes of the local Association, the State Association, and the NATIONAL ASSOCIATION OF REALTORS ®.
«Their bankruptcy is not reflective of
adverse conditions in the retail
real estate market,» says Stephen Sterrett, CFO of Simon Property Group, the Indianapolis - based REIT with the only retail portfolio larger
than General Growth's at 246 million square feet.