Since its' inception in 1913, the Code of Ethics has been the cornerstone of the NATIONAL ASSOCIATION OF REALTORS® and the many local and state Associations. The Code has withstood the test of time and is the basic instrument responsible for setting forth the obligations of REALTORS®. Association membership is voluntary, but compliance with the Code is a condition of REALTOR® membership. Therefore, members are obligated to submit to or participate in proceedings as required in the Professional Standards process.