(1) If there is an agreement reached by the MLS Providers involved, a time limit will be set by the hearing panel for the corrections to be made. Failure to make the corrections within the agreed upon time limit will be treated in the same manner as if no agreement has been made.
(2) If an agreement is not reached by the MLS Providers involved, then the matter will be set for hearing before the full NTREIS Board of Directors, excluding any Directors representing any MLS Provider involved, under the following procedures:
(a) The CEO will schedule a hearing and notify each MLS Provider involved at least 20 days prior to the date and time fixed for the hearing.
(b) Each MLS Provider involved may have its duly authorized representative, legal counsel, if so desired, and all evidence and documentation supporting such MLS Provider's position ready to submit to the NTREIS Directors.
(c) The sole matter to be presented will be a hearing of the allegations.
(d) Evidence may be presented by each complainant MLS Provider.
(e) Evidence may be presented by each respondent MLS Provider.
(f) Questions may be asked by the NTREIS Directors to any MLS Provider involved.
(g) NTREIS Directors will deliberate in executive session for discussion and determination as what actions and sanctions, if any are to be invoked.
(h) Monetary sanctions, if any will be billed to the MLS Provider failing to enforce policies and payment will be required for continued services from NTREIS.
(i) The decision of the NTREIS Directors will be final. No further appeal or request for review will be permitted.