Bay Area Real Estate Information Services, Inc., a California nonprofit mutual benefit corporation (“BAREIS”), shall maintain for the use of its Members a real estate information service that shall be subject to the Bylaws of BAREIS (the “Bylaws”) and such Rules and Regulations (these “Rules and Regulations”) as may be hereinafter adopted from time to time by the Board of Directors (the “Board”).

The Rules and Regulations may be amended at any time and from time to time by the Board.