Final answer:
The statement is false as REALTORS® can face discipline for a variety of infractions beyond violations of the Code of Ethics, including civil and criminal charges.
Step-by-step explanation:
The statement 'REALTORS® may only be disciplined if they violate the Code of Ethics; they are immune to other charges' is false. REALTORS®, as professionals holding real estate licenses, are subject to state laws and regulations concerning their professional conduct and can be disciplined for a range of infractions, not just for those related to the Code of Ethics. This includes civil and criminal charges that can arise from their business practices or personal conduct.