Details of a Listing Contract
Resolution
of Disputes
There are times when you and your agent
have a disagreement that you cannot resolve by yourselves. Maybe the
agent did a poor job or misrepresented something. Maybe your agent was
really doing their job correctly, but you did not understand. Perhaps
the agent will have a dispute with you.
The listing contract specifies what
methods will be used to settle such disputes. You can choose to accept
binding arbitration, which is usually cheaper than hiring a lawyer and
going to court. Usually, matters that can be dealt with in a small
claims court are excluded from having to go to binding arbitration.
You are not required to sign or initial
the binding arbitration clause. This would leave you free to hire
an attorney and pursue disputes in civil court instead of binding
arbitration. However, we are not recommending one choice or the
other. That is your decision.
© 2000 by Terry Light and RealEstate ABC, revised 2004
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