CVAR I-Frame Demo

Arbitration

Most real estate transactions proceed peacefully; minor disputes between the parties usually can be worked out with a little negotiation and compromise. However, consumers and REALTORS® sometimes find themselves confronted with disputes that they are unable to resolve by themselves.

What is Arbitration?
Arbitration is the term used to describe a form of dispute resolution that occurs outside of the court system. All CVAR members are required to settle their monetary disputes (usually a commission issue) through the use of our Arbitration Program. Members submit an arbitration request to CVAR, which includes a detailed summary of the events and a $300 filing fee. This filing fee is non-refundable but you may submit your costs to the panel and they will take your filing fee into consideration when determining the award.

You may use an attorney for arbitration but the association must be notified at least 15 days prior to the hearing. All brokers must be named in the arbitration since commissions are paid to the broker.

Procedure

Once a complaint is filed, we begin the process and contact the respondent for their response. A hearing will be scheduled and three panel members from our list of qualified Professional Standards Committee member’s (all volunteers) will be selected to hear your case and reach a conclusion.

Requirements
An arbitration must be filed within 180 days from close of escrow. However, if the transaction has not closed (and never will), then it is 180 days from the time the known facts of the dispute occurred.