Buyer-Seller Dispute Packet - Arizona Association of REALTORS: Fill out & sign online

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What is a buyer/seller dispute?

A dispute is an opportunity for the buyer and seller to communicate directly with each other. By opening a dispute, you're asking the seller for help to resolve problems you've had with your transaction.

What is the purpose of arbitration?

Arbitration has four types of functions: resolving contractual disputes between management and labor, addressing interests of different parties in bargaining situations such as public sector labor relations, settling litigated claims through court-annexed programs, and resolving community disputes.

How much does arbitration cost in Arizona?

Arizona, however, is one of the few states that does not charge for fee arbitration. Rather, Arizona's Fee Arbitration Program is a free forum in which lawyers and clients can resolve their differing views on what fees are appropriate for the legal services performed.

What is Realtor arbitration?

Arbitration often involves a binding agreement and occurs when an arbitrator, often a lawyer, applies law and facts to the case resulting in a reward or solution. Mediation, which is non-binding, involves a mediator assisting both parties with communication, in hopes of coming to a shared agreement.

Is real estate arbitration binding?

Impacts of Real Estate Agents \u2013 Although the Mediation and Arbitration provisions may be binding on the Buyer and Seller, they are not binding on the real estate brokers or agents involved in the transaction.

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