If you are involved in a dispute regarding entitlement to a commission or other monetary compensation in a real estate transaction, Article 17 of the NAR Code of Ethics states you can file a request to arbitrate with GCAAR. View Article 17 of the 2017 NAR Code of Ethics.
Terms to Know
Arbitration: A form of alternative dispute resolution where a third party review the evidence and imposes a decision that is legally binding and enforceable in court.
Conditions for Mandatory Arbitration: Both parties are required to complete the arbitration process.
Conditions for Voluntary Arbitration: The respondent may choose not to engage in arbitration and the case is dismissed.
Mediation: A dispute resolution process which is an alternative to arbitration. In mediation a third party mediator assists the parties to negotiate a settlement. Although mediation is voluntary, it is highly recommended that parties take advantage of this service which is provided by the Association. View the NAR brochure entitled “Mediation, the winning solution.”
Questions? Contact firstname.lastname@example.org.