Wednesday, July 27, 2011

Resolution of Disputes among Realtors and Agents | Finanacial Blog

?You should respect each other and refrain from disputes; you should not, like water and oil, repel each other, but should, like milk and water, mingle together.? ? Buddha

People differ in so many ways, therefore disputes are always on the scene. Well, we can say that it is a part of life. People exist and so disputes are. In the many uncertainties of life, it is one thing that is certain.

The real estate industry is not exempted either as everything about it is uncertain as well and not always as what we want it to be. Every transaction relating to real estate, there are times that you and your agent have conflicts or disputes that you cannot resolve immediately all by yourselves. Perhaps, it happened that the real estate agent did his or her task poorly or has represented something that ended up a failure or not like what you desired it to be. Maybe it is just that your agent did his or her duties satisfactorily yet you who have misinterpreted everything. Maybe the listing agent has a dispute with you about something related to the deal that both of you have set for Pucellville Real Estate for instance.

In the listing contract, all the methods that will be used to settle such disputes are indicated. Deciding to choose a binding arbitration can be ideal as it is usually cheaper than to hire a lawyer and pursue the dispute to court while winning the case is not assured. Usually, such matters that can be dealt about and agreed with in a small claims in court do not require a binding intercession about Kennesaw Georgia Homes.

There is no obligation in your part to sign or initial the binding negotiation clause. It will spare you in getting the services of a lawyer and pursuing disputes in civil court instead of binding negotiation. But you do not need somebody to recommend one option or the other for you. Nonetheless, the decision is yours. When you decide, however you need to check things out first to avoid ending up to a regretting decision in your life.

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Source: http://www.finanacialblog.com/financial/resolution-of-disputes-among-realtors-and-agents/

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