In this episode, we break down the dispute resolution provisions in the California Association of REALTORS® (CAR) Residential Purchase Agreement (RPA) and Lease Agreement. Understanding mediation and arbitration is critical for buyers, sellers, and agents alike to make informed decisions before signing.
We’ll cover:
- Mediation: Why it's the first step in resolving disputes, its costs, and the consequences of skipping it.
- Arbitration: When it applies, its costs, the enforceability of arbitration awards, and the limits on judicial review.
- Practical Considerations: The pros and cons of arbitration, strategic use of dispute resolution clauses, and the importance of legal consultation.
Whether you're a real estate professional or a homebuyer, this episode will help you navigate dispute resolution effectively. Stay tuned for key insights and legal considerations to protect your interests in real estate transactions!
Check out Fund2000.com for our Mortgage Lending team (NMLS 2277963).
Sold2000.com for our real estate Sales Team (DRE 02173355).
Learn more about host Chuck Hamm here
or on LinkedIn, and contact him at chuck@fund2000.com.
Video version of podcast on Youtube or search for Fund2000 Real Estate Podcast!
This content is not legal advice. Contact an attorney for legal advice.
For specific real estate sales or mortgage lending questions, you may contact chuck@fund2000.com
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