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Realtors are required by the Code of Ethics to Arbitrate, rather than litigate, when financial disputes arise. The local Association administrates the Arbitration proceeding, which requires that parties attend a professional standards hearing. The hearing panel is made up of RealtorsŪ who determine which party should be awarded the amount in dispute. Prior to the professional standards hearing being held, the parties to an Arbitration proceeding will be offered the opportunity to Mediate their dispute. Mediation is provided at no cost to parties to an Arbitration proceeding, and can result in a win-win situation for the brokers. Click this link to read about the advantages of mediation over arbitration. If Mediation is not successful, or if the brokers do not wish to attempt to Mediate, then the hearing is held as scheduled and the outcome is determined by the hearing panel. To initiate Arbitration involving a member of MCAR, brokers must complete a Request for Arbitration Form #A-1 (see link to form below) and submit to MCAR with the appropriate fee. NOTE: MCAR members who wish to file for Arbitration involving a broker from a neighboring RealtorŪ Association must file with that Association. (This form is in Adobe PDF format. If you do not have Adobe Reader, |
