When there are monetary disputes between REALTORS® arising out of their relationship as REALTORS®, the Association provides Arbitration to settle the dispute. If the REALTORS® are of different firms, the Arbitration process is a mandatory requirement of membership.
A majority of Arbitration requests are to determine the procuring cause of a sale or lease although the process can also be used to determine the amount of a commission when there is no dispute over procuring cause. Procuring Cause is defined as the uninterrupted series of events that leads to a successful transaction. Many factors go in to determining procuring cause and it is important to understand that the decision does not hinge on just one factor.
A request for arbitration must be filed within 180 days after the closing of the transaction, if any, or within 180 days after the facts constituting the matter could have been known in the exercise of reasonable diligence, whichever is later.
If you have any questions, please contact Cub at 919-929-4032. Please see the helpful links and forms below.