What is the role of a real estate dispute arbitrator?

A real estate dispute arbitrator is a neutral third-party who is hired to help resolve disagreements over real estate matters. This could include disputes involving residential or commercial properties, lease terms, broker fees, or other matters that arise in the real estate industry. The arbitrator’s role is to review the dispute, listen to all sides of the argument, and help the parties come to an agreement. The arbitrator is not a judge or lawyer and does not have the authority to make any binding or legal decisions that would be enforceable in court. Instead, the arbitrator will consider the evidence presented by both parties, evaluate the information, and then recommend a resolution that both parties agree to accept. The resolution is typically a settlement that each party can agree to. The arbitrator will typically provide a timeline for the resolution process, and make sure that the parties follow the agreed-upon timeline. In addition, the arbitrator may be responsible for overseeing the enforcement of the settlement. Because the arbitrator is a neutral third-party, the parties involved typically have a better chance of resolving the dispute quicker and more amicably than if they had gone through a court process. In California, the American Arbitration Association provides arbitration services for real estate disputes.

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What is the role of a real estate dispute arbitrator?

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