Create an Article›User Guide›

Conflict resolution in the Real estate industry

Sep 02, 2022


Notice: Undefined variable: cofig in /var/www/icrowdmarketing/submission/news.php on line 386

Notice: Trying to get property 'poweredby' of non-object in /var/www/icrowdmarketing/submission/news.php on line 386

iCrowdMarketing

Conflict resolution is a process by which two or more parties resolve disagreements and come to an agreement. In the real estate industry, conflict resolution can take many different forms, from mediation and arbitration to litigation.

There are many different methods of conflict resolution, and the best method for resolving a dispute will depend on the specific situation. However, some common methods of conflict resolution in the real estate industry include:

Mediation


Mediation is a process in which an impartial third party (the mediator) helps the parties involved in a dispute to reach a mutually agreeable resolution. The mediator does not make any decisions; instead, they facilitate communication between the parties and help them to identify possible solutions.

Arbitration


What is arbitration in real estate?

Arbitration is a process in which an impartial third party (the arbitrator) hears both sides of a dispute and makes a binding decision. Unlike mediation, arbitration is a more formal process, and the arbitrator’s decision is legally binding.

Litigation


Litigation is a process in which the parties involved in a dispute take their case to court and have a judge or jury decide the outcome. Litigation can be expensive and time-consuming, and it is often seen as a last resort.

Which method of conflict resolution is best for your situation will depend on many factors, including the severity of the dispute, the relationship between the parties involved, and the cost and time involved in each method. If you are involved in a dispute in the real estate industry, it is important to speak with an experienced attorney who can help you understand your options and choose the best course of action.

Which method is the best?


Conflict resolution methods can be generally categorized into two groups: those that emphasize formal procedures and those that do not. Some common methods of conflict resolution include litigation, arbitration, mediation, and collaborative law. The best method for resolving a dispute will often depend on the specific situation. However, some factors that may influence the decision of which method to use include the severity of the dispute, the relationship between the parties involved, the cost and time involved in each method, and the preference of the parties involved. If you are involved in a dispute in the real estate industry, it is important to speak with an experienced attorney who can help you understand your options and choose the best course of action.

Advice for using arbitration in real estate


If you are considering using arbitration to resolve a dispute in the real estate industry, there are a few things to keep in mind:

  1. Make sure that all parties involved agree to arbitrate. Arbitration is a voluntary process, and all parties involved must agree to participate.

  2. Choose an arbitrator who is experienced in real estate disputes. The arbitrator will play a critical role in resolving the dispute, so it is important to choose someone who is knowledgeable about the industry and has experience resolving similar disputes.

  3. Be prepared to present your case. Arbitration is a formal process, and you will need to present your evidence and arguments in a clear and convincing manner. It is important to work with an experienced attorney who can help you prepare your case and present it in the best light possible.

  4. Be prepared to accept the arbitrator’s decision. Unlike mediation, arbitration is a binding process, which means that you will need to accept the arbitrator’s decision, even if it is not in your favor.

  5. Be aware of the cost involved. Arbitration can be expensive, so you should be prepared to pay the arbitrator’s fees as well as any other associated costs, such as filing fees and expert witness fees.


If you are involved in a dispute in the real estate industry, arbitration may be a good option for you. However, it is important to understand the process and to work with an experienced attorney who can help you navigate the arbitration process.