Question

In the event that the seller and broker have a dispute about the Exclusive Right To Sell Listing Contract, which of the following is true?
A) Both agree to submit to arbitration with the local REALTOR association.
B) Both agree to submit the matter to binding mediation.
C) Both agree to mediation before proceeding to arbitration or litigation
D) The matter must be resolved by a real estate commission hearing.

Answer 1

Answer:

C)

Explanation:

Based on the information provided within the question it can be said that in this situation both the broker and seller must agree to mediation before proceeding to arbitration or litigation. This term (mediation) refers to an intervention by a completely impartial third party in a dispute in order to resolve it and proceed with an agreed upon plan of action.

Answer 2

Answer:c

Explanation: