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There are times when you and your agent have a
disagreement that you cannot resolve by yourselves. Maybe the agent did a poor
job or misrepresented something. Maybe your agent was really doing their job
correctly, but you did not understand. Perhaps the agent will have a dispute
with you.
The listing contract specifies what methods will be used
to settle such disputes. You can choose to accept binding arbitration, which is
usually cheaper than hiring a lawyer and going to court. Usually, matters that
can be dealt with in a small claims court are excluded from having to go to
binding arbitration.
You are not required to sign or initial the binding
arbitration clause. This would leave you free to hire an attorney and
pursue disputes in civil court instead of binding arbitration.
Consult your attorney for advise on this legal matter.
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