by Matthew J. Geyer, John A. Sherrill, and Herbert H. (Hal) Gray III
Arbitration is an important tool to consider for resolution of real estate industry disputes, both on the residential and commercial sides.
The benefits of arbitration are particularly applicable to most real estate industry disputes.
The reality of ongoing business relationships among the parties, the ability to choose an arbitrator experienced and knowledgeable in real estate matters, and the ability to streamline and customize the process to fit the particular issues involved all provide significant benefits to the disputing parties. This article describes the nature of several areas of real estate disputes, the advantages of using arbitration to resolve them, and suggests provisions for arbitration clauses to include in the governing contractual documents.