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A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property. [1] If the broker is a member of the National Association of Realtors, the agreement must include all of the following terms:
Arbitration, in the context of the law of the United States, is a form of alternative dispute resolution.Specifically, arbitration is an alternative to litigation through which the parties to a dispute agree to submit their respective evidence and legal arguments to a third party (i.e., the arbitrator) for resolution.
‘Decisional mistakes are mistakes of law and occur when "a party [makes] the wrong choice between two known, alternative sets of facts". Universal Cooperatives, (citation partly omitted), 715 F. Supp. at 1114. On the other hand, an ignorant mistake occurs where "a party is unaware of the existence of the correct alternative set of facts". Id.
In contract law, an arbitration clause is a clause in a contract that requires the parties to resolve their disputes through an arbitration process. Although such a clause may or may not specify that arbitration occur within a specific jurisdiction, it always binds the parties to a type of resolution outside the courts, and is therefore considered a kind of forum selection clause.
A landmark agreement would eliminate real estate brokers' automatic commissions of up to 6%, potentially saving home buyers and sellers thousands of dollars.
The AAA was founded in 1926 by the merger of the Arbitration Society of America and the Arbitration Foundation to provide dispute resolution and avoid civil court proceedings. [2] Many contracts include an arbitration clause naming the AAA as the organization that will administer arbitration between the parties. The AAA does not itself ...
A recent report by FOX 35 News in Orlando was yet another example of a minor dispute between a homeowner and their community association making local news headlines to the detriment of the ...
WASHINGTON (AP) — The Supreme Court on Friday rejected a settlement between Western states over the management of one of North America’s longest rivers. In a 5-4 decision, the justices ruled ...