Both the Code of Ethics and Arbitration Manual require members to arbitrate certain disputes with members and clients. There is a $500 non-refundable filing fee. The complainant may submit the cost to the hearing panel which will take the filing fee into consideration when determining the award. Parties may use an attorney for arbitration but the association must be notified at least 15 days prior to the hearing. All brokers must be named in the arbitration since commissions are paid to the broker.
An arbitration must be filed within 180 days from close of escrow. However, if the transaction has not closed (and never will), then it is 180 days from the time the facts giving rise to the dispute occurred. If you prefer to mediate the dispute and all parties agree, please call PSAR we will be happy to recommend a mediator.
The Procuring Cause Guidelines address how to determine which of the brokers involved in a transaction is responsible for its successful completion, and therefore entitled to the commission. More. (requires C.A.R. Login)
There is a non-refundable one time filing fee of $500 required to administer the arbitration.