{"id":180384,"date":"2025-01-06T05:38:23","date_gmt":"2025-01-06T05:38:23","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=180384"},"modified":"2025-01-06T05:38:25","modified_gmt":"2025-01-06T05:38:25","slug":"arbitration-hearings-are-often-based-on-2","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2025\/01\/06\/arbitration-hearings-are-often-based-on-2\/","title":{"rendered":"Arbitration hearings are often based on"},"content":{"rendered":"\n

Arbitration hearings are often based on:<\/p>\n\n\n\n

a. disputes between REALTORS\u00ae associated with the same firm.
b. disputes between buyers and sellers.
c. procuring cause disputes between buyers and REALTORS\u00ae.
d. procuring cause disputes between REALTORS\u00ae associated with different firms.<\/p>\n\n\n\n

The Correct Answer and Explanation is :<\/strong><\/mark><\/p>\n\n\n\n

The correct answer is:<\/p>\n\n\n\n

d. procuring cause disputes between REALTORS\u00ae associated with different firms.<\/strong><\/p>\n\n\n\n

Explanation:<\/h3>\n\n\n\n

Arbitration hearings in the real estate industry are primarily convened to resolve disputes involving procuring cause<\/strong> between REALTORS\u00ae affiliated with different firms. Procuring cause refers to the actions that lead directly to the successful sale or lease of a property. These disputes commonly arise when two or more REALTORS\u00ae claim entitlement to a commission for a transaction, arguing that their efforts were the primary cause of the deal.<\/p>\n\n\n\n

The National Association of REALTORS\u00ae (NAR) Code of Ethics mandates arbitration as the primary method for resolving such conflicts to promote professionalism and prevent unnecessary litigation. Arbitration hearings are held under the supervision of local REALTOR\u00ae associations, with panels comprised of impartial members trained to assess such disputes.<\/p>\n\n\n\n

Key considerations in determining procuring cause include:<\/p>\n\n\n\n

    \n
  1. Continuity of Effort<\/strong>: The uninterrupted actions of the REALTOR\u00ae leading to the completion of the sale.<\/li>\n\n\n\n
  2. Buyer Relationship<\/strong>: The strength of the REALTOR\u00ae\u2019s relationship with the buyer throughout the process.<\/li>\n\n\n\n
  3. Interruption or Abandonment<\/strong>: Whether the REALTOR\u00ae abandoned the buyer or their efforts were interrupted by another.<\/li>\n<\/ol>\n\n\n\n

    Disputes between REALTORS\u00ae within the same firm (Option A) are generally handled internally by the firm’s policies. Disputes between buyers and sellers (Option B) do not fall under REALTOR\u00ae arbitration and are usually handled in court or mediation. Option C, disputes between buyers and REALTORS\u00ae, may involve ethical complaints rather than arbitration.<\/p>\n\n\n\n

    In conclusion, arbitration hearings focus on procuring cause disputes between REALTORS\u00ae of different firms, ensuring fair resolution without burdening the legal system and maintaining the integrity of real estate transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Arbitration hearings are often based on: a. disputes between REALTORS\u00ae associated with the same firm.b. disputes between buyers and sellers.c. procuring cause disputes between buyers and REALTORS\u00ae.d. procuring cause disputes between REALTORS\u00ae associated with different firms. The Correct Answer and Explanation is : The correct answer is: d. procuring cause disputes between REALTORS\u00ae associated with […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-180384","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/180384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=180384"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/180384\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=180384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=180384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=180384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}