In Texas, most of our written real estate agreements (buyer's representation, listing and contract offer)request or require mediation in the case of a dispute before litigation but what is mediation and where do you go to find it?
Mediation is a process where a neutral person (the mediator) facilitates dispute resolution between two or more people involved in a dispute. A mediator does not judge or decide who is right or wrong but provides a program through which each party has an opportunity to state their position and helps them develop a workable solution.
Recently, I attended a luncheon with a guest speaker from DRC Dispute Resolution Center in Austin. He mentioned that the most common dispute they see relates to earnest money in real estate transactions so I thought this was an important topic to discuss today on my blog.
The DRC is a nonprofit organization in Austin and the mediators are community volunteers with a minimum of 40 hours of training which meets the standards of Texas Alternative Dispute Resolution Procedures Act and Texas Mediation Trainers Roundtable. They have very reasonable rates. In Travis County, at the time I write this, it's only $35 each for a four hour session. They will also hear disputes from other counties but the rates vary.
For more information on mediation/dispute resolution visit http://www.austindrc.org
And remember, if you know anyone who wants to buy or sell a house contact me at robin@robinscottrealtor.com Thanks for your referrals!
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