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Rainmaker
1,511,608
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Chapter 4 Contract Disputes and Mediations

Dec 01, 2016 12:09 PM
Rainmaker
2,851,483
Richard Weeks
Dallas, TX
REALTOR®, Broker

I have never had a dispute over something as plain as black and white.

Dec 01, 2016 12:57 PM
Rainmaker
2,934,989
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

No real experience with contract disputes in 25 years; if there were, I'd be going to the attorney.

Dec 01, 2016 01:09 PM
Rainmaker
1,364,017
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

abby tiscareno No, contract disputes do not happen often.

Dec 01, 2016 12:54 PM
Rainmaker
4,273,199
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Rare to have them happen.  

Dec 01, 2016 12:49 PM
Rainmaker
1,204,273
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Rare, like steak cut fresh from a cow.

Dec 02, 2016 09:38 AM
Rainmaker
3,129,585
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Look to the contract, litigation, mediation or arbitration are the usual methods!

Dec 02, 2016 06:06 AM
Rainmaker
3,048,838
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

The more vague the contract...the more likely a dispute will arise

Dec 02, 2016 04:59 AM
Ambassador
4,297,830
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

abby tiscareno I have not had any - yet 

Dec 01, 2016 09:58 PM
Ambassador
3,981,808
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

In the transactions I am involved in it is rare to have a contract dispute. I make sure the contracts are very clear and concise.

Dec 01, 2016 07:48 PM
Ambassador
2,341,039
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

      Complete the Contracts and forms correctly, and you minimize the chance of a problem.  Should a "dispute" arise that cannot be quickly remedied, see an Attorney for legal advice.

Dec 01, 2016 07:01 PM
Ambassador
4,004,541
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Smart people find common ground and work it out without lawyers.

Dec 01, 2016 06:49 PM
Rainmaker
5,218,225
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

It is you job to avoid contract disputes by having clear communications on the front end.

Dec 01, 2016 06:15 PM
Ambassador
2,188,589
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Thankfully I haven't had any experience with contract disputes. 

Dec 01, 2016 06:05 PM
Rainmaker
2,413,648
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Not frequent and in many cases no grounds exist if handled right. Litigation, threats and doing the math as to the outcome gain or loss is how it is settled

Dec 01, 2016 04:47 PM
Ambassador
2,790,360
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Not really. Our contracts are cut and dried and either you write them up correctly or......you don't.

Dec 01, 2016 04:30 PM
Ambassador
3,671,809
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

It's usually not such a heavy thing.  Most of the "contract disputes" involve things like the seller not wanting to do required repairs or not being ready to settle on time.  This is the kind of stuff agents deal with.  If it's anything that is complicated, remember that you can't practice law without a licence. 

Dec 01, 2016 02:08 PM
Ambassador
3,147,343
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Nope, very rare.

Dec 01, 2016 01:09 PM
Rainmaker
736,826
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Rare when agents do their job.

Common when buyer and sellers start talking to each other without supervision.

How are they solved? The American way! Call the attorneys.

Manage your clients and you/they will not be paying attorneys.

Dec 01, 2016 12:07 PM
Ambassador
1,596,313
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Depends on your definition of dispute.

Dec 01, 2016 12:05 PM
Rainmaker
377,641
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Not frequent.  But the first thing is to get managing Brokers involved with seeing if a consensus can be worked out if the agents can't do this. After that, disputes are resolved as determined in the contract.  In Oregon, disputes less than $10,000 are handled in small claims court. Over that figure it is mediation and arbitration.

Dec 01, 2016 11:49 AM
Rainmaker
1,264,292
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

It is not "frequent", but it does happen.  Well written contracts cannot be disputed.  That is not to say someone might not change their mind and want to get out of a contract. That is up for negotiation, not dispute. It is important to structure the contract properly and be sure both parties understand the rights and obligations before signing.

Dec 01, 2016 11:47 AM
Rainmaker
4,829,757
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

it's rare to have contract disputes ,but, if and when it happens, an attorney would be the right choice to solve the dispute....each party with whom we do business has an attorney from day one....

Dec 01, 2016 11:45 AM