Credit Hours: 3.75
Ever wonder the difference between mediation, arbitration, and litigation and when each is best suited for the situation?
In this class, you will learn the features, advantages, benefits, and limitations of each of these three dispute resolution types in order to help you educate your clients concerning their choices at critical and often tense decision making junctures.
Each of the three dispute resolution types are examined and explained in simple yet comprehensive terms to enable your understanding and increase your confidence in communicating the specifics clearly to your clients when they need it most. Learn the difference between binding and non-binding arbitration, the defining elements and consequences of both, as well as the potential for an arbitration appeal. Many situations and questions, such as: “Should a single arbitrator be selected or a panel?” are considered for each of the dispute resolution options.
You will also examine what your specific role is in each type of resolution, including what is NOT your role and when consulting an attorney is vital. You’ll learn what happens when one dispute resolution method fails and what choices remain. You may be surprised to learn where each of these resolutions takes place and how that can influence the accuracy and outcome of the decision. Real life situations illustrate each dispute resolution option to help you gain relevant and applicable knowledge to use in future situations, limit you chances of being sued, and prepare you for the real estate world of today.
This course has been approved by the Minnesota Commissioner of Commerce for 3.75 hours of real estate continuing education.