Real Estate Dispute Arbitration Agreement
This Arbitration Agreement (“Agreement”) is made and entered into by and between:
Party 1 Name
Party 1 Address
Party 2 Name
Party 2 Address
1. Agreement to Arbitrate
The parties agree that any dispute, controversy, or claim arising out of or relating to the real estate transaction described below, or the breach, termination, or validity thereof, shall be settled exclusively by binding arbitration administered in accordance with the following terms.
2. Description of Transaction
Property Address or Description
3. Rules and Procedures
- The arbitration shall be conducted in accordance with the rules of
- Venue and seat of arbitration shall be
- The language of the arbitration shall be
- The arbitrator(s) shall be selected as follows:
- Each party shall bear their own legal costs and equally share arbitration costs unless otherwise decided by the arbitrator(s).
4. Waiver of Right to Litigate
The parties understand and agree that, by entering into this Agreement, they are waiving their right to a trial by jury or judge in a court of law for disputes covered by this Agreement.
5. Binding Decision
The decision of the arbitrator(s) shall be final and binding on the parties, and judgment thereon may be entered in any court of competent jurisdiction.
6. Miscellaneous
- This Agreement constitutes the entire agreement of the parties with regard to arbitration of disputes relating to the above-described transaction.
- Any modification or waiver of this Agreement must be in writing and signed by both parties.
- If any provision of this Agreement is found invalid, the remainder shall remain in effect.