Binding Arbitration


Definition of "Binding arbitration"

Kathy Betancourt real estate agent
Kathy Betancourt Re/Max Anchor Realty

Term used in a real estate dispute in which an independent third party listens to the arguments of two parties and issues a judgment with which both parties must comply.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Alternative Dispute Resolution (adr)

Many different, unofficial, and voluntary nonlitigation processes employed by insurance companies to resolve contractual disputes with their insureds. ...

Riparian Right

The common law right of a landowner whose land borders a river or stream to use and enjoy that water. ...

Mortgage Share (participation) Agreement

A written agreement between institutional investors to buy or sell ownership shares in mortgages. An institution such as a bank can agree to buy a ce ...

Constructive Notice

Tax concept whereby income not actually received is considered to be constructively received by a taxpayer and thus must be reported. ...

Slum Area

Depressed, poorly kept locality that may include vacant businesses. It may be a high crime area. The people living in the area are typically poor and ...

Parallel

Similar property. Comparing like property. properties that are side by side but do not meet. They are in the same direction with a constant dist ...

Popular Real Estate FAQ

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as an annual allowance that helps you recover on you ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the purchase of shares, you are allowed to live in a u ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to enter the community. ...

What Is Homeowners Association (HOA)?

Homeowners association is a nonprofit association that manages the common areas of a condominium or \"planned unit development\" (PUD). Unit owners pa ...

Why Should I Use A Real Estate Agent?

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, providing you with advice and guidance and doing a j ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

How do I file an Insurance Claim? What is Freddie Mac? What is a lien? What is Disability Insurance? What is a deed?