Some AZ real estate purchase contracts provide mediation as a remedy to resolve disputes between buyers and sellers.
Typical disputes between buyers and sellers may concern
earnest money, property condition, and others. In the unlikely event of a dispute between buyers and sellers to the
transaction, mediation would provide for an objective third-party (mediator) to meet with all parties to help them reach a solution.
There are some exceptions to buyer-seller mediation listed in the contract, but most disputes can be mediated successfully, which can save legal expense and aggravation.
Arizona Association of REALTORS® cannot affect an Arizona Real Estate License.
If your pursuit is to affect an Arizona real estate agent’s license, refer to the Arizona Department of Real Estate (ADRE)
