|Code of Ethics
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The following individuals may file an arbitration request:
Arbitration Instructions and Information
The Association provides arbitration facilities as a service to its members. Arbitration is not a disciplinary proceeding nor does it award damages. By becoming and remaining a member of L.A.R.A., each REALTOR® binds him or herself to arbitrate certain disputes.
Not every situation may be arbitrated by the Association. Conditions and limitations exist which you must consider. The Association will explain these conditions and limitations to you.
Requests for arbitration must be filed within 180 days after the closing of the transaction, if any, or within 180 days after the facts constituting the arbitratable matter could have been known in the exercise of reasonable diligence, whichever is later.
To submit an arbitration request to the Association, take the following steps:
Upon receipt of a written request for arbitration, the Professional Standards Administrator will inquire of each party as to whether they are willing to participate in Mediation. If all parties agree, the matter will be referred to a Mediation Officer. A mutually convenient time and location for the Mediation will be arranged with the parties. Participation in Mediation is voluntary on the part of each party.
The objectives of Mediation are to resolve controversies by promoting friendly, amicable resolutions and to facilitate the repair of business relationships, thereby enhancing the possibility of continuing those relationships thereafter.
The Mediation Officer shall have no authoritative decision-making power. The role of the Mediation Officer shall be to assist the parties in voluntarily reaching their own mutually acceptable settlement of the issues in dispute.
In the event the parties reach a mutually agreeable resolution, a written agreement shall be prepared by the Mediation Officer, signed by the parties, and the arbitration request shall be dismissed with the arbitration filling fees being returned to each party. In the event Mediation is unsuccessful, the matter shall be referred for an arbitration hearing.
A Review Panel made up of three members of the Associations Professional Standards Committee may review your arbitration request. A preliminary investigation to determine whether the matter is subject to Association arbitration will be made. Arbitration is sometimes a duty and sometimes a privilege. It will be determined whether your situation fits into the duty or the privilege category.
To determine which category an arbitration fits into, the following four points are considered:
Such a review could result in releasing Association members from their obligation to arbitrate. This would free you to seek other recourse in order to resolve the dispute.
You may appeal a dismissal of an arbitration request to the Board of Directors. The Directors review only the materials submitted to the Review Panel and can uphold or overturn the Panel's dismissal.
If a Review Panel refers your arbitration request to a hearing, you will be notified of the hearing date, time and place. An arbitration hearing provides an opportunity for the Complainant and the Respondent to explain his or her side of the story by presenting testimony, evidence and witnesses, if any.
Once all the facts have been presented, an Arbitration Hearing Panel, consisting of members of the Professional Standards Committee, will determine how the dispute should be settled. An arbitration award may not be more than the amount in dispute. In no circumstances will the Association award punitive damages.
The Association will inform you about each step of this process as it occurs. The Association will also give you instructions about hearing procedures prior to the hearing.
If you have questions relating to filing an arbitration request, please call the La Crosse Area REALTORS® Association 608-785-7744.
Forms: Form A-1