SCR mediators have long mediated commission disputes between brokerages prior to formal arbitration hearings. In mediation, the money is divided between the brokerages in some percentage per the brokers’ decisions. In arbitration, one party gets the money per the arbitration hearing panel’s decision.
SCR mediators have long mediated earnest money disputes between buyers and sellers.
Now NAR allows ethics disputes to be mediated and calls this ombudsman.
Local AE’s have long performed informal ethics mediation.
Ethics mediation involves talking to the people involved who may be brokers and REALTORS® and members of the public. Grievances are aired and responses are made. Perhaps, the people involved can bury the hatchet after an apology or some reversal of action or other action or payment of some money or promises to do or refrain from doing something in the future.
Ethics mediation can quickly avoid long and worrisome and risky and costly formal ethics hearings in Columbia.
Commission dispute mediation can quickly avoid long and worrisome and and risky and costly formal arbitration hearings in Columbia.
Here is the link to the SCR mediator list:
Posted by : Byron King on 9/13/18 (This information is only accurate as of 9/13/18. You must contact SCR for updates and changes to this information after 9/13/18 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org)