Revising the Arbitration Clause in Real Estate Contracts
2 Pages Posted: 20 Mar 2011
Date Written: September 1, 2004
This article discusses arbitration clauses between buyers, sellers, and brokers. In California. CCP 1298 is preempted by 9 USC 2, but agreements, however, may still require being initialed. Brokers are cautioned on using the CAR Residential Purchase form because the arbitration clause may be ineffective.
Keywords: CCP 1298, 9 USC 2, CAR Residential Purchase, arbitration agreement, broker, Hedges v. Carrigan, Grubb & Ellis v. Bello,
JEL Classification: K11
Suggested Citation: Suggested Citation