Question

When a salesperson and employing broker have a dispute over a commission, what is their recourse?

1) Arbitration
2) Litigation
3) Mediation
4) Negotiation

Answer 1

When a salesperson and employing broker have a dispute over a commission, their recourse can be arbitration, which is a process where a neutral third party called an arbitrator is appointed to listen and make a decision.

Step-by-step explanation:

When a salesperson and employing broker have a dispute over a commission, their recourse can be arbitration. Arbitration is a process where a neutral third party, called an arbitrator, is appointed to listen to both sides and make a decision. This can help avoid the time and expense associated with litigation in court.