What is a redress scheme?
Referral of complaints from consumers/complaints to be resolved though third party
Name types of Redress Scheme?
The Property Ombudsman
Centre for Effective Dispute Resolution
What types of ADR are available?
What services do the RICS offer?
Why is ADR important?
What are the common causes of dispute?
How you do undertake conflict of interest checks?
Email sent round with facility for members to confirm: yes or no to a new instruction
What information is required to check Conflict of Interest?
Client Name and Address
Name of Holding
Scope of Work
Existing Conflicts
What is arbitration and what are the advantages and disadvantages?
Arbitration is a form of ADR where an arbitrator is appointed to make a binding decision on a dispute, as regulated by Arbitration Act 1996. Arbitrator:
Advantages:
Disadvantages:
What is mediation? What are the advantages and disadvantages?
Mediation is a form of ADR where parties appoint a third party to facilitate negotiation. Independent, do not make recommendations. Voluntary and consensual process.
Advantages:
Disadvantages:
What is conciliation? Advantages and disadvantages?
Conciliation is a form of ADR where the parties retain control and appoint a conciliator to make recommendations and advice. Voluntary and consensual process. ‘Evaluative process’
Advantages
Disadvantages:
What is expert determination? Advantages and disadvantages?
Expert determination is a form of ADR where a third party is referred to an expert third party and the decision made is binding. Expert determinator must gather information and does not have to regard parties information. Expert in a particular area.
Advantages:
Disadvantages: