Any controversy, claim or dispute arising out of or relating to this agreement or the breach, termination or validity thereof, shall be resolved in accordance with the Rules of the CRE Real Estate Dispute Resolution Program of The Counselors of Real Estate, as it may be amended from time to time, by means of ________________________ (insert mediation, arbitration or appraisal proceeding), and if not mediation, [specify one or three arbitrators for an arbitration or one or three appraisers (in a dispute resolution context) for an appraisal proceeding]. The neutrals shall be selected from the panels of mediators and arbitrators maintained by The Counselors (in the case of an appraisal dispute the neutral shall be a member of the Panel of Arbitrators and also have appropriate experience and credentials in the appraisal field). The dispute resolution process, including neutral selection, is to be governed and administered by a representative of The Counselors and judgment upon any award rendered or agreement reached may be entered by any court having jurisdiction thereof. By executing an agreement containing this clause each party thereto agrees to be bound by the CRE Real Estate Dispute Resolution Program Rules.

The parties shall endeavor to resolve any dispute arising out of or relating to this agreement by mediation pursuant to the Rules of the CRE Real Estate Dispute Resolution Program of The Counselors of Real Estate. Unless the parties agree otherwise, the mediator will be selected from The Counselors' panel of mediators. Any controversy or claim arising out of or relating to this agreement or the breach, termination or validity thereof that remains unresolved 45 days after the appointment of the mediator, shall be settled by one or three arbitrators (strike one of these alternatives), which may or may not (strike one of these alternatives) include the mediator, in accordance with the CRE Real Estate Dispute Resolution Program. Judgment upon the agreement reached or the award rendered may be entered by any court having jurisdiction thereof. By executing an agreement containing this clause, each party thereto agrees to be bound by the CRE Real Estate Dispute Resolution Program Rules.