Washington State Real Estate Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

Mediation is often favored in resolving real estate disputes primarily because it typically allows for a faster and more cost-effective resolution compared to traditional litigation. In mediation, the parties involved have the opportunity to negotiate and find a mutually agreeable solution outside of the court system. This process can significantly reduce the time taken to resolve disputes, which is particularly beneficial in the real estate sector where delays can result in financial losses or missed opportunities.

In addition to being quicker, mediation usually incurs lower costs because it avoids the lengthy legal procedures and extensive fees associated with court trials. Parties can save on attorney fees and other related expenses by opting for this informal yet structured conflict resolution method.

Legal binding is a characteristic of arbitration, not mediation, which distinguishes mediation as a non-binding approach where an agreement must still be reached voluntarily by both parties. Furthermore, mediation does not guarantee a win for one party but rather aims for a compromise that satisfies both parties' interests. While attorneys may be involved in mediation, it is not a requirement—parties can also represent themselves, making the process more accessible.