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Overview ·
Services ·
Protocol & Rules ·
Fee Schedule ·
Preliminary Inquiry ·
Formal Application ·
Standard Clauses
PROFESSIONAL FEES
Hourly rates vary according to the arbitrator or mediator selected. Professional fees are charged for preparation time (reading and research); pre-hearing or other conferences
(telephonic or in person); hearings; time to prepare decisions, orders and awards; and if applicable, travel time and expenses. These fees are usually shared by the Parties.
Professional fees of the neutrals are billed separately from Arbitration and Mediation Fees listed below.
ARBITRATION
Arbitration and Appraisal Proceedings - Initial Filing Fees
A non-refundable initial filing fee is payable in full to The Counselors
when a claim, counterclaim or additional claim is filed, based on
the amount in controversy, as follows:
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$0 - $100,000 |
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$750 |
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$100,001 - $250,000 |
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$1000 |
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$250,001 - $500,000 |
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$2000 |
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$500,001 - $1,000,000 |
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$3500 |
$1,000,000 - $5,000,000 |
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$5000 |
Above $5,000,001 |
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Negotiated |
Non Monetary Claim: |
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$2500* |
*This is for a claim where the parties are seeking remedies
other than the payment of a monetary amount. It is not for claims
where the exact amount of a monetary claim is not known. In that
case, the parties will be required to state a range for the claim
or pay the highest scheduled fee.
Arbitration and Appraisal Proceedings - Case Management
Fees
A case management fee shall be assessed in all cases that proceed
to a hearing, and will be paid in advance. It includes administration
for the duration of the case; document handling (copying and faxing
if necessary); coordination of contact between the parties, their
representatives and the arbitrator or panel; and assistance in locating
and scheduling hearing facilities, but does not include the cost
of such facilities.
| Panel |
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Case Management Fee |
| Single Arbitrator: |
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$100 per party per day |
| Three arbitrators: |
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$200 per party per day |
MEDIATION
Mediation - Initial Filing Fees
A non-refundable initial filing fee of $150 per party is payable in full to The Counselors when a mediation is scheduled.
Mediation - Administration Fee
An administration fee shall be assessed in all mediations in which a mediator contacts the parties and begins the process, payable in advance at the time the first call is scheduled.
It includes administration through the duration of the case, including document handling (copying and faxing as necessary), and assistance as required in locating and scheduling hearing facilities, but does not include the cost of such facilities. The fee is $125 per party per day of scheduled mediation time, payable in full, in advance to The Counselors.
OTHER
Cancellation, Continuance and Other Administrative Matters
For matters cancelled twenty (20) days or more prior to a hearing
or mediation session, professional fees, case management and administrative
fees deposited will be refundable, except for any time incurred
by the neutral. For hearings or sessions removed from the calendar
inside the twenty (20) day period, case management and administration
fees are non-refundable, and unused professional fees will be refunded
only when and if the neutral has booked another matter for that
time. In all cases involving non-refundable fees, the party causing
the cancellation is responsible for the payment of all fees.
Continuance
A fee of $125 per party shall be assessed every six months for continuances
approved by the panel or by agreement of the parties. If a party
does not pay the fee when billed, the other party(ies) may pay the
fee on its behalf, or the matter will be closed.
Other Administrative Matters
-Unused session time is not refundable.
-Fees are subject to increase or decrease if the amount of a claim
or counterclaim is modified after the initial filing fee is paid.
-Receipt of payment of all fees is required prior to service of
an arbitration award or to holding a mediation session.
-An advance retainer will be billed to the parties for anticipated
preparation and follow up time, and at any time the amounts on deposit
are deemed insufficient, additional amounts will be billed.
-All fees are due and payable upon receipt of the invoice, and payments
must be received in advance of hearing or mediation sessions.
-The Counselors of Real Estate reserves the right to cancel any
hearing or session if all fees are not received when due.
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