Sec. 41A.06. REGISTRY AND INITIAL QUALIFICATION OF ARBITRATORS

(a) The comptroller shall maintain a registry listing the qualified persons who have agreed to serve as arbitrators under this chapter.

(b) To initially qualify to serve as an arbitrator under this chapter, a person must:

(1) meet the following requirements, as applicable:

(A) be licensed as an attorney in this state; or

(B) have:

(i) completed at least 30 hours of training in arbitration and alternative dispute resolution procedures from a university, college, or legal or real estate trade association; and

(ii) been licensed or certified continuously during the five years preceding the date the person agrees to serve as an arbitrator as:

(a) a real estate broker or salesperson under Chapter 1101, Occupations Code;

(b) a real estate appraiser under Chapter 1103, Occupations Code; or

(c) a certified public accountant under Chapter 901, Occupations Code; and

(2) agree to conduct an arbitration for a fee that is not more than 90 percent of the amount of the arbitration deposit required by Section 41A.03.

Added by Acts 2005, 79th Leg., Ch. 372 , Sec. 1, eff. September 1, 2005. Added by Acts 2005, 79th Leg., Ch. 912 , Sec. 1, eff. September 1, 2005. Amended by: Acts 2009, 81st Leg., R.S., Ch. 1211 , Sec. 7, eff. January 1, 2010. Acts 2009, 81st Leg., R.S., Ch. 1211 , Sec. 8, eff. January 1, 2010.