Text of section effective on June 14, 2013

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

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

   1. (1) meet the following requirements, as applicable:

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

      2. (B) have:

         1. (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

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

            1. (a) a real estate broker or salesperson under Chapter 1101, Occupations Code;
            2. (b) a real estate appraiser under Chapter 1103, Occupations Code; or
            3. (c) a certified public accountant under Chapter 901, Occupations Code; and
   2. (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 (S.B. 1351), Sec. 1, eff. September 1, 2005.

Added by Acts 2005, 79th Leg., Ch. 912 (H.B. 182), Sec. 1, eff. September 1, 2005.

Acts 2009, 81st Leg., R.S., Ch. 1211 (S.B. 771), Sec. 7, eff. January 1, 2010.

Acts 2009, 81st Leg., R.S., Ch. 1211 (S.B. 771), Sec. 8, eff. January 1, 2010.