Contracts
A Virginia real estate contract provision that requires disputes to be resolved through binding arbitration is:
AProhibited by VREB
BGenerally enforceable if the parties voluntarily agreed to it✓ Correct
COnly valid for commercial disputes
DRequired by Virginia law
Explanation
Voluntary binding arbitration clauses are generally enforceable in Virginia. The parties waive their right to court proceedings and agree to a private arbitration process to resolve disputes.
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