Mediation

Definition: A facilitated negotiation in which a neutral mediator helps the parties seek their own settlement.

Example

A buyer and seller work with a mediator to agree how to divide a disputed deposit.

Keep the distinction clear

The mediator does not impose a decision. An agreement reached through mediation can become enforceable when properly documented; Florida broker escrow procedures also impose specific consent and timing requirements.

Related terms

Arbitration · Conflicting Demands · Interpleader

Keep studying

Florida Escrow Deposits: Associate and Broker Deadlines

References: Florida Statutes 475.25: discipline and escrow disputes

Pronunciation (US): mee-dee-AY-shun (capitals show stress)

Pronunciation reference: Merriam-Webster