Virginia Beach Board of Realtors, Inc. v. Goodman Segar Hogan, Inc.

The question presented for our decision is whether an arbitration award, signed by the chairman of the arbitration panel, but not by the other panel members, is valid.

The facts are undisputed. A disagreement over the split of a real estate commission resulting from the sale of commercial property in Virginia Beach arose between Thomas C. Kyrus & Associates Realty, Inc. (Kyrus), a member of the Virginia Beach Board of Realtors, Inc., and Goodman Segar Hogan, Inc. (GSH), a member of the Norfolk/Chesapeake Board of Realtors, Inc. Pursuant to the bylaws of the respective boards, this matter was…