(1) In all cases of reference to a referee or arbitrator, the referee or arbitrator shall be deemed to be an officer of the Court, and subject to the Code of Civil Procedure and to rules of Court shall have such authority and conduct the reference in such manner as the Court may direct.
(2) The report or award of a referee or arbitrator on any such reference shall, unless set aside by the Court, be equivalent to a finding of fact by the Court.
(3) The remuneration to be paid to a referee or arbitrator to whom any matter is referred under an order of the Court shall be determined by the Court.