AAR Updates

Arizona REALTOR® Magazine - September 2010

Arizona REALTOR® Archives
2003 - 2010

Arizona REALTOR® Publication Information

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Risk Management Video Series: Short Sales & REOs
Northern Arizona's Wildfires and Floods Raise Contract Questions
rCRMS: Employment, Agency & the Standard of Care
Buyer Advisory Updated in August
New Forms Available in Spanish
Mediation Training Webinars

Risk Management Video Series: Short Sales & REOs

http://www.aaronline.com/rmseries/

AAR’s Risk Management Committee has put together a valuable series of videos on short sales and REOs. In these short videos (just two to three minutes long), respected voices in Arizona real estate provide insight into reducing risk and improving your service to your client when handling these types of transactions. The topics include:

•	Short Sale Negotiation Fee Consider the issues before charging a short-sale fee under an LLC of which you are the sole member. (Martha Appel)
•	Short Sale Expert? Why you may want to position yourself as a short sale “resource” rather than an “expert.” (John Foltz)
•	Short Sale Confidentiality Handle short sale client’s confidential information wisely. (Jerome King)
•	REO Transactions Tips for representing your buyers well in these tricky transactions. (Jan Leighton)
•	REO Addenda Carefully review the impact of an REO addendum with your buyer clients. (Paula Serven)
•	Source of the Source Steer clear of offering legal advice to your client—for their sake and yours. (Jim Sexton)

Northern Arizona's Wildfires and Floods Raise Contract Questions

Part One | Part Two

Arizona’s devastating wildfires and floods have raised questions about real estate transactions in escrow when the fire or flood began. These articles address transactions in which AAR’s Residential Resale Real Estate Purchase Contract was executed, but escrow has not closed.

rCRMS: Employment, Agency & the Standard of Care

Monday, November 15 | Phoenix Association of REALTORS® Classroom
$99 (by November 5) | Event Flyer | Register Online
C/E: 3-agency, 3-contract law

Many disputes arise as a result of the parties' failure to understand the terms of employment agreements and what constitutes an appropriate standard of care agency relationship. In this course, instructors Michelle Lind and Robert Zelms help brokers and agents reduce their risks related to agency and employment agreements in Arizona.

Buyer Advisory Updated in August

http://www.aaronline.com/documents/buyer_advisory.aspx

The following updates were made to the Buyer Advisory for August 2010:

Page 2:
Homeowner’s Association (HOA) Governing Documents
Removed the Department of Fire, Building and Life Safety link to HOA complaint packet (no longer available on website)
Added links to the Arizona Revised Statute - Title 33 chapters 16 and 18

Page 6:
Flood Plain Status
Added new links for Phoenix, Tucson and Flagstaff

Insurance (Claims History)

Added new link for C.L.U.E. Reports: https://personalreports.lexisnexis.com/index.jsp

Environmental Concerns

Updated the Arizona Department of Environmental Quality links

Superfund Sites

Updated the Arizona Department of Environmental Quality link

Page 7:

Crime Statistics

Added Tucson Police Department link: http://tpdinternet.tucsonaz.gov/Stats/

Added League of Arizona link: http://www.azleague.org/index.cfm?fuseaction=about.cities

Page 8:

Fair Housing and Disability Laws

Updated HUD link

New Forms Available in Spanish

http://www.aaronline.com/ForRealtors/Forms/Spanish.aspx

AAR has three newly translated forms available on our website:

Buyer-Broker Exclusive Employment Agreement
Short Sale Addendum to Listing Contract
Residential SPDS

Mediation Training Webinars

AAR is pleased to make available three mediation webinars to the membership. The webinars are taught by Bruce Meyerson, a former appellate judge, litigation attorney, university general counsel and public interest lawyer. Bruce is recognized as one of the best mediators in Arizona in the “Best Lawyers in America,” is former chair of the American Bar Association Section of Dispute Resolution and is an adjunct professor at Arizona State University College of Law teaching courses in mediation and arbitration.