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Legal Articles (Archives)
Code Talk: The Case for Buyer-Broker Agreements
Posted on May 1, 2013 by
“If you want to work less and make more money, it’s essential,” said West USA Vice President and Associated Broker Jon Kichen. Kichen is talking about the Buyer-Broker Exclusive Employment Agreement (BBEEA). The BBEEA is a signed contract between the buyer and the broker that gives the broker/agent the permission to locate property and negotiate [...]
Continue Reading »Get A C.L.U.E.
Posted on May 1, 2013 by Bethany Helvie
In February 2013, Independent Insurance Agents and Brokers of Arizona, Inc. (IIAB of Arizona) issued a bulletin to its members addressing the proper manner in which Comprehensive Loss Underwriting Experience Reports (CLUE Reports) are to be obtained by insurance policyholders. While the bulletin was directed exclusively to insurance producers, its message will likely impact the [...]
Continue Reading »Fair Housing’s Disparate Impact
Posted on April 1, 2013 by Bethany Helvie
“As we’ve learned over the years, housing discrimination comes in many forms. Discrimination doesn’t have to be intentional in order to have a damaging effect.” Those were the words Department of Housing and Urban Development (HUD) Secretary Shaun Donovan uttered shortly following HUD’s February 8, 2013 issuance of a final rule intended to formalize the [...]
Continue Reading »Code Talk: Fair Housing
Posted on April 1, 2013 by Bethany Helvie
Editor’s Note: The Code of Ethics turns 100 in 2013. AAR will be celebrating the code with monthly articles published under the caption, Code Talk, in the Arizona REALTOR® Magazine, discussing the various ways the code governs professional conduct and interaction with the consumer in every day transactions. April 2013 marks the 45th anniversary of [...]
Continue Reading »AAR Develops Two New Advisories for Lease Owners and Tenants
Posted on March 27, 2013 by Bethany Helvie
In an effort to further educate tenants and lease owners (aka landlords) about their rights and obligations in conjunction with residential rental transactions, the Arizona Association of REALTORS® (AAR) has developed two new consumer advisories. As of March 28, 2013, AAR will maintain on its website a Tenant Advisory and a Lease Owner’s Advisory. Each advisory [...]
Continue Reading »Property Management: Is it a “Win-Win” or a “Lose-Lose”?
Posted on March 1, 2013 by
In 2009 AAR published the article: Is Property Management Right for You? This month, we take a fresh look with the help of AAR President Sue Flucke, CDPE, CRB, GRI, rCRMS and veteran property manager Elise Otero, GRI, RMP. When Elise Otero, owner of Otero Realty Group of Apache Junction, got her first taste of [...]
Continue Reading »RESPA Revisited
Posted on March 1, 2013 by
Now and then it is good to get a little reminder. This month, we’ll take a look at The Real Estate Settlement Procedures Act of 1974 (RESPA) in a short excerpt from the book, Arizona Real Estate: A Professional’s Guide to Law and Practice written by AAR CEO Michelle Lind. To order a copy visit [...]
Continue Reading »FAQ About the AAR Loan Status Update | January 2011
Posted on January 27, 2013 by
QUESTION L-1 Q: Why is the Loan Status Update (“LSU”) with lines 1-40 completed required five days after Contract acceptance? A: The LSU is required five days after Contract acceptance to establish that the buyer intends to proceed with the lender indicated in the LSU on the terms described. The LSU also allows the seller [...]
Continue Reading »Listing Presentation
Posted on January 2, 2013 by
By David Compton, Director of Education Posted: 1999 ~ Reviewed: 2005 This article will focus on the phases of an effective listing presentation. Let’s go back to basics and remember that the number one item you want to establish is “control.” There are certain things you must do to obtain and maintain this critical element. [...]
Continue Reading »Americans with Disabilities Act Compliance Kit
Posted on January 2, 2013 by
This Question and Answer information packet supplements the ADA Compliance Kit distributed by the NATIONAL ASSOCIATION OF REALTORS® in January 1992 and covers the most frequently asked questions from REALTORS® in relation to the ADA. (Prepared by the Legal Affairs Department of the NATIONAL ASSOCIATION OF REALTORS®, November, 1992). TITLE I – Employment Question #1: Does [...]
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