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Consumer Assistance: Foreclosure
Posted on January 3, 2013 by
Here are some options and resources for a homeowner in default. Contact the Lender or a HUD-Approved Housing Counseling Agency Although a common response to a problem making house payments is to ignore the lender, that is the worse course of action for a homeowner in default. The lender must be contacted as soon as [...]
Continue Reading »REO Reality Check – 10 Tips To Get Your REO Offers Accepted And Closed
Posted on December 18, 2012 by
As a broker/manager of a large real estate office (291 licensees as of July 2008) in a city (Las Vegas) that is dealing with 70%+ of monthly closed transactions being short sales and REOs, I’ve written this post with the intention of educating and spreading the word to as many people as possible that there [...]
Continue Reading »Troubleshooting
Posted on December 10, 2012 by
Problem: When I try to log on to AARonline and click Submit, my login information disappears and the page just sits there, I reach an affiliate member page, or I know I am entering the correct email and password but it gives me an error. What do I do? Solution: There are several possibilities as [...]
Continue Reading »Professional Standards Newsletter, September 2012
Posted on December 10, 2012 by
A CENTURY OF PRIDE AND PROFESSIONALISM – THE CODE OF ETHICS CENTENNIAL The Code of Ethics is turning 100 in 2013! Perhaps you already knew that, but did you know the privilege to invoke arbitration existed in the 1913 Code of Ethics and that privilege has remained in the Code for the last century? [...]
Continue Reading »Arizona Real Estate: A Professional’s Guide to Law and Practice (Purchase Page)
Posted on November 28, 2012 by Michelle Lind
Ordering MethodsMember Price: $21.99 + ShippingOnline (Hard Copy): Via Google Checkout (Shipping Included in Prices Below) $24.91 – AAR member – 1 book $49.82 – AAR member – 2 books $72.72 – AAR member – 3 books $95.23 – AAR member – 4 books $117.51 – AAR [...]
Continue Reading »Procuring Cause & Buyer Agency
Posted on March 27, 2012 by Alice Martin
The Scene: You meet Buyer Betty at a party and she tells you that she’s getting ready to write an offer on a house she saw last weekend. You ask her if she’s represented by an agent and she says the only one she talked to was the listing agent. You tell her that it would [...]
Continue Reading »Watch That Age Limit in Ads
Posted on March 27, 2012 by Alice Martin
Have you checked your MLS listings lately for fair housing problems? Do you have statements in your listings that say something like, “55 & over to own” or “18 & over to occupy”? You say, “What’s wrong with these if they are true?” Here’s what’s wrong. Standard of Practice 10-1 states, “. . . REALTORS® [...]
Continue Reading »Lease/purchase and Lease/option Agreements
Posted on March 27, 2012 by Christopher A. Combs
There are many reasons why a client may want to enter into a lease/purchase or lease/option agreement. Most commonly, the buyer wants to enter into a lease/purchase or lease/option agreement because the buyer is unable to obtain financing for some period of time. A seller may consider a lease/purchase or lease/option agreement if the seller [...]
Continue Reading »Taking and Servicing the Short Sale Listing – A Typical Workflow
Posted on March 10, 2012 by
Assuming that after full reflection and consultation with appropriate legal, credit, and tax professionals, the homeowner decides that a short sale makes the best sense. What are the factors that will lead to a successful short sale? The elements of a successful short sale are typically: The property is worth less than is owed. Establish [...]
Continue Reading »Professional Standards Newsletter, December 2011
Posted on December 1, 2011 by
MANDATORY MEDIATION OPTION APPROVED The NAR Board of Directors approved amendments to Article 17 of the Code of Ethics to give associations discretionary authority to obligate members to mediate otherwise arbitrable disputes.In the event of contractual disputes or specific non-contractual disputes as defined in Standard of Practice 17-4 between REALTORS® (principals) associated with different firms, [...]
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