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2008 MEMBERSHIP UPDATE…Through April 30, paid member units total 47,525 or 101% of 2008 total budgeted.

2008 NON-RENEWALS ON IN-ACTIVE STATUS…Per AAR Bylaws, any 2007 member on which no 2008 renewal dues are received will be placed on inactive status effect April 30, 2008.

FREE FORECLOSURE PREVENTION WORKSHOP…The BBB Mortgage Advisory Council (of which AAR is a member) is promoting this free half day Foreclosure Prevention Workshop on Saturday, May 10, at Phoenix City Hall. The Mayor and Congressman Pastor will be there. The sponsors are the Federal Home Loan Bank of San Francisco, the AZ Foreclosure Prevention Task Force and the AZ Housing Counseling Collaborative. Individual counseling sessions will be available after the remarks and panel discussion on a first-come, first-served basis. www.fhlbsf.com/.

FOR SALE SIGNS IN HOAs…As a result of SB 1062 (A.R.S. §33-1261 and §33-1808), a homeowner living in a planned community or a condominium HOA formed on or after January 1, 1986, and those formed before that date that don’t conflict with the statutes are permitted to display an industry-standard size for sale sign on the owner’s property, even if such signs are prohibited in the HOA governing documents. Some HOAs have taken the position that the statute is not enforceable or that it allows the HOA to regulate color, content or location for the signs. A member or seller who would like to challenge an HOA taking such a position should be advised to try to resolve the issue with the HOA informally, consult legal counsel and/or file a lawsuit for injunctive relief and damages or file a complaint with the newly formed HOA dispute resolution department; see www.dbfs.state.az.us/OA/Downloads/HOA%20Package04012007.pdf. AAR cannot enforce the law, but has a Legal Action Fund that upon application and executive committee approval, may be available to assist in any such litigation. For more information on the Fund, see www.aaronline.com/documents/req_fnd.aspx; for more information on SB 1062, see www.aaronline.com/RM/Dec07.aspx.

NAR “DOING BUSINESS IN MEXICO” COURSE…Learn more about the Mexican real estate market and real estate developments at the MINT Conference, June 19-21, 2008, in Cancun, Mexico. The MINT Conference, sponsored by AMPI (Mexican real estate association), features a four hour NAR course – Doing Business in Mexico – as well as countless opportunities to meet and dialogue with Mexican real estate practitioners and developers. If you have ever considered learning more about the Mexican market, this event may be just the venue. For those who are pursuing their Certified International Property Specialist (CIPS) designation, the course “The Americas” is available for MINT Conference attendees for an additional $100 (course will be held on June 18 preceding the conference). MINT Conference registration is $350 (plus VAT), special hotel rates and airline discounts are available. For registration, hotel and airline discounts, visit www.tradex.com.mx/Mint-08/ampieng.php.)

FACTS LINE ON VACATION…Next week. Look forward to seeing you at the NAR Mid-Year Legislative meetings in Washington, D.C.