Short Sale Decision Timelines Set by Fannie and Freddie

On April 17, in a five-page bulletin, the GSEs issued new guidelines for Fannie Mae- and Freddie Mac-backed loans. As of June 15, 2012, agents working with distressed homeowners should expect to receive a decision on the short sale offer within 30-60 days. Service providers must comply with the new time frames as described in the bulletin. For more information about the initiation of the time frames, read the DSNews article “Fannie and Freddie Set Timeline Requirements for Short Sales.”

(This update was originally published on the short sales portion of AAR’s blog. Subscribe to the full blog or short sale category of the blog via RSS or email.)

Listing & Selling REOs Course

Tuesday, May 8 | Santa Cruz County Board of REALTORS® | Class Flyer
June 6, 2012 | Southeast Arizona Association of REALTORS® | Class Flyer

This NEW course from NAR covers the basics of working with sellers and buyers of REO properties. This is not just about foreclosures! The goal of the course is to enable you to participate in and take advantage of business opportunities presented by the REO market, from small community banks to large investors to probate attorneys and beyond. The course focuses on single-family homes and small multi-family properties. Watch a short video preview of the class from instructor Frank Dickens, ABR, SRS, SRES.

Register Online
$79 (includes lunch)
CE: 6-general

Maternity Discrimination in Lending Is Illegal, Says HUD

“It is against the law for any lender to deny a mortgage loan to a woman because she is pregnant or on paid maternity leave,” said John Trasviña, HUD Assistant Secretary for Fair Housing and Equal Opportunity, in an April new release. Read more.

BPOR Course: The Agent’s Role in Property Valuation

Wednesday, May 9 | Southeast Arizona Assoc
Friday, May 11 | Prescott Area Association of REALTORS® | Class Flyer
Thursday, June 14 | Yuma Association of REALTORS® | Class Flyer
Friday, July 20 | Northern Arizona Association of REALTORS® | Class Flyer
Tuesday, September 25 | Santa Cruz County Board of REALTORS® | Class Flyer

This one-day course from NAR provides students with the resources and knowledge to reduce their risk and increase their opportunities. Students will learn about the multiple uses of BPOs, how to evaluate and minimize the risk of the valuation process, ways to identify and use effective tools, and methods for filtering and selecting comparables in order to create professional and accurate BPOs. This class also offers you the option of earning NAR’s new certification, BPOR (BPO Resource).

$79 (includes lunch)
Register Online

Instructor: Frank Dickens
CE: 6-legal issues

Doing the Right Thing: Compensation for Lease Agreement

AAR Risk Management Specialist Jan Steward recently posted on AAR’s blog about a common complaint received by our Professional Standards Department: Despite a compensation offer in the MLS for a lease agreement, REALTOR® B does not pay REALTOR® A the promised compensation. Is it ethical not to pay a fellow agent if it is under a certain amount, say $600 or $700? Read more.

rCRMS: Claims & Remedies

Friday, June 1 | 9:00am – 4:15pm
Phoenix Association of REALTORS®
$99 | Register Online | Class Flyer

This course is a detailed look at common claims and remedies for issues that may occur in real estate transactions. It specifically addresses Arizona state laws but also looks at how the NAR Code of Ethics applies. Students will gain a clear understanding of how claims happen, are pursued and resolved. They will learn to apply that understanding to minimize risk in their real estate practice. Related Video

Instructors: Attorney Rick Mack & REALTOR® Frank Dickens
CE: 3-legal/3-disclosure

rCRMS (Certified Risk Management Specialist) helps you manage risk in your real estate business. Learn more.

Master Educator Certification Now Available

You’re not the average real estate instructor. You actively engage your audience. You work every day to improve your presentation skills. You make class relevant to your students’ businesses.
Why not tell people?

Introducing the Arizona Association of REALTORS® Master Educator Certification

The ME certification was created to recognize Arizona’s outstanding instructors and will be awarded to those who have demonstrated an understanding of adult learning principles and delivery skills.

Why should you earn the Master Educator Certification?

  • Stand out from the competition
  • Gain a marketing edge
  • Be recognized for your skills
  • Make the hiring decision easier


  • Fill out and submit the application form
  • Attend an instructor development workshop in presentation skills (within two years preceding the certification application)
  • Teach a minimum of five classes annually
  • Pass a certification examination
  • Submit two professional references
  • Submit two copies of a 30-minute segment of your teaching
  • Remit a non-refundable certification fee of $75 (special roll out price.  Expires 5/11/2012)

You know you’re the best of the best. Now it’s time to make it official.

About the Author

Michelle Lind

K. Michelle Lind, CEO of Arizona REALTORS®, is also an attorney, State Bar of Arizona board certified real estate specialist, and the author of Arizona Real Estate: A Professional’s Guide to Law and Practice. Please note that this article is of a general nature and may not be up-to-date or revised for accuracy as statutory or case law changes following the date of first publication. Further, this article reflects only the opinion of the author, is not intended as definitive legal advice and you should not act upon it without seeking independent legal counsel.