AAR Remembers Jack Woerner; Jim Sexton Takes on Role of Treasurer

It is with a heavy heart that we share the passing of our friend and 2012 AAR President-elect John “Jack” Woerner with you. Jack was an agent with Coldwell Banker Residential Brokerage. In addition, he was a past president of the Green Valley/Sahuarita Association of REALTORS® (2004), AAR Region Five vice president (2007-2009), and 2012 AAR president-elect. Jack was to be the 2013 president of the Arizona Association of REALTORS®. President-elect Woerner was a friend, mentor, leader, father and husband who will be missed by so many. Our thoughts and prayers are with his wife, Jan, and his family.

Due to the vacancy of the office of president-elect, Sue Flucke has assumed the office under President Holly Mabery in accordance with the AAR bylaws, Evan Fuchs has been appointed as first vice president and Jim Sexton as treasurer for the remainder of 2012. We are fortunate to have such a strong group working on behalf of Arizona REALTORS®.

Winter Conference: We’re Going. Are You?

March 7 – 9, 2012 | Prescott Resort
Conference Website

Want the scoop on anti-deficiency legislation? This is the place.

Want to know the top five legal issues Arizona REALTORS® are facing? We’ve got that.

BPOs? REO disclosure issues? Low-cost marketing? Yep. Yep. Yep.

Tips on managing risks in social media and how to manage your reputation? You bet.

Want to understand hot issues in the mortgage world, such as Dodd-Frank, HARP 2.0, G-Fees and the CFPB? We’ll help you.

Looking for C/E? We’ve got your covered with an rCRMS (AAR’s risk management certification) course, property management bootcamp and CRS-sponsored class on major home systems (water & electric).

Need a break to refocus and have some fun with old friends and new friends? Winter Conference is definitely the place for you.

At this date, registration is only available on site. See you in Prescott!

Update on the Homeowner’s Rebate Affidavit

From the most recent Capitol Insider update from AAR: “Those that have been following the various articles and warnings on the impending Homeowner’s Rebate Affidavit may have noticed when they received their property valuation notice that no such affidavit was present. As you may recall, the affidavit provision was part of last year’s ‘Jobs Bill,’ which required homeowners to return the affidavit declaring that the property is the homeowner’s primary residence. If the homeowner failed to do so, the property would automatically be reclassified as Class 4 property and their taxes would go up as much as $600/year. Two bills moving through the legislature, HB 2486 and SB 1217, are the primary reasons the affidavit has not been sent out this year, as required in current law.”

Read the full email. If you did not receive the email and would like to subscribe to the Capitol Insider, please email nicole@aaronline.com. Capitol Insider is a member-only benefit.

FHA Hikes Fees on Mortgages

Home buyers with mortgages backed by the Federal Housing Administration will soon see a rise in fees. The agency is raising its fees in an effort to try to recoup some of its depleted reserves, which suffered from the rising number of home owners who defaulted on their mortgages. The agency also says it’s raising fees to try to encourage the return of more private capital to the market. Read the full update from NAR or watch this video.

Freddie Mac: No on Deficiency Judgments

From NAR’s Speaking of Real Estate blog: “The secondary mortage market company Freddie Mac has updated its bulletin to servicers of Freddie Mac mortgage loans to make clear that they aren’t to pursue a deficiency judgment against a borrower after a short sale or deed-in-lieu of foreclosure if the transaction was processed in accordance with Freddie Mac’s guidelines.”

Two Upcoming Sessions for Brokers

CRB: Understanding & Leveraging Teams
Wednesday, March 28 – Thursday, March 29
Arizona Association of REALTORS®
Instructors: Holly Eslinger, ABR, CRB, CRS, GRI & Laura Kovacs, CRB, SRES
$179 (no C/E) | Register Online | Class Flyer

Are you known as a team-friendly broker? Do you want to attract and service teams at your brokerage? Come and learn how to create the most profitable teams possible! (If you are pursuing the Council of Real Estate Brokerage Managers (CRB) designation, this course counts as three credits. Learn more at www.crb.com.)

Managing Brokerage Liability
Monday, April 30
Phoenix Association of REALTORS®
Speakers: Adorna Carroll, K. Michelle Lind, Rick Mack, Lisa Robinson
$179 (no C/E) | Register Online | Class Flyer

Now more than ever before, owners, brokers and managers must carefully navigate their firm through an alarming number of risks and liabilities. We can help you! Learn to address key areas with solid, concise, written policies that reduce your risks. Get updated on top E&O claims and how to avoid them. Discover ways to reduce risks associated with short sales and REOs.

Accredited Buyer’s Representative Courses

Thursday, May 31 – Friday, June 1 | 8:30am – 5:00pm
Kingman/Golden Valley Association of REALTORS®
Instructor: Evan Fuchs, ABR, CRS, GRI

OR

Thursday, August 23 – Friday, August 24 | 8:30am – 5:00pm
Sedona/Verde Valley Association of REALTORS®
Instructor: Holly Mabery, ABR, GRI

$179 (includes lunch) | Register Online: http://www.regonline.com/2012abr
This class is normally priced at $295—a savings to you of $116! 
CE: 9-agency, 3-disclosure

When you can’t count on the market, you have to count on your skills! This ABR course sets the foundation of skills and resources you need to help you succeed in today’s marketplace as a buyer’s representative. Topics covered include: agency relationships, duties to clients, marketing fundamentals, the interview & counseling session, buyer representation agreements, building buyer loyalty and more.

Take the first step toward earning your ABR designation. Learn more at www.rebac.net.

Three More rCRMS Classes Scheduled

rCRMS: Federal Legal Issues
Tuesday, April 3
Phoenix Association of REALTORS®
Instructors: Attorney Rick Mack & REALTOR® Frank Dickens
$99 | C/E: 3-legal issues, 3-Fair Housing | Register Online | Class Flyer

This course offers a detailed look at federal issues that impact a real estate transaction, including antitrust, RESPA and Fair Housing.

rCRMS: Disclosure & Due Diligence
Monday, August 6
WEMAR
Instructors: Attorney Rick Mack & REALTOR® Frank Dickens
$99 | C/E: 6-disclosure | Register Online | Class Flyer

Explore your disclosure obligations and the due diligence responsibilities of the parties in a real estate transaction.

rCRMS: Mastering the Residential Resale Transaction
Monday, October 22 – Tuesday, October 23
Scottsdale Area Association of REALTORS®
Instructors: Attorney Rick Mack & REALTOR® Frank Dickens
$99 | C/E: 9-contract law, 3-disclosure | Register Online | Class Flyer

This course provides a detailed look at the framework that makes up real property contracts, AAR’s Residential Resale Purchase Contract in particular.

AAR Congratulates the Newest GRI Designees

October 2011 – January 2012