Avoid Using “On or Before” in Contracts

Posted on July 14, 2016 by Lee Cooley

“On or before” is often included in contracts to show that performance may be completed prior to the deadline date. When submitting or accepting an offer, there are many scenarios in which it might seem prudent to insert this verbiage before the close of escrow date. For example, a home has to sell before a […]

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Steps to Increased Website Accessibility

Posted on July 7, 2016 by Lee Cooley

REALTORS® throughout Arizona are working to make their websites more accessible to those with disabilities. In some instances, this step is taken in response to threats of litigation alleging that the real estate professional’s website violates the civil rights of individuals with disabilities. But more commonly, REALTORS® are taking this step because they deem it […]

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What You Should Know About Loan Contingency & Cure Period Notice

Posted on July 1, 2016 by

Guest writer Fletcher Wilcox, VP Business Development, Grand Canyon Title Agency Since January 2004, more than 1,000,000 transactions listed in ARMLS have closed. Almost every one of them closed using the AAR Residential Resale Real Estate Purchase Contract (the “Contract”). To many agents, the Loan Contingency and Cure Period Notice are some of the most misunderstood […]

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Real Estate Teams FAQs

Posted on June 16, 2016 by Lee Cooley

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Lease Agreement Violated by Short-Term or Vacation Rental

Posted on June 14, 2016 by

In a notice to the Sedona Verde Valley Association of REALTORS® that was forwarded to the Arizona Association of REALTORS® (AAR), a member reports that a tenant violated their lease agreement by offering the property as an available short term or vacation rental. Pursuant to the report, a tenant signed an AAR Residential Lease Agreement […]

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Make Sure to Use the Most Current Forms

Posted on May 12, 2016 by

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The Perils of Social Media

Posted on May 5, 2016 by Lee Cooley

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Wire Transfer Fraud Scams Are on the Rise

Posted on April 14, 2016 by

In May 2015, AAR published an article regarding hackers committing wire transfer fraud in Arizona. Since that article, wire transfer fraud scams are on the rise nationwide. Due to the influx and severity of the scams, the Federal Trade Commission (FTC) and National Association of REALTORS® (NAR) have increased their efforts to warn the public […]

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Rejecting Prospective Residents Based on Criminal History May Violate Fair Housing Laws

Posted on April 13, 2016 by Lee Cooley

Throughout the United States, individuals with criminal records, regardless of whether they pose little or no threat, face significant barriers when seeking to buy or rent a home. Amazingly, between 70 million and 100 million Americans, or as many as one in three American adults, have some type of criminal record. And while many have […]

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Why More Canadians May Sell U.S. Properties in 2016

Posted on March 9, 2016 by

By Fletcher Wilcox Many Canadians own residential real estate in Arizona. They are especially attracted to the desert areas of Arizona during the winter when they can soak in the sun rather than shake off the snow. Many got spectacular deals purchasing residential properties when prices were low and the Canadian dollar was close to […]

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