AAR Mediation Program Intact Despite Rule Changes

Posted on September 10, 2015 by Nikki Salgat

In January of this year, a petition to amend Rules of the Supreme Court was submitted to the Arizona Supreme Court. Included in the petition was a recommendation to revise Rule 31, which addresses mediators. Pursuant to the petition, the proposed changes would “clarify the status of mediators.” The significant proposed changes included the following: […]

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Compliance with Fair Housing and Assistive Animals

Posted on September 8, 2015 by Nikki Salgat

The Fair Housing Act (FHA) is applicable to nearly all types of housing. Under the FHA, housing providers are obligated to permit, as a reasonable accommodation, the use of animals that work, provide assistance, or perform tasks that benefit persons with disabilities, or provide emotional support to alleviate a symptom or effect of a disability. […]

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Independent Contractors or Employees: Assistants, Transaction Coordinators and Administrators

Posted on August 21, 2015 by Nikki Salgat

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New TRID Forms Go Live on September 28, 2015

Posted on August 21, 2015 by

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Back to BINSR Basics

Posted on August 13, 2015 by Michelle Lind

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TILA-RESPA Integrated Disclosure rule changes to AAR forms

Posted on June 17, 2015 by

Reviewed May 2016 By Martha Appel, 2015 Arizona Association of REALTORS® Risk Management Committee Chair The Consumer Financial Protection Bureau (CFPB) published the TILA-RESPA Integrated Disclosure rule (TRID) which combines and replaces disclosures that consumers receive in connection with applying for and closing on a mortgage loan under the Truth in Lending Act (TILA) and […]

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Revised TILA-RESPA Compliance Forms FAQs and Sample Forms

Posted on June 16, 2015 by

Frequently Asked Questions In September 2015, the Arizona Association of REALTORS® will release revised versions of the following four forms: (1) Pre-Qualification Form; (2) Loan Status Update; (3) Residential Resale Real Estate Purchase Contract; and (4) Vacant Land/Lot Purchase Contract. To better understand the changes made to these forms, the reason for the changes, and […]

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Don’t Add Confusion to an Addendum

Posted on May 11, 2015 by

The purpose of an addendum is to include additional terms and conditions to a contract. More specifically, an addendum may accomplish the following: (1) provide further explanation to the terms in the contract; (2) modify existing terms in the contract; or (3) present new considerations to the contract. While an addendum should only affect those […]

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Hackers Perpetrate Wire Transfer Fraud Scams Across Arizona

Posted on May 1, 2015 by

According to REALTORS® and title companies across the state, Arizona real estate transactions are once again being targeted by hackers perpetrating wire transfer fraud. It is customary for parties in a real estate transaction to receive, and comply with, wire transfer instructions. Unfortunately, it has become increasingly common that those instructions were not generated by […]

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Close of Escrow Changes, October 3, 2015 – FAQs

Posted on April 23, 2015 by

The Consumer Financial Protection Bureau has published revised final rules and forms that combine disclosures that consumers receive in connection with applying for and closing on a mortgage loan under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). The new forms include a Loan Estimate and a Closing Disclosure. […]

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