What is Private Mortgage Insurance, How Does It Work and When Can I Remove It From My Loan?

Posted on October 19, 2015 by Nikki Salgat

Private Mortgage Insurance, often referred to as PMI, is a form of insurance that protects the lender in the event that the borrower stops making payments on their loan. More specifically, if the borrower defaults, the mortgage insurer reduces or eliminates the loss to the lender, meaning that the lender is the sole beneficiary of […]

Continue Reading »

A Simple Solution to Solar Lease Liability

Posted on September 25, 2015 by Scott Drucker, Esq.

Residential solar power is increasing in popularity and an attractive option to many homeowners throughout Arizona. While REALTORS® often express concern about potential liability associated with transactions involving leased solar systems, ensuring that a copy of the solar lease is attached to the Residential Seller’s Property Disclosure Statement (SPDS) can decrease the potential liability of […]

Continue Reading »

TRID Forms Webinar – Review of AAR Revised TRID Forms

Posted on September 18, 2015 by

This overview of August 2015 changes to AAR forms to comply with the October 3, 2015, implementation of TRID rules. This webinar is hosted with Martha Appel, Vice President & Designated Broker, Coldwell Banker Residential Brokerage and 2015 AAR Risk Management Committee and with Scott Drucker, Esq., AAR General Counsel.

Continue Reading »

MLS Connect & TRID Forms

Posted on September 11, 2015 by

To view the contents of this post, you must be authenticated and have the required access level.

Continue Reading »

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: […]

Continue Reading »

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. […]

Continue Reading »

Arizona Sinkholes: Disclosure & Liability

Posted on August 26, 2015 by

As recently reported on azcentral.com, a study by ASU’s School of Earth and Space Exploration shows that parts of Apache Junction, Sun City West, Peoria, the North Valley, Tucson, Casa Grande and Eloy are at risk of developing sinkholes. Scientists at the school blame large amounts of groundwater that was pumped years ago and report […]

Continue Reading »

Independent Contractors or Employees: Assistants, Transaction Coordinators and Administrators

Posted on August 21, 2015 by Nikki Salgat

To view the contents of this post, you must be authenticated and have the required access level.

Continue Reading »

New TRID Forms Go Live on September 28, 2015

Posted on August 21, 2015 by

To view the contents of this post, you must be authenticated and have the required access level.

Continue Reading »

ADRE on Advertising, Ltd Service Listings & Unlicensed Assistants

Posted on August 18, 2015 by

To view the contents of this post, you must be authenticated and have the required access level.

Continue Reading »