Dodd Frank Act Limits Interest Rate in Seller Carryback

Posted on February 29, 2016 by

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

Continue Reading »

Proper Use of Section 1d of the Residential Purchase Contract

Posted on February 25, 2016 by Lee Cooley

Generally speaking, a contract is an agreement with specific terms between two or more persons or entities in which there is a promise to do something in exchange for a valuable benefit known as consideration. Although it may seem obvious, an essential element of a valid contract is that all parties agree on all major […]

Continue Reading »

Generally a Cure Notice Must be Given Before a Party is Entitled to Damages

Posted on February 11, 2016 by

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

Continue Reading »

Expansive Soils in Area Should be Disclosed in Public Report

Posted on February 8, 2016 by

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

Continue Reading »

Notice of Cancellation Based on Appraisal Value Must be Given Within Five (5) days of Notice of Appraised Value

Posted on February 1, 2016 by

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

Continue Reading »

Agent’s Credentials Being Used Fraudulently

Posted on January 29, 2016 by

According to a former Arizona licensee, his real estate license identity has been stolen and is now being used to perpetrate fraudulent scams. The agent reporting this information severed his Arizona real estate license fewer than 30-days ago and relocated to another state. But just days ago, while living out-of-state, he received a brief email […]

Continue Reading »

Deposit of Earnest Money is Curable

Posted on January 28, 2016 by

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

Continue Reading »

February 2016 Form Revisions

Posted on January 28, 2016 by Lee Cooley

AAR Policy Statement P.30 states, “New or revised forms shall be released on or about February 1, June 1 and October 1 unless law or regulation mandates earlier release.” Pursuant to this Policy, at the beginning of February two of AAR’s standard forms have been revised as follows: PRE-QUALIFICATION FORM 12 CFR 1026.19(e)(2)(ii) states: Written […]

Continue Reading »

Termites (or Lack Thereof) Are Not Warranted Under Contract

Posted on January 25, 2016 by

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

Continue Reading »

Real Estate Licensee Must Comply With Fair Housing Act Even With Personal Residence

Posted on January 25, 2016 by

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

Continue Reading »