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Category Archives: Legal Issues
MARS Update – July 2011
Big news on the MARS Short Sale front this week, both from the ADRE and the FTC. We’ll probably hear more from ADRE once the Federal announcement gets digested. Here’s an excerpt from the ADRE bulletin earlier this week. Here’s what the FTC had to say. So what do these announcements mean to the agents negotiating short…
Freddie Mac Short Sale Addendum
Have you seen the changes made to the required Freddie Mac Short Sale Addendum? They’ve recently added three “agents/parties”; seller’s agent, buyer’s agent, and escrow closing agent. All three are required signatories to the addendum. Previously the buyer and seller had to acknowledge and agree to things like; it’s an arm’s length transaction, there are…
MARS Disclosure Update – 5/4/11
Hot off the presses…all the way from MARS!! Here’s the update we’ve all been waiting for…or not? From: K. Michelle Lind, Esq. General Counsel/Asst. CEO ARIZONA ASSOCIATION OF REALTORS® It appears that we made the right call regarding advising our members to continue to comply with the MARS Rules. Below is an email that I…
Dazed and Confused about Medical Marijuana and AZ Rental Issues?
I think this is a good article for Property Managers. Medical Marijuana & Fair Housing Update By Andrew M. Hull, Attorney at Law Arizona REALTOR® Magazine » April 2011 As many know, the hot issue of the impact of the new medical marijuana law in Arizona has many confused as to how they should proceed…
Protect Mortgage Insurance Deductions!!
Many of us are frustrated with what is happening through laws, bills, and changes. If ever you want to get “involved” now is the time. Picture our industry and what will happen if mortgage interest write offs are taken away, or at a minimum limited. We can’t let that happen. I am attaching a video…
Sitting Open Houses for Another Agent-Different Company
From the Real Estate Department’s New bulletin- Here’s our Commissioner clarifying the Open house question Q. May a licensee of one company hold an Open House on a listing of another company? A. The Department sees pitfalls with the arrangement, specifically confusion on the part of the public. ADRE requires that both involved brokers agree…
MARS Disclosure Update
Designated Broker, Jim Sexton, updates us on MARS Disclosure issues and shares his upcoming teaching schedule. There are several classes on MARS and the AZ Contract Revision at the end of this month.
2 HAFA Classes for CE Credit
HAFA – Home Affordable Foreclosure Alternatives – August 18th We have been inundated with information and rules about SHORT SALES for the last two years. Knowing more information about SHORT SALES only helps you become the most informed and knowledgeable Realtor. As well, this helps limit you and your clients liability. Well, just when you…
Short Sale Think Tank – June 24th
What: Open Office Think Tank Meeting at the JHA Glendale office – 10 a.m. – June 24th Who: Open Office = ALL Valley REALTORS® are welcome, not just John Hall & Associates REALTORS® Purpose: Meeting of the “minds” of all REALTORS® who are in the trenches processing Short Sales and want to share and benefit…
Jim Sexton – Short Sale Seminar Tomorrow
With so many different classes this week I thought I’d send out a quick reminder that Old Republic’s Short Sale Seminar with Jim Sexton, John Foltz, Michelle Lind, Steve Chader, and Duane Fouts is tomorrow morning from 9-12. If you’d like to register, click here. It’s being held in Old Town Scottsdale near the intersection…
Designated Broker Office
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