Voters in 2008 passed by a margin of 77% to 22% a constitutional amendment to prohibit the state, county or city from charging a transfer fee on the sale of a home. Unfortunately, the ballot measure did not include a prohibition on private transfer fees. Now a new property transfer fee scheme has arisen in which a third-party company enters into an agreement with a developer to record a permanent covenant and lien on each home built. Subsequently, each time that home is sold – for as long as 99 years – a percentage of the sales price is diverted back to the developer and the third-party company. This happens even though the developer and third-party company don’t own the property and don’t pay any portion of the mortgage, remodeling costs or other improvement expenses. This is an abuse of the CC&Rs that are commonly recorded on residential property, an abuse that takes a home seller’s sales proceeds and provides nothing to the homeowner in return except increases in cost. This scheme is a risk-free effort for everyone – except the homeowner.
HB 2768 prohibits this third-party transfer fee scheme from continuing in our state. It has passed both the House and the Senate and awaits Governor Brewer’s signature into law.
New Rules for Contractors-Painters-Rehab Specialists-Trash-out Crews-Fix & Flippers
Beginning April 2010 contractors/owners performing work that disturbs lead-based paint in homes, child care facilities, and schools built before 1978 must:
• Be EPA certified, and
• Follow specific work practices to prevent lead contamination.
To learn more about how you can meet these requirements contact the National Lead Information Center at 1-800-424LEAD (5323) or visit www.epa.gov/lead and http://www.epa.gov/lead/pubs/renovation.htm Read More »
Draft better BPOs. Learn about the new Short Sale Seller Advisory. Become a go-to source for real estate market statistics. View the latest Legal Hotline Q&As. And that’s just a start! Read the March issue now.
Monday, February 22nd:
Family Reunion
1:00-2:00 Understanding the New Rules of the Short Sale Game:
What Major Players Are Doing to Increase Activity
Tuesday, February 23rd:
Family Reunion
Wednesday, February 24th:
Family Reunion
Thursday, February 25th:
BOLD TRAINING
1:00-3:00 The Wise Agent, Sponsored by Security Title
Friday, February 26th:
9:00-11:00 CAMP 4:4:3 Module 5: Buyer Consultation, Initial Steps
1:00-3:00 Real Estate- The Business of Lead Generation with Mark Collard and Security Title
Happy Birthday to:
02/26 Ryan Johnson
02/26 Doug Sutton
02/28 Kelly Gould
02/28 Linda Newton
On February 18, 2010 ARMLS® updated the display of the various pool fields.
Click here for more details.
On Monday, February 22, 2010 ARMLS® will be adding Basement Description as a new required field to the Residential and Residential Rental property types. This field will complement the existing Basement selection in Other Rooms to more fully illustrate the style of basement.
Basement Description will contain the following selections:
• None, Walkout, Finished, Unfinished, Full, Partial
Special note when editing existing listings: Because this new field is required, upon editing an existing Residential or Rental listing, you will be prompted to select a value.
Monday, February 15th
9:00-11:00 CAMP 4:4:3 Module 4: Leveraging Your Business Through your Sphere of Influence
Tuesday, February 16th
10:00-12:00 DISC Personality Training- Learn Hour to Relate to EVERY Client, with Danette Earnest
1:00-3:00 36:12:3 with Elaine Sans Souci- Working with your Mets
1:00-2:00 Sureclose Training in the Bullpen Conference Room with Amy Lines
Wednesday, February 17th
11:00-12:30 Team Meeting. Lunch Sponsored by Old Republic Home Protection
1:00-2:00 Committee Meetings- University Room
5:00-7:00 KWEV Open House
Thursday, February 18th
BOLD TRAINING
9:00-11:00 RM203- Understanding your Role in the Escrow Process
12:00-1:00 Lunch n’ Learn: Why you just cost your client their earnest money, with Staci Overton and Grand Canyon Title Company
2:00-3:00 Come Build your KW Website in the Bullpen
Friday, February 19th
12:00-12:30 Memory Dynamics- Come Learn How to Improve Your Memory
1:00-3:00 The Pricing Presentation with Bob Loeffler
Happy Birthday to:
02/15 Roger Casteel
02/15 Mark Cox
02/16 Lloyd Heath
02/18 Heidi Mayer
02/18 Scott Delaney
Monday, February 8th:
9:00-11:00 LAUNCH of CAMP 4-4-3 Module 1: Path to Success
12:00-1:00 RM 405 Broker Hour- Lunch Sponsored by Security Title
Tuesday, February 9th:
1:00-3:00 36:12:3 with Danette Earnest– Leveraging a Powerful Contact Database
3:30-5:00 ALC Meeting
Wednesday, February 10th:
9:00-11:00 CAMP 4-4-3 Module 2: Customer Service Selling
12:00-1:00 Leadership Forum with Doug, Staci & Mark. Lunch Sponsored by Stewart Title
Thursday, February 11th:
BOLD TRAINING
9:00-10:00 RM 301- COMBS LAW GROUP: “Hot Legal Issues”
Friday, February 12th:
9:00-11:00 CAMP 4:4:3 Module 3: Four Laws of Lead Generation
12:00-1:00 Lunch n’ Learn: Short Sale Industry Update– Sponsored by Grand Canyon Title
Happy Birthday to:
Jimmy Rios 02/09
Chris Atchley 02/09
Christine Redding 02/10
Charles Pierson 02/10
Brooke Zandt 02/13
On February 3, 2010 ARMLS® will be adding a new required field to the Residential Rental property type to specify listings with special conditions. The new Special Listing Conditions field will contain one new selection and two existing selections will be moved from the current Lease Information field.
Special Listing Conditions will contain the following selections:
• Age Restricted (NEW)
• Owner/Agent (moved from Lease Information)
• Also for Sale (moved from Lease Information)
• N/A
Click here for important details on editing existing rental listings and how this change will affect Saved Searches containing the Lease Information field.
