AAR and the Arizona Department of Real Estate are pleased to announce this new resource: Short Sale Seller Advisory. A short sale involves numerous issues as well as legal and financial risks. This advisory is designed to address some of these issues and risks but does not purport to be comprehensive.
Our industry is changing quickly, and AAR’s Winter Conference is a great way to be on the leading edge of change. Get caught up on this market’s trends with timely presentations on issues you’re facing today. Network with industry leaders from across the state. Discover best practices for short sales, financing, social media, mobile business and more. Best of all, this jam-packed event comes at an affordable price. Here’s a quick look at the agenda.
Arizona REALTOR® Magazine - February 2010
Discover 12 ways to incorporate video into your business. Learn four quick changes you can make on LinkedIn to improve your profile. Get tips for creating a paperless office. View the latest Legal Hotline Q&A's. And that's just a start! Read the February issue now.
Free AAR Webinar: "RESPA Reform and Your Business"
Find out how RESPA changes, including the new Good Faith Estimate and HUD-1 forms, affect your business. This webinar is taught by Amy Swaney, CMB, one of only nine individuals who hold the residential “Certified Mortgage Banker” (CMB) designation in the state of Arizona. Listen now!
rCRMS Course: "Essential Skills for a Successful Closing"
This course, held February 12, 2010 in the Phoenix Association of REALTORS® classroom, addresses risk management topics related to handling the financing, escrow and title aspects of real estate transactions. Taught by Arizona real estate attorneys, rCRMS courses help you anticipate and avoid pitfalls for you and your client. Learn more.
FHA Changes Include Higher Down Payments for Some Buyers
On January 20, 2010, FHA announced four important changes that
will help it manage risk and strengthen its capital reserves.
1. The up-front mortgage insurance premium (MIP) will increase
to 2.25% (from 1.75%) this spring.
2. Homebuyers with FICO scores below 580 will be required to
have a minimum 10% down payment starting in early summer.
3. FHA will reduce allowable seller concessions from 6% to 3% in
early summer.
4. HUD will enhance monitoring of FHA lenders and increase
enforcement.
Learn more about the FHA changes.
CRB Course: "Analyzing Your Company for Profit"
This Certified Real Estate Brokerage Manager (CRB) course comes to the AAR classroom February 24-25, 2010. The course uses case studies of real estate brokerage companies for practical understanding of the relationship between gross commission income, variable expenses, fixed expenses and profit. Learn more.
HUD Expands Property Flipping Waiver
HUD is temporarily expanding the property flipping waiver to include investors and entities that purchase foreclosures either singly or in bulk for resale. Under the waiver, homes that were foreclosed on and are being sold by the mortgagee or on its behalf may be purchased by FHA borrowers without regard to the 90-day seasoning period. Get the details on the HUD website.
2010 Dues Reminder Your national, state and local REALTOR® dues for 2010 are due soon. This is a reminder to pay by the deadline to avoid late fees. Please be advised that if you do not pay on time and your membership is suspended, your access to the MLS and ZipForm will be suspended as well. Please contact your local association if you have any questions.
