One of the important benefits of membership in the Arizona Association of REALTORS® (AAR) is the legislative efforts on behalf of homeowners. Want to see what those efforts look like first hand? Here’s your chance.
In this video, the Arizona State Senate’s Committee on Commerce and Economic Development discusses HB 2768 (“real property transfer fee convenants”) starting at 28:20. AAR CEO Tom Farley shares the association’s position on the legislation and has a lively exchange with committee members from 34:18 – 01:07:45. (Move the blue slider to advance to that section of the video below.)
Watch your association—and your state government—in action!
(You can also view the video on the state legislature’s site.)
Learn more about private transfer fees with these resources:
Washington Post: “A New Real Estate Cost to Watch for: Developer’s Private Transfer Fee”
REALTOR® Magazine’s Speaking of Real Estate Blog: “Help for Battling Private Transfer Fees”
NAR: “Private Transfer Fees—Potential for Trouble, Problems for the Future?” May 2008 (46-page PDF)