AAR CEO Tackles Private Transfer Fees at Capitol

by Sage Dillon on March 29, 2010

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)

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{ 1 comment }

Todd Menard March 30, 2010 at 8:04 am

The Preamble of the National Association of REALTORS Code of Ethics indicates we, as REALTORS, need to remain diligent in remaining informed on issues effecting our industry therfore every REALTOR should view this post and subsequent posts to facilitate this aspiration. I found this video informational with regard to the purpose of HB2768 and to the positions of each member of the Arizona State Senate’s Committee on Commerce and Economic Development. Thank you for offering this opportunity and all the efforts you take to promote the rights of homeowners and the real estate profession.

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