Arizona REALTORS® Save Homeowners $20.2 Million

AZ-flag 75 x 119The 52nd, 1st Regular Legislation was one for the books. In a year that started with all new statewide leadership and a handful of new freshman legislators, the legislature was able to pass a budget in record time and adjourn Sine Die in 81 days. This year the legislature once again faced an enormous budget battle that saw statewide cuts to K-12 education funding, university funding and Medicaid provider pay as well as epic battles between microbreweries versus distributors and rideshare companies like Uber and Lyft versus taxis.

While many witnessed cuts to their industries, the Arizona REALTORS® were successful in protecting your business and the private property rights of homeowners. The Arizona REALTORS® successfully saved homeowners over $20.2 million dollars by protecting the homeowners rebate from cuts in the state budget. Additionally, the association lobbied to prohibit certain fees for residential services to be charged to anyone other than a person who physical resided at the property and received the services (Senate Bill 1342).

The Governor now has 10-days to sign, veto or allow legislation to become law without his signature. Of key importance to the Arizona REALTORS® is a bill that awaits Governor Ducey’s signature. The bill would prohibit cities and towns from requiring real estate brokers or salespersons to obtain any additional business license for conducting business within the municipality (Senate Bill 1368). The Arizona REALTORS® anticipate a successful outcome for the passage of this bill.

For more information on the bills, please visit: SB 1342 & SB 1368

Update April 7, 2015:

Senate Bill 1368 has been signed into law by Governor Doug Ducey.

Tags: , , , ,