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Category: Risk Management

FHA’s Waiver of the Property Flipping Regulation is Scheduled to Expire

by Arizona REALTORS on December 12, 2014

On December 9, 2014, the Federal Housing Administration’s (FHA) Office of Single Family Housing announced that the temporary waiver of the property flipping regulation is...
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Email the EPA by Friday, November 14th and ask them to Withdraw their Proposed Rule to Regulate Most Water Bodies

by Arizona REALTORS on November 11, 2014

The Environmental Protection Agency (EPA) and the U.S. Army Corps of Engineers (Corps) have issued a proposed rulemaking that redefines most water bodies as “waters...
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Marketing Services Agreements Under The Microscope

by Scott M. Drucker, Esq. on October 22, 2014

The Consumer Financial Protection Bureau (CFPB) is an independent entity housed in the Federal Reserve with its own budget and director, having broad authority and...
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The Handyman Exemption: Is it Really That Simple?

by Scott M. Drucker, Esq. on October 21, 2014

When considering a buyer’s request for repairs, REALTORS® know that repairs costing $1,000 or more must be performed by a licensed contractor while repairs under...
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Can a Lender Require You to Obtain Flood Insurance Above the Amount Required by Federal Law?

by Scott M. Drucker, Esq. on July 29, 2014

Faez v. Wells Fargo Bank, N.A., et al., 745 F.3d 1098 (11th Cir. 2014) According to a recent decision by the United States Court of...
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Purchase Contract Practice Pointer

by Scott M. Drucker, Esq. on March 31, 2014

Previously, AAR eliminated the Assumption/Carryback Addendum from its library of forms. It has since been replaced by three new seller financing addenda, along with a...
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Updates to the Buyer Advisory

by Arizona REALTORS on April 29, 2013

Updates for April 2013: *Updated all AAR website links Page 2 Loan Documents – new Ginnie Mae link Page 6 Flood Plain Status – updated...
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Short Sale Practices and Professionalism

by Jan Steward on September 28, 2012

AAR was contacted about how a real estate agent had written a short sale contract for a buyer.  The story was described as follows: a...
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Mortgage Fraud Takes a Deadly Turn!

by Jan Steward on July 24, 2012

A case out of New Jersey illustrates not only the seriousness of mortgage fraud but a commitment by law enforcement to eliminate the criminal element...
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On Contract Language That’ll Drive You Nuts

by Arizona REALTORS on July 9, 2012

  BY CAROL ANNE WARREN, GRI, ABR, AHWD, CNE Barb Freestone, Senior VP – Professional & Business Development atAAR, recently sent out an email. She’s...
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