Yearly Archives: 2014
Limitations On Sellers’ Warranties In Real Estate Transactions
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July 21, 2014
By Stephanie Monroe Wilson I. INTRODUCTION. The standard Arizona real estate purchase contract contains the following in the warranty section: “Seller warrants that Seller has disclosed to Buyer and Broker(s) all material latent defects and any information concerning the Premises known to Seller, excluding opinions of value, which materially and adversely affect the consideration… Read more
What Does It Take To Be Great In Real Estate?
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July 21, 2014
By: P.R. “Randy” Cooney Publisher, Arizona Journal of Real Estate & Business After being in real estate for many years, I have seen agents develop their own recipe of day-to-day tactics in an effort to be successful. One of the advantages that I have as a publisher and an instructor at the Arizona School… Read more
What You Need to Know about the Economic Loss Rule (Part 2 of 2)
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June 16, 2014
By Christopher J. Charles, Esq. & David Degnan, Esq. Prudent real estate professionals should have a general understanding of which real estate related claims are and are not recoverable – not only for themselves, but for their clients’ sake. And just as important, real estate professionals should understand how contracts may impact those claims…. Read more
The Winners Are
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June 16, 2014
By P.R. “Randy” Cooney Publisher, Arizona Journal of Real Estate & Business In preparation for an upcoming seminar on selling listings, I recently posted on Facebook a unique request. I asked that real estate agents share a “going-the-extra-mile” type story in order to procure the sale of a listing. I offered $100 gift certificate… Read more
Are Appraisers Reporters or Creators? How Agents Can Prepare For an Appraisal
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June 16, 2014
By Robert Oglesby The valuation process to most people outside of the appraisal world is somewhat puzzling. Often times, a real estate agent will hand an appraiser a Competitive Market Analysis (CMA) and indicate “this is how I came up with my price.” The process is much more intricate than that. The valuation process… Read more
Condominium Sales – What Buyers and Listing Agents Must Know to Be Successful
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June 16, 2014
By Victor Butschek Condominium sales have become very prominent over the years in the Phoenix area, but they present a set of circumstances that are unique. Are you “up” on the current requirements? Basic Facts A condominium, by definition, gives ownership of the interior space of the dwelling….described as “from paint to paint.” If… Read more
How Do We Fix Our Broken System for Low Income People?
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June 16, 2014
By Flynann Janisse As the rental market continues to find its post-recession footing, it’s clear that many of the issues that existed in affordable markets prior to 2008 are still present today. Often times while speaking at industry forums, I highlight that the system in place for keeping low-income individuals and families in homes… Read more
Assignments of Buyer’s Rights Under Purchase Agreements
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June 16, 2014
By Michael T. Denious Often in the course of a real estate transaction, the named buyer under the purchase agreement will seek to assign its rights as buyer to another party, referred to as the assignee. In connection with such assignment, the assignor/buyer transfers any and all rights as buyer under the subject purchase agreement… Read more
The Difference Between Mediation & Arbitration
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June 16, 2014
By David Allen Many people use the terms “mediation” and “arbitration” interchangeably, mistakenly believing the two words have the same meaning. While the English language is curiously replete with examples of different words with the same meaning (e.g., car and automobile), the words mediation and arbitration are not synonymous. The confusion is possibly caused… Read more
What You Need to Know about the Economic Loss Rule (Part 1 of 2)
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June 16, 2014
By Christopher J. Charles, Esq. & David Degnan, Esq. Whether you’re a real estate broker, contractor, lender, or attorney, most real estate professionals will encounter litigation at some point in their career. As a result, it’s important to understand what claims and damages are recoverable concerning real estate-related disputes. This article begins a two-part… Read more