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Posts Categorized: Industry News

ADRE Focus on Education

Industry News

Judy Lowe Commissioner, Arizona Department of Real Estate   The Arizona Department of Real Estate (ADRE) approves and oversees real estate schools and educators, including monitoring pre-licensing and continuing education courses, while always striving to ensure the highest quality for the content of courses and the competence of the instructors, as well as the quality… Read more

LAYING DOWN THE LAW – COURT OF APPEALS ISSUES NEW DECISION REGARDING OPTION CONTRACTS

Industry News, Laying Down the Law

Christopher J. Charles, Esq.   Philip A. Overcash, Esq.   When it comes to real estate transactions, more often than naught, the “devil” is in the details. The Arizona Court of Appeals, Division One, recently provided a roadmap to the rules concerning the specificity of an agreement required to obtain specific performance of an option… Read more

2017: The Best Of Times

Industry News, Market Update

  Bill Gray Educator, Arizona School of Real Estate & Business Faculty Associate, W.P. Carey School of Business   Just a few years ago the Arizona real estate market was in turmoil. Neighborhoods were riddled with foreclosures and short sales, while property values plummeted. Investors, seeing opportunities, purchased residential properties in bulk turning once owner… Read more

Sixty Days Later: The New AAR Purchase Contract

Industry News, Market Update

Fletcher R. Wilcox The Wilcox Report   As I write this article, it is sixty days since the introduction of the new AAR Residential Resale Real Estate Purchase Contract on February 1, 2017. I will review the change in seller concessions, which is a hot topic, and touch on something that recently happened when a… Read more

Market Summary

Industry News, Market Update

Michael Orr Journal Columnist Founder and Owner, Cromford® Report     The market in 2017 has so far continued the trends of 2015 and 2016. We have very limited numbers of entry level homes and first time buyers face a stressful time unless their budget stretches over $300,000. We have less than 40 days of… Read more

The Phoenix Metro Rental Industry

Industry News, Market Update

Tom Simplot President & CEO, Arizona Multihousing Association (AMA)   The rental industry in the Phoenix MSA is finally starting to catch up with major cities in America. There is market demand — plain and simple.  According to a recent market report on the Phoenix multifamily industry from Colliers International, vacancy rates ticked slightly higher… Read more

Economic Update

Industry News, Market Update

Sandra Watson President and CEO Arizona Commerce Authority   Spring is an exciting time in Arizona, as thousands of visitors make their annual pilgrimage to the Valley to take in the Arizona sunshine and sporting events including the Waste Management Phoenix Open, Spring Training baseball, and this year, the NCAA Final Four Championship. It’s an… Read more

Important Industry Information

Industry News, Press Releases, School News

We are pleased to announce effective February 14, 2017, the Arizona Academy of Real Estate has joined the Arizona School of Real Estate & Business. This decision was based on bringing two educational institutions together with complementary objectives and strategies to deliver increased value to the industry. Our role as leaders of real estate education… Read more

A Message From Commissioner Judy Lowe

General Real Estate, Industry News

Judy Lowe Arizona Department of Real Estate Commissioner   As real estate business models evolve nationwide, and Arizona’s market continues to grow, Teams will remain an established practice within real estate brokerages.  Here are a few helpful points you may reference when developing or evaluating your Team. “Teams” within the Arizona real estate industry are… Read more

Trump Economic Policies Likely to Spur Growth

Industry News

Elliott D. Pollack CEO, Elliott D. Pollack and Company   The election of Donald Trump has changed the outlook of the economy. The current stagnation narrative appears to be coming to an end. It’s axiomatic that different policies will have different results. While it is too early to be certain how Trump’s proposed economic policies… Read more

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