by Esther Hogan
SB1219 Real Estate Licensees – Effective July 29, 2010
- Four year real estate license period will become two year license period.
- A Criminal Clearance Card will be required at time of licensing (instead of fingerprint card).
- Business Broker license requirement is further defined.
- Licensee may cancel their real estate license.
- A licensee may surrender their real estate license prior to hearing on an investigation, with the understanding that they could never have an Arizona Real Estate license again.
SB1136 – Subdividers: public reports: Internet advertisement – effective July 29, 2010.
- Requires a subdivider to include a disclosure stating that a public report in available on the ADRE’s website in a print advertisement in a magazine or newspaper or on an internet advertisement, which advertises a specific lot or parcel.
- Requires the disclosure to state, “a public report is available at the State Real Estate Department’s website.”
- Makes technical and conforming changes.
by Esther Hogan
New rules go into effect April 22, 2010!
Lead paint poisoning affects over one million children today. Adverse health effects include learning disabilities, behavioral problems, and speech delays. If not done in a lead-safe manner, renovations and repair activities that disturb lead-based paint can expose children, as well as adults, to harmful levels of lead dust.
On April 22, 2008, EPA issued a rule requiring the use of lead-safe work practices aimed at preventing lead poisoning in children. On April 22, 2010, the rule becomes effective and firms performing renovation, repair and painting projects that disturb lead-based paint in homes, child care facilities, and schools built before 1978 must be certified, individual renovators must be trained by an EPA-accredited training provider, and the firms and renovators must follow specific work practices to prevent lead contamination. EPA estimates that the costs to contractors to follow the work practices will range from $8 to $167 per job, with the exception of those exterior jobs where vertical containment would be required.
To become a certified renovator, individuals are required to take eight hours of training, of which two hours must be hands-on training, to become certified. This training is good for five years. The cost of this training is set by individual training providers, not by EPA. In addition, renovation firms must be certified by EPA or by a state authorized by EPA to administer its own program. Firm certification is easy; firms need to send in a two-page application to EPA and pay a fee of $300. Certification is good for five years.
Search a database of Frequent Questions about RRP. You can also submit your own
by Jim Hogan
Last week “This American Life” on NPR radio had a fantastic piece on how Wall Street created the sub-prime meltdown. Their story, “Inside Job,” is a must listen! A companion piece appears on ProPublica’s blog. It’s called, “The Magnetar Trade: How One Hedge Fund Helped Keep the Bubble Going.”
This is facinating stuff. I was glued to the radio!
by Jim Hogan
Bank of America did a web cast last week on their short sale process. The hour long webinar can be accessed at: Bank of America did a web cast last week on their short sale process. The hour long webinar can be accessed at: http://www-waa-akam.thomson-webcast.net/us/dispatching/?event_id=3068e6f00b836d36a361d1da7777062d&portal_id=1b8fe57a2d304cdbc43f1e95f94ac46a
The short sale process is a moving target. Hogan School is always trying to keep you updated.
by Jim Hogan
The government’s HAFA program for short sales begins today. NAR has updated its video. You can watch it at: http://link.brightcove.com/services/player/bcpid74425227001
For information on HAFA courses go to: http://hoganschool.com/hafa.php
