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Welcome to your virtual office!
All forms are available below just click and a
PDF version should open in new window. If you
have any questions please contact the main
office 480-584-3311.
If after hours call
Peggy 602-206-3336 or Michael 602-882-0075
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February 2010
Broker Update:
ARMLS UPDATE!!!
On Friday, February
26, 2010 ARMLS® will add a new field,
Status Updates, to Residential, Land
and Lots, Commercial & Industrial Buildings
for Sale and Multiple Dwelling listings.
This new field will give REO and Short Sale
listing Agents the opportunity to update
other ARMLS® users as to where the property
is in the process of accepting offers, prior
to the point where the listing status must
be changed from Active. This will then
allow other Subscribers to search against
the Status Updates field to eliminate
listings based on where they are in the
process. The field is not required; it is
to be used at the discretion of the listing
Agent and their Seller for their mutual
benefit.
The options in the Status Updates field will
be:
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1. Multiple
Offers Received: Multiple offers have
been submitted to Seller, but none has
been approved.
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2. REO
Approval Indicated: Seller has
indicated approval of offer; the Buyer
has not yet signed addenda.
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3. Buyer
Signed Bank Addenda: When Buyer signs
accepting addenda from Seller.
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4. Short
Sale Offer Submitted to Seller’s
Lender: At least one offer on a short
sale has been submitted to and is
pending review by the Seller’s lender.
The listing has been left in Active
instead of AWC-I status under the
allowable exceptions detailed in the
Short Sale Policy.
AAR Just released:
Short Sale Seller Advisory:
forms/Short_Sale_Advisory_ADRE.pdf
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