RAPAC Summer Sweepstakes Winners

In a unique fundraising campaign to help protect your business at the legislative level, the Scottsdale Area Association of REALTORS® (SAAR) raised more than $13,000 with the RAPAC Spring-to-Summer Sizzle Sweepstakes. Congratulations to all of our members who participated in raising funds to also advocate for private property owners. July Drawing Winners Doug Groppenbacher, Firebird …

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REALTORS® of Maricopa County Endorse Tomorrow’s Leaders

Maricopa County (July 11, 2016) – The REALTORS® of Maricopa County Candidate Review Committee announced today its endorsements for races in Maricopa County. When making the decision of whom to endorse, the group considered each candidate’s strengths in the areas of economic development, transportation, private property rights, economic vitality, housing opportunities, community safety, preserving the …

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New AZ Legislation Stops Municipalities From Banning Short-Term/Vacation Rental

On May 13, 2016, Governor Doug Ducey signed into law SB 1350, which prohibits municipalities from banning the listing and use of short-term rentals. 1 Prior to SB 1350, short-term rentals were essentially “flying under the radar” in most areas of the Valley, including Scottsdale, which prohibited less than 30 day rentals. Despite city ordinances, …

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New money laundering and terrorist financing concerns

Luxury Housing and Commercial Real Estate transactions are drawing federal attention!  This is thanks to the rate of $1 million and up cash deals going on in these markets.  Cash transaction are perfect targets for money laundering and means for terrorist financing, as identified by the Financial Crimes Enforcement Network (FinCEN) at the Treasury Department. …

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House Unanimously Passes Condo Bill

On February 5, 2016, the National Association of REALTORS® (NAR) reported that the US House of Representatives unanimously passed the “Housing Opportunities through Modernization Act” – also known as the “Condo Bill” – with a 427-0 vote! The Act includes three major provisions supported by the REALTOR® association: The legislation solves a number of concerns …

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Urgent call for action: Scottsdale City Council votes Jan 11

Act now on this urgent call for action: As you may know, the SAAR Board of Directors voted in February 2014 to support the Desert Discovery Center (DDC) – an incredible, immersive experience that would draw visitors and residents alike to learn about the desert and our beautiful Sonoran Preserve. The DDC is good for your …

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New 2016 FHFA scorecard released

The Federal Housing Finance Agency (FHFA) released its annual Scorecard for Fannie Mae and Freddie Mac on December 17, 2015.   These government sponsored entities, or “GSEs,”  utilize the “Scorecard” as an agenda for setting their priorities while in conservatorship.  For 2016, the FHFA outlined these three strategic goals: Maintain, in a safe and sound manner, …

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Fountain Hills’ A-Frame and Banner Sign Ordinance given 3-year extension

On December 17, 2015, the Fountain Hills City Council voted 6-0 in approval of granting a 3 year extension to their A-Frame and Banner Sign Ordinance.  This is great news for local businesses and REALTORS® who utilize A-Frame signs!  Previously, the sign ordinance was up for an annual review and only granted a one-year extension.  Based …

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Legislation passed benefiting Commercial Real Estate

Congress passed sweeping legislation on December 18, 2015, that puts an end to many of the stop-gap funding measures known as “Continuing Resolutions,” an Omnibus appropriations bill and a tax extenders package.  This more than two-thousand pages of legislation has given Commercial Real Estate some major wins.  The President is expected to sign this into …

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25 REALTOR wins in recent Fiscal Year legislation

Today, Congress has passed sweeping legislation of more than two-thousand pages to fund the Federal Government Fiscal Year 2016. The legislation is expected to be signed into law by the President when it arrives at the White House later today (Dec. 18, 2015). The new legislation will put an end to the series of stop-gap funding …

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