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Articles tagged with: ARA

Business, Features and such, Legal, News, Real Estate »

[26 May 2011 | One Comment | 4,450 views]
The ARA strikes back

Springdale-based Real Forms filed a breach of contract action against the Arkansas Realtors Association (ARA) on May 11 in Washington County Circuit Court and the trade association filed its response on Tuesday.
The brouhaha stems from a contract Real Forms and the ARA entered into last August under which the software company was to provide real estate contracts to Realtors throughout the Arkansas through a custom application. The agreement was to expire after five years, but Real Forms alleges the ARA wrongfully terminated the contract during the first few months of …

Business, Commentary, News, Politics, Real Estate »

[14 May 2011 | 3 Comments | 6,888 views]
Congratulations, Realtors. Your dues are going up.

After months of talking about it, the National Association of Realtors (NAR) voted to raised dues by $40 starting next year to fund its political efforts.
That means Realtors’ national dues will increase from the current level of $80 to $120 starting next year. Well, sort of. Realtors now pay $115 in national dues thanks to a $35 assessment for the NAR’s Public Awareness Campaign that has been renewed and funded at varying levels in three-year cycles since it was put in place in 1998. That assessment is up for …

Business, Features and such, Legal, News, Real Estate »

[12 May 2011 | 7 Comments | 6,138 views]
Arkansas Realtors Association sued for over $375,000

Real Forms, a software company based in Springdale, filed suit against the Arkansas Realtors Association (ARA) in Washington County Circuit Court in Fayetteville on Wednesday.
According to the complaint, Real Forms entered into a contract with the ARA in August to provide real estate contracts to Realtors throughout the state. The Springdale company alleges the ARA breached its five year contract with Real Forms — valued at a minimum of $600,000 — in violation of a clause that allowed programmers a certain amount of time to fix any problems that cropped …

Business, News, Politics, Real Estate »

[9 Mar 2011 | 2 Comments | 4,478 views]
BPO legislation clears Senate subcommittee

After months of squabbling, a bill that would regulate broker price opinions (BPOs) prepared by real estate agents cleared the Arkansas Senate Committee on Insurance and Finance with a “do pass” recommendation.
The bill at issue — SB720 — is scheduled to go before the full Senate at 1:30 p.m. today. The battle lines are pretty well defined on this one, folks. On one side you’ve got appraisers claiming that BPOs — which are almost always cheaper to purchase than full appraisals — might in fact be used as appraisals. What’s …

News »

[15 Jan 2011 | No Comment | 1,167 views]
Week in review (1/9-1/15)

It was quite a busy week here at First Arkansas News.
There was so much going on, in fact, that it wouldn’t be a surprise if some of our regular readers missed a thing or two. It’s a true shame to miss an article or two, so we’ve made it easy for people to keep up with the latest posts on this site. You can follow First Arkansas News through our RSS feed, on Facebook, through Twitter or through daily email updates (click the appropriate link to keep up through any …

Business, News, Real Estate »

[11 Jan 2011 | 2 Comments | 3,500 views]
Mark Marchand named CEO of Arkansas Realtors Association

Sources close to the Arkansas Realtors Association (ARA) confirmed on Tuesday night that Mark Marchand has been named chief executive officer (CEO) of the trade organization.
Marchand — who started at the ARA on Monday — replaces Andy Schaus, who resigned as CEO in September. Chief Operating Officer Miki Bass was interim CEO while the association searched for Schaus’ replacement.
Marchand was CEO of the Pacific Southwest Association of Realtors in Chula Vista, Calif. That position is now held by Richard J. D’Ascoli, according to that organization’s Internet site. Marchand, according to …

Business, News, Real Estate »

[8 Jan 2011 | 3 Comments | 1,872 views]
Landlords Association of Arkansas clears up confusion

Well, it seems that both the federal Patient Protection and Affordable Care Act (i.e., health care reform) and Small Business Jobs and Credit Act are causing some confusion.
One could dedicate a lifetime trying to clear up all the confusion created by those two massive acts, but we’re interested in just one issue today — 1099 reporting requirements as they pertain to landlords. A 1099 form, quite simply, is what the IRS requires businesses to file when they make payments to certain individuals for services totaling more than $600.
For a classic …

Business, Commentary, News, Politics, Real Estate »

[12 Dec 2010 | 3 Comments | 2,010 views]
Whose money is it, anyway?

As most people who have been following real estate news know by now, a proposal to scale back the mortgage interest deduction failed.
Let’s review. President Barack Obama formed the National Commission on Fiscal Responsibility and Reform earlier this year for the purpose of putting together a proposal to cut the deficit. On Dec. 1, the bi-partisan task force released a 66-page report – called The Moment of Truth – that was designed to save $4 trillion over 10 years by rolling back deductions, raising some taxes and otherwise calling on …

Commentary, Politics »

[5 Dec 2010 | 8 Comments | 3,980 views]
The latest confusing foreclosure news

Trying to keep up with what’s happening with foreclosures around the nation is confusing, indeed.
At the end of November, Fannie Mae and Freddie Mac – the government-sponsored enterprises which underwrite the bulk of mortgages in the United States – told real estate agents to resume with sales of foreclosed properties. That was a significant announcement as Fannie and Freddie had about 240,000 properties set for foreclosure at the end of September.
Concerns over the adequacy of paperwork filed in foreclosure actions, however, caused Fannie and Freddie to order a halt to …

Commentary, Politics »

[1 Dec 2010 | One Comment | 2,185 views]
Editorial — NAR weighs in on proposal to scale back mortgage interest deduction

Remember that draft report from the National Commission on Fiscal Responsibility and Reform that the National Association of Realtors (NAR) told us not to take too seriously a few weeks ago?
That draft has become a full-fledged final report due to be considered by the commission on Friday. The Commission released the report today, prompting the NAR to go from it’s previous “nothing to see here” mode to warning that a reduction in the mortgage interest deduction could further damage still struggling housing markets.
Before getting into all of that, it’s important …