Home » Archive

Articles tagged with: Arkansas Realtors Association

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

[9 Oct 2014 | 2 Comments | 10,778 views]
State Supreme Court upholds $150k judgment against Arkansas Realtors Association

On September 25, the Arkansas Supreme Court upheld a May 2012 judgment from the Washington County Circuit court ordering the Arkansas Realtors Association (ARA) to pay $150,000 for breaching a contract with Real Forms Arkansas.
The contract at issue was entered into in 2010 by Springdale-based Real Forms and the ARA. Real Forms was under a five-year contract to provide real estate contracts software to the ARA which would be sold to Realtors throughout the Natural State. The contract would have generated at least $600,000 in revenue for Real Forms.
The contract …

Business, News, Real Estate »

[23 Apr 2013 | No Comment | 1,835 views]
Benton County leads state in March home sales

Economist Jeff Collins said in January that home sales started to improve last year and he said he’d seen no evidence to suggest we won’t see that trend continue in 2013.
In the Arkansas Home Sales Report for March, which is available from The City Wire in Fort Smith, Collins said the upward trend continues but said sales are still being impacted by high unemployment rates. Still, he said low interest rates and slowly climbing prices are motivating some buyers to jump into the market — interest rates are hovering around historic …

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

[18 May 2012 | 4 Comments | 17,231 views]
Arkansas Realtors Association ordered to pay $150k to Real Forms Arkansas

After a five day trial, a jury returned a verdict at about 10 p.m. on Tuesday night ordering the Arkansas Realtors Association (ARA) to pay $150,000 to a Springdale-based software company.
On May 11 last year, Real Forms Arkansas filed a breach of contract action against the ARA. Real Forms alleged the trade group reneged on a five-year contract to provide custom real estate forms software to Realtors throughout Arkansas. The ARA filed a counterclaim, alleging Real Forms was in breach because the company failed to provide a software package that …

Business, News, Real Estate »

[23 Apr 2012 | No Comment | 1,917 views]
Arkansas homes sales up in first quarter

Homes sales in the major markets in Arkansas were up in the first quarter compared to the first three months of 2011.
For the purposes of this report, the major markets are located in the 14 counties of central Arkansas, the Fort Smith area, the Jonesboro area and northwest Arkansas. About 70 to 75 percent of the homes sold in Arkansas are in those combined four areas.
Through March, sales closed on 3,675 homes in those areas — up from 3,521 in the first quarter last year. The first quarter sales are …

Business, News, Real Estate »

[19 Jul 2011 | No Comment | 4,732 views]
Homes sales down in central, northwest Arkansas

The June numbers from central and northwest Arkansas are in and they are pretty much as expected — sales for the month were down in those two areas of the state.
In a nutshell, the number of homes sold in 2011 was down in June and through June in central and northwest Arkansas. Homes stayed on the market longer before buyers purchased them, but those sellers who priced their homes well realized at least 95 percent of their sales prices on average. Still, the market has pretty well performed as expected …

Business, News, Real Estate »

[4 Jun 2011 | One Comment | 1,984 views]
Saline County home prices up for April, year

Contrary to expectations, home prices in Saline County were up in April and for the year compared to average sales prices in 2010 and 2009.
Why is that unusual? There were tax credits in place for qualifying home buyers in 2010 and 2009 — one might expect home prices from a time when the federal government wasn’t paying people to buy homes to be down when compared to times when buyers got cash when purchasing houses. That hasn’t happened in Saline County so far, where the average sales price of new …

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

[26 May 2011 | One Comment | 4,437 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 | 6,825 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 | 6,123 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, Commentary, Media, News, Politics, Real Estate »

[6 Apr 2011 | One Comment | 3,222 views]
Legislative wrap up

Before we get going on this post, it’s essential to put up a disclaimer of sorts — First Arkansas News is in no way, shape or form a comprehensive source for what’s going on in the state Legislature.
No, this site was beaten to the punch by some other Internet publications that live and breath Arkansas politics — BlueHogReport.com, TalkBusiness.net, TheCityWire.com, TolbertReport.com all did their part to keep Arkansas’ citizens informed of what their legislators were up to (and kept things buzzing on Twitter for all who followed the “#ARLeg” hash …