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[21 Mar 2011 | One Comment | 1,166 views]
Week in Review (March 15-20)

After recovering from having daylight savings time cruelly sprung on us once again, we at First Arkansas News got busy with a big ole batch of stories.
Yes, we had everything from some politics to real estate to St. Patrick’s Day and the start of spring over the past week. Fun, fun.
Before recapping all of that, it’s time to invite our readers to keep up with what’s going on around here in a few very convenient ways. Feel free to subscribe to our RSS feed, like the heck out of us …

Business, News, Politics, Real Estate »

[18 Mar 2011 | 3 Comments | 2,828 views]
BPO legislation passes Legislature

Arkansas appraisers hate it, Realtors have lobbied hard for it and now it’s cleared the state Legislature.
What are we talking about? SB720 — a bill that authorizes real estate agents to give broker price opinions (BPO) in those circumstances when a full appraisal is deemed unnecessary.
We’ve pretty well beaten this issue to death and you can see arguments from both sides of this particular issue here. Here’s the summary on this one — Realtors say the legislation merely codifies what they’ve done for years and brings agents under the regulation …

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 …