Question: In a recent column you said that under the AAR Purchase Contract the seller and the buyer release their real estate agents from any liability in the transaction.  We sold our Chandler home in July. Neither my husband nor I remember seeing this release language in our AAR Purchase Contract. When we reviewed lines…

Read More
Real estate purchase contract

Question: We have a small commercial brokerage firm in Phoenix. Common brokerage practice in most commercial brokerage firms is not to state a legal description in the purchase contract. Instead, the address and the parcel number are specified, and an exhibit to the purchase contract says “legal description to be inserted by title company.” The…

Read More
Real Estate License

Question: We live in a neighborhood of high-end homes in south Chandler. One of our neighbors has done short-term rentals of her own home for the past two years. She has recently started doing short-term rentals for two other high-end homes in our neighborhood. She is collecting money, paying for repairs, and advertising the homes…

Read More