Curable real estate prices rise by 50%, Lead Phoenix area with the greatest increase
“A little more than 1.2 million US dollars”: Real estate agent Preston Westmoreland speaks into care about the costs of a house, where prices have increased by more than 50%.
Ask: We recently listed our Mesa house for 1.2 million US dollars with a prominent Mesa broker company. Within three days we accepted an offer for 1.1 million US dollars. When we signed the purchase contract submitted by our listing broker in our house, we also received a seven-sided explanation of the disclosure of real estate, which we should complete. This document is very confusing. When we started asking questions about the form, our Listing broker said that the guideline of his brokerage company was that he could only answer questions about the form himself and not discuss the answers to certain questions, since only we knew these answers. Although he was very excused, we are mystified because we pay his brokerage company a great commission, which apparently does not include any support for answers to these confusing questions.
Our listing broker said we should probably talk to a lawyer about our questions, and in the past his brokerage company paid these costs. We sold two houses in Ohio and our Ohio broker was very helpful in executing disclosure forms – and nobody was sued! Why does Arizona practice brokerage differently?
Answer: In Arizona there are probably more complaints about disclosure results than purchase contract problems. For example, a seller of a house in which a kitchen was redesigned saw the license numbers of the plumber company on the door panes of the plumber trucks, so that the seller answered the question with “yes”: “Is the contractor licensed?” In fact, the renovation of the kitchen was incorrect, and the plumber had previously lost his contractor's license. Although the answer was appropriate for an unmistaked seller, the Listing Agent should have signed the license status at the registrar of the contractor.
Conclusion: Since 1962, when the voters in Arizona voted 4: 1 to say goodbye to say a constitutional change, with which brokers were able to practice lawyer when selling a house, brokers had the same supply standard as a lawyer who represents a seller or buyer in selling a home, including the support of the seller with the answer to questions in the disclosure. However, there were neither the efforts of voters nor the legislator to increase the qualifications of real estate agents and brokers, e.g. B. a prerequisite for you to be College graduates.