Arizona Department of Real Estate Bulletin Volume 2015 • Issue 2 WHAT’S REQUIRED OF TEAMS…??? Judy Lowe Commissioner COMMISSIONER’S CORNER Being invited to lead a “Break-Out Session” at the Arizona Association of REALTORS® (AAR) . Winter Conference in Prescott in March was an honor and great experience. The packed room of Realtors was very inter-active as we discussed Teams and the requirements of the Arizona Statutes, Rules and Policies enforced by the Arizona Department of Real Estate. After viewing a You Tube video produced by the National Association of Realtors ® (NAR) relating to Teams, we followed the Power Point presentation with a lively discussion. Some of the points covered included: “Teams” within the Arizona real estate industry are not officially recognized entities in either Arizona Statute or Rule. The existing Arizona statutes and rules that govern all real estate licensees do impact Teams, and how they are formed and function, through the application of existing license law or rules/policies. An Employing Broker’s Designated Broker (DB) is responsible for the acts of all Associate Brokers, Salespersons, and other employees acting within the scope of their employment. An Arizona real estate Team is made up of Arizona actively licensed real estate licensees. All members of a Team must work for the same DB. Unlicensed assistants may work with Teams, however, must be supervised by the Employing Broker (DB). The same rules apply to advertising Teams as apply to individual licensees. ALL advertising must clearly and prominently display the name of the Employing Broker (Brokerage name) as licensed with ADRE. Licensees must never create the misrepresentation that the Team is an independent entity or separate from the Employing Broker. A.A.C R4-28-502; A.R.S.§ 32-2153 (A) (4), (8). The Employing Brokers Name must be: Clearly legible on the top or bottom of a flyer; Visible on the website front page, and each subsequent page without necessity of scrolling down, regardless of screen size; Stated on Social Media, unless not practical, then the ad information must be linked to the Employing Broker’s name, which is displayed clearly and prominently. The Employing Broker shall not display any name at designated places of business (branch offices) named in the Broker’s license other than the name under which the Broker is licensed. An additional license is required for each branch office; branch office signs must conform to the provisions for the principal office and shall include the designation “branch office” A.R.S. § 32-2127(B). Compensation definition = Any fee, salary, commission, money or other valuable consideration for services rendered or to be rendered, including the promise of consideration whether contingent or not. A.R.S. § 32-2101. Each Team member must receive their compensation directly from the Employing Broker. The Broker cannot pay the team leader and have the team leader distribute the payments to the rest of the Team. A.R.S. § 32-2155(A); A.R.S. § 322153(A)(7). Let’s remember that each member of the Team must sign all documents with their own name, and UNLICENSED ASSISTANTS ARE VERY RESTRICTED IN WHAT THEY CAN DO. Also, the ADRE does not monitor the status/classification of Unlicensed Assistants as Independent Contractor or Employee…..the IRS and Labor Commission do. THANKS to the ADRE “Realtor ® Partners” who contributed their questions and input to the successful session. COMMISSIONER JUDY LOWE ARIZONA MEXICO COMMISSION (AMC) – REAL ESTATE COMMITTEE– NEWS What is the AMC Real Estate Committee and what are they up to? The Arizona Mexico Commission (AMC) is a State of Arizona Commission, Chaired by the Governor. AMC’s mission is to, “improve the economic prosperity and quality of life for all Arizonans through strong, public/ private collaborations in advocacy, trade, networking and information,”. The AMC Real Estate Committee originally began as a Task Force in 2001. At that time Committee members, representing a diverse cross-section of experts including attorneys, real estate professionals, developers and government officials, were all appointed by Governor Hull. In 2004, the AMC Board of Directors approved what is now the AMC Real Estate Committee. The current Committee, who’s two Co-Chairs (one from the private sector and one from the public sector) remain appointed by the Governor, now appoints its own membership. Members continue to represent a wide cross-section of industry experts, many of whom have direct experience dealing in real estate transactions in Arizona and Mexico. ADRE is proud to have Commissioner Lowe as the public sector Co-chair. Her private sector counter-part is Gary Brasher, Broker with Russ Lyon Sotheby’s International of Tubac. Through their efforts to build strong bi-lateral relationships and to provide information to professionals and the public, this dedicated group of committee members has accomplished many important tasks over the past 14 years. Some of the major accomplishments include the completion and distribution of consumer real estate guides, establishment of a process for Sonoran Developers to obtain an Arizona Development Public Report (which is required for a Sonoran Developer to market in Arizona), organizing and hosting Knowledge Exchange Symposiums with over 200 participants from Arizona and Sonora, and a video ‘Invest Now in Arizona & Sonora’ which is available at www.azre.gov and www.azmc.org . As the Committee moves forward in 2015 they remain committed to building relationships and providing critical information to both industry professionals and consumers. Commissioner Lowe thanks committee members for volunteering their time and energy to this vital Arizona program. Most recently, the Real Estate Committee has been proud to see one of its long-time members, David Farca, appointed by Governor Ducey as the President of the Board of Directors of the Arizona Mexico Commission. While David will be missed on the Real Estate committee, his leadership will be a tremendous asset to the work of the Arizona Mexico Commission. Congratulations to David! AMC Real Estate Committee Members Include: Commissioner Judy Lowe, Co-chair Gary Brasher, Co-chair Dave Arner Diane Barroll Mitch Creekmore Doug Groppenbacher Tim Kelley Randall Lindsey Ann Susko Paul Waterman Josh Meyer Inside This Issue “What’s required of Teams” AMC Real Estate Committee-News ADRE Holds Industry Meeting Commissioner’s Connections AAR’s Interview with the Commissioner ADRE Legislative Update What’s Happening at ADRE? Above and Beyond the Minimum CE ADRE Staff Training ADRE Development Services Participates in Governor Ducey’s Lean Transformation ADRE HOLDS INDUSTRY MEETING Education-Information Alert Education Update WITH AMLA AND AZDFI Transfer of Real Estate Contracts Single Family HomesProperty Management or Onsite Manager The ADRE had the privilege of meeting with the Arizona Broker Audit Honor Roll Mortgage Lenders Association (AMLA) and the Arizona Disciplinary Actions Department of Financial Institutions (AZDFI) on Thursday Surrender of License th April 6 to discuss industry topics and current issues. This Requirements to Maintain Definite Place of Business productive dialogue proved very informative with both agencies Failure to Maintain Definite Place of Business and the association asking many questions of each other, while Welcome to the ADRE Team continuing to build a strong industry partnership. Calendar of Events Cover Page 2 Page 2 Page 3-4 Page 5-6 Page 6 Page 7 Page 7 Page 8 Page 8 Page 9 Page 9 Page 10 Page 10 Page 11-12 Page 12-15 Page 16 Page 16 Page 17-18 Page 19 Page 19 COMMISSIONER’S CONNECTIONS Commissioner Lowe met with members of Brewer & Stratton Property Management on March 12, 2015. On February 4, 2015, Commissioner Lowe was pleased to be invited, and to attend the induction ceremony for new Board Members of the AMPI Guaymas-San Carlos Chapter (the Mexican Association of Real Estate Professionals). The Commissioner commented, “as Co-Chair of the Arizona Mexico Commission Real Estate Committee, I was excited to have this opportunity to share in the induction ceremony and continue to build on this important cross-border relationship.” Phoenix Association of Realtors (PAR) had a great turnout for Commissioner Lowe’s presentation. (L-R) Debbie Leadford, Education Director/PAR; Commissioner Judy Lowe; Diane Scherer, CEO/PAR Solutions Real Estate’s Leadership Class enjoyed their visit to ADRE and Heidi Zebro, Director of Business Development, Solutions Real Estate commented. “Thank you again for all that you did. We were blown away by the hard work the ADRE staff put in for us. My take away was how each of you call daunting tasks and projects "exciting" and "opportunities". I have adopted that simple word change, what a difference!“ -Heidi Zebro, Director of Business Development, Solutions Real Estate South East Valley Realtors came to ADRE on February 6, 2015 for the ADRE overview. PLANNING A COMPANY EVENT? To stay up-to-date with what’s happening in real estate, and to hear “What’s Making the Phone Ring at ADRE?,” invite Commissioner Lowe to speak to your group. For scheduling a potential date, contact Sarah Dobbins, the ADRE Chief of Staff at sdobbins@azre.gov Real Estate Bulle n Page 3 Volume 2015 • Issue 2 COMMISSIONER’S CONNECTIONS Continued Commissioner Lowe and Louis Dettorre, Assistant Commissioner Operations/Legislative Affairs presented to a group of over 120 licensees at the Tucson Association of REALTORS ® on May 4, 2015. Mr. Dettorre provided a legislative session update while Commissioner Lowe facilitated round table discussions on common investigations cases that are submitted to the Department. Commissioner Lowe was honored to present the award for the Broker of the Year to Martha Appel at the Arizona Journal of Real Estate & Business First Annual Industry Awards on May 5, 2015. ADVERTISING ON THE WEB… A.R.S. §32-2163(D) states, “The offering of real estate brokerage services specified by section 32-2101, paragraph 48 for compensation or any other thing of value pertaining to real property located in this state through an internet web site constitutes activity that requires a broker's license issued by the department.” A.R.S. §32-2163(E) states, “This section does not allow an out-of-state broker who is not licensed in this state to list, market or advertise in this state real property located in this state for sale, lease or exchange.” Real Estate Bulle n Page 4 Volume 2015 • Issue 2 INTERVIEW WITH ADRE COMMISSIONER JUDY LOWE by Arizona REALTORS on April 6, 2015 by Arizona REALTORS on April 15, Arizona Association of REALTORS® (AAR) President, Jim Sexton, and Arizona Department of Real Estate (ADRE) Commissioner, Judy Lowe, recently sat down at the AAR offices in Phoenix to discuss topics and issues that frequently cause disputes and violations for REALTORS® and consumers. This meeting was the first of several planned to discuss issues and problems being faced by REALTORS® and consumers alike. AAR President Sexton recently spent time with ADRE Commissioner Lowe diving into what causes the ADRE phones to ring, the most common advertising complaints, what’s putting REALTORS® and consumers at risk and many more topics. This is the second in a series of articles on what they discussed. See part one here. Over the next several weeks, we will share information on their topics of discussion. See part two here. HOAs, Landlord-Tenant and Property Management Issues The ADRE frequently receives complaints and calls regarding HOAs, however, these issues don’t fall under the ADRE’s jurisdiction. In 2011, the Arizona Legislature passed legislation providing Arizona homeowners and condominium and planned community associations (HOA’s) a venue for resolving disputes. Therefore, the ADRE forwards all HOA problems to the Department of Fire, Building and Life Safety or the Attorney General’s Office depending on the context of the issue. Landlord and tenant issues also aren’t under the ADRE’s jurisdiction, so those issues are forwarded accordingly. For more information, see the Arizona Residential Landlord and Tenant Act or the Tenant Rights and Responsibilities Handbook. Property Management has been a focus of both the ADRE and AAR for several years. Property Management Trust accounting has improved as AAR has started the PM boot camp, as well, AAR is working on a Property Management certification program to further these improvement efforts. In regards to property management, and specifically continuing education (C/E) courses that pertain to property management, AAR provides many educational opportunities for property managers. For information on an upcoming Property Management Class on April 10th visit the AAR calendar, as well, the Trust Account Reconciliation process information can be found on the ADRE’s website. The Commissioner shared that she encourages property managers to become REALTOR® members in order to gain access to quality property management specific courses. AAR + ADRE Of the 78,000 licensees in Arizona, 57,000 are active, and of those, 43,000 are REALTORS®! However, over the last year we’ve seen a trend of more licensees choosing to leave the industry. Arizona is currently losing more real estate agents each month than we are gaining – with approximately 500 leaving per month and 400 joining. Commissioner Lowe States That All Real Estate Licensees and Brokerage Firms Must Advertise Only in Their Full Legal Name An issue that comes up often is the ADRE position that real estate agents and brokerage forms must advertise only in their full legal name, ADRE approved nickname, or DBA (“Doing Business As”). Commissioner’s Rule R4-28-301(D) states: “The Department shall issue to a qualified person a license bearing the legal name of the licensee and any additional nickname, corporate, or dba name that the Commissioner finds is not detrimental to the public interest. A professional corporation or professional limited liability company licensed under A.R.S. § 32-2125(B) shall not adopt a DBA name.” The Commissioner states that if you would like to do business and advertise under a name other than your full legal name, you must contact the ADRE and obtain approval for a nickname or DBA. This applies to both brokerage companies and individual licensees . Even dropping an “Inc.” or “LLC” in advertising is considered a DBA name by the department. Examples of nicknames that are considered acceptable would be Jim for James, Judy for Judith, Dale for C. Dale, and Tom for Thomas. Name approval is overseen by ADRE staff members. If the requested name change isn’t standard, then higher level approval from the Commissioner is required. For information on applying for a nickname or DBA, go to the online Licensee Personal Information form. One misconception that President Sexton and Commissioner Lowe discussed was the idea that the ADRE actively seeks out advertising violations, which is not the case. More often than not, violations and concerns are brought to the department by real estate licensees. For more information on real estate advertising guidelines, see Real Estate Advertising Rules & Guidance and the ADRE Substantive Policy Statement (SPS) on Advertising. This article originally appeared in the Arizona REALTOR® Voice at www.blog.aaronline.com in March-April 2015. This article originally appeared in the Arizona REALTOR® Voice at www.blog.aaronline.com in March-April 2015. Real Estate Bulle n Page 5 Volume 2015 • Issue 2 INTERVIEW WITH ADRE COMMISSIONER JUDY LOWE by Arizona REALTORS on April 24, 2015 Teams, Transaction Coordinators, and Assistants The ADRE is focused on teams, transaction coordinators, and unlicensed assistants. If you are a part of a team or utilize the services of a transaction coordinator or assistant, make sure that you comply with the ADRE rules. When it comes to team names, there are no regulations as far as the ADRE is concerned. In other words, real estate teams are not officially recognized entities in either Arizona statute or rule. Consequently, naming conventions and rules pertaining to teams are left to the broker. The ADRE is nonetheless clear that team names must not create the impression that the team is an independent entity or separate from the employing broker. The use of the words “Group” or “Associates” should be avoided because it creates the impression of a brokerage rather than a team. Furthermore, in choosing a team name, the Commissioner’s Rules dictate that the team name cannot be deceptive as salespersons and brokers are prohibited from creating misleading impressions. The same advertising rules apply to teams and individual licensees, meaning that all team advertising must clearly and prominently display the employing broker’s name. For more information on real estate advertising guidelines review the Real Estate Advertising Rules & Guidance. In addition, the ADRE Substantive Policy Statement (SPS) on Advertising can be found on the ADRE website here. The ADRE has received multiple inquiries and questions in regards to using non-local transaction coordinators. Transaction coordinators can only work for one brokerage as they need to be a licensee and a licensee can only hang their license with one broker. Can the coordinator live out of state? Yes, but they must be licensed in Arizona. It is possible to share a transaction coordinator, but all licensees must be members of the same brokerage firm. The ADRE is also seeing numerous incidents of unlicensed assistants completing tasks that require a real estate license. Review the SPS on unlicensed assistants on the ADRE website here for what an unlicensed assistant can do. To help with these questions, AAR will be working on additional materials and resources to educate members on the dos and don’ts of utilizing assistants. This concludes the articles arising from the first meeting between President Sexton and Commissioner Lowe, but each have the intentions of making these conversations a regular event. This would lead to both parties being able to discuss current and future needs and issues. Stay tuned for more updates and information and many thanks to Commissioner Lowe for her time and help in educating our members. This article originally appeared in the Arizona REALTOR® Voice at www.blog.aaronline.com in March-April 2015. ADRE LEGISLATIVE UPDATE The 52nd Legislature, 1st Regular Session adjourned sine die (Latin meaning "without assigning a day for a further meeting or hearing") at 3:37 AM on Friday April 3rd. Over 1,200 new pieces of legislation were introduced during the course of the 81 day session that began on January 12, 2015. Governor Douglas A. Ducey signed 324 pieces of legislation that passed the House and Senate. The Department remained proactive throughout session contributing input to the Governor’s staff, Legislators and the Capitol community on bills that could impact agency operations and the industry as a whole. ADRE would like to thank the associations and public stakeholders that provided valuable feedback during this important time of year. We appreciate your efforts to include the Department on issues that are significant to the industry and public. Your efforts are valued and appreciated. The State’s FY 2016 budget was signed on March 12th which included an appropriation for the Department of Real Estate of $2.98 Million for the coming fiscal year, beginning July 1, 2015. The agency continues to move forward in streamlining its processes and procedures to maximize its budget and achieve even greater efficiencies. The ADRE has done this by utilizing technology and cross training personnel to ensure coverage in areas that need it the most. A Legislative Overview for 2015 is available on the ADRE website at www.azre.gov . Please visit the State Legislature’s website at www.azleg.gov to search all bills that went through the legislative process. The general effective date for all legislation enacted during the 2015 Legislative Session is July 3, 2015 unless otherwise stated. Thank you for your support of ADRE and for all that you do to contribute to the economic health of the state of Arizona. Please reach out to the Department through the Message Center should you have any questions and we will be sure to provide a timely response. -Louis Dettorre, Assistant Commissioner Operations/Legislative Liaison Real Estate Bulle n Page 6 Volume 2015 • Issue 2 WHAT’S HAPPENING AT ADRE? DEVELOPMENT SERVICES AND THE DEVELOPMENT INDUSTRY The first Learn and Lunch with ADRE’s Development Services Division and the Development Industry was a success. There was positive dialogue between the participants (approximately 35 industry representatives) on an array of development application matters. Due to the overwhelming interest, ADRE will continue the events on a quarterly basis. A special thanks to the Pulte Group for sponsoring the delicious meal! Below are guidance clarifications1 for some of the topics that were discussed at the March 19, 2015 meeting: Subsequent Owner Exemptions are only valid when granted by ADRE’s Commissioner upon determining eligibility after submission and ADRE’s review of a complete application. A.R.S. 32-2181(B), 32-2181.02 (B)(2), and A.A.C. R4-28-B1207(A). Lot Reservations are only valid when granted by ADRE’s Commissioner upon determining eligibility after submission and ADRE’s review of a complete written notice from the subdivider/developer of intent to accept lot reservations. A.R.S. 32-2181.03. Material change information that requires a Public Report Amendment Application to be filed with ADRE is further described in the Statutes and Rules for subdivisions, timeshare, cemetery, membership camping and unsubdivided lands under A.R.S. Title 32, Chapter 20 Articles 4, 6, 7, 9 and 10 and A.A.C. Title 4, Chapter 28, R4-28-101 (definition), R4-28-B1203, R4-28-B1204 and will not be listed by common type anywhere as suggested. A developer should seek legal advice if they feel a change does not require an amendment application. 1 Guidance clarifications are not regulations or substantive policy statements of ADRE. The clarifications are to assist the public in its interactions with ADRE. ABOVE AND BEYOND THE MINIMUM CONTINUING EDUCATION Hats off to those real estate licensees who often take more than the required number of continuing education (CE) classes to enhance their professional development! ADRE’s online CE banking system will accommodate the upload of any extra hours as long as the licensee enters all CE classes before they complete the online renewal process. If for any reason a licensee is not able to enter extra CE hours into the applicable CE period, ADRE staff will gladly enter the extra hours upon receipt of a written request along with copies of the CE certificate(s). Remember ADRE’s public database displays all the completed CE courses for each licensee for the prior and current CE periods Carla Randolph, Assistant Commissioner- Licensing , Education and Development Services Real Estate Bulle n Page 7 Volume 2015 • Issue 2 ADRE STAFF TRAINING As part of ADRE’s goal to promote a committed, skilled and accountable ADRE Team, ADRE provides staff training to all employees on a monthly basis. Training topics have included time management, public records, handling violence in the workplace and most recently ADRE staff has received information from two associations working with the Real Estate industry – Arizona Association of REALTORS® (AAR) and Arizona Real Estate Educators Association (AZREEA) . Arizona Department of Public Safety (DPS) visits with the ADRE staff. Pat Sheehan shares an overview of the Arizona Real Estate Educators Association (AZREEA) with the ADRE staff. ADRE DEVELOPMENT SERVICES PARTICIPATES IN GOVERNOR DUCEY’S LEAN TRANSFORMATION Expedited Public Report Applications can be processed at the “Speed of Business” ADRE is pleased to announce that the Arizona Government Transformation Office selected its Expedited Public Report Application process in its first Permit Blitz project as part Governor’s Ducey’s goals for state agencies to operate at the “speed of business “ by reduce processing time by 50% . The ADRE Development Services Team participated in a seven week training program to study the processes, and along with a seasoned coach looked at opportunities to cut wasted time in the current application process As a result, ADRE is now capable of processing the applications in 5 days instead of 10 days! ADRE appreciates the participation and feedback during the Permit Blitz from three industry representatives, Denise Joyce of First American Title Insurance Company, Bonnie Matheson of DMB Associates and Joe Gutierrez, Jr. of Fidelity National Title Agency. Those parties filing the Expedited Public Report Application can help in the process by referencing the application type on the “addressed to” section of the envelope (label) to ADRE as follows: Addressed to sample: Arizona Department of Real Estate Development Services Division RE: EXPEDITED APPLICATION 2910 N. 44th Street, Suite 100 Phoenix, Arizona 85018 Thank you for all you do for the development industry in Arizona! Real Estate Bulle n Page 8 ADRE staff members (L-R); Christina Bruce, Sarah Dobbins, Rose Fraze, and Carla Randolph meet with Pam Nicola, Coach, (center), on March 27, 2015 Volume 2015 • Issue 2 EDUCATION-INFORMATIONAL ALERT A new Substantive Policy Statement (SPS) was issued to School Administrators/Owners effective March 20, 2015, titled: Instructor Professional Development Requirements. Click here to view the new SPS. This SPS will inform the regulated real estate education industry of ADRE’s interpretation and implementation of the education statutes and rules under the ADRE’s original jurisdiction, through the establishment of real estate instructor professional development requirements that were previously implemented. The Real Estate Instructor Approval/Renewal/Change Application (ED-101) was slightly modified (click here to view the updated application) to include the following changes:       Alternative for instructors that are real estate licensees to use the continuing education (CE) from prior CE periods towards their instructor continuing education requirement More flexibility around the Contract Writing (Boot Camp) continuing instructor education requirements Discontinuance of the Content Instructor Development Workshop Program Primary and Secondary Sponsor School Instructions Application reduced from 11 to 7 pages in length! As an accredited real estate school, please begin using the new application to submit to ADRE on behalf of instructor applicants requesting approval, renewal, or an update for a real estate course instructor/applicant. A fillable instructor application is coming soon! Thank you for all you do for the Arizona real estate industry and the public that it serves. -Commissioner, Judy Lowe EDUCATION UPDATE EDUCATION FACTS! Average Passing Percentages for "First Time Exam Takers" EXAM TYPE Jan‐2015 Feb‐2015 Mar‐2015 REAL ESTATE BROKER 79% 53% 47% REAL ESTATE SALESPERSON 61% 61% 61% CEMETERY BROKER N/A N/A 0% CEMETERY SALESPERSON 82% 64% 100% MEMBERSHIP CAMPING BROKER N/A N/A N/A MEMBERSHIP CAMPING SALESPERSON 100% N/A N/A Total Number of Licensees (Individual and En ty) as of April 30, 2015 78,252 Ac ve Con nuing Educa on (CE) Courses as of April 30, 2015 Live CE (Approximately) 2243 Distance Learning CE (Approximately) 285 ADRE Licensee Online CE Course Submissions January 27, 2015 through April 29, 2015 Total courses entered 55446 Distance Learning 29545 Percentages Distance Learning 53 Real Estate Bulle n Page 9 Apr‐2015 80% 62% N/A 50% N/A 100% Volume 2015 • Issue 2 TRANSFER OF REAL ESTATE CONTRACTS SINGLE FAMILY HOMES: PROPERTY MANAGEMENT OR ONSITE MANAGER Question: May a licensed salesperson transfer a real estate Question: Is a natural person doing property management for a single family home or homes, required to have an employment agreement and/or contract to their new Arizona Real Estate license? employing Broker? Answer: Conducting property management services, requires an Arizona Real Estate License, unless exempted by ARS § 32-2121(A)(6). Answer: No, a licensed salesperson does not have the authority to make such transfers. All employment agreements and contracts belong to the employing broker. The applicable statutes include: A.R.S. § 32-2151.01(H) states the broker shall retain all real estate purchase agreements and employment agreements, or copies of these documents, in the employing broker’s principal office, licensed branch office or off-site storage location if the Department has been provided written notice of the off-site storage location. A.R.S. § 32-2151.02(B) states an employing broker shall not assign a real estate employment agreement to another broker without the express written consent of all parties to the agreement at the time of the assignment. The Department frequently receives questions regarding the management of single family homes from individuals who believe they are acting as an onsite manager because they physically go to only one single family residence per day and; therefore, argue the activity is exempt and they may conduct this activity without a license. The Department’s Licensing statutes include a list of exemptions from licensure. The statute, A.R.S. § 32-2121(A)(6), provides an exemption related to unlicensed persons involved in MultiFamily Housing: A.R.S. § 32-2153(A)(11) indicates a licensee may not induce any party to a contract to break the contract for the purpose of substituting a new contract with the same or a different principal, if the substitution is motivated by the personal gain of the licensee. “Natural persons who are acting as residential leasing agents or on-site managers of residential rental property, who are performing residential leasing activities on residential income property at no more than one location during the period of the agents’ or on-site managers’ regular workday, who do not receive special compensation (i.e., commissions and fees) … and who are employed by the owner or the owner’s licensed management agent to perform the duties customarily associated with that employment. …” Prior to the transfer of employment agreements, such as listing agreements or buyer-broker agreements, the employing broker The above referenced exemption applies only to Multi-Family (brokerage) through the Designated Broker must obtain the written consent of the buyer or seller. Without such consent, the Housing, not single family residences. All property management related to single family homes is a licensed activity. Licensed employment agreement may not be transferred. activity may only: Prior to the transfer of a purchase contract, property management  Be conducted on behalf of the employing broker agreement, etc., the employing broker (brokerage) through the  Involve only real estate activities authorized by the Broker; Designated Broker must obtain the written consent of all and, involved parties. Without such consent, the contracts may not be  Property Management services may only be performed for transferred. property owners who have entered into a property management agreement with the employing broker. An Associate Broker may sign transfers on behalf of the employing broker, if a delegation of authority has been issued for such activity by the Designated Broker. A salesperson may not perform broker duties and; therefore, may not sign transfers on behalf of the employing broker. ADRE forms associated with this sections: Click here for the Delegation of Authority Application Instructions Click here for the Delegation of Authority Form– LI-204 Real Estate Bulle n Page 10 Volume 2015 • Issue 2 Brokers in Substantive Compliance AUDIT HONOR ROLL- January through March 2015 ABBREVIATIONS USED IN SUBSTANTIVE COMPLIANCE EBAR -= Electronic Broker Audit Review Lic. No. Broker Name Employing Broker Type BR004868000 Abrams, Timothy M. Key Group, Ltd. Onsite BR018130000 Adams, Cynthia Kay Desert 2 Mountain Realty Onsite BR529996000 Aimone, Joseph D. Gorenter Onsite BR117173000 Almaguer, Mary F. Apache Gold Realty Onsite BR002981000 Applewhite, Robert A. Applewhite Property Services, LLC Onsite BR541719000 Archer, Scott T. Barclay Real Estate Services, LLC Onsite BR012661000 Arevalo, Luis FSL Management Onsite BR102660000 Aronoff, Robin "Rob" D. Scotia Group Management, LLC Onsite BR008218000 Asa, Maryann A.S.A. Realty Onsite BR526314000 Asay, Judi Dynamic Asset Management, LLC Onsite BR504393000 Barnett, Ralph ("Kirk") BL REALTY GROUP, LLC Onsite BR004493000 Bawden, Lamont W. Taylor Land Two Company Onsite BR505627000 Belsanti, Leslie Lyn Da Vinci Realty, LLC Onsite BR038580000 Bennett, Christopher R. Bennett Properties, LLC Onsite BR561220000 Biederman V, George W. RAB Realty Onsite BR517936000 Bishop, Sean M. Middlefork Commercial, LLC Onsite BR006707000 Blegen, Joseph N. Camidor Property Services Onsite BR535791000 Borchard, Lisa K. Real Property Management - West Valley Onsite BR508258000 Brown, Dana L. AZ Cornerstone Realty, LLC Onsite BR552375000 Chambers, Ronald "Ron" L. Client Advocate Realty Onsite BR008293000 Courtney, Randal "Randy" L. Courtney Valleywide Properties Onsite BR102698000 Cunningham, Christine M. Jones Lange Lasalle Americas, Inc. Onsite BR042091000 Dietz, William "Will" E. III RE/MAX Excalibur Onsite BR556471000 Erb, Allen M. Erb Realty & Property Management, LLC EBAR BR515528000 George, Angelique D. Grindstone Property Management, LLC Onsite Real Estate Bulle n Page 11 Volume 2015 • Issue 2 Brokers in Substantive Compliance AUDIT HONOR ROLL continued ABBREVIATIONS USED IN SUBSTANTIVE COMPLIANCE EBAR -= Electronic Broker Audit Review Lic. No. Broker Name Employing Broker Type BR635642000 Good, Daniel "Dan" J. Buena Vista Realty EBAR BR564160000 Hathcock, Russell A. East Valley Property Management, LLC Onsite BR004548000 Hays-Sherman, Ginny M. SB-Ginny Hays Realty Onsite BR012863000 Lee, David R. David Lee Real Estate Company, LLC Onsite BR003783000 MacIntyre, David W. Arizona Best Real Estate Onsite BR008896000 Petersen, Kevin D. Petersen Properties & Management Onsite BR535944000 Reidhead, Jarrett W. Tucson Integrity Realty, LLC Onsite BR005892000 Schust, Richard D. First United Realty, Inc. Onsite DISCIPLINARY ACTIONS ABBREVIATIONS USED IN DISCIPLINARY ACTIONS CP = Civil Penalty CE = Continuing Ed PL = Provisional License J&S = Joint & Severally PM = Practice Monitor BA = Broker Acknowledgement Name Brokerage at time of violation Location Summary Order Arizona Prime Estates, LLC; LC576357000 Arizona Prime Estates, LLC; Dale Gorny, DB Apache Junction, Arizona Trust account violations; trust account shortage; providing false information, conversion and commingling, Previous Cease & Desist Order Arnold, Alyssa SA647908000 United Broker's Group Chandler, Arizona Failed to timely disclose a November ASA $400 CP 2014 misdemeanor DUI conviction Bennett, Starr Ann SA510754000 Statewide Realty, LLC Peoria, Arizona August 2014 Judgment of Guilt; production and possession of marijuana, failed to report w/in 10 days Real Estate Bulle n Page 12 License Revoked, $4,000 CP CFO License Reinstatement: 2yr PL/PM, Volume 2015 • Issue 2 DISCIPLINARY ACTIONS CONTINUED Name Brokerage at time of violation Location Summary Order Blush, Nyema SA654705000 (Candidate) Litchfield Park, Arizona Failed to timely disclose a February 2008 misdemeanor DUI conviction ASA $400 CP Brennan, Vincent SA655694000 (Candidate) Chandler, Arizona September 2007 Consent Agreement and Order of Discipline from another licensing agency. 2 yr. PL/PM Butler, Ronald BR5424200000 Quality Tucson Properties Tucson, Arizona Failure to maintain property management records, failed to maintain Owner & Tenant funds in a trust account, commingled Owner/ Tenant funds w/broker's operating funds, failure to provide Department with requested records. $1,000 CP, Revocation of license Buttler, Carl SA014989000 West USA Realty Peoria, Arizona Failed to timely disclose an October 2013 “Failure to Comply with a Court Order” misdemeanor conviction ASA $750 CP Champie, Codie SA656270000 (Candidate) Chino Valley, February 2009, Misdemeanor Arizona conviction "Issuing a bad check" 2 yr. PL/PM ASA $500 CP Gausden, Brain SA523719000 Western Retail Advisors, LLC Scottsdale, Arizona Unlicensed real estate activity Gorny, Dale M BR030036000 Arizona Prime Estates, LLC Dale Gorny, DB Apache Junction, Arizona Trust account violations; trust account License Revoked, shortage; providing false information, $4,000 CP, conversion and commingling, Previous Cease & Desist Order Guardian Management Arizona, LLC LC630682000 Guardian Property Services Portland, Oregon Unlicensed real estate activity $3,000 CP Hunton, Mark BR536237000 Guardian Management Arizona, LLC Phoenix, Arizona Unauthorized compensation Surrender of License Keon, Patrick SA63062500 US Preferred Realty, Inc. Mesa, Arizona Failed to timely disclose an April 2014 ASA $750 CP misdemeanor DUI conviction Real Estate Bulle n Page 13 Volume 2015 • Issue 2 DISCIPLINARY ACTIONS CONTINUED Name Brokerage at time of violation Location Summary Order Klie-Buckee, Shelly SA104905000 Dave Froehlich Realty Scottsdale, Arizona Failed to timely disclose a September 2014 misdemeanor DUI conviction ASA $400 CP Mackenna, Mark SA552662000 Power Realty Group, LLC Mesa, Arizona Represented an entity other than the employing broker, accepted compensation as a licensee from other than the employing broker $2,000 CP, 2 yr. PL/PM Greer, Arizona April 2009 Misprision of a Felony License Granted 2 yr. PL/PM Meka, Paul SA012708000 (Candidate) Mendelson, Alex P SA625027000 AZ Paradise Realty Scottsdale, Arizona Received compensation for real estate services not paid through employing broker. $3,000 CP, 2 yr. PL/PM, 12 hrs. CE in Commissioner Standards Quality Tucson Properties, (Ronald Butler) SE542400000 Self Employed dba: Quality Tucson Properties Tucson, Arizona Failure to maintain property management records, failed to maintain Owner & Tenant funds in a trust account, commingled Owner/ Tenant funds w/broker's operating funds, failure to provide Department with requested records. Revocation of license. Renowden, Christopher SA627950000 Treehouse Realty, LLC Queen Creek, Arizona Unlicensed real estate activity ASA $500 CP Desert Hills, Arizona March 2010 conviction, attempt to 2 yr. PL/PM, commit forgery, fraud and conspiracy; $5,000 Surety September 2008 conviction for Bond assault-intent/reckless/injure Scottsdale, Arizona October 2014 felony conviction for attempted sale/transportation of marijuana, 12months incarceration. Sabatina, Rich SA531325000 (Candidate) Scheiner, Mark SA634201000 Real Estate Bulle n Homesmart, LLC Page 14 Summary of Suspension of license Volume 2015 • Issue 2 DISCIPLINARY ACTIONS CONTINUED Name Brokerage at time of violation Location Summary Order Shaw, Lorraine C SA631520000 Tierra Antigua Realty, LLC Tucson, Arizona Starr, Jerome Martin BR555468000 Desert Investment Advisors, LLC Scottsdale, Trust account violations; trust account Arizona shortage, failed to provide required documents, failed to maintain records of all transactions, allowed unlicensed activity by third party, journals and client ledgers not in balance, PMTA's not reconciled monthly & commingled & converted. Stevens, Brad BR027795000 The Louis Group, LLC Phoenix, Arizona Unlicensed entity $2,000 CP, 12 hrs. CE in Commissioner's Standards Streich-Franklin, Susan D BR012317000 QMC, Inc (QMC Rental Service) Bullhead City, Arizona Trust account violations; PMA verbiage not clear; PMTA's not in balance resulting in shortage; failed to supervise activities of salespersons & others under broker's employ. $2,000 CP, 2 yr. PL, 12 hrs. CE in Commissioner's Standards, $30,000 Surety Bond Swallows, Carolyn SA037448000 Swallows and Associates Realty, Inc. Glendale, Arizona Unlicensed real estate activity ASA $500 CP Tietge, Mark R BR110897000 Real Estate & More Property Services, LLC Glendale, Arizona Trust account violations; ledgers not in balance, failure to maintain PMTA bank reconciliations, trust account shortage, false information. $4,000 CP, 2 yr. PL, 12 hrs. CE in Commissioners Standards, $30,000 Surety Bond Torrecillas, Adrain SA644036000 Keller Williams Arizona Realty Scottsdale, Failed to timely disclose a July 2013 Arizona Trespassing conviction ASA $750 CP Waldbillig, Tiffannii SA575739000 AZ Real Estate and Property Management, LLC Scottsdale, Failed to timely disclose a September Arizona 2013 misdemeanor DUI conviction ASA $750 CP Real Estate Bulle n Failed to timely disclose w/in 10 days change of residence address, failed to maintain a complete record of a transaction. Page 15 $200 CP Cease and Desist Order Property Management Activities. Volume 2015 • Issue 2 LICENSE SURRENDER ARS §32-2137(A) - Surrender License If the Department has commenced a disciplinary proceeding against a licensee, the licensee may request in writing for approval to voluntarily surrender their license to the Department, only, if the surrender of the license occurs not less than 10 days prior to a hearing. After acceptance of the voluntary surrender, “the Department shall not thereafter issue a license under this chapter to the licensee.” Choosing to surrender a license would forego a licensee’s ability to ever apply for a license through the Arizona Department of Real Estate in the future. LAST NAME FIRST NAME Hunton Mark LIC NUMBER BR536237000 E & C FILE SURRENDER DATE 15F-DI-096 1/28/15 REQUIREMENTS TO MAINTAIN DEFINITE PLACE OF BUSINESS THE BROKER’S BUSINESS LOCATION The Arizona Revised Statute, A.R.S. § 32-2126, requires the employing broker to have a definite place of business, as well as office signage containing specific information. A.R.S. § 32-2126(A) states in part, “Each employing broker shall have and maintain a definite place of business.” In order to comply with this statute, the employing broker (entity) must have a specific physical location where a client may visit during normal business hours to ask questions, sign documents or pay rent and where the transaction and employment records are maintained. This is the employing broker’s business location on file with the Department. The following scenarios do not meet the statutory requirement for a “definite place of business.” The employing broker’s business location listed with the Department is:    A UPS or Mail Boxes, Etc. or other similar mail drop box location. An executive suite location in which the broker utilizes an office on an hourly basis or a conference room used by licensees to meet clients, as needed; however, the employing broker maintains no permanent presence at the location and has no leased, dedicated office space within the executive suite. A “virtual office” location. The Department licenses only “brick and mortar” office locations. A.R.S. § 32-2126(B) states, in part, “Each designated broker and, if applicable, each employing broker shall cause a sign to be affixed at the entrance to the broker’s place of business, in a place and position clearly visible to all entering the place of business, with the name of the broker, the name under which the broker is doing business if other than the broker’s given name, and sufficient wording to establish that the person is a real estate broker … .”   In addition to the above office signage requirements, pursuant to A.R.S. § 32-2127(B), signage for a Branch Office location shall include the words “Branch Office” and at the Broker’s discretion, may include the name of the Branch Manager. A Broker with a home office is not required to have signage in accordance with the Department’s Substantive Policy Statement No. 2005.15 IF the Broker  Maintains a home office in the broker’s PRIMARY RESIDENCE,  Handles FEWER THAN 3 transactions a year (0, 1 or 2), and  Has no real estate related employees licensed or unlicensed. All other Brokers with a home office must fully comply with the requirements of A.R.S. § 32-2126(B). Real Estate Bulle n Page 16 Volume 2015 • Issue 2 FAILURE TO MAINTAIN DEFINITE PLACE OF BUSINESS YELLOW HIGHLIGHTED NAMES IN THIS SECTION REPRESENT BROKERS WHO FAILED TO CONTACT THE DEPARTMENT AND/OR CORRECT THEIR OFFICE ADDRESS IN ORDER TO COME INTO COMPLIANCE BROKER'S NAME LIC. # ALMADA, ALFONSO R. BR554641000 ALMOSLINO, DAVID R. ENTITY NAME SWOBODA HOSPITALITY SPECIALISTS BR626289000 THE ALMO FINANCIAL GROUP, LLC OFFICE LOCATION CITY PLAZA EXECUTIVE SUITES PHOENIX UPS STORE PHOENIX BAYLESS, JAMES C. BR007106000 FIRST CLASS REALTY ISLANDS EXECUTIVE SUITES GILBERT BLAZEK, FRANK BR009227000 LIKE LUXURY PROPERTIES REGUS EXECUTIVE SUITES SCOTTSDALE BOSLIN, JAY C. BR113238000 BILTMORE REAL ESTATE COMPANY, LLC BR530548000 BROEKER REALTY REGUS OFFICE SUITES PHOENIX U.S. POST OFFICE CHANDLER CANDELARIA, ROBERTA K. BR561500000 PHOENIX URBAN SPACES, LLC REGUS OFFICE SUITES PHOENIX CASEY, DANN D. BR570982000 CASEY CAPITAL INVESTMENTS REGUS EXECUTIVE SUITES SCOTTSDALE CHERRY, ANN BR637093000 ANN CHERRY PLAZA EXECUTIVE SUITES MESA CUNNINGHAM, PATRICIA A. BR553142000 TAILORED MARKETING, INC. PLAZA EXECUTIVE SUITES PHOENIX DEARING, DONNA BR628403000 A.S.K. CONSULTING GROUP REGUS EXECUTIVE SUITES SCOTTSDALE DUNBAR, GLENNIS G. BR005827000 JWILLIAMS STAFFING, INC. BOX OFFICE THISTLE LANDING PHOENIX DZIEDZIC, HEATHER H. BR568811000 PORTRAIT REAL ESTATE PLAZA EXECUTIVE SUITES SCOTTSDALE ELLSWORTH, KEVIN M. BR521694000 NEW HOMES STORE ENDERLIN, RICHARD BR584716000 RICHARD ENDERLIN BROEKER, MICHAEL F. FISHER, STEVEN E. BR033653000 FISHER COMMERCIAL REAL ESTATE ALLIANCE BUSINESS CENTER SCOTTSDALE PLAZA EXECUTIVE SUITES PHOENIX REGUS OFFICE SUITES PHOENIX FRANCIS, CHRISTINE A. "CHRYS" BR038933000 ASHFORD MANAGEMENT SERVICES, SIMPLY SUITES VIRTUAL OF‐ PHOENIX INC. FICE THE PROPERTY SHOP REALTY & FRANKLIN, MICHAEL E. BR542168000 MY OFFICE BUSINESS SUITES PEORIA INVESTMENTS, LLC GAMBS, THERESA BR548050000 REAL ESTATE TEMPS ALLIANCE BUSINESS CENTER SCOTTSDALE GETZ, LUCAS W. BR549193000 SALCO PROPERTY MANAGEMENT REGUS OFFICE SUITES PEORIA GREEN, PAUL M. BR544637000 ALPHA REALTY REGUS OFFICE SUITES PHOENIX HUMPHREY, JERRY A. BR007018000 DOMAINE REAL ESTATE REGUS OFFICE SUITES PHOENIX JONES, KENNETH J. BR525361000 SELLERNET PLAZA EXECUTIVE SUITES PHOENIX KJOS, BRIAN K. BR104714000 REGUS EXECUTIVE SUITES SCOTTSDALE KOGUT, BARBARA C. BR571070000 SEQUOIA RESTAURANT & ENTERTAINMENT GROUP, LLC ARIZONA OASIS REALTY BOX OFFICE THISTLE LANDING PHOENIX KRAVETS, ALAN R. BR014135000 REGUS OFFICE SUITES PHOENIX LANEY, DAVID R. BR629946000 REGUS OFFICE SUITES TEMPE LINDGREN, JOEL A. BR528764000 MADDEN, ROBERT "ROB" B. II BR531198000 Real Estate Bulle n GENESIS ACQUISTION MANAGEMENT, INC. SPERRY VAN NESS/REALSTAR ADVISORS THE ARIZONA REAL ESTATE COMPANY.COM GREEN LEAF REALTY, LLC Page 17 ALLIANCE BUSINESS CENTER SCOTTSDALE ALLIANCE VIRTUAL OFFICE SCOTTSDALE Volume 2015 • Issue 2 FAILURE TO MAINTAIN DEFINITE PLACE OF BUSINESS YELLOW HIGHLIGHTED NAMES IN THIS SECTION REPRESENT BROKERS WHO FAILED TO CONTACT THE DEPARTMENT AND/OR CORRECT THEIR OFFICE ADDRESS IN ORDER TO COME INTO COMPLIANCE BROKER'S NAME LIC. # ENTITY NAME OFFICE LOCATION CITY MAHER, MARC BR516889000 NORTH GATEWAY REALTY MY OFFICE BUSINESS SUITES PHOENIX MALLARO, THOMAS C. BR113607000 TALKA INTERNATIONAL REALTY, LLC ALLIANCE BUSINESS CENTER SCOTTSDALE MARTIN, EDWARD M. BR520415000 LOGIX PROPERTIES REGUS EXECUTIVE SUITES SCOTTSDALE MCCLUSKY, SHAUN E. BR542365000 RINCON VENTURES, INC. PLAZA EXECUTIVE SUITES PHOENIX MONACO, MARY ANN BR525637000 YOUR AZ REALTY COMPANY REGUS EXECUTIVE SUITES SCOTTSDALE MONTENEGRINO, JOSEPH J. BR544237000 AS ONE REALTY, INC. MOORE, THOMAS S. III BR635039000 MURPHY, JOSEPH F. JR. BR514640000 MURRAY, URSULA R. BR638868000 MYLES, WINNFORT J. BR520347000 AMERICAN HOMEFRONT REALTY, LLC FINANCIAL CONCEPTS OF SCOTTSDALE, LLC MARQUISE PROPERTY MANAGEMENT THE VIRTUAL REALTY GROUP O'SULLIVAN, PATRICK W. BR634211000 CAP CORE REAL ESTATE, LLC PETERS, KIMBERLY "KYM" T. POLANCO, TIMOTHY A. ALLIANCE BUSINESS CENTER SCOTTSDALE REGUS OFFICE SUITES CHANDLER REGUS EXECUTIVE SUITES SCOTTSDALE REGUS EXECUTIVE SUITES SCOTTSDALE PLAZA EXECUTIVE SUITES PHOENIX REGUS OFFICE SUITES TEMPE BR534187000 LOTUS HOME SALES AND PROPERTY BOX OFFICE THISTLE LANDING PHOENIX MANAGEMENT, LLC BR540613000 ARIZONA E HOMES, LLC MY OFFICE BUSINESS SUITES GLENDALE RACKE, DANIELLE R. BR565388000 RED HOUSE REALTY UPS STORE PHOENIX RAHI, LYNDA BR509702000 UPS STORE SCOTTSDALE RUCKER, DAVID BR029608000 DISTINCTIVE REAL ESTATE VENTURES OF ARIZONA, LLC ARIZONA REAL ESTATE SERVICES ALLIANCE VIRTUAL OFFICE SCOTTSDALE SHAW, ROBERT "BOB" G. BR580019000 RELAY REALTY ISLANDS EXECUTIVE SUITES GILBERT SLAUGHTER, GREG L. SPINKS, MARK V. BR523408000 RESULTS GUARANTEED REALTY, LLC GATEWAY EXECUTIVE SUITES (dba RGR) BR520304000 LEGENDARY REALTY & INVESTMENT BOX OFFICE THISTLE LANDING GILBERT PHOENIX THOMAS, STEVE G. BR003499000 LANDNET VENTURES REGUS EXECUTIVE SUITES SCOTTSDALE THOMPSON, YALONDA M. BR556428000 SUPERIOR HOME QUEST PLAZA EXECUTIVE SUITES MESA WALLEN, MICHAEL R. BR014217000 TURNKEY REALTY PLAZA EXECUTIVE SUITES SCOTTSDALE WILSON, GARY R. BR631196000 PHOENIX REAL ESTATE BROKERS PLAZA EXECUTIVE SUITES PHOENIX WIRTHS, GLORIA J. BR514229000 AZ PROPERTY SHOP MY OFFICE BUSINESS SUITES GLENDALE ZIEGLER, CONNIE F. BR628604000 STARLING INTERNATIONAL REALTY, LLC REGUS EXECUTIVE SUITES SCOTTSDALE Real Estate Bulle n Page 18 Volume 2015 • Issue 2 Joe Lestinsky joined ADRE in March 2015 as an Investigator. He has more than 20 year s’ experience working in the investigative field. Joe is married to his wife of 22 years and has three children, ages 21, 19 and 14 (two kids in college and one in high school). He also has a lazy Chihuahua named “Chica” and his hobbies include spending time with family and cooking. Mary-Carol Ennis joined ADRE as an Auditor in March 2015. Most recently, Mary-Carol has been investigating mortgage fraud for the federal government and GSEs. When she is not working, Mary-Carol enjoys spending time with her 5 year old daughter and husband. Mary-Carol also enjoys golfing, traveling and reading. Wendy Flack joined ADRE as a Customer Service Rep.in April 2015. She also has extensive clerical background, including with the State of Arizona. Wendy is a married mother of 3 girls and in her spare time enjoys, camping, travel, and theatre. CALENDAR OF EVENTS Monday, May 25, 2015 ADRE will be closed in observance of Memorial Day Tuesday, June 9, 2015 Education Advisory Committee Meeting (open to the public) Wednesday, June 10, 2015 Real Estate Advisory Board Meeting (open to the public) Thursday, June 18, 2015 Learn and Lunch (see page 7 for details)- Pre-Registration is required due to limited seating Prior to meetings, check with the Department to ensure that the meeting has not been postponed or the location changed. Real Estate Bulle n Page 19 Volume 2015 • Issue 2 Official Publica on ARIZONA DEPARTMENT OF REAL ESTATE 2910 N. 44th St, Suite 100 Phoenix, Arizona 85018 VOLUME 2015 ‐ ISSUE 2 The Periodic Bulle n from the Arizona Department of Real Estate An official publica on of the State of Arizona DOUGLAS A. DUCEY Governor Judy Lowe Commissioner Real Estate Advisory Board Note: Please check your mailing label and if the date above your name is more than 1 year old, you must subscribe for another year. Send check for $20 payable to ADRE and note your request on your envelope Real Estate Bulle n Page 20 Kimberly Cli on, Chair Frank Dickens, Vice ‐ Chair Carla Bowen Charles Bowles Bill Gray Nedra Halley Kimberly Horn Dus n Jones Sco Peterson Jo Ann Sabbagh Volume 2015 • Issue 2