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Short Term Rentals and Property Management; Governance Policies for Nonprofits; and Listing Agreements and Broker Compliance
Legal Update
Do Brokers Risk Forfeiting Commissions for Neglecting to Review Listing Agreements?
By: Blake T. Wilkie, Esq.
Designated brokers in Arizona are exceedingly busy these days in the frenzied real estate market. Pulled in many different directions throughout their day, it may be tempting to allow administrative tasks to slide down their priority list. One of the many important obligations assigned to designated brokers is to review all real estate listing agreements procured by their agents and to initial each listing within ten days of its execution. Is the broker risking the commission that has been contracted for? Can a seller of real estate be excused from paying a real estate commission due to a designated broker’s failure to timely initial a listing agreement within ten days, as required by Arizona law?

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Short Term Rentals and Property Management
By: Christopher J. Charles, Esq.

With the rising popularity of short-term rentals in Arizona over the last few years, more people are becoming interested in entering the short-term rental market. This article addresses two of the regulatory issues concerning short term rentals in Arizona. First, pursuant to A.R.S. §§ 33-1901 and 1902, all rental properties must be registered with the local County Assessor. Second, in some cases, a real estate license is required to manage rental property of third parties. 
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The Governance Policies Every Nonprofit Should Have
By: Erik W. Stanley, Esq.

Every nonprofit needs to adopt governance policies and procedures to ensure that its leaders, employees, and volunteers have a clear plan for handling important parts of the organization’s operations. Some governance policies every nonprofit should have are conflict-of-interest policy, budget policy, fundraising policy, etc.

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