Attention Arizona Real Estate Professionals

Our Arizona Association of REALTORS® General Counsel Michelle Lind sums up MARS in an easy to understand article on the AAR website. That article, titled Mortgage Assistance Relief Services (“MARS”) Rule Requirements for Short Sale Brokers, addresses 6 key guidelines which are:

– No Advance Fees
– Disclosures in Advertising
– Disclosure in Communications with Prospective Customers
– Disclosures when Presenting a Short Sale Offer from the Lender or Servicer
– Truth in Advertising Services
– Record Keeping and Monitoring Requirements

The article also contains valuable links to the FTC for even more information! And finally, a link to disclosure forms. We are grateful to Michelle and the Association to provide us with such valuable information!

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