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MLS Rules and Regulations Changes The Prescott Area Association of REALTORS® has made changes to the MLS Rules and Regulations to comply with the NAR Settlement Opt-In Agreement effective Thursday, August 1st.  The new MLS rules have been drafted by MLS counsel and approved by the PAAR Board of Directors as of July 11th, 2024. Changes to the…

Carla Dane Appointed New CEO of PAAR The Prescott Area Association of REALTORS® is pleased to announce the appointment of Carla Dane as its new Chief Executive Officer. Carla joins PAAR with 23 years of experience in REALTOR® Association Management. Since 2017, she has served as the CEO for the Pasadena-Foothills Association of REALTORS®. Over…

NAR Proposed Settlement Tuesday, March 19– On Friday, March 15, The National Association of REALTORS® (NAR) announced a proposed settlement to end the ongoing litigation of cases regarding real estate commissions and compensation practices. The settlement includes agreements by NAR covering liability release, compensation offers, buyer agreements, and a settlement payment. What is in the…

PAAR is searching for a new Chief Executive Officer Our current CEO, Suzanne Westrum, will be departing on February 16 for a new opportunity closer to family back in her home state of Texas. There is currently a search for a new CEO by an appointed Search Committee consisting of: Jeanelle Shearer, Kayla Stazenski, Faye…

AAR Legal Recommendations for NAR Lawsuits In the case of Burnett v. NAR et al, on Tuesday, Oct. 31, the jury found NAR and the co-defendants liable. The plaintiffs claimed real estate commission rates are too high, buyer brokers are being paid too much and that NAR rules and corporate defendants’ practices lead to set pricing.…

Prescott Area Association of REALTORS® receives Business Award PAAR recognized by Prescott Chamber of Commerce with Excellence in F/I/R/E Award On Thursday, October 25th, PAAR was given the Excellence in F/I/R/E Business award from the Prescott Chamber of Commerce. This award is given to a Chamber member business that displays outstanding professional services to their…

Prescott Area Association of REALTORS® recognized for Community Service PAAR receives Community Outreach Award from AAR Last Thursday, October 19th, PAAR was given the Local Association Community Outreach Award for our service with Meals On Wheels. Earlier this year, PAAR’s Community Service and Outreach Committee worked with the local chapter of Meals on Wheels to…

Annual Fall Food Drive 2023 Another Successful Fall Food Drive in Chino Valley Last Thursday, October 19th, the PAAR Community Service and Outreach Committee held its annual fall food drive in Chino Valley. The committee holds this food drive twice a year, collecting hundreds in monetary donations and boxes of non-perishable food items for the…

NAR Advocacy Efforts Helped to Avert Government Shut Down NFIP Extended, Shutdown Averted Following a massive advocacy blitz by the National Association of REALTORS®—which included a rare nationwide call to action—Congress passed a last-minute spending deal Saturday to avert a government shutdown and extend the authority of the National Flood Insurance Program (NFIP). The bipartisan agreement…

TOP TEN REASONS TO USE THE BUYER BROKER EXCLUSIVE EMPLOYMENT AGREEMENT When a seller signs a listing agreement, the seller understands how much they are going to pay for the broker’s service.  In contrast, most buyers do not understand the MLS offer of compensation or the concept of procuring cause.  The Arizona REALTORS® Buyer Broker…