The Arizona Association of Realtors has created a new HOA Addendum document for buyers and sellers to complete before closing. The Arizona Association of REALTORS® Form Workgroup Chair explains the motivation behind this new form:
“Parties were often surprised at close of escrow by previously undisclosed HOA fees that neither the buyer nor seller had agreed to pay. In an effort to avoid this scenario, an AAR forms workgroup created a revised HOA Addendum that promotes a greater level of disclosure of the various fees that are payable upon close of escrow. This greater level of disclosure should allow for fewer surprises, happier clients and successful closings.”
Visit the AAR HOA Info page to find more information about the HOA addendum, as well as to view a sample addendum. You may be prompted for a password when accessing the page.
As a reminder, new documents in Flexmls are Private by default when uploaded for ARMLS Subscribers. A document description selector is also available to aid Subscribers in choosing the correct document visibility setting.
Before posting a document as Public, check out the ARMLS Rules & Regulations and Inappropriate Language Policy to check what can be displayed publicly.
Pat Monahan
When I'm showing a home and I have a hard copy of the MLS plano, I can't tell whether the agent has put the HOA doc in the documents tab. It would be nice if this information was listed under 'Listing contract Info'.
Karla Dent
When do you post any of this as 'public'? I only use these forms for my clients (listing or selling), so does that make them all 'private' and to send them I have to make them 'public'?
George X Seimon
I see a lot of good changes coming into play.
ARMLS
Public documents can be seen in Flexmls portals or sent via Flexmls in emails. It depends on what you select when you upload the document on if it's private or public. Things with contact information and the HOA addendum should be private. As a Subscriber you can see private documents when logged into Flexmls. Does that clear it up?
Therese Sherry
I like that it defaults docs to private now. It was too easy to accidently forget. With private the buyers agent has the opportunity to review docs before they share with client. I put note in private section for agents to let them know about docs and most still don't bother to use them…especially the HOA Addendum. Maybe agents will get in the habit of checking for docs more as we go along.
Deb Jennings-Spalding
ARMLS so if its not branded you can post it, such as upgrade sheet, maps, etc?