Mortgage And Real Estate News

Monday, September 3, 2012

Reagor: Home-listing group game for some fun


Patrick Breen/The Republic The Arizona Regional Multiple Listing Service has a created a Monopoly game based on the Phoenix-area real estate market. Called ARMLS-OPOLY, players can buy Apache Junction for $60, Goodyear for $200 and Fountain Hills for $320.



Metro Phoenix's housing market hasn't been all fun and games, but the real-estate industry has come up with a new way to play the market and win.

The Arizona Regional Multiple Listing Service has a created a Monopoly game based on the Phoenix-area real-estate market. Called ARMLS-OPOLY, players can buy Apache Junction for $60, Goodyear for $200 and Fountain Hills for $320.

"Paradise Valley and Scottsdale are the Boardwalk and Park Place of the game," said Chris Heagerty, an ARMLS director.

Paradise Valley has the highest price tag: $400.

"We wanted to do something with a long shelf life to celebrate our 30th anniversary," Heagerty said. "I still have my first Monopoly game."

She hopes the game is something ARMLS members can actually sit down and play with friends and family.

There are differences between the real-estate game and traditional Monopoly. Instead of being sent "straight to jail" in ARMLS' monopoly, players are sent to "rules class," which is a real option for metro Phoenix's real-estate agents who don't follow industry guidelines or laws.

Instead of the wild cards in the regular Monopoly known as Chance and Treasure Chest, this game has "Learnathon" and "Technoplaooza."

One example of a Learnathon card: Haboob pool cleanup on all your properties. Pay $25 for each single home and $100 for each multifamily property.

A card from the Technopalooza pile: Your real-estate blog goes viral! Collect $100.

The rules on the ARMLS game are also much more like the real-estate industry's. Properties can be mortgaged back to the bank, but all houses and apartments on the spot must go for half-price. Players can also sell properties to each other at an "agreed price."

The money has the Phoenix skyline on it. And there are no utilities listed on the board; instead, different Realtor association groups are on those spots and are available for purchase.

The last player with the most properties and cash wins.

For more information, call ARMLS at 480-921-7777.

by Catherine Reagor - Jul. 20, 2012 The Republic






Reagor: Home-listing group game for some fun

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