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Arizona public safety trustees paid to assist home purchase

Posted at 1:35 PM, Jan 22, 2020
and last updated 2020-01-22 15:35:19-05

PHOENIX - Arizona Public Safety Personnel Retirement System board members earned thousands of dollars in commissions for representing the pension plan's administrator in a home purchase.

The Arizona Republic reports Trustees Mike Scheidt and Will Buividas assisted Adminstrator Jared Smout's 2018 purchase of a $550,000 Fountain Hills home.

Real estate records show Tempe firefighter Scheidt acted as real estate broker, and Phoenix police officer Buividas was the loan officer for the purchase.

Buividas and Scheidt defended the deal. Smout's attorney says he was not coerced into hiring Buividas and Scheidt, and no laws were broken.