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A senior lobbyist with NAR has advised us that lenders will find the
new Truth in Lending Act requirements a bit of a change over the status
quo once the act becomes effective. Some believe lenders’ ability to
service a 30-day closing window could be affected, at least while they
get up to speed on the new rules.
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The Virginia Association of REALTORS® has made the following changes to its forms:
Form 600 (Residential Contract of Purchase) has been updated.
Section 18 has been revised to include statutorily required Consumer
Real Estate Settlement Protection Act (CRESPA) disclosure language.
Section 22 dealing with lead paint issues has been amended slightly to
bring it into compliance with EPA requirements.
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Working to balance the needs of the organization with the impact on members, the
VAR Board of Directors approved a proposal by the Budget Committee to a limited
dues increase of 83 cents per month...
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Come away with tips Realtors just like you are using to thrive in this
turbulent market, learn how to use new technologies to take your online
presence from ordinary to unforgettable, and find out how to
effectively manage your risk with today's demanding consumers.
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