The foreclosure crisis and Census taking have joined forces to create yet another new headache for Realtors®:
Some Census workers have been contacting the listing agents of vacant properties (or their brokers) if the last known occupant hasn't completed the Census form. Sometimes the Census workers have been very aggressive in attempting to acquire information about the owners or occupants. And the United State Code stipulates that it's unlawful for an "…owner, proprietor, manager, superintendent, or agent of any hotel, apartment house, boarding or lodging house, tenement, or other building, (to) refuse or willfully neglect, . . . to furnish the names of the occupants of such premises” during the Census.
Editor's note: This story was originally posted on March 25, 2010. We're re-publishing it due to reports of a large number of members being unfamiliar with the new rules.
According to NAR, new EPA rules about lead paint are set to go into effect on April 22, 2010.
To help you comply with the new rules, your friends at NAR have set up a Lead Paint Renovation Rule Compliance Guide at REALTOR.org.
The Richmond Association of Realtors and VAR are teaming up to bring you RE BarCamp RVA. "RE BarCamp RVA? What the heck is that?" you say?
A BarCamp is a FREE unconference, meaning there is no set agenda of topics before everyone arrives at the site. At the beginning of the event anyone in attendance can “pitch” an idea such as leading a discussion on the use of Twitter for real estate, a discussion on best practices in dealing with a Short Sales, hot mobile applications or using Facebook for real estate. Each idea is written on a post-it note and posted on the wall at the front of the room.
The legal battle over a three-acre plot of land on Reserve Avenue has ended, with B&B Holdings accepting its condemnation. The City of Roanoke had exerted eminent domain to take the land for a Carrilion Clinic biomedical park, but has since dropped those plans.
The case has been closely watched by advocates of property-owners' rights, who are pushing for stricter limits on the use of eminent domain to seize land. Ultimately, the owners in this case, Jay and Stephanie Burkholder, gave up the fight because it made good financial sense to do so. The legal battle cost them about $600,000.
According to a survey of 92 housing economists and experts, home prices across the nation will begin a slow but steady recovery beginning next year.
The analysts surveyed by MacroMarkets on average expect home prices, as measured by the S&P/Case-Shiller national index, to rise about 12% in the five years ending Dec. 31, 2014.
NAR's Appraisal Insight blog reports a change in plans for complaint procedures related to the Home Valuation Code of Conduct:
Homeowners and Realtors® in Loudoun County should be concerned about the impact of the proposed Chesapeake Bay Preservation Ordinance. If enacted, it would make Loudoun County the first non-tidewater county to enact the restrictions, and the only one to do so without being required by law.
The ordinance would designate segments of the county either as a Resource Protection Area (RPA), (land that is within 100 feet of a stream, pond or other body of water), or as a Resource Management Area (RMA), (land that is outside an RPA but if developed could have an adverse effect on nearby waterways). Homeowners in designated RPAs would likely find some of the ordinance's provisions onerous, as any activity that disturbs land near a stream could be affected.
On May 17th, NAR launched an all-member call for action to urge the House and Senate prevent new tax burdens on Real Estate.
If you haven’t responded to the call waiting for you in your e-mail inbox, you can do so here.
DC was swimming in Realtors® last week as NAR's Midyear Meetings returned to the nation's capitol. Here are some of the outcomes and significant reports coming out of the meetings:
It's been two years since the last time it happened, but Virginia's government is reporting that state tax revenues increased from the previous month in both March and April.
A rise in sales taxes shows that Virginians are spending more. Even better, income taxes ballooned by 38.7 percent, a sign that payrolls for citizens are on the rise. These are good signs for Virginia's economy: