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Tuesday, April 1, 2014

We talk a lot of state-level rules and regulations, but federal guidelines are just as important. Here's an overview of some of the most notable real estate related rules out of Washington.

Monday, March 31, 2014

Daan!Congratulations to Realtor Daan De Raedt of RE/MAX Allegiance in Arlington, who was named as one of REALTOR magazine’s 2014 “30 Under 30″ — “hard-working young professionals [who]… put their customers first, and are champions for their communities.”

And congrats, too, to two Realtor neighbors from just north of the state line: CJ Davis and Ron Mangas, Jr., both of Washington, D.C., who also made the 30 Under 30 list.

Friday, March 28, 2014

As the first women to head Virginia’s largest trade association, VAR CEO Terrie Suit was named in Virginia Business magazine’s “On the move” section — part of its annual feature on the most influential people in the state.

The magazine listed Suit as one of the “People who are making their mark” along with others such as Tom Folliard (president and CEO of CarMax), Gracia Martore (president and CEO of Gannett Co.), John F. Reinhart (CEO and executive director of the Virginia Port Authority), and George Sherman (president of Advance Auto Parts).

Congratulations, Terrie!

Click here to see the article.

Thursday, March 27, 2014

There’s an excellent column in the Washington Post by regular contributor Jill Chodorov on off-market or “pocket” listings. (Technically it’s a column, but it reads more like a well-researched article.) Whatever you think of pocket/off-market/pre-listing listings, it’s worth a read to understand how and why they’re out there.

Tuesday, March 25, 2014

obamasignsAs expected, President Obama signed the bipartisan Homeowner Flood Insurance Affordability Act on March 21, which extended government flood-insurance subsidies to people in flood zones. Because of the 2012 Biggert-Waters law, many of those people would have seen their flood insurance premiums skyrocket as they were adjusted to accurately reflect the flood risks.

Monday, March 24, 2014

Earnest money deposits account for more complaints against Realtors than any other issue, so it's critical to know the rules.

This WorkSmart Kit covers a few of the more recent changes to regulations involving EMDs: When they can be released, who gets the interest, and more.

It includes a broker's guide, a recent Commonwealth magazine article, and a poster for your office bulletin board.

Monday, March 17, 2014

Virginia Association of REALTORS® President Bradley J. Boland sent a message to the Federal Housing Finance Administration, weighing in on the FHFA’s plan to reduce the loan limits for mortgages that could be purchased or insured by Fannie Mae or Freddie Mac.

Reducing those limits would mean that many potential home buyers would not be eligible for a mortgage because the property value would be too high to qualify. While it’s particularly an issue in the more expensive areas of the state, reducing the loan limits would have an effect on the entire Virginia real estate market.

Monday, March 17, 2014

The General Assembly has ended its session, and VAR had across-the-board success. Heidi explains what we accomplished this year.

Friday, March 14, 2014

The U.S Senate voted 72-22 to approve a bill that would continue government subsidies for flood insurance for people in flood zones, protecting them from often-significant rate hikes that were going into effect.

The Homeowner Flood Insurance Affordability Act, which had bipartisan support, was in response to the 2012 Biggert-Waters law. As REALTOR® magazine explained, Biggert-Waters

Friday, March 14, 2014

REALTOR® magazine has named Richard Bridges of  ERA Blue Diamond Realty in Woodbridge one of its 50 finalists for the 2014 class of “30 under 30″ — young Realtors® who show exemplary business success, innovation, leadership, and community involvement.

After receiving hundreds of applications, the magazine’s editors selected 75-100 semifinalists, and then narrowed the field to the 50 finalists that include Bridges.