Virginia’s Hurricane Preparedness Sales Tax Holiday May 25-31 will provide Virginians with an opportunity to buy emergency equipment and supplies tax-free. All Virginia retailers participate in the holiday. Among the items that are exempt from sales tax are batteries including cell phone batteries, flashlights and lanterns, bottled water of all types and sizes, first aid kits, coolers, NOAA Weather Radios, portable generators and many other useful items.
Major changes are coming to real estate transactions starting August 1st, 2015. Any transaction involving a mortgage will use the new disclosure forms created by the Consumer Financial Protection Bureau (“CFPB”). NAR has compiled information on this topic on REALTOR.org, and so this article will briefly summarize the changes and then focus on how the changes will affect association form contracts.
Consider becoming a leader and committee volunteer with the Virginia Association of REALTORS®. Once a year we offer REALTORS® across Virginia a chance to take their careers to a higher level in the industry and build life-long connections with your peers. Now is that time!
VAR wants—and needs your expertise, experience and enthusiasm. As a committee volunteer leader, your efforts will help improve the industry for your fellow REALTORS® and private property owners in the Commonwealth.
There are three primary forms used to disclose various types of agency or representation: • Disclosure of Brokerage Relationship to Unrepresented Parties (Form 100) • Disclosure of Dual Agency or Dual Representation in a Residential Transaction (Form 101) • Disclosure of Designated Agency or Designated Representation (Form 103)