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Tuesday, April 29, 2014

Kirill GorvounovCongratulations to Kirill Gorbounov of RE/MAX Allegiance in McLean, who was one of seven people to graduate from REALTOR® University’s first Master of Real Estate (MRE) program. NAR will hold its official commencement ceremony to honor the graduates at the REALTOR® Party Convention & Trade Expo on May 16, where NAR CEO and REALTOR® University President Dale Stinton will deliver the commencement speech.


Thursday, April 24, 2014

Sales picked up in February, but really took off in March, increasing 23.5% over February. Unemployment and mortgage interest rates remained stable, so the March sales increases are simply an expression of the season. Median sales price has been rising steadily since January, likely drawing more sellers into the market.

In addition to the seasonal increase in sales, you’ll notice from the graph below that we may be experiencing a decelerating market recovery. The success of 2013 may be explained by clearing of excess supply and pent up demand. Now in 2014, we are facing the reality of a very slowly growing economy. We can expect sales to follow their historic seasonal trajectory, but this year we may only see slightly more sales than we saw in 2012.

Wednesday, April 23, 2014

If you’re working with the FHA, you might be able to save some time and aggravation by taking advantage of electronic signatures on some documents.

What does that mean? NAR’s got some of the answers. Its government affairs folks sat down with FHA representatives to talk about e-sigs — what documents are covered (hint: most, but not the e-note), what the advantages are, and what’s coming down the pike.

As VAR’s Chief of Policy and Advocacy Martin Johnson explained, VAR has been pushing FHA to accept electronic signatures for some time.

Wednesday, April 23, 2014

Governor Terry McAuliffe has appointed VAR legal consultant Jay DeBoer as director of the Department of Professional and Occupational Regulation (DPOR).

As an executive branch agency, DPOR oversees the Virginia Real Estate Board and 16 other regulatory boards, from architects and asbestos inspectors to barbers, boxers, and wastewater works operators.

This is not DeBoer’s first time at the helm of DPOR; he served as director from 2006 until 2010. Since then, while working at VAR, he’s helped thousands of Realtors across the commonwealth with a long list of real estate topics, and — thanks to that previous DPOR experience — he’s been VAR’s resident expert on anything related to the department.

Friday, April 11, 2014

Virginia Governor Terry McAuliffe came to the meeting of the VAR Delegate Body in Richmond where he spoke to members from across the state.

“We’re excited to partner with Governor McAuliffe over the next four years on issues that are important to Realtors,” said VAR 2014 President Bradley J. Boland. As he had promised, the governor has not only kept his door open to Virginia Realtors, but has supported all our bills; he signed them into law this week.

Thursday, April 10, 2014

WS_elements_sidebar-banner(2)VAR is introducing a new tool for brokers that will give a boost to your next sales meeting.

It’s easy to use, it’s just the right length, it’s got smart, timely content.

Meet WorkSmart Sales Meeting Kits from VAR. Coming to you the second Monday of every month.

Each kit contains everything you need to discuss an important, timely topic with your agents: legal issues, technology, sales tips, marketing, and more.

They’re designed to be quick, relevant, and easy to use.

Wednesday, April 9, 2014

In some areas — maybe in a lot of them — housing demand is there but the supply isn’t. Economics 101 tells us that means more competition, higher prices… and a need for buyers to sell themselves.

David Charron, president and CEO of Rockville, Md.-based MRIS, writes in the Washington Post that there are some clear, specific things home shoppers can do to help make sure they’re the ones the seller chooses.

Wednesday, April 9, 2014

A modern skyline -- Caprica CityWhat will be different about the commercial real estate market in 25 years? CNBC has its predictions based on speaking with Peter Linneman from the Wharton School of Business “and other key players in the industry”:

Wednesday, April 9, 2014

If you’re sick, you don’t go to the “doc-a-toor.” If you’re looking to buy or sell property, you don’t go to a “Real-a-toor.” Both words have two syllables, and now Business Insider magazine has pointed out what a lot of us already knew: “Realtor” is one of the most mispronounced words.


Some of the other words that made the list are comptroller (pronounced  just like “controller”) and cache (pronounced “cash,” not “ca-shay”). Oddly missing is forte (pronounced “fort,” not “for-tay”).

Tuesday, April 8, 2014

Over the weekend, your Virginia Association of REALTORS® Policy and Advocacy team received confirmation that Governor McAuliffe signed the entire Virginia Association of REALTORS® Legislative Agenda into law.  Though the specific provisions of the bills he signed will not come into effect until July 1, 2014, we are pleased that the Governor signed them, exactly as they passed the Virginia General Assembly.