The 2011 Session of the General Assembly, like every other session, produced many changes in Virginia law. Most of these will take effect on July 1. VAR’s legislative team was able to secure many changes during this year’s General Assembly session that will have a profound effect on your real estate business.
Please click on link below for detailed information and registration.
Negotiations between NAR and the Federal Trade Commission over the MARS Rule have not yet produced the desired exemptions for Real Estate Professionals.
The MARS Rule remains in effect. (See earlier article HERE) (excerpt below)
If you work with clients who are doing short sales, thinking about short sales, or who you believe should be thinking about short sales, the Federal Trade Commission might be interested in you. You might not realize you're engaging in what's considered mortgage-relief counseling -- when you cross the line from helping someone do a short sale to giving them advice about it.
April 29, 2011 – Virginia residential home sales in the first quarter of 2011 have followed the general trend of the last several years with year-to-date sales 0.3% above last year. January and February home sales in 2011 exceed the same month the prior year (by 2.5 % and 3.5%) according to the Virginia Association of REALTORS®’ Home Sales Report.
For the complete Virginia Quarterly Home Sales Report for First Quarter 2011, please CLICK HERE.
Attention AE’s and Leadership: VAR Honor Society Applications are due April 1st
Click the link below for the online application.
Please submit applications to Awards@VARealtor.com or fax to 804-262-0497
Once we receive your Honor Society applications, you will receive a e-mail confirmation from VAR.
The Virginia Association of REALTORS® wants to serve you better. To do that, we need to know what we do that works, what we do that doesn’t, and what else we should be doing. Further, we want to know how you feel about important services and representation VAR provides that you can’t get somewhere else.
To do that, we’ve created this survey. Please help us by taking a few minutes (actually, more like 10-15 minutes!) to fill it out.
And here are the incentives:
Brought to you by CAI, IREM, NARPM, VAMA and VAR’s Property Managers Council
Property Management Coalition Conference 2011
Checking Under the Hood: the nuts and bolts of property management
Thank you for making our event successful.
Governor McDonnell, Lieutenant Governor Bolling, Attorney General Cuccinelli, and House and Senate Republican Leadership announce joint agenda for 2011 legislative session.
From Governor's press release:
Attorney General Ken Cuccinelli discussed individual property rights and their importance to the people of Virginia, stating, “There are legitimate reasons the government utilizes its power of eminent domain – for the construction of roads, schools, jails and utility easements,” Cuccinelli said. “However, we have to stand up for families and businesses to prevent government from using this extraordinary power when there is not a legitimate public need. A shopping mall or tourism information center is not a core public need.”
According to a report by property search site HotPads.com, rent prices nationwide rose 11.6 percent in 2010, from an average of $1,181 in January to $1,319 in December.
"With the U.S. unemployment rate over 9 percent throughout 2010 (up from 4 percent in 2006), low-risk housing options became more desirable, a trend that may continue in the coming months," the report said.