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Residential Standard Agency At CAAR

Time is running out for you to complete the required Residential Agency Course.  Join us at CAAR!  Contact Susan Barnette, Professional Development Director at 434-817-2397 for more information.  Email registration form to Susan@caar.com

Date: 
Thu, 10/17/2013 - 09:00 to 12:00
Location: 
Charlottesville Area Association of REALTORS 550 Hillsdale Drive Charlottesville, VA 22901
Categories: 

Accessible Tech: What and where to disclose online

This appeared in the April/May issue of Commonwealth magazine.

With more and more electronic communication being done in public — the “social” part of social media — you’ll find that you can never really remove your Realtor hat. That means you need to be extra careful when you’re writing an e-mail, crafting a blog post, or replying to a tweet.

Smokers’ homes don’t sell — or sell for less (and what you can do)

Smoking won’t just kill you — it can also kill a sale. So says a survey of Ontario real estate agents, who found that more than 80% of potential buyers would be either “unlikely” or entirely unwilling to buy a home where smokers had lived.

And when the house does sell? The study found that a house could see a 30 percent price drop (!) if it smelled of cigarettes.

All right, so what’s to be done if you’re trying to sell a smoker’s home? After reviewing far too many pages of tips, these seem to be your best bets for removing as much of the odor as possible.

More people spending too much of their income to rent

“The rent is too damn high” — add that to the growing list of reasons we’re going to see a boatload of new buyers entering the market in the next few years. That’s a reasonable conclusion from new Census Bureau data.

When the housing market collapsed, a lot of folks had to leave homes they could no longer afford — often because of foreclosure or short sales. They became renters, in part simply because their credit ratings took a big hit.

Important post-licensing changes

This is a reminder — but an important one — about post-licensing curriculum changes. (It will mostly affect new real estate licensees, but brokers need to remember it.)

The PL curriculum is changing from three tracks (residential, property management, commercial) to a single-track system.

  • The old system will be in place until December 31, 2013.
  • The new system will be available starting July 1, 2013.

The overlap is what’s important.

Legal Hotline FAQs: Agents Leaving of Changing Firms

VAR's Blake Hegeman discusses the perennial favorite topic: what goes down when agents leave or change firms?

Questions answered include:

  • What happens if an agent leaves a firm when they have a deal pending?
  • Can you still be paid while in transition to another firm?
  • Where does the payment come from in those instances?

License-status info from DPOR

The good folks at DPOR are working hard to get your license paperwork processed — applications, transfers, and the like.

We’ve already given you some tips on how to speed that process; we’ve got some more info to pass on.

Don’t call DPOR and ask for the status of your license. No one there can give it to you.

Update on license transfers: helpful tips to ensure a speedy process

A concern among Realtors® who change firms is the amount of time it takes for their licenses to become active with their new brokerages.

Legal Hotline FAQs: Property Condition Disclosure

Question: Listing agents must disclose material adverse facts pertaining to the physical condition of the property of which they have actual knowledge to the buyer. Do I as the listing agent have a duty to discover these facts? For example, am I required to investigate whether a house has defective piping?

Answer:

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