The First Quarter 2012 Virginia Home Sales Report has been released and brings good news for the Commonwealth! Several long-term trends indicate that Virginia’s housing market is continuing to stabilize.
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The Virginia Association of Realtors® worked to help develop legislation to enhance the agency relationship disclosure requirements between licensees and those they represent. This means there are a number of changes to the existing agency laws in Virginia, and VAR wants to make sure that all members are up to speed on what they need to know to serve their clients and customers and stay in compliance with Virginia laws.
Many VAR members find success in the real estate industry by specializing in certain areas of the business. We call these areas "real estate specialties". VAR has several councils and alliances made up of these specializing members to ensure that these member contituencies are represented and that VAR continues to provide great services and products to these member segments. If you would like to learn more about becoming involved in these specialty areas, please contact Members@VARealtor.com.
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Wednesday, February 15 is REALTOR® Day on the Hill. You won't want to miss this important chance to talk directly with your legislators on issues that affect your business. Stick around for the Housing Policy Forum later in the afternoon, then make your way to the Jefferson for our can't-miss Legislative Reception.
On Wednesday, the annual Political Advocacy Luncheon with special guest speaker David Stevens, who is current CEO of the Mortgage Bankers Association and former Federal Housing Administration commissioner. Following lunch, nationally syndicated Washington Post real estate columnist Ken Harney will emcee a special housing policy forum for Virginia REALTORS. Panelists for that forum include Mr. Stevens, National Association of REALTORS’ past president Ron Phipps, and George Mason University economist and Housing Wire contributor Dr. Anthony Sanders. Then, following the panel, we’ll host our 2012 Legislative Reception at the Jefferson Hotel.
VAR’s legislative package this year comes from three main sources:
Yes, you read that right: Nine of our property management forms — leases, addenda, disclosures, etc. — have been updated.
This is a major overhaul done in collaboration with the Northern Virginia and Richmond associations along with VAR’s Standard Forms Working Group to make these forms more user friendly, and to ensure accuracy.
If you do any work in property management you need to head to VAR’s Forms Center and get the new documents.
The forms affected are:
Richmond, VA, July 21, 2011- Despite slower home sales during second quarter 2011, compared to second quarter of 2010, the housing market in Virginia may be ready to surge forward in the third and fourth quarters. Other good news is that we can see a clear increase in sales from first quarter 2011 to second quarter 2001.