Over 200 Realtors descended on Charlottesville this week for the tenth anniversary of the Property Management Coalition Conference. The Charlottesville Daily Progress stopped in and chatted with members on Wednesday. Check it out:
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
VAR's Blake Hegeman covers an increasingly hot topic: prpperty management escrow accounts. Blake covers the new laws that went into effect July 1, 2013, as well as some "classic" Q&A, including:
- What should I do with rent paid in advance? How far in advance?
- What about application deposits? Where should these fees go?
- Is there a limit on application fees? What protections do these fees provide?
CLICK HERE TO REGISTER
Our presenter, Tommy Hendrix, P.E., CPM, is a Licensed Professional Engineer in Virginia. He is the Vice President of Commercial Property Services at Hall Associates and oversees the Property Management and Commercial Maintenance Divisions.
Date | June 27, 2013
Virginia Tech Foundation Building
902 Prices Fork Road, Room 3100
Blacksburg, VA 24061
Lunch will be provided | 1:30 pm
In early March 2013, the Virginia Department of Professional and Occupational Regulation (DPOR) issued clarification about its real estate licensee transfer policy that created concern about when a transferring licensee is able to practice at his new firm. In response, VAR has been consistently working with DPOR staff and Virginia Real Estate Board members on a solution that will allow licensees to transfer seamlessly to a new firm.
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.
And I don’t just mean “always be professional.” I mean that there are disclosure rules from both the Virginia Real Estate Board and the Realtor Code of Ethics that apply online whenever you engage in “advertising.”
And believe me, the definition of “advertising” is pretty broad.
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.
“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.
Result: Rental vacancy rates are down. The new Census Bureau report says that those vacancy rates dropped from 8.4% to 7.4% in just two years (2009 to 2011) — homeownership obviously declined at the same time.
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.
You know you must take 30 hours of PL education within a year of getting your license. You must take those 30 hours under the current system or the new system — you cannot mix them.