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September 11, 2012 - 8:00am - 5:00pm
Cosponsored by the Bristol TN-VA Association of REALTORS but course being held at the Southwest Virginia Board of REALTORS®, 101 Charwood Drive, Suite 1, Abingdon, VA 24210

Real estate is about relationships and you need to understand what Virginia law says about your business connections. This in depth review covers the details of brokerage relationships with every customer including buyers, sellers, landlords and tenants.  In addition, you’ll find all you need to know about property/agency disclosure and confidentiality.  Approved for CE 3 Hours Real Estate Agency; 4 Hours Real Estate Related OR PL 3 Hours Mandatory Residential Real Estate: Agency Law and 4 Hours Elective.   Does not satisfy the Residential Standard Agency requirement.

RI 411: Successful Settlement: Managing the Transaction

September 12, 2012 - 8:00am - 5:00pm
Southwest Virginia Board of REALTORS®, 101 Charwood Drive, Suite 1, Abingdon, VA 24210

As a result of this class…students will be able to develop communication and organizational strategies to prevent or overcome difficulties in the transaction leading up to and beyond the closing table.

 After this class, you will be able to:

Video: A short history of VA Agency Law changes

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Join the 2013 class of the Virginia REALTOR® Leadership Academy

If you could do just one thing next year guaranteed to ratchet-up your earning potential and real estate knowledge and create a personal referral network that could pay dividends for the rest of your career…would you do it?

Perhaps the more appropriate question is: Why wouldn’t you?

Virginia REALTOR® Leadership Academy (VLA) graduates say it’s the best way to supercharge your real estate career.

VARbuzz: Builder survey: Renters really want to own

Renters Really Prefer Owning, Builder Survey Says,” says the Wall Street Journal. I grabbed that immediately — looked like a good, positive story.

Unfortunately, the survey the story is based on doesn’t really say that.

Sayeth the Journal:

A survey from PulteGroup — one of the nation’s largest home builders — has found a surprising result: Many renters want to buy homes.

But PulteGroup actually said:

VARbuzz: REO flood a-comin’? Doesn’t look that way

As we told you the other day, all the hubbub about shadow inventory — a flood of foreclosures and distressed sales coming down the pike — looks to have been a tempest in a teapot and much ado about nothing. A mountain out of a molehill, if you will.

The Wall Street Journal has a piece, “That New Foreclosure Tsunami? Still Waiting” in which it points out that the fears seem unjustified:

VARbuzz: Good foreclosure news from CoreLogic

In its March National Foreclosure Report, CoreLogic found that foreclosures dropped 18.8% from March 2011. Even better, foreclosures in the first quarter were down 14.7% from the first quarter of 2011.

“Compared to a year ago, the number of completed foreclosures has slowed,” said Anand Nallathambi, chief executive officer of CoreLogic. “Since the foreclosure inventory is also coming down, this suggests that loan modifications, short sales, deeds-in-lieu are increasingly being used as an alternative to foreclosures to clear distressed assets in our communities.”

Click here to read the details.

VARbuzz: Real estate’s a good investment, but not as good as gold — so say you all

bling! “Gold gold gold gold gold gold gold.” –Dwarf mining song, Terry Pratchett’s Discworld series.i

A Gallup poll found that 34 percent of Americans consider gold the best long-term investment. Real estate and stocks came in as number 2 and 3, with men preferring real estate and women preferring stocks.

Why gold? Historical reasons.

VARbuzz: Alexandria gets nation’s first granny pod

Small and mighty: A MEDcottage Back in 2010 we told you about MEDcottages, aka “Granny Pods” — small, portable apartments designed to house and protect relatives that are physically or mentally impaired. Virginia law prevents localities from banning them on single-family properties.

Q1 2012 home sales report is now available

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.

As shown above, the pace of home sales in the first quarter of 2012 marked an improvement over both the first quarter of 2011 and 2010.