Dedicated Funding Plan for Metro Awaits Action by the Governor

March 16, 2018

The fate of providing dedicated funding for Metro is in the hands of Governor Northam. Members of the Virginia General Assembly agreed on a $154 million plan to fund Metro without imposing any new taxes. It is important to note that this plan has not yet been approved by Governor, who has three options: sign, […]

VA Legislative Session Comes to an End – Almost

March 16, 2018

Last week the Virginia General Assembly adjourned for the year. Almost all of the bills advanced by the Virginia REALTORS® this year passed both chambers and were approved by the Governor. Topics include defining Teams, document translations, earnest money deposits, broker education, post-licensing curriculum, civil violations for non-licensed activities, POA/COA summary information, and restrictions to […]

NAR Urges Permanent Mortgage Forgiveness Debt Exclusion

March 15, 2018

The exclusion for forgiven home mortgage debt following a foreclosure, short sale or loan modification should be made permanent to provide relief to troubled borrowers and minimize the damage to families, neighborhoods and communities. That’s according to recent testimony(link is external) from the National Association of Realtors® before the U.S. House Ways and Means Subcommittee on Tax […]

DAAR Weighs in on the Benefit of Additional Staff to Support Housing Programs

March 9, 2018

The FY 2019 Proposed Budget for Loudoun County includes funding for additional staff resources to address one of the most critical needs in Loudoun County – how to provide housing that is affordable. DAAR is pleased to see the inclusion of proposed funds for this purpose. County staff requested funding for five new staff positions […]

Health Insurance Rule Needs Improvement

March 9, 2018

The U.S. Department of Labor’s (DOL) proposal to let more associations offer health plans to their members is encouraging, but changes—such as extending eligibility to self-employed individuals or small-business owners who have access to subsidized insurance through a spouse’s employer plan—are needed, the National Association of REALTORS says in a letter to Secretary of Labor […]

Video: Avoiding Unlicensed Practice of Law

March 9, 2018

The latest Window to the Law video from the National Association of REALTORS Legal Affairs division provides strategies to help real estate licensees avoid activities that could constitute the unlicensed practice of law.   You may also view the slide presentation.   

Call to Action: Support the Association Health Plan Rule!

March 4, 2018

In an effort to expand access to more affordable, high-quality health insurance coverage, on January 5, 2018, the U.S. Department of Labor proposed a rule allowing self-employed individuals and small employers to purchase health insurance through professional or trade associations by expanding access to Association Health Plans (AHPs). An AHP plan would be treated as […]

Phase I – Part II: Your Clients May Need to Register for Renting Out Rooms in Their Homes

March 2, 2018

Loudoun County stepped closer to creating a registration process for homeowners who rent out rooms in Loudoun County. County staff is working on a draft ordinance to put in place a free registration process for people who offer short-term room rentals. Once complete, the public will have an opportunity to comment on the draft ordinance. […]

Money Laundering in Real Estate: How is it done? How can we stop it? 3/23

March 2, 2018

Sponsored by George Mason University’s Terrorism, Transnational Crime and Corruption Center, the National Association of REALTORS is participating in an all-day conference featuring policy makers, law enforcement, academia, financial institutions, and other real estate sector representatives to better understand money laundering in real estate and how to counter the impact. Registration is free and lunch […]

Update: Virginia General Assembly Budget and Metro Funding

February 26, 2018

Last week, the House and Senate passed a 2-year state budget plans. Negotiations will continue as the two Chambers work to pass a final budget before the end of the 2018 General Assembly Session. The Fiscal Years 2019-2020 budget will take effect July 1, 2018. There are key differences in the two plans. The House […]