News
NAR Code of Ethics Course
December 5, 2019
DAAR follow’s the National Association of REALTORS® Code of Ethics. Adopted in 1913, it was one of the first code of ethical duties adopted by any business group. The Code ensures that consumers are served by requiring REALTORS® to cooperate with each other in furthering clients’ best interests. Please review NAR’s the Code of Ethics […]
A New Year’s Resolution Worth Keeping: Complete Your PLE in January
December 2, 2019
DAAR’s Real Estate School is dedicated to meeting the needs of your professional development as a new agent by offering more classes and seminars designed to give you the resources and knowledge to stay on top of your business. DAAR is offering in-classroom industry leading PLE courses designed to fulfill all 30 required hours within […]
Loan Limits Increase in 2020 for the Washington Metro Area
December 2, 2019
On November 26, 2019, the Federal Housing Finance Agency (FHFA) published the 2020 conforming loan limits for Freddie Mac and Fannie Mae. The baseline (national) limit will increase to $510,400 from $484,350 in 2019. In high cost areas, including the Washington Metro area, the limit will go up to $765,600 (from $726,525). The loan limits […]
Bright MLS Delays Enforcement of Off MLS Policy to February 2020
November 25, 2019
As you know, on October 16th, we received official notification that Bright MLS announced a new policy requiring agents to submit a listing within 1 business day of marketing to the public. As reported last month, DAAR wrote a letter to the Bright MLS Board of Directors on Friday, October 25th requesting a delayed enactment date […]
Do Your Clients Understand Their Mortgage Disclosure Documents?
November 22, 2019
You can help improve how this critical information is presented to homebuyers by giving the National Association of Realtors® your feedback! The Consumer Financial Protection Bureau (CFPB) is reviewing the mortgage disclosure rule, known as the TRID rule. This rule drastically changed the mortgage disclosure process to improve transparency for consumers (i.e. creation of the […]
Flood Insurance Extended Through December 20th
November 22, 2019
Yesterday, November 21, 2019, Congress extended the National Flood Insurance Program (NFIP) through Dec. 20, avoiding a lapse in the program. The President signed the bill into law. The NFIP is being extended as part of the Continuing Resolution (CR) to keep the government operating while Congress works on 2020 appropriations measures over the next […]
FHA: No Conflict of Interest for Brokers Receiving Commissions on HUD REO Homes
November 18, 2019
The National Association of REALTORS® says the FHA’s response to its recent advocacy efforts is a big win for members who have an ownership interest in HUD real estate-owned homes. Adopting NAR’s interpretation, the FHA has revisited its policy and will now permit brokers to receive commissions on sales of HUD REO homes in which […]
Census 2020
November 18, 2019
Key Census Messages – Fall 2019 The Census can be complicated. During the Education phase, we are focused on simple messages that emphasize impact, confidentiality, and a general timeline. Census Day is April 1, 2020. – Watch for a postcard that will arrive in the mail in mid-March. – You can respond to the Census […]
Winter Warmth 2019
November 18, 2019
The 2019 Winter Warmth cold weather clothing and blanket drive organized by the Community Service Committee was a great success! DAAR members dropped off coats, blankets, hats, and gloves from the end of September through November 18th. The Community Service Committee collected and distributed 20 huge bags of clothing, sheets and blankets to Mobile Hope, […]
October 2019 Loudoun County Market Trends Report: October Median Sales Price Increases for Ninth Consecutive Year
November 15, 2019
Overview Loudoun County’s year over year median sales prices increased for a ninth year in a row, up 2.1% since last October. The end-month median sales price of $495,000 reflects a new 10-year record high for the month of October. Closed sales set a 10-year record high in Loudoun County at 538 in the […]