News
NAR Call for Action: Congress Must Reauthorize the National Flood Insurance Program
July 5, 2018
The current National Flood Insurance Program (NFIP) is set to expire on July 31st if there is no Congressional action. Without federal flood insurance, millions of home and small business owners in 22,000 communities nationwide will not be able to obtain insurance to protect their property against flooding! This will cause an estimated delay or cancellation […]
Route 28 Widening, Route 9 Traffic Calming on List of Approved Road Projects
June 28, 2018
The Northern Virginia Transportation Authority (NVTA) adopted its first six-year transportation program, which includes dozens of projects designed to reduce traffic congestion throughout the region. Out of the $1.285 Billion approved, $508.7 million is allocated to projects in Loudoun County including: Dulles West Boulevard Widening: Loudoun County Parkway to Northstar Boulevard Evergreen Mills Road Intersection […]
Weigh in on the Future of Housing Near the Loudoun Gateway Station
June 22, 2018
One of the primary reasons why Loudoun County has not planned new housing developments close to the future Loudoun Gateway Station (Route 606) is because of aircraft noise. The limitation of housing near the Loudoun Gateway Station is based in part on a twenty-year old Airport noise study, the 1995 noise contour lines, and a […]
What the Association Health Plan Rule Means for REALTORS®
June 22, 2018
The U.S Department of Labor (DOL) has finalized its long-awaited Association Health Plan (AHP) rule to expand the definition of “employer” to include “working owners.” This change allows real estate professionals and other self-employed individuals to participate in association health plans. A key provision, forwarded for inclusion in the rule by NAR, will allow many REALTORS® […]
Need to Know: New Laws Effective July 1st Webinar
June 21, 2018
Earlier this month, Virginia REALTORS® Deputy General Counsel, Erin Barton, and Staff Counsel, Jon Haley, provided an update on the laws that passed the 2018 General Assembly. Learn what you need to know before these new laws go into effect on July 1, 2018. This webinar will last approximately 45 minutes, including a question & answer […]
Check out Recent Caveat REALTOR® Podcasts on EMD and Teams
June 17, 2018
Earnest Money Deposits Laura and Jon talk about the risks involved for real estate licenses with regard to confirming that EMDs have been paid into escrow, particularly when it comes to the potential for identity theft. They also answer some questions from the legal hotline regarding how to handle EMDs, both from the listing and […]
NVAR Standard Form Changes – Effective December 1st, 2019
June 17, 2018
NVAR Standard Forms Changes The following updates to NVAR Standard Forms went into effect on December 1, 2019: 1. Residential Sales Contract – K1321 This form has been modified consistent with revisions to the Virginia Code in the Property Owners Association and Condominium Acts. The Contract specifically allows for buyer delivery of the earnest money […]
May 2018 Loudoun County Market Trends Report: Tight Inventory Continues while Price Growth Stagnates; Condo Sales Hit a Record High
June 14, 2018
Overview For the 35th consecutive month, Loudoun County’s active listings declined, reaching the lowest recorded May inventory number in over a decade. At the end of May 2018, inventory was 16.9 percent lower than it was at the same point last year. This left 1,214 homes for sale at month’s end, with 2.2 months of […]
Need to Know: Advertising Requirements in Virginia
June 6, 2018
The following from the Virginia REALTORS Legal Frequently Asked Questions on Advertising provides an overview of the current requirements in Virginia: What is considered advertising? The Virginia Real Estate Board’s definition of advertising: “Advertising means all forms of representation, promotion and solicitation disseminated in any manner and by any means of communication to consumers for any […]
June is National Homeownership Month: Spotlight on Local Programs
June 6, 2018
June is National Homeownership Month, a time to celebrate and promote the American Dream of owning a home. REALTORS® know that homeownership is the best investment an individual can make to build their personal wealth. June is a time to reiterate what REALTORS® across the country have always known, that it is in the best […]