News
Economic Summit: What’s in Store for Housing and Beyond – Friday, April 6, 8-11AM
January 11, 2018
Join us for DAAR’s Economic Summit: What’s in Store for Housing and Beyond on Friday, April 6th, 8-11AM at Loudoun County School Administration Building, 21000 Education Court, Ashburn, VA. The event offers an opportunity for REALTORS® in the Northern Virginia and Loudoun County area to understand housing and economic trends and forecast for 2018 and […]
Schedule Your Code of Ethics Training – Due in 2018
January 6, 2018
REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within two-year cycles. Background on the change to a two-year requirement is here. The training must meet specific learning objectives and criteria established by the National Association of REALTORS®. A new two-year cycle began January 1, 2017. The deadline […]
Tax Law Eliminates Individual Mandate
January 4, 2018
The just-enacted tax law effectively eliminates the federal requirement that individuals either demonstrate that they have health insurance that meets certain standards or pay a tax penalty. The new law zeroes out the penalty, which is part of a provision in the Affordable Care Act known as the individual mandate, starting in January 2019. For […]
The Tax Cuts and Jobs Act – What it Means for Homeowners and Real Estate Professionals
January 4, 2018
The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the Tax Cuts and Jobs Act final […]
NVAR Standard Forms Changes: Effective January 1, 2018
January 3, 2018
The following NVAR forms changes are effective as of January 1st, 2018: 1. K1338 Exclusive Right to Represent Buyer Agreement a. Paragraph 4, Term and Termination: This paragraph was modified to clarify the Buyer’s responsibility for payment of the Termination Fee. This means that any Termination Fee paid by the Buyer to the Broker is in […]
In Memoriam: David Olson
January 1, 2018
We extend our heartfelt sympathies to the family and friends of Dave Olson of Ashburn, who passed away last week. Dave was a REALTOR® with Long and Foster, Ashburn and committee volunteer with DAAR. A viewing will be held on Friday, January 5th, 3-8PM at Loudoun Funeral Chapel, 158 Catoctin Cr. SE, Leesburg, VA 20175 and […]
Join Us: NVAR Contract Updates Effective January 1st, 2018: Thursday, 1/25
January 1, 2018
Join us for an overview of the NVAR contract changes that went into effect January 1, 2018 from 10am – Noon. Featured Speaker: Keith Barrett, Esq. Members: FREE Non-members: $20 Flyer
National Flood Insurance Program Extended to January 19, 2018
December 27, 2017
On December 21, 2017, Congress extended the National Flood Insurance Program (NFIP) as part of the continuing resolution to keep the government open through January 19. NAR will continue working with Congress to ensure that the NFIP does not lapse while the Senate works on its version of the 5-year reauthorization and reform measure. Read […]
FHA 2018 Loan Limits
December 27, 2017
On Dec. 7, 2017, the Federal Housing Administration (FHA) released its 2018 Loan Limits, effective January 1, 2018. FHA’s loan limits are tied to the loan limits set by the Federal Housing Finance Agency for conventional mortgages. In high-cost areas the FHA national loan limit “ceiling” will increase to $679,650 from $636,150. FHA will also […]
President Signs the Tax Reform Bill
December 27, 2017
The President signed into law the “Tax Cuts and Jobs Act” on December 22, 2017. All individual provisions of the measure are generally effective after December 31, 2017 for the 2018 tax filing year and expire on December 31, 2025 unless otherwise noted. The provisions do not affect tax filings for 2017 unless noted. To read […]