Blog
Let Us Know How the New Bright Off-MLS Policy Impacts Your Business
October 19, 2019
Bright MLS announced a new policy on Tuesday, October 15th, 2019 that requires submitting a listing within 1 business day of marketing to the public effective Wednesday, October 16th, 2019. FAQs can be found here. A fine of $5,000 will be imposed on Sunday, December 1st, 2019 for non-compliance. They also provided additional clarification via […]
Joint Study Confirms Relationship Between Real Estate Values, Public Transportation
October 17, 2019
Neighborhoods located within a half mile of public transit services outperformed those farther from public transit based on a number of factors, according to a report recently released by the NATIONAL ASSOCIATION OF REALTORS® and the American Public Transportation Association. The report is timely as our region prepares to welcome the opening of the Silver […]
September 2019 Loudoun County Market Trends Report: 10-year Record Highs for September Sales
October 15, 2019
Overview Loudoun County’s year over year September median sales prices increased for an eighth year in a row, up 2.1% since last September. The end-month Loudoun County median homes sales price of $495,000 reflects a new 10-year record high. Closed sales across Loudoun County in September totaled 539, a 10-year record high, increasing over the […]
New to Bright MLS or Need a Refresher? Register for Training on Thursday, 10/24!
October 14, 2019
Are you relatively new to Bright or need a refresher? Please take time to join us for Bright Orientation, 10-11AM, Intro to Bright MLS, 11-12:30AM and Managing Listings and Sellers from 1:30-3:30PM at DAAR, 21720 Red Rum Drive, #177, Ashburn, VA. Topics covered include setting up an account for branding and client preferences, how to […]
Window to the Law: Flood Insurance & Disclosures: What You Need to Know Now
October 10, 2019
Flood-related disclosures can generate a deluge of legal and ethical questions. What needs to be disclosed? How should you advise your sellers? What should you tell buyers about flood risk and flood insurance? Check out the latest Window to the Law video from NAR Associate Counsel Deanne Rymarowicz who answers these questions and more. Click […]
IRS Improves Deduction Safe Harbor for Mixed-Use CRE
October 10, 2019
The Internal Revenue Service this week released final guidance regarding a safe harbor to help owners of real estate enterprises determine whether they qualify for the new 20% deduction for “qualified business income.” While the safe harbor is largely unchanged in most aspects, it does ease the requirements for owners of mixed-use real estate (commercial […]
Why Your Online Reputation Matters
October 9, 2019
Your online reputation is the first thing clients notice when they Google you. But managing your online reputation can be time-consuming. Real estate is already a busy job, so a lot of brokers and agents forgo the additional task of collecting online reviews. That’s a mistake. Managing your online reputation is one of the most valuable things […]
Regulators Increase Appraisal Threshold
October 3, 2019
On September 27, 2019, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively “the Agencies”) adopted a final rule increasing the threshold for requiring an appraisal in residential real estate transactions from $250,000 to $400,000. Federally related transactions under $400,000 […]
Legal Corner: Social Media, Advertising and Ethics
September 30, 2019
Advertising media is constantly changing. New social media platforms pop up every week giving Realtors® more choices and easier access to mass advertising. Because of the quick pace of technology, the rules, both the Code of Ethics and the Virginia Regulations, have not kept up with the pace. Here are tips to help you navigate […]
Annual Meeting Update: Slate of Directors for 2020 and Bylaw Changes Approved
September 27, 2019
The Annual Meeting of the Dulles Area Association of REALTORS took place on Thursday, September 26th, 2019, 12:15-12:45PM at the Holiday Inn Dulles, 45425 Holiday Drive, Sterling, VA during the DAAR RECHARGE event. Following the delivery of President Phyllis Stakem’s annual state of the association address, the following slate of directors were approved by motion […]