Blog
Board Dedicates $12.4M to Expand Broadband Access in Loudoun
July 28, 2021
During public comment, some residents who called in to speak remotely were inaudible due to their connectivity issues. On Tuesday, July 20, 2021, the Loudoun County Board of Supervisors voted to allocate over $12.4 million to bring broadband to underserved communities Loudoun. This unanimous decision will boost expansion efforts to western parts of the county and, […]
Effective July 1st: New Virginia Laws
June 21, 2021
The Virginia General Assembly wrapped up their legislative sessions in the early months of 2021. The Governor has taken action on 500+ bills/resolutions, with many affecting the housing industry. Of approximately 3,000 bills/resolutions that were introduced during these sessions, Governor Northam took action on 552 and vetoed none of them during the 2021 special session. […]
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 […]
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 […]
Flood Insurance Available Through November 21st
September 30, 2019
On Friday, September 27, 2019, President Trump signed into law an extension of the National Flood Insurance Program’s funding authority. This temporary measure also funds other government operations and averts a government shutdown through November 21, 2019. National Association of Realtors® President John Smaby issued the following statement: “With this CR temporarily ending the threat […]
Watch the FHA Condo Rule Facebook Live: 9/26
September 20, 2019
The U.S. Department of Housing and Urban Development is expected to release new Federal Housing Authority (FHA) condominium financing policies on October 15, 2019. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Join the NAR FHA Condo Rule Facebook […]
You’re Invited: Learn About the Plan to Address the Unmet Housing Needs in Loudoun County, 10/2, 9:30AM
September 20, 2019
We all know about the increased need for housing in Loudoun County. What you might not know is that the County is working to address this issue. Join us on Wednesday, October 2, 2019, when the DAAR Government Affairs Committee meets with Loudoun County officials to discuss development of a strategic plan to address the […]