July 1st marks the date that most new Virginia laws go into effect. While there were a number of bills passed this year by the General Assembly that affect real estate and our industry, many were technical edits.  

 

There are several bills that will affect Property Management with regards to the Virginia Residential Landlord / Tenant Act. You can locate a summary of all the bills through Virginia REALTOR®'s link by clicking here.  

 

Virginia REALTOR®'s General Counsel, Laura Farley, has also produced two Facebook videos to highlight most of the bills. Click here for New Laws  video part 1 (about 20 minutes) and for New Laws video part 2 (about 16 minutes).

 

The General Assembly did amend the Residential Property Disclosure Act, resulting in one minor change to the Summary of Rights & Obligations form, effective July 1st.

 

Purchasers should be aware that in providing a disclosure statement:

(a) The owner is making no representations or warranties as to the condition of the real property or any improvements thereon, or with regard to any covenants and restrictions, or any conveyance of mineral rights, as may be recorded among the land records affecting the real property or any improvements thereon. Purchasers should exercise whatever due diligence they deem necessary, including obtaining a home inspection, as defined in § 54.1-500, a mold assessment conducted by a business that follows the guidelines provided by the U.S. Environmental Protection Agency, and a residential building energy analysis as defined in § 54.1-1144, in accordance with the terms and conditions as may be contained in the real estate purchase contract. 

 

Virginia REALTORS® encourages all REALTORS® to make sure your real estate license requirements, continuing education and fees are current so you can continue to do business after Virginia rescinds the COVID-19 Executive Orders effective July 31st. 

 

Early in the pandemic, DPOR announced that it was extending deadlines and temporarily waiving regulations during the declared state of emergency. As Virginia begins to roll back pandemic restrictions, you need to be prepared.  

 

If you have NOT completed your license requirements, this means you will have to take all mandatory CE and pay any late fees associated with failing to renew your license on time. If you wait until the end of the state of emergency, you may encounter a delay at DPOR - as DPOR will likely be facing a significant number of renewal applications. VAR cautions that "it is unlikely that licensees can operate while waiting for DPOR to work through the backlog that may come from people waiting." 

 

The crack of the bat, the cheering fans, the smell of popcorn and hot dogs...What's more American than summer and baseball?!

 

Don't miss our next Family Fun Night with the Salem Red Sox on Thursday, August 5th!

 

Join us for a picnic under the Left Field Pavilion then stay and cheer on your Salem Red Sox! It's also 'Thirsty Thursday' so bring your appetite and thirst!

 

To purchase tickets click here. We will see you (in person!) at the ballpark!  

 

The 2021 RVAR Golf Classic returns to Roanoke Country Club on Friday, September 10th. Tournament Day will start with check-in and a box lunch at 11:00am and a shotgun start at 12 noon.  

Roanoke Country Club has done an outstanding job hosting our event and we're excited to return. Plus, it's a great way to start your weekend!

The price for this year's event will be $300.00 per team/$75.00 per player. The cost will include lunch, range balls, golf round, a Mulligan package (including one (1) each of a Mulligan, Red Tee & Grenade Lob) and a post play reception with great prizes.

Start putting your team together today! Come and play for $1,000.00 in CASH prizes (plus some braggin' rights) to the top two Net and Gross scoring teams. We will also have a Hole In One contest for a chance to win $20,000.00!

Registration begins June 30th!!  

Don't let your time run out . . . on this NAR requirement!

 

NAR requires all REALTORS® to complete 3 hours of REALTOR® Code of Ethics training every three years. The current cycle will end December 31, 2021. Failure to meet NAR's requirement is a violation of NAR's membership requirements and will result in suspension of membership until the requirement is met or until membership is ultimately terminated.

 

If you have already completed the REALTOR® Code of Ethics training for your license renewal, just send a copy of the certificate of completion to Susan@rvar.com. If you joined within the last 6 months and have not yet attended New Member Orientation, you will receive ethics training credit at Orientation.  

 

You can go to NAR's website to take this class! NAR provides two options - one option provides CE credit ($29.95 cost) or the other option is free, meets NAR's requirements, but provides no CE credit. Click here to access NAR's ethics training options.  

 

VAR CONVENTION: Join VAR in Richmond this September 21st-23rd for Centennial 2021: the Virginia REALTORS® Annual Convention. From CE to networking to celebrating VAR's centennial anniversary - this year's Convention will be an event like no other. Hotel rooms are filling up quickly, so sign up now. Click here to register, plus the line up of speakers.

 

NAR CONVENTION: San Diego will host NAR's "Rise & Shine" Convention, November 12th-15th. Combine learning and networking with top real estate professionals from across the country. Plus 250 exhibitors with the latest innovations and products. Click here to register (including a virtual attendance option), and for more information.

Under the long-established policy of the Roanoke Valley Association of REALTORS®, the Virginia REALTORS® and the National Association of REALTORS®:

 

1.The broker's compensation for services rendered in respect to any listing is solely a matter of negotiation between the broker and his or her client, and is not fixed, controlled, recommended or maintained by any persons not a party to the listing agreement.

 

2. The compensation paid by a listing broker to a cooperating broker in respect to any listing is established by the listing broker and is not fixed, controlled, recommended or maintained by any persons other than the listing broker. 

 

 

This course offers the most up-to-date Virginia law changes and Virginia Real Estate Board regulations.  CE Approved = 8 hours Legal Updates with Flood Content; PL Approved = 6 hours Real Estate Law & Board Regulations. Click here to register.

 

 

Students will learn proven strategies for lead generation for Sellers, plus tips for listing presentations and marketing listings. PL Approved = 2 hours Current Industry Issues / Trends.  Click here to register. 

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