|
New Laws Take Effect July 1st |
A variety of new laws involving the business of real estate went into effect July 1st, thanks to the efforts of the Virginia Association of REALTORS®. Some of the new laws will have a significant impact, while others are more technical. All are designed to make Virginia's REALTORS®' jobs a little easier.
Some of the new laws include:
- REALTORS® are shielded from liability if a public record is inaccurate.
- POA and Condo Disclosure packets must now include the number of owner-occupied vs. rental units in a complex. That ratio is critical to knowing whether a unit is eligible for FHA financing.
- A variety of changes to the Virginia Residential Landlord Tenant Act, including payment of an abandoned security deposit to the Virginia Tax Department at the end of one year, instead of having to hold in the firm's escrow account for seven years.
Click here for more information, including a video summary.
|
|
|
Five Reasons to Love the Roanoke Valley |
A Toronto publication recently published an article entitled "Five Reasons to Love Virginia's Roanoke Valley."
The article cited five things: Wineries, the Blue Ridge Parkway, downtown Roanoke, The Hotel Roanoke and shopping at the City Market and Black Dog Salvage.
According to the article, "Standing on the top of Mill Mountain in the City of Roanoke, one gets a panoramic view of the Blue Ridge Mountains and the calmly flowing Roanoke River." Thank you to the Roanoke Regional Partnership for sharing this article. |
|
|
Who is the Average REALTOR®? |
 | The National Association of REALTORS® recently surveyed over 58,000 REALTORS® to create a profile of the average REALTOR®. Based on the survey results, the average REALTOR® is: - A 57 year old female.
- Has thirteen years of real estate experience.
| - Has been affiliated for the last 7 years with an independent company with an average size of 23 agents and brokers.
- Past clients and customers account for 42% of the average REALTOR®'s business.
- Had 12 transaction sides in 2012 (each transaction has two sides -- a listing side and a selling side.) Of those 12 sides, 1 was typically a foreclosure and 1 a short sale.
- 56% use social media in their real estate business.
- 80% are "very certain" will remain in the real estate business at least two more years.
- For the third year in a row, the difficulty potential clients encounter in obtaining mortgage financing was the most-cited factor in limiting expansion of the average REALTOR®'s client base.
|
|
|
|
<< Start < Prev 51 52 53 54 55 56 57 58 59 60 Next > End >>
|
| Results 175 - 177 of 272 |
