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Broker, audit thyself 27 Nov 2012 | 02:23 am
Beginning January 1, 2013, principal and supervising brokers will be required to conduct a self-audit at least once during each firm license term (and sole practitioners at least once during each lice...
VARbuzz: Reasons to hope and fear the coming housing market 16 Nov 2012 | 09:09 pm
Four solid pieces of good news about the housing market — today, and looking ahead. 1. The number of homeowners underwater has dropped below 30 percent for the first time in, well, forever. That’s in...
VAR contributes $10,000 to Hurricane Sandy Relief 14 Nov 2012 | 01:33 am
In the wake of Hurricane Sandy, the Virginia Association of REALTORS® Board of Directors has approved a $10,000 donation to the REALTORS® Relief Foundation to help assist those in areas severely affec...
VARbuzz: Fannie, Freddie both turn big profits 9 Nov 2012 | 07:28 pm
Freddie Mac reported a net income of $2.9 billion in the third quarter, and will pay back $1.8 billion to the Treasury. Fannie Mae reported a net income of $1.8 billion for the third quarter of this ...
VARbuzz: Trulia on the pluses and minuses of Obama’s re-election 9 Nov 2012 | 07:20 pm
Forbes has a column from Trulia’s chief economist, Jed Kolko, “What Obama’s Re-Election Means for Housing.” Interesting reading, but if you’re lazy here are the main points: 1. More opportunities for...
VARbuzz: Eminent domain amendment passes... but be wary 9 Nov 2012 | 12:31 am
It's easy to jump on eminent domain as a black-and-white issue; no one wants the government to be able to seize property just because someone else thinks they can do something better with it. That's w...
Eminent domain amendment passes… but be wary 9 Nov 2012 | 12:01 am
It’s easy to jump on eminent domain as a black-and-white issue; no one wants the government to be able to seize property just because someone else thinks they can do something better with it. That’s w...
VARbuzz: The road ahead: real estate issues going forward 8 Nov 2012 | 09:02 pm
Now that the election is over — you did know we had one of those, right? — depending on who you listen to we’re either in for a nightmare of Biblical proportions, or we’re going to see the dawn of a n...
Virginia Tech to offer real estate bachelor’s degree 6 Nov 2012 | 09:01 pm
Virginia Tech will be offering a bachelor’s degree in real estate starting in 2013. What makes the program unique is that it’s been developed by all six of Tech’s colleges: agriculture & life science...
Short sale? Prepare to pay income tax — unless Congress acts 5 Nov 2012 | 07:36 pm
If a lender reduces a homeowner’s principal — via a short sale or write-down, for example — the homeowner would normally have to pay income tax on the amount. But Congress passed what’s called “mortga...
