News

Recent news, business resources and press releases.

Looking for an Affiliate Member?

Our new website has multiple ways of finding an Affiliate member.  You can use the member search located at the top of every page or you can utilize the Affiliate Marketing Partners page under the “Your Association” tab.  FAAR also publishes an annual Affiliate Directory as a digital pdf which you can download here!

 

Realtors® Advocate for New Laws to Protect Private Property Rights

Virginia Realtors® fought for several news laws during the 2017 General Assembly session to protect private property rights that will go into effect on July 1, 2017. Each year, the Realtor® organization advocates for legislation at the General Assembly to support the real estate industry, protect private property rights, and encourage homeownership.

In the 2017 General Assembly session, Realtors® helped enact laws that impact property management. New laws provide for a smoother transition for an existing tenant in the event of a property foreclosure by allowing the property management agreement to continue in place on a month-to-month basis and clarifying to whom the tenant pays their monthly rent. In addition, a new law also allows for an easier process for a property manager to transfer a security deposit to the owner and codifies in statute the common practice of a lease continuing month-to-month after a foreclosure.

In addition, Realtors® advocated for the passage of a new law that prohibits a homeowners’ association from restricting for lease and for signs unless that provision is included in the association’s covenants and restrictions. The new law also prevents an association from requiring a formal power of attorney from a real estate licensee to represent their client before the association. The bill also imposes a fine of up to $1,000 for associations failing to provide the association disclosure packet within the 14-day requirement stipulated by law.

Finally, Virginia Realtors® fought for a law that changes the name of the “red-flag” disclosure statement to the “buyer to beware” statement. This is more representative of what the statement actually is in practice, since the onus is on the buyer to investigate whether the issues raised in the buyer to beware statement are actually applicable to the property in question.
The Fredericksburg Area Association of Realtors® is already working on assembling a packet of issues for consideration in next year’s General Assembly session that will support the real industry and protect private property rights.

FAAR Spearheads Regional Housing Study

FAAR Spearheads Regional Housing Study

After attending NAR’s Midyear Meeting in 2016, FAAR 2016 President Christine Singhass and CEO Pat Breme returned to FAAR energized about the possibility of FAAR seeking a grant to engage even deeper into our local community. Christine and Pat sat through a session about Smart Growth grants and learned about all of the good work that other associations were doing and decided it was time to bring some of that money back to Fredericksburg.

Working with Public Policy Director Kim McClellan, Christine delivered presentations to the George Washington Regional Commission detailing the idea of a housing study for our region. Working with economic development directors, local elected officials, and Fredericksburg’s City Manager, FAAR was able to put together a robust grant application for a $14,500 Smart Growth grant to conduct a comprehensive housing stock assessment of the entire region complete with predictions about the future. FAAR contracted with Dr. Lisa Sturtevant, a researcher formerly with the George Mason University who established her own research firm, to conduct the study.

The study is broken into individual reports for each jurisdiction in the FAAR footprint: covered by the report are the counties of Caroline, King George, Stafford and Spotsylvania and the City of Fredericksburg. The study is currently being finalized and FAAR will deliver each piece to its respective jurisdiction when it’s complete. The goal of this study is to provide the localities with some solid data to guide their future land use decisions. What do we currently have in place? Is it enough to sustain future population growth? Do we have the right mix of housing types to encourage affordability and entice millennials and retiring baby boomers? These are the kinds of questions this study is seeking to answer. Be on the lookout for an official rollout from FAAR sometime this summer!

June 2017 Committee, Task Force, and External Group Reports

2017 is flying by! These committees have been hard at work the last six months to continue to bring you the best services and benefits in the business. See a group that interests you? Learn more about the groups below at faarmembers.com/committees.

Education | Professional Development Committee
The committee has guided the FAAR Academy class schedule, to include a diverse line-up of classes for March is For Members, Summer Lawyer Series, and FAAR EXPO. They will begin planning the 2018 class schedule next month.

Public Policy | RPAC Committee
The Committee has been hard at work engaging on continued sign issues with local elected officials, developing a 2018 Legislative Agenda, and interviewing candidates for the 2018 election cycle.

Communication and Technology Committee
The new FAARmembers.com website will launch in June and will be responsive, ADA accessible, and include an avenue for feedback/improvements to the site. The new RAMCO database will allow members to manage their news preferences and how they receive information.

Awards Committee
There was an organized effort last fall to increase the number of award applications, comments Chair Bonnie Ramey. The marketing push was successful because the number of award applications increased. This year for the spring awards cycle, a record number of Rookie of the Year, as well as Manager of the Year, applications were submitted.

Community Service Committee
This group has had a very busy year, including homeless shelter dinners, Ride Virginia, and clothes for a cause. Be on the look-out for Cereal Drive details coming soon!

Events Committee
Three very successful events have been held so far in 2017 (Bowling Mixer, Bingo and Awards). There are five more events for 2017 so make sure and save the following dates: Renovation Open House July 14th, Family Fun Day July 22nd, FAAR Expo September 13th, Halloween Mixer October 26th, and Installation of 2018 President Kevin McGrath and his Leadership Team December 7th.

Young Professionals Network (YPN)
The Committee has completed their first fund raiser of the year (school supplies at the Bingo Mixer) and are working on the second one, The Annual Pub Crawl. scheduled for October 14th. They are also trying a new networking time on the evening of orientation to get new members involved.

Property Management Working Group
The Committee has held several successful roundtable discussions and one class. The roundtables give property managers a forum to discuss issues they are facing and share best practices.

Commercial
Currently, in the building stages. Contact Barbara Castillo for more information
(bcastillo@faarmembers.com)

Fredericksburg Realtors® Foundation
The Foundation has raised approximately $5,000 so far this year and is working with several charities to submit grant requests for suitable projects. Their biggest fundraising is a golf tournament scheduled for October 13th so mark your calendar!

Town Hall Revamp Task Force
Chair Kevin McGrath and his group have overhauled the meeting format to focus on issues/challenges that agents face in today’s market. A lively discussion will be generated by the audience and a panel of experts. The new format begins with the June 14 event.

Strategic Planning Task Force
The Association will hold a strat planning session in the fall. In preparation, a membership survey and a focus night are planned to determine the concerns/issues of the members that should be part of future planning for FAAR.

Meetup
The Meet Up Networking group is bridging new and experienced members together in a fun, engaging format. Out of the box events include playing Jeopardy, Family Feud or unique networking like tubing the Rappahannock and Scavenger Hunts in downtown Fredericksburg.

Women’s Council of Realtors® (WCR)
The Women’s Council of Fredericksburg has had the pleasure of supporting the following non-profits; Habitat for Humanity, Loisann’s Hope House, The 514 Construction Ministry, Mental Health America-Fredericksburg and the Rappahannock United Way. During monthly meetings, WCR has hosted a photography panel, a home staging showcase, and a regional transportation forum.

Ombudsman | Grievance | Professional Standards
There was one failed effort in the Ombudsman program, The Grievance Committee, chaired by Dave Moberly, reviewed one ethics complaint which was resolved before a hearing. The Committee also reviewed a request for arbitration and a counter request involving the same transaction. Members of the Professional Standards Committee, chaired by Lynn Lenahan, held a hearing and the non-prevailing party requested a procedural review.

Nominating
The group, chaired by Christine Singhass, will review leadership applications this month and after interviews will formulate a slate for September election. The Board of Directors will approve the slate at its July meeting.

Leadership Development Committee (LDC)
Chaired by 2016 President Christine Singhass , LDC is tasked with seeking out and nurturing members to take on leadership role in the Association, The group will identify recruiters, prepare a “why lead” marketing piece, host at least one meet & greet event and look for advice from graduates of the Virginia Leadership Academy.

 

Summer Lawyer Series Kicks off July 11

The FAAR Academy is excited to kick off the Summer Lawyer’s Series on July 11 with an exciting new class from Barry Clark and Ali Lambo Newkirk of RGS Title, E-Communications & Cyber Fraud: Do We Worry Too Much?  Electronic communication has become the preferred method of conducting business in today’s real estate world. E-communication comes with a high level of risk and responsibility for all parties involved in a real estate transaction. As technology evolves, so do the criminals.  What information is at risk? What are the criminals doing with this information? What can a real estate professional do to best protect their clients and themselves? Topics covered in this class include NPI, wire fraud, spoofing, and e-mail best practices. Upon completion of this class, REALTORS® will not only have a greater appreciation for the risks associated with e-communication, but they will hopefully understand the need to implement a more rigorous set of best practices.

Other highlights for the 2017 Summer Lawyers Series include an in depth look at the VAR Purchase Contract with Laura Farley, Vice President of Legal Operations/Deputy General Counsel with the Virginia Realtors on August 15 from 9-12.  Also Michele Freemyers of EKKO Title will be giving 2 great classes: Deconstructing the New Home Contract on July 18 from 9-11, and Distressed Properties August 22 from 9-11.

VDOT Courthouse Road Update

Big changes are coming to Courthouse Road, how will they impact you and your clients?  Review VDOT’s latest project update to be able to educate your clients and yourself about the construction impact and final project improvements.

 

VDOT Courthouse Road project update
Welcome to the New Faarmembers.com!

Welcome to the New Faarmembers.com!

FAAR staff and the technology committee are excited to unveil the new website that has been in the works over the past 6 months.  Launching a new database and website is a massive undertaking for the association and you may notice some of the features of the new website are still under development.  Due to the nature of the database installation taking place June 14-15, you may not see full functionality of the website for a couple of days.  This will primarily affect the following sections of the website: Calendar/Events, Login/My account, Educational/Account History, and Directory.

If you are attempting to register for an upcoming class or event, please check back in a couple days for calendar functionality. In the meantime, please feel free to tell us about any website issues by clicking on “website accessibility” in the footer of this page or via email at webmaster@faarmembers.com.

In anticipation of this installation, staff availability will be limited from June 14 through June 16 due to training. There will be no store sales or Sentrilock transactions during this time.  Please plan accordingly and thank you for your patience!

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