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January 25, 2024

The Voice for Real Estate in

Virginia's Greater Roanoke Valley

Hello Louann,

You are receiving this online eNewsletter as a benefit of being a member of the Roanoke Valley Association of REALTORS®. 

What's in this Issue...


  • Home Sales Statistics
  • Forms Revisions Coming January 30
  • MLS Listing Exclusion Form Revised
  • MLS Snapshot of MLS "Listing Check" Reports
  • 2024 REALTOR®️ & Affiliate Night
  • Family Fun Night/Rail Yard Dawgs
  • RVAR Wins RPAC Triple Crown
  • NAR - Virtual Tax Summit
  • RVAR - A Decade or Two Ago
  • Upcoming Education
  • Sympathy/Congratulations
  • Upcoming Events
  • Our 2023 Partner/Sponsors

MEMBER TYPE / COUNT

REALTOR®    1421

Offices       156

Affiliate      265



Roanoke Valley MLS


MLS Firms     268

MLS Members  1812

Read More

Homes Sales for December

Forms Revisions Coming January 30th  

 

RVAR will roll out revisions to the following forms on Tuesday, January 30th. The revised forms will be available in the RVAR library in zipForms and SkySlope on January 30th.


  • Purchase Agreement (both Residential and Lot/Land)
  • Exclusive Right to Represent Buyer Agreement
  • Non-Exclusive Right to Represent Buyer Agreement

 

Click on the links below to the 3 training videos on RVAR’s YouTube channel. Special thanks to Kit Hale, a member of RVAR’s Standard Forms Committee, for recording the videos.


January 2024 Revisions to the RVAR Purchase Agreement (youtube.com)


January 2024 Revisions to the RVAR Exclusive Right to Represent Buyer Agreement (youtube.com)


January 2024 Revisions to the RVAR Non-Exclusive Right to Represent Buyer Agreement (youtube.com)

MLS Listing Exclusion Form Revised



The MLS will also roll out revisions to the MLS Listing Exclusion Form on Tuesday, January 30th. The MLS rules related to listings excluded from the MLS by authorization of the Seller have not changed. The form has been revised to better inform the Seller that (1) an excluded listing will not be publicly marketed to most MLS agents and their clients and (2) an excluded listing cannot be publicly marketed by the listing agent and/or Seller.


According to NAR, the following public marketing is prohibited: yard signs, flyers displayed in windows, digital marketing on public facing websites including IDX displays, email blasts and private Facebook groups (with members from two or more brokerages.)

MLS Snapshot of MLS "Listing Check" Reports


During 2023, 381 “Listing Check” messages were sent through FlexMLS to Listing Agents and Listing Brokers. The MLS Monitoring Committee encourages you to review the most common issues reported:



  • 141 = Wrong data (wrong area, schools, acreage, style, mapping, attached vs. detached)
  • 46 = Missing data (Owner’s legal name, Other See Remarks with no explanation in Remarks)
  • 38 = Wrong square footage
  • 32 = Photos (missing front photo, LA sign in photo, photos not accurate portray of property) 

2024 REALTOR®️ & Affiliate Night


The 2024 REALTOR®️ & Affiliate Night is scheduled for Tuesday, April 16 from 5pm-7pm at the Roanoke Country Club! The Affiliate Committee is very excited about our ‘Black & White’ theme this year! How do you think our Affiliates will present their booths? All black, all white, black and white photos, use a black & white movie as a theme, the history of the Oreo cookie, or will they make it a formal affair? We can't wait to see!


Tickets go on sale February 13! Don't miss it!

RVAR's Family Fun Night on the Ice


Join us for a night of fun and fast-paced hockey with the Roanoke Rail Yard Dawgs on Friday, February 9th.  


Tickets are $18 for adults and $12 for children (under 12) and include admission and a meal voucher to be used at the concession area.  


Order as many tickets as you would like - bring your family & friends for a fun, exciting evening at the Berglund Center!! The puck drops against the Macon Mayhem at 7:05PM.


These will be pre-purchase only tickets and must be ordered by 2:00PM Monday, February 5th. Tickets can be picked up at the "Will Call" window on game day.


Click here to purchase your tickets!

 


RVAR Wins RPAC Triple Crown for 2023 RPAC Success!



A huge “Thank you” to the 565 REALTORS®, Affiliates and RVAR staff who contributed to the 2023 REALTORS® Political Action Committee (RPAC) fundraising campaign! For the ninth year in a row, RVAR has achieved the Triple Crown Award for exceeding all its RPAC goals set by Virginia REALTORS®. RVAR raised over $52,000, including contributions from 25 Major Investors (contributions of $1,000 or more.)


NAR’s Center for Financial Wellness: Virtual Tax Summit


NAR’s Center for Financial Wellness is offering a four-part series in February. The series is tailored for REALTORS®, providing crucial insights to maneuver the evolving tax landscape for the 2023 filing year. Learn from a tax strategist about the tips needed to save time and money.

  • A registration fee of $50 will give you access to all four Zoom sessions:
  • SMART From the Start – Accounting & Tax Tips (February 7th, 1-2PM)
  • 2023/24 Tax Update – REALTOR® Edition (February 14th, 1-2PM)
  • Advanced Tax Strategies for Agents (February 21st, 1-2PM)
  • Tax Advantages for Agents Investing in Real Estate (February 28th, 1-2PM)


Click here to register.


RVAR: A Decade or Two Ago



Take a look back a decade or two ago at what was happening in the Association and area real estate market.


2004

  • Beth Wilson served as RVAR’s 2004 President.
  • 2004 began with 1,238 REALTORS®, 120 firms and 204 Affiliate members.
  • The total number of residential listings in the MLS in January, 2004 was 1,925. Homes sold through the MLS in 2004 totaled 5,393, with an average price of $179,883.
  • Tom Wilson was named RVAR’s 2004 REALTOR® of the Year.
  • Homestead Settlement was named RVAR’s Affiliate of the Year.
  • NAR’s membership reached one million members.


 2014

  • Donna Greer served as RVAR’s 2014 President.
  • 2014 began with 1,045 REALTORS®, 136 firms and 175 Affiliate members.
  • The total number of residential listings in the MLS in January, 2014 was 2,784. Homes sold through the MLS in 2014 totaled 4,084, with an average price of $193,815.
  • FlexMLS released its mobile app.
  • RVAR stopped printing its standard forms.
  • Betty Kingery was named RVAR’s 2014 REALTOR® of the Year.
  • Mary Dykstra was named the Virginia REALTORS® 2014 REALTOR® of the Year.
  • Jerry Cohen was awarded the 2014 Good Neighbor Award.
  • Tessa Rider, Freedom First Credit Union, was named Individual Affiliate of the Year.
  • Atlantic Bay Mortgage was named Affiliate Company of the Year.

Upcoming Education

 

Virginia Housing Training – Limit Increases, New Expanded Limits & More Workshop: Join Virginia Housing instructor Frank Webster to learn about changes to their programs which will help both first time and repeat homebuyers! Income limits have been increased significantly. Sales price limits have been eliminated for non-bond loans and increased significantly for bond loans. Learn about ‘no money down’ and closing cost assistance for your qualified buyers.

 

Click here to register for this class on Wednesday, March 20th, 11:00AM-12:30PM. This class provides two options to attend (1) attend class in person (limit of 40) or (2) attend via Zoom. Once training is complete, you will qualify to join Virginia Housing’s Real Estate Connection program.




Virtual GRI Classes: RVAR is partnering again with Virginia REALTORS® to offer virtual GRI classes throughout 2024. Each class is offered in two half-day sessions. Below are the classes offered through April, 2024. Click here for more information about the GRI program and to register for GRI classes.

 

 

GRI 504 Working with Buyers

February 6th 9AM-12:30PM

February 7th 9AM-12:30PM

Instructor: Tim Vohar

 

Students will learn the categories of active buyers, techniques for lead generation, components of the home showing process and negotiation strategies. The class will also review the mortgage process and financing options, including options for first time buyers. CE Approved = 6 hours Real Estate Related; PL Approved = 2 hours Real Estate Finance.

 

GRI 505 Working with Sellers

February 27th 9AM-12:30PM

February 28th 9AM-12:30PM

Instructor: Nancy Pav

 

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.



 

GRI 502 Sales Contracts

March 13th 9AM-12:30PM

March 14th 9AM-12:30PM

Instructor: Michael Guthrie

 

Students will receive guidance and tactical skills for writing and presenting a variety of real estate agreements, such as disclosure forms and sales contracts, including contingencies. CE Approved = 6 hours Real Estate Contracts; PL Approved = 6 hours Contract Writing. 



GRI 507 Ethics & Professional Responsibility

April 4th 9AM-12:30PM

April 5th 9AM-12:30PM

Instructor: Donna Austin

 

This course will clarify how the Code of Ethics helps your business and the reputation of all REALTORS®. Case studies will provide a hands-on opportunity for learning how to apply the Code in business every day. CE Approved = 4 hours Ethics and 2 hours Fair Housing; PL Approved = 3 hours Ethics & Standards of Conduct and 2 hours Fair Housing.

 

 

 

Sympathy

 

RVAR offers condolences to Dinah Moser of Long & Foster, REALTORS® upon the death of her husband; to Anna Minnis of RE/MAX All Stars upon the death of her son; and to Kathy Chandler of MKB, REALTORS® upon the death of her mother.



 

Congratulations

 

Congratulations to Tammy Shepherd of Shepherd Realty upon her appointment to serve on the Roanoke County Board of Supervisors to fill the vacancy in the Vinton Magisterial District.

 

Share Your News with RVAR

Upcoming Events

February 9th

Family Fun Night

March 20th

Virginia Housing Class

April 16th

REALTOR®️ & Affiliate Night

2023 Platinum Level Partner/Sponsor

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Acquisition Title & Settlement Agency, Inc.

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ALCOVA Mortgage 

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American National Bank and Trust 

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Atlantic Bay Mortgage Group

Freedom First Federal

Credit Union

Guaranteed Rate

Guild Mortgage

Member One Federal Credit Union

Movement Mortgage, LLC

SWBC Mortgage

Union Home Mortgage

Virginia Title Center, LLC

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Virginia Varsity Transfer & Self Storage

2023 Diamond Level

Colonial Title & Settlement Agency, LLC

TRUIST

Virginia Mountain Mortgage

2023 Gold Level

Bank of the James  

Bill Meador Insurance

Carter Bank & Trust

Consolidated Construction Services, Inc.

CRS Data

First Bank

First Choice Title & Settlement

First Citzens Bank

Pillar to Post Home Inspectors

Priority Title & Settlement, LLC

2023 Silver Level

Bailey Insurance Group  

CALVERT Home Inspection, LLC

Cinch Homes Services/HMS  

CrawlSpace Care

Embrace Home Loans

OVM Financial

Seal-Tite Basement Waterproofing Co. 

Virginia Housing 

VIA Insurance Agency, LLC  

Roanoke Valley

Association of REALTORS®

Get In Touch

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Contact:

Contactus@rvar.com

ROANOKE VALLEY ASSOCIATION OF REALTORS® | 540.772.0526

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