June 20, 2019 

Roanoke Valley Associathion of REALTORS  

   You are receiving this online enewsletter as a benefit of being a member of the Roanoke Valley Association of REALTORS®.
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REALTOR®            1337 Membership Update Logo
Offices                    134
Affiliate                   303

Click here to see which RVAR members have switched firms, gone inactive, or joined recently.
Standard Forms Revisions: Coming July 1ststd 
Revisions to the following RVAR standard forms are slated to 'go live' in zipForms on Monday, July 1st:
Purchase Agreement (similar changes to Lot/Land Purchase Agreement)
  • Review attached 'White Paper' for explanation of all revisions
  • Added Wire Fraud Alert paragraph
  • Expanded definition of Business Days to specify how to calculate Business Days, including when the first Business Day begins
  • Walkthrough changed from a presettlement inspection to a verification, with clarification that those entitled to participate in a presettlement verification be the Purchaser, Selling Agent and original inspector(s)
Inspection Addendum
  • Review attached 'White Paper' for explanation of all revisions
  • Changed definition of defects for the purpose of a home inspection to any of the following: "(1) that the plumbing (including well, well pump and septic system, if any), heating, air conditioning (if any), electrical system and appliances are not in safe working order; (2) that there are structural defects; and (3) that the roof leaks."
  • The Radon Inspection paragraph was changed to default to a Purchaser responsibility
  • Removed the requirement that the Wood Destroying Insect Inspection Report be dated no more than 60 days prior to settlement
Summary of Rights and Obligations of Sellers and Purchasers Under the Virginia Residential Property Disclosure Act
  • Added 'conveyance of mineral rights' as item for which Owner is making no representation
  • Expanded paragraph related to stormwater detention facilities
  • Expanded paragraph related to flood hazard areas
2019 New Lawslaws
July 1st marks the date that most new Virginia laws go into effect. There are two bills of particular interest to mention that will become law:  

*     Delivery of Incomplete POA/COA Packets - Recent conflicting court rulings in Virginia raised the question of whether the delivery of an "incomplete" disclosure packet in a Property Owners Association (POA) or resale certificate in a Condo Owners Association (COA) begins a buyer's ability to cancel the contract within the three-day right of rescission.  This bill clarifies that the delivery of an "incomplete" packet begins the three-day right of rescission.

*     Consumer Protection Act - This Virginia REALTORS®' bill will add unlicensed real estate activity to the Virginia Consumer Protection Act to allow for greater consumer protection against this illegal activity.
Advocacy @ Workadvocacy    
Advocacy @ Work is an article aimed at updating members on what is happening in our region regarding Economic Development and/or Governmental Affairs.
National Flood Insurance Program Extended - Some good news! The House and Senate passed an extension of the NFIP as part of the Disaster Relief bill until September 30th. We have heard from the National Association of REALTORS® Governmental Affairs staff that a lot of work has been taking place to make needed improvements and reforms to the program. This extension will hopefully give Congress the additional time to work out those reforms and improvements, and I will provide updates on future developments. 
I-81 Bill Signing - On Friday, June 7th, Governor Northam held a ceremonial bill signing for two bills pertaining to improvements for I-81 at VDOT's Salem district office.  
One bill is to continue studying needed improvements to I-81 and the other bill will put into place funding mechanisms to help start providing funds for the much-needed improvements to this corridor. These needed improvements will help increase the economic opportunities of this region and the state, and will hopefully increase the safety on this heavily travelled corridor. 
Roanoke County Raises BPOL Tax Threshold -- At the May 28th Roanoke County Board of Supervisor's (BOS) meeting, the Supervisors raised the Business, Professional, and Occupational License (BPOL) tax threshold of annual gross receipts from $125,000 to $135,000. Entities (including real estate agents in Roanoke County) with gross receipts below the new $135,000 threshold will only be levied a $50 fee. This ordinance will take effect July 1, 2019. This is good news for Roanoke County real estate agents. As part of the 2018-2019 budget, the BOS had already increased the threshold from $100,000 to the current $125,000 amount.

Article provided by Joe Sutliff, RVAR Director of Economic & Governmental Affairs. 
Recap from June BOD Meeting may  
Click on the picture above to watch the next installment of President Neil Conner's video recap of what RVAR's Board of Directors accomplished at its June 13th meeting.
May Home Salesfeb    
The 609 homes sold in May represent a 6% increase over April sales and is the highest monthly total of homes sold since June, 2006. A link to the May home sales statistics, including a 4-year comparison, is provided on the front page of RVAR.com. The MLS releases its monthly home sales statistics around the 15th of the following month.     
Family Fun Nightfun
The crack of the bat, the cheering fans, the smell of popcorn and roasted peanuts...What's more American than summer and baseball?!

Don't miss our next Family Fun Night with the Salem Red Sox on Thursday, August 8th!

Join us for a picnic under the Roanoke Times Pavilion then stay and cheer on your Salem Red Sox! It's also 'Bark in the Park Night' so bring your puppy pals for a barking good time!

To purchase tickets click here. We will see you at the ballpark!  
Take a Good Look at Yourself!pic 

Has it been a while since you last updated your professional headshot? We can help! And you can help the REALTOR® Political Action Committee (RPAC) too!

RVAR will be providing professional headshots on Thursday, August 22nd & Friday, August 23rd for a $15 RPAC contribution (a $125 value)! More details will be posted in the July e-newsletter. (BTW, the photo is of RVAR's first President - W.C. Turner, 1921)

Save the Date...REALTOR® After Hourshours 
RVAR is proud to announce our next REALTOR® After Hours will be held at the Olde Salem Brewing Company on Thursday, August 29th - 5:00 'til 7:00. Don't miss our last REALTOR® After Hours of the year and the opportunity to kick off the Labor Day weekend in style!

*Food *Beverages *Networking *
Be a WINNER .... CASH PRIZES! Bring a business card for a chance to win! Drawings for REALTORS® ($100-$50-$25-$25) and Affiliates ($50-$25-$25)
Save the Date...2019 RVAR Golf Classic golf 
The 2019 RVAR Golf Classic will be held on Friday, September 6th. This year's Tournament returns to Roanoke Country Club and is shaping up to be the best yet. Start getting your teams together for this exciting day on the links!

Registration will begin in July!
Notice Regarding Commissions and Compensationnotice 
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.
Upcoming Educationeducation 
Fair Housing - RVAR's Education Committee presents this class in conjunction with the Moseley Dickinson Academy of Real Estate, Thursday, August 15th, 2:00-4:00PM at the RVAR office.
          New members: This class is free - earn 2 hours PL or CE credit.
          Existing members: Pay $10 at the door for 2 hours CE credit.
Click here to register. (Can't make this class? RVAR will offer this class again on November 7th.)
Mark your calendar for upcoming classes:
Annual Legal Update, Thursday, September 26th, 9AM-Noon @ South County Library. Topics will be: Real Estate Laws You Need to Know + Common Legal Hotline Questions and Answers. Counts for: 3 Hours Legal Updates with Flood CE; 2 Hours Broker Management; 2 Hours Current Industry Issues / Trends PL. VR General Counsel Laura Farley will conduct this class. Registration is already open for this class.
Broker CE Day, Friday, October 11th (8:30AM - 4:30PM) with instructor John Dickinson @ RVAR Office.
GRI 503 - Working with Sellers, Wednesday, October 23rd (9AM-4:30PM) with instructor LeRoy Houser.  Click here to register.
GRI 504 - Working with Buyers, Tuesday, October 29th (9AM-4:30PM) with instructor Michael Guthrie. Click here to register.
Our RVAR Family family
RVAR offers condolences to Barry Compton of Red Key Realty upon the death of his father; to Ann Rozier of Century 21 Wampler Realty upon the death of her husband; to Liz Bowles of MKB, REALTORS® upon the death of her father; to Peggy Overstreet of RE/MAX Lakefront Realty upon the death of her father; to Dolores Farmer of BHHS Premier, REALTORS® upon the death of her mother and to Vanessa Moore with Freedom First Credit Union upon the death of her mother.

RVAR congratulates David Radford of Berkshire Hathaway HomeServices Premier, REALTORS® for winning the Roanoke County Board of Supervisors primary election in the Windsor Hills District and to Chris Booth of MKB, REALTORS® for winning the Botetourt County Commissioner of Revenue primary election.      
RVAR congratulates those recently named '2019 Best of' in The Roanoke Times SWVA Living Reader's Choice awards, which included categories for real estate firms and agents. Some of RVAR's Affiliate members were recognized, too!
Overall Best Auctioneer: Silver - Mountain City Realty and Auction, LLC
Overall Best Banking: Gold - Bank of Botetourt; Silver - Member One Credit Union; Bronze - Freedom First Credit Union
Botetourt Best REALTOR®: Gold - Jennifer Ikenberry, RE/MAX All Stars; Silver - Nicole Belcher, Keller Williams Roanoke; Bronze - Anne Huffman, RE/MAX All Stars
Botetourt Best Real Estate Firm: Gold - RE/MAX All Stars; Silver - Keller Williams Roanoke; Bronze - Long & Foster, REALTORS®
Roanoke City Best REALTOR®: Gold - Nicole Belcher, Keller Williams Roanoke; Silver - Norm Pullen, MKB, REALTORS®; Bronze - Callie Dalton, Long & Foster, REALTORS®
Roanoke City Best Real Estate Firm: Gold - Lichtenstein Rowan, REALTORS®; Silver - Long & Foster, REALTORS®; Bronze - Coldwell Banker Townside
Roanoke County Best REALTOR®: Gold - Nicole Belcher, Keller Williams Roanoke; Silver - Lindsey Carroll, Coldwell Banker Townside; Bronze - Amanda Ostrander, MKB, REALTORS®
Roanoke County Best Real Estate Firm: Gold - Lichtenstein Rowan, REALTORS®; Silver - Coldwell Banker Townside; Bronze - Long & Foster, REALTORS®
Roanoke County Best Insurance Agent: Bronze - Bill Meador, Bill Meador Insurance Agency
Salem Best REALTOR®: Gold - Egon Hofmann, Barker Realty Co.; Silver - Kathy Basham, The Real Estate Group; Bronze - Vickie Breedlove, RE/MAX Real Estate One
Salem Best Real Estate Firm: Gold - Barker Realty Co.; Silver - MKB, REALTORS®; Bronze - Wainwright & Co.
Salem Best Insurance Agent: Bronze - Josh Morris, State Farm   

Let RVAR know if you have news to share. 
Upcoming Events Upcoming
July 4th & 5th
RVAR Office Closed for Holiday
August 8th            
Family Fun Night with Salem Red Sox
August 15th
Class: Fair Housing
August 22nd & 23rd
August 29th
REALTOR® After Hours in Salem
September 6th
2019 RVAR Golf Classic
September 17th
Class: Safety
September 26th
Class: Legal Update

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