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HOLIDAY SOCIAL

 

Holiday Breakfast Social December 7, 2016

The WAAR Social Committee invites you to their Holiday Breakfast Social on Wednesday, December 7, 2016 at Opus 9 in New Town; 8:00 – 10:00 a.m. Come by, network and enjoy a great breakfast buffet with your fellow Realtors! No RSVP necessary, just come and enjoy!

 

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What's Happening At WAAR

Links to Hurricane Florence Resources

Hurricane Florence has the potential to impact hundreds of thousands of homes and commercial buildings. According to estimates, some 750,000 U.S. homes are at risk of coastal storm surge, and up to $170 billion in property damage is possible across the Carolinas and Virginia. NAR has compiled links that can be helpful to you and your customers preparing for and responding to the aftermath of the storm. NAR is also calling on Congress to pass long-term reauthorization and reform of federal flood insurance, which is critical for healthy property markets throughout the country.

To donate to the REALTORS Relief Foundation to help victims of the storm damage, visit: https://www.nar.realtor/about-nar/grants-and-funding/realtors-relief-foundation/donate-to-rrf.  

Education Changes Go Into Effect 1/1/2019

The following changes were accepted by the Real Estate Board by the VREB Education Committee on July 12, 2018: 

Post License Education

 There will be a two-hour real estate finance class added to the mandatory classes.  The total hours required remains at 30 hours.  The Real Estate Law and Regulations category will be reduced from eight to six hours.  The following will be the required curriculum effective 1/1/19.

  • Fair Housing, ADA and Civil Rights (two hours)
  • Real Estate Law and Regulations (six hours) effective 1/1/19.
  • Ethics and Standards of Conduct (three hours)
  • Current Industry Issues and Trends (two hours)
  • Agency Law (three hours)
  • Contract Writing (six hours)
  • Risk Management (three hours)
  • Escrow Requirements (three hours)
  • Real Estate Finance (two hours) effective 1/1/19

How does this affect new licensees whose license expires after 1/1/19?

  1. If they have completed their 30 hours of education prior to December 31, 2018, their education requirements will be considered complete.
  2. If they have not completed their 30 hours of education prior to December 31, 2018, they will need to take an approved real estate finance class to complete their education requirements.

Broker Management/Supervision Education

Of the eight hours of broker management/supervision education, a two-hour class specific to the broker supervision requirements under Virginia and Board regulations will be required.

How does this affect licensees whose license expires after 1/1/19?

  1. If they have completed their 8 hours of broker management/supervision education prior to December 31, 2018, their education requirements in this category will be considered complete.
  2. If they have not completed their 8 hours of broker management/supervision education prior to December 31, 2018, they will need to take an approved 2-hour class on the regulations to complete their education requirements.


Thanks to our 2018 WAAR Affiliate Marketing Partners!

Please consider our affiliate partners when doing business in 2018. They are:

PLATINUM PARTNERS:

SILVER PARTNERS:

ENTRY LEVEL PARTNERS:

Frequently Asked Questions re: MLS CoOp

We have created a FAQ containing answers to the most frequently asked questions about the conversion.  The FAQ is available on the flexmls dashboard, on the Association website and will be distributed via the regular publications.  The FAQ will be a living document and will be updated as questions are received.  CLICK HERE for the latest FAQ.

Holiday Closing-Memorial Day

The Executive Offices of the Williamsburg Area Association of REALTORS® and the Williamsburg Multiple Listing Service will be closed on Monday, May 29th in observance of Memorial Day.

 

Flood Hazard Insurance License Renewal Requirement

Flood Hazard Insurance Information and

Real Estate License Renewal

 

CE license renewals– Effective January 1, 2016

For real estate license renewals after January 1, 2016, salespersons are required to take a one hour Legal Update class that contains the mandatory flood insurance information in order for their real estate license to renew.

This new one hour Legal Update class that includes flood insurance information is required even if you have already taken the one hour Legal Update class that is currently being offered (without flood insurance information).

PL requirements –

The flood insurance information is being incorporated into the current Real Estate Law and Board Regulations class. No additional class is required for you to meet the first year’s 30 hours PL credit requirement. If you have already taken the Real Estate Law and Board Regulations class, you do not have to take it again in order to meet this requirement.