On February 4, 2022, the Virginia Bureau of Insurance issued a bulletin regarding so-called "Split Settlements." Your associations are seeking further guidance and clarification on this issue and will provide an update as soon as one is available. This is just a clarification of existing law and will not necessitate any change in the NVAR Residential Sales Contract. In the meantime, here is what you need to know regarding the selection of Settlement Agents and the current state of the law:

Closing out the third full week of session, the Realtor® state legislative agenda is faring well.

The new "From the Ground Up" report enables members to be informed on upcoming projects throughout the NVAR footprint. Information will include, but is not limited to: proposed residential and commercial development projects in the news, rezoning applications and site plan amendments coming before local government, affordable housing project news, announcements of new businesses locating in the region and other economic development news.

1. Fairfax Considers Regulations on Running Bamboo 2. City of Alexandria Revised Noise Ordinance in Effect 3. Fairfax County Housing Symposium [Sponsored by NVAR!] 4. Public Comment Invited as Loudoun Board Refers Three Draft Redistricting Plans for Review 5. Loudoun's development plan is still not working out as planned 6. Arlington County Board Debuts Community Podcast

1. Fairfax County Redistricting Plan Receives Virginia Attorney General's Certification of No Objection 2. Loudoun Supervisors Consider New Affordable Rentals Loan Program 3. Report: Prince William County's housing shortage to persist without policy changes 4. State senator proposes bill limiting local governments’ power over Airbnb and Vrbo rentals 5. Community Input Sought on Fairfax Sign Regulations at Virtual Meetings in January

1. What's on the 2022 REALTORS® State Legislative Agenda? 2. Regional Fair Housing Survey 3. Here’s what Northern Virginia officials want from Richmond 4. Arlington Real Estate Property Values See Modest Increase for 2022 5. Loudoun County Receives $10 Million in Grants for Affordable Housing

With the 2022 Virginia General Assembly convening in session on Wednesday, January 12, please take a look at your 2022 Realtors® State Legislative Agenda!