The Source: October 2023

 
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Welcome to The Source

The Source, a brand-new, cutting-edge newsletter produced by NVAR, immerses readers through captivating video content, expert insights, and scenarios. Elevate your industry expertise by checking back each month for engaging multimedia and invaluable professional advice.

The Source is your inside scoop on legal, governmental, and ethical developments in the real estate industry.

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This Month's Headlines

The Code of Ethics in Action: All About Article 16

REALTORS® shall not engage in any practice or take any action inconsistent with exclusive representation or exclusive brokerage relationship agreements that other REALTORS® have with clients.

Developments in Affordable Housing

In Case You Missed It

Since Arlington County’s Missing Middle plan passed in March 2023 and went into effect in July, Arlington County has issued several Missing Middle permits with another few dozen pending.

As the leading voice of Northern Virginia’s residential real estate, the Northern Virginia Association of REALTORS®, in collaboration with George Mason University’s Center for Regional Analysis, held a virtual briefing discussing this issue.

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Hot Off The Press

Policy Points is an in-depth look at key public policy positions and issues impacting businesses, communities and the real estate industry in Northern Virginia and beyond. In this edition NVAR Senior Director of Government Affairs Josh Veverka sits down with Councilwoman Alyia Gaskins to discuss Alexandria’s proposed Zoning for Housing package, which attempts to modify various zoning ordinance provisions to add to the supply of housing and affordable housing in the City.

Timeline of the Broker Compensation Dispute

The debate over commission has been ongoing since the rise of multiple listing services in the late 1800s, to the birth of buyer agency in the early 20th century, and all the way through today, where NAR's cooperation policies are being challenged in court. Review the history of commissions, and see where the real estate industry stands today with the impending class action lawsuits.

Issues, Trends and Reports

NVAR Professional Services enhances the level of industry professionalism through education and the Realtor® Code of Ethics and formal complaint process. Here are the ways you can handle a dispute with a member.

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From properly vetting prospective clients to keeping an eye out for red flags, there are practical steps you can take in protecting yourself from and your client from potential fraud.

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That is over 10,000 registered voters. Imagine the possibilities if all Realtors® went to the polls on or before November 7 and voted for our Realtor® Party Champions! 

That is what we are asking you to do. Get out the vote!

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