Category Archives: Business Resources

News Alert: Fee Cut by FHA Set to Benefit First-Time Buyers

The Federal Housing Administration made an announcement on Monday, January 9th to cut fees, effectively lowering the financing cost for first-time home buyers. Set to take effect January 27th, the fee cut may alleviate the burden of rising interest rates … Continue reading

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Legal Video: New Forms

On January 1, 2017, Virginia REALTORS® released one new form, Form 670 – New Construction Contract of Purchase. Additionally, 8 forms were updated: Form 400 – Exclusive Authorization to Sell Form 410 – Exclusive Authorization to Sell – Limited Service … Continue reading

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Legal Video: Property Management Escrow Accounts

VAR’s Erin Barton discusses the Virginia Real Estate Board regulations governing property management escrow accounts. Topics covered include account set-up and maintenance, broker responsibility, timelines for deposit, escrow disbursement, and differences between security deposits, application deposits, prepaid rent, and monthly … Continue reading

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