Archive for the ‘VAR Services’ Topic

The best of Commonwealth Online June 2008

Here are the top five most-clicked links from June’s Commonwealth Online e-newsletter:

  1. $10/gallon gas good for the real estate industry
  2. REALTOR® Tools page at VARealtor.com
  3. VAR’s Convention & Expo 2008
  4. Ethical Considerations in Short Sales webcast
  5. HUD Anti-Flipping rule waiver request form

Maybe you missed these items…

  1. Want to become more efficient and proficient with ZipForm? Attend one of these two webcasts
  2. Be heard on how biosolids affect residential home sales
  3. Check out the REALTOR® Code of Ethics in StraightTalk
  4. Fundamentals of Technology class (CRS 106) in Harrisonburg
  5. Take NAR’s mandatory Code of Ethics training before December 31

Tips on Short Sales, New Economic Development, Help on Helping Sellers

Tips on short sales, getting the VAR publications you need in a click, new economic development in Virginia, and help on helping sellers in Todays market; these are just a few reasons to check out the April edition of Commonwealth Online. Check your mailbox for your customized version or view it online to see it all. Either way, don’t miss this chance to tap into the relevant information you need as your business starts to heat up.

View Commonwealth Online

One million non-English speakers in Virginia and increasing…


Creative Commons License photo credit: kellypuffs

Did you know?  In Virginia, out of the estimated 7.6 million residents, nearly one million speak a language other than English – about 13 percent of the population.

With markets in Virginia changing rapidly to include a multitude of nationalities, REALTORS® sometimes clamber to minimize the risk they take when working with a non-English speaking client while maximizing their ability to get the listing, make the sale, and nurture their relationships with clients.  With the introduction of a new benefit for VAR members, bridging a language barrier is a professional advantage that Virginia REALTORS® have that competitors don’t. 

Interpreters were not always readily available or affordable, but VAR members have a new tool to help them capitalize on the growing international market.  VAR has recently partnered with a Virginia-based company, LLE-Language Services, to provide discounted rates to Virginia REALTORS® for telephonic interpretation and document translation services in over 150 languages.  LLE has been in business since 1979 and is recognized nationally as a leading language services provider to government, business and non-profit organizations.  Their accurate and reliable telephone and face-to-face interpretation as well as document and e-mail translations are provided on a pay-as-you-go basis, making it that much easier for Virginia REALTORS® to accommodate a wider array of clients and customers. Now, VAR members can access LLE’s world-class services at a negotiated low price.

Communication breakdowns cost hundreds of thousands of dollars each year. And it’s not just the language that gets lost. The rapport, loyalty, and the productive business relationship are hard to create and maintain when languages separate the REALTOR® from the client.

Virginia REALTOR® Jo Anne Johnson, managing broker at Westgate Realty Group, Inc. in Falls Church, says most clients who do not speak English are uncomfortable trusting English-speaking REALTORS® – especially with financial information. Agents can’t figure out what houses to show clients if they can’t find out what the clients can and cannot afford to buy.

Having someone involved in a transaction who does speak both English and the clients’ language is handy, but as Sarah Stelmok, an associate broker with Century 21 New Millennium in Fredericksburg, explains, that’s not always the solution, either. Her Spanish-speaking buyers were doing great throughout most of a transaction with the aid of a Spanish-speaking buyer’s agent, but when it came down to presenting the HOA documents, the buyer’s agent wasn’t available, leaving Sarah’s team scrambling to try to find someone fluent in English and Spanish to help the buyers over the hump.

The competition for clients is fierce. Finding your edge is your key to building business, and with a growing segment of the home-buying public speaking another language these days, figuring out how to break that language barrier might not be a bad way to spend a strategy session or two, or at least to minimize risk and keep your non-English speaking client transactions on track.

Information about VAR’s new member service partner, LLE, can be found at www.VARealtor.com/LLE.

Acceptance provisions in purchase agreements

VAR Standard Forms are expertly crafted and time-tested to best serve REALTOR® needs throughout the Commonwealth. They are protection for your business. Beginning with this issue, we’ve asked our special counsel Lem Marshall to regularly take a close-up look at specific portions of VAR’s Standard Forms.

Acceptance provisions in purchase agreements can cause more angst than warranted, so it’s worth a moment to remind ourselves of a few important things. When a buyer wants to goad a seller to prompt action on an offer, he will sometimes include a provision such as that found in the VAR Form 600 purchase contract:

“This…offer shall remain in effect unless earlier withdrawn until ______. If not accepted by such time, this offer shall be null and void.” The first point to note is that this provision does not obligate the offeror (typically, the buyer) to keep the offer open until the stated date and time. Any offer may be withdrawn at any time until it is accepted. Second, if the stated date and time arrive with no acceptance having occurred, the offeree has nothing to accept, and the offeror who wants to keep the deal open will need to reauthorize the offer, usually by changing the effective date and time or re-executing the contract.

In some parts of the state it’s becoming common for buyers to add, after acceptance language like that set out above, the words “at the option of the buyer.” I guess this means that the offer dies at a certain time and date if the buyer decides it does. But how does the buyer manifest this intent? How does seller know if the offer is still there to accept? Nothing but confusion and ambiguity can arise from such language, and I hope brokers will educate their agents about the danger of such provisions, and that listing agents will be alert to such silliness. Acceptance provisions can be useful, but we need to remember that once the time comes and goes without acceptance, complications can arise. Unless you’re sure about how to use them, it might be best to leave the offer open.

VAR’s new and improved Commonwealth Online newsletter

This morning, a new and improved Commonwealth Online newsletter should have arrived in your e-mail inbox. As of last month, we have a new layout, features segmented for brokers and rookies, and a lot more content. We’ve stopped sending monthly Rookie Report and Broker Digest e-mail newsletters in favor of this targeting strategy within Commonwealth Online. If you’re a broker, you’ll see both Broker News and Rookie News in the header and have access to both segments of content. If you’re a rookie, you won’t see Broker News.

Virginia REALTORS: if it didn’t arrive, I encourage you to contact your local association to ensure that we have your correct e-mail address on file and check your spam filter. You also may have opted out of VAR e-mails at some point. Feel free to contact me directly at (804) 249-5715 or Ben [at] VARealtor [dot] com if you’d like to get back on the list.

Alternatively, we’ll make it a point to post a link to the newsletter here on VARbuzz each month. Click here for the March 2008 edition. Inside the current edition, you’ll find links to a fascinating debate right here on VARbuzz about single agent dual agency, a story uncovering which three Virginia cities were ranked in two Forbes top 10 lists of the best metropolitan areas in the country to do business in, and a recap of VAR’s 2008 legislative accomplishments.

We’d love to hear your feedback about our new format. Please leave a comment here or contact us offline.

Save time this weekend! Use VAR’s Route Optimizer to find the quickest route between multiple properties

best route driving directions realtorsUpdated: IdealRoute is out of beta, free for anyone to use!

Got listings to show this weekend? Want to show them in the most time-efficient and fuel-efficient way possible? With gas above $3 a gallon and a personal life to tend to, we know you do!

Check out this new mapping service from VAR. We think Virginia REALTORS® are going to love this!

VAR’s new free service computes the most efficient route between three or more properties. Here’s how it works:

  • Go to www.IdealRoute.com
  • Type or paste addresses into the text box below the map one by one, clicking “Add!” after each
  • Click on “Calculate Fastest Roundtrip”

The service automatically computes the optimal route between the properties and gives you complementary turn-by-turn directions to all locations using Google Maps.

There’s a short video tutorial near the bottom of the page that you can watch for more detailed instructions.

A few MLS systems in Virginia already offer a similar service integrated into the MLS, but the majority in Virginia do not. This free service will enable REALTORS® from all around the Commonwealth conserve gas and save time. Just as important to your clients, you’ll never have to return to a neighborhood you were just in because you didn’t realize another listing was just around the corner.

This service is in out of public beta, so but please report any bugs you find. We’d also love to hear your suggestions on what name we should give to this service. And even if you’re not fortunate enough to live in Virginia, this service will work in other states!


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