Resources for Brokers

Broker FAQ

Hanging Licenses
  • Active licensees in a brokerage should be a member of an Association the Broker belongs to
  • If the licensee does not join an association, the Broker will be assessed a non-member salespersons fee.
  • This is a bylaw of NAR
    • Bylaw language can be found at https://www.nar.realtor/about-nar/policies/limited-function-referral-office-lfro-policy
    • “For a REALTOR® (principal) to be exempt from paying size formula dues based on referral licensees, the licenses must be held by an entity separate from the REALTOR®’s brokerage firm, and all referrals must be made to the REALTOR’s brokerage firm on a substantially exclusive basis. The same REALTOR® can be a principal in both firms. An “entity” is a separate, legally recognized business and includes all possible structures for a business permitted under state law.”
  • If a licensee wishes to go on referral status they may, but the Broker must have a separate company for referrals.
Applications
  • Agents must fill out and sign all pages and pertinent information. Brokers must sign page 4 in order for the application to be processed.
  • Please use the application on the FAAR website as that is the most current application form https://faarmembers.wpengine.com/how-to-join/
  • If you are unsure of the amount of dues at the time of application, please call FAAR and we will share the latest cost.
  • No Sentrilock or Bright MLS services can be rendered at the time the application is turned in. There is a 24-72 hour turnaround time for applications.
  • A welcome email will be sent to the agent as soon as the application is processed.  Please have agents read it in its entirety.
Terminations and Transfers
  • When an agent is terminated from your office, please notify Lori Hillard Wehr with the specifics of the agents termination with the agent termination form found at https://faarmembers.wpengine.com/forms/
  • When an agent transfers into your office, please notify Lori Hillard Wehr of the agents transfer with the agent transfer form found at https://faarmembers.wpengine.com/forms/ and $75 payment.
  • If an agent is transferring from another association, they will need to fill out the application form, not the agent transfer form.
  • REALTOR® members must hold a valid license with DPOR. Upon expiration, the FAAR office will notify a member via email within 5 business days of the expiration. On the 10th of the month, if DPOR does not indicate the license is renewed, the FAAR office will terminate all services- association, Sentrilock and Brightmls.
How to print, pay, or email an agents' dues
  • On the faarmembers.com portal, a broker or office designated person can pay agent dues and as part of this process they can also send a message to selected agents and print renewal notices. Start by logging in at faarmembers.com/myaccount.  If you have not updated your information or logged in recently, you might be prompted to review your information before proceeding to the “My Account” page. 
  • View the rest of the instructions here

Broker News

Stats, stats everywhere!

FAAR has so many great sources of real estate data, dive in and see what best fits your needs!  Here is a rundown of what we push out on a regular basis. Granular, jurisdiction level reporting Press release on the region as a whole Infographic on the region with a...

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Have clients who need rent or mortgage assistance?

The FAAR Property Management Committee has delved into some important issues recently including accessing rental assistance on behalf of tenants.  Check out the links below for more information on state administration of the program, what might be coming down the pike...

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2021 is the year to get Realtors Health Insurance!

We’ve come close in the past, but 2021 is the year for us to get the Virginia REALTORS® Health Plan legislation across the finish line. Senator George Barker has introduced SB 1341, and Delegate Chris Hurst has introduced HB 2033 to accomplish this goal. NOW we need...

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Top 3 Reasons to Earn Your GRI

Top 3 Reasons to Earn Your GRI

It doesn’t matter if you’ve been in the business a while or are just starting out. If you’re hungry for more success, it’s time to raise your real estate career to a higher level by earning the most comprehensive real estate designation: Graduate, REALTOR® Institute...

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Fredericksburg-area Real Estate Market Wraps Up a Sizzling Year

“In a year of uncertainty, one thing was certain:  the housing market was hot,” states 2021 FAAR President Carrie Danko.  “In March, as widespread local shutdowns and quarantines were implemented to curb the pandemic, it seemed that the housing industry should prepare...

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Check out the 2021 Virginia Realtors Legislative Agenda

Check out the 2021 Virginia Realtors® Legislative Agenda.  These are the items that your Association will be fighting for in the General Assembly this year. Flood awareness: Creating a flood risk report, compiled by data already available through the Department of...

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Congress passes $900 billion COVID relief bill

Congress just approved a large stimulus package to provide relief from the ongoing COVID-19 pandemic.  Check out the laundry list of items included in the bill.  Update is provided by NAR.  Some notable inclusions:  eviction moratorium extended through January 31,...

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Need November real estate data? Check out the new report!

Like what you see?  Then check out the full report!  FAAR has a great new monthly report provided by the Virginia Realtors® that gives you tons of details to use with clients.  Click the link below to get access to the full report and start using this great resource...

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How hot can the local real estate market get?

Potential buyers in the Fredericksburg-area housing market are asking themselves, how high can it go?  The market posted another sizzling month with dramatic increases in total sold dollar volume and units sold coupled with plummeting days on market. Sold dollar...

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FAAR Installs 2021 Leadership Team

The Fredericksburg Area Association of REALTORS® (FAAR) installed its 2021 Leadership Team in a virtual ceremony on Thursday, December 10, 2020.  Despite the year’s many challenges, the Association under 2020 President Drew Fristoe remained committed to serving the...

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Toolkits to use and share

Being a New REALTOR®

Get on the road to success with tips, ideas, and helpful advice. Learn what other rookies have done to jump-start their careers, find first clients, overcome objections, and discover negotiation strategies.

Security Features on Social Media

Social media has become an integral part of marketing and communications. Get information on concerns with various popular social media sites as well as tips and suggestions to protect your privacy and identity.

Listing and Presenting

Prospective clients have to buy into the idea that you’re up to the challenge. Learn how to tailor your approach to the seller’s comfort zone, pinpoint the perfect price, and answer any objection.

Rookie Checklist

Life as a rookie real estate professional is not easy, but REALTOR® Magazine is here to help.Get answers to common first-timer questions and review the checklists for your first year in real estate and beyond.

Prospecting Methods

Prospecting is the lifeblood of any successful real estate career. The more people you come in contact with, the more listing and sales you can achieve. All it takes is a plan and some persistence.

Personal Marketing

Personal marketing is the process of getting your name out there and convincing people to contact you when they need real estate services. Learn how to plan and execute your personal marketing strategy.

Property Marketing

With all of the many options available to market a single property, it’s hard to know where to begin. Create a marketing plan and determine the best place and tone for your property advertising.

WorkSmart Sales Meeting Kits

 

 

Enhance your next sales meeting — and make sure your agents are up to snuff — with these 10-minute meeting kits.

What’s included?

The kit comes complete with a presentation (including a short video and Q&A), a broker’s guide, and a printable poster for your bulletin board or fridge.Check it out — you have to be logged in — and bookmark it today — and pump up your next meeting with just a few clicks of your mouse.

FAAR Classroom Room Rental

Hey Managing Brokers! Did you know you can use the FAAR classroom for FREE? Each office is entitled to use the classroom to hold their sales meetings up to 2 hours! This benefit can be used up to once per quarter, and it is for in-house meetings and training only. If you require longer rentals, or additional days, our classroom can be rented at low member rates!

More information request for Brokers

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