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

Stafford County to consider downzoning on October 29

The Stafford County Board of Supervisors will host a joint public hearing with the Stafford County Planning Commission on Thursday, October 29 at 6:30pm on downzoning.  This meeting will be held at Colonial Forge High School, located at 550 Courthouse Road, to allow...

read more
Congratulations FAAR members appointed to 2021 NAR committees

Congratulations FAAR members appointed to 2021 NAR committees

  Congratulations to these FAAR members Please join us in congratulating the esteemed FAAR members who have been appointed to NAR committees for 2021. As of publication, 76 Virginia REALTORS® have been selected to serve on NAR committees, and several individuals...

read more

More of the Same in the Fredericksburg-area Real Estate Market

The local real estate market continues to experience high transaction volume, low inventory, and rising prices.  As summer faded into early fall, inventory shrunk to just under one month of supply.  A healthy, balanced market is generally considered to have a 6-month...

read more

Rental Assistance and the Eviction Moratorium

Eviction Moratorium What is the current status of evictions in Virginia?  Can landlords evict individuals for non-payment of rent or other lease violations?  The answer is yes, but with qualifications.  While the statewide eviction moratorium has ended, the Centers...

read more

Judge denies motion to dismiss MLS lawsuit

From NAR Legal Counsel, Katie Johnson, regarding the current status of lawsuits pertaining to MLS operation... As we continue to provide updates on the Moehrl v. NAR lawsuit, I wanted to let you know the judge denied our motion to dismiss and the case will proceed to...

read more
Upcoming Safety Webinars

Upcoming Safety Webinars

  From Bright MLS Bright Subscribers! Join us, Friday, September 18, for a free Safety from the Start Webinar with REALTOR® and safety advocate Carl Carter, Jr. of the Beverly Carter Foundation. Carl will share his story and important tips on how to have tough...

read more

No Slow Down in the Fredericksburg-area Real Estate Market

The local real estate market shows no sign of cooling as summer draws to a close.  Total sold dollar volume was up over 30% from last year, coming in at approximately $281.3 million this August compared to $215 million last August.  The region’s median price increased...

read more

Check out the new flood data on realtor.com!

Realtor.com® launched new flood risk data features available on most for-sale properties on the site. What are these features? At an individual property level, realtor.com® will offer insights into Federal Emergency Management Agency (FEMA)-categorized flood zones and...

read more

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

What else would you like to see on this page of faarmembers.com?

Pin It on Pinterest