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://www.faarmembers.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://www.faarmembers.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://www.faarmembers.com/forms/ and $50 payment.
  • If an agent is transferring from another association, they will need to fill out the application form, not the agent transfer form.

Broker News

FAAR Holds Annual Awards and Fundraising Event

Fredericksburg, VA—(April 25, 2018) The Fredericksburg Area Association of REALTORS® (FAAR) held its annual Awards Gala on April 18, 2018 at Stevenson Ridge. Approximately 150 members were in attendance for the festivities, which included an...

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Biennial Ethics Training – Two Year Cycles

REALTOR® Ethics REALTORS® are required to complete ethics training of not less than 2 hours, 30 minutes of instructional time within two-year cycles. Check your ethics date by logging in to your account at faarmembers.com/myaccount and looking in the blue...

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Fee to file an Ethics Complaint? No!

by Pat Breme, RCE, CIPS Chief Executive Officer Let me start off by dispelling a misconception regarding filing an ethics complaint with FAAR. THERE IS NO FEE, however, members must complete a form, attach a narrative detailing the situation and file...

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March Real Estate Market Brings More Gains

Despite cold weather, ice, and snow, buyers and sellers got together in the month of March to produce year-over-year increases in total sold dollar volume, median sold price, and units sold, further contributing to the decline in days on market.  Total...

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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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