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 $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.

Broker News

FAAR Hosts Meeting on Opportunity Zones

On Thursday, November 14, 2019, FAAR hosted a meeting on Qualified Opportunity Zones (QOZ) at the Germanna Community College Center for Advanced Technology.  So what are Opportunity Zones and why should Realtors® care about them?  Great...

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NAR Releases 2019 Profile of Home Buyers and Sellers

NAR has just released its 2019 Profile of Home Buyers and Sellers.  So why should you check it out?  Because it's chock full of great information like this.... 20% of recent home buyers were veterans 29% of buyers primary reason for purchasing a home was...

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Median house price up $20K across Fred region

The local economy remained healthy throughout the 3rd quarter of 2019.  Unemployment remains very low along with interest rates with no indication of either situation changing in the near future.  Sales continued to grow throughout the FAAR footprint, with...

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Summer Isn’t Over in the Real Estate Market

September proved another active month in the local real estate market with double digit increases in total sold dollar volume and units sold and a modest increase in median price compared to last September.  Total sold dollar volume came in at...

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2020 Board of Directors Election Results

2020 FAAR Leadership Team                        President                   Drew Fristoe, Coldwell Banker Elite, MassaponaxPresident-Elect        Carrie Danko, 1st Choice Better Homes & Land Vice President          Pam Kuper, Century 21 New Millennium...

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FAAR to host Opportunity Zone Meeting

FAAR was able to secure a grant through the National Association of Realtors® to host a meeting on Qualified Opportunity Zones and how our region might best be able to utilize this new tool for redevelopment.  Anyone who works with investors or has an...

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#MemberMonday Meet REALTOR® Carmella Tritt

The Fredericksburg Area Association of REALTORS® Member Spotlight feature allows members of the community to get to know each other before working with each other in a transaction. Each member answers a series of questions to reveal more about themselves as people. ...

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August Market Continues to Sizzle

The summer market continued to sizzle with an active August that posted gains in total volume, median price, and units sold with a large decrease in days on market.  Total sold dollar volume increased nearly 13%, going from approximately $191.2 million in...

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New 2019 Ballot for 2020 Leadership

Please note: The previous ballot went live on September 3, the election was closed down on September 6 because the ascending 2020 president Arlene Mason, resigned from the Board for medical reasons. A new/revised ballot will go live on September 23. The election...

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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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