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

How To Get More Leads To Your Website

Today we talk about how to get your website in front of clients and how to utilize SEO. If you like this episode and are interested in the FAAR YouTube video on writing bios you can check it out here! youtu.be/K-u_oU_zKZg  Welcome   welcome to far louder your...

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Regional Housing Market Starts the Year with a Sprint

The new year began the same way it went out:  with so little supply of homes for the raging demand from homebuyers that even houses in the top price points saw multiple offers, a relatively rare occurrence in the in the last 10 years.  January closed out with a total...

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Citation system tweaked—fines increased

Recently, the Boards of Directors of the Associations in the region (FAAR, PWAR, BBAR, DAAR and GPAR) voted to stiffen the fines of the Citation System. Second and third offense fines have been added. In most instances, the first offensive fine has doubled from $250...

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What You Need To Know About Coming Soon

What You Need To Know About Coming Soon

Check out this doubleheader episode! First, we'll hear a conversation by two agents about the rules for "coming soon" listings. Next, we will learn more about helping your client understand insurance. Coming Soon hey chip um hey listen I saw you got that listing on...

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The 2021 February FAARside Newsletter is ready for you!

The 2021 February FAARside Newsletter is ready for you!

It's here, FAAR members! Your copy of the February Newsletter, the FAARside is ready for your review! Crack open a copy to learn about what's going on at the Association including a letter from the President, 2020 accomplishments, and more! This edition includes 2021...

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How is the GRI different from other designations?

How is the GRI different from other designations?

  Of all the residential real estate designations offered through the National Association of REALTORS®, the Graduate, REALTOR® Institute (GRI) is the most comprehensive, providing a broader scope and depth of training. Designees must complete a minimum of 60...

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FAAR 2020 housing market one of hottest in state

Check out the 4th quarter home sales report produced by the Virginia Realtors® for the FAAR footprint.  The 4th quarter did not see the traditional seasonal slowing that we expect to see as the year winds down.  Consumer demand was very strong in the last 3 months of...

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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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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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