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 Office reopens on May 18th, with guidelines for safety
While the staff at FAAR has been hard at work from home, the easing of restrictions on businesses announced by Virginia Governor Ralph Northam has the staff excited to come back and serve our members in real life. The safety of our staff, our members, and the public...
Digital Marketing
Digital marketing is an everyday necessity, the need for which is only amplified by the COVID-19 pandemic. Last week in our free Tech Time workshop, Chris Muldrow of Fredericksburg Today discussed how you can reach your potential clients through Facebook Ads, Google...
How are American households doing? The Fed has a report for you…
The Fed released a study on the economic well-being of U.S. households, with extra data from April 2020. No surprise that financial circumstances were generally positive in 2019 but that financial conditions changed dramatically for people who experienced job loss or...
How happy are area residents? Very happy!
FAAR Releases 2020 Fredericksburg Area Smart Growth Survey In early 2020, FAAR contracted with the National Association of Realtors® to conduct a survey on growth and development attitudes in the Fredericksburg region. The survey was conducted by the firm American...
Local Real Estate Market Surges Despite Significant Restrictions
While continued governmental restrictions shutter businesses and completely change the way Americans operate in their day-to-day lives, the local real estate market bucked national trends and posted increases in volume, sold price, and units sold. While national news...
Apply for the 2021 FAAR Board of Directors
Would you like to be part of the decision making as FAAR moves into the post COVID-19 new normal? Does a leadership role in FAAR interest you? Are you ready to give back to the REALTOR® community? -Pat Breme, CIPS, RCE CEO If you have answered yes to one or more of...
Get our top tips for keeping your business on track!
FAAR's Education Committee and our Affiliate Marketing Partners have weighed in to give you a set of tips to keep you sane and sailing through this time of upheaval due to COVID-19. Check it out! Looking for more resources? Visit faarmembers.com/coronavirus
Gov. Northam announces a path to reopening
Information about Reopening: Broken down by the Loudon County Chamber of Commerce and shared by the Fredericksburg Regional Chamber of Commerce. Thank you! Governor Northam announced Virginia’s plan to “reopen Virginia” and move into Phase I of the Governor’s...
FAAR Releases 2020 1st Quarter Home Sales Report
How things have changed from January and February! COVID-19 crashed into our market in mid-March and virtually ground life as we know it to a halt, so how did that impact the local real estate industry? The first quarter of 2020 was strong, with increasing volume...
Zoom and Real Estate
Zoom Zoom has become an important part of the real estate digital evolution and our new normal. On Tuesday, April, 28, 2020 Matthew Rathbun walked us through some important tips, tricks, and best practices for digital meetings through Zoom. Check out these great tips...
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.
Useful links from National Association of Realtors® and Virginia Realtors®
- VAR Office Policy Manual template
- VAR Standard Clauses 2012
- Broker News From REALTOR Magazine
- VAR Legal Resources Center
- SLIDESHARE: especially designed for brokers, this tool gives you great ideas for sales meetings and more with timely topics in a concise Power Point format.
- Subscribe to NAR’s E-newsletter for Brokers
- Broker Involvement Program
- How to write a Business Plan
- YOU SAID WHAT? An Antitrust Compliance Brochure
- HUD Listing Broker Application FAQs
- Fair Housing Broker Guide
- Office of Fair Housing and Equal Opportunity
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!