Resources for Brokers
Talking Points for Brokers
NAR & Virginia REALTORS Resource Guide for Brokers
Do you have delayed licenses?
- Report new license applications that have reached 21 days without issuance from DPOR
- Fill out the form below to alert FAAR to the problem
- FAAR will refer information to the Virginia Realtors® for potential action directly with DPOR and for informational purposes
License Hotline
Form for brokers to report delayed licenses
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.
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 www.faarmembers.com/forms
- If an agent is moving offices within FAAR, the agent can login at faarmembers.com/myaccount, click on “Submit Office Transfer”, and follow the prompts. An email will be sent to FAAR’s Membership Department and to the new Broker to approve.
- 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
Applications
- The dues fee schedule can be found at 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.
Request an Office Visit
Broker News
FAAR Back in the Day: Recollections of Past Presidents
Thank you to Arlene Mason for her inspiration to reflect on the impressive history of the Association through the eyes of some of its distinguished leaders. My, how time flies... Pat Breme, RCE, CIPSChief Executive OfficerOrganized originally in 1956, as...
How about a trip to Richmond??
The 2020 Virginia General Assembly session is just around the corner! Join FAAR for a day at the State Capitol meeting with legislators, talking about the Realtor legislative agenda, and advocating for the real estate industry. FAAR will provide transportation from...
Remember mortgage debt forgiveness?? It’s back!
Remember mortgage debt cancellation? And how it was not extended for 2018? Well, it was just included in the big spending package for fiscal year 2020 with a retroactive reauthorization for 2018. If you had clients with a short sale or foreclosure, those folks can...
Congratulations 2019 Award Winners and 2020 Board of Directors
The Fredericksburg Area Association of REALTORS® (FAAR) hosted its annual Changing of the Guard Installation Dinner on December 12, 2019 at the University of Mary Washington’s University Center. Incoming President Drew Fristoe and his leadership team were...
Cooler Weather Can’t Chill the November Real Estate Market
The real estate market posted a strong November with gains in total volume, median price, and units sold and a decrease in days on market. Total sold dollar volume increased nearly 24%, going from approximately $120.3 million in November of 2018 to nearly $148.7...
Update on NAR lawsuit
Below is an update from NAR on the ongoing MLS lawsuit. The litigation is proceeding in Missouri, and we are awaiting a judge's ruling on our motion to dismiss for the case in Illinois. NAR intends to demonstrate to the courts how the MLS system creates competitive,...
Your Local 2020 Virginia REALTORS® Committee Members
Thank you to the following FAAR members for showing such outstanding dedication to the REALTOR® profession. Volunteering at the local and state level is a rewarding commitment. FAAR supports you in your endeavors and wishes you the best of luck in the...
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 question! Opportunity Zones...
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 the desire to...
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 5% more...
Toolkits to use and share
Being a New REALTOR®
Security Features on Social Media
Listing and Presenting
Rookie Checklist
Prospecting Methods
Personal Marketing
Property Marketing
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
More information request for Brokers
What else would you like to see on this page of faarmembers.com?