The WAAR Social Committee invites you to their Holiday Breakfast Social on Wednesday, December 7, 2016 at Opus 9 in New Town; 8:00 – 10:00 a.m. Come by, network and enjoy a great breakfast buffet with your fellow Realtors! No RSVP necessary, just come and enjoy!
ShowingTime to be discontinued
Due to low usage, the ShowingTime app will be deactivated within the next two weeks for all offices. The system will remain in place, however, for those who wish to reactivate upon request. Office pricing for those who reactivate will be $50/month, and agent pricing will be $9/month.
How does the new 20% income deduction work?
Hear two tax pros explain how the new tax reform law impacts your treatment of business income in this video from NAR. Among other things, the law creates a 20% business income deduction that members can take as independent contractors. Income and other limits apply. More info on the Tax Cuts and Jobs Act and what it means for homeowners and REALTORS® is located HERE.
$235k is typical purchase price for recent home buyers
NAR data from the last year show that $235,000 was the (national) median price of homes that people bought. They typically put down 10% and most didn’t have too much trouble getting a mortgage. NAR has an infographic that encapsulates recent findings. You can find this type of data for the Williamsburg Area in our December/year-end home sales report, located HERE.
Thanks to 2018 WAAR Affiliate Marketing Partners!
Please consider our affiliate partners when doing business in 2018. They are:
ENTRY LEVEL PARTNERS:
COMMUNITY EVENT SPONSORS:
We have created a FAQ containing answers to the most frequently asked questions about the conversion. The FAQ is available on the flexmls dashboard, on the Association website and will be distributed via the regular publications. The FAQ will be a living document and will be updated as questions are received. CLICK HERE for the latest FAQ.
The Executive Offices of the Williamsburg Area Association of REALTORS® and the Williamsburg Multiple Listing Service will be closed on Monday, May 29th in observance of Memorial Day.
Flood Hazard Insurance Information and
Real Estate License Renewal
CE license renewals– Effective January 1, 2016
For real estate license renewals after January 1, 2016, salespersons are required to take a one hour Legal Update class that contains the mandatory flood insurance information in order for their real estate license to renew.
This new one hour Legal Update class that includes flood insurance information is required even if you have already taken the one hour Legal Update class that is currently being offered (without flood insurance information).
PL requirements –
The flood insurance information is being incorporated into the current Real Estate Law and Board Regulations class. No additional class is required for you to meet the first year’s 30 hours PL credit requirement. If you have already taken the Real Estate Law and Board Regulations class, you do not have to take it again in order to meet this requirement.