Source of Funds: A New Protected Class—July 2020

As of July 1, 2020, there are now 12 protected classes in Virginia fair housing law, including source of funds. It is now illegal to discriminate in the sale or rental of a residential property based on a person’s source of funds. Read this article to find out real-life examples of how this might work in practice.

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Top VREB Violations—Legal Case Study—April 2020

Beware of these most common Real Estate Board violations by licensees. You’ll notice one common theme: escrow funds. Violations involving escrow funds continue to be some of the most frequently violated regulations for real estate licensees. Brokers, make sure you have policies in your office policy manual and provide education to prevent you and your licensees from engaging in any of these common offenses.

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Broker Supervision—Legal Case Study—August 2019

This case highlights the importance of broker supervision regardless of the size of the firm. It is important for brokers to maintain appropriate records, and know the activities of their agents. While this task may seem particularly important when a brokerage firm has multiple salespeople, it is required by the regulations regardless of the size of the firm.

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Property Management Nightmares—Legal Podcast

This week, the Virginia REALTORS® legal team gets spoooooky with stories of property management nightmares! Cate and Jon discuss unauthorized animals, disappearing tenants, and abandoned property. Tune in and listen…if you dare!

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Defaulting Tenants—Legal Podcast

This week, the Virginia REALTORS® legal team continues Property Management Month with a discussion of how to deal with defaulting tenants. Jon and Cate talk about the different ways in which tenants can default under a lease, and how the VRLTA allows you to handle those situations. They talk about failure to pay rent, unauthorized animals, and criminal activities on the property. Finally, they answer some real questions from the Legal Hotline.

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