Septic Waivers

Septic Waivers

Among the changes to the NVAR Residential Sales contract is a change to provision 12 – Utilities, Water, Sewage, Heating and Central Air Conditioning.  Specifically, the following language was added: “Septic Waiver Disclosure provided by Seller (if applicable) per VA Code section 32.1-164 1:1. State Board of Health septic system waivers are not transferrable.

Important Notice Regarding Email Wire Fraud Schemes

Important Notice Regarding Email Wire Fraud Schemes

Several attempts have been made recently in the real estate industry to divert funds from both
Buyers and Sellers during the closing process. The fraudulent schemes typically involve the hacking of public domain email accounts (e.g. Gmail, Hotmail, Yahoo, AOL etc.) and/or the creation of a similar named account through which the perpetrator creates a separate thread of communication.

Split Closings: Believe Nothing Of What You Hear And Only Half Of What You See

An article, written by Kathy Orton, recently appeared in the Washington Post entitled, “Split
Closings: A worthwhile convenience or a costly delay?” This, of course, caught my eye and what I read proved to be riddled with inaccuracies and misunderstandings involving split closings. In this article, I want to dispel these inaccuracies and misunderstandings.

Advertising by Licensees

Advertising by Licensees

Real Estate Board Regulation (18 VAC 13520190) prescribes the required disclosures for advertising by licensees. “Advertising” is broadly defined as “ALL forms of representation, promotion and solicitation
disseminated in ANY manner and by ANY means of communication to consumers for ANY purpose related to licensed real estate activity.”