Last month, the Loudoun County Board of Supervisors (LCBOS) voted to extend a program that authorizes a volunteer sign collection group to remove illegally placed signs within the Commonwealth of Virginia's right-of-ways located in the County. Although the volunteer group has been advised to only collect signs within 5 feet of the pavements edge and or 5 feet from the shoulder, we have received reports from members that signs have been stolen from private property and vehicles.
August 2009 Archives
On August 20, 2009, Freddie Mac confirmed in writing that its servicers are not allowed to renegotiate short sales commissions. According to the policy, as a condition of the servicer's acceptance of a short sale offer, servicers cannot renegotiate the sales commission below the amount agreed to by the real estate broker and the seller/borrower. However, if the negotiated commission exceeds 6 percent, servicers are required to limit it to 6 percent. This Freddie policy is consistent with Fannie Mae's policy. NAR has asked Freddie to establish an appeals process for cases when servicers refuse to comply with Freddie Mac's policy.
During a training session on Tuesday, August 18th for citizens who plan to participate in Loudoun County's sign collection program, County staff reminded volunteers that they are not permitted to pick up temporary signs inside Loudoun's incorporated towns. Last week, the Leesburg Town Council signed off on a letter to the Board of Supervisors asking the county government to remind its volunteers that signs placed along roadways within town limits are hands-off to volunteers of the county's sign removal program.
NAR Develops New Lead Paint Compliance Guide
This compliance guide provides information for REALTORS® and property managers on the Environmental Protection Agency's (EPA) new Renovation, Repair and Painting Rule. The guide describes the new lead-based paint safety practices established by the rule and what steps REALTORS® and property managers need to take to comply with the new procedures. The guide includes a short introduction, two narrated presentations and two sets of frequently asked questions answered by EPA officials and regulatory experts--one video each for REALTORS® and property managers. Please contact NAR's Russell Riggs at 202-383-1259 or rriggs@realtors.org if you have any questions.


