June went by in a flash and summer is in full swing!  I hope yours is off to a great start.  I began writing this newsletter weeks ago and have had to make many changes through the delay…everything from community events, where to watch fireworks, the National Association of Realtors (NAR) settlement.

Last month the NAR lawsuit had received preliminary approval.  Since that time, Bright MLS, our local Multiple Listing Service (MLS) has been preparing for the changes as a result of the suit.  The changes become effective in mid-August.  Our local association, Northern Virginia Association of Realtors (NVAR), which is responsible for standard forms and contracts in our area, just released the latest versions of the contract.  There have been several emails, discussions, and a lot of training.

Some believe the changes are premature given the status of the suit and some anticipate the result of the suit will drag on beyond August.  Apparently, the Department of Justice (DOJ) has rejected the latest versions of the California Association of Realtors (CAR) forms.  There is also confusion about which spin-off lawsuits align with the NAR settlement.  Meanwhile, a Massachusetts MLS is arguing DOJ’s interference violates free speech.  There is no shortage of drama.

I can attest there has been little change in our practice and means of compensation for buyer representation, so far.  A few small turns in the route have changed but the destination is the same.  Business as usual.  If you are waiting for the dust to settle before buying or selling, don’t.

On another note, I recently met with 123 Junk.  Despite its name, it is a great company providing great service.  They have offered a 10% discount to anyone presenting the coupon below.  If you could use some help parting with items around the home, 123 Junk might be a great resource for you.

If you are still looking for a place to see fireworks, it is not too late!  Check out these links:  Independence Day  |  Celebrations & Fireworks

Wishing you the very best this season as you gather with friends and family, and travel.  I will be back in touch by the end of summer.  Drop me a line in the meantime if I can be a resource for you or just to say hi.