The Monitor – Virginia Peninsula REALTORS®

National Flood Insurance Program Extension; FEMA Risk Rating 2.0 info from NAR

October 5, 2021 Jim Wetzel

NAR, working with the members of the Insurance Committee, has compiled a comprehensive member information packet on NFIP’s new pricing system, Risk Rating 2.0. The new system began its rollout on October 1st for new NFIP policies and April 1, 2022 for renewal policies. The packet includes a new FEMA-NAR flyer for members to provide to…

REALTOR® Update, The Monitor

2021 General Assembly Special Session Update

August 13, 2021 Jim Wetzel

This week, the Virginia General Assembly wrapped up a special session to allocate approximately $4.3 billion in federal coronavirus relief funds. About $3.5 billion was dedicated to mostly one-time expenses, while $761 million was set aside to hedge against further impacts of the pandemic. The budget took effect on August 10th with Governor Northam’s signature. The…

Property Management, REALTOR® Update, The Legislative Line

THE LEGISLATIVE LINE

March 16, 2021March 16, 2021 Jim Wetzel

Post Session Edition by Susan Gaston, Chief Advocacy Officer The 2021 Special Sessions of the General Assembly Adjourned Sine Die (Latin for “without another day”) on the morning of March 1st. This unique Session found the House of Delegates being completely virtual, with all members of the House conducting legislative business away from Richmond. The…

2020 VPAR Public Policy Year In Review

December 16, 2020 Jim Wetzel

What a year 2020 has been! In these uniquely challenging circumstances, VPAR has remained actively engaged in a robust and effective public policy and advocacy program. Despite the pandemic, and limited access to decision makers, your association has continued its vigilance, its relevance and its success so that private property rights are protected, that a…

REALTOR® Update, The Monitor