Blog
Updates & Industry News
The real estate industry is competitive! Whether you are a real estate agent, a loan officer or a title company, you are in competition each and every day. This extremely competitive environment invites certain actions or offerings to be made in order to capture more business. Unfortunately, these actions and offerings are not always proper.
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.
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.”
