By Mike Thiel
While the rapid growth of membership has been a boon to the Realtor® organization, it has also presented challenges when it comes to membership obligation awareness. One such challenge has been educating members about the permissible ways to use the term Realtor® in their marketing efforts, especially online. After all, the use of the term Realtor® is a privilege of membership and is subject to the rules established by the National Association of Realtors®’ Board of Directors.
Like many counties across America, Loudoun County, Virginia, is known for its thriving business environment and exceptional quality of life. Yet it faces a housing challenge that could dramatically change the future—and face—of this area.
Over the past several years, Loudoun County’s high-priced real estate market has rapidly exceeded the budgets of the county’s workforce—teachers, law enforcement officers, and retail workers. The average home price climbed from $280,696 in 2000 to $514,787 by the end of 2006.