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Real Estate Notes

The Northern Virginia Association of Realtors recently inducted Pat Lawless into the 2003 Hall of Fame at its Appreciation and Recognition Program and Installation Ceremony of the 2004 Officers and Directors at the Reston Hyatt.

Lawless, CRB, GRI, is a manager at Long & Foster's Centreville office. She has been an NVAR member for more than 20 years, and has served on numerous committees and NVAR's Board of Directors. In 1996, she served as Chairman of the Board.

Lawless is a tireless volunteer not only for NVAR, but also for the Centreville community. In 1993, she was named a Lady Fairfax Honoree by Supervisor Michael Frey. She also supports the Centreville Community Foundation, is politically active as a member of the Fairfax County Economic Advisory Commission, is a strong advocate for the Code of Ethics, and sets high standards for professional development for herself and fellow Realtors.

The Long & Foster Companies reported that 2003 sales reached a historical high of more than $43 billion in annual sales volume — $43,434,600,404 to be exact — compared to $32,946,805,081 the previous year, which was also a record for the company. Overall sales increased 32 percent year-over-year.

All of The Long & Foster Companies reported all-time company record sales for 2003. The numbers include: Long & Foster Real Estate Inc., with sales of $29.7 billion on 109,990 properties sold, up 29 percent over 2002; Prosperity Mortgage, the firm's mortgage affiliate, $3.9 billion in volume of business, up 30 percent; Long & Foster Insurance, $2.6 billion in volume of business, up 9 percent; and Mid-States Title, $7.3 billion in volume of business, up 60 percent.

The top three Long & Foster sales offices in Northern Virginia for the year, and based on sales volume, were: Burke Fairfax Station/Clifton ($662,587,615); Fair Oaks ($611,874,789); and McLean ($602,625,055).

Long & Foster Real Estate is sponsoring its $150,000 Scholarship Program for well-rounded graduating high school seniors entering an accredited four-year college or university. The Long & Foster Scholarship Program will award $1,000 to each of 150 worthy recipients throughout the seven-state region for the 2004-2005 academic year. The monetary scholarship award will be made payable directly to the college or university in the student’s name. The deadline for applying is March 1, 2004, and the scholarships will be awarded beginning May 3, 2004. More than 1,200 applicants vied for the 125 scholarships in 2003. The scholarship was increased to $150,000 for the 2004–2005 academic year. Eligible high school seniors must have at least a 3.0 GPA on a 4.0 scale, demonstrate financial need, indicate positions of leadership they held while a student, and describe in which school groups they have been involved, community organizations in which they have served, and whether they have held a part-time job while in school, to be considered well-rounded applicants.

Applications can be obtained from any of Long & Foster’s offices, from high school guidance counselors, or via Long & Foster’s Web Site at www.longandfoster.com/scholarship. Also check the Long & Foster Web site for a list of service areas where applicants must reside to be eligible for the scholarship program.

A hard copy of the application and the required attachments must be mailed to Long & Foster Corporate Headquarters at the following address: Long & Foster Scholarship Program, c/o Corporate Marketing Department, Long & Foster Real Estate, Inc., 11351 Random Hills Road, Fairfax, VA 22030-6082, Attn: Colleen Park by March 1, 2004.