Born Virginia Labuna in Brooklyn, New York, she was brought to Hollywood in 1919 after being the winner of the Motion Picture Classic magazine's Fame and Fortune Contest.
Between 1920 and 1935, the actress appeared in a fifty films. Her first film credit was the 1921 film Fightin' Mad. Faire was the the leading lady of John Gilbert in Monte Cristo (1922). She was selected as one of the WAMPAS Baby Stars in 1923 and appeared with Wallace and Noah Beery in Stormswept that same year. She is most remembered for her role as Tinker Bell in the 1924 film Peter Pan. In 1926 she had a small role in the Greta Garbo film The Temptress. Faire also appeared in westerns with Hoot Gibson, Buck Jones, John Wayne, and Ken Maynard.