Printable Version      Email to a Friend

Back to REALTOR® Connection Archive

February 13, 2007

 

AWARDS APPLICATIONS AVAILABLE
Full details and applications for this year's program may be found by clicking here. The deadline for awards applications is Tuesday, February 20, 2007 at 5 p.m.

 
2006 YEAR IN REVIEW

Extra! Extra!
Read all about it! A comprehensive review of last year's real estate market is now available by clicking here.

 

 

Classes include: Contracts, Maintaining Proper Records, MD Legislative Update, MD Ethics, What Every REALTOR® Should Know About Mortgages, MD Fair Housing, and Real Estate Tax Issues. CLICK HERE TO REGISTER NOW.

 
WOMEN'S COUNCIL OF REALTORS®

MEET & GREET
This Thursday, February 15
5:30 - 8:00 p.m. in the PGCAR Atrium
All are invited, but you must RSVP today!
Details here >>

 
CREDITSMART TRAIN THE TRAINER EVENT

The Maryland Association of REALTORS® Equal Opportunity Committee presents CreditSmart, Train the Trainer, a credit literacy program developed by Freddie Mac. Learn how to educate consumers about maintaining good credit, credit scoring, and money management. Get insight into how lenders assess credit histories. Learn how to explain the role of credit in achieving financial goals, including purchasing a home. The program is designed to increase consumers' financial literacy by enhancing successful life-long money management skills.

Thursday, March 8, 2007
9 a.m. to 3:30 p.m.
PGCAR Association Office
Course materials and lunch will be provided

Cost is $15 to MAR leadership, committee members and guests! Enrollment is limited, so please register early. Not approved for continuing education credit. Reserve your spot by e-mail to kara.ardison@mdrealtor.org or call MAR at 1-800-638-6425. Registration deadline: Monday, February 26, 2007.

 
LET'S SHOW THE WORLD THAT WE C.A.R.E.

Each year, MAR gives a cash prize of $10,000 to the charity of the winning association's choice to recognize their achievements of community service and charitable actions. The award is designed to raise the profile of REALTORS® and the REALTOR® association by focusing on boards that have demonstrated an extraordinary record through direct local Association community service involvement to include endeavors by its REALTOR® Members and offices.

Prince George's County REALTORS® work harder and give more than any others, and we want to show that we are the BEST. YOU CAN HELP by providing information about the many things you and your company do within the community!

Fill out the online volunteer questionnaire here >>
It's quick and easy and only takes 2-3 minutes of your time, to possibly spotlight and win money for a Prince George's charity!

 
MAKE A DIFFERENCE - MAKE YOUR 2007 RPAC DONATION TODAY!

...and help protect the real estate industry, your income, your home, and your clients' properties as well. Help combat attempts to place a tax on REALTOR® commissions, rises in property taxes, and the introduction of impact fees.

Make your RPAC contribution today!

 
HOW TO MARKET TO UNREPRESENTED BUYERS

Buyers unrepresented by a buyer's agent, or BUBBAs, are an increasing segment of the real estate market. Last year, 23% of all buyers were unrepresented, up from 19% the previous year. In this REALTOR® Magazine exclusive, learn how to market to this growing population of buyers.

 
SPRING SALES SET TO BLOOM, SAYS NAR

While all the numbers aren't in yet, local REALTORS® are reporting that their winter inventory overhang was all sold. Follow that with the NAR numbers that are positive, and these two robins just might be heralding a spring comeback in housing.

Read more >>

 
CONTINUING EDUCATION

Meet all of your required Continuing Education for Maryland license renewal!
Sign up for multiple classes here!

SPANISH CLASSES FOR REALTORS® RETURNS TO PGCAR!!!
Wednesdays, March 7 - April 11, 4:00 pm - 7:00 pm
Intermediate Spanish for REALTORS®
6-Session Class Schedule: Wednesdays, March 7, 14, 21, 28 and April 4 and 11.
Instructor: Luis Lama


This Thursday, February 15
Creating Leverage for Your Buyer
3.0 Elective CEU, MD and DC
Matt Tove 6:00 pm - 9:00 pm

Next Wednesday, February 21
Education Day
Earn up to 6 CEU, MD and DC
Various Instructors 8:00 am - 5:00 pm

DC Required Courses on March 15
DC Fair Housing and Predatory Lending
3.0 Required DC CEU
Prabhjit Singh 9:30 am - 12:30 pm
DC Real Estate Ethics
3.0 Required DC CEU
Prabhjit Singh 1:30 pm - 4:30 pm

April 2007
GRI Series 100
5 classes, 30 CEU
Various Instructors 8:30 am - 4:00 pm

August 2007
GRI Series 200
5 classes, 30 CEU
Various Instructors 8:30 am - 4:00 pm

October 2007
GRI Series 300
5 classes, 30 CEU
Various Instructors 8:30 am - 4:00 pm

 

Code of Ethics Case Study: Case #2-8: Misrepresentation
REALTOR® A listed a motel for sale and prepared a sales prospectus setting out figures reporting the operating experience of the owner in the preceding year. The prospectus contained small type at the bottom of the page stating that the facts contained therein, while not guaranteed as to accuracy, were "accurate to the best of our knowledge and belief," and carried the name of REALTOR® A as the broker.

Buyer B received the prospectus, inspected the property, discussed the operating figures in the prospectus and other features with REALTOR® A, and signed a contract.

Six months after taking possession, Buyer B ran across some old records that showed discrepancies when compared with the figures in REALTOR® A's prospectus. Buyer B had not had as profitable an operating experience as had been indicated for the previous owner in the prospectus, and the difference could be substantially accounted for by these figures. He filed a charge of misrepresentation against REALTOR® A with REALTOR® A's Board.

At the hearing, REALTOR® A took responsibility for the prospectus, acknowledging that he had worked with the former owner in its preparation. The former owner had built the motel and operated it for five years. REALTOR® A explained that he had advised him that $10,000 in annual advertising expenses during these years could reasonably be considered promotional expenses in establishing the business, and need not be shown as annually recurring items. Maid service, he also advised, need not be an expense item for a subsequent owner and his family did the work themselves. REALTOR® A cited his disclaimer of a guarantee of accuracy. Buyer B testified that he had found maid service a necessity to maintain the motel, and it was apparent that the advertising was essential to successful operation. He protested that the margin of net income alleged in the prospectus could not be attained as he had been led to believe by REALTOR® A.

The Hearing Panel concluded that REALTOR® A had engaged in misrepresentation in omitting from the prospectus information which he reasonably should have known to be relevant and significant, and that the disclaimer did not, in any respect, avoid his obligation of full disclosure. REALTOR® A was found in violation of Article 2.

SPOTLIGHT SPECIAL

BE IN THE SPOTLIGHT FOR FREE!

That's right, FREE! Write an article that would be of interest to real estate consumers and have it published in the Official Homes Section of The Prince George's County Association of REALTORS® brought to you by The Gazette. This is a special pullout FULL COLOR supplement reaching over 127,000 homes and businesses in Prince George's County.

Internet Upgrade Special: That's right, when you buy a print ad, you receive an online advertisement for only $50!

Article Deadline Monday,
March. 13
  Space Reservation
& Ad Copy Deadline
Tuesday,
March. 14
  Publication
Date
Thursday,
March. 29

If you are interested in writing an article or placing an ad, please contact
Heidi Lamere at 301-731-2134, 240-888-7509 or hlamere@gazette.net.




Prince George's County Association of REALTORS®
8400 Corporate Drive  :  Suite 225 : Landover MD 20785
Phone 301-306-7900  :  Fax 301-306-8273  :  www.pgcar.com  :  ©2006, PGCAR

Back to REALTOR® Connection Archive