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February 27, 2007

 

PGCAR AWARDS CELEBRATION

Register Now
for this evening of celebration, glitz and glamour!

Wednesday, March 21
from 6:30 to 10:30 p.m.
at
Martin's Crosswinds
(7400 Greenway Center Drive).

Black tie is optional.

No reservations or refunds accepted after March 14.
Space is limited! Reservations must be prepaid. By attending the Awards Celebration Banquet you will be eligible to win one of the following door prizes, compliments of Pulte Homes: A 42" Inch Flat Screen TV, 2 Round Trip Tickets to Hawaii, Dinner for 2 at Jerry's Seafood and 2 Rounds of Golf at Renditions.

Individual tickets:
$60 through March 10
$75 March 11-14

Save by registering
a table of 10!:

$550 through March 10
$700 March 11-14

Program:
6:30 p.m. Reception
7:15 p.m. Dinner
8 to 10:30 p.m. Dancing

 
ANNUAL AWARDS COMMEMORATIVE PROGRAM

The Awards Committee is publishing a Commemorative Program for the March 21 Annual Awards Ceremony. Payment and artwork is due March 5.

Click here to reserve your place in the program >>

 
 
ANNUAL RPAC FUNDRAISER GOES TO VEGAS!!!

Come enjoy a night of entertainment Las Vegas style and help RPAC! Wednesday, April 25 from 6 to 9 p.m. at La Fontaine Bleu, 7963 Annapolis Road, Lanham, MD 20706. We'll have Roulette, Blackjack, Craps, Texas Hold 'Em Poker, and more. Tickets are available through RPAC Committee Members and the association office.

 

 

 
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!

 
 
HOW TO SELL A HIGHLY-APPRECIATED HOME TAX-FREE (OR ALMOST)

It's been 10 years since Congress brought us the homeowner gain exclusion deduction, one of the most powerful and useful tax-saving tools ever given to homeowners.

Read more >>

 
 
NAR MIDYEAR MEETINGS REGISTRATION NOW OPEN

Once again this year, NAR's Midyear Legislative Meetings and Trade Expo will be held in Washington, DC. The meetings are scheduled for May 14-19 and online registration for the event is now open.

Click here for more information or to register >>

 

 
SUBPRIME LENDERS FACING PROBLEMS

With delinquencies continuing to rise across the nation and many large lenders being forced into buybacks, several subprime lending companies are facing financial distress. Consumer groups have blamed lax underwriting standards and risky loan terms in past years for the rising rates of foreclosures and delinquent loans.

Read more >>

 
 
CONTINUING EDUCATION

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


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

Friday March 16
MD Legislative Update
3.0 MD Required CEU; 3.0 DC Elective CEU
Don Martin 9:30 am - 12:30 pm
MD Fair Housing
1.5 MD CEU; 1.5 DC Elective CEU
Don Martin 1:30 pm - 3:00 pm

Thursday March 22
Contracts
3.0 Elective CEU, MD & DC
Stu Stern 9:30 am - 12:30 pm
Save 10K & Your Real Estate License
1.5 Elective CEU, MD only
Stu Stern 1:30 pm - 3:00 pm
REALTOR® Etiquette
1.5 Elective CEU, MD only
Stu Stern 3:15 pm - 4:45 pm

Thursday March 29
MD Real Estate Ethics
3.0 MD Required CEU; 3.0 DC Elective CEU
Don Martin 9:30 am - 12:30 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 #4-2: Indirect Interest in Buyer
REALTOR® A had taken two offers to buy a commercial property listed with him to the owner, Client B. Both offers had been considerably below the listed price, and at REALTOR® A's advice, Client B had rejected both. REALTOR® C came to REALTOR® A seeking a cooperative arrangement on REALTOR® A's listing, which was agreeable to REALTOR® A. REALTOR® C brought a contract to REALTOR® A from a prospective buyer, a bank, offering more than the previous proposals, but still 10 percent less than the list price. REALTOR® A took the offer to Client B and again advised him not to accept an offer less than the full listed price. Again, the client acted on REALTOR® A's advice. The bank revised its offer, proposing to pay the listed price. This offer was accepted by Client B, the owner.

About a month after the closing, the Board of REALTORS® received a letter from a director of the bank that had purchased Client B's property, charging REALTOR® A and REALTOR® C with unethical conduct and duplicity which had resulted in the bank's paying an excessive price for the property. The complaint stated that REALTOR® C was a stockholder in the corporation, one of whose officers was a director of the bank; that REALTOR® C, in a transaction that was handled through REALTOR® A, had evidently used his connection with the bank to induce the bank to buy at a price higher than the market; and that neither of the two REALTORS® had disclosed to the other officers of the bank the connection that existed between them and one officer of the bank.

At the hearing, REALTOR® A defended his actions by stating that he knew nothing of any business relationship between REALTOR® C, the cooperating broker and the buyer; that he had acted wholly in accordance with the best interests of his client, the seller. REALTOR® C demonstrated that he had negotiated solely with the president of the bank; that the director of the bank who happened to be an officer of a corporation in which he, REALTOR® C, held stock was at no time contacted during the negotiations; that the matter had never been discussed with that individual.

It was the conclusion of the Hearing Panel that the indirect relationship between REALTOR® C and the buyer was not of a nature to require a formal disclosure; that REALTOR® C could not be held to be in violation of Article 4. The panel pointed out, however, that in a borderline case where it could be reasonably inferred that a relationship did exist, the spirit of Article 4 would be better served if disclosure were made to avoid any possibility of unfortunate or unfounded suspicions.

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

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