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July 17, 2007

 
 
COMMITTEE

VOLUNTEERS

NEEDED

PGCAR wants, and needs your involvement in your local Association. Through PGCAR's many committees you can play a major part in the leadership of our Association, as well as helping to promote the efforts and positive contributions which PGCAR members make throughout the communities in Prince George's County.

When you VOLUNTEER to serve on one of the many PGCAR Committees, you will be providing vital experience and input which will make a strong impact on our Association now and in the future.

By working hand-in-hand with your fellow REALTORS® and PGCAR Affiliates, you can SHARE your knowledge, LEARN the talents of others, MEET your peers from other companies, and HELP guide our Association toward the goal of becoming the best in the State of Maryland.

ALL members are encouraged to serve on Association committees.
Committee Members will serve from October 1, 2007 to September 30, 2008.
Forms must be received by AUGUST 1st.

Sign-Up Here >>


Linda Simpson
2008 President

 
 
YOUR RPAC DOLLARS AT WORK

DEPUTY SHERIFFS ADDED TO COUNTY TRANSFER TAX REDUCTION LAW

As of July 1st, Prince George's County Deputy Sheriffs are eligible for elimination or reduction of county transfer taxes, which is similar to legislation enacted last year which extended this benefit to county police officers and municipal police officers. PGCAR President Donald Frederick is delighted by the victory, stating, "Prince George's County REALTORS® are very pleased that our representatives in Annapolis see the need for affordable workforce housing. This bill provides a tax incentive for law enforcement personnel to buy homes and reside in Prince George's County. "This is another step forward in helping our county recruit and retain a quality resident police force."

HB 654-Prince George's County-Transfer Tax-Deputy Sheriffs, contains the following provisions:

  1. Police FIRST TIME Homebuyers - Eliminates the County transfer tax of 1.4% for Prince George's County Police Officers, Deputy Sheriffs, and municipal police Officers serving local communities in the County WHO ARE FIRST TIME HOMEBUYERS.

  2. Police Homeowners - Reduces the County transfer tax from 1.4% to 1% for County Police, Deputy Sheriffs, and Municipal Police who currently own homes and wish to purchase a new residence.

Average Savings?

TAX SAVINGS:
Given an Average Sale Price of $365,213 (May 2007)
First Time Homebuyers: $365,213 x 1.4% = $5,112.98 Tax Savings
Current Homeowners: $365,213 x 0.4% = $1,460.85 Tax Savings

Read Full Article, including How to Qualify >>

Download the needed affidavit for the transfer tax waiver by clicking here.

 
 
CREDENTIALS COMMITTEE APPROVES SLATE FOR 2008

The PGCAR Credentials Committee has met and the following Members have been determined to be qualified to run for the positions indicated. This year's installation will be held at Martin's Crosswinds on September 20th.

Ballots will be mailed on August 17th to all members qualified to vote. You will have a choice to vote by paper ballot or online at www.pgcar.com. Online voting will be open from August 24th until Noon on September 17th. Any paper ballots received after September 17th will not be counted.

2008 President - Linda Simpson, Weichert, REALTORS®
 
Candidates
  President-Elect - Ruth Wright, The Wright REALTOR®, LLC
  Vice President - Michael Cerrito, Cerrito Realty, LLC
Emerick Peace, Keller Williams Preferred Properties
 
Directors (4 to be elected)
  Desiree Callender Desiree Callender & Associates
  Patricia Dowtin Coldwell Banker Residential Brokerage
  Titus Folayan Long & Foster Real Estate, Inc.
  Arthur Greene Long & Foster Real Estate, Inc.
  L. Chuck Ottley Dominion Realty Group
  Christopher Richardson RE/MAX Allegiance
  Derrick Smith Long & Foster Real Estate, Inc.
  Anthony Williams Coldwell Banker Residential Brokerage

 
 
COME ONE COME ALL to the
ALL YOU CAN EAT
ANNUAL CRAB FEAST

Sunday, August 19, 2007 -- 7:00 p.m. to 11:00 p.m.
at Martin's Crosswinds

ALL YOU CAN EAT Crabs, Peel and Eat Shrimp, Fried Fish, Roast Beef, Sirloin, BBQ Chicken, All Beef Hotdogs, Homemade Crab Soup, Seafood Salad, Pasta Salad, Dessert, Rolls & Much More

Free Beer - Wine - Sodas (Cash Bar for other Alcohol Available)

Let's Eat, Let's Dance, Let's Have a Good Time

DJ ~ Dancing ~ Door Prizes ~ Raffle

Tickets: $65 in advance

Register Online today!

Presented by The Women's Council of REALTORS® of PRINCE GEORGE'S COUNTY

 
 
NAR ANNUAL CONFERENCE & EXPO


There are NO LIMITS to what you can gain at the 2007 REALTORS® Conference & Expo, November 13-16 in Las Vegas, Nevada. With hundreds of programs, networking opportunities, cutting edge technology, and more, you can customize your Conference & Expo experience to your needs and interests. Grow professionally and personally while gaining inspiration to be your very best. Special guests:

James Taylor     Lou Holtz     Bill Cosby     Doris Kearns

It's the 2007 Conference & Expo, and what happens here, helps you everywhere!

Click here to register now!   Early bird discount deadline: Wednesday, August 15.

 
 
MAR LEADERSHIP ACADEMY

MAR is now accepting applications for the 2007-2008 Leadership Academy.

The Leadership Academy will include 8 sessions, the first on October 4, 2007 and the last - graduation day, on April 14, 2008. All applications are due by August 1st. Please be sure to indicate on the application your preferred interview date. Once received, MAR will confirm your interview date and time.

Click here for an application.

Questions? Contact Lisa Kinsman, at 800-638-6425 or lisa.kinsman@mdrealtor.org.

 
 
MAR ANNUAL CONFERENCE & TRADESHOW

The MAR Annual Conference will be held September 10th - 12th in Ocean City. Register now for education classes & fun day events. This year, online conference registration allows you to make any class changes, purchase additional tickets, and receive an improved registration confirmation.

3-day Registration — Only $225 through August 15th
$50 discount for Rookie REALTORS®.

Note: Once you have successfully entered your NRDS#, please review your contact information and scroll down to "REGISTRATION TYPE" to choose the registration type that applies to you. Then continue registering. Register now!

 
 
NEW MEMBER ORIENTATION

Reminder!   New Member Orientation is this Thursday, July 19th, at 3 p.m. at La Fontaine Bleu, 7963 Annapolis Road, Lanham, MD. Invitations have been sent out. We hope to see you there!

 
 
ONLINE MARKETING: DOJ VS. NAR

This could effectively take the agent’s and broker’s hard won asset - listings, and throw them out for third parties who would only collect commission as the sellers. Never having to endure the costs, hard work and effort needed to obtain those listings.

Full story >>

 
 

 
 
NAR'S YUN: THE HOUSE WHISPERER?

Economists at the National Association of REALTORS® are a little more optimistic than David Seiders, of the National Association of Home Builders. According to NAR's Senior Economist, Lawrence Yun, a "good' buyer's market has evolved. Does that mean that consumers are actually buying something?

Full story >>

 
 
CONTINUING EDUCATION

Earn ALL of Your Continuing Education requirements for Maryland and DC license renewal right here at PGCAR!

DC licensing for real estate salespersons must be renewed by August 31!

  • Earn your 9 CE in required categories July 20 and July 25.
  • Only need your 6 elective CE hours? Most PGCAR classes are also approved for DC elective CE. Check the class listings for specifics.
Sign up for multiple classes here!


This Thursday, July 19
MD Real Estate Ethics - SOLD OUT!
3 MD Required Ethics CEU; 3 DC Elective CEU
Don Martin 9:30 am - 12:30 pm

This Friday, July 20
DC Fair Housing & Predatory Lending
3 DC Required Fair Housing CEU; no MD CEU
Prabhjit Singh 1:30 pm - 4:30 pm

Next Wednesday, July 25
DC Legislative Update / Landlord Tenant Rights
3 DC Required Legislative Update CEU; no MD CEU
Prabhjit Singh 9:30 am - 12:30 pm
DC Ethics Update
3 DC Required Ethics CEU; no MD CEU
Prabhjit Singh 1:30 pm - 4:30 pm

Next Friday, July 27
Contracts
3 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
MD Fair Housing
1.5 MD Required Fair Housing CEU; 1.5 DC Elective CEU
Stu Stern 3:15 pm - 4:45 pm

Friday, August 10
MD Legislative Update -
3.0 MD Required Legislative Update CEU; 3.0 DC Elective CEU
Don Martin 9:30 am - 12:30 pm
MD Fair Housing -
1.5 MD Required Fair Housing CEU; 1.5 DC Elective CEU
Don Martin 1:30 pm - 3:00 pm

August 2007
GRI Series 200 - SOLD OUT!
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 #1-2: Honest Treatment of All Parties
As the exclusive agent of Client A, REALTOR® B offered Client A's house for sale, advertising it as being located near a bus stop. Prospect C, who explained that his daily schedule made it necessary for him to have a house near the bus stop, was shown Client A's property, liked it, and made a deposit. Two days later, REALTOR® B read a notice that the bus line running near Client A's house was being discontinued. He informed Prospect C of this and Prospect C responded that he was no longer interested in Client A's house since the availability of bus transportation was essential to him. REALTOR® B informed Client A and recommended that Prospect C's deposit be returned.

Client A reluctantly complied with REALTOR® B's recommendation, but then complained to the Board of REALTORS® that REALTOR® B had not faithfully protected and promoted his interest; that after Prospect C had expressed his willingness to buy, REALTOR® B should not have made a disclosure that killed the sale since the point actually was not of major importance. The new bus route, Client A argued, would put a stop within six blocks of the property.

In a hearing before a Hearing Panel of the Board's Professional Standards Committee, REALTOR® B explained that in advertising Client A's property, the fact that a bus stop was less than a block from the property had been prominently featured. He also made the point that Prospect C, in consulting with him, had emphasized that Prospect C's physical disability necessitated a home near a bus stop. Thus, in his judgment, the change in bus routing materially changed the characteristics of the property in the eyes of the prospective buyer. REALTOR® B felt it under his obligation to give honest treatment to all parties in the transaction, including Prospect C and that in doing so, he was not violating his obligation to his client.

The Hearing Panel concluded that REALTOR® B had not violated Article 1 and that he had acted properly under both the spirit and the letter of the Code of Ethics. The panel noted that the decision to refund Prospect C's deposit was made by the seller, Client A, even though the listing broker, REALTOR® B, had suggested that it was only fair due to the change in circumstances.

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.

Article Deadline Monday,
August 13
  Space Reservation
& Ad Copy Deadline
Tuesday,
August 14
  Publication
Date
Thursday,
August 30

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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