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September 11, 2007

 
VOTE FOR YOUR 2008 OFFICERS AND DIRECTORS

Before casting your ballot, please read the candidate biographies by clicking on the name of each candidate here, or by following the "Next" arrows at the bottom of each candidate biography page. Then click on the "Vote" check to the right. There is also a link on the home page of www.pgcar.com to go directly to the Online Voting log in.

To access the ballot, use the same user name and password used to enter the Members Only section.
User Name: first two letters of your first name along with your last name.
Password: now your NRDS ID.

(Example: Mary Brown: User Name - mabrown; Password - 123456789).

If you have difficulty accessing the Web site, please use "Forgot your password or username link?" or contact the association office for assistance at 301-306-7900. All primary and secondary REALTOR® members are qualified to vote.

 
 
FORECLOSURE BAILOUT PROPOSALS RAISE QUESTIONS

If one-half of 1 percent of the homes in a given area were in foreclosure, would that make you think that the area was in serious trouble, that there were real problems there?

Full story >>

   

 


Please Join Us
Next Thursday, September 20, 2007

at Martin's Crosswinds
7400 Greenway Center Drive, Greenbelt, Maryland

      RECEPTION:   6 o'clock
      DINNER:   7 o'clock
      MENU:   Herb Encrusted Salmon
and Herb Chicken
      DRESS:   "After Five"
      COST:   $50 per person

Register online and print your own tickets!

A special drawing will be held for
2007 RPAC contributors.
Numerous gifts will be given away.

Reservations must be received no later than Sept. 15th

 
NEW AND REVISED CONTRACT FORMS FOR PRINCE GEORGE'S

Prince George's County has revised and added several forms in 2007 to meet new DLLR and County legislation, disclosure requirements, and other legal changes. For example, the Disclosure and Notice Addendum (DNA) form has been revised. Below are SOME of the County changes from this year. All new forms are available in the PGCAR.com Members Only section and on ZipForm. Do a Forms Check-up to make sure you have all of the latest!

New & Revised Prince George's Contract Forms

 
ONLINE DUES RENEWAL

Membership renewals have been mailed and may be paid online quick, easy, and secure with a credit card. Dues must be received no later than November 30, 2007 in order to prevent a late charge. Click here for online dues renewal!   Pay online and enjoy the convenience of receiving an itemized receipt within a few minutes via e-mail.

 
 
NAR ANNUAL CONFERENCE & EXPO


Tickets on sale NOW for the Inaugural Celebration, Inspirational Breakfast, Optional Tours, and other ticketed events.

The Convention isn't all about work. You will be inspired by the latest in leadership, technology and market opportunities and be entertained. 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!

 
 
SHOULD WE TAX HOMES BY THE SQUARE FOOT?

Should homes above 3,000 sq. ft. lose their mortgage interest tax deduction? Columnist Peter G. Miller looks at the latest thinking on Capitol Hill.

Full story >>

 
 
PRESIDENT BUSH PROPOSES HOMEOWNER ASSISTANCE

A presidential plan to help homeowners facing mortgage woes has some new approaches but also relies upon existing efforts to curb the effects of risky mortgages.

Full story >>

 
 
UPCOMING MRIS SECURITY
A triple layer of security, known as Secure Login, will soon be made available to all MRIS users. Each subscriber will be issued a key fob-sized SAFE MLS token at no additional cost, which will display a fresh, one-time-only password to be entered upon logging into MRIS. You will need the token in order to log into Matrix, Keystone, and MRIS.com.

 

It's REALTOR® Safety Week!   How Safe are You?
September 9 - 15, 2007 marks the fifth annual REALTOR® Safety Week.
Every day REALTORS® are put at risk while fulfilling the requirements of their jobs. Please take the time to learn something new that will benefit your future, your safety. Learn it then pass it along to others!

 
 
CONTINUING EDUCATION

Sign up for multiple classes here!
You can earn ALL of Your Continuing Education requirements for both the Maryland and DC license renewals right here at PGCAR!


Wednesday, September 26
MD Real Estate Ethics
3 MD Required Ethics CEU; 3 DC Elective
Delores Gick 9:30 am - 12:30 pm
MD Legislative Update
3.0 MD Required Legislative Update CEU; 3.0 DC Elective
Delores Gick 1:30 pm - 4:30 pm
Creating Leverage for Your Buyer
3.0 Elective CEU, MD and DC
Matt Tove 6:00 pm - 9:00 pm

Friday, September 28
New Agent Survival
3.0 Elective CEU, MD and DC
Stu Stern 9:30 am - 12:30 pm
REALTOR® Etiquette
1.5 Elective CEU, MD and DC
Stu Stern 1:30 pm - 3:00 pm
MD Fair Housing
1.5 MD Required Fair Housing CEU; 1.5 DC Elective
Stu Stern 3:15 pm - 4:45 pm

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

 

Code of Ethics Case Study:
Case #5-1: Contemplated Interest in Property Appraised
Seller A and Buyer B were negotiating the sale of an apartment building, but couldn't agree on the price. Finally, they agreed that each would engage an appraiser and they would accept the average of the two appraisals as a fair price. Seller A engaged REALTOR® C as his appraiser, and Buyer B engaged REALTOR® D. Both REALTORS® were informed of the agreement of the principals. The two appraisal reports were submitted. The principals averaged the two valuations and made the transaction at the price determined.

Six months later, it came to the attention of Seller A that REALTOR® C was managing the building that he had appraised. Upon making further inquiries he learned that REALTOR® C for several years had managed five other buildings owned by Buyer B, and that he had been Buyer B's property manager at the time he accepted the appraisal assignment from Seller A.

At this point Seller A engaged REALTOR® E to make an appraisal of the building he had sold to Buyer B. REALTOR® E's valuation was approximately 30% higher than that arrived at six months earlier by REALTOR® C.

These facts were set out in a complaint against REALTOR® C made by Seller A to the local Board of REALTORS®. The complaint charged that since REALTOR® C was an agent of Buyer B; since he managed all of Buyer B's properties; since he had become manager of the property he had appraised for Seller A in connection with a sale to Buyer B; and since he had not disclosed his relationship to Buyer B, he had acted unethically, and in the interest of his major client had placed an excessively low valuation on the property he had appraised for Seller A.

At the hearing, Seller A also brought in a witness who stated that he had heard Buyer B say that he had made a good buy in purchasing Seller A's building because Seller A's appraiser was his (Buyer B's) property manager.

Buyer B, appearing as a witness for REALTOR® C, disputed this and protested that he had paid a fair price. He substantiated REALTOR® C's statement that management of the building formerly owned by Seller A was never discussed between them until after it had been purchased by Buyer B.

It was concluded by the Hearing Panel that whether or not management of the building was discussed between Buyer B and REALTOR® C prior to its purchase by Buyer B, REALTOR® C had a logically contemplated interest in it as a property manager in view of the fact that he had served as property manager for all other properties owned by Buyer B. In view of this contemplated interest, he was bound by the terms of Article 5 to disclose this interest to his appraisal client, Seller A. He had failed to do this, and so was found in violation of Article 5 of the Code of Ethics.

SPOTLIGHT SPECIAL

**** CHOOSE YOUR SPECIAL ****
Sign up for the rest of the year and receive 20% OFF
— OR — Buy a Full Page and get the Internet Ad FREE for 1 Month! — OR — Buy the Front Cover and receive a full page ad inside.

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.

Space Reservation Deadline TODAY,
Sept. 11
  Ad Copy
Deadline
Friday,
Sept. 14
  Publication
Date
Thursday,
Sept. 27

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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