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March 11, 2008

 
Come Celebrate Your Fellow REALTORS®
Join us as we honor and celebrate our dedication to our profession!
Next Wednesday, March 19
6 to 10 p.m.
at Martin's Crosswinds

7400 Greenway Center Drive
Greenbelt, MD 20770

Tickets: $55.00   ~   Attire: "After Five"

Click Here to Reserve Your Tickets Now!

If you would like to sponsor this event, please Click Here >>

For advertising opportunities, please Click Here >>

Click Here for a Printable Flyer to Share with Your Office >>

 
 
REALTOR® Idol Competition
and Casino Night
at La Fontaine Bleu
Tuesday, April 22
Tickets now available for the RPAC Annual Fundraiser.

There will be a REALTOR® Idol Contest, Casino Games,
Texas Hold'em Poker and a Silent Auction.

$35 RPAC Contribution = 1 Casino Night Ticket
Receive THREE Tickets for $100 RPAC Contribution!
BUY YOUR TICKETS HERE >>

 
 
WHAT ECONOMIC STIMULUS MEANS FOR REALTORS®

Find out what the economic stimulus package means for REALTORS®, including new loan limits, their implementation, and NAR estimates of the temporary FHA and GSE single-family loan limits.

Full story >>

 
Rookie REALTOR® Society Presents:
REALTOR® Safety
This Thursday, March 13

At La Fontaine Bleu, 7963 Annapolis Road, Lanham, MD

Rookie REALTORS®!  Come out this week and learn about REALTOR® Safety. It could save your life. It is especially important for REALTORS® to be aware of their surroundings, and to learn and put into practice strategies to protect their safety.

9:30 a.m. Registration & Networking
10:00 - 11:30 a.m. Seminar

FREE to all Rookies, but registration is required.

RSVP HERE!

 
CHRISTMAS IN APRIL
Volunteer Now to Make a Difference!

Date:   4/26/2008
Time:   8:00 AM - 5:00 PM
Location:   A Prince George's County home site

Please join us on Saturday, April 26 to help a needy Prince George's family with general home repair. If you can hold a hammer, paint brush or broom you can help. No skills required! The Community Service Committee will be putting together at least one team of workers.

Please sign up now to help their planning!

 
 
SENTRILOCK UPDATE - NEED BOXES FOR LISTINGS IN "CONVERTED" COUNTIES?

If you need boxes for Anne Arundel County, Howard County, or other locations in the MARS region which have converted to SentriLock during February and March, you can now come to the PGCAR Office and purchase a SentriLock Card and Reader for $155. This fee will carry you from the time of purchase to 1 year from our PGCAR conversion day.

Once you have a SentriLock Card, you can exchange your MARS or Anne Arundel Supra boxes for SentriLock Boxes. You can't get a SentriLock Box without a card because the Boxes are assigned to the card.

 
 
PGCAR CELL PHONE COLLECTION

Please donate your old cell phones to benefit the Community Service Activities of PGCAR.

PGCAR will receive payment for each donated phone. These funds will be used to help families in Prince George's County. Help us reach our goal today!!! Please drop off your old cell phones & batteries to:

PGCAR
8400 Corporate Drive, Suite 225
Landover, Maryland

OR
Call: 301-306-7900 and we will make arrangements to have them picked up.

Thank you for your participation to help our Community.

 
 
LEARN MORE EARN MORE IN 2008

PGCAR is offering GRI Series 100, 200, and 300.
Sign up for all 3, and be eligible to earn your GRI this year!

 
 
What Politics in 2008 Can Teach our Industry about Confronting Change

The Republican primary in the state of Michigan was held this past January and the way that the two leading candidates approached this primary provides a fascinating primer on how real estate will fare in the next few years, depending on our reaction to the systemic changes that confront us.

For full story click here >>

 

 
2007 NAR POLICY ACCOMPLISHMENTS

YOUR RPAC CONTRIBUTIONS AT WORK

In 2007, NAR worked closely with the new Congress, appearing before House and Senate committees on 17 occasions to communicate REALTOR® positions on major issues. On the regulatory front NAR worked closely with the Executive Branch submitting 14 policy comment letters providing REALTOR® guidance and recommendations regarding federal policy regulations affecting the real estate industry.

Major 2007 accomplishments include:

  • Banks in Real Estate - Instead of the customary one-year provision, Congress passed a two-year ban prohibiting national banks from engaging in real estate brokerage and property management. In 2008 NAR will be advocating Congress to approve its Community Choice in Real Estate bill (HR 111/S 413).

  • Appraisal / Mortgage Reform - The House of Representatives approved legislation (HR 3915) to reform mortgage and anti-predatory lending practices. Among other things, the bill includes a nationwide licensing registry for mortgage loan originators. NAR successfully achieved a carve-out exempting persons only engaged in real estate activities from the licensing registry. NAR also successfully included provisions that strengthen appraisal independence.

    A similar bill (S 2452) has been introduced in the Senate. In 2008 NAR will advocate adoption of the appraisal provisions and retention of the carve-out if a nationwide licensing system for mortgage loan originators gains favor. NAR submitted 4 regulatory comment letters, urging regulatory agencies to prevent mortgage abuses without impairing responsible subprime lending.

  • Terrorism Insurance - NAR achieved a major victory benefiting commercial real estate when the President signed HR 2761, a measure to reauthorize the federal terrorism insurance backstop for seven years. This legislation provides the commercial marketplace the necessary certainty for coverage in the event of an act of terrorism.

  • Flood Insurance - NAR worked closely with the House and Senate to successfully move legislation reforming the National Flood Insurance Program. The House passed HR 3121 in which NAR successfully lobbied four amendments in committee. The Senate bill (S 2284) was approved by the Senate Banking Committee and is pending floor consideration. In 2008 NAR will continue to work with Congress to enact a final bill. NAR was also successful in securing $220 million for FEMA's ongoing flood map modernization efforts.

Download a PDF of NAR 2007 Accomplishments here >>

 
 
NAR MIDYEAR LEGISLATIVE MEETINGS & TRADE EXPO...

Join in the National Association of REALTORS®'s 100th birthday celebration during the 2008 Midyear Legislative Meetings & Trade Expo. The event will be held May 12-17 in Washington, DC. And best of all, IT'S FREE!

Register now >>

 
 
THE EVOLUTION OF THE REAL ESTATE CONSUMER

Evolution is inevitable when it follows a distinct model; that of; Dependence, Independence, and Interdependence. Columnist Jerry Rossi explains.

Full story >>

 
COMMUNITY SERVICE — TELL US WHAT YOU'VE DONE

At this time of year, so many of our members help others, so please let us know by completing a simple online form in the PGCAR.com Community Service section or download and print the application. Whether it was adopting a family, collecting "Toys for Tots," donations to charitable organizations, or donated time at your child's school or at church, we want to know about it. This year we would like to receive a C.A.R.E. award at the MAR Convention. With your help we can do that. We just need to know:

  • Who it benefited?
  • Dollar amount collected?
  • How many hours you volunteered?

 
CONTINUING EDUCATION

You can earn ALL of Your Continuing Education requirements for both the Maryland and DC license renewals right here at PGCAR -- Now that's easy!

Sign up for YOUR choice of CE here!


Next Thursday, March 20
Subprime Economics
3 Elective CEU, MD Only
Prabhjit Singh 9:30 am - 12:30 pm
Maintaining Proper Records
3 Elective CEU, MD Only
Prabhjit Singh 1:30 pm - 4:30 pm

Wednesday, March 26
DC Fair Housing & Predatory Lending
3 DC Required Fair Housing CEU
Prabhjit Singh 6:00 pm - 9:00 pm

Thursday, March 27
DC License Exam Preparation
No CEU
Prabhjit Singh 6:00 pm - 9:00 pm

Thursday, April 3
MD Legislative Update
3 MD Required Legislative Update, DC Elective
Don Martin 9:30 am - 12:30 pm
MD Fair Housing Update
1.5 MD Required Fair Housing, DC Elective
Don Martin 1:30 pm - 3:00 pm

Tuesday, April 8
Pre-Qualifying Home Buyers
1.5 MD Elective CEU
Kenneth Bossard 6:00 pm - 7:30 pm

Wednesday, April 9
MD Code of Ethics
3 MD Required Ethics CEU; 3 DC Elective CEU
Larry Hudson 1:30 pm - 4:30 pm

Friday, April 11
GRI Series I - FULL SERIES of 5 Classes
30 Elective CEU, MD & DC
8:30 am - 4:00 pm
GRI Series I - Module 101: Building a Real Estate Business
6 Elective CEU, MD & DC
8:30 am - 4:00 pm

Wednesday, April 16
GRI Series I - Module 102: Prospecting & Listing Techniques
6 Elective CEU, MD & DC
8:30 am - 4:00 pm

Friday, April 18
GRI Series I - Module 103: Fair Housing & Legal Update
6 Elective CEU, MD & DC
8:30 am - 4:00 pm

Wednesday, April 23
GRI Series I - Module 104: Basic Residential Financing
6 Elective CEU, MD & DC
8:30 am - 4:00 pm

Thursday, April 24
GRI Series I - Module 105: Marketing Methods
6 Elective CEU, MD & DC
8:30 am - 4:00 pm

 

Code of Ethics Case Study: Case #6-2:
Manager's Use of Client's Property for Vending Machines
REALTOR® A managed Client B's large apartment building, and made an arrangement under which coin-operated vending machines were placed in the basement of the building.

Six months after the machines were installed, Client B noticed them and raised a question as to the propriety of REALTOR® A's action in installing them, and deriving revenue from them, without Client B's knowledge and consent. REALTOR® A's response was that he had considered the machines a service to the tenants which in no way affected Client B's interests. He told Client B that he did derive a small amount of revenue from them, which had not been remitted to Client B because he felt that this revenue compensated him for his time and effort in arranging for installation of the machines and maintaining contact with the firm that operated them. He suggested that if Client B was unhappy he could seek a formal ruling by submitting the matter to the Professional Standards Committee of the Board of REALTORS®.

Accordingly, Client B did just that. At a hearing on the matter it was established that REALTOR® A had not consulted his client at the time he authorized installation of the machines; that revenue derived from operation of the machines had been retained by REALTOR® A; and that Client B had been furnished no information whatsoever in the matter until he observed the machines in his own periodic inspection of the building.

Based on your understanding of the Code of Ethics Article 6, how do you think the Professional Standards Panel ruled?

Find out here >>

SPOTLIGHT SPECIAL

BE IN THE SPOTLIGHT FOR FREE!

That's right. Write an article that would be of interest to real estate consumers and submit it to Karey Major for a chance to be 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.

Ad Copy Deadline Today, Tuesday, March 11   Publication Date Thursday, March 27

If you are interested in writing an article or placing an ad, please contact
Karey Major at 240-473-7588 or kmajor@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  :  ©2008, PGCAR

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