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May 21, 2008

 
Save the Date!
FOR OUR 75TH ANNIVERSARY CELEBRATION ON SEPTEMBER 25

HOLIDAY CLOSING - The association office will be closed on Monday, May 26th, in observance of Memorial Day. The association office will reopen on Tuesday, May 27th.

Have a happy and safe holiday weekend!

 
ANNUAL CULTURAL DIVERSITY MEETING

Women's Council of REALTORS® Prince George's Chapter
and the PGCAR Cultural Diversity Committee

Present their
ANNUAL CULTURAL DIVERSITY MEETING
Thursday, June 5th

SPECIAL PRESENTERS: NAREB and MHPREIA
LOCATION: PGCAR, 8400 Corporate Drive, Suite 225, Landover, Maryland

8:30 a.m. - 9:00 a.m. Registration
9:00 a.m. - 9:30 a.m. Guest Speaker: Delegate Victor Ramirez
9:30 a.m. - 12:30 p.m. NEGOTIATING WITH DIFFERENT CULTURES
(3 hours of MD Continuing Education)

COST: $15 in Advance
(Breakfast and Lunch included in Registration)

Click Here to Register >>
PDF Flyer to Share Here >>

 
Tuesday, June 17, 2008
6:00 p.m. to 10:00 p.m.
Prince George's County Association of REALTORS®
8400 Corporate Drive
Landover, Maryland (ATRIUM)
Auctioneer: Mel Schneider, Attorney at Law
EVERYONE WELCOME!   To donate an auction item or cash,
contact Rose Marie Jung at 301.262.6900 or fax attached form
Live Auction and Silent Auction
All items sold to the highest bidder
Cash, Check or Charge
Cost: $10
Free Beer, Wine and Soda
Click to Register

 

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.

Prince George's County REALTORS® work harder and give more back to their communities than any others, and we want to show that we are the BEST. YOU CAN HELP by providing some quick information about the ways you and your company help the community!

Fill out the online volunteer questionnaire here >>

It's quick and easy, only taking 2-3 minutes of your time. Act now to spotlight and win money for a Prince George's charity!

DEADLINE:
SUNDAY, JUNE 1
MIDNIGHT
.

 
 

 

Classes include: Lead Based Paint Legislation, Contracts, MD Code of Ethics, MD Legislative Update, Building Green for REALTORS® and DC Fair Housing & Predatory Lending.

REGISTER NOW FOR BEST SELECTION OF CLASSES >>

 
 
NAR MIDYEAR MEETINGS & TRADE EXPO — Recap!

In a three-hour meeting, the NAR Board of Directors approved new policies on topics ranging from short sales to NAR election rules, and officially elected the association's 2009 officers. They also authorized creation of a broker-controlled national library of property data that would provide NAR members-only access to detailed information on all properties in the United States. Read details on the property database and a recap of the board's other major decisions >

Home Sales and Prices to Pick Up in Second Half of 2008, Says NAR Chief Economist Yun

. . . and there are more reports from MidYear here >>

 
 
FRESH IDEAS FOR SELLING IN A TOUGH MARKET

Read tips on effective marketing from three successful young REALTORS® which can work for you too:

  • Closely tailor your message and marketing medium to your prospects' life stage
  • Serve a cultural niche and market accordingly
  • Network, both online and with face time

Click here for details you can learn and start practicing today!

 
 
MAR CONFERENCE AND TRADE SHOW
MAR Annual Conference And Trade Show

September 8, 9 and 10
Roland E. Powell Convention Center
Ocean City, MD
Early Bird Deadline for the MAR Annual Conference EXTENDED to May 30, 2008.
Please visit www.mdrealtor.org
for details and registration.
Three-day Registration is only $195 through May 30.

 
 
NEW FANNIE MAE AND FREDDIE MAC APPRAISAL STANDARDS

The New York State Attorney General entered into a settlement with Fannie Mae and Freddie Mac that has resulted in the implementation of the New Home Valuation Protection Code (NHVPC). The Code will establish standards regarding conflicts of interest in the appraisal industry, and will cover everything from compensation to solicitation.

Although the agreement is with New York State, effective January 1, 2009, Fannie Mae and Freddie Mac will not purchase loans from lenders if the appraisal fails to meet the NHVPC. For more information, go to www.mdrealtor.org and click on the Government Affairs Page for a summary of the Government Sponsored Enterprises (GSE) Appraisal standards, or call Bill Castelli at 800-638-6425.

 
 
FANNIE MAE SCRAPS DECLINING MARKETS POLICY

In a change spurred by NAR's concerns, borrowers will no longer need to put up an extra 5 percent down payment in markets where prices have fallen. Read more >

 
 
DUE FRIDAY - SUBMIT GOOD NEIGHBOR NOMINATIONS THIS WEEK!

The Good Neighbor Awards recognize REALTORS® who've made an extraordinary commitment to improving the quality of life in their communities through volunteer work.

Five winners will receive $10,000 grants for their cause. Application deadline is May 23.

Submit nominations by THIS FRIDAY, May 23 at www.realtor.org!

 
 
 
VOLUNTEER FOR A NAR COMMITTEE - Deadline Next Tuesday

Members! 2008 NAR First Vice President Vicki Cox Golder issues a dare to members — Join an NAR committee! — and explains how to go about it.

We encourage you to nominate yourself and others whom would make good leaders. You will find additional information in the NAR Governance: Committees section of REALTOR.org, including a PowerPoint Committee Leadership training presentation, and Committee Leadership Orientation Resources.

Submit your application or nomination soon — deadline is Tuesday, May 27.

 

 
MORE MARYLAND LAWS IMPACTING REALTORS® GO INTO EFFECT

On April 24, the Governor signed a number of real estate related bills into law, including measures that would permit different delivery methods of pre-licensing courses; increase the enforcement powers of the Real Estate Commission; and reform the Critical Areas Law. For summaries of these laws, go to www.mdrealtor.org.

Foreclosure Law: Questions and Answers for Real Estate Agents

The new foreclosure laws recently reported to you in REALTOR® Connection contain specific requirements that may impact real estate agents. Visit the Q & A at www.mdrealtor.org to determine what your duties may be when dealing with a homeowner in default, and the new requirements for recording.

If real estate is your profession, politics is your business.
Have you made an RPAC contribution to help keep your legislators aware of important homeownership and industry needs? You may contribute here >>

 

 
CONTINUING EDUCATION

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


Tuesday, June 3
Photography for REALTORS®
No CEUs
Joseph Pruden 6:00 pm - 8:00 pm

Wednesday, June 4
Commercial Property
3.0 MD Professional Enhancement CEU; no DC CEU
Rick Brown 9:30 am - 12:30 pm

Tuesday, June 17
DC Fair Housing & Predatory Lending
3 DC Required Fair Housing CEU; no MD CEU
Prabhjit Singh 6:00 pm - 9:00 pm

Wednesday, June 18
DC License Exam Preparation
no CEU
Prabhjit Singh 6:00 pm - 9:00 pm

Friday, July 11
GRI Series II - FULL SERIES of 5 Classes
30 Elective CEU, MD
8:30 am - 4:00 pm

Friday, October 3
GRI Series III - FULL SERIES of 5 Classes
30 Elective CEU, MD
8:30 am - 4:00 pm

 

Code of Ethics Case Study: Case #11-10:
REALTOR®'s Obligation to Disclose Present or Contemplated Interests

Client A, an owner, needed to sell a property. She approached REALTOR® B to list the property. They agreed to the terms of the listing and the property was listed.

An offer was made and was accepted by Client A. After the prospective purchaser completed the loan application, REALTOR® B was contacted to appraise the property. When the lender was preparing the closing statement, the lender became aware that the listing broker was also the appraiser and filed a complaint with the Board of REALTORS® alleging that REALTOR® B had failed to disclose in the appraisal that he had an interest in the property, specifically seeing that the sale closed. The complaint was referred by the Grievance Committee for hearing before a panel of the Board's Professional Standards Committee.

At the hearing, REALTOR® B protested that the lender was misreading Article 11, as interpreted by Standard of Practice 11-1, claiming that "any present or contemplated interest" referred only to an ownership interest. REALTOR® B concluded that the listing commission had been earned when a ready, willing, and able purchaser contracted to purchase the property and that the appraisal process was separate and distinct from the brokerage process.

Based on your understanding of the Code of Ethics Article 11, 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.

Article Deadline Monday, June 9   Ad Copy Deadline Tuesday, June 10   Publication Date Thursday, June 26

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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