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September 22, 2008

 
 
Come Celebrate With Us!

at the
PGCAR 75th Anniversary Gala
and Installation of
2009 Officers & Directors

This Thursday Evening, Sept. 25th
from 6 to 11 p.m. at La Fontaine Bleu
~ A Black Tie Event ~

Register at www.pgcar.com >>

Tickets: $55 for One, $100 for Two, $500 for Table of Ten

Printable Flyer to Share with Your Office & Associates >>

 
 
DO YOU HAVE FAVORITE MEMORIES TO SHARE?

The Prince George's County Association of REALTORS® is proud of its heritage in fulfilling dual goals: to establish high standards and professional ethics in the practice of real estate; and to serve the Prince George's community, helping maintain it as a wonderful place to call home.

Read more about the 75-year history of PGCAR >>

Have you checked out the current www.pgcar.com home page? See a brief photo collage of our most recent years of service >>

Do you have favorite PGCAR photos or stories to share? Please e-mail them to jostenso@pgcar.com.

 
 
VOTE TODAY!

2008 - 2009 BOARD OF DIRECTORS ELECTION
Closes this Wednesday, September 24th at 12:00 Noon

Click Here!
VOTE ONLINE AT PGCAR.COM

All PRIMARY and SECONDARY REALTOR® members are eligible to vote. Anyone who requested a paper ballot must return it by noon this Wednesday, September 24th to the Association Office. Ballots not received by the deadline date and time will not be counted.

 
2009 PRESIDENT
Linda Simpson Weichert, REALTORS®
 
2009 OFFICER CANDIDATES
President-Elect Michael Cerrito, Cerrito Realty
Secretary Willie Rhone, Weichert, REALTORS®
 
DIRECTOR CANDIDATES (4 to be selected)
Sonatta Camara Keller Williams Preferred Properties
Joanne Darling Darling Realty
Joshua Harrison GMAC Real Estate / Real Estate Service Center
Christopher Richardson RE/MAX Allegiance
Anthony Williams GMAC Real Estate / Real Estate Service Center

 
 
REALTOR® SAFETY WEEK
September 14 - 20, 2008

Although REALTOR® Safety Week is now past, REALTORS® are put at risk while fulfilling the requirements of their job every day of the year.

 
 
UPDATES ON FEDERAL ACTIONS IN RESPONSE TO CREDIT CRISIS

Another Weekend -- Another Federal Government Action

Friday evening, President Bush sent a proposal to Congress for emergency funding and approval to buy at-risk mortgage assets to contain financial fall-out from the mortgage services crisis. Our Executive branch and Congress worked through the weekend with a request from the President to have all signed by the time markets opened this morning. Details are still evolving as you read this. NAR is closely monitoring all of the ongoing Federal Government response to the continuing credit crisis. The NAR Washington D.C. Policy staff is working with regulatory agencies and elected officials on Capitol Hill to assure a robust secondary mortgage market. Liquidity in the mortgage market is essential to the health of the economy.

Where to get news? Follow developments and learn more about what this means to your business:

 
SALES COACH: PREVENTING FINANCING FIASCOS

You can take steps to prevent an eleventh-hour financing fiasco for your buyers. Even if you consider this a very low risk for your buyers, mortgage financing is of huge concern: most buyers want to save time, save money, and feel they can trust the lending party to follow through in a professional, reliable manner with their mortgage paperwork. Your knowledge and offer of assistance in referring a reputable lender will be appreciated.

Read a real-life example of a homebuyer whose lender suddenly disappeared and how a pro-active approach by the REALTOR® allowed them to still settle on their new home only four days after the scheduled settlement date.

 
 
PGCAR AFFILIATES - ADVERTISE AT 10% DISCOUNT
Which website had between 27,500 and 47,300 visitors PER MONTH over the last year?
www.PGCAR.com!

And now you may advertise your company on the PGCAR.com website.
Please click here for advertising details and contract >>

Advertising is not for real estate companies or agents
- it is for those who offer services of benefit to our real estate members and other website guests.

 
 
THE SENTRILOCK SYSTEM IS COMING NOVEMBER 10

The Prince George's County Association of REALTORS® will begin its conversion from SUPRA to SentriLock on November 10. As the time grows closer, we will continue to update you in the REALTOR® Connection, and post answers to the below and any other important questions you have, online at REALTOR® Resources.

  • How do I open a SentriLock box on property that I am showing in an area already using SentriLock? Answer >>
  • How do I register for the SentriLock Conversion? Answer >>
  • How do I guarantee I receive information about the Conversion?
    This one is answered in the next article. Please make sure we have your updated email and contact information.

WE WOULD BE HAPPY TO COME TO YOUR OFFICE TO TALK WITH AGENTS ABOUT THE EXCHANGE.
Simply contact Joan Ostenso at jostenso@pgcar.com or 301-306-7900. Thank you for your attention. We look forward to a smooth conversion!

 
 
ENSURE YOUR EMAIL IS CORRECT - It's Quick, It's Easy

Please update your membership records now to make sure you receive the latest information, including for the SentriLock conversion.

  1. Click here and log in to Members Only.
  2. Once logged in you'll see a Quick Link labeled Edit Your Membership Information on the right-hand side of page. Click this link, make any updates necessary, then click the Update button.
  3. You're Done. It's that easy. THANK YOU!

 
 

ATTENTION MARYLAND REAL ESTATE LICENSEES!
Have you been licensed in Maryland for 10 or more years?
Continuing education requirements will be the same for all real estate agents whose licenses expire as of October 2, 2008 and later.

If your license expires on or after 10/2/08, CE hours needed for license renewal are:

ALL Residential Licensees (regardless of years licensed) 15 hours which must include 3.0 legislative, 1.5 fair housing, 3.0 ethics
ALL Commercial Licensees (regardless of years licensed, for licensees performing exclusively commercial work, must perform NO residential business) 15 hours which must include 3.0 legislative & 3.0 ethics

 
 
EARN MORE — EARN YOUR GRI
GRI 300 Starts Next Friday, October 3
Sign up for the entire, 30 CE Series here!

Haven't taken GRI 100 yet? No problem — Earn Your GRI by taking
GRI Series 100, 200 and 300 in any order!
Hurry — Series 200 Sold Out in Advance!

  red arrow Module 301: Environmental / Health Issues Affecting Real Estate - Fri, Oct 3
  red arrow Module 302: Taxes - Thurs, Oct 9
  red arrow Module 303: Ethics & Mediation and Arbitration - Thurs, Oct 16
  red arrow Module 304: Legislative Update & Smart Growth and Land Planning - Wed, Oct 22
  red arrow Module 305: Real Estate Technology & Trends - Fri, Oct 24

 

 
CONTINUING EDUCATION

Earn ALL of your required Continuing Education hours for Maryland and DC license renewals -- and your GRI -- here at PGCAR and in relevant topics meeting TODAY'S educational needs.


This Wednesday, September 24
MD Code of Ethics
3 MD Required Ethics CEU; 3 DC Elective CEU
Don Martin 9:30 am - 12:30 pm

This Friday, September 26
Contracts
3 Elective CEU, MD & DC
Stu Stern 9:30 am - 12:30 pm
How to Save 10K & Your Real Estate License
1.5 Elective CEU; MD and DC
Stu Stern 1:30 pm - 3:00 pm
REALTOR® Etiquette & Professional Courtesies
1.5 Elective CEU; MD and DC
Stu Stern 3:15 pm - 4:45 pm

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

Monday, October 6
DC License Exam Preparation
No CEU
Prabhjit Singh 1:30 pm - 4:30 pm

Wednesday, October 8
DC Ethics
3 DC Required Ethics CEU
Prabhjit Singh 1:30 pm - 4:30 pm

Friday, October 10
DC Legislative Update
3 DC Required Legislative Update CEU
Prabhjit Singh 1:30 pm - 4:30 pm

Friday, October 17
MD Code of Ethics
3.0 MD Required Ethics CEU; 3.0 DC Elective CEU
Don Martin 9:30 am - 12:30 pm
MD Fair Housing Update
1.5 MD Required Fair Housing CEU; 1.5 DC Elective CEU
Don Martin 1:30 pm - 3:00 pm

Thursday, October 23
MD Legislative Update
3 MD Required Legislative Update CEU; 3 DC Elective CEU
Don Martin 9:30 am - 12:30 pm

 
ARE YOU REGISTERED TO VOTE?

The DC voter registration deadline is Monday, October 6.
Click here for a DC Voter Registration Form >> or
Register Online here >>

The Maryland voter registration deadline is Tuesday, October 14.
Click here for a Maryland Voter Registration Form >>

Customer Service Tip: Create a simple "Thank You" or "Thinking of You" note to mail to those you have sold a home to in the last 4 years. You may wish them well in their new home again. Politely and in a non-partisan way, share with them the online link or printed voter registration form and deadline to easily update their voting records -- so that they may vote in the polling location close to their new home.

Don't forget to include your business card or contact information!

 

Case #1-26: Subordination of Client's Interests to REALTORS®'s Personal Gain

REALTOR® B was a sales associate with XYZ, REALTORS®. To promote XYZ's in-house listings, the firm's principals offered $1,000 bonuses to the company's sales associates at time of closing on each of XYZ's listings they sold.

Dr. Z, a recent transferee to the town, entered into a buyer representation agreement with XYZ through REALTOR® B.

Dr. Z explained he had specific needs, foremost of which was any home he purchased be convenient for and readily accessible by Dr. Z's spouse who was physically challenged. "Part of my wife's physical conditioning program is swimming," said Dr. Z, "so in addition to everything else, I am looking for a home with a pool or room to build a pool."

REALTOR® B knew there were a number of homes for sale meeting most of Dr. Z's general specifications, several of which were listed with XYZ.

Over the next few days, REALTOR® B showed Dr. Z several properties in the Blackacre subdivision, all of which were listed with XYZ, including one with an outdoor swimming pool. Not included among the properties shown to Dr. Z were several similar properties in Blackacre listed with other firms, including one with an indoor pool.

After considering the properties shown to him by REALTOR® B, Dr. Z made an offer on the home with the outdoor pool. His offer was accepted and the transaction closed shortly thereafter.

Several months later, REALTOR® B received notice of an ethics complaint filed against him by Dr. Z. Dr. Z had learned about the home with the indoor pool from a colleague at the hospital who lived on the same block. The complaint alleged that REALTOR® B had put his interests, and those of his firm, ahead of Dr. Z's by promoting XYZ's listings exclusively and by not telling Dr. Z about a similarly-priced property with an indoor pool, which suited his family's needs better than the property he had purchased. The complaint went on to indicate that REALTOR® B had received a bonus for selling one of XYZ's listings and that Dr. Z suspected that REALTOR® B's failure to tell him about the home with the indoor pool was motivated by the opportunity to receive a bonus.

At the hearing, REALTOR® B defended his actions stating that properties rarely meet all of potential purchasers desires; that he had made Dr. Z aware of several properties that met most of his requirements, including one with an outdoor pool; and that Dr. Z must have been satisfied with REALTOR® B's service since he had purchased a home.

Based upon your interpretation of Code of Ethics Article 1, what do you believe the conclusion of the Hearing Panel should be? Find out the actual results here >>

SPOTLIGHT SPECIALS

CHOOSE YOUR SPECIAL!!!
  1. Buy 1 Ad, Get an Ad in The Gazette of Your Choice for 15% Off
  2. Buy 2 Ads, Get the 3rd Half Price
  3. Buy 3 Ads, Get the Internet FREE for 3 Months
    - ad must be the same ad that is in the spotlight and will run for 3 months straight

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 Heidi Lamere 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,
October 6
  Ad Copy
Deadline
Tuesday,
October 7
  Publication
Date
Thursday,
October 23

If you are interested in writing an article or placing an ad, please contact
Heidi Lamere at 240-473-7588 or hlamere@gazette.net.

 
 
DUES BILLING

Membership renewals have been mailed and may be paid online with a credit card. Click here and log in to view, print, and pay your dues renewal online! Pay online and enjoy the convenience of receiving an itemized receipt within a few minutes via e-mail. Your dues payment will also be included on your pgcar.com Members Only Online Order History when dues are paid online. Added convenience for you, and the streamlined processing saves your Association money.

2009 dues are payable no later than November 30th in order to prevent late charges. To pay in installments your first payment must have already been made. Remaining installment payments will be due as follows:

$546
(includes voluntary RPAC contribution of $35)
$511
(does not include voluntary RPAC contribution of $35)
August 15 - $205 (already paid)
Sept. 15 - $114 (already paid)
Oct. 15 - $114
Nov. 15 - $113
August 15 - $205 (already paid)
Sept. 15 - $102 (already paid)
Oct. 15 - $102
Nov. 15 - $102

 
 
CONFERENCE PREVIEW — The Journey to Success!

Business-changing ideas, productivity-enhancing products, rocking concerts, and Universal Studios. The 2008 REALTORS® Conference & Expo in Orlando has it all. Get a great sneak preview at REALTOR® Magazine Online >>

  • Excitement every day and night, Friday November 7 through Monday November 10
  • Full program tracks for Brokerage Management, Young Professionals, Entrepreneurial Excellence, International Markets, Commercial Real Estate and more! Pick and choose the full track or just one or two offerings from several tracks.
  • Trade Show with over 600 Exhibitors, and a New Technologies Showcase
  • Sunday night at Universal Studios, with Kool & The Gang.
  • Six hotels priced at $99 or less, and discounted airfare with United.

Click Here for Details and Registration >>

 
 

 

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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