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November 3, 2008

 
EXERCISE YOUR RIGHT TO VOTE!
The Presidential Election is
TOMORROW, November 4
Polls Open 7 am - 8 pm

 
Maryland Voters: Find your polling place here >>

DC Voters: Find your polling place here >>

 
 

SENTRILOCK CONVERSION
IS NEXT WEEK !


Association Offices are closed
November 10th to November 14th


Click here for SentriLock FAQs


Important: You Must Be Pre-Paid and Pre-Registered for Your SentriLock Conversion

You MUST be Pre-Registered for a Specific Exchange / Training Session and MUST have Pre-Paid your Annual Lockbox Service Fee. If you already have a PGCAR SentriLock Card, you will not be required to pay again but you must still be Pre-Registered for the Conversion.

Walk-ins and payments will not be accepted on the day of the conversion.
REGISTRATION IS EXTENDED UNTIL THIS WEDNESDAY, NOVEMBER 5 AT 5:00 PM.
If you have not received an email from SENTRILOCK with a link to register,
they can be reached at 1-877-736-8745.

IF YOU DO NOT ATTEND THE CONVERSION THE WEEK OF NOVEMBER 10TH, you will only receive 1 REALTOR® Lockbox for every 2 Supra lockboxes plus there will be a $100 penalty charged. Any Supra Lockboxes not exchanged by December 15th, will not be exchanged. IT IS OF UTMOST IMPORTANCE THAT YOU REGISTER FOR AND ATTEND THE CONVERSION.

Reciprocity

If you are licensed in DC, Delaware or Virginia and would like to have access to these areas with your SentriCard, YOU MUST fax a copy of your license(s) to 301-306-8273 or bring a copy with you to the conversion. If this information is not provided before or during the conversion, your access to these areas will be delayed.

 
LEGISLATIVE RECEPTION

Legislative Reception

Tuesday, November 18th at Jasper's
6 p.m. to 8 p.m.

Take advantage of this rare opportunity to meet with your elected officials. The invited guests include: Prince George's County State Senators and Delegates, County Executive Jack Johnson and Members of the Prince George's County Council. WE CANNOT HAVE INFLUENCE IF WE DO NOT SHOW THAT WE ARE INTERESTED AND INVOLVED. It is important that you attend this Legislative Reception to become informed and show our strength.

Click Here to Register >>

For a printable flyer Click Here.

 

Thursday, November 20 at La Fontaine Bleu
Earn 6 CE hours for MD and DC license renewal

Terrific Instructors,
Breakfast, Lunch &
Our Famous
Top-it-as-you-like-it
Ice Cream Social

All for Only
$75 for Members;
$100 Non-Members

  • MD Code of Ethics, Flipping, Predatory Lending
    3.0 CEU - MD required & DC elective hours
    Instructor: Don Martin
  • DC Legislative Update
    3.0 CEU - DC required hours
    Instructor: Prabhjit Singh
  • ABC's of Rentals
    3.0 CEU - MD elective hours
    Instructor: Chris Majerle
  • MD Legislative Update
    3.0 CEU - MD required & DC elective hours
    Instructor: Don Martin
  • DC Ethics
    3.0 CEU - DC required hours
    Instructor: Prabhjit Singh
  • Real Estate Tax Issues
    1.5 CEU - MD elective hours
    Instructor: Linda de Marlor
  • Financing Options for Today's Buyer
    1.5 CEU - MD elective hours
    Instructor: Bruce Meyers
ABC's of Rentals - New Class!
Differentiating between Rentals and Property Management

Definitions: Rent / Lease – A transaction between a landlord and a tenant, with landlord and/or tenant utilizing the services of a REALTOR® as their agent, sub or cooperating agent. The process begins with listing the property for rent, obtaining licenses and lead clearances, marketing, showing, application process and the lease execution. Beyond this, you are engaged in Property Management.

Property Management typically entails the collection of rents, accounting, property inspections and administering repairs. Agents who are employed only to find tenants or to find housing for tenants do not participate in these functions and should avoid commenting on future actions or procedures relative to these functions.

REALTOR® involvement in rentals: Whether you are renting a property you own or you are representing either a landlord or tenant, you are engaged in the business of rentals. Some of us make a career of this while others do it out of some real or perceived necessity. We lease our own investment properties. We handle rentals for good clients. We help tenants rent in the hope that they will return as buyers one day.

CLICK HERE TO REGISTER & SELECT YOUR CLASSES NOW !

Click here for printable flyer.

 
Save the Date!
Annual Holiday Party
December 9th - 12 Noon to 4 p.m.
La Fontaine Bleu
- Food for the Hungry and Coats for the Needy -
Bring your non-perishable food items and coats to the
Association office or the Annual Holiday Party.
This year, more than ever before, we need to help those in need.

 
KNOW SOMEONE AFRAID
OF LOSING A HOME?

Behind on mortgage payments?
Facing foreclosure?
Have a predatory loan?
Worried about high interest rates?
  Home Retention Workshop


F R E E Home Retention Workshop
This Sunday, November 9, 10:00 a.m. - 2:00 p.m.
Presentations: 10:00 a.m., 11:30 a.m. and 1:00 p.m.
Ascension Catholic Church
12700 Lanham-Severn Road,, Bowie, MD 20720

CALL 301-883-HOME (4663) TO REGISTER
(Department of Housing & Community Development)

FREE information on where and how to get help
Learn what federal, state and local governments are doing; the protections available for homeowners and how you can help your community stem the tide of foreclosures.

FREE one-on-one legal consult
(pre-register to guarantee a free legal consult)
For consult, you must bring all paperwork related to your current and former mortgages, including loan applications, settlement paperwork and lender statements; all foreclosure notices or threats of foreclosure, if any; and your budget, including all expenses and household income.

Click for Printable Brochure >>

Prince George's County Home Affordability

HOMEOWNERSHIP PRESERVATION... WHERE DO WE TURN?

According to Freddie Mac, 6 in 10 families losing their homes don't know where to turn for guidance and advice. REALTORS® need to know where to direct their clients for these types of services to both prepare them for homeownership and advise them on methods of keeping their homes once they acquire them.

In Prince George's County, the Housing Authority offers advice through its Homeownership Preservation Program. For more information on the services they provide, please contact:

www.princegeorgescountyha.org
Email: homeowner@co.pg.md.us
Phone: (301) 883-HOME (4663)

Would you like to know several more worthwhile sources for yourself and your clients, including:

  • Local HUD-certified housing counseling services
  • Maryland Department of Housing and Community Development (DHCD) Programs to Help During the Mortgage Crisis
  • Home From Work
  • Sale and Land Softly Alternative (SALSA) - a partnership with The Coalition for Homeownership Preservation in Prince George's County and PGCAR, to help prevent foreclosures
  • Maryland HOPE
  • www.MDHomePrograms.com

Find all of these resources and detailed information in the pgcar.com Housing Affordability section, brought to you by the PGCAR Housing Affordability Committee.

Remember, financial counseling and education are essential keys to homeownership preservation.

 
RPAC PIE BAKING CONTEST

RPAC Pie Baking Contest

Friday, November 21
2:30 - 5:30 pm @ the PGCAR Office

Bake your favorite pie or just come and be a "judge". Yum!!!
The cost is only $10 to participate as a baker or a judge. Proceeds go to RPAC.

Register Here >>

REALTOR® Political Action Committee (RPAC) Contributions
Contributions are not deductible for Federal income tax purposes. RPAC contributions are voluntary and used for political purposes. You may refuse to contribute without reprisal or otherwise affecting your membership rights. 70% of your contribution goes to your State Association to support state and local political candidates. 30% is sent to National RPAC to support Federal candidates and is charged against your limits under 2 U.S.C. 441a.

 

2008 Annual REALTORS® Expo and Conference in Orlando Florida

 
 
 
Lance Armstrong in action
Lance Armstrong
"Choose to be a Champion in Life"


GENERAL SESSION
This Saturday
November 8
4 - 6 pm

4   D A Y S   &
  C O U N T I N G !
Your GPS for Navigating the Real Estate Market

Register today to attend the REALTORS® Convention and Expo in Orlando, Florida on Friday, November 7 - Monday, November 10. Come for the largest real estate expo in the country and stay for the hundreds of sessions to help you move your business forward.
  • 4 days of intensive training you cannot find at any other real estate event!
  • Programs for brokers, sales agents, commercial practioners, IT professionals, International specialists, property managers, and more — 200 programs in all!
  • Latest ideas and techniques for selling in today's challenging markets — sessions cover everything from short sales to presentations that get the listing.
  • Grow beyond your local marketplace — develop relationships with developers in the International 2nd Home & Resort Pavilion.
  • Learn valuable insights on leadership and marketing from Web marketing innovators, sports, loyalty and service experts and creativity coaches from this year's Entrepreneurial Excellence Series.
  • Renew your technology skills and increase productivity with hands-on training at the Technology Learning Center.
  • Special low rates at NAR Conference Hotels.

Click Here for Schedule & Registration

 
 
COMMERCIAL DAY IN ORLANDO - NOVEMBER 8

RCA, REALTORS® Commercial Alliance
Featuring Networking, Experts and more!
Join RCA at the 2008 REALTORS® Conference & Expo in Orlando for a full day of educational sessions, networking and more, completely devoted to the commercial real estate professional.

Start your day off with your ticket for Commercial Caffeinated Networking Breakfast - be sure to register in advance for this event as space is limited.

Participate in educational sessions throughout the day and stay to enjoy the Red Carpet Reception where you can mingle with colleagues. Read More >>

 
Rookie REALTOR® Society Presents:
Business Planning
Thursday, December 4

At La Fontaine Bleu,
7963 Annapolis Road
Lanham, MD 20706

9:30 a.m. Registration & Networking
10:00 - 12:00 noon Seminar

FREE to all Rookies, but registration is required.

RSVP HERE!

 
 
"GETTING IT SOLD" - Effective Tips for Home Sellers

The "Getting It Sold" brochure can help sellers prepare their home with tips on curb appeal, staging, showing, and updating for success.

Buy at NAR Members Pricing Here >>

 
 
HOUSING STABILIZATION KEY TO ECONOMIC RECOVERY
The National Association of REALTORS® has stepped up its challenge to lawmakers encouraging them to take new, decisive actions to address the continuing problems in the housing industry, as well as the ongoing economic crisis.

"Our members see firsthand the impact that an unstable housing market is having on communities all across this great country," said Richard F. Gaylord, NAR president. "The U.S. Treasury and Congress need to work together to ensure that the American people - not Wall Street and large banks - benefit from the economic recovery plan."

Article and detailed suggestions delivered to Secretary Paulson and legislators >>

 
 
CONTINUING EDUCATION

Required Continuing Education for Maryland and DC license renewals are all offered here at PGCAR. Register here or by clicking on class titles below.


This Thursday, November 6
Pre-Qualifying Home Buyers
1.5 Elective CEU, MD
Kenneth Bossard 6:00 pm - 7:30 pm

Next Thursday, November 13
Housing Slump - Its Affect on Buyer & Seller
3 Elective CEU, MD
Pat Miller 9:30 am - 12:30 pm

Thursday, November 20
"Back to School" Education Day
Earn up to 6 CEU, MD and/or DC
Various Instructors 9:00 am - 4:50 pm

Wednesday, December 3
DC Fair Housing & Predatory Lending
3 DC Required Fair Housing CEU
Prabhjit Singh 9:30 am - 12:30 pm
DC License Exam Preparation Prabhjit Singh 1:30 pm - 4:30 pm

 

HomeFree-USA, a HUD-approved nonprofit homeownership counseling organization,
is giving REALTORS® a chance to offer FREE homeownership classes.

 
Here's How To Get Your Personal Event in Motion. . .

  1. Click Here for Class Scheduling Options, choose a preferred date, and reserve that date with HFUSA by calling Christopher Gales at 301.891.8400, or e-mailing Christopherg@homefreeusa.org.
  2. Invite clients and RSVP for a minimum class of 30.
  3. Let HomeFree-USA educate your clients at your personal event by providing FREE resources to promote your event. All of this is FREE — event space, facilitator, course materials & refreshments.
  4. Your clients RSVP easily by website or by phone.

First Come, First Served on Class Dates and Times
Read More About HomeFree-USA Here >>

 

Code of Ethics Case Study: #3-10:
Disclose Accepted Offers with Unresolved Contingencies

REALTOR® A listed Seller S's house and placed the listing in the local association's MLS. Within a matter of days, REALTOR® X procured a full price offer from Buyer B. The offer specified that Buyer B's offer was contingent on the sale of Buyer B's current home. Seller S, anxious to sell, accepted Buyer B's offer but instructed REALTOR® A to continue marketing the property in hope that an offer that was not contingent on the sale of an existing home would be made.

A week later, REALTOR® Q, another cooperating broker working with an out-of-state transferee on a company-paid visit, contacted REALTOR® A to arrange a showing of Seller S's house for Buyer T. REALTOR® A contacted Seller S to advise him of the showing and then called REALTOR® Q to confirm that he and Buyer T could visit the property that evening. REALTOR® A said nothing about the previously-accepted purchase offer.

REALTOR® Q showed the property to Buyer T that evening and Buyer T signed a purchase offer for the full listed price. REALTOR® Q left the purchase offer at REALTOR® A's office.

REALTOR® A informed Seller S about this second offer. At Seller S's instruction, Buyer B was informed of the second offer, and Buyer B waived the contingency in his purchase offer. REALTOR® A then informed REALTOR® Q that Seller S and Buyer B intended to close on their contract and the property was not available for purchase by Buyer T.

REALTOR® Q, believing that REALTOR® A's failure to disclose the existence of the accepted offer between Seller S and Buyer B at the time REALTOR® Q contacted REALTOR® A was in violation of Article 3 of the Code of Ethics, as interpreted by Standard of Practice 3-6, filed an ethics complaint with the association of REALTORS®.

At the hearing called to consider the complaint, REALTOR® A defended his actions noting that while Buyer B's offer had been accepted by Seller S, it had been contingent on the sale of Buyer B's current home. It was possible that Buyer B, if faced with a second offer, could have elected to withdraw from the contract. REALTOR® A argued that continuing to market the property and not making other brokers aware that the property was under contract promoted his client's best interests by continuing to attract potential buyers

Based on your understanding of the Code of Ethics Article 3, how do you think the Professional Standards Panel ruled?

Find out 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
TODAY,
November 3
  Ad Copy
Deadline
TOMORROW,
November 4
  Publication
Date
Thursday,
November 20

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

 
 
Annual Membership Renewal — Due November 30!

Click here and log in to renew your REALTOR® dues by November 30th to prevent any late charges. To pay in installments your first 3 payments must have already been made. Your last installment payment is due November 15:

$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 (already paid)
Nov. 15 - $113
August 15 - $205 (already paid)
Sept. 15 - $102 (already paid)
Oct. 15 - $102 (already paid)
Nov. 15 - $102

 

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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