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December 15, 2008

at Lavar Arrington's SIDELINE RESTAURANT
The Boulevard, 880 Capital Center Boulevard, Largo, MD

Each $20 Ticket Purchase to Tuesday Night's Event Feeds a Family - Buy for Yourself or as a Gift
You & Your Guests will Enjoy a Business Attire / Semi-Formal Event · Delicious Cuisine
Live Music by The Secret Society Band · Prize Drawings · Great Networking

This is to Help the Community - Sponsorships Still Available!
Feed 25 Families with a $500 Platinum Sponsorship
Feed 15 Families with a $300 Gold Sponsorship
Feed 10 Families with a $200 Silver Sponsorship

Buy Your Tickets or Sponsorships at
www.PGCAR.com >>

Please Make YOUR Reservations ASAP, so we can plan, pack
then deliver the food baskets this Friday - in plenty of time for the holidays!

Questions or further information?
Contact Eric Womack at 240.482.5023 or EricWomackProperties@gmail.com.


Volunteer to Pack or Distribute the 800 Baskets of Food


We also need lots of volunteers to help feed 800 Prince George's County families during this Christmas Holiday. Each $20 ticket sold to the Charity Event will provide a complete box of food for a family in need. Each box will contain at minimum: A whole chicken, breakfast sausage, fish fillets, kielbasa, macaroni, stuffing mix, frozen sweet potato pie, sweet potatoes, white potatoes, onions, oranges, a 3 lb bag of apples, and vegetables.

Packing of food will take place at Share Food, 5170 Lawrence Place, Hyattsville this Thursday, December 18 - Volunteer Here >>

The food will be distributed this Friday, December 19. Volunteers will meet at the PGCAR Association Offices. Volunteer to Help Distribute Food >>

 
Rookie REALTOR® Society Presents:
Real Estate Tax Planning
Thursday, January 8

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!

 

In This Issue:
Coming Soon - Every Voice Counts!
Fair Housing Corner
Community Service
Did you know that...
REALTOR® Resources
Cultural Spotlight... Paraguay

Click Here to Read the November/December 2008 Newsletter >>

 
PGCAR MEMBERS ONLY FORMS SECTION - 5 Updated Forms!

Five forms were updated or added in November . . . Do you have all of these forms?

Updated Sales Contracts & Inspection Addendum
red arrow PG 1301: Prince George's County Standard Addendum of Clauses
red arrow PG 1302: Prince George's County Disclosure and Notice Addendum (DNA)
red arrow PG 1331: Prince George's County Jurisdictional Addendum to the Regional Sales Contract
New Contract Addendums
red arrow PG 1322A: Unilateral or Mutual Termination of Contract
red arrow PG 1322B: Mutual Release of Deposit Agreement

It's easy to see updated and new forms! Log in to the PGCAR.com Members Only section, then click on "Revised" at the top of the forms listing. Forms which have been most recently updated will be listed at the top. You may also sort by form number or description.

ALSO -- 6 FORMS WERE UPDATED OR ADDED OCTOBER 2008.
BE SURE TO UPDATE YOUR ZIPFORMS SO THAT YOU ARE USING THE MOST UP-TO-DATE FORMS!

 
 
CONTINUING EDUCATION

REALTORS® Required to Complete Ethics Training for Second Cycle -- Deadline December 31, 2008 - Between January 1, 2005 and December 31, 2008, every REALTOR® is required to complete 2 1/2 hours of Code of Ethics training. If you have not yet taken the online course at realtor.org, one of the 3 CEU Ethics courses offered by PGCAR, or another Ethics course known to be qualified by NAR, please take the online now at realtor.org.

As the deadline approaches, traffic volume and wait times on the online course are increasing. REALTOR.org registration, which is required to complete the online training course, is also experiencing longer wait times (approximately one hour) due to heavy traffic volume. If you plan to take the course online and are not registered on REALTOR.org, you should register for the site ahead of time if possible.

Be quick and avoid the online wait -- there are a few spots left for this Wednesday's Ethics class at PGCAR. Register here >>



This Wednesday, December 17
MD Code of Ethics
Class Just Added!
3 MD Required Ethics CEU
; 3 DC Elective CEU
Larry Hudson 6:00 pm - 9:00 pm

This Thursday, December 18
Real Estate Tax Issues
1.5 MD Elective CEU; no DC CEU
Linda de Marlor 9:30 am - 11:00 am

Friday, January 9
Workforce Housing Certification
Three Classes in One Day!
SOLD OUT!
Required for WHC certification
6 MD Elective CEU
TBD 9:00 am - 3:45 pm

Tuesday, January 13
203K Purchase Rehab SOLD OUT!
3 MD Elective CEU; 3 DC Elective CEU
Donna Hurley 9:30 am - 12:30 pm

Friday, January 16
203K Purchase Rehab
3 MD Elective CEU; 3 DC Elective CEU
Donna Hurley 1:00 pm - 4:00 pm

 

Code of Ethics Case Study: #6-5:
Advertising Real Estate-Related Products and Services

REALTOR® X, a principal broker in the firm XY&Z, prided himself on his state of the art website that he used both to publicize his firm and to serve the firm's clients and customers electronically. REALTOR® X maintained positive business relationships with providers of real estate-related products and services including financial institutions, title insurance companies, home inspectors, mortgage brokers, insurance agencies, appraisers, exterminators, decorators, landscapers, moving companies, and others. Given the volume of business REALTOR® X's firm handled, several of these companies advertised on the XY&Z home page and some of them, including the Third National Bank, included links to their own websites.

Buyer B, who had earlier entered into an exclusive buyer representation agreement with XY&Z, received frequent, automated reports from REALTOR® X about new properties coming onto the market. Hoping to purchase a home in the near future, he took advantage of REALTOR® X's rich website to familiarize himself with the real estate-related products and services advertised there. Hoping to expedite his purchase experience by pre-qualifying for a mortgage loan, Buyer B went to REALTOR® X's website and clicked on the Third National Bank's link. Once at the bank's website, he found a mortgage to his liking, completed the on-line application process, and learned in a matter of days that he was qualified for a mortgage loan.

In the meantime, Buyer B's property search, guided both by REALTOR® X personally and through periodic updates from REALTOR® X's Web site, proved fruitful. REALTOR® X and Buyer B visited a new listing on Hickory Street several times. Buyer B decided it met his needs and made an offer which was accepted by the seller.

A few weeks after the closing, Buyer B hosted a housewarming attended by his friend D, a website designer who had, coincidentally, been instrumental in developing REALTOR® X's website. Buyer B told D how helpful the information from REALTOR® X's website had been. "You know, don't you, that each time a visitor to REALTOR® X's website clicks on some of those links, REALTOR® X is paid a fee?", asked D. "I didn't know that," said Buyer B, "I thought the links were to products and services REALTOR® X was recommending."

Buyer B filed an ethics complaint against REALTOR® X alleging a violation of Article 6 for having recommended real estate products and services without disclosing the financial benefit or fee that REALTOR® X would receive for making the recommendation. At the hearing, REALTOR® X defended himself and his website, indicating that the advertisements for real estate-related products and services on his website were simply that, advertisements, and not recommendations or endorsements. He acknowledged that he collected a fee each time a visitor to his website clicked on certain links, regardless of whether the visitor chose to do business with the "linked to" entity or not. "In some instances I do recommend products and services to clients and to customers. In some instances I receive a financial benefit; in others I don't. But in any instance where I recommend a real estate-related product or service, I go out of my way to make it absolutely clear I am making a recommendation, and I spell out the basis for my recommendation. I also disclose, as required by the Code, the financial benefit or fee that I might receive. Those advertisements on my website are simply that, advertisements, no different than classified ads run in the local newspaper."

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

Find out here >>

 
 
Membership Renewals are Now PAST DUE!
2008-09 REALTOR® Membership Dues were due
Sunday, November 30th.

Annual Membership Renewal Countdown

Save loss of lockbox, MRIS discounts and other REALTOR® Membership benefits. Renewing is as easy as 1-2-3.

     1 - Click here
     2 - Log in
     3 - Renew online and receive your receipt immediately !

Thank You for Making PGCAR One of the
BEST professional associations!

 
 
 
MIT WOMEN'S TECHNOLOGY PROGRAM

Do you know any female students in 11th grade who:

  • love and excel at math and science but have very little or no prior experience in engineering
  • would like to experience hands-on activities where they design and build engineering projects
  • enjoy problem solving and collaborative learning
  • want to spend 4 summer weeks challenging their minds, working hard, and making friends with girls from around the U.S. who share their math and science interests

Please have them apply for the Women's Technology Program (WTP), a rigorous four-week academic and residential experience at MIT where female high school students explore engineering through hands-on classes, labs, and team-based projects in the summer after 11th grade.

Help spread the word about this life-changing opportunity!
Promotional PDF flyer >>

Website and Application >>
Application Deadline: January 15, 2009

 
 
NAR FLOAT BEING BUILT FOR TOURNAMENT OF ROSES PARADE
Don't miss a minute of the excitement surrounding NAR's parade float.

See "behind-the-scenes" video of the parade float's design, construction, and participation in the Tournament of Roses Parade >>

 
 
PGCAR HOLIDAY HOURS

Association offices will be Closed next Thursday, December 25 and Friday, December 26, 2008 for Christmas and on Thursday, January 1 and Friday, January 2, 2009 for the New Year Holiday.

We wish you and your family a
very Happy Holiday!

 

SPOTLIGHT SPECIALS

Place your ad 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.

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 Association of REALTORS® - brought to you by The Gazette.

Article
Deadline
Monday,
January 12
  Ad Copy
Deadline
Wednesday,
January 14
  Publication
Date
Thursday,
January 22

If you are interested in writing an article or placing an ad, please contact
Heidi Lamere at 240-473-7588 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  :  ©2008, PGCAR

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