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January 12, 2009

 
PGCAR Office Hours - National Observances

The PGCAR Office will be closed next Monday, January 19th in observance of the Martin Luther King, Jr. holiday and next Tuesday, January 20th for Inauguration Day.

Please consider volunteering for community service to celebrate MLK, and our nation's future.

 
 
 
30 UNDER 30 - Nominations Due TODAY

REALTOR® Magazine will soon showcase 30 young real estate professionals who demonstrate innovation and leadership in the community and profession. Do you have stand-outs in your office who should be nominated? Speak out and have them or their broker submit a nomination.

To our under 30 members - nominate yourselves!
REALTOR® members under age 30 as of May 31, 2009 are eligible.

HURRY - Deadline is midnight tonight >>

 
 
NEW MEMBER ORIENTATION - January session postponed

The New Member Orientation scheduled for Wednesday, January 21 has been postponed. The new date will be announced on the PGCAR calendar and in REALTOR® Connection.

 
 
GIVE BLOOD — SAVE LIVES
Thursday, February 12
PGCAR is sponsoring and hosting a Red Cross Blood Drive® at the association office on Thursday, February 12.

Sign up now and come give the gift of life!


FRIENDS ~ FAMILIES ~ MEMBERS
THANK YOU TO ALL WHO DONATE!
PLEASE SIGN UP EARLY!


 
 
Washington, DC in Top 5 Expected Rental Markets For 2009-2013

Grub & Ellis Company released its 2009 forecast, which has both challenging and upbeat news for our area. In spite of the challenges in real estate, our area will remain hot as a top 5 rental house market.

Transfers into our area due to the new administration, BRAC, and other job opportunities, make our region attractive.

Full Article >>

 
 
 
FREE INFO BROCHURES FOR YOUR CUSTOMERS

Help walk your clients through every step of the real estate process. Use free handouts on hot topics from mortgages to moving with pets in your marketing materials, Web sites, and other communications with customers.

Just download and distribute >>

 
 
2009 MAR LEGISLATIVE DAY - WEDNESDAY, JANUARY 28

The Maryland Association of REALTORS® will host its annual Legislative Day Wednesday, January 28 at the Loews Annapolis Hotel. The program begins at 3:30 p.m. with registration starting at 3 p.m. Key Legislative officials have been invited and the program will feature various guest speakers briefing us on top issues affecting REALTORS® in the upcoming 2009 General Session. A reception will follow at 6 p.m. and will conclude at 8 p.m.

REALTORS® and their guests are welcome to attend the 3:30 Legislative Day Program FREE. All are also welcome to attend the evening reception for a modest $15 "cover" for drinks and hors d'oeuvres.

Please RSVP your attendance plans, for both the Legislative Day Program and Reception to Sheryl Bergman via email to sheryl.bergman@mdrealtor.org or by phone at (410) 841-2162.

Meet your local legislators and show our REALTOR® strength.
We hope to see everyone there to start off the 2009 Legislative Session right!

 
 
SAVE THE DATE...Registration Coming Soon!
Rookie REALTOR® Society Presents:
FHA & VA Financing
Thursday, February 5, 2009

Are you a PGCAR member who has been a REALTOR® four years or less? If yes, do not miss the Rookie REALTOR® Society meetings!!   FREE information on need-to-know topics.

As we finalize our 2009 Meeting schedule, please voice YOUR preference of meeting times. Most Rookie meetings have been held Thursday mornings. Does this time, or an evening time work best for you?

Just click here to take part in the straw poll
Choices are:

  • Only Daytime meetings work for me.
  • I prefer daytime meetings.
  • Daytime and Evening meetings both work for me.
  • I prefer evening meetings.
  • Only Evening meetings work for me.

Are you a Broker / Manager? Please encourages your Rookie REALTOR® agents to take advantage of these FREE networking and training opportunities. We also want your feedback on day versus evening. Please note in survey comments if you are not a Rookie REALTOR® and answering the straw poll.

 
 
 
BRAC ZONE NEAR ANDREWS APPROVED

Area will receive share of $5 million in state funding

A 665-acre area surrounding Andrews Air Force Base will receive state money to help communities keep pace with thousands of jobs coming from military reorganization.

In an announcement by Lt. Gov. Anthony Brown, the area in southern Prince George's County was confirmed as among five state zones near military bases which will receive a total of $5 million to ready schools, roads and transportation for growth from the Base Realignment and Closure process. The reorganization is slated to begin in 2010. "The $5 million can help these local areas leverage in upwards of $100 million in capital," said Brown's press secretary Mike Raia.

The 655-acre area near Andrews Air Force Base includes the Branch Avenue Metro station and commercial corridors along Auth Road, Suitland Parkway, Branch Avenue and Allentown Road. Land around the Branch Avenue Metro station along Auth Way will house commercial corridors and mixed-use properties with office space. Current plans for the area include an arts district along Allentown Way in Temple Hills and The Town Center at Camp Springs, near the Branch Avenue Metro station.

As many as 3,000 additional government employees will be relocated to Andrews Air Force Base beginning in 2010.

Full article >>

 
 
2009 ECONOMIC OUTLOOK:
Know the Market and Accentuate the Positives

To succeed in this environment, turn the tough facts about the economy to your favor by identifying your market opportunities and painting a compelling picture for your customers about why now is the time to get into the market, either as a seller or a buyer. The 30 second answer? Low mortgage rates and long-term wealth building are reasons enough for home ownership. But take time to learn more.

To help you chart your course for the year, REALTOR® Magazine has linked together NAR's 2009 forecast for the economy and housing with insight from veteran practitioners on how to leverage today's conditions for maximum sales. Full Article >>

 
 
CONTINUING EDUCATION



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 SOLD OUT!
3 MD Elective CEU; 3 DC Elective CEU
Donna Hurley 1:00 pm - 4:00 pm

Thursday, January 22
Reverse Mortgages
1.5 MD Elective CEU
Bruce Winstead 9:30 am - 11:00 am

Friday, January 23
MD Code of Ethics
3 MD Required Ethics CEU; 3 DC Elective CEU
Larry Hudson 9:30 am - 12:30 pm

Tuesday, January 27
203K Purchase Rehab SOLD OUT!
3 MD Elective CEU; 3 DC Elective CEU
Michael Chelst 6:00 pm - 9:00 pm

Wednesday, January 28
MD Legislative Update
3.0 MD Required Legislative Update 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

Friday, February 13
MD Legislative Update
3.0 MD Required Legislative Update 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, February 19
MD Code of Ethics
3 MD Required Ethics CEU;
3 DC Elective CEU
Don Martin 9:30 am - 12:30 pm

Wednesday, February 25
Contracts
3 MD Elective CEU;
3 DC Elective CEU
Stu Stern 9:30 am - 12:30 pm

 

INCLEMENT WEATHER / SNOW POLICY:
PGCAR classes will be conducted unless the Prince George's County Government is closed. If you are registered for a class and cannot attend because of inclement weather, your registration fee will be returned or transferred to a future class.

If Prince George's County Public Schools are CLOSED, all PGCAR Committee Meetings will be cancelled. If Prince George's County Public Schools are on a delayed schedule, Committee Meetings will be held as scheduled.

PGCAR offices will be open unless the Prince George's County Government is closed.

 

Code of Ethics Case Study: Case #8-2: Request for Investigation Filed by
Board with the State Real Estate Commission

REALTOR® A listed Client B's residential property and sold it to Buyer C, who made a substantial deposit subject only to Buyer C's obtaining a mortgage on terms and conditions not exceeding a specified rate of interest within 60 days.

REALTOR® A assisted Buyer C by introducing him to officials of a lending institution, and after processing of his application for a mortgage, a written mortgage commitment was made by the lending institution which met the terms and conditions of the sales agreement. However, shortly after the mortgage commitment was received by Buyer C, REALTOR® A received a certified, return receipt requested letter from Buyer C, advising that Buyer C had changed his mind and would not go through with the sale. REALTOR® A discussed the matter by phone, but Buyer C said he would rather forfeit his deposit and definitely would not complete the sale, even at the risk of the seller suing for specific performance.

REALTOR® A then advised Client B of Buyer C's refusal to go through with the sale and Client B told ® A that he did not wish to sue Buyer C, but would just accept a portion of the forfeited deposit as specified in the listing agreement between Client B and REALTOR® A.

REALTOR® A then obtained a written release from the sale from Client B and Buyer C, and promised to send Client B a check for the portion of the forfeited deposit due to Client B as specified in the listing agreement. However, REALTOR® A failed to send Client B a check and Client B filed a complaint with the Executive Officer of the Board alleging a violation of Article 8 of the Code of Ethics.

At the hearing, Client B stated that he had no complaint about REALTOR® A's services to him except REALTOR® A's failure to provide Client B with the portion of the forfeited deposit due him, and that after several telephone calls and letters, REALTOR® A had told Client B that he would provide the forfeited monies due Client B "just as soon as he could." Client B said REALTOR® A told him he had some unexpected expenses and therefore Client B would have to wait until REALTOR® A obtained other funds which he expected to receive shortly.

REALTOR® A admitted the facts as related and further admitted that he had not placed the deposit received from Buyer C into an escrow account, but had placed it in his general funds. He said that unexpected expenditures had caused a deficit balance in these funds, and he would pay Client B as soon as he could.

Based on your understanding of the Code of Ethics Article 8, how do you think the Professional Standards Panel ruled? Bonus Question: Is there also a possible violation in this case, calling for notification of the State Real Estate Commission?

Find out here >>

 
 
Membership Renewals are Now PAST DUE!
(They were due November 30.)

Annual Membership Renewal Countdown

Haven't renewed yet? Save the loss of lockbox, MRIS discounts and other REALTOR® Membership benefits. Renewing online is as easy as 1-2-3.

     1 - Click here
     2 - Log in
     3 - Renew online and receive your
           itemized 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

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: This Thursday, January 15, 2009

 
 
NAR FLOAT WINS TOURNAMENT OF ROSES DESIGN AWARD
Did you miss the 2009 Tournament of Roses Parade and the award-winning NAR Float?

Tune in here - to online video of the parade float's construction and New Year's Day participation >>

 
 
 

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
TODAY, 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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