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June 1, 2009

 

PGCAR members give back to their communities every day in a number of different ways; they are coaches, mentors and scout leaders. They deliver Meals on Wheels, work on Habitat and Christmas in April Homes. We have many REALTOR® companies that raise money every year for a favorite charity, collecting food, coats and toys. The problem we have is that no one is sharing what they do with PGCAR! Members do it to help, not for the recognition.

Well, please do toot your own horn for the good it could do! PGCAR could very easily win $10,000 to use for local charity. We could use it for another Habitat House. We could use it for a college scholarship for a deserving high school senior. We could give it to a food bank or numerous other charities...

...but we can't win if you don't tell us what you are doing!

Please take 10 minutes to share how you help your community!
Click here for an online form.

Let's win that $10,000 C.A.R.E. award for the Prince George's community at the 2009 MAR Convention. With your help we can do that. The deadline is extended to next Wednesday, June 10th. We know many of you participate in multiple community events, so please submit as early as possible and with photos and testimonials when available.

 
2009 CULTURAL DIVERSITY DAY

2009 ANNUAL CULTURAL DIVERSITY DAY
is this Thursday, June 4th
at La Fontaine Bleu

7963 Annapolis Road, Lanham

TRANSNATIONAL REFERRAL CERTIFICATION
SPECIAL PRESENTER: Prabhjit Singh

Time: 9:30 AM - 12:30 PM

Earn 3 MD CEU and jump start your TRC certification, while learning an excellent overview of the transnational referral market.
  • Learn how to integrate international referrals into your business plan.
  • Increase your income.
  • Distinguish yourself among 2 million brokers and agents worldwide.
  • Receive hands-on training in using the ICREA referral system and related services at WorldProperties.com.
  • Market yourself worldwide as "TRC" (Transnational Referral Certified).
  • Be part of a searchable database of certified professionals.
  • Learn on your own time; 24 hours/7 days a week (online version).

For more information on the TRC, e-mail consortium@realtors.org.

COST: $20 in Advance
(Continental Breakfast and Lunch included in Registration)

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

Sponsored by Women's Council of REALTORS® Prince George's Chapter
and Prince George's County Association of REALTORS®

 
 
Fundamentals of
Commercial Real Estate

This Friday, June 5, 2009:  9:00 am - 4:00 pm
at PGCAR, 8400 Corporate Drive, Suite 225, Landover, MD

Earn 6 CEU while learning an excellent overview of the commercial real estate market.   Full-day, 6 CE price: $150
  • Who are the players?
  • Key differences between commercial and residential markets
  • Handling commissions
  • Types of commercial assets
  • Detailed commercial transaction examples
  • Sales contract, lease clauses and why
  • Commercial property evaluation
  • Where to go for further commercial education
  • . . . and more relevant & helpful Commercial tips & topics

Instructor: D. Scott Smith, CCIM
KW Commercial, CLC Director, President of Maryland / DC CCIM Chapter

Register Today at pgcar.com

 
 
Rookie REALTOR® Society Presents:
How to Stay Out of Real Estate Jail
This Wednesday, June 3

At PGCAR,
8400 Corporate Drive, Suite 225
Landover, MD 20785

9:30 a.m. Registration & Networking
10:00 - 12:00 noon Seminar led by Steve Long, Assistant Director of the MD Real Estate Commission

FREE to all Rookies - just register in advance.

RSVP HERE!

The Rookie Society is all about jump starting into a great career! Come on out for FREE industry know-how and networking.

 
 
An Opportunity to
Help our Service Men and Women
Please join us and the USO on Saturday, June 13th at Ft. Belvoir, 9 a.m. to 3 p.m. to help pack boxes going to our service men and women who are deployed overseas.

Volunteer here to help bring smiles and much needed and enjoyed supplies to our troops. Contributions of $25 are also welcomed and will pay for the cost of one box containing supplies worth over $75.

Click here to Volunteer or Contribute >>

 
 

 

Classes include: MD Ethics, MD Legislative Update, DC Ethics, DC Fair Housing, What a REALTOR® Should Know About Mortgages and Title Issues? Title Solutions.

 
 
$8,000 TAX CREDIT NOW AVAILABLE AS FHA DOWN PAYMENT

EXTRA! EXTRA! Homebuyers across the country can now take advantage of a Federal Housing Administration program to allow qualified home buyers to apply the $8,000 tax credit when purchasing a home - - - at the time of closing or down payment.

FHA will now permit its lenders to provide a short-term bridge loan that will let qualified home buyers use the tax credit to either make a larger downpayment above the FHA required 3.5 percent, cover closing costs, or buy down their interest rate. Shaun Donovan, secretary of the Department of Housing and Urban Development, announced the formal approval just this past Friday, May 29. See the detailed HUD changes here.

"A true housing recovery depends on buyers returning to the market and reducing inventory," said National Association of REALTORS® President Charles McMillan. "Since many of the homes available are lower priced starter homes, the ability for individuals to use the tax credit at closing should have a meaningful impact on home sales and values and will allow thousands of families to achieve the dream of homeownership."

 
General 2009 First-Time Home Buyer Tax Credit Facts

Did you know that the maximum $8,000 First-Time Home Buyer Tax Credit may be received by single buyers with incomes up to $75,000 and married couples with incomes up to $150,000?

Discover all of the details at REALTOR.org >>
IRS Form 5405: First-Time Homebuyer Credit >>
IRS Guidelines >>

 
 
Who shall be named Prince George's REALTOR® of the Year?

It could be you, or someone you know whom exemplifies leadership and service.

But you first have to submit a nomination!
Nominations due Monday, June 15.

Click here for the REALTOR® of the Year Award nomination form and full details  (   )

 
 

2010 OFFICERS AND DIRECTORS
NOMINATIONS NOW OPEN
Click here to apply online!

Are you, or someone you know, interested in serving as a member of the 2010 Prince George's County Association of REALTORS® Board of Directors? The PGCAR membership will elect:

  • a President-Elect,
  • a Secretary, and
  • four (4) Directors to serve two-year terms.

All terms begin this October 1, 2009. Any individual wishing to run for President-Elect or Secretary

  • must be a REALTOR® member in good standing of PGCAR,
  • must have held membership in PGCAR for a minimum of two years and
  • must have served two years as a Member of the Board of Directors during the last four years.

Those running for a Director position

  • must be a REALTOR® member in good standing of PGCAR,
  • must have held Membership in PGCAR for a minimum of two years and
  • must have served on a PGCAR standing or special committee for two full years or two separate standing or special committees for one full year during the last four years.

Service on the Board of Directors requires a commitment to attend Board of Directors meetings (12 per year) and participate in other PGCAR activities. Interested in having your name considered by the Credentials Committee for inclusion on the ballot? Please complete the Online Candidate Form TODAY or you can print and fax a candidate form.

Forms must be received in the Association office by 5 p.m. Friday, July 10

Printed forms may be submitted by fax at 301-306-8273 or by e-mail to info@pgcar.com.

 

 

LEGISLATIVE ALERT - June 1, 2009

 
NEW CONDO AND "RESIDENCE IN DEFAULT" FORMS AVAILABLE - Effective Today

The Passage of HB 287 in the 2009 Maryland General Assembly Session Required that We Modify the Maryland Condominium Forms (Effective TODAY, June 1, 2009)

HB 287 clarifies that a condominium's Council of Unit Owners' responsibility to repair or replace the common elements extends to condominium units, exclusive of improvements or betterments installed in units by unit owners other than the developer in the event of damage or destruction to the condominium. The condominiums' Council of Unit Owners must also maintain property insurance on the common elements and units, exclusive of improvements and betterments installed in units by unit owners other than the developer.

Additionally, the bill requires a unit owner to pay the deductible of the condominium's master insurance policy, up to the statutory limit of $5,000, if the cause of the damage originated from the owner's unit. Notice of a unit owner's responsibility for the property insurance deductible must be (1) included in a condominium sales contract (both the initial public offering statement and any resale contract); and (2) given annually in writing by the condominium's council of unit owners to each unit owner. The legislation takes effect TODAY, June 1, 2009.

The following PGCAR condominium forms have been modified:

  1. PG Form 700: Condominium Resale Notice
  2. PG Form 701: Condominium Resale Disclosure/Transmittal of Documents
  3. PG Form 703: Resale of Condominium Acknowledgement

Feel free to direct any questions regarding these changes to Colette Massengale, Esq., MAR Staff Attorney, Legal Affairs, Colette.Massengale@mdrealtor.org or 800-638-6425.

New "Statement About Tenancy" Form Also Available

The new PG Form 1107: Rental - Statement About Tenancy" is to be used if a tenancy agreement is included in the contract of sale or transfer of a "residence in default." The law requires that the purchaser provide the homeowner with a "Statement About Tenancy" at the time the contract is executed. Section 7-301 of the Real Property Article, Annotated Code of Maryland defines a "residence in default" as residential real property that is the seller's principal place of residence, and on which the mortgage is at least 60 days in default.

 
 
Down Payment and Closing Cost Assistance
Neighborhood Stabilization Plan

Program Details in PGCAR.com Members Only
PowerPoint slides from the PGCAR/County "roll out" presentations are available at PGCAR.com as well as:
  • Down Payment & Closing Costs Assistance Guidelines - Updated May 4
  • Loan Application Checklist
  • Required Forms and Paperwork
  • Who Qualifies, including Qualifying Income Limits for Homebuyers
  • What Properties Qualify
  • Participating Lenders List with Contact Information - Updated May 16
  • NSP DPCCA Loan Amounts

NSP Sales Planning Action Items:

  • Search MRIS and create an inventory of foreclosed properties
  • Login to PGCAR.com Members Only for program documentation, guidelines, required forms and other helpful details.
  • While in Members Only, update your Member profile to help consumers find you.
  • Pre-Qualify buyers under the parameters of the income limits.
  • Encourage your buyers to attend 8 hour HUD approved housing counseling and financial literacy classes prior to NSP application. (See following article with June dates and times.)
  • Take the 3 CEU 203K Purchase Rehab class next Wednesday, June 10.

Prepare yourself and your clients to be ready for this opportunity.
LOGIN TO PGCAR.COM MEMBERS ONLY TODAY!

 

 
Have you updated your REALTOR® membership
profile for the NEW PGCAR.COM Consumer Site?

Developed to help home buyers and home sellers find the experts in Prince George's real estate. . . YOU !!

Click this graphic on the home page to visit the familiar PGCAR Member Services site!

Click here and log in to Members Only to edit your Membership profile.

 

 

PREPARE YOUR CUSTOMERS FOR DOWN PAYMENT
AND CLOSING COST ASSISTANCE

 
- HOMEBUYER EDUCATION CLASSES -

Homebuyers wishing to take advantage of Neighborhood Stabilization Plan (NSP) funds are required to complete eight hours of FHA/HUD approved housing counseling. PGCAR has partnered with a HUD certified housing counseling agency to offer FREE classes for your customers. The classes are designed for the home buying public. After completion of the required eight hour course attendees will be provided with the documentation necessary to qualify them for NSP down payment assistance. All classes will be held at the PGCAR offices.

 
JUNE HOMEBUYER CLASSES
Tuesday, June 2, 2009 5:30 p.m. - 9:30 p.m. Part 1 (4 Hours)
Thursday, June 4, 2009 5:30 p.m. - 9:30 p.m. Part 2 (4 Hours)
- - - - - - - - - - - -
Saturday, June 13, 2009 9:00 a.m. - 5:00 p.m. Parts 1 & 2 (8 Hours)
- - - - - - - - - - - -
Monday, June 22, 2009 5:30 p.m. - 9:30 p.m. Part 1 (4 Hours)
Wednesday, June 24, 2009 5:30 p.m. - 9:30 p.m. Part 2 (4 Hours)

See the entire class listing in the PGCAR.com Newsroom or Events Schedule >>
Call 301-567-3330 to register your customers.

 
 
CONTINUING EDUCATION

Earn YOUR GRI and All Required
MD & DC Continuing Education Hours
at PGCAR.


This Thursday, June 4
Transnational Referral Certification
3 MD Elective CEU
Prabhjit Singh 9:30 am - 12:30 pm

This Friday, June 5
Fundamentals of Commercial Real Estate
6 MD Elective CEU
D. Scott Smith, CCIM 9:00 am - 4:00 pm

Wednesday, June 10
203K Purchase Rehab
3 MD and DC Elective CEU
Michael Chelst 6:00 pm - 9:00 pm

Thursday, June 11
Contracts
3 MD and DC Elective CEU
Stu Stern 9:30 am - 12:30 pm
REALTOR® Etiquette & Professional Courtesies
1.5 MD and DC Elective CEU
Stu Stern 1:30 pm - 3:00 pm
MD Fair Housing
1.5 MD Required and DC Elective CEU
Stu Stern 3:15 pm - 4:45 pm

Tuesday, June 16
Reverse Mortgages
1.5 MD Elective CEU
Bruce Winstead 6:00 pm - 7:30 pm

Thursday, June 18
Building Green for REALTORS®
3 MD Elective CEU
Vimal Kapoor 9:30 am - 12:30 pm

Starting Thursday, July 9
GRI Series IV
- Full Series of 5 Classes Begins

30 Elective CEU, MD
8:30 am - 4:00 pm

Starting Wednesday, October 7
GRI Series I
- Full Series of 5 Classes Begins

30 MD CEU - covering 1.5 hrs Fair Housing,
3 hrs Ethics, and 25.5 hrs Elective CE
8:30 am - 4:00 pm

Full CEU Schedule >>

 
GRI Series IV starts THURSDAY, JULY 9
Reserve your spot to learn and earn more now!

Invest in your future.   Studies show that GRI educated agents earn over $33,000 more than REALTORS® without the GRI designation.

CLICK HERE TO REGISTER FOR THE 30 CEU, 5 CLASS SERIES.
Only $85 for REALTORS® per 6 CE class, or $325 for all five classes.
All classes held at PGCAR, 8:30 a.m. - 4:00 p.m.


Each class is limited to the first 40 Registrants — Register now!
Share the Flyer!

 

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.

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, 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,
Monday, June 8
  Ad Copy
Deadline
Wednesday,
June 10
  Publication
Date
Thursday,
June 18

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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