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October 5, 2009

 
- - - Tax Credit Call for Action Update - - -

Tax Credit Call for Action Update The Call for Action (CFA) asking Congress to "extend and expand" the homebuyer tax credit is still open. NAR has been working hard to get this CFA out there amongst the members, and it seems to be paying off!

More than 125,000 REALTORS® have taken action which is greater than an 11% response rate. That's right, we've passed the hundred thousand mark and ten percent mark!!

The Broker Involvement Program is helping to build our response rates and we hope they will continue to grow. Another push on the CFA has gone out today. FPCs, keep getting the word out and ask others to take action too on this important issue! FPCs, you hit your all-time highest response rate for a CFA - 95.4%!! That is incredible! 42 states have 100% FPC Participation.

There are only a few FPCs left to reach 100% in MD and nation-wide. If you haven't yet responded, please do so today and let's reach that milestone! You can respond directly on the REALTOR® Action Center (you can't miss the brand new pop-up asking you to take action). If you have questions about the tax credit, please contact Linda Goold at lgoold@realtors.org. If you have questions about responding to the CFA, please contact Laura Vogel at lvogel@realtors.org.

 

. . . to the 2009 - 2010 Board of Directors & Officers who were elected then sworn in at a magnificent Installation Luncheon on Thursday, September 24th.
We also congratulate our 2008 - 2009 Directors and Committee volunteers on a successful 2008 - 2009. Thank you to everyone who participated in voting.

President: Michael Cerrito, Cerrito Realty LLC
President-Elect: Joanne Darling, Darling Realty
Secretary: Willie Rhone, Weichert REALTORS®
Treasurer: Kenneth Montville, RE/MAX Advantage Realty
Past President: Linda Simpson, Weichert, REALTORS®
New Directors: Desiree Callender, Desiree Callender & Associates, REALTORS®
Pat Dowtin, GMAC Real Estate / Real Estate Service Center
John Lesniewski, RE/MAX United Realty
L. Chuck Ottley, Sellstate Dominion Realty
Returning Directors: Sonatta Camara, Keller Williams Preferred Properties
Christopher Richardson, RE/MAX Professionals
Anthony Williams, GMAC Real Estate / Real Estate Service Center

We look forward to their guidance through 2010 and appreciate their service to the association. PGCAR Board of Directors and Committee information can always be found at www.PGCAR.com under "About PGCAR".

A huge thank you to all participants and our sponsors of the 2009 - 2010 Installation . . .

Banquet Sponsors BB&T Home Mortgage
Cerrito Realty, LLC Gateway Title
Jarboe Title, Inc.
Rifken, Livingston, Levitan & Silver, LLC
Presidential Bank, FSB
Door Prizes Toll Brothers

At the Annual Installation, we also presented our Annual Association Awards.

Congratulations to:

2009 REALTOR® of the Year: Linda Simpson, Weichert, REALTORS®
2009 Affiliate of the Year: Lynn Gardner, CSS Title Corporation
2009 Distinguished Sales Associate: Sydney Harrison, Pioneer Realty
2009 Distinguished Service Award: Donna Hurley, Keller Williams Preferred Properties
John Allen, Avalar Smart Choice Realty
Mike Graziano, PGCAR Government Affairs Director

 

Next Thursday, October 15 at La Fontaine Bleu
Earn 6 CE hours for MD and DC license renewal

Up to 6 CE hours
from Terrific Instructors,
Breakfast, Lunch &
Our Famous
Top-it-as-you-like-it
Ice Cream Social

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

      Class offerings:

  • MD Legislative Update
    3.0 CEU - MD required & DC elective hours
    Instructor: Larry Hudson
  • 203K Purchase Rehab
    3.0 CEU - MD & DC elective hours
    Instructor: Everett Sands
  • ABC's of Rentals
    3.0 CEU - MD elective hours
    Instructor: Chris Majerle
  • MD Code of Ethics
    3.0 CEU - MD required & DC elective hours
    Instructor: Larry Hudson
  • Contracts
    3.0 CEU - MD & DC elective hours
    Instructor: Stu Stern
  • Real Estate Tax Issues
    1.5 CEU - MD elective hours
    Instructor: Linda de Marlor
  • Pre-Qualifying Home Buyers
    1.5 CEU - MD elective hours
    Instructor: Kenneth Bossard
CLICK HERE TO REGISTER & SELECT CLASSES NOW !

Click here for printable flyer.

 
 
EARN YOUR GRADUATE REALTOR® INSTITUTE DESIGNATION
to Learn More and Earn More!

GRI 100 Starts This Wednesday, October 7
Sign up for the entire, 30 CE Series here!
(1.5 Fair Housing, 3 Ethics, and 25.5 Elective CE hours)
  red arrow Module 101: Building a Real Estate Business - Wed, October 7
  red arrow Module 102: Prospecting & Listing Techniques - Fri, October 9
  red arrow Module 103: Fair Housing & Cultural Issues; and MD Law Ethics, Flipping & Predatory Lending - Wed, Oct 14
  red arrow Module 104: Basic Residential Financing - Wed, Oct 21
  red arrow Module 105: Marketing Methods - Thur, Oct 22
Invest in your future.   Studies show that GRI educated agents earn over $33,000 more than REALTORS® without the GRI designation.
Now, that's a wise investment!

 
 
REALTORS® BEWARE . . . Alleged Robbers Visit Local Open Houses

On a recent Sunday, an NVAR member hosted an open house in Alexandria City, and afterward the home owner discovered that valuable jewelry had been stolen from the bedroom. The REALTOR® shared her experience so that members hosting open houses can be aware and cautious. Alleged perpetrators visited other open houses on that same day, and jewelry was also stolen in those houses.

Possible suspects could be a father and son. The elder is in his early 50s, the son in his mid-20s. Both are white, have brown hair, and are about 5’ 9”. The father claims to be from Columbia, Maryland, and wants to be closer to Metro.

The younger house hunter wandered upstairs as the agent was talking to the father. The father called upstairs to his son and said, "Make sure you take a picture of the hall -- you know how important the hall is to me."

They could be driving a small silver sedan or an older model black Land Rover. They did not park in front of the house. Please have a plan to contact someone in case of an emergency. Create code words or sentences and give to a friend or relative so you can signal if there might be trouble.

REALTOR® Safety Warning - Be Careful at Open Houses

Local REALTORS® have also reported that a white male, around 40 years old, approximately 5’ 9”, has been frequenting high-end open houses and looking inside all of the cabinets in the homes, possibly searching for drugs or other items of value. The man, who states that he is an architect, may be driving a white pick-up truck. Remember to follow standard safety precautions when hosting open houses.

To Learn About REALTOR® Safety:

 
 
2009 REALTOR® Party Video Contest

Expand and Extend the Home Buyer Tax Credit

Get out your video cameras! We want to hear your story - and the story of your homebuyers who have taken advantage of the $8k tax credit to purchase their first home.

  1. Make a 2-3 minute video letting Congress hear your story. Feature clients if they're willing. Include your name, PGCAR, where you are located, and the phrase "expand and extend the home buyer tax credit."
  2. Post your video to YouTube by October 16.
  3. Complete the REALTOR® Party Video Contest Entry Form so you're eligible to win neat prizes and REALTOR® fame!

Winning video receives a $500 Amex gift card and air time at the Annual Convention in San Diego. Two runners-up receive Flip UltraHD Camcorders.

Enter this week. Full details >>

 
 
RECORD STREAK CONTINUES FOR PENDING SALES

Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading of 97.6 in July.

Lawrence Yun, NAR chief economist, said not all contracts are turning into closed sales within an expected timeframe. "The rise in pending home sales shows buyers are returning to the market and signing contracts, but deals are not necessarily closing because of long delays." Yun also said the forecast for home sales and prices depends very much on whether a tax credit is extended. "All we can say for certain is sales will decline when the tax credit expires because we are not yet on a self-sustaining recovery path. It also raises a risk of a double-dip recession," he said. "Extending and expanding the tax credit is the best tool in our arsenal to encourage financially qualified buyers to stimulate the economy and help reduce the budget deficit."

NAR President Charles McMillan, noted, "Each home sale pumps an additional $63,000 into the economy through related goods and services, so the benefits of extending and expanding the tax credit far outweigh the costs."

Full Article >>

Email Legislators to Extend and Expand Homebuyers Tax Credit >>

 
 
2010 Dues Renewals are Now Online!

Renewed for 2010? Use our fast and secure Online Dues Payment!
Paying online is easy, secure, supplies you with a receipt, and allows you to confirm your 2010 PGCAR, MAR and NAR membership renewal in your Member's Only History records.

Renew as Easy as 1-2-3:

  1. Click here
  2. Log in
  3. Renew online and receive receipt !

2010 dues are payable no later than November 30th in order to prevent late charges.

 
 
DO WE HAVE YOUR CORRECT CONTACT INFORMATION?

  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. Now both REALTORS® and consumers will be able to contact you through the PGCAR.com Find a REALTOR® Directory. THANK YOU!

 
 
WHAT'S NEW - County Sponsors a Homebuyers Event About NSP

PRINCE GEORGE'S COUNTY DOWN PAYMENT ON YOUR DREAM
HOMEOWNERSHIP WORKSHOP

Date: Thursday, October 8, 2009
Time: 7:00 p.m. - 9:00 p.m.
Place: Publick Playhouse
5445 Landover Road
Cheverly, MD 20785
Participants: Down Payment on Your Dream Program Staff,
Lenders, REALTORS®, Housing Counciling Agency
Additional Information: (301) 883-7323

 
 
SHOW HOMEBUYERS THE SAVINGS
$20,000 NSP Down Payment Assistance,
$8,000 Tax Credit, Low Interest Rates . . . and More!


 
This is the best time to buy for any homebuyer in Prince George's County. Qualified buyers who want to buy a foreclosed home have an even better deal, up to $20,000 available towards the downpayment and closing costs, which doesn't have to be paid back if living in the home for 10 years.

Search MRIS, keep an eye on your target neighborhoods, register your homebuyers for the homebuyer classes offered at PGCAR, and pre-qualify potential buyers using the information and forms available in the pgcar.com Members Only section.

And the most popular pages are . . .

REALTORS®, affiliates, and consumers have been visiting the "Down Payment on Your Dream" information pages at www.pgcar.com. Visit today. Send a link to interested homebuyers.

NSP REALTOR® Resources

A Down Payment on Your Dream printable marketing brochure for potential home buyers as well as all required forms and details are available at PGCAR.com Members Only.

UPDATED LIST OF AGENCIES! Homebuyers wishing to take advantage of Neighborhood Stabilization Plan (NSP) funds are required to complete eight hours of FHA/HUD approved housing counseling. Here is the latest list of NSP HUD approved Counseling Agencies. Remember - You can offer these required classes FREE to the home buying public through your membership with PGCAR. See the below list of Homebuyer Classes.

  FOX 5 SPOTLIGHTS "HOME BUYING PROGRAM A DREAM"

ABC NEWS TOUTS PRINCE GEORGE'S COUNTY NSP PROGRAM

COUNTY "CASH FOR CLUNKERS" REAL ESTATE DEAL TURNS RENTERS INTO HOME BUYERS

 
 
$8,000 TAX CREDIT - Expiring in 56 Days

With the average home buying experience taking 60 days to settle, time is running out. If the tax credit is allowed to expire November 30, many buyers will be disappointed.

Help your homebuyers through the process smoothly - and answer the NAR Call for Action TODAY. Urge Congress to expand and extend the Homebuyers Tax Credit to ensure our economy improves through 2010. NAR estimates 1.8 to 2.0 million first-time homebuyers will take advantage of the $8,000 tax credit this year. Help your buyers do the same.

2009 First-Time Homebuyer Tax Credit Facts >>
IRS Form 5405: Claiming the First-Time Homebuyer Credit >>
IRS Guidelines >>
NAR Call for Action >>
First time buyers face deadline >>

 
 

 
HOMEBUYER EDUCATION CLASSES
Offer a Class that Helps Buyers Qualify for Government Funds for a Downpayment on Dream Home

PGCAR is continuing to partner with HIP and HOPE to offer the NSP-required 8-hour HUD approved class FREE at PGCAR for your prospective homebuyers.

Below are the next 3 sessions. Only $50 for the full 8-hour required class.
Call 301-567-3330 to register your customers.

 
HOMEBUYER CLASSES
Saturday, October 10, 2009 9:00 a.m. - 5:00 p.m. Parts 1 & 2 (8 Hours)
- - - - - - - - - - - -
Tuesday, October 13, 2009 5:30 p.m. - 9:30 p.m. Part 1 (4 Hours)
Thursday, October 15, 2009 5:30 p.m. - 9:30 p.m. Part 2 (4 Hours)
- - - - - - - - - - - -
Monday, October 26, 2009 5:30 p.m. - 9:30 p.m. Part 1 (4 Hours)
Wednesday, October 28, 2009 5:30 p.m. - 9:30 p.m. Part 2 (4 Hours)

See the full schedule for class dates through June 2010.

 
 
CONTINUING EDUCATION

Earn ALL of Your Continuing Education requirements for Maryland and DC license renewal at PGCAR!

Sign up for YOUR choice of classes here!


This 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
GRI Series I - Module 101:
Building a Real Estate Business

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

This Friday, October 9
GRI Series I - Module 102:
Prospecting & Listing Techniques

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

Next Wednesday, October 14
GRI Series I - Module 103:
Fair Housing & Cultural Issues; and MD Law Ethics, Flipping & Predatory Lending

4.5 Required CEU & 1.5 Elective CEU, MD
  8:30 am - 4:00 pm

Next Thursday, October 15
Education Day
Earn 6 CEU in One Day, Your Choice of MD and/or DC!

6 Elective CEU, MD
  8:00 am - 5:00 pm

Wednesday, October 21
GRI Series I - Module 104:
Basic Residential Financing

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

Thursday, October 22
GRI Series I - Module 105:
Marketing Methods

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

Thursday, October 29
Agency Law
3.0 MD Required Legislative Update CEU
Stu Stern 9:30 am - 12:30 pm
REALTOR® Etiquette
1.5 MD Elective CEU;
1.5 DC Elective CEU
Stu Stern 1:30 pm - 3:00 pm
MD Fair Housing
1.5 MD Required Fair Housing CEU;
1.5 DC Elective CEU
Stu Stern 3:15 pm - 4:45 pm

Full CEU Schedule >>

 
COUNTY SUBREGION 6 APPROVED MASTER PLAN

Subregion 6 Master Plan and Sectional Map Amendment (SMA), covering almost one third of Prince George's County, was approved by the Prince George's Council on September 15, 2009. Council Resolution (CR-62-2009) can be found on the Subregion 6 project website.

Copies of the Preliminary Subregion 6 Plan and approved Amendments are available in hard copy at these locations:

  • Upper Marlboro Library, 14730 Main Street, Upper Marlboro, Maryland 20772
  • Baden Branch Library, 13603 Baden-Westwood Road, Brandywine, Maryland 20613
  • Information Services, Lower Level, County Administration Building, Upper Marlboro, Maryland 20772

It is also available on the Subregion 6 project website.

The County's effort to develop an updated, shared vision for the County's future is underway! Click here for a schedule of events.

Historic Sites and Districts Plan Staff Draft

The Prince George's County Planning Department released the Staff Draft of the Historic Sites and Districts Plan (HSDP) on the plan website for public comment on September 25, 2009. A hard copy version of the staff draft will also be available at the Planning Information Services Office located on the lower level of the County Administration Building at 14741 Governor Oden Bowie Drive in Upper Marlboro. All written comments (letter, fax and/or email) will be accepted until COB on Monday, October 26, 2009. Staff will consider those comments as they finalize the document for review by the Planning Board for "Permission to Print."

Please see the attached PDF document for more details concerning the Staff Draft of the Historic Sites and Districts Plan.

If you have any questions or comments, please contact Chris Wilson.

What are a master plan and SMA?

A master plan is a written report, approved by the District Council, which establishes how the county would like the land in the project area to develop in the future. It establishes recommendations that guide the county officials in making decisions on the use of land within the project boundary. The result of this planning process will be to guide growth in the Developing Tier and promote land preservation in the Rural Tier by creating a sustainable community.

A sectional map amendment (SMA) is a process that establishes the zoning of properties in an area. Zoning is the legal power of government to regulate the use of private property. The SMA may change the existing zoning in the area to permit the land use recommendations in the master plan.

 
 
2009 NAR CONFERENCE AND TRADE SHOW
NAR Annual Conference And Trade Show

SAN DIEGO  NOVEMBER 13-16  2009

Navigate Your Way to Success

In the rough waters of today's economy, you have the choice to sail to success. The new ideas, networking and motivation you can gain by participating in the 2009 REALTORS® Conference & Expo will put the wind in your sails and help you chart a winning course! Click here and register for this year's exciting conference.

 
 
 
MARKET SENSE: LOCAL MARKET LOOKING UP

Prince George's Home Sales Up 48% From 2008 >>

For Prince George's County, the number of new contracts increased from August to September 2009 in both the single-family and condo residential markets. September statistics have just been released to the Prince George's County market reports >>

 
 

Code of Ethics Case Study: Case #7-1: Acceptance of Compensation from
Buyer and Seller

Buyer A engaged REALTOR® B to locate a small commercial property. Buyer A explained his exact specifications indicating that he did not wish to compromise. They agreed that if REALTOR® B could locate such a property within Buyer A's price range, he - the buyer - would pay a finder's fee to REALTOR® B.

Two weeks later, REALTOR® B called Buyer A to advise that Seller C had just listed a property with him that met all of Buyer A's specifications except that the listed price was a bit higher than Buyer A wanted to pay. Buyer A inspected the property and liked it, but said he would adhere to his original price range. REALTOR® B called Buyer A three days later to say that Seller C had agreed to sell at Buyer A's price. The sale was made and REALTOR® B collected a commission from Seller C and a finder's fee from Buyer A which was not disclosed to Seller C, REALTOR® B's client.

Several weeks later, Seller C learned about the finder's fee that REALTOR® B had collected from Buyer A and filed a complaint with the Board of REALTOR® charging REALTOR® B with duplicity and unprofessional conduct. The complaint specified that when REALTOR® B had presented Buyer A's offer at less than the listed price, he, the seller, was reluctant to accept it, but REALTOR® B had convinced him that the offer was a fair one and not likely to be improved upon in the current market; and that REALTOR® B had dwelt at length on certain disadvantageous features of the property in an attempt to promote acceptance of the offer. The complaint charged that REALTOR® B had actually been the agent of the buyer while holding himself out as the agent of the seller. Further, Seller C asserted that REALTOR® B had never mentioned that he was representing the buyer or intended to be compensated by the buyer.

At the hearing, REALTOR® B's defense was that he had served both buyer and seller faithfully; that he had not accepted Seller C's listing until after he had agreed to assist Buyer A in locating a property; and that in his judgment the listed price was excessive and the price actually paid was a fair price.

Based on your understanding of the Code of Ethics Article 7, how do you think the Professional Standards Panel ruled?

Find out here >>

 

SPOTLIGHT SPECIALS

The market is starting to turn around! Get your properties in front of over 127,000 homes and businesses in Prince George's County by advertising in The Gazette Paper!

Internet Specials - For $20/mo. advertise your information and website to the people who visit our site monthly, ask me how!

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,
October 12
  Ad Copy
Deadline
Wednesday,
October 14
  Publication
Date
Thursday,
October 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.

 
 
NON-RENEWED DC SALESPERSON LICENSES EXPIRED AUGUST 31

If you missed the DC license renewal deadline, you have until October 31, 2009 to renew your license with a late fee of $50.00 at the DCREC license renewal website.

There are tutorials for Brokers and for Salespersons at the license renewal website. For any renewal technical questions or problems, please call Pearson-VUE at 1-888-204-6192 for renewal instructions, and additional details.

Until your license is renewed, you are not authorized by the District of Columbia to practice real estate in DC. If listed as DC licensed in your PGCAR.com Member profile, please uncheck DC licensing until your license is reinstated. After license renewal, you may re-check DC state licensing at PGCAR.com with a click of the mouse.

 
 
30 UNDER 30

Are you successful in the real estate business, creative in your career, active in the community, or have an innovative marketing approach or story of triumph? If this sounds like you, you are a member of NAR, and you'll still be under age 30 as of May 31, 2010, apply to be recognized as one of 30 rising young stars in the real estate industry. Winners will be featured in the June 2010 REALTOR® Magazine and on the www.realtor.org web site.

Apply here >>

Details and past winner profiles here >>

 
 
The PGCAR office will be closed on Monday, October 12th for Columbus Day.
Have a safe and happy holiday.

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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