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November 2, 2009

I N   T H I S   I S S U E . . .
   

 
Stars

Meet Your Elected Officials at Tomorrow's
P G C A R

Annual Legislative Reception


Tuesday, November 3rd     6:00 - 8:00 p.m. at Jasper's

Our invited guests include: Prince George's County State Senators and Delegates, County Executive Jack Johnson and Members of the Prince George's County Council.

It is now more important than ever to be involved. Our legislators make decisions every day which impact homeownership, commercial and residential development, and the economy of our County and State. Come take advantage of this rare opportunity to meet with YOUR elected officials and to show the strength of the PGCAR Community!

Please join our many legislators who will be there.
Click here to register today.

Stars

 
 
SENTRILOCK ONE-DAY CODES DISCONTINUED

SentriLock One Day Code Discontinued PGCAR has received complaints about misuse and abuse of the one-day code feature of the SentriLock system. Specifically, agents are obtaining one-day codes and then giving them to un-licensed clients/customers and allowing these clients/customers to visit the properties unaccompanied by an agent. After review of the results of the survey sent to members, the Association is temporarily suspending the use of the one-day code feature while investigating these allegations.

One-day codes will be discontinued as of today, Monday, November 2, 2009.

 

 
 
WHAT'S NEW - BOWIE AND COLLEGE PARK MORTGAGE ASSISTANCE

$35,000 in Closing Cost and Down Payment Assistance Here's TWO great programs helping your homebuyers put more money towards purchasing a primary residence.

Homebuyers who are police officers, teachers and Bowie City employees can apply for a $2,000 grant when buying a primary residence in Bowie.

Flyer to share >>
Website >>

Homebuyers who buy their home and work in College Park may be eligible to receive up to $35,000 in closing cost and down payment assistance through the WORK & LIVE COLLEGE PARK program.

Details >>

Information on these and other homebuyer savings can be found on www.pgcar.com - in the Homebuyer Savings section.

 
 
PRINCE GEORGE'S COUNTY HABITAT FOR HUMANITY HOUSE

Prince George's County Habitat for Humanity is in need of $50,000 to finish the house they are building in Prince George's County.

Please click here to contribute to Habitat for Humanity by credit card, or send a check payable to Habitat for Humanity to the Association office. Any amount will help put a family into a home. $25, $15 or even $5 makes a difference!

Thank you for your generosity!

 
 

 
 
CANNED FOOD DRIVE

PGCAR is collecting food until November 15th. Let's each contribute one can . . . or two. Do you realize that if each member contributed 1 food item that would be 3300 items? Imagine how many people that would help!

Please drop off cans at the Association office, or collect them in your own office until next Wednesday, November 11 before bringing them in.

 
- - - Preliminary Tax Credit Vote Expected TONIGHT! - - -

Tax Credit Call for Action Update

Please CALL your U.S. Senator TODAY to support the Homebuyer Tax Credit Extension and Expansion...the cloture vote is expected TONIGHT.

Please make a quick call to your Senator's office today to ask for a YES cloture vote on the Unemployment Insurance Extension bill that contains the tax credit provision. This cloture vote is scheduled for this evening. Sixty Senators must vote YES so that a vote can be scheduled on the tax credit. Time's running out!

Simply follow the easy to use SENATE CALL LINK to ENTER your phone number for calling your Senator's office - the one you will be calling from. You will then receive an automated callback with some pointers and prompts before actually being connected to both their offices - it only takes minutes for something so extremely important to the real estate industry and the overall economy.

Just Click Here for an EASY Way to CALL your SENATOR
to URGE them to VOTE YES for CLOTURE

As always, thank you for your advocacy efforts!

What is a cloture vote? Cloture is the only procedure by which the Senate can vote to place a time limit on consideration of a bill or other matter, and thereby overcome a filibuster. Under the cloture rule (Rule XXII), the Senate may limit consideration of a pending matter to 30 additional hours, but only by vote of three-fifths of the full Senate, normally 60 votes.

 
 
TAX CREDIT BEST TOOL FOR SUSTAINING HOUSING RECOVERY

NAR representatives testified at a hearing of the U.S. House Small Business Committee on October 7 that the best available tool for sustaining the still-fragile housing market is the $8,000 homebuyer tax credit, and it is essential that Congress extend the credit into 2010.

The tax credit expires November 30.

"The credit is working," NAR Regional Vice President Joseph Canfora said, pointing out that the 355,000 to 400,000 transactions directly attributable to the credit made a significant dent in the housing inventory and will help to stabilize home prices. Further, the credit has provided a huge indirect benefit to local governments, shoring up property tax bases in particularly hard-hit areas.

Further, NAR data has estimated that every home purchase pumps into the recovering economy about $63,000 - the equivalent of one new job added to the employment figures.

Full Article >>
Contact Legislators to Extend and Expand Homebuyers Tax Credit >>

 
 
2010 Membership Renewals
are Due November 30!

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 an itemized receipt too!

Please pay your 2010 dues by November 30th to prevent late charges. Thank you!

 
NSP Update - October 19, 2009

DOWN PAYMENT ASSISTANCE - STILL GOING STRONG!
OVER $7 MILLION STILL AVAILABLE
IN ASSISTANCE MONEY FOR FIRST TIME BUYERS

Over 70 properties have settled under the County's "Down Payment on Your Dream" homebuyer assistance program since its inception on July 1st and more are in the pipeline. DHCD's experienced underwriters, processors and title people are accepting loan applications everyday! There is still $7 million in reserves dedicated for the program. In total, over 700 down payment assistance loans will be issued.

"Down Payment on Your Dream" is compatible with FHA, VA, and Conventional mortgages as well as 203K programs. Other programs such as CDA, Housekeys 4Employess, and Smartkeys are also eligible.

The County is doing a great job of promoting the program to the public via radio and print advertising. The program has received a lot of positive reports in the local press, including the Gazette, Prince George's Post, and Sentinel as well as all major television stations, including WUSA Channel 9, WRC Channel 4 and WJLA Channel 7. In fact, PGCAR Past President Don Frederick spoke to Fox 5 News about the advantages of the program for first time buyers.

All of the County's advertising drives consumers to  www.pgcar.com as the resource to find a REALTOR® to assist in the search for foreclosed properties. Members are encouraged to go to the www.pgcar.com "Members Only" section to update your member profile to take advantage of this marketing opportunity.

Click here for the most recent PowerPoint which details all provisions of the program and will answer most questions. Also visit www.princegeorgescountyMD.gov/dream for more info and all necessary forms and guidelines. These details are also available on the "Members Only" section at www.pgcar.com.

 
OCTOBER 2009 CONTRACT CHANGES

Nine contract forms have been updated or created in early October. All are available in the Members Only section and by running a ZipForm update. Important legally required changes include an updated Conservation Easement Addendum. Not following the new procedures now effective can jeopardize even a signed contract. Full details in the October 6 Legislative Alert.

Do a forms check today!

 
 
DO WE HAVE YOUR CORRECT CONTACT INFORMATION?
Do you have an office mate not receiving the REALTOR® Connection, or notices regarding new forms? Please have them update their email in Members Only.

  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 you can receive industry news. Plus, REALTORS® and consumers will be able to contact you through the PGCAR.com Find a REALTOR® Directory. THANK YOU!

 
 

 
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. The classes on our regular schedule led by HOPE, now have a fee, a reduced charge of $50 for the entire 8-hour class.

Below are the next 3 HOPE sessions. Call 301-567-3330 to register your customers.

 
Tuesday, November 10, 2009 9:00 a.m. - 5:00 p.m. Parts 1 & 2 (8 Hours)
- - - - - - - - - - - -
Thursday, November 12, 2009 5:30 p.m. - 9:30 p.m. Part 1 (4 Hours)
Saturday, November 14, 2009 5:30 p.m. - 9:30 p.m. Part 2 (4 Hours)
- - - - - - - - - - - -
Monday, November 16, 2009 5:30 p.m. - 9:30 p.m. Part 1 (4 Hours)
Wednesday, November 18, 2009 5:30 p.m. - 9:30 p.m. Part 2 (4 Hours)

See the full schedule for class dates through June 2010.

FREE HIP HOMEBUYER UNIVERSITY

An additional Homebuyer's Class meeting NSP homebuyer training requirements is being offered by Housing Initiative Partnership (HIP) free of charge at PGCAR this Saturday, November 7th from 9 a.m. to 5 p.m..

Please share the flyer!

 
 
INCREDIBLE CONTINUING EDUCATION SCHEDULE

PGCAR has a strong Fall schedule of the most popular classes, including a chance to earn ALL of Your required Maryland CE this Friday and next Monday!

Sign up for classes at pgcar.com.


This Friday, November 6
MD Code of Ethics
3 MD Required Ethics CEU;
3 DC Elective CEU
Don Martin 9:30 am - 12:30 pm

Next Monday, November 9
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
1.5 MD Required Fair Housing CEU;
1.5 DC Elective CEU
Don Martin 1:30 pm - 3:00 pm

Next Wednesday, November 11
Reverse Mortgages
1.5 MD Elective CEU
Bruce Winstead 6:00 pm - 7:30 pm

Tuesday, November 17
203K Purchase Rehab
3 MD Elective CEU;
3 DC Elective CEU
Everett Sands 6:00 pm - 9:00 pm

Full CEU Schedule >>

 
 
CONGRATULATIONS!

RPAC Idol

Gloria Farrar received the MAR Lifetime Achievement Award at the MAR Annual Conference. Gloria was recognized for her dedication and hard work as an RPAC Trustee and as RPAC Fundraising Chair for the past two years.

Congratulations Gloria! You inspire us in so many ways!

There are 32 members and associations in the MAR RPAC Hall of Fame.
Did you know that 10 of the 32 are from Prince George's? They are:

J. Nicholas D'Ambrosia   John J. Harrison
Ron Deem   Prince George's County Association of REALTORS®
Distinguished Sales PGC   Jay Webster
Gloria M. Farrar   Women's Council of REALTORS® Prince George's County
Iona C. Harrison   Wayne M. Wyvill

RPAC Idol

The Prince George's County RPAC Idol Kristin Lagana won 1st PLACE at the MAR RPAC Idol Finale in Ocean City, singing "Proud Mary." Congratulations to Kristin and ALL of our contestants! We could have swept states if allowed to send more than one.

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

SAN DIEGO  NOVEMBER 13-16  2009

Navigate Your Way to Success

Take the helm 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 and save money on airfare and hotels.

 
 

Code of Ethics: Our Duties to Clients and Customers

There is no sample case study for REALTORS® Code of Ethics Article 9; however, it's an important ethical and business standard to adhere to. Here is the complete Article 9.

Article 9

REALTORS®, for the protection of all parties, shall assure whenever possible that all agreements related to real estate transactions including, but not limited to, listing and representation agreements, purchase contracts, and leases are in writing in clear and understandable language expressing the specific terms, conditions, obligations and commitments of the parties. A copy of each agreement shall be furnished to each party to such agreements upon their signing or initialing. (Amended 1/04)

  • Standard of Practice 9-1

    For the protection of all parties, REALTORS® shall use reasonable care to ensure that documents pertaining to the purchase, sale, or lease of real estate are kept current through the use of written extensions or amendments. (Amended 1/93)

  • Standard of Practice 9-2

    When assisting or enabling a client or customer in establishing a contractual relationship (e.g., listing and representation agreements, purchase agreements, leases, etc.) electronically, REALTORS® shall make reasonable efforts to explain the nature and disclose the specific terms of the contractual relationship being established prior to it being agreed to by a contracting party. (Adopted 1/07)

Articles 1 - 9 comprise the Code of Ethics portion outlining REALTORS®' duties to clients and customers. The next REALTOR® Connection will move on to Article 10, the first dealing with REALTORS®' duties to the public.

 

SPOTLIGHT SPECIALS

Get YOUR properties in front of over 127,000 homes and businesses in Prince George's County by advertising in The Gazette Paper!

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,
November 9
  Ad Copy
Deadline
Wednesday,
November 11
  Publication
Date
Thursday,
November 19

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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