February 4, 2017
PGCAR at MAR REALTOR® Lobby Day
Tuesday, January 24 in our Annapolis State Capitol
The MAR 2017 REALTOR® Lobby Day provided a forum to meet personally with respective REALTOR® colleagues, State Senators, Delegates and their staff to address state and county real estate issues.
Over 240 REALTORS® were in attendance to support the event, and lobbied on behalf of MAR's 2017 Legislative Priorities.
Open to all current PGCAR Primary Members holding a broker or salespersons license, with $2.5 Million or more in 2016 production, and in good standing on or before July 1, 2016. Members licensed for the first time during 2016 must be a PGCAR Primary Member in good standing on or before September 30, 2016.
Then Apply Using the Required Award Entry Form:
ALL Award Entry Forms with Entrance Fees
MUST be received by
5 pm on Friday, February 10, 2017.
(Entry Fee does not include the dinner celebration.)
Best Value and Guaranteed Fun Time - Register a Team >
A team of up to 10 people is only $150. Only $300 for 11 or more teammates. Sign up and give yourself a team name (e.g. it can be your company or office name). During sign up, complete as much team member information as you can, then ask others to join you. They can sign in under your team name during on-site registration. Proceeds go to the Scholarship Fund!
Presented by PGCAR
Hosted by Toll Brothers
MRIS is Now Bright MLS
A New Era of MLS is Here
MRIS is now part of Bright MLS, serving Maryland, Delaware and the District of Columbia, and parts of New Jersey, Pennsylvania, Virginia and West Virginia - that's a market of over 250,000 transactions a year valued at over $85 billion. The new Bright MLS brings together 43 Associations including PGCAR, to give access to better tools, information, control over listings, market insights, technology and more. The consolidation of MRIS, TREND and other forward-thinking Mid-Atlantic MLSs allows more efficiency and success!
Learn more about the exciting future of MLS >
HUD Announces FHA Premium Reduction "ROLLBACK"
2017 David Maclin Memorial Scholarship Applications
Due Tuesday, February 28
Calling ALL Prince George's County high school seniors who serve the community, have a 2.0 or better GPA, and could use $2,500 to continue their education after high school.
Please have them complete an application for the 2017 David Maclin Memorial Scholarship. Winners will receive a $2,500 scholarship to be used toward further education in any community college, university or trade school.
Please also share Scholarship Application Forms with educators whom you know. You may enable someone who hasn't received the materials to share this opportunity with their class, and make an important difference in the life of a student who wouldn't have heard of it without your involvement.
New First-Time Homebuyer Program for Prince George's County:
"Pathway to Purchase" Offers Up to $10,000 Down Payment and Closing Costs
On January 9, the Prince George's County Department of Housing and Community Development (DHCD) launched "Pathway to Purchase," a home ownership program offering first-time home buyers up to $10,000 in down payment and closing cost assistance. Home buyers can purchase up to a $313,000 home anywhere in Prince George's County. Eligible residential properties include: new construction, resale, short sales and foreclosures.
Pathway to Purchase is a 0% interest loan program that must be paid back when the home is sold, transferred or ceases to be the primary residence of the buyer(s). However, the loan repayment has a 10% decrease per year and after 10 years, it is forgiven and the lien is released. Accepted loan programs are: FHA, Maryland Mortgage Program, VA and Conventional Loans.
"We are excited about this new opportunity," said Eric C. Brown, Director of the Prince George's County Department of Housing and Community Development. "We have dedicated $750,000 for this program to help people get on the path to home ownership."
The Redevelopment Authority of Prince George's County is administering the program. "Home buyers must work with an approved mortgage lender
to submit an application. We are eager to continue our progress in helping families begin their pursuit of the American Dream," said Howard Ways, Executive Director of the Redevelopment Authority.
For information on program income limits, buyer contribution, area median income, debt requirements, and other application details:
My HOME II Program is Now Closed
However, as of January 9, 2017, the NEW homeownership program Pathway to Purchase
Help YOUR clients on the pathway to purchase.
See above article and here >
Prince George's County
2018 Budget Hearings
Catch the last County Budget Hearing Tuesday Night
Tuesday, February 7: Laurel High School, Spartan Hall
One of three public meetings remains, where you can share your ideas for Prince George's proposed Fiscal Year 2018 budget with County Executive Rushern Baker and other officials. If you cannot attend in person, you may view the hearing live at princegeorgescountymd.gov
. Attending in person sends a powerful message that County citizens and REALTORS®
are paying attention, and ready to be engaged in our County government's decisions.
Starts at 7 pm
8000 Cherry Lane
, Laurel, MD 20707
Learn more here >
Earn Your Workforce Housing Certification:
4 Classes and 6 CEU Thursday, February 9. . . for Only $40!
PGCAR is now offering the training needed for WHC certification in One Day! Learn how to use homeownership programs -- and be listed on www.marylandhomeownership.com after certification.
Thursday, February, 9:30 am to 4:30 pm - Four Classes and 6 CEU in One Day! The $40 registration ($50 after February 6) includes the following three classes toward WHC certification:
- Federal Programs and National Initiatives
- State and Local Programs
- Maryland Mortgage Program & Maryland HomeCredit Program
- Nail Down Renovation Loan Options
DC Broker and Property Manager Licenses Expire February 28
Earn Your 15 CE Hours at PGCAR
Don't wait any longer to meet CE hour requirements and renew licenses through the DC Real Estate Commission. Register for your remaining hours TODAY!
15 total CE hours are required for license renewal.
DC Salesperson licenses expire August 31, 2017 and require the same CE hours for renewal.
Easily complete all 9 CE hours in required topics at PGCAR:
||Financing Issues / Update
||Take it online
||DC Fair Housing & Predatory Lending
||Wednesday, February 22
||9:30 am - 12:30 pm
||DC Legislative Update / Exam Prep
||Wednesday, February 22
||1:30 pm - 4:30 pm
|6 CE hours in electives are also needed. DC elective hours are also easy to meet at PGCAR or online!
Earn Your Maryland and DC CEU at PGCAR
PGCAR members save BIG!
Early bird registration is only $18 for 3 CEU classes and $11 for 1.5 CEU classes.
Wednesday, February 15
MD Legislative Update
- 3 MD Required Legislative Update (Cat. A); 3 DC Elective CEU
MD Fair Housing
- 1.5 MD Required Fair Housing (Cat. C); 1.5 DC Elective CEU
Thursday, February 16
- 3 MD & DC Elective CEU
Fri, February 24
MD Code of Ethics
- 3 MD Required Ethics (Cat. D); 3 DC Elective CEU
LEGISLATIVE ALERT - January 4, 2017
Dwayne Mingo, Director of Governmental Affairs
DRUG ACTIVITY AND PROSTITUTION
New Landlord / Tenant Laws Effective as of January 9, 2017
All REALTORS® transacting business in Prince George's County should be aware of two recently enacted laws effecting Landlord-Tenant Regulations. We encourage you to share this information with your sales team.
CB-59-2016 - Drug Activity and Prostitution
Beginning on January 9, 2017, it is against the law for any person, tenant, landlord, landlord agent, management staff and/or property owner to knowingly sublease, assign, transfer possession, or permit use of an apartment for the purposes of any violation of the Controlled Dangerous Substance, Prostitution or Human Trafficking Laws of the State of Maryland or Prince George's County. This expands current Prince George's County Code, Sec. 13-162.00.01. - Use of Apartment for Drug Activity Prohibited, to specifically reference "landlord agent" and "management staff" and bring in the prostitution and human trafficking element.
The legislation references "apartments;" however, "apartments" are not defined in the Prince George's County Code. As such, this could extend to single family properties where the landlord or "agent" is knowingly in violation of the law.
As previously indicated, CB-59-2016 expands laws to prohibit the use of an apartment for drug activity or prostitution. The legislation seeks to hold landlords, owners, management staff, and tenants liable if their property is knowingly used for drug activity or prostitution, including human trafficking. The bill provides for outreach and education to encourage more effective community partnerships in prevention and enforcement.
- Violators would be guilty of a misdemeanor per apartment per occurrence, and upon conviction, subject to a fine of One Thousand Dollars ($1,000.00) or imprisonment for up to six (6) months for each offense.
- Inquiries and/or complaints regarding prostitution and/or human trafficking to the Prince George's County 311 Call Center shall be directed to the enforcing agencies of the County, including the Human Relations Commission.
- Upon request, the Human Relations Commission shall make available to property owners and landlords of rental properties, the information and/or the inquiries or complaints received regarding their rental properties.
- The Human Relations Commission shall make available resources regarding prostitution and/or human trafficking to property owners and landlords of rental properties.
- Every person who is a property owner, landlord, landlord agent, or management staff that operates an apartment rental within Prince George's County shall be offered voluntary training for management employees on how to identify human trafficking activities and human trafficking victims.
- An owner and a manager of an apartment rental may voluntarily register for human trafficking training with the Human Relations Commission. If the rental property owner is a corporation, the registered agent of the owner may register with the Human Relations Commission.
- Voluntary registrations shall be updated by the Human Relations Commission.
- The Human Relations Commission, in collaboration with the Prince George's County Police Department, will provide voluntary training on human trafficking consisting of training for management staff of an apartment rental within the County at the cost of the participating apartment owners.
- Beginning in calendar year 2017, apartment rentals may voluntarily biennially certify to the Human Relations Commission that management staff has completed the voluntary training.
, we care greatly about the communities in which we live and work and recognize the negative impact that these illegal activities have on our neighborhoods and communities, and understand the importance of eradicating drug and prostitution crimes. The Legislative Committee reviewed the bill and expressed a great deal of concern about the bill's ramifications. PGCAR representatives met with legislators and testified in opposition to the bill. Unfortunately, as you can imagine, it was challenging to argue against the issue of human trafficking. The sponsor of the legislation is targeting unscrupulous apartment owners who are preying on illegal immigrants and described the bill as another tool in the toolbox to eradicate human trafficking. In a collaborative effort with the Apartment and Office Building Association of Metropolitan Washington (AOBA), we were able to get the bill modified as much as we could. With the recent passage of CB-59-2016
are encouraged to be cognizant of this issue and be as mindful as possible of what goes on in their rentals.
CB-64-2016 - Eviction
CB 64, also effective as of January 9, 2017, addresses the public health concerns regarding trash collection that may arise following an eviction. The County finds that the accumulation of garbage, litter, rubbish, abandoned property, and/or trash following an eviction may adversely affect the health, safety and general welfare of the residents of the County. This legislation seeks to improve public health by minimizing odor, removing unsightly garbage, litter, rubbish, abandoned property, and/or trash in order to prevent insect and/or rodent infestation, breeding, and feeding. (Prince George's County Code, Sec. 13-164. - Evictions; Placement of Abandoned Property)
- Following an eviction, no garbage, litter, rubbish, abandoned property, and/or trash shall be placed, left dumped or permitted to accumulate or remain in buildings or premises in the County.
- After the initial 4-hour property reclamation period, the landlord has one business day following an eviction to have the garbage, litter, rubbish, abandoned property and/or trash from the eviction removed at the expense of the property owner.
- Within one business day of receipt of a complaint that garbage, litter, rubbish, abandoned property and/or trash is not removed, the Department of Permitting, Inspections and Enforcement shall investigate the complaint and shall issue a violation notice and/or citation, as deemed appropriate.
- For private property evictions, the Department of Public Works and Transportation shall be designated as the responsible agency to remove garbage, litter, rubbish, abandoned property and/or trash placed on private property after an eviction upon receipt of a clean-up request and court order.
- Any person who violates the bill's provisions is subject to a fine of $1,000 per day.
- A tax lien may be placed on a property or properties to recoup outstanding fines.
- Any person who violates the bill's provisions is subject to paying the cost of removal of trash and related expenses.
- The bill also mandates a report of the actual annual number of evictions, actual annual number of trash removals after an eviction by the County, actual annual costs, and projected annual revenues as well as recommendations on streamlining the enforcement process.
have long advocated for upfront advance notice to the tenant of the definitive date of eviction and other measures, as we believe this will help to eliminate the uncertainty of the eviction event and lessen the amount of personal belongings left behind. The Legislative Committee met and considered CB-64-16
and opposed the legislation as initially drafted. The initial bill extended from four (4) hours to twenty-four (24) hours, the period of time that a rental property owner is required to allow a tenant to reclaim their property following an eviction, which was quite concerning and counterproductive considering the intent of the legislation. We were able to contest changes to salvage the 4-hour period.
2017 Legislative Priorities for REALTORS®
For more information contact Dwayne Mingo, PGCAR Government Affairs Director, at 301-306-7900 or email@example.com, or contact MAR Government Affairs at 800-638-6425.
- - - CONSUMER'S CORNER - - -
Great reasons to stay in touch! Share these with your customers.
- Send them the link to the $2,500 David Maclin Memorial Scholarship. Maybe they have a county high school senior in the family, or know one. It's a great community item to share by social media too.
- Invite them to the Maclin Scholarship 5K Fundraiser. They can walk or run, do 5K or 1 mile. It's a great event!
- Hope it goes without saying . . . even if they already bought their home, do they have friends who could take advantage of $10,000 downpayment assistance?
- And of course . . . share the great Prince George's County market news below!
Mortgage Rates Steady
"The 10-year Treasury yield fell 5 basis points this week following a tepid advance estimate of fourth-quarter GDP and the Fed's decision to leave rates unchanged," says Sean Becketti, Freddie Mac's chief economist. "The 30-year mortgage rate remained flat at 4.19 percent, starting the month 47 basis points higher than this time last year. Despite the uncertainty in the market, the pending home sales index increased 1.6 percent in December, up from a decline of 2.5 percent the month prior."
Freddie Mac reports the following averages for the week ending February 2:
The 30-year fixed-rate mortgage averaged 4.19%, same as last week ~ Last year: 3.72%
The 15-year fixed-rate mortgage averaged 3.41%, up from 3.40% ~ Last year: 3.01%
The 5-year Treasury-indexed hybrid ARM averaged 3.23%, up from 3.20% ~ Last year: 2.85%
Freddie Mac's Weekly Primary Mortgage Market Survey >
PRINCE GEORGE'S HOME SALES RISE IN 2016
All Numbers Improve Over 2015
Prince George's 2016 Annual Home Sales Stats are in. . . and show SOLID gains over 2015.
- 2016 Number of Homes Sold increased 10.8% from 2015
- 2016 Sold Dollar Volume increased 18.5% from 2015
- 2016 Average Sold Price increased 6.9% from 2015
- 2016 Average Days on Market decreased 4.1% from 2015
for more details on 2016 Annual Sales and December 2016 Sales. And don't forget to like PGCAR on Facebook
to see monthly statistics first!
- - - NEWS AND TRENDS - - -
Reminders, trends and other news you should know.
MREC AND PGCAR FORM UPDATES
All are Effective Now
- Form 901 - MREC Understanding Whom Real Estate Agents Represent
Revised November 2016; Changed agent type checklist on page 2, immediately prior to signature lines.
The Maryland Real Estate Commission (MREC) made another important revision to its required disclosure "Understanding Whom Real Estate Agents Represent," after its October 2016 update. Please make sure you have the revision dated Rev. 8/16/16 (11/1/16) at the bottom of page 2.
The November 2016 revision removed "intra-company agent/dual agent (CHECK BOX ONLY IF CONSENT FOR DUAL AGENCY FORM HAS BEEN SIGNED)" from the agent type checklist. The three agent types remaining on the checklist are seller/landlord's agent, subagent of the Seller, and buyer's/tenant's agent.
- Form 1301 - Addendum of Clauses
Revised January 20, 2017; Edits to paragraph 6
PGCAR edited paragraph references within paragraph 6 from "Paragraph 8C" to "Paragraph 6C."
Soon after initial release, form revisions are also available on ZipForm and DotLoop. To sign up for the ZipForm and DotLoop PGCAR Membership Benefits (FREE subscriptions to each!), just log in at PGCAR Members Only
and follow the instructions. As always, links to MAR forms, ZipForm
are prominently displayed at www.pgcar.com/membersonly/forms
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