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Prince George's County Association of REALTORS®, Inc.

The Realtor® Connection

November 11, 2003

SUPRA REMINDER. . . SUPRA will NO LONGER GIVE UPDATE CODES more than TWO consecutive times. You MUST SYNC your key in order to have it updated. Please remember that syncing your key not only updates the information stored on it but also charges the battery.

2004 DUES ARE DUE NOVEMBER 30, 2003. . . Dues payments for 2004 MUST BE RECEIVED no later than November 30, 2003 in order to avoid a $25 late fee. If you have not received your invoice or if you have any questions, please contact the Association office.

ANNUAL LEGISLATIVE BREAKFAST. . . .Take advantage of this rare opportunity to meet with your elected officials. The invited guests include Prince George's County State Senators and Delegates, County Executive Jack Johnson, and Members of the Prince George's County Council. This year's Breakfast will be held at the Greenbelt Marriott on November 20th and will begin with registration and coffee at 8 a.m. Breakfast will be served at 8:30 a.m. The cost is $15 per person. Click and print the registration form, or if you call the Association office at 301-306-7900, a form will be faxed to you.

JOIN US FOR THE ANNUAL HOLIDAY GALA. . . This year's Holiday Party Committee has been hard at work planning a fun-filled evening for you at this year's Holiday Gala. This year's event will be held at the LaFontaine Bleu on Monday evening, December 8th, from 6 p.m. to 9 p.m. Be sure to mark your calendar and make plans to attend. The Committee has added KARAOKE to the list of fun events during this year's Gala. Those interested in participating should register early to assure a spot. Click for a registration form, or if you call the Association office at 301-306-7900, a form will be faxed to you. As in the past, the Association will be collecting food, coats and toys for needy children. Donations can be brought to the Holiday Gala or to the Association Office. We appreciate your generosity in the past years and look forward to exceeding our goal for this year.

ARE YOU INVOLVED IN THE SALE OF A NEW HOME TO BE BUILT?. . . When working with a new home builder, regardless as to whether the buyer is your client or customer, make sure that you fully understand the terms of cooperation and compensation as offered by the new home builder. In particular, make sure that you understand how the commission is to be calculated. For example, is the commission to be based upon the purchase price of BOTH the land and the home to be built - or simply upon the purchase price of the home to be built exclusive of the purchase price of the land? Additionally, is the commission to be based upon the base price of the model home or is it also calculated upon the value of upgrades to the model home? You should ensure that you fully understand how your compensation is to be calculated and paid by the builder in order to avoid later disputes.

DON'T WAIT UNTIL THE LAST MINUTE TO COMPLETE THE NAR REQUIRED ETHICS TRAINING. . . As a requirement to membership, by December 31, 2004, ALL REALTORS® must take 2 ½ hours of ethics training, as required by NAR'S Code of Ethics and Arbitration Manual. NAR offers two online ethics courses at that fulfill these obligations: one for new members and one for existing members. Questions can be directed to the Member Policy Department. (NOTE: Classes are also being offered by PGCAR on a regular basis. An approved Ethics Class will be offered on NOVEMBER 6th at the LaFontaine Bleu. The cost is $25. For reservations, you can click and print out a reservation form or if you call the Association Office at 301-306-7900, a form will be faxed to you.)

DECEMBER CONTINUING EDUCATION CLASSES . . . There is still space available in the following classes:

  • December 2nd - Contracts Offers - Preparing and Presenting Offers, Multiple Offers, Contract Offers and Back-up Offers.
    Instructor - Al Monshower. 9:30 a.m. to 12:30 p.m.
    3 hours of MD Continuing Education. Location - LaFontaine Bleu.
  • December 5th - MD 6 Hour Required Course consisting of MD Legislative Update (3 hours), MD Legal Update (1.5 hours) and MD Fair Housing (1.5 hours).
    Instructor - Don Martin.
    Location - Association Office. SPACE IS VERY LIMITED. NO WALK-INS.
  • October 7th - Creating Leverage for Your Buyer.
    Instructor - Matt Tove, 1st Mariner Mortgage. 6:00 p.m. to 9:00 p.m.
    3 hours of MD Continuing Education. Location - Association Office.

PLEASE NOTE: These 3 classes meet the 6 hour requirement for those licensed for more than 10 years. The cost for the 6 hours is $60 for REALTORS and $100 for non-REALTORS.

Registration fee for REALTORS is $25 for 3 hours of credit. A $15 late fee is charged if reservations are made less than 3 days prior to any class. NO WALK-INS.

For more information call the Association office at 301-306-7900 or visit our Online Education Calendar.

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