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March 28, 2006

RPAC COUNTRY / WESTERN PARTY AND
SILENT AUCTION

Wednesday, April 19 — Due to popular demand, the RPAC Fundraiser country/western theme returns! Join us for a not-to-miss evening with karaoke, Texas Hold 'Em Poker, line dancing, Silent Auction, and more...

Click here for:
  ~ the Event Flyer
  ~ the Sponsor's Package
  ~ the Silent Auction Package


 

CONGRATULATIONS!

To the 750 attendees and 300 award winners from the Annual Awards Luncheon held March 16. Special congratulations to the following honorees:

  • Bill Benjamin Award Winner: John Lesniewski of RE/MAX 100 in Camp Springs
  • DSC Hall of Fame Inductees: Maureen Jordan of Coldwell Banker Residential Brokerage in Bowie, John Lesniewski of RE/MAX 100 in Camp Springs, Stu Stern of Coldwell Banker Residential Brokerage in Gambrills, and Ruth Wright of The Wright REALTOR® in Mitchellville
  • Rookie of the Year Award Winner: Angela C. Williams of Long & Foster Real Estate, Inc. in Bowie.

 

REALTOR® EXPO AND TRADE SHOW
Join us on May 4 at the Equestrian Center in Upper Marlboro for PGCAR's Annual REALTOR® Expo and Trade Show. The event draws nearly 650 real estate professionals from across the metro area seeking to obtain continuing education credit, learn about the industry's latest products & services, and to network with other agents. A reception and prize drawing cap off this exciting day.

BE IN THE SPOTLIGHT. REACH OVER 150,000 HOMES AND BUSINESSES!

HURRY-HURRY-HURRY! The Gazette is accepting articles and advertisements for the monthly SPOTLIGHT ON HOMES supplement. If you are interested in writing an article or placing an ad in time for 150,000 people to see it during the HOT spring market, please contact Heidi LaMere at hlamere@gazette.net. Click here to view coverage areas.

Space Deadline Tuesday,
Mar. 28
  Ad Copy Deadline Sunday,
Apr. 2
  Publication Date Thursday,
Apr. 13

Contact Heidi LaMere for Advertising & Submissions
240-888-7509 direct   301-731-2134 desk   hlamere@gazette.net


NEW MEMBER ORIENTATION

Our next New Member Orientation is Wednesday, April 26, from 11:30 a.m. to 4 p.m. at La Fontaine Bleu. Affiliates: If you would like an exhibit table, please RSVP to info@pgcar.com no later than Friday, April 21.


REALTOR® STORE FEATURED ITEMS

While supplies last, buy REALTOR® Caps & Visors for only $12.50 each, and REALTOR® Golf Balls for only $7.00! Great for yourself, or as appreciation gifts, and the bold yet stylish REALTOR® merchandise is sure to be a great conversation starter. Perfect for talking up your business.
Through March 31 in the PGCAR REALTOR® Store.
Don't delay — buy today!

 

HAVE YOU BEEN A REALTOR® FOR 40 YEARS?

Submission date for 40-year REALTOR® Emeritus members is nearing. April 21 is the deadline for receipt of completed certification forms and supporting documentation for approval by the NAR Board of Directors at the 2006 Midyear Legislative Meetings & Trade Expo in Washington, DC, May 15-19. Click here for application and details.

 

NAR MIDYEAR MEETINGS: REGISTRATION OPEN

Register and make hotel reservations for the REALTORS® Midyear Legislative Meetings & Trade Expo, May 15-20, in Washington, DC, online now. Hurry--reservations for hotels near the conference sell out quickly. To view preliminary schedule, click here. Remember: Registration is FREE for all REALTORS®.

 

LAISSEZ LES BON TEMPS ROULER!

From November 10 through 13, thousands of REALTORS® will celebrate NARdi Gras at the biggest and most memorable REALTORS® Conference & Expo ever! NARdi Gras will be a celebration of REALTORS® coming together to REnew, REconnect, and REenergize their careers and the city of New Orleans.

 

GOOD NEIGHBOR AWARD DONATIONS INCREASED TO $10,000

Make sure your members know that the Good Neighbor Award nomination cycle has begun. Please feel free to nominate members who should be recognized for their volunteer work, or pass this information along to them. This year, the five winners will receive grants of $10,000 for their community cause, as well as travel expenses to attend the REALTORS® Conference & Expo in New Orleans, where the awards will be presented. Entries must be received by May 26. For more information and an entry form, click here.

UPCOMING CONTINUING EDUCATION CLASSES

Date Course Title Instructor   Time   Hours
Apr 12 Taxes — Save Money Linda de Marlor 1:30 pm - 3:00 pm 1.5
MD & DC
Apr 19 MD Legislative Update Don Martin 9:30 am - 12:30 pm 3
MD & DC
MD Fair Housing Don Martin 1:30 pm - 3:00 pm 1.5
MD & DC
Apr 21 Contracts Al Monshower 9:30 am - 12:30 pm 3
MD & DC
Legal Update/Advertising Obligations Al Monshower 1:30 pm - 4:30 pm 3
MD & DC
Apr 24 REALTOR® Etiquette Stu Stern 1:00 pm - 2:30 pm 1.5
MD Only
Save 10K and Your Real Estate License Stu Stern 2:45 pm - 4:15 pm 1.5
MD Only
Apr 27 MD Real Estate Ethics Don Martin 9:30 am - 12:30 pm 3
MD & DC
May 12 MD Legislative Update Don Martin 9:30 am - 12:30 pm 3
MD & DC
MD Fair Housing Don Martin 1:30 pm - 3:00 pm 1.5
MD & DC
May 26 MD Real Estate Ethics Don Martin 9:30 am - 12:30 pm 3
MD & DC

Registration fee for REALTORS® is only $25 for 3 hours of credit and $15 for 1.5 hours of credit. Above classes are limited to the first 45 registrants. For reservations made less than 3 days prior to a class, please add $15 to the Tuition Fee. ABSOLUTELY NO WALK-INS. For more information call Scott Miller, Education Director, at the association office 301-306-7961 or visit our website at www.pgcar.com for the latest schedule.


Code of Ethics Case Study
Case 4-6: Disclosure of Secured Interest in Listed Property

Buyer X was interested in purchasing a home listed with REALTOR® B but lacked the down payment. REALTOR® B offered to lend Buyer X money for the down payment in return for Buyer X's promissory note secured by a mortgage on the property. The purchase transaction was subsequently completed, though REALTOR® B did not record the promissory note or the mortgage instrument.

Within months Buyer X returned to REALTOR® B to list the property because Buyer X was unexpectedly transferred to another state. REALTOR® B listed the property, which was subsequently sold to Purchaser P. The title search conducted by Purchaser P's lender did not disclose the existence of the mortgage held by REALTOR® B since it had not been recorded, nor did REALTOR® B disclose the existence of the mortgage to Purchaser P. The proceeds of the sale enabled Buyer X to satisfy the first mortgage on the property, and he and REALTOR® B agreed that he would continue to repay REALTOR® B's loan.

Following the closing, REALTOR® B recorded both the promissory note and the mortgage instrument. When Purchaser P learned of this, he filed an ethics complaint alleging that REALTOR® B had violated Article 4 by selling property in which she had a secured interest without revealing that interest to the purchaser.

What do you think the hearing panel concluded? Click here for the answer!

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  :  ©2006, PGCAR
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