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April 12, 2006

RPAC COUNTRY / WESTERN PARTY AND
SILENT AUCTION

NEXT 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


 

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 network with other agents. A reception and prize drawing cap off this exciting day.

 

AND THE AWARD GOES TO

It's time to salute the best of the best-and submitting nominations is easy! Send names of outstanding real estate professionals for the following awards no later than Friday, May 5, to jostenso@pgcar.com:

  • REALTOR® of the Year
  • Rookie REALTOR® of the Year
  • Community Service Award (goes to an individual REALTOR®)
ALSO: MAR will once again honor the top association in the state for its members' volunteer efforts in the community with the Community Action and REALTOR® Excellence (C.A.R.E.) Award. Please fill out this form so that you and the association may be recognized for your achievements. Prince George's County REALTORS® are so involved in our community. Let's let everyone know it!

 

NEW!   RECENT LAWS AFFECT REQUIRED DISCLOSURE NOTICES

REALTORS® transacting business in Prince George's County Maryland should be aware of two recently enacted laws requiring mandatory disclosure notices.

  • Both laws affect all residential sale transactions,
  • both require separate disclosure forms,
  • both mandate the specific format and language used in the disclosure, and
  • both could nullify a sale contract if not disclosed properly.

Visit the PGCAR.com Members Only Section under "New Legislation and Regulations" for full information as well as new forms PG1328 and PG1329 which have been prepared by Association counsel to start using immediately in meeting required disclosures.

 

APRIL IS

  • Fair Housing Month!
  • Mathematics Awareness Month
  • Earth Day (April 22)
  • Administrative Professionals Week (April 23-29)
  • Administrative Professionals Day (April 26)

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 no later than April 24 at hlamere@gazette.net. Click here to view coverage areas.

Space Deadline Tuesday,
Apr. 25
  Ad Copy Deadline Friday,
Apr. 28
  Publication Date Thursday,
May. 11

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.

 

BUY LOWE'S GIFT CARDS AT A DISCOUNT

REALTOR® Benefits partner Lowe's Home Improvement is offering NAR members 5 percent off online purchases of Lowe's gift cards when ordered at the Lowe's REALTOR® Benefits Web site. NAR members who register for the program can order gift cards individually or in bulk, and can have them sent to themselves or directly to clients with a personalized letter. To order online, first register, then enter the client profile and make your gift card order. Lowe's offers free direct mail marketing. This discount is not available in Lowe's stores or at Lowes.com. For more information, click here.


REALTOR® STORE FEATURED ITEMS

While supplies last...15% off! 2006 Calendar Magnets make great promotional items, priced at only $12.50 for a pack of 25! Get your appointments organized with a 2006 Boss Planner, for only $21.50!
Through April 30 in the PGCAR REALTOR® Store.
Don't delay, buy today — All at 15% off!

 

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 all of your fellow REALTOR® members know that the Good Neighbor Award nomination cycle has begun. Please feel free to nominate yourself or any 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 18 What Every REALTOR® Should Know about Mortgages Michael Chelst 9:30 am - 12:30 pm 3
MD Only
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 6-4: Acceptance of Rebates From Contractors

REALTOR® A, who managed a 30-year-old apartment building for Client B, proposed a complete modernization plan for the building, obtained Client B's approval and carried out the work. Shortly after completion of the work, Client B filed a complaint with the Board of REALTORS® charging REALTOR® A with unethical conduct for receiving rebates of "kickbacks" from the contractors who did the work.

At the hearing, Client B presented written statements from the contractors to substantiate his charges.

REALTOR® A defended himself by stating that he had carried out all work involving the preparation of specifications, solicitation of bids, negotiations with the contractors, scheduling work and supervising the improvement program; that he had presented all bids to the owner who had authorized acceptance of the most favorable bids; and that he and Client B had agreed on an appropriate fee for this service.

REALTOR® A also presented comparative data to show that Client B had received good value for his money. After all of the contracts were signed and the work was underway, REALTOR® A found that his fee was inadequate for the time the work required; that he needed additional compensation but didn't want to add to his client's costs; and that when he explained his predicament to the contractors and asked for moderate rebates, they agreed.

Questioning by panel members revealed that the contractors felt that since they were being asked for rebates by the man who would supervise their work, they felt that they had no choice but to agree.

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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