Printable Version      Email to a Friend

Back to REALTOR® Connection Archive

October 11, 2006

 

 

Classes include: Legislative Update, New Agent Survival, Creating Leverage for Your Buyer, MAR Contract Highlights, MD Ethics, Home Inspections and Environmental Issues, and Real Estate Tax Issues. CLICK HERE TO REGISTER NOW.

 



HARRY CONNICK JR. TO PERFORM AT REALTORS® CELEBRITY CONCERT &
NARDI GRAS IN NEW ORLEANS!

Join NAR and special guest Harry Connick, Jr. at the REALTORS® Celebrity Concert on Sunday, November 12. And help NAR celebrate the spirit of rebirth in New Orleans this November by attending NARdi Gras, the 2006 REALTORS® Conference & Expo November 10 - 13. In addition to fun, NARdi Gras offers plentiful opportunities for networking and numerous educational events designed to help you grow your business. Register today!

Click Here for more information or to Register!

Keynote Speakers:

Presidents Bill Clinton and
George H. W. Bush

 

DUES BILLING

Membership renewals have been mailed and may be paid online with a credit card. Dues must be received no later than November 30, 2006 in order to prevent a late charge. Click here and log in to view, print, and pay your dues renewal online! Pay online and enjoy the convenience of receiving an itemized receipt within a few minutes via e-mail.

 

NEW CONTRACT FORMS AVAILABLE FOR MARYLAND

The Residential Sales Contract along with 4 other forms have all been updated as of October 1, 2006. Replace your old forms with the updates! All new forms and a listing of changes made to the current MAR Residential Contract of Sale are available in the PGCAR.com Members Only section and on ZipForm.

New Maryland (MAR) Contract Forms
Revised October 2006

 

CONTINUING EDUCATION

October 19 All Day CEU Event Various Instructors 9:00 am - 5:00 pm 6 CEU of your choice

October 25
MD Fair Housing Don Martin 1:00 pm - 2:30 pm 1.5 CEU
MD Required & DC elective

November 9
Real Estate Tax Issues Linda de Marlor 10:00 am - 11:30 am 1.5 CEU
MD & DC elective

December 15
Real Estate Tax Issues Linda de Marlor 1:00 pm- 2:30 pm 1.5 CEU
MD & DC elective

 

NEW CREDIT SCORE FORMULAS

Credit scores help lenders determine not only if prospective homeowners will get a mortgage and for what amount, but also what rates will be charged. The most commonly-used formula, the FICO score, has been around for years, but with recent changes in the lending market, consumers now have more options to build credit and get help towards securing financing. Read more >>

 

NEW SURVEY CLAIMS MORTGAGE APPLICATIONS HAVE DECREASED

According to this recent survey released by the Mortgage Bankers Association, the Market Composite Index measured a 0.9 percent decrease in mortgage loan applications on a seasonally adjusted basis. Read more >>

 

ARE YOU REGISTERED TO VOTE?

To vote in general elections in the state of Maryland you must be registered by Next Tuesday October 17. If you're not already registered to vote in Maryland, please Click Here.

 

UPDATED PUBLICATION

Real Estate Brokerage Essentials: Managing Legal and Business Issues is now available for purchase from NAR. Formerly entitled Don't Risk It!, this new REALTOR® Benefits Publication is a comprehensive guide to help brokers minimize the risk of legal liability. This updated publication includes a new chapter on Do-Not-Call, E-mail and Fax Regulations, as well as training modules, resources and tools to develop office policies and forms, new case studies and additional online resources and references.

To order copies Click Here, or call 1-800-874-6500 (select option '1'). (Item #126-358; $49.95).

 
DC PRESERVATION LEAGUE PRESENTS HISTORIC HOUSE TOURS

DCPL will hold two more tours in October:
  Wardman Row House Walking Tour
Saturday, October 14
10 a.m. to 3 p.m.
Tour begins at the National Building Museum
401 F Street NW
Judiciary Square Metro Station
Members $35; Non-Members $45
  Barney Circle Row House Walking Tour
Saturday, October 21
10 a.m. to Noon
Meet at the Potomac Avenue Metro Stop, 14th St &
Potomac/Pennsylvania Avenue SE Potomac Avenue
$10 Members; $15 Non-Members
RSVP at dcpreservation.org/calendar.html

 

Code of Ethics Case Study
Case #17-11: Appeal of Grievance Committee Decision

REALTORS® A and B were partners in a building company. They both held membership in the XYZ Board of REALTORS® and were participants in the Board's Multiple Listing Service. After many successful years, they decided to terminate their partnership, with REALTOR® A continuing the building business and REALTOR® B forming a new residential brokerage company. As part of their termination agreement, REALTOR® B agreed not to build new homes in the XYZ Board's jurisdiction for a period of 12 months.

Six months later, REALTOR® A filed a written request for arbitration with the Secretary of the XYZ Board of REALTORS®. In his request, REALTOR® A outlined the terms of their partnership termination agreement pointing out that REALTOR® B had continued to build new homes in violation of their agreement. REALTOR® A demanded that the Board take action to enforce the agreement and compel REALTOR® B to refrain from any further construction.

The Board Secretary forwarded the arbitration request to the Grievance Committee for review. After review, the Grievance Committee found the matter not properly arbitrable.

REALTOR® A was upset with the Grievance Committee's decision and appealed to the Board of Directors. The Board of Directors noted that Article 17 of the Code of Ethics of the Code of Ethics requires arbitration of disputes ". . .between REALTORS® associated with different firms arising out of their relationship as REALTORS®."

If REALTOR® A were requesting arbitration of a dispute arising out of a real estate transaction (such as a dispute concerning entitlement to commissions or subagency compensation), this would be a properly arbitrable matter. However, the Directors noted that the dispute in question related to provisions of a partnership termination agreement which the Board had no authority to enforce. The Directors advised that while the Board's arbitration facilities were available to settle disputes between members, buyers and sellers related to real estate transactions, the Board's authority did not extend to ordering performance of contracts since this was properly the privilege of the courts.

 

30 UNDER 30

Rising stars of real estate will be featured in REALTOR® Magazine's "30 Under 30" feature in June 2007. Criteria include business success, leadership, and ingenuity. Nominees must be NAR members and must be 29 years old or younger as of May 31, 2007. You may nominate a colleague, or members may nominate themselves. Application deadline is January 16, 2007. For more information and to access the application form, Click Here.

 

MID-ATLANTIC MLSs DISCUSS RESOURCE SHARING

MRIS, REIN invite other MLSs to join the talks. Read more >>

SPOTLIGHT SPECIAL

The Official Homes Section of The Prince George's County Association of REALTORS® brought to you by The Gazette. This is a special pullout FULL COLOR supplement reaching over 127,000 homes and businesses in Prince George's County.

Internet Upgrade Special: That's right, when you buy a print ad, you receive an online advertisement for only $50!

Article Deadline Tuesday,
Nov. 14
  Space Reservation
& Ad Copy Deadline
Wednesday,
Nov. 15
  Publication
Date
Thursday,
Nov. 30

If you are interested in writing an article or placing an ad, please contact
Heidi Lamere at 301-731-2134, 240-888-7509 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  :  ©2006, PGCAR
Back to REALTOR® Connection Archive