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December 27, 2006

We wish you & your family a joy-filled holiday season and a happy New Year!
The PGCAR office will be closed on Monday, January 1.



PGCAR would like to thank this year's sponsors for making the PGCAR Annual Holiday Gala such a great success:

Accurate Settlements - Individual Photographs
Beltway Title - Open Bar
Exit 1 Stop Realty - Turkey & Ham Station
Home First Title Group - Tarot Card Reader
Old Line Bank - Santa's Gifts
SunTrust Mortgage - DJ
Village Settlements - Caricaturist

Other Sponsors:
John Allen - Neighbors Realty
Bill Ampofo - Avalar Smart Choice Realty
Mike Cerrito - Cerrito Realty LLC
Al Johnson - Countrywide Home Loans - Waldorf
Custom Title & Settlements
Ruth Wright - The Wright REALTOR® LLC

Door Prizes:
Ann D'Ambrosia - Coldwell Banker Residential Brokerage
Casey Lewis - Murrell, Inc.
Harmon Homes Magazine
Homes & Land Magazine
Keller Williams Preferred Properties
Maximum Title
Rose Marie Jung
Village Settlements
VIP Title

Also, thank you to all members who donated coats for the needy and food for the hungry, affording more local families to celebrate the holidays this year!

We appreciate all who attended and helped celebrate the season. We still have photographs in the office. If you wish to pick them up you still can.

MD Real Estate Ethics
Meets the 3 CE Ethics Requirement for MD License Renewal
Next Friday, January 5 ~ 9:30 a.m. to 12:30 p.m.
Register for Ethics and other CE classes here!



Monday, February 12, 2007 at the Greenbelt Marriott, Greenbelt, from 11:30 a.m. to 1:30 p.m. You know that question that you have been yearning to ask MAR leadership? Here's your opportunity to do so! Join your colleagues for an informal complimentary lunch and meet the MAR Leadership and staff to find out the answers to those questions. RSVP to



PGCAR would like to publicize what you are doing in the community during this Holiday Season. Please email, fax or mail how you have done or are doing within your community. If you have any questions, please contact Joan Ostenso at 301-306-7900 Ext. 223.



Although sales activity and single-family home prices are slightly down from last year, conditions for home buyers continued to improve during the third quarter. "With the market in full transition, buyers now have choices and sellers are more willing to negotiate - under these circumstances it's no surprise that overall home prices are slightly below a year ago. We expect this trend to continue in the months ahead, but we'll see modest appreciation in most of the country in 2007," said David Lereah, NAR chief economist. Click here to read more.


The Worst is Over

Three-quarters of the nation's housing markets will start to improve next year, while the remainder continue to feel the remnants of this year's contraction. In his monthly commentary at the Real Estate Insights web site, NAR Chief Economist David Lereah says "waiting-on-the-sidelines" buyers should take heart because affordability conditions are improving. Click here to read more.


Like-kind Exchanges Can Be Effective Strategy for Property Owners

Despite the complex rules of like-kind exchanges, you can advise clients on how to acquire new property while incurring little or no tax liability. Read more >>


The 5,950 to 1 Longshot

Here are some of the trends that you can leverage in your local real estate advertising to help break through the clutter and get what you want from your advertising — awareness, action, and listings! Read more >>


Code of Ethics Case Study
Case #3-5: Refusal to Extend Cooperation In Sale of New Homes
REALTOR® A, who operated a brokerage business in many areas of the city, was also a home builder. For homes he built, he maintained a separate sales force and consistently refused to permit other REALTORS® to show his new homes.

This practice came to the attention of an officer of the Board of REALTORS® who made a complaint which was referred to the Professional Standards Committee by the Grievance Committee. At the hearing, the Hearing Panel asked REALTOR® A to answer charges that his policy violated Article 3 of the Code of Ethics.

REALTOR® A's defense was that Article 3 requires REALTORS® to cooperate with other brokers "except when cooperation is not in the client's best interest." He contended that in selling his own new homes there was no client; that he was not acting in the capacity of a broker, but as owner-seller; and that, under the circumstances, Article 3 did not apply to his marketing the houses he built.

The Hearing Panel concluded REALTOR® A's defense was valid; that he was a principal; that Article 3 permitted him, as the builder-owner, to decide what marketing procedure would be in his best interest; and that although other REALTORS® might disagree with his decision, he was not in violation of Article 3.


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 Monday,
Jan. 8
  Space Reservation
& Ad Copy Deadline
Jan. 9
Jan. 25

If you are interested in writing an article or placing an ad, please contact
Heidi Lamere at 301-731-2134, 240-888-7509 or

Prince George's County Association of REALTORS®
8400 Corporate Drive  :  Suite 225 : Landover MD 20785
Phone 301-306-7900  :  Fax 301-306-8273  :  :  ©2006, PGCAR
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