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April 25, 2007

 

Come enjoy a night of entertainment
Las Vegas style and help RPAC!
TONIGHT, April 25 from 6 to 9 p.m. at La Fontaine Bleu
7963 Annapolis Road, Lanham, MD 20706.
We'll have Roulette, Blackjack, Craps, Texas Hold 'Em Poker, and more. For RPAC you may register onsite, but it's nice to know you're coming! Click HERE to register.

 
 

REALTOR® EXPO & TRADE SHOW
Join us on June 14th at La Fontaine Bleu in Lanham 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. An ice cream social and prize drawing caps off this exciting day.

Register now!

COST:
Only $75 for Members; $100 Non-Members.

Earn up to 6 hours of MD and DC Continuing Education, Continental Breakfast and Lunch.

Classes offered include:

  • MD Legislative Update/Advertising Obligations
    3.0 CEU - MD required & DC elective hours
    Instructor: Al Monshower
  • DC Fair Housing & Predatory Lending
    3.0 CEU - DC required hours
    Instructor: Tom Lynch
  • Creating Leverage for Your Buyer
    3.0 CEU - MD & DC elective hours
    Instructor: Matt Tove
  • MD Real Estate Ethics
    3.0 CEU - MD required & DC elective hours
    Instructor: Al Monshower
  • DC Ethics
    3.0 CEU - DC required hours
    Instructor: Tom Lynch
  • Home Inspections & Environmental Issues
    3.0 CEU - MD & DC elective hours
    Instructor: Walter Clews

 

GIVE BLOOD, GET LIMITED-EDITION T-SHIRT
PGCAR will be hosting a Blood Drive at the association office next Wednesday, May 2, from 9 a.m. to 3 p.m. Call Marie at 301-306-7900, ext. 221 to schedule your life-saving donation. Each participant will receive a limited-edition Red Cross T-shirt.

 

PGCAR MEMBERSHIP MEETING. . . WITH SPECIAL SPEAKERS!

PGCAR will be holding a General Membership Meeting and Dinner on Wednesday, May 9 starting at 6:00 p.m.
You will not only enjoy our special speakers, but also gain insights from their very unique perspectives on why Prince George's County is such a special place to call home.

FREE to PGCAR Members — But please RSVP here!

 

LET'S SHOW THE WORLD THAT WE C.A.R.E.

Each year, MAR gives a cash prize of $10,000 to the charity of the winning association's choice to recognize their achievements of community service and charitable actions. The award is designed to raise the profile of REALTORS® and the REALTOR® association by focusing on boards that have demonstrated an extraordinary record through direct local Association community service involvement to include endeavors by its REALTOR® Members and offices.

Prince George's County REALTORS® work harder and give more than any others, and we want to show that we are the BEST. YOU CAN HELP by providing information about the many things you and your company do within the community!

Fill out the online volunteer questionnaire here >>
It's quick and easy and only takes 2-3 minutes of your time, to possibly spotlight and win money for a Prince George's charity!

 

MAR ROOKIE REALTOR® OF THE YEAR AWARD
Each year, MAR recognizes a REALTOR® in the business four years or fewer, who has demonstrated excellence in knowledge, work production, civic activity, and service to their local, state, and/or national associations. This year, applications MUST be signed by the Broker/Manager of the nominee for consideration. ONE (1) COLOR PHOTO (any size) must accompany each entry form to be used for promotional purposes. Nominations can be made by completing the entry form.

Rookie REALTOR® of the Year Award application  ()
Deadline: June 1, 2007 at 5 pm

REALTOR® OF THE YEAR (ROTY) AWARD
The association is looking for suitable candidates for the REALTOR® of the Year. Criteria was updated to provide more clear instructions for several areas. Nominees still must sign the application to verify that it is accurate and complete. One ROTY application is required to be submitted by each Local Board/Association in order to be entered in the MAR competition. The winner of the State Award will be sent to the NATIONAL ASSOCIATION OF REALTORS® (NAR) for consideration in the national award. ONE (1) COLOR PHOTO (any size) in digital format must accompany the entry form to be used for promotional purposes.

Winners will be selected based on the following criteria:

  • Local board/association activity
  • MAR/NAR association activity: Committee Service to MAR and/or NAR; attendance at MAR and/or NAR functions, Leadership Academy, Rookie REALTOR® Society, and conventions.
  • Civic activity: Participation in civic, service clubs, charitable activities, political action, fraternal or religious groups, etc.
  • Business conduct and practices: Provide specific business activities nominee has implemented to enhance the REALTOR® image and identify specific measures nominee has taken to advance his/her business and career in real estate.
  • Education: Credit given for seminars, courses toward designations, any professional education courses that improve ability and expertise (based on whole career).

REALTOR® of the Year Award application  (   )
Deadline for ROTY: May 25, 2007 at 5 pm

AFFILIATE OF THE YEAR AWARD
Criteria is based on participation in local and state association functions, sponsorship of educational and other programs of the association, involvement in the community and fair business practices. Nominate yourself, or an affiliate you know who is deserving of this award.

Affiliate of the Year Award application  (   )
Deadline for Affiliate of the Year: May 25, 2007 at 5 pm

ARE YOU REALTOR® EMERITUS MATERIAL?
Any person who has held membership in the National Association as a REALTOR®, REALTOR-ASSOCIATE®, or a combination of both, for a cumulative period of 40 years in one or more Associations of REALTORS®, is eligible for REALTOR® Emeritus status. Upon approval by the Board of Directors of the NATIONAL ASSOCIATION OF REALTORS®, no further payment of dues is necessary to the National Association by the Member Association of which the REALTOR® Emeritus is a member. If you have been a "REALTOR®" for 40 years or more, please let Joan Ostenso know at jostenso@pgcar.com TODAY.

 
 

NAR MIDYEAR MEETINGS REGISTRATION NOW OPEN

Once again this year, NAR's Midyear Legislative Meetings & Trade Expo will be held in Washington, DC. These FREE meetings are scheduled for May 14-19 and registration for the event is now open online.

Click here for more information or to register >>

 

 

MAR COMMITTEE SIGN-UP

The 2007-2008 Committee Volunteer Form is now online. If you are already on a MAR committee, you do not automatically retain your status – you MUST fill out a form for next year. The form has been changed somewhat, and submissions are only being accepted online. The deadline for submissions is May 21. Please apply ASAP to retain a seat on your selected committees. The direct link is www.mdrealtor.org/cvf2007.aspx.

NAR Committees are also seeking nominations for 2008 committee selections. For more information and the online nomination form, please visit REALTOR.org.

 

REMINDER: ARTICLE VIII
USE OF THE TERMS REALTOR® AND REALTORS®

Section l. Use of the terms REALTOR® and REALTORS® by Members shall, at all times, be subject to the provisions of the Constitution and Bylaws of the NATIONAL ASSOCIATION OF REALTORS® and to the Rules and Regulations prescribed by its Board of Directors. The Association shall have the authority to control, jointly and in full cooperation with the NATIONAL ASSOCIATION OF REALTORS®, use of the terms within its jurisdiction. Any misuse of the terms by members is a violation of a membership duty and may subject members to disciplinary action by the Board of Directors after a hearing as provided for in the association's Code of Ethics and Arbitration Manual. (Amended 06/2006).

For more information, please visit www.realtor.org.

 
 

REALTOR® MAGAZINE SEEKS ENTRIES FOR GOOD NEIGHBOR AWARDS

REALTOR® Magazine is seeking nominations for the 8th annual REALTOR® Magazine Good Neighbor Awards. The program recognizes REALTORS® who have made an extraordinary commitment to community service. The deadline to apply is May 25, 2007. Visit www.realtor.org for more information and an application.

 

 

CONTINUING EDUCATION

Meet your Continuing Education requirements for Maryland and DC license renewal!
Sign up for multiple classes here!


This Thursday, April 26
MD Real Estate Ethics
3.0 MD Required CEU; 3.0 DC Elective CEU
Don Martin 9:30 am - 12:30 pm

MD Required Courses - Friday, May 4
MD Real Estate Ethics
3.0 MD Required CEU; 3.0 DC Elective CEU
Don Martin 9:30 am - 12:30 pm
MD Legislative Update
3.0 MD Required CEU; 3.0 DC Elective CEU
Don Martin 1:30 pm - 4:30 pm

Thursday, May 10
What You Don't Know About Credit Can Hurt U
3 Elective CEU, MD Only
Matt Tove 6:00 pm - 9:00 pm

Wednesday, May 16
DC Ethics
3 DC Required Ethics CEU; no MD CEU
Prabhjit Singh 9:30 am - 12:30 pm
DC Legislative Update / Landlord Tenant Rights
3 DC Required Legislative Update CEU; no MD CEU
Prabhjit Singh 1:30 pm - 4:30 pm

Friday, May 18
Contracts
3 Elective CEU, MD & DC
Stu Stern 9:30 am - 12:30 pm
MD Fair Housing
1.5 MD Required Fair Housing CEU; 1.5 DC Elective CEU
Stu Stern 1:30 pm - 3:00 pm
How to Save 10K & Your Real Estate License
1.5 Elective CEU; MD only
Stu Stern 3:15 pm - 4:45 pm

August 2007
GRI Series 200
5 classes, 30 CEU
Various Instructors 8:30 am - 4:00 pm

October 2007
GRI Series 300
5 classes, 30 CEU
Various Instructors 8:30 am - 4:00 pm

 

Code of Ethics Case Study: Case #1-13: Obligation to Present Subsequent
Offers After an Offer to Purchase Has Been Accepted by the Seller
REALTOR® A had a 90-day exclusive listing on Seller X's property. Seller X instructed REALTOR® A to list the property at $150,000 based upon the sales price of a neighbor's house, which had sold a month earlier.

REALTOR® A aggressively marketed the property, filing the listing with the Board's MLS, running a series of advertisements in the local newspaper, holding several "Open Houses," and distributing flyers on the property at local supermarkets. REALTOR® A, whose listing contract was nearing expiration, held another "Open House" on the property, which resulted in an offer to purchase from Buyer Y at $15,000 less than the listed price. REALTOR® A, convinced that this was the best offer Seller X was likely to obtain, persuaded Seller X to accept the offer. Seller X expressed dissatisfaction with REALTOR® A's failure to obtain a full price offer, but signed the purchase agreement nonetheless.

The next day, REALTOR® B, a cooperating broker, delivered to REALTOR® A a full price offer on Seller X's property from Buyer Z. Buyer Z had attended an earlier "Open House" and was very enthusiastic about the home's location, stating that it would be perfect for his mother.

REALTOR® A advised REALTOR® B and Buyer Z that an offer had already been accepted by Seller X and that he, REALTOR® A, would not present Buyer Z's offer. REALTOR® B and Buyer Z then promptly filed a complaint with the Board charging REALTOR® A with a violation of Article 1, as interpreted by Standard of Practice 1-7.

At the hearing, REALTOR® A stated that he felt he was under no obligation to present Buyer Z's offer, since the listing agreement did not specifically provide that subsequent offers would be presented to the seller. Further, REALTOR® A felt that such a practice could only lead to controversy between buyers and sellers, as well as result in breached contracts. "Why get everyone in an uproar," said REALTOR® A, "by presenting offers after one has been accepted? And what would I do if Seller X wanted to back out of the first purchase contract and accept Buyer Z's offer?"

The Hearing Panel found REALTOR® A in violation of Article 1. In their "Finding of Fact and Conclusions," the Hearing Panel cited REALTOR® A's lack of understanding of the requirements of Article 1, as interpreted by Standard of Practice 1-7. The panel noted that state law did not prohibit the presentation of offers after an offer had been accepted by the seller; that the fact that the listing contract was silent on whether subsequent offers would be presented did not relieve REALTOR® A of the obligation to present such offers; that as the agent of the seller, REALTOR® A must always act in the seller's best interest and advise the seller of all offers submitted; and that should the seller wish to consider accepting a subsequent offer, REALTOR® A must advise the seller to seek the advice of legal counsel.

SPOTLIGHT SPECIAL

BE IN THE SPOTLIGHT FOR FREE!

That's right, FREE! Write an article that would be of interest to real estate consumers and have it published in 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.

Article Deadline Monday,
May 14
  Space Reservation
& Ad Copy Deadline
Tuesday,
May 15
  Publication
Date
Thursday,
May 31

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
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