|3 CEU CLASS with Al Monshower|
SHORT SALES! What's a REALTOR® to Do?
This Friday, February 27th, 1:00 p.m. - 4:00 p.m.
at La Fontaine Bleu, in Lanham!
This Program will address all aspects of Short Sales, including a comprehensive thirteen-page Short Sale Workflow Chart and a discussion of Options, Forms, Commission Issues,
Legal Requirements and Tax Consequences.
Learn about SHORT SALES from the legal expert who explains
with clarity what REALTORS® need to know.
Only $15 for REALTORS®; $25 for non-REALTORS®
Register online at www.pgcar.com >>
|2009 MAR LEGISLATIVE DAY - This Wednesday|
Please join us at the Maryland Association of REALTORS® Annual Legislative Day this Wednesday, February 25th at the Loews Annapolis Hotel. The program begins at 3:30 p.m. with registration starting at 3 p.m. Key legislative officials will be present and the program will feature various guest speakers briefing us on top issues affecting REALTORS® in the upcoming 2009 General Session. A reception will follow at 6 p.m. and will conclude at 8 p.m.
REALTORS® and their guests are welcome to attend the 3:30 Legislative Day Program FREE. All are also welcome to attend the evening reception for a modest $15 "cover" for drinks and hors d'oeuvres.
Please RSVP your attendance plans, for both the Legislative Day Program and Reception to Sheryl Bergman via email to firstname.lastname@example.org or by phone at 800-638-6425.
Meet your local legislators and show our REALTOR® strength.
We hope to see everyone there to start off the 2009 Legislative Session right!
MAR 2009 Legislative Priorities >>
2008 PGCAR Achievement Awards
Be recognized as an Achievement Awards advertiser or sponsor
|REAL ESTATE COMMISSION ANNOUNCES NEW LICENSING FEES|
- Now Effective -
The regulation increasing fees for license renewals and other services will officially become effective March 1, 2009. However, due to normal processing time, paper transactions must have been postmarked by February 20 to qualify for the current fees. The lower, current fees will apply to electronic licensing transactions completed prior to midnight this Saturday, February 28, 2009. Maryland Association of REALTORS® President Iona Harrison asked the Commission to postpone the effective date of the fee increases, but the Commission concluded that such a delay would threaten the solvency of the Commission's operating fund.
Click here for the Commission Announcement and fee schedule.
Earn All Required
MD and DC Continuing Education Hours
|EARN YOUR GRI
GRI 200 Starts April 9
|Sign up for the entire, 27 CE Series here!
Need a few make-up classes?
Sign up for individual classes by clicking class titles below.
PGCAR MEMBER or REALTOR® Fee - $325 Full Series / $ 85 Each Module
Non-Member / Non- REALTOR® Fee - $625 Full Series / $125 Each Module
All Classes are Held 8:30 a.m. to 4:00 p.m. at PGCAR
CLASSES ARE LIMITED TO THE FIRST 40 REGISTRANTS
REGISTER AT WWW.PGCAR.COM >>
Rookie REALTOR® Society Presents:
What in the World Happens at Settlement?
Next Thursday, March 5
At La Fontaine Bleu,
7963 Annapolis Road
Lanham, MD 20706
||Registration & Networking
|10:00 - 12:00 noon
FREE to all Rookies, but registration is required.
Jump in to a Great Career! Download the flyer, save the dates of future meetings and come on out for FREE industry know-how and networking.
NEIGHBORHOOD STABILIZATION PLAN UPDATE
In November, PGCAR detailed the County's proposed down payment and closing cost assistance program entitled the Neighborhood Stabilization Plan, or NSP. Our County officials have been working diligently with the U.S. Department of Housing and Urban Development to shore up the final details of the plan. The NSP does a number of things: most important to REALTORS® is down payment and closing cost assistance loans for low income buyers of foreclosed properties.
Down Payment Closing Cost Assistance Program
DRAFT Program Fact Sheet
As we wait for the final "roll out" of the NSP, hopefully in March, there are a number of things that members can do to prepare:
- Search MRIS and create an inventory of foreclosed properties
- Attend FHA 203K Rehab Financing Workshops
- Pre-Qualify buyers under the parameters of the income limits (see attached)
- Encourage your buyers to attend 8 hour housing counseling and financial literacy classes
There is over $7 million dedicated to down payment and closing cost assistance. It is estimated that this will translate into over 700 loans. Prepare yourself and your clients to be ready for this opportunity. PGCAR will continue to keep members informed on this issue.
PRESIDENT SIGNS THE AMERICAN RECOVERY AND
REINVESTMENT ACT OF 2009
On Tuesday February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009. The bill, H.R. 1, was supported by the Prince George's County Congressional Delegation: Representatives Steny Hoyer (D-D5), Donna Edwards (D-D4) and Chris Van Hollen (D-D8) and Maryland Senators Barbara Mikulski (D) and Ben Cardin (D).
The National Association of REALTORS® strongly lobbied in support of the bill as elements of the NAR Housing agenda were included.
The following link provides information and in-depth summary of H.R. 1:
Summary of Key Provisions of HR 1 >>
Code of Ethics Case Study: Case #10-4:
Use of "Choose Your Neighbor" Marketing Letters
REALTOR® A listed a property in a new subdivision. At the instruction of his client, Seller X, REALTOR® A did not file information on the listing with his Board's MLS, did not place a "For Sale" sign on the property and did not advertise the property in the local newspaper. Seller X had told REALTOR® A that he wanted the sale handled quietly, with the new purchasers being people who would "fit into the neighborhood-people with the same socioeconomic background" as the other residents of the subdivision.
Based on his conversation with Seller X, REALTOR® A's only marketing effort was mailing a letter to the other residents of the subdivision, inviting them ". . . to play a part in the decision of who your next neighbor will be. If you know of someone who you would like to live in the neighborhood, please let them know of the availability of this home, or call me and I will be happy to contact them and arrange a private showing."
REALTOR® A's marketing strategy came to the attention of REALTOR® B, whose mother lived in the subdivision. REALTOR® B filed a complaint charging REALTOR® A with a violation of Article 10 of the Code of Ethics.
At the hearing, REALTOR® B told the Hearing Panel of receiving a copy of the marketing letter from his mother, who had recently moved to the subdivision. REALTOR® B advised the panel that he had checked the Board's MLS for information on the property, had driven past the house to look for a "For Sale" sign and had scanned the Sunday real estate section of the local newspaper for information on the property. Finding no mention of the property in either the MLS or the newspaper and noting the absence of a sign on the property, REALTOR® B concluded that REALTOR® A's marketing strategy was to limit access to the property to individuals preselected by the current residents. "In my mind," said REALTOR® B, "this could only mean one thing. REALTOR® A was deliberately discriminating against home seekers from other areas, or those with different backgrounds, who would never have the opportunity to learn about the house's availability. Obviously, REALTOR® A was directing all of his marketing energies into finding purchasers who would not disrupt the ethnic and economic character of the neighborhood."
REALTOR® A defended his actions by advising the panel that he was acting on Seller X's instructions. Seller X appeared as a witness for REALTOR® A and confirmed this fact, adding that he and the other residents of his block had an informal agreement that they would try to find "suitable" purchasers for their homes if they ever decided to sell. Seller X felt that by broadening the marketing campaign to include all residents of the subdivision he had increased the chances of finding such potential purchasers.
Based on your understanding of the Code of Ethics Article 10, how do you think the Professional Standards Panel ruled?
Find out here >>
You Be the Judge
Compare this week's scenario and verdict with details of the REALTOR®'s advertising campaign in Case #10-5 from the last issue of REALTOR® Connection. What are the differences in advertising details and intent which leads to different verdicts in these two cases?
Membership Renewals are Now PAST DUE!
Haven't renewed yet? Save the loss of lockbox, MRIS discounts and other REALTOR® Membership benefits. Renewing online is as easy as 1-2-3.
1 - Click here
2 - Log in
3 - Renew online and receive your itemized receipt immediately !
Thank You for Making PGCAR One of the
BEST professional associations!
|LEGAL ALERTS: CHANGES IN RESPA LAW NOW EFFECTIVE|
NEW REAL ESTATE SETTLEMENT PROCEDURES ACT ("RESPA") RULES
The purpose of the reform, according to HUD, is to improve the disclosure of the key loan terms and closing costs consumers pay when they buy or refinance their home. Every settlement service provider will be affected by the reform, including the mortgage industry, the title insurance industry, real estate brokers and agents, and homebuilders. While the final rule allows one year to implement the use of the new Good Faith Estimate and the new HUD-1, there are certain components of the final rule that became effective January 16, 2009.
Details in Members Only >>
Do You Have Listings in Montgomery County?
Montgomery County Law now requires that any advertisements, sales brochures, signs, or other sales material (electronic or printed), as of January 26, must include notice that:
- the property is or would be located in a development district; AND
- any potential buyer should ask the seller about the additional taxes and other charges for which a property owner in the district may be liable
Details in Members Only >>
|MRIS PRESIDENT & CEO DAVID CHARRON . . .|
. . . Named One of the 100 Most Influential Real Estate Leaders: 2008
MRIS, February 16, 2009 - We are thrilled to announce that MRIS President and CEO, David Charron, has been named to the Inman News Top 100 Most Influential Leaders in Real Estate: 2008 report. The list reflects the industry's best and brightest and also includes those individuals from outside of the real estate industry whose actions influence the business of buying and selling real estate. The people on the list embody leadership, innovation, ingenuity, power and persistence.
Inman News recognizes Charron in the Trade Association and Government Agencies category, which honors key players in the legislative, regulatory and legal arena of the real estate industry including MLS's which are on the front lines of change in the real estate industry.
Charron earned the honor along with some of the most well-known names in the finance and real estate industry such as Federal Reserve Board Chairman Ben Bernanke, Secretary of the Treasury Henry M. "Hank" Paulson Jr., and Sheila Bair, the Chairman of the Federal Deposit Insurance Corporation (FDIC).
MRIS is recognized in the list as one of the largest multiple listing service organizations in the country with more than 50,000 members in Maryland, Washington, D.C., Northern Virginia and parts of West Virginia and southern Pennsylvania. David joined MRIS in January 2001 with an extensive background in real estate, information systems and Internet business solutions.
|SENTRILOCK TECH TIP|
Verizon DSL or FIOS Compatibility Tip:
"Card Present in Reader But not Validated" error message
During the last few weeks SentriLock technical support has been monitoring regional association statistics and has found an increase in the amount of support calls and tickets regarding Internet connectivity. The majority of the issues were regarding issues with Verizon DSL or FIOS. Some agents have been calling support saying that when they stick their Sentricard in the card reader they get a "Card present in reader but not validated" error message. Several members of our technical support have been on the phone with Verizon and have verified that Verizon uses different IP addresses which constantly switch. In order to renew your Sentricard there must be a stable, known IP address which can be validated as authentic, since the data that we are sending is unique to individual Sentricard users and is encrypted. It is important to know that your Service Provider must allow Port 80 / Port 443 open in order to use the secure card utility. At least a few agents have called Verizon and asked that their Internet options be changed to allow card access to the desired ports as a way to have the issue corrected. If anyone is still having connectivity / validation issues please call Verizon support regarding your Internet Options or Ports, and SentriLock concerning the card utility and any other issues.
If you have any questions please let me know. Thank you for your time.
RLC Account Representative
877-736-8745 (Option 7 Ext. 750)
Place your ad 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.
CHOOSE YOUR SPECIAL!!!
- BUY 1 AD, GET AN AD IN THE GAZETTE OF YOUR CHOICE FOR 15% OFF
- BUY 2 ADS, GET THE 3rd HALF PRICE
- BUY 3 ADS, GET THE INTERNET FREE FOR 3 MONTHS
(ad must be the same ad that is in the spotlight and will run for 3 months straight)
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 Association of REALTORS® - brought to you by The Gazette.
If you are interested in writing an article or placing an ad, please contact
Heidi Lamere at 240-473-7588 or email@example.com.
SAVE THE DATE
Details coming shortly!
April 21st, 6 p.m. to 10 p.m.
|COMMUNITY SERVICE — TELL US WHAT YOU'VE DONE|
PGCAR members do so much to help others. Help us share this good news and we could win a donation from MAR of $1,000, $5,000 or $10,000 to the charities of our choice! Please complete a simple online form in the PGCAR.com Community Service section. Whether it was adopting a family, collecting "Toys for Tots," raising or making donations to charitable organizations, or donating time at your child's school, Scouts or at church, we want to know about it.
This year we would like to receive a C.A.R.E. award at the MAR Convention. With your help we can do that. The deadline is May 29th. We know many of you participate in multiple community events, so please submit as early as possible and with photos and testimonials when available. Online Form >>