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March 19, 2012

    I n   t h i s   i s s u e . . .
  • First Annual 5K Fun Walk/Run is April 14
        - Sign up Today!
  • Luxury Home Marketing Training - This Week
  • MD & DC Primary Election Dates
  • 2013 NAR Leadership Academy
  • Annual Prayer Breakfast
  • Don't Be an April Fool, Get Credit Smart!
  • Cinco de Mayo RPAC Fundraiser
  • MAR Presents: Bio Sciences in MD and the
        Impact on Commercial Real Estate
  • Wanted: 2012 - 2013 MAR Committee Volunteers
  • 2012 NAR Midyear
  • Rally to Protect the American Dream
  • Good Neighbor Nominations
  • 2012 Membership Dues
    Homeownership Matters
  • My HOME & Buy Suitland - Increase in
        Qualifying Income Levels
  • Amazing Homebuyer Incentives
        - Resources & Training
    The Industry Insider
  • Keep the Save the MID Momentum Going
  • MID In The News
  • New FHA Annual and Upfront Premiums     Announced!
  • New PGCAR Find a REALTOR® Directory
        on Facebook
  • 3.8% Health Care Tax
  • Market Sen$e: Mortgage Rates
        & Home Sales on the Rise
  • February Single Family Home Sales Improve
  • Foreclosure to Rental - Pilot Program
  • Consumer Tip: Save Energy and Money in
        the Kitchen
  • WCR: Prince George's Chapter - Join Today
  • Sales Coach: Steps to Build Your Best     Business Plan
  • DC and MD CEU
  • Code of Ethics: Case #4-6
  • Free Hands-On MRIS Training at PGCAR
  • REALTORS® and Family - Gain $500 Cash
        and Lower Rates Through March 31

    David Maclin Memorial Scholarship Fund
    First Annual 5K Fun Walk/Run - Saturday, April 14

    Besides having fun and enjoying a beautiful day together, why are we meeting on April 14?

    Erika * Carl * Jasmin * Amanda * Shayla
    Uzoamaka * Imani * Warren * Demisse * Reginald

    and All Future Recipients of the David Maclin Memorial Scholarship!

    Every person that walks or runs with us, or contributes, helps local high school graduates
    pursue their dreams of higher education and of making a difference.

    Commit to helping more students reach their dreams by joining us now!

    Click here to register online TODAY!

    Sponsor the 5K Walk/Run by March 31 to be listed on the t-shirts and event banners >

    David Maclin Memorial Scholarship 5K Run Walk
    DATE:   Saturday, April 14
    TIME:   9 - 11:30 am 5K Fun Walk/Run
    8 - 8:45 am Registration & Packet Pickup
    LOCATION:   Marlboro Ridge Club House
    COST:   $25 - adults, $5 - children under 12
    $30 for adult registrations after March 31

    Please post this flyer in your office lobby and share the event link from

    Flyer & Printable Registration >

    Better yet - print out some copies and ask to post them at the next five places you visit.

    Office Lobby * Coffee Shop * Sporting Goods Merchandiser * Book Store * Community Mail Box

    Let's post the David Maclin 5K Scholarship Fun Walk/Run all over Prince George's County and change the lives of deserving local high school graduates!

    Printable Sponsorship Contribution Form >     Runner Sponsor Form >


    Luxury Home Marketing Designation - This Week

    Time is Running Out! Reserve Your Space Today to
    Earn the Coveted CLHMS Designation!
    In addition, you will discover how to:
    • Reach more affluent prospects
    • Increase your average price
    • List and sell more luxury homes
    • Deliver outstanding service to affluent buyers and sellers
    • Set yourself apart as a luxury home expert
    • Grow your business and increase your income

    This Thursday, March 22 and Friday, March 23
    8:30 am - 5:00 pm at PGCAR
    Earns 2 CRS Elective Units • Lunch Provided Both Days
    Sponsored by the Women's Council of REALTORS®


    Maryland and DC Primary Elections - Two Weeks Away

    April 3
      Maryland and DC Primary Elections
    Maryland Voters: Find your polling place here >
    DC Voters: Find your polling place here >
    DC resident and not registered? DC allows day-of registration at your polling location.

    Early Voting Opens THIS Saturday!

    Maryland Primary Election Early Voting
    This Saturday - Next Thursday, March 24 - 29

    Open 10 am - 8 pm except for Sunday, March 25. Open 12 noon - 6 pm on Sunday.
    Prince George's County early voting centers >

    DC Primary Election Early Voting
    This Saturday - Next Saturday, March 24 - 31

    Open 8:30 am - 7 pm except for Sunday, March 25. Closed Sunday.
    District of Columbia early voting centers >

    Tuesday, March 27
    Primary Election - Absentee Ballot Application Deadline

    Click here for a Maryland Absentee Ballot Application >
    Click here for a District of Columbia Absentee Ballot Application >

    View all the important MD and DC election dates on >


    2013 NAR Leadership Academy - Develop Your Knowledge and Skills

    Applications for 2013 Graduating Class Due by Saturday, March 31

    To our many members already actively involved, with a passion for the industry and a vision for the future of real estate, applications for the 2013 graduating class of the National Association of REALTORS® Leadership Academy are due by Saturday, March 31.

    The Leadership Academy is an exclusive nine-month, five-stage training and development program to nurture future NAR leaders. Training will be structured around NAR national meetings, where you'll experience stimulating discussions with NAR leaders, access to powerful resources, insights into different world views - just to name a few.

    Details and Application >


    You are Invited to the Women's Council of REALTORS®
    34th Annual Prayer Breakfast

    All Things are Possible!
    Annual Prayer Breakfast

    Good Friday, April 6
    8:00 am Registration * 8:30 am Breakfast / Program
    Toll Brothers Clubhouse
    11401 Marlboro Ridge Road, Upper Marlboro, MD

    Guest Speaker: Pastor William A. Spence, II of Harvest Life Fellowship

    Invite your family and friends to join us as we meet and fellowship with co-workers and associates to give thanks together on Good Friday.

    All REALTORS®, Affiliates and Guests are Welcome!

    $25.00 Donation
    Please register in advance at >

    $150 Donation
    Sponsorship opportunities are also available (includes 2 tickets and recognition in program).
    Become a Sponsor online at or contact Kelli Baxter at


    Don't Be an April Fool, Get Credit Smart!
    In Just Two Days of Training Become WHC Certified

    Workforce Housing Certification
    CreditSmartTM on Thursday, April 12
    3 Classes in 1 Day (6 CEU) on Thursday, April 19
    9 am - 4 pm each day
    PGCAR Association Office, 9200 Basil Court, Largo, MD

    Become WHC certified - Only 2 days of training required.
    Each full day of training is only $25 for members!

    Thursday, April 12 — CreditSmartTM
    This is a "Training for Trainers" program with a comprehensive curriculum that will prepare you to educate consumers about getting and maintaining good credit, credit scoring and money management towards achieving their financial goals. Any prior CreditSmartTM certification is counted toward WHC.   Register >

    Thursday, April 19 — Bridging the Gap from Availability to Affordability, State and Local Programs, and Federal Programs and National Initiatives
    A full day of training, with three classes in one day, that will teach you about a variety of grants and programs - including ones that can help first-time homebuyers, government resources, and specialty programs (HUD, FHA, VA). Register >

    Cinco de Mayo RPAC Fundraiser

    What could be more fun than enjoying:

    Networking with fellow REALTORS® and local and state legislators
    Texas Hold 'em * Cocktails and Hors d'oeuvres * Silent Auction * Door Prizes
    Best/most unique Mexican outfit contest ...

    ...all while receiving a credit toward your RPAC contribution and
    supporting a committee that supports REALTORS®?


    So get your ticket today!

    Tuesday, May 1, from 6 pm to 10 pm
    La Fontaine Bleu, 7963 Annapolis Road, Lanham, MD 20706

    Have your company recognized by becoming a sponsor today!

    Printable Registration Form >     Printable Sponsorship Form >

    Find out more about RPAC and the important work they are doing.


    MAR Presents: Bio Sciences in MD and the Impact on Commercial Real Estate
    Earn 3.0 CE Hours (1.5 Professional Enhancement, 1.5 Legal/Legislative)

    Thursday, May 3
    8 am - 12:15 pm
    Four Points by Sheraton BWI
    7032 Elm Road, Baltimore, MD

    Open to All Real Estate Practitioners

    Learn about emerging trends in employment in Bio Sciences and the 2012 Legislative Session, and their impact on Commercial Real Estate.

    Details and Registration >


    WANTED: 2012 - 2013 MAR Committee Volunteers

    Committee descriptions and a volunteer form are now online at All MAR members are encouraged to apply for 2 but no more than 3 preferred committee choices. Some committees have specific requirements; however, every attempt will be made to accommodate your request for at least one committee assignment. Committee selections are prioritized by qualifications and date received.

    Reminder: Current MAR committee members must re-apply for 2012 - 2013 MAR Committee Memberships.

    Applications Due By Wednesday, May 9 >


    2012 NAR Midyear Legislative Meetings & Trade Expo

    The REALTORS® Midyear Meetings & Trade Expo is where NAR members come together to take an active role in advancing the real estate industry, public policy, and the association. There will be a variety of meetings and events including: special issues forums, committee meetings, legislative activities, the industry trade show, and a Rally on Capitol Hill.

    Meetings:   May 14 - 19
    Capitol Hill Visits:   May 16 - 17
    Trade Expo:   May 16 - 17

    For more information, to plan your Midyear Schedule, and to register click here.


    Rally to Protect the American Dream

    Mark Your Calendars - May 17, 9:30 am - 11 am

    “Never before has housing and real estate been forced to defend the benefits they provide our country.

    We must have a sustainable, durable housing economy for generations to come.

    We are going to defend the American Dream from the doubters who say home ownership and real estate have run their course.

    We are going to show Congress that no one cares more about revitalizing real estate for future generations than REALTORS® do.”

    Quotes from Moe Veissi about the Rally to Protect the American Dream

    On May 17th at 9:30 am, join us in Washington during the NAR Legislative Midyear Meetings
    to Rally and Protect the American Dream of Homeownership!

    Details and RSVP at


    Five Winners will Receive $10,000 Grants and National Publicity

    REALTOR® Magazine is seeking nominees for the 2012 Good Neighbor Awards. The program recognizes REALTORS® whose extraordinary commitment to community service has helped make their communities better places to live. Five winners will be announced in the November/December issue of REALTOR® Magazine, will be recognized at the 2012 REALTORS® Conference in Orlando, and will receive a $10,000 grant for their charity - along with additional publicity, prizes and benefits.

    If a REALTOR® you know is putting forth the effort to make a difference in the community, help their cause by nominating them today!

    Deadline for entry is Friday, May 18. Click here for more details. Click here for rules and an entry form.


    Homebuyers Can Now Qualify at Higher Income Levels

    See the newly effective maximum Area Median Income levels at for the My HOME program and Buy Suitland Initiative. Homebuyers earning up to 80% AMI can be eligible for the My HOME program, which will grant up to 5% towards the purchase of any buyer-occupied residential property in Prince George's County. Homebuyers earning up to 120% AMI can be eligible for the Buy Suitland Initiative, which will grant up to 7% towards purchases within Suitland of foreclosures, short sales or a residence where the seller is 60 days delinquent on mortgage payments.

    Also see a copy of the Income Calculation chart, needed for submission to My HOME >

    1. Buy Suitland Initiative - Civic Employees and Incomes up to 120% AMI are eligible. Details >

    2. Federal Home Loan Bank of Atlanta (FHLB Atlanta) - 2 new programs - The first offers up to $15,000 towards a foreclosure purchase. The second offers up to $7,500 to homebuyers earning up to 80% AMI and buying within NSP targeted areas in MD or DC. These two programs do NOT require you to be a first-time homebuyer.
      Consumer information page >   Details & webinars for REALTORS® >

    3. My HOME - provides up to 5% of the home sale price in Down Payment and Closing Cost Assistance to County Homebuyers who have not owned a home within the last 3 years. See details at or the County website. Even more details in Members Only >

    4. Centex Offers Additional Savings to My HOME Program - The My HOME program has established a relationship with Centex Homes. Your homebuyer can buy a Centex Home in the Victory Promenade development (behind FED EX Field) with My HOME funds and get seller assistance too. They have units that are standing and ready within 30 days. For more information or to schedule a time to view these homes, please call (301) 350-5875 or email Jennifer Eaddy.

    5. American Dream Downpayment Assistance (ADDI) - up to $10,000 to County Homebuyers who have not owned a home within the last 3 years. Details >

    6. The Maryland Mortgage Program (MMP) offered through the state's Community Development Administration (CDA) has announced 2 loan products for distressed properties. All MMP products have low, fixed interest rates and some offer matching funds. These 2 new products will assist in revitalizing communities burdened with foreclosed and rundown properties.
      The Acquisition / Rehabilitation Mortgage Program helps purchase a single-family home as a primary residence and obtain funds for needed repairs and renovations.
      The Homeward Bound Program offers eligible buyers of foreclosed or short sale property at a lower rate mortgage.
      Program Details >
      April 17 3 CEU Training Details and Registration >

    7. Freddie Mac HomeSteps SmartBuySM program offers a limited FREE two-year HomeProtect® Home Warranty and up to 30% savings on new appliances.

      Home Listings and incentive details are at >
      Sign up for buyer leads >

    Most of these programs can be used in combination. Information on these and other homebuyer savings are available at Sales agents - please study up and stay familiar with current homebuyer incentives and send links to your contacts from these public information pages. For more My HOME program details, members can login to Members Only.


    The Outcome is Far From Certain

    If you have not already done so, please take 5 minutes to contact your State Delegate, Senator and Governor today, and post this link on your Facebook page. Let's keep getting this message out to our family, friends and neighbors, as we continue the fight to save the MID! Our efforts are making a difference, but the outcome is still uncertain. We are clearly not out of the woods yet.

    Do Your Part to Protect this Important Tax Benefit!

    Rally Photo Gallery     Video - Save MD's Mortgage Interest Deduction


    Articles on the Status of the Fight to Protect the MID
    PGCAR President Alease Bowles Speaks Out:
    Preserve middle-class tax benefit: mortgage interest deduction

    Gazette Article Details MID Incentive, Quotes PGCAR Members:
    Agents: O'Malley tax plan will sap housing recovery

    Post-Rally, State Senators Say Reducing MID is
    "Off the Table" in Senate Budget Negotiations:
    Senators Likely To Keep Mortgage Interest Rate Deductions



    FHA has published ML 2012-04 detailing annual and up-front mortgage insurance premium changes. Changes are applicable to all single family forward mortgage programs (except those noted in the memo), and are effective on or after 4/9/12 (some loans on or after 6/11/2012).

    Read more >


    PGCAR REALTORS® - Get Connected Today!
    Sign Up for the Real Estate Agent Directory at www.facebook/pgcar

    Facebook Logo PGCAR's Facebook page has a new feature highlighting our REALTOR® members! The Find a REALTOR® Directory is used by a number of homebuyers. Now there's an additional, new Find a REALTOR® added to

    Facebook users can search for REALTORS® via this link, based on location and area of expertise. Before connecting to a REALTORS®' page, consumers can view your profile snapshot. So increase your visibility. Add yourself to the Facebook REALTORS® Directory! This is another FREE service!

    Sign up today at!

    1. Click on the "Find a REALTOR®" link in the left-hand column.
    2. Then click on the "Agents Only" link above the directory.
    3. Next, click on the "Go to App" button under "Ready to get started?"


    Explaining the 3.8% Health Care Tax

    A 3.8 percent levy on certain investment income will be taking effect in 2013. Although many were concerned about this tax - because of misinformation passed over the internet and through email - in reality, very few home owners will be affected. Individuals who make more than $200,000 a year (married $250,000) whose home sale proceeds exceed $250,000 (married $500,000) may be affected; however, there are still other income and tax particulars that are considered before the 3.8% levy is applied.

    NAR advises members become familiar with the tax, but they caution against REALTORS® counseling their clients because the amount will vary from individual to individual.

    NAR Brochure on How the Tax Works >

    Read the entire article at >


    Market Sen$e: Mortgage Rates on the Rise

    Results released on March 15 are showing mortgage rates are moving higher along with the positive jobs data and increasing bond yields; however the 30-year fixed rate is still below 4.00 percent - helping to keep homebuyer affordability high. Frank Nothaft, vice president and chief economist of Freddie Mac, states, "An upbeat employment report for February caused U.S. Treasury bond yields to increase over the week and mortgage rates followed. The economy gained 227,000 jobs, above the market consensus forecast, and revisions added another 61,000 to January and December. Job growth over the last six months was the strongest since 2006."

    Freddie Mac reports the following averages for the week ending March 15, 2012:

    • The 30-year fixed-rate mortgage averaged 3.92 percent, up from 3.88 percent.
    • The 15-year fixed-rate mortgage averaged 3.16 percent, up from 3.13 percent.
    • The 5-year Treasury-indexed hybrid ARM averaged 2.83 percent, up from 2.81 percent.
    • The 1-year Treasury-indexed ARM averaged 2.79 percent, up from 2.73 percent.
    Freddie Mac's Weekly Primary Mortgage Market Survey >

    February Single Family Home Sales Improve in Prince George's County

    January to February Comparisons

    The numbers for the single family market increased from January to February (listings +8.2%, contracts +18.1% and settlements +4.8%), while the co-op/condo market decreased slightly or stayed virtually the same (listings -3.2%, contracts -0.1%, and settlements -6.2%).

    Year-to-Date Comparisons

    Single family and condo/co-op listings 2012 year-to-date are only about half of what they were at the end of February 2011 (both down by approximately 43%) which bodes well for stabilizing or improving home prices. Contracts are on the rise for both single family homes and condos/co-ops (both up by about 20% over 2011). Single family home settlements are only slightly below what they were in 2011 at this time (-1.6%), while condo/co-op settlements rose by 12.5%. Settlements are lagging contracts by a longer time period in 2012 than in 2011, which makes this number also somewhat favorable. The numbers appear that buyers may be experiencing early "spring fever", but it is taking most homebuyers longer to finalize mortgages.

    Visit for detailed Prince George's County home sales statistics.

    Like us at for regular market news and updates!


    Foreclosure to Rental Pilot Program
    NAR Urges the FHA to Proceed Cautiously with its REO Initiative

    A government pilot program to turn bank-owned properties into rentals could be disruptive and counterproductive to some markets. According to recent NAR analyses, even though the inventory of foreclosure properties is decreasing across the country, there is a noticeable difference in numbers between states that require judicial proceedings and those that do not. Inventories in the judicial states are 2.5 times higher than non-judicial states. In addition, the disposition is considerably faster in non-judicial states, where sales rates are four times higher than judicial states.

    Instead of this program, NAR has repeatedly asked for improved lending to creditworthy home buyers and has urged lenders to make more loan modifications, mortgage refinancings, and short sales to help stabilize struggling housing markets. "While REO-to-rental programs could be successful in a few communities, we believe that doing more to ensure mortgage availability for qualified home buyers and investors could be even more beneficial in helping absorb excess foreclosure inventories across the country," said Veissi.

    NAR strongly suggests that a national advisory board be created to ensure that the program truly benefits the local community, minimizes taxpayer losses, and stabilizes home values. In addition, NAR urges substantial participation of local market experts, especially licensed real estate professionals, who have unparalleled knowledge of local market conditions.

    Read entire article here >


    Consumer Tip: Save Energy and Money in the Kitchen

    Spring Cleaning the Green Way In the last issue of REALTOR® Connection we gave you tips on how to Spring Clean in ways that are both easy on the environment and your wallet. Now let's break it down by focusing on the rooms where the most energy and money are likely being thrown away. Maintaining your kitchen (especially the appliances) is part of a smart home energy efficiency plan. With these 10 helpful tips, you can save over $100 a year in the kitchen alone, and be kinder to the planet.

    Refrigerator / Freezer

    1. By setting the thermostat colder than it needs to be, you increase your fridge's energy consumption by up to 25%. The refrigerator should be adjusted so it remains between 37-40 degrees, the freezer 0-5 degrees.
    2. Dust and dirt restricts cool air flow and force your appliance to work harder and longer than necessary. Every six months, vacuum the dust that accumulates on the coils (located at the rear / bottom of the fridge).
    3. Automatic ice makers use up a lot of energy. By switching them off and using trays, you can reduce the energy consumption by 14 to 20%. You can also reclaim the lost space in your freezer.
    4. Many homes have an extra (usually older) unit that runs year round, even if it is only used sparingly. By consolidating the contents to the main fridge, you eliminate the entire operating cost of one appliance.
    Ovens / Range
    1. Turn off the stovetop or oven a few minutes before cooking is done. The burners and stove (especially if it's electric) will remain hot for quite awhile after the power is off.
    2. Make sure to always match the burner to the pan so electricity is not used to heat the kitchen instead of the food. For a gas stove, don't let the flames lick the sides of the pot.
    3. Many cooks agree that preheating is unnecessary except when baking cakes or breads. This may add a few minutes to the overall cooking time, but it eliminates the wasted time and energy on the front end.
    1. Most dishwashers use the same amount of water and energy whether they are full or empty. Run the machine only when it is full and cut operating costs by up to 50% annually.
    2. Using energy-saving features, such as air dry, can also save you up to 50% on operating cost. If your model doesn't have any of these features, simply turn it off after the final rinse and open the door.
    3. A dishwasher requires less than one-third the water it would take to do dishes in the sink. Not doing dishes by hand and running the machine (when full) instead, you can dramatically cut down the operating time of your hot water heater - your home's largest energy hog.

    For more useful tips, go to


    Women's Council of REALTORS®
    Prince George's Chapter - Join Today

    We are a network of successful REALTORS® empowering women to exercise their potential as entrepreneurs and industry leaders. Through our influence as successful business professionals, the women and men who are members of WCR will effect positive change in the profession and in the broader community.

    Join the Prince George's Chapter by signing up today!

    Click Here for More Information >


    Sales Coach: Steps to Build Your Best Business Plan

    Home Sales Coach In any business, the work is usually not the hard part, the self-discipline is. That is why it's important to have a workable strategy in place that you will stick to until your goals are met. Here are some steps that will ensure your plan works for your career and your life. Most can be completed in 15 minutes or less, none should take more than one hour. Complete this plan over the next month (this will allow time for your anxiety to fall and your creativity to rise), and you'll have the most productive year ever.
    1. Make a list of dream priorities.
    2. Answer these questions: What do I want my real estate career to do for my life? Why is that important? Who else will benefit? How will they benefit? Why is that important?
    3. Choose one dream priority and list what you'd like to accomplish in that area by the end of each month.
    4. Answer this question: What are my three greatest strengths that will contribute to my success this year?
    5. Consider what shortcomings are costing you money and how you could increase production if you improved them.
    6. Identify indicators of your strengthened skills that you should see in twelve months (what you want to stop or start doing, do more of, buy, practice). Then decide which actions you will take to strengthen that skill.
    7. Quickly figure out the amount of income, sales volume, and number of sales that will put you on your way to the success you envision.
    8. Multiply the number of sales you want by two, then divide that result by 40 (20 sales x 2 = 40; divided by
      40 = 1.) That is how many new clients you need each week to achieve your goal.

    Remember: The person who has the best plan is not the winner.
    It is the one who puts the plan into action.

    For More Details and to Read All 16 Steps, Click Here.


    Earn All MD and DC Required CEU at PGCAR

    All classes are held at PGCAR offices, just off the Route 202 / Landover Road exit of I-495. Find our NEW association office at 9200 Basil Court, Suite 400, Largo, MD 20774. There's plenty of parking.

    This Tuesday, March 20
    MD Code of Ethics
    3.0 MD Required Ethics CEU;
    3.0 DC Elective CEU
    Larry Hudson 9:30 am - 12:30 pm
    Reverse Mortgages
    1.5 MD Elective CEU
    Eric Rittmeyer 1:30 pm - 3:00 pm

    This Wednesday, March 21
    GRI 100 Series
    Module 104: Basic Residential Financing

    6.0 MD Elective CEU
      8:30 am - 4:00 pm

    Next Monday, March 26
    MREC Agency-Residential
    3.0 MD Required or elective CEU
    Fredericka Lloyd 1:30 pm - 4:30 pm

    Next Thursday, March 29
    MREC Required Supervision
    3.0 MD Required or Elective CEU
    Don Martin 9:30 am - 12:30 pm

    Wednesday, April 4
    Creating Powerful Pricing Presentations with RPR®
    Win Singleton 2:00 pm - 4:00 pm

    Complete CEU Schedule >>


    Case #4-6:
    Disclosure of Secured Interest in Listed Property

    Buyer X was interested in purchasing a home listed with REALTOR® B but lacked the down payment. REALTOR® B offered to lend Buyer X money for the down payment in return for Buyer X's promissory note secured by a mortgage on the property. The purchase transaction was subsequently completed, though REALTOR® B did not record the promissory note or the mortgage instrument.

    Within months Buyer X returned to REALTOR® B to list the property because Buyer X was unexpectedly transferred to another state. REALTOR® B listed the property, which was subsequently sold to Purchaser P. The title search conducted by Purchaser P's lender did not disclose the existence of the mortgage held by REALTOR® B since it had not been recorded, nor did REALTOR® B disclose the existence of the mortgage to Purchaser P. The proceeds of the sale enabled Buyer X to satisfy the first mortgage on the property, and he and REALTOR® B agreed that he would continue to repay REALTOR® B's loan.

    Following the closing, REALTOR® B recorded both the promissory note and the mortgage instrument. When Purchaser P learned of this, he filed an ethics complaint alleging that REALTOR® B had violated Article 4 by selling property in which she had a secured interest without revealing that interest to the purchaser.

    Based on your understanding of the Code of Ethics Article 4, how do you think the Professional Standards Panel ruled?

    Find out here >>


    Free Hands-On MRIS Tools Training at PGCAR

    Offered Two Times in One Day for Your Convenience!

    Next Tuesday, March 27
    10:00 am - 11:30 am OR 1:00 pm - 2:30 pm

    Keystone 100: The New Keystone Homepage. In this demonstration of the new Keystone Homepage that is coming out soon, you will see how to edit your listings with just a few clicks, make price adjustments on the fly, pre-schedule changes to your listings, customize what information you want to see for every listing and so much more.

    Visit for details and registration. Advance registration with MRIS is required.


    REALTORS® Federal Credit Union
    Need a New Car? Hurry! Get the Special Auto Loan Rate Before March 31!

    Are you a member of the REALTORS® Federal Credit Union? Do you, or a member of your immediate family, need a new car?
    Then do we have a deal for you! NAR and Chrysler Group have partnered up to offer members an amazing purchase package, which includes:
    • $500 cash allowance on the purchase or lease of select 2012 Chrysler, Dodge, Jeep and Ram models, PLUS
    • FREE 2-year service agreement (including oil changes, lube and filter), PLUS
    • Financing rates as low as 3.49% through the REALTORS® Federal Credit Union.

    Hurry though! Special new auto loan rates are good through March 31, 2012!!

    For more information, visit NAR's REALTOR® Benefits Program Partner Chrysler Group LLC.

    Join the REALTOR® FCU Online >
    It only takes 15 minutes!


    Membership Renewals Past Due

    Brokers and non-paid Agents - January 31 was the deadline to pay 2011 - 2012 dues or remove any unpaid agents from your office roster. All new, licensed agents in your office were also required to join by January 31.

    Renew Online, or please call the office at 301-306-7900 to renew.

    Prince George's County Association of REALTORS®
    8300 Corporate Drive, Suite 100  :  Landover, MD 20785
    Phone 301-306-7900  :  Fax 301-306-8273  :  :  ©2012 PGCAR

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