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Prince George's County Association of REALTORS real estate news, events, education and legislation
Members Only  |  Forms  |  Education  |  Calendar
October 27, 2017


    I n   t h i s   i s s u e . . .
 
Events & Industry Insider Info
Consumer's Corner
News & Trends


Meet County Executive Rushern Baker and Other Legislators at the 2017 PGCAR Legislative Breakfast

Learn Connect Be Heard
at the
Annual Legislative Breakfast
with Keynote Speaker
Prince George's County Executive Rushern Baker
7400 Greenway Center Drive, Greenbelt, MD 20770

Hear from Rushern Baker, our current County Executive and whom many political analysts consider the top challenger in the 2018 Maryland Governor's race.

Also meet and hear members of your Maryland General Assembly and Prince George's County Council - the legislators discussing and making decisions about Prince George's development, transportation, education, healthcare, taxes and more!


8 am Coffee and Registration
9 am Program Promptly Begins
Just $20 per person ~ includes a complete breakfast.

Registration deadline is midnight Wednesday, November 1

Click Here to Register Now >
10th Annual PGCAR Holiday Charity Event
10th Annual PGCAR Holiday Charity Event
Thursday, December 7
Help raise funds to feed Prince George's County families who are in need!
Net proceeds raised from this event will be donated to the Public Safety Assistance Program of Prince George's County. Our donations will provide much needed food items for local families. As a thank you, you will receive an evening of Networking, Fun, Food, Entertainment and Dancing at La Fontaine Bleue.

Purchase tickets or make a donation >

Save $10 Per Ticket! Register by Tuesday, October 31 >

Thank you for your generosity!


URGENT: Help KEEP the mortgage interest deduction, and the federal deductions for state and local income taxes. Proposals to erase state and local income tax deductions would allow the federal government to charge you tax on the state, county and property taxes you pay each year. The current deductions allowing the majority of Marylanders to deduct the taxes paid to the County and State from their federally taxed income makes sense. Taxing a tax does not make sense, and could SIGNIFICANTLY raise taxes on Maryland homeowners and buyers.

Real estate sales, listing and lease contract forms and addenda for Prince George's County and Maryland

FORM REVISIONS AND DELETIONS - OCTOBER 2017
SUMMARY OF CHANGES & PRACTICE TIPS

PGCAR recently revised and/or discontinued the listed forms. Please immediately begin using revised forms and disregard copies or electronic files containing the old/outdated blank forms and/or discontinued forms. The new forms are currently available in PDF format at PGCAR.com and will be available soon under the PGCAR directories at zipForms and dotloop.

  1. Discontinued Form #401 - Notice To Home Buyer:

    This was a HUD form designed to assist appraisers. The Forms Committee determined that it was of no significance to the sales transaction.

  2. Discontinued Form #503 - Notice To Tenant Lead Based Paint and Lead Based Paint Hazards:

    This form was discontinued as the suggested disclosures are now incorporated into the PGCAR Lease.

  3. Revised Form #1324 - Walk-Thru Inspection (Pre/Post Settlement):
    Latest revision 10/17.

    This Form is intended to be used in a Pre- or Post-Settlement transaction. It is NOT intended to be used in accord with the primary property inspection. The form was modified to remove reference to specific systems that would require inspection, to simply signify that a "walk-through" inspection took place and the results of the inspection. The form also serves as a trigger for meter readings.

Maryland REALTORS Explanation of October 2017 Contract and Form Changes

The Maryland REALTORS® recently announced form changes as well.
Here is a link to their 2017 Summary of Changes and Practice Tips >
Revised Maryland forms are available at the Maryland REALTORS® website >
Visit www.pgcar.com/membersonly/forms for all current Prince George's County forms >

Revised forms will also be updated on ZipForm® and dotloop®, FREE benefits to PGCAR REALTOR® members. Not signed up yet? Log in to PGCAR Members Only and sign up today!
PGCAR Installs 2018 Officers & Directors

PGCAR Installs 2018 Officers & Directors
REALTORS®, friends, family and colleagues joined last week to attend the Installation Ceremony of PGCAR 2018 President, Cheryl Abrams Davis, (associated with RE/MAX United Real Estate in Upper Marlboro, Maryland). Cheryl took the helm of the 3000-member trade group (PGCAR) on October 1st. This year, PGCAR was honored to have Delegate Marvin Holmes, Jr. (District 23B) install President Abrams Davis while Maryland REALTORS® 2018 President, Boyd Campbell, installed the Officers and Directors at a gala event on September 27th at Camelot in Upper Marlboro, Maryland.

Other installed officers and directors include:

Officers
President - Cheryl Abrams, RE/MAX United Real Estate
President-Elect - Veera Phillips, Keller Williams Preferred Properties
Secretary - Yolanda Muckle, Long & Foster Real Estate
Treasurer - Paul "Carlos" Lancaster, EXIT Right Realty
Past President Director - Patricia Dowtin, Long & Foster Real Estate


Directors
Donald Frederick - RE/MAX United Real Estate
Melanie Gamble - RE/MAX Supreme
Sherman Hardy - EXIT Landmark Realty
Larry Hudson - RE/MAX Leading Edge Inc.
Fredericka Lloyd - Lloyd & Associates Real Estate
Shameeka Price - Capital Structures Real Estate
Willie Rhone - Weichert REALTORS®
Gene Sementilli - CENTURY 21 New Millennium


PGCAR Awards Special Members


At the recent PGCAR Installation Ceremony, members were recognized for their dedication, service and volunteerism during 2017. Congratulations to our winners!

Pat Dowtin was named REALTOR of the Year & The 2017 Distinguished Service Award went to Ron Deem
For her business accomplishments, faithfulness to the Code of Ethics, civic and community Involvement, local, state and National Association activity, 2017 PGCAR President, Pat Dowtin was named REALTOR® of the Year.

The 2017 Distinguished Service Award went to Ron Deem, PGCAR President in 1993. Ron has unselfishly given his time and talent to PGCAR for numerous years, and since 2014, has lead the Building Task Force.


Tammy Kornegay was named Distinguished Sales Associate of the Year & Gene Frazier of Prime Lending was named Affiliate of the Year
For her professional knowledge, business accomplishments, and service as Housing Affordability Committee Chair, Tammy Kornegay was named Distinguished Sales Associate of the Year.

In recognition of his unselfish participation in local Association functions, business accomplishments, civic and community involvement and overall affiliate spirit, Gene Frazier of Prime Lending was named Affiliate of the Year.


REALTORS(r) Jack Bannister, Iona Harrison and Boyd Campbell were named REALTOR Emeritus
Recognized for over 40 years of service, REALTORS® Jack Bannister, Iona Harrison and Boyd Campbell were named REALTOR® Emeritus by the National Association of REALTORS®.
Important changes to SentriLock's minimum password requirements


Effective 1/1/2018, SentriLock will Require More Robust Passwords

The number one method hackers use to gain access to someone else's online account is to attack less secure passwords. SentriLock is making our system even more secure by requiring more robust passwords.

As of January 1, SentriLock will require a minimum password standard of six (6) characters, with one (1) upper case letter, one (1) lower case letter, and one (1) numeric value.

You can update your password to the new requirements in the SentriSmartTM App (iOS or Android) or the SentriLock Lockbox web site.

Thank you for doing this promptly! Please don't wait until after the deadline, then HAVE to change your password when trying to show a listing.

Questions?
  • Help Page: Click here to learn more on how to manage your account preferences.
  • Customer Support: 513.618.5800 or 1.877.736.8745 (toll free)
Skip the late fee. Renew by November 30
Dues are due Tuesday, October 31, 2017.
A $75 late fee will be charged after midnight Thursday, November 30.
Dues are online and easy to pay at www.pgcar.com/dues.

Skip the late fee. Renew by November 30 Renewing at pgcar.com is as Easy as 1-2-3:
  1. Click here
  2. Log in
  3. Renew online and receive receipt!
Renew online to receive an itemized receipt, and
show dues payment on your PGCAR Order History.

Thank you for being a part of PGCAR!

REALTOR® Magazine's
30 Under 30

Apply Today for the 2018 Class of 30 Under 30

Have you always dreamed of one day being named a REALTOR® Magazine 30 Under 30 honoree? This could be your year. Tell us how you're killing it in sales, taking on leadership roles, or making a difference in your community by filling out an application today. The deadline for applying is Jan. 12, 2018.
7 Dangerous Practices You Think Are Safe

Did you know that real estate sales and leasing is considered a hazardous occupation by the Department of Labor?

While there are many obvious dangers in real estate, we want to share 7 seemingly innocent ways of operating, that can make you a more vulnerable target to thieves and other criminals.

In addition to reading this article, and taking advantage of some of its tips and tools, please make safety a priority. Investing a small amount of time monthly to learn and share safety tips with your office (and family too), can build your awareness and maybe save your life.


PGCAR Membership Applications
Including PGCAR's Affiliate Membership Program!

As your Association, we strive to be a productive resource for you. As such, we are pleased to continue offering an exciting opportunity to expand your brand and profile among PGCAR's 3000 REALTOR® members. Our Affiliate Membership Packages were created as a way for our valued Affiliate members to pay one discounted price, and reap the benefits of numerous advertising possibilities all year long. There are three separate packages - each designed to fit within your marketing needs and budget, giving you the option to choose the package that most appeals to you.

Advertise your brand to a broad and captive audience. Envision your logo on the PGCAR webpage! On a banner at PGCAR events! Hear your name mentioned to large REALTOR® audiences! And more!

The best way to get your name in front of REALTORS® and industry decision makers is to get involved and sponsor PGCAR activities. We hope you will consider this valuable opportunity to support your Association and build new business relationships.
THANK YOU to the 2018 Affiliate Sponsors who have already renewed or joined!
They are listed on the pgcar.com home page and at pgcar.com/Affiliates
You will also see them highlighted at the Legislative Breakfast and the Charity Event.
Other Affiliate businesses have until midnight Tuesday, October 31 to join them. There's great benefits for our REALTOR® and Affiliate members!

Prince George's County REALTOR membership application for real estate agents Prince George's County REALTOR membership application for real estate agents  REALTOR® Membership Application
Prince George's County affiliate membership application for real estate industry partners Prince George's County affiliate membership application for real estate industry partners   Affiliate Membership Application
Prince George's County affiliate membership levels and benefits for real estate industry partners   Affiliate Membership Levels and Benefits
PGCAR Member Benefits
It Pays to Be a Member!

Save on all of Your PGCAR Membership Benefits
YOUR Membership in the Prince George's County Association of REALTORS® = $1,445 in discounted services!
Get the most from your membership!


Is it Time to Renew or Add Insurance?
Visit the REALTOR® Insurance Marketplace

REALTORS Insurance Marketplace allows NAR members to shop, compare, and enroll for insurance online. Health insurance options include major medical, Medicare insurance options, short term medical, telemedicine, and supplementary insurance plans and products.

Curious how the Marketplace works?
Check out the video!

To get started, visit the REALTORS Insurance Marketplace and click on the type of insurance you're interested in, or click on a button below, then click the "Get Quote >" button; or give them a call at 877.267.3752.

Earn All Your Maryland and DC CEU at PGCAR
Only $18 for 3 CEU; $11 for 1.5 CEU Classes

Save the most by registering 3 days or more in advance.
Hurry! Some classes have been selling out.

Wednesday, November 1
MD Legislative Update - 3 MD Required Legislative Update CEU (Cat. A); 3 DC Elective CEU
MD Fair Housing - 1.5 MD Required Fair Housing CEU (Cat. C); 1.5 DC Elective CEU
Thursday, November 2
MREC Required Supervision - 3 MD Required Supervision (Cat. I) or Elective CEU
Wednesday, November 8
MREC Agency - Residential - 3 MD Required Agency (Cat. H) or Elective CEU
Wednesday, November 15
MD Code of Ethics - 3 MD Required Ethics CEU (Cat. D); 3 DC Elective CEU
Thursday, November 29
Contracts - 3 MD (Cat. F) & DC Elective CEU


Register for multiple classes at pgcar.com/classes >

- - - CONSUMER'S CORNER - - -
Great reasons to stay in touch! Share these with your customers.



"The 10-year Treasury yield surged this week, jumping 12 basis points," stated by Sean Becketti, Freddie Mac Chief Economist. "The 30-year mortgage rate followed suit, increasing 6 basis points to 3.94 percent. Today's survey rate is the highest rate in three months."

Freddie Mac reports the following averages for the week ending October 26:

The 30-year fixed-rate mortgage averaged 3.94%, up from 3.88% ~ Last year: 3.47%
The 15-year fixed-rate mortgage averaged 3.25%, up from 3.19% ~ Last year: 2.78%
The 5-year Treasury-indexed hybrid ARM averaged 3.21%, up from 3.17%~ Last year: 2.84%

Freddie Mac's Weekly Primary Mortgage Market Survey >

- - - NEWS AND TRENDS - - -
Reminders, trends and other news you should know.


National News


Regional News


2018 Election News

We will start including articles about Prince George's candidates and issues in the 2018 elections for Maryland Governor, Prince George's County Executive, and other state or local elections. Our intent is to be unbiased in this listing yet with a special focus on Prince George's, including articles that can help keep you informed on varied candidates, positions and issues.
9200 Basil Court, Suite 400  |  Largo, MD 20774  |  Phone 301.306.7900  |  Fax 301.306.8273
PGCAR.com  |  mikeg@PGCAR.com  |  ©2017 PGCAR
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