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Prince George's County Association of REALTORS real estate news, events, education and legislation
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November 30, 2017


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


10th Annual PGCAR Holiday Charity Event
10th Annual PGCAR Holiday Charity Event
Thursday, December 7

Registration deadline is midnight Friday, December 1

Purchase tickets or make a donation today >
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.

Thank you for your generosity!

THANK YOU, ANNUAL AFFILIATE SPONSORS!



THANK YOU TO OUR EVENT SPONSORS!

Diamond Sponsors

1st Financial Inc   Ultimate Title

Emerald Sponsors

Fidelity Direct Mortgage   Redfin   TurnKey Title LLC   US Mortgage

Ruby Sponsors

Concierge Mortgage   Movement Mortgage   Navy Federal Credit Union
QWilliams Real Estate   Sold 100 Real Estate   Suttech Solutions   Weichert Bowie

Open Bar Sponsor - La Fontaine Bleue
Cash Sponsor - Tidewater Mortgage
Balloons Sponsor - Sylvia Lett
Skip the late fee. Renew by November 30
A $75 late fee will be charged after midnight TONIGHT, November 30.
Save the late fee! Please renew now at www.pgcar.com/dues >
.
Dues were due October 31, 2017.

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 emailed, itemized receipt.

Thank you for being a part of PGCAR!

PGCAR is Moving to a Permanent Home!


PGCAR is Moving to a Permanent Home! PGCAR will be relocating its operations on Friday, December 15.

In order to accommodate our move, our OFFICES WILL BE CLOSED from Friday, December 15th through the Christmas holiday.


We will be moving to our permanent home at 8300 Corporate Drive, Suite 100, Landover, MD 20785.

Our phone number, fax number and email communications will remain the same.

Please be sure to visit us prior to the move to take care of your membership and dues billing needs, lock boxes, REALTOR® supplies and to address any questions you may have relating to PGCAR services.

We will reopen for business with a new look and modern office design on Tuesday, December 26 at the new location!

We appreciate your cooperation and support as we transition to our new home!
County Executive Addresses REALTORS®
at PGCAR Annual Legislative Breakfast





Over 100 REALTORS® attended the PGCAR Legislative Breakfast on November 8th held at Martin's Crosswinds in Greenbelt. The event, organized by the Association's Legislative Committee under the supervision of Chair, Carlos Lancaster, was another huge success.

REALTORS® in attendance were excited to hear from Senate President Mike Miller, Jr., House Delegation Vice Chair Geraldine Valentino-Smith, and County Council Member Todd Turner. The keynote address was delivered by County Executive Rushern Baker.

All in attendance were excited to learn about the incredible opportunities and growth Prince George's County is experiencing. With housing prices rising, the anticipated construction of a new Regional Medical Center, acquisition of a new federal tenant, the United States Citizenship and Immigration Services (USCIS) headquarters, and the relocation of the County Administration Building from Upper Marlboro to its new location in Largo, Prince George's County is poised to be recognized nationally as a model for economic growth and development.

Many of our Prince George's County Senators, Delegates and County Council officials attended this year's event and enjoyed the opportunity to interact and network throughout the morning.

More Legislative Breakfast photos >


The House of Representatives PASSED an incorrectly named "Tax Cuts and Jobs Act" on Thursday, November 16 by a vote of 227 to 205. Senate leadership wants to vote THIS WEEK.
  • The bill eliminates current federal deductions for property, state and local taxes already paid.
  • The bill limits the Mortgage Interest Deduction, and eliminates it for second properties.
  • The bill eliminates current deductions for moving (except for current military), student loan interest, tax preparation, medical and alimony expenses.
Help KEEP the mortgage interest deduction, and the federal deductions for state and local income taxes. Eliminating state and local income tax deductions would allow the federal government to charge you tax on the state, county and property taxes you pay. Taxing a tax does not make sense, and could SIGNIFICANTLY raise taxes on Maryland homeowners and buyers.

Collect for the Annual Food and Coat Drive
Then Bring Donations to the Charity Event!
Homeownership for Individuals with Disabilities Program
Please participate in collecting coats and food to give to the needy.
Ask your co-workers, family, neighbors, and friends to donate non-perishable food, and their old coats and jackets.

Donated food items must be non-perishable and NOT expired. Cans or boxes of veggies, beans, canned meats, cereals, baby food, pasta and other food items will bring joy to someone feeling hunger. And why not make better use of extra coats and jackets no longer used?

We recommend that you place collection boxes in your Real Estate Offices, then deliver the collected items to the PGCAR Holiday Charity Event. All coats will be donated to Mission of Love. All collected food will be donated to the Public Safety Assistance Program of Prince George's County and assembled into food baskets.

Please gather and bring your donations to the Charity Event on December 7th!

REALTOR® Safety:
Stop the Silence. End Domestic Violence.


Stop the Silence, End Domestic Violence, Dial 211 for help
In light of the recent tragedy involving a member of the REALTOR® family, we are sharing important resources in hopes it will help prevent further violence toward women.
Domestic violence is the leading cause of injury to women.
If you or someone you know needs help,
please seek assistance >
Important changes to SentriLock's minimum password requirements


Effective January 1, SentriLock Access will REQUIRE a More Robust Password. Please Update Your Password Early.

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

FORM REVISIONS AND DELETIONS - OCTOBER 2017
Did You See Them?

The Maryland REALTORS® added 3 new forms and revised 14 forms, all effective October 1, 2017.

PGCAR discontinued 2 forms and revised Form #1324, Walk-Thru Inspection (Pre / Post Settlement) in October.

Here's the important links from last month's REALTOR® Connection and our PGCAR.com home page notice. 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.

Typically, soon after initial release, form changes are also available on ZipForm® and dotloop®, FREE benefits to PGCAR REALTOR® members. Not signed up yet? Log in to PGCAR Members Only and sign up today!
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 January 12, 2018.
PGCAR Membership Applications

As your Association, we strive to be a productive resource for you. REALTORS®, if you have any brand-new or soon-to-be-licensed agents in your office, below is the new 2018 membership application. Also invite your favorite providers to join as an Affiliate member.

Affiliates, 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. Invite your co-workers and other business partners to also join.
THANK YOU to ALL members who have already renewed or joined for 2018!
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.

Maryland and DC CEU Lookup


Did you know? You can view your CE hours which are electronically recorded for a Maryland or a DC license.

Christmas Holiday

PGCAR will close Friday, December 15 for our move to Landover, and remain closed through Monday, December 25 to celebrate Christmas. We re-open at 9 am on Tuesday, December 26 at our new office at 8300 Corporate Drive. We wish you a joyful, thanks-filled holiday!

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



"The 30-year fixed mortgage rate fell two basis points to 3.9 percent in this week's survey, but we closed our survey prior to a surge in long-term interest rates following an upward revision to third quarter U.S. Real GDP gowth and comments by Federal Reserve Chair Yellen touting a broad-based economic expansion," stated by Sean Becketti, Freddie Mac Chief Economist. "The market implied probability of a Fed rate hike in December neared 100 percent, helping to drive short term interest rates higher. The 5/1 Hybrid ARM, which is more sensitive to short-term rates than the 30-year fixed mortgage, increased 10 basis points to 3.32 percent in this week's survey. The spread between the 30-year fixed mortgage and 5/1 Hybrid ARM is just 58 basis points this week, the lowest spread since November of 2012."

Freddie Mac reports the following averages for the week ending November 30:

The 30-year fixed-rate mortgage averaged 3.90%, down from 3.92% ~ Last year: 4.08%
The 15-year fixed-rate mortgage averaged 3.30%, down from 3.32% ~ Last year: 3.34%
The 5-year Treasury-indexed hybrid ARM averaged 3.32%, up from 3.22%~ Last year: 3.15%

Freddie Mac's Weekly Primary Mortgage Market Survey >


PRINCE GEORGE'S HOME SALES CONTRACTS CONTINUE THEIR RISE IN OCTOBER
All Numbers Up Over 2016


Prince George's October 2017 Home Sales Stats are in. . . and show continued SOLID gains over 2016.

Year-to-date (YTD) gains in Prince George's County:
  • Single family contracts are up 3% over October 2016 YTD
  • Single family settlements are up 5.8% over October 2016 YTD
  • Condo/coop contracts are up 2.9% over October 2016 YTD
  • Condo/coop settlements are up 7.4% over October 2016 YTD
Also, October 2017 Average Days on Market was only 41 days, with 54.5% sold within 20 days!

Visit www.pgcar.com/stats for more details.
And don't forget! Like PGCAR on Facebook to see monthly statistics first!

- - - 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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