| Visit the Newsletter Archive |
![]()
|
|
|
April 4, 2008
ONLY 25 DAYS Before Licenses EXPIRE!
Last Chance to Meet Your CEU Requirements – Please Register Now! ![]() If you need them, please register now. A few classes just sold out today - more will sell out soon.
Click Here to Register for Multiple Classes >>
DO YOU WANT TO EARN YOUR BROKER'S LICENSE?
![]() If you are interested in attending a broker's pre-licensing course, please contact tracylee@scaor.com. A minimum of 25 members would need to attend this 99 hour course, so we need to know if there is any interest out there. There is no date set yet. ![]() Real Estate License Renewal? The Education Committee is offering a "last chance" class on Saturday, April 19, 2008 for Real Estate Concepts and Legislative Update. Real Estate Concepts will start at 9am and Legislative Update a 1pm. Log on to www.scaorstore.com to register.
As you may know, the other mandatory classes are "sold out"... don't miss out! ![]()
CONGRATULATIONS, WELL DONE
![]() Robin Masland of RE/MAX Realty – Lewes has earned the prestigious Accredited Buyer Representative accreditation. When you see Robin, please extend your congratulations. ![]()
BEHIND THE SCENES AT THE SCAOR OFFICE
![]() Please join us in welcoming the return of Crystal Passwaters to SCAOR. She will be assisting you in membership and other services. A new face and voice at SCAOR is Gail Shields, a temporary assignment. As we determine our needs and job requirements, we will post a job opening in At A Glance for members' consideration. We take this opportunity to wish Barbara Mitchell and Kristi Idnurm well in their future endeavors. ![]()
Register online here, and please indicate at which location you will meet the bus. ![]()
What do these SCAOR REALTORS® have in common? They are past REALTORS® of the YEAR (ROTY) from SCAOR. Perhaps you know someone who deserves recognition for their participation and commitment to REALTORS®. Consider nominating someone, or yourself, for this special recognition. Click Here for the Nomination Form >>
![]()
![]()
Click Here for the Nomination Form >>
ETHICALLY SPEAKING...
![]()
Below is a case interpretation related to Article 8. Please read the complaint and make a judgment on how the Professional Standards Panel should rule. The Hearing Panel's decision will be published in next week's newsletter. Case #8-1: Failure to Put Deposit in Separate Account REALTOR® A, a listing broker, obtained a signed offer to purchase, together with Buyer C's check for $5,000 as an earnest money deposit. Buyer C's offer was subject to the sale of his current residence. REALTOR® A presented the offer to Seller B who accepted it. REALTOR® A then inadvertently deposited the earnest money check in his personal checking account. Since Buyer C's offer was contingent on the sale of his current home, Seller B's house remained on the market. A week later, REALTOR® A received another offer to purchase Seller B's house from another broker and presented it to the seller as a back-up offer. Buyer C was informed about this new offer and reluctantly concluded that he would be unable to waive the sale contingency or proceed with the purchase of Seller B's house. He then asked REALTOR® A for his $5,000 check back. REALTOR® A explained that he had mistakenly deposited Buyer C's check in his personal bank account which had been attached since he received Buyer C's offer, and he was temporarily unable to refund the deposit to Buyer C. Buyer C filed a complaint with the Board of REALTORS®, which was received by the Grievance Committee. The Grievance Committee concluded that the complaint warranted a hearing and referred it to the Professional Standards Committee. At hearing, REALTOR® A explained that his bank account had been unexpectedly attached following the loss of a civil suit which he was appealing; that his deposit of Buyer C's check in his personal account was a simple error in handling deposit slips; that he was arranging for the prompt release of his account; and that everything would be straightened out in three or four days, which should not be of great inconvenience to Buyer C. How do you think the Professional Standards Panel ruled?
![]()
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
© Copyright 2008 Sussex County Association of REALTORS®
23407 Park Ave., Georgetown, DE 19947, USA Phone (302) 855-2300 ~ Fax (302) 855-2319 ~ info@scaor.com ~ www.scaor.com |
||