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August 1, 2008
 The Board of Directors of the Sussex County Association of REALTORS® has approved a proposed slate of officers for the year 2009.
Click here to see the proposed candidates >> The Short Sale and Foreclosure class is sold out. If you missed your chance to sign up and would like to attend this class if offered later in the fall, please email tracylee@scaor.com.
Don't miss your chance to shop in NYC and attend the Broadway play Gypsy. Get an early start to your Christmas shopping and avoid the drive. Day-trip tickets are only $135 each and include orchestra seats, transportation, morning pastries, snacks and beverages. And a bit of time for independent sight-seeing and lunch before our 2 p.m show time. Broadway is within easy walking of Times Square, Macy's, Rockefeller Center, fancy eateries or local delis/pizza shops... Your choice of what you want to see!
Click Here for complete details and printable registration flyer
At home or at work, downloading the book all at once or by sections, Click here to purchase your copy and access the PDF link now!
ALL REALTORS® & Affiliates Are Invited. Come out and join this Social event and mingle with other Affiliates & REALTORS®. This is a perfect opportunity to NETWORK with existing and NEW business relationships. This is an Affiliate Sponsored Event. Click here for a Printable Flyer >>
ETHICALLY SPEAKING...Our Duties to Other REALTORS®
We continue our exploration of Duties to Other REALTORS® with a case interpretation related to Article 16. Did you know that the Code of Ethics is organized into Articles which cover our ethical duties to Clients and Customers, to the Public, and to REALTORS®? Well now you do! Case #16-14: Dealings Initiated by Another Broker's Client Realtor X, a residential broker, had recently listed a home. REALTOR® X's marketing campaign included "open houses" on several consecutive weekends. One Sunday afternoon Buyer B came to the open house. REALTOR® X introduced herself to Buyer B and asked whether Buyer B was working with another broker. Buyer B responded that he was, in fact, exclusively represented but went on to add that he was quite familiar with the property as it had been previously owned by a close personal friend. REALTOR® X told Buyer B that she would be happy to show Buyer B through the home and answer any questions he might have, but added that she represented the seller and not Buyer B. After viewing the home, Buyer B indicated that he was seriously interested in the property and intended to discuss a possible purchase offer with his buyer representative. REALTOR® X responded that there were several other buyers interested in the property and that it would likely sell quickly. "I can't tell you what to do, but if it were me, I would make an offer today," REALTOR® X told Buyer B, "You can go back and discuss this with your broker if you like or I can help you write a purchase contract. It's your choice." With REALTOR® X's words in mind, Buyer B decided to make an offer. REALTOR® X assisted Buyer B in filling out a standard form purchase contract which was accepted by the seller later that day. REALTOR® X was subsequently charged with violating Article 16 for dealing and negotiating with a party who had an exclusive relationship with another REALTOR®. At the hearing, REALTOR® X defended her actions noting that she had told Buyer B that she was the seller's exclusive agent and, as such, would not and could not represent Buyer B's interests. She pointed out that Buyer B had asked for her help in writing a purchase offer and had not sought the counsel and assistance of his exclusive representative. She concluded her defense noting that Standard of Practice 16-13 authorizes dealings with the client of another broker when those dealings are initiated by the client.
Based on your understanding of Article 16, what do you think the Hearing Panel ruled?
National Legislation: President Bush signed the Housing and Economic Recovery Act of 2008, which provides homebuyer tax credits, helps homeowners facing foreclosure find ways to refinance and will help strengthen mortgage markets. Read key points of the legislation at www.realtor.org. State Legislation: DAR President Don Ash attended Governor Minner's signing of SB 191. SB 191 ensures homeowners cannot be denied a homeowner's insurance policy for filing a claim or asking questions about their policy. More details >> For all who contribute to RPAC, keep informed and stay involved as Legislative Watchdogs for homeownership, thank you! Victories could not be won without a large number of united supporters. An easy way to contribute? Come on out, and bring your friends to the Great RPAC Duck Race September 5!
ETHICS - MANDATORY BY DECEMBER 31, 2008
FOR ALL LICENSEES REALTORS® Required to Complete Ethics Training for Second Cycle - Deadline December 31, 2008 Between January 1, 2005 and December 31, 2008, every REALTOR®
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© 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 |
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