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November 21, 2008 BE A BELL RINGER!
RCS SHOPPING DAY
Come for as long as you can -- 1 hour to all day for some great fun! RCS WRAPPING DAY
Again, 1 hour or all day = see it all come together! SCAOR OFFICE CLOSING
SCAOR will be closed on Thursday, November 27
Have a blessed, thanks-filled holiday!
The SCAOR office will also be closed part of the day for the 2009 Installation of Officers on Tuesday, December 9. NAR QUADRENNIAL ETHICS
NAR Quadrennial Ethics are due by December 31, 2008. You must take NAR Ethics once between the dates of January 1, 2005 and December 31, 2008. SCAOR is not offering any more classes, but it is simple and easy to take them online at realtor.org. Approved CE Ethics courses* taken after April 30, 2008 will also count as a 3 hour elective towards the 2010 re-licensing requirements of 15 credit hours. If you have any questions, please email tracylee@scaor.com or call TracyLee at 855-2300, ext 205. * Ethics courses taken at SCAOR or the DAR Convention are approved CE courses that meet NAR Ethics and DE re-licensing requirements. The online NAR Ethics course meets the NAR quadrennial requirement; it does not meet re-licensing requirements. HOLIDAY MAIL FOR HEROES
Mail a holiday greeting card to a wounded soldier or veteran, using the following address: Holiday Mail for Heroes Mail no later than December 10, 2008. Thank you!
Yet they are terms that are becoming more and more a part of everyday life in Sussex County, in Delaware and across the country. It seems the hip thing to do today is to use some form of renewable energy in your business, or even in your primary residence. GOT CAUGHT IN THE REAL ESTATE COMMISSION EDUCATION AUDIT?
If you need a class (or two) to retain your license, please email tracylee@scaor.com with the class needed. SCAOR is considering offering a last chance class before December 11, if enough students come forward.
Bill Lucks, President; Steve Alexander, President-Elect; and Ruth Briggs King, EVP travelled to Orlando, Florida to participate in the NAR Convention. Their schedule was packed with meetings and updates. Sandy Greene, MLS Vice Chair, joined the delegation to explore MLS and related options to enhance SCAOR's MLS.
Did you know that you can login to www.realtor.org and view your office roster to see who has an outstanding invoice?? Click Here for Instructions >>
MISSION ACCOMPLISHED! BROKER LICENSING
Members - buy it for only $25, then download it onto your computer right away!
Association info ~ Residential, Commercial, Farm Sales ~ Industry contacts
ETHICALLY SPEAKING... Our Duties to Clients and Customers
Case #3-10: Disclose Accepted Offers with Unresolved Contingencies
REALTOR® A listed Seller S's house and placed the listing in the local association's MLS. Within a matter of days, REALTOR® X procured a full price offer from Buyer B. The offer specified that Buyer B's offer was contingent on the sale of Buyer B's current home. Seller S, anxious to sell, accepted Buyer B's offer but instructed REALTOR® A to continue marketing the property in hope that an offer that was not contingent on the sale of an existing home would be made. A week later, REALTOR® Q, another cooperating broker working with an out-of-state transferee on a company-paid visit, contacted REALTOR® A to arrange a showing of Seller S's house for Buyer T. REALTOR® A contacted Seller S to advise him of the showing and then called REALTOR® Q to confirm that he and Buyer T could visit the property that evening. REALTOR® A said nothing about the previously-accepted purchase offer. REALTOR® Q showed the property to Buyer T that evening and Buyer T signed a purchase offer for the full listed price. REALTOR® Q left the purchase offer at REALTOR® A's office. REALTOR® A informed Seller S about this second offer. At Seller S's instruction, Buyer B was informed of the second offer, and Buyer B waived the contingency in his purchase offer. REALTOR® A then informed REALTOR® Q that Seller S and Buyer B intended to close on their contract and the property was not available for purchase by Buyer T. REALTOR® Q, believing that REALTOR® A's failure to disclose the existence of the accepted offer between Seller S and Buyer B at the time REALTOR® Q contacted REALTOR® A was in violation of Article 3 of the Code of Ethics, as interpreted by Standard of Practice 3-6, filed an ethics complaint with the association of REALTORS®. At the hearing called to consider the complaint, REALTOR® A defended his actions noting that while Buyer B's offer had been accepted by Seller S, it had been contingent on the sale of Buyer B's current home. It was possible that Buyer B, if faced with a second offer, could have elected to withdraw from the contract. REALTOR® A argued that continuing to market the property and not making other brokers aware that the property was under contract promoted his client's best interests by continuing to attract potential buyers. Based on your understanding of the Code of Ethics Article 3, how do you think the Professional Standards Panel ruled? Find out in next week's At a Glance!
Full Listing of November 24, 2008 through December 30, 2008
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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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If you would like to help "ring in the holidays", call Salvation Army coordinator and fellow REALTOR® Dave Todd at 359-4364 to volunteer. There are many locations and times available for ringing. What a great way to help others in a trying economy.
