| Visit the Newsletter Archive |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
March 20, 2009
  
On Wednesday, March 11, President Barack Obama signed H.R. 1105, the Omnibus Appropriations Bill, into law. In doing so, he ended our nearly eight-year battle to preserve the separation between banking and commerce. Specifically, this new law permanently bans large national banking conglomerates from entering the real estate business by preventing the Treasury and Federal Reserve, by rule, order, or any other way, from opening the door to such activities. Below is a link to more information and a Frequently Asked Questions page. www.realtor.org/banks_and_commerce.nsf On behalf of NAR, we thank all of you for your support and leadership on this issue during the past many years. This is a great victory for the real estate industry and consumers. Congratulations!
Click here to view photos from the event >> 
Join the midyear bus trip to visit YOUR elected officials on Capitol Hill. SCAOR heads over to our nation's capitol on May 13. The bus will depart from SCAOR at 7:30 a.m. sharp. This will allow time to visit the NAR Expo with vendors eager to help REALTORS® increase sales. After lunch, we will head to Capitol Hill and arrive before 2 p.m. to meet with your Senators and Representative. The bus will depart at approximately 4:15 p.m. from the Capitol and return to SCAOR around 6:30 p.m. For a $15 RPAC donation, you can share the ride, visit the Expo, and express your most pressing REALTOR® concerns to your legislators.
An $8,000 First-Time Home Buyer Tax Credit that does not require repayment is now available for the purchase of a principal residence during 2009 and before December 1, 2009. Taxpayers who qualify have a special option available for claiming the tax credit either on their 2008 tax returns due April 15 or on their 2009 tax returns next year. See details of the $8,000 Tax Credit at realtor.org >>
"Right tools....Right now!" NAR is offering valuable tools that will help you in your daily efforts - today! Visit realtor.org for classes, the 2008 NAR Profile of Home Buyers and Sellers, a FREE "It's a Great Time to Buy" brochure, and more tools available to help NAR members sell homes in this market.
ETHICALLY SPEAKING... Our Duties to the Public
Case #11-1: Appraiser's Competence for Assignment REALTOR® A sold a light industrial property to Buyer B, a laundry operator. Several months later, Buyer B engaged REALTOR® A's services to appraise the property and to supply an appraisal report for use in possible merger with another laundry. REALTOR® A carried out this appraisal assignment and submitted his report. Buyer (now Client) B was dissatisfied with the report feeling that the valuation, in comparison with the market price that he had paid was excessively low. Client B then engaged an appraiser specializing in industrial property, and after receiving the second appraisal report, filed a complaint with the Board of REALTORS® charging REALTOR® A with the incompetent and unprofessional service as an appraiser. At the hearing, questioning established that REALTOR® A could cite no other industrial property appraisal he had made, and that his appraisal experience had been limited exclusively to residential property. The hearing also established that when the client proposed the appraisal, REALTOR® A had readily accepted the assignment and that he had at no time disclosed the extent and limitations of his appraisal experience with his client. Based on your understanding of the Code of Ethics Article 11, how do you think the Professional Standards Panel ruled? Find out in next week's At a Glance! Full Listing of March 23, 2009 through April 23, 2009 Eye on the Hill - March 2009 NAR Federal Legislative Update focusing on proposal to limit itemized deductions for individuals earning more than $250,000 a year. NAR will stay alert and keep REALTORS® posted on further actions needed to continue fighting any reduction in the Mortgage Interest Deduction.
Have you made a 2009 RPAC Contribution? Please consider doing so. Click here for the 2009 RPAC pledge form. You may also contribute online >> GREAT JOB !!!
Congratulations to Andy Staton!
SCAOR member Andy Staton was appointed by Governor Markell to the Delaware Real Estate Commission.
Congratulations to Tim Riale!
SCAOR member Tim Riale was appointed to the DREC Education Committee.
U.S. CENSUS BUREAU EMPLOYMENT OPPORTUNITIES
at 1-866-861-2010.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||
|
© Copyright 2009 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 |
|
You attended the class last September....We told you we'd follow up with an outreach to area employers....
