11:00 am
Education Committee Meeting at SCAOR
8:00 am
Rental Affairs Meeting at Zorba's Restaurant - Rehoboth
9:00 am
Board of Directors
Government Affairs Meeting
at SCAOR
10:00 am
HOP / Home from Work Committee Meeting at SCAOR
Memorial Day - SCAOR and
DAR Offices Closed
Steve Alexander
Judy Dean
Susan Mills
Sandy Greene
Donna Neithardt
Bill Lucks
by 3-digit extension:
Reception, SentriLock, Website
Memberships, Bus Trips
MLS / IDX
Executive Vice President
Education, Ethics & Events
The Housing Opportunity Partners Committee will continue to unveil their program to address local workforce housing concerns as well as the Sussex County Neighborhood Stabilization Plan.
LOCO (local opportunities create ownership) is designed to bring awareness as well as buyers for our members. SCAOR received a grant from the National Association of REALTORS® to promote the program so that we are able to create opportunities at no additional cost!
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MLS dues will be due July 1
Budget ahead in this economy, and be prepared! |
| We've Received some amazing feedback on this and mostly it's
"We want more!"
Stay tuned and watch for Rookies' next event. Check your email and At A Glance. |
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The New Member Orientation class on May 19 is cancelled. Our next scheduled NMO is July 21. Please contact Crystal at crystal@scaor.com with any questions.
SCAOR New Member Orientation includes 3 CEU in Ethics Training. The entire day and 3 CEU in Ethics is FREE as long as new SCAOR REALTOR® members sign up for New Member Orientation within their first 6 months and take the offered Ethics and New Member Orientation on the same day.
Please join SCAOR in sending condolences to Lidia Smith of Long and Foster - Bethany, upon the passing of her brother. We also extend our sympathy to Brendan Crotty of ResortQuest, upon the death of his mother. Please join SCAOR in adding your condolences and prayers for their families and friends.
The SCAOR office will be closed Monday, May 25
in honor of Memorial Day.
The GREEN Designation Course scheduled for May 27 - 29 is SOLD OUT.
Thank you for your enthusiastic response to this great course offering.
Flood insurance just got more affordable for property owners in Bethany Beach. The Federal Emergency Management Agency (FEMA) approved a 10 percent rate reduction on the cost of flood insurance for all properties in the town.
The Community Action Partnership instituted Community Action Month to reinforce the role of Community Action Agencies in helping low-income individuals and families achieve economic stability.
To commemorate these efforts to help people and change lives, First State
Community Action Agency will host three Open House events during May.
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Wednesday, May 20, 2009 3:00 - 6:00 p.m. First State Community Action Agency 655 South Bay Road, Suite 4J Dover, DE 19901
Thursday, May 21, 2009
Wednesday, May 27, 2009 |
These events are open to all members of the community. Please pass the word on!
Help your struggling customers keep their homes.
Sponsored by NCALL Research and housing counselors, these seminars provide help and hope. Contact NCALL at 302-678-9400 to sign up for any of the following seminars held at NCALL's office located at 110 S. Bedford Street in Georgetown.
| May 18 | 6 - 8 p.m. | |
| June 15 | 6 - 8 p.m. | |
| July 13 | 6 - 8 p.m. |
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I have received several phone calls over the past few weeks from agents who believe that REALTORS® in their area are violating Article 12 of the Code of Ethics by using deceptive metatags and phrases on their website. |
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SCIF usually refers to Sensitive Compartmented Information Facility (SCIF), a high-value property due to the fact that a SCIF is required for government contractors to accomplish most of their work. Some companies renovate a portion of their building to be a SCIF, where their Department of Defense, Homeland Security, NSA and other secure government work must be accomplished. The larger government contractors usually require their entire office building to meet SCIF requirements.
A new Delaware program, Secure Contractor Incentive Financing (SCIF) offers 0% financing to fit out secure space, to reduce costs to facility owners/developers and attract more government contractors to our wonderful state. Details >>
> > TICKET SALES ARE HOT, HOT, HOT > >
We opened up a 2nd bus but don't delay.
$150 early bird pricing ends June 30
or sell out, whichever comes first.
This includes bus trip to New York City, snacks, and orchestra seats.
Order now - Our first bus already sold out. This is a popular show.
Members: Only $25
Non-Members: $75
Use it today - on your laptop, by sections of interest or the entire COMP document, printable too!
Working behind the scenes, we have created a marketing campaign to include the Baltimore, Washington, and Philadelphia markets. The planned release time is scheduled to begin before Memorial Day and continue through the high season. Additionally, we will have a complimentary presence on the web which is coordinated with the television campaign. Plus, we will continue to sponsor key Sussex County events which draw local and high visitor participation. Finally, the updated, recreated website for the Sussex County Association of REALTORS® is work in progress.
Please assist us in the update by completing a member survey when it zooms into your mailbox!
| $8,000 First-Time Homebuyer Tax Credit 10 Money-Earning Facts |
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You Heard it Here First - HUD Secretary Donovan announced at the NAR Midyear meetings on Tuesday that the Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 first-time home buyer tax credit as a down payment. Formal approval is expected to happen quickly. |
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The 2008 repayment feature was eliminated for 2009 purchasers. Single heads of household with up to $75,000 income and married couples with up to $150,000 annual income are eligible. |
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Only first-time buyers are eligible; or, if he/she has not had any ownership interest in a home in the three years previous to the day of the 2009 purchase. |
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Every dollar of a tax credit reduces income taxes by a dollar. |
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If the purchaser's tax liability is less than the credit, the IRS would send the purchaser a check for the balance. |
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For Frequently Asked Questions, click here. |
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Download the form to claim the IRS First-Time Homebuyer Credit here. |
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For IRS filing guidance, click here. |
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The Delaware State Housing Authority (DSHA) also has programs to supplement the $8,000 Tax Credit. For details, click here. |
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Questions on restructuring or refinancing mortgages? For answers, click here. |
Case #15-2: Intentional Misrepresentation of a Competitor's Business Practice
Following a round of golf early one morning, Homeowner A approached REALTOR® X. "We've outgrown our home and I want to list it with you," said Homeowner A. "I'm sorry," said REALTOR® X, "but I represent buyers exclusively." "Then how about REALTOR® Z?" asked Homeowner A, "I've heard good things about him." "I don't know if I would do that," said REALTOR® X, "while he does represent sellers, he doesn't cooperate with buyer brokers and, as a result, sellers don't get adequate market exposure for their properties."
Later that day, Homeowner A repeated REALTOR® X's remarks to his wife who happened to be a close friend of REALTOR® Z's wife. Within hours, REALTOR® Z had been made aware of REALTOR® X's remarks to Homeowner A earlier in the day. REALTOR® Z filed a complaint against REALTOR® X charging him with making false and misleading statements. REALTOR® Z's complaint was considered by the Grievance Committee, which determined that an ethics hearing should be held.
At the hearing REALTOR® Z stated, "I have no idea what REALTOR® X was thinking about when he made his comments to Homeowner A. I always cooperate with other REALTORS®." REALTOR® X replied, "That's not so. Last year you had a listing in the Multiple Listing Service and when I called to make an appointment to show the property to the buyer, you refused to agree to pay me." REALTOR® Z responded that he had made a formal offer of subagency through the MLS with respect to that property but had chosen not to offer compensation to buyer agents through the MLS. He noted, however, that the fact that he had not made a blanket offer of compensation to buyer agents should not be construed as a refusal to cooperate and that he had, in fact, cooperated with REALTOR® X in the sale of that very property.
In response to REALTOR® Z's questions, REALTOR® X acknowledged that he had shown his buyer-client REALTOR® Z's listing and that the buyer had purchased the property. Moreover, REALTOR® X said, upon questioning by the panel members, he had no personal knowledge of any instance in which REALTOR® Z had refused to cooperate with any other broker but had simply assumed that REALTOR® Z's refusal to pay the compensation REALTOR® X had asked for was representative of a general practice on the part of REALTOR® Z.
Based on your understanding of the Code of Ethics Article 15, how do you think the Professional Standards Panel ruled?
Find out in next week's At a Glance!
Full Listing of May 18, 2009 through June 23, 2009
Delaware Planning News & Meetings >>
A huge THANK YOU to all who took time to meet with our Senators and Representative in Washington, DC this Wednesday. Many from our leadership and membership are still participating through tomorrow (yes, Saturday!). During this week, more than 8,500 REALTORS® have been attending meetings, visiting lawmakers and inspiring action on Capitol Hill.
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| J U N E | |||
| 4 | PR Committee Meeting at SCAOR | 9:30 am | |
| 9 | Awards Luncheon at SCAOR - "Save the date" | 11:30 am | |
| 16 | Foundation Meeting at SCAOR | 8:30 am | |
| 18 | MLS Orientation | 5 pm - 8 pm | |
| 23-24 | GRI 501: Professional Development - Designation Class at DAR | 8 am - 5 pm | |
| 30 | Last Day - "Jersey Boys" Early Bird Pricing | 12 midnight | |
| J U L Y | |||
| 1 | MLS Annual Renewal Deadline | ||
| 3 | July 4th Holiday - SCAOR and DAR Offices Closed | ||
| 9 | Affiliate Meeting | 9 am | |
| 14 | GRI 401: Becoming Techno Savvy - Designation Class at DAR | 8 am - 5 pm | |
| 16 | Board of Directors Meeting | ||
| Government Affairs Meeting | 3 pm | ||
| 21 | New Member Orientation at SCAOR | 9 am - 4 pm | |
| County Council Lunch Tentative Date | 3 pm | ||
| 22 | DAR Board of Directors Meeting at Dover Downs | 10:30 am - 12 noon | |
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© 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 |
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