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June 12, 2009
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June 16
8:30 am Foundation Meeting at SCAOR June 18
5:00 pm - 8:00 pm MLS Orientation President
Steve Alexander President-Elect
Judy Dean 1st Vice President
Susan Mills 2nd Vice President
Sandy Greene Treasurer
Donna Neithardt Past President
Bill Lucks D I R E C T O R S
(302) 855-2300
You may reach SCAOR staff
by 3-digit extension: 200 - Gail Shields
Reception, SentriLock, Website 201 - Crystal Hudson
Memberships, Bus Trips 202 - Opal McAdams
MLS / IDX 203 - Ruth Briggs King
Executive Vice President 205 - TracyLee Elmore
Education, Ethics & Events |
- - - - - CALL TO ACTION! - - - - -
FREE Member Benefit ~ Don't Miss Out >>
A Message from Sussex County Government . . . The nightmare of foreclosure has hit tens of thousands of Americans, including some right here in Sussex County. A new program, though, aims to help some individuals realize their American dream. The Delaware Housing Authority has allocated to Sussex County $2 million in federal funding for its Neighborhood Stabilization Program, created under the Housing and Economic Recovery Act of 2008. The program's mission is to stabilize communities that have suffered from foreclosures and abandonment by offering low- and moderate-income buyers the chance to purchase homes left vacant.
Click here for entire news release >>
Women's Council of REALTORS®
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This event is a FREE member benefit from SCAOR. SCAOR DOES MORE!!
Helping to Meet the Needs of Our Community. Statewide there are over 10,500 families in need of food.
We are aware that a number of Brokerages are holding their own office campaigns to collect food goods and we applaud their efforts. However, we would like to have EVERY member participate in this "Neighbors Helping Neighbors" project. To assist in this effort, SCAOR Board of Directors, the Education Committee and SCAOR Community Service Foundation have developed a plan to help us meet our goal to help as many families as we can here in Sussex County.
What this means is that when you attend any Board function; C.E. classes, Committee meetings, or stopping by the Board Office for any reason we ask that you bring a can of food or donate $1 - all of which will go to our Local Food Banks. In addition, for the benefit of our Food Banks, there will be a "Fee" of $5 for any cell phone ringing during any of the functions being attended. One Can or One Dollar is a small contribution to make for those less fortunate and in dire need. All monies and or food will be distributed here in Sussex County. Some of the organizations who benefit from this effort are:
Crisis House
SCAOR is hosting a luncheon and meeting just for you... We'll cover recent changes to the MLS, SafeMLS Token Overview, SentriLock Update, New SCAOR Website, NAR's Online Certification Course for Real Estate Professional Assistants (REPA) . . . just to name a few. This is your chance to get YOUR questions answered, and get the information you need to help your office run smoothly. FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today. Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent. Click here to read the full article >> Delaware Attorney General's Mortgage Fraud Task Force, in conjunction with the Delaware State Housing Authority Office of the State Bank Commissioner, are inviting all Delaware homeowners to a free Housing Workshop taking place at the following times and locations statewide on June 26 and 27, 2009:
Talk with
Walk-ins are welcomed and encouraged. For more information, visit the Attorney General's Foreclosure website. FREE Septic Update Wednesday, July 15, 2 - 4 pm @ SCAOR
As a REALTORS® Federal Credit Union member, you have access to a diverse portfolio of products and services. Their cooperative approach to financial services allows them to provide you with great rates and low fees. As a REALTORS® Federal Credit Union member you will also have access to in-depth financial education resources and money management solutions. You can become a member of REALTORS® Federal Credit Union as early as your first day of membership or relevant affiliation with the National Association of REALTORS® or any time afterward. Once you are eligible and have submitted a membership application, your purchase of a $100 share gives you full membership access to all of the products and services REALTORS® FCU has to offer. For more information or to apply, click here.
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 >> Tuesday, June 23 - Wednesday, June 24 This module will cover topics such as the NAR Code of Ethics, Arbitration & Mediation, Diversity, Fair Housing Enforcement, and identifying potential environmental hazards. There are no substitutes for this class - sign up soon >>
> > TICKET SALES ARE HOT, HOT, HOT > > Hurry - Tickets only $150 until June 30 or sell out, whichever comes first. This includes bus trip to New York City, snacks, and orchestra seats. ETHICALLY SPEAKING... Our Duties to REALTORS®
Case #17-8: Attempted Use of Corporate Veil to Avoid Obligation to Arbitrate REALTORS® A and B, principals in different firms, were both members of the same Board. A disagreement arose between them concerning entitlement to a commission in a real estate transaction. After initial efforts to resolve the dispute proved fruitless, REALTOR® A filed a request for arbitration with the Board which was reviewed by the Grievance Committee which concluded that an arbitrable issue existed. Instead of agreeing to arbitration through the Board, REALTOR® B filed a lawsuit against REALTOR® A. Receiving notice of the suit, REALTOR® A filed a charge with the Board alleging REALTOR® B had violated Article 17 of the Code of Ethics. REALTOR® B, in his presentation to the Board of Directors indicated that, in his opinion, he was not subject to any ethics charge, since it was his corporation, and not REALTOR® B individually, that had filed suit against the corporation of REALTOR® A, not against REALTOR® A himself. REALTOR® A told the Board of Directors that immediately upon occurrence of the dispute, he had suggested to REALTOR® B that the matter be arbitrated by the Board, and REALTOR® B said he would think about it. REALTOR® A then proceeded to file his request for arbitration with the Board. However, REALTOR® B did not respond to the arbitration notice and, shortly thereafter, REALTOR® A received notice of the suit filed by REALTOR® B's corporation against the corporation of REALTOR® A. He said he then called REALTOR® B and again discussed the obligation of Article 17 with him. However, REALTOR® B advised him that his corporation was not subject to the requirements of the Code and stated his intent to pursue the litigation. REALTOR® B acknowledged that the facts as related by REALTOR® A were correct and that his corporation had filed suit upon the advice of the corporation's legal counsel. REALTOR® B said that membership in a Board of REALTORS® is individual and that personal responsibility disappears when a matter of corporate business is involved. He pointed out that he was not the only principal or officer in his corporation and that the decision to file litigation was not made by him alone, but by all of the corporate officers. Based on your understanding of the Code of Ethics Article 17, how do you think the Professional Standards Panel ruled? Find out in next week's At a Glance! Full Listing of June 15, 2009 through July 16, 2009 Tuesday, August 25 Certified Residential Specialist (CRS) training will give you in-depth knowledge about business planning, listing presentations, negotiating and closing smoother transactions, working in the buyers' and sellers' best interest and building a referral business. There is so much to gain! - sign up soon >> A Real Estate Pre-licensing course is being offered by SCAOR August 25 - November 19, 2009 (Tuesday and Thursday evenings). Cost is $700 which includes textbooks. Law only portion is $250. To register, complete the attached flyer and return to tracylee@scaor.com or fax to TracyLee at 302-855-2319.
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