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June 19, 2009
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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 |
Major Components of the Neighborhood Stabilization Plan . . . Sussex County would use federal funding to lend money to partners, including Habitat, which would buy and rehabilitate homes and then pay back the program as the houses are sold to new buyers. Buyers must meet eligibility and income requirements, not making more than 120 percent of area median income. For a typical family of four, about $70,000 per year. Homes purchased must be for primary residences, not used as investment properties or second homes, and must be located within five targeted areas of the county where foreclosure rates have been the highest in the past 18 months: Georgetown, Greenwood, Laurel, Milford and Seaford ZIP codes. Sussex County would also use a portion of the federal funding to establish a homebuyer assistance program that would make up to $50,000 in zero-interest loans available to other low- and moderate-income buyers purchasing foreclosed homes. Sussex County also will partner with NCALL Research Inc. and First State Community Action Agency to provide federally required counseling for all homebuyers making use of the program. And the County will work with the Sussex County Association of REALTORS® to find potential homebuyers and target qualifying foreclosed homes. Click here for entire news release >> |
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NEXT FRIDAY, JUNE 26 - MAXIMIZE THE MLS!
Class is almost full - Click here to register >>
This event is a FREE member benefit from SCAOR.
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 >>
Are You Looking for a New Career?
Dates:
Location:
Price:
Don't miss this opportunity to become a licensed real estate salesperson!
To register, complete the attached flyer and return to WHAT ARE THE ROOKIES UP TO NEXT?
Keep checking AAG for the next big thing from the Rookies, and keep July 14 on your radar! ALSO, Rookies are conducting an informal survey of SCAOR members to learn what you would like more support and information on as they line up events for the rest of 2009. Please contact Charlie Schwinabart of the Rookies Committee at cmschwin@kw.com.
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.
FREE DELAWARE HOUSING WORKSHOPS 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. SCAOR DOES MORE: Helping to Meet the Needs of Our Community. The Sussex County Association of REALTORS® wants to help any Sussex County citizens in need to meet the minimum needs of a healthy meal for their families.
Simply bring a can of food or donate $1 - all of which will go to our Local Food Banks - anytime you attend any Board function; C.E. classes, Committee meetings, or stopping by the Board Office for any reason. We have 60 people attending one MLS training function next week, numerous visits a day, classes, meetings . . . one dollar or one can adds up. Please participate! For the benefit of our Food Banks, there will also 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, Casa San Francisco and Cape Henlopen Food Basket 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 for full details >> ![]() > > TICKET ARE GOING, GOING . . . Tickets are 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®
Please read the REALTOR® Code of Ethics Article 17. How do you think the Professional Standards Panel ruled in last week's Case Study? Below is the Hearing Panel's decision. Case #17-8: Attempted Use of Corporate Veil to Avoid Obligation to Arbitrate
The Board of Directors, in reaching its decision, did not agree with REALTOR® B's position. The Directors' noted that the membership requirement in a Board of REALTORS® has, as its purpose, the assurance of commitment by the principals in the firm to the Code of Ethics. This commitment addresses the conduct and activities of all persons affiliated with the REALTOR®'s firm whether a sole proprietorship, partnership, or corporation. Moreover, the Directors pointed out that Article 17 obligates REALTORS® to ". . . cause their firms to arbitrate and be bound by an award."
REALTOR® B was advised to withdraw the litigation and submit to arbitration by a date certain or his membership in the Board would be terminated. REALTOR® B accepted the decision, withdrew the suit against REALTOR® A, and submitted to arbitration.
Instead of receiving your July 3 issue early, on Thursday, July 2, At a Glance will be delivered to your inbox on Monday, July 6. We'll be revising the At a Glance schedule from each Friday to each Monday (except for holiday Mondays when we'll broadcast on Tuesdays). Thanks for your readership and participation in SCAOR!
Not receiving At a Glance and reading a forwarded copy? Full Listing of June 20, 2009 through July 22, 2009 Read today's issue of the Delaware Association of REALTORS® Government Affairs Update >> Interested in Health Care Reform news? Click here >> GREAT JOB, REALTOR® PARTY!
5% RENTAL TAX REMOVED FROM JUNE 17 GENERAL ASSEMBLY AGENDA
In this economic climate, we cannot take anything for granted. HB 188 is a prime example of why REALTORS® need to be active participants in the political process; to stay in regular touch with your elected officials on issues important to you and your clients, so Members of the General Assembly understand how issues will impact their constituents before bills are rushed to committee hearing. Contact DE Association of REALTORS® Government Affairs Director Charlotte Herbert
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