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July 27, 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 |
The Honorable Al Levin, Delaware Economic Development Director and a Secretary in Governor Markell's Cabinet, is coming to SCAOR to speak to you, our members, on real estate issues. FREE Members Event ~ Just your RSVP required >> In December 2008, Alan Levin was nominated by then Delaware Governor-Elect Jack Markell to serve as the Director of the Delaware Economic Development Office where he now serves as a Secretary in Governor Markell's cabinet. In this role, Mr. Levin is responsible for the business and economic strategies for the State of Delaware. Take advantage of this special opportunity to hear from Director Levin >>
NOTICE TO ALL MEMBERS - PLEASE READ
This is only an approved proposed slate of Officers - not the elected leadership for the upcoming year. Individual ballots will be sent out electronically in September. According to our By-Laws, under Article XI, Section 4, Election of Officers and Directors, it states, "The Board approved slate of officers shall be noticed to each member eligible to vote no later than August 10th. Additional candidates for the offices and directorships to be filled may be placed in nomination by a petition signed by at least five percent (5%) of the SCAOR membership in good standing. The petition shall be filed with the Executive Vice President by noon on the last working day of the month of August (August 31st). The Executive Vice President shall verify that signatures are authentic and that the petitioners are members in good standing of the Sussex County Association of REALTORS® and they meet SCAOR voting eligibility requirements, and will place any additional candidates on the ballot." If anyone has any questions, please call the board office at 855-2300. |
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SCAOR Education Facility REALTORS®, interested Homeowner Association members, friends and neighbors who live in HOA covered communities - - ALL are invited to a free forum to learn about the newest legislative changes to the Condo / HOA laws. Be prepared before the new laws go into effect on October 1, 2009.
From 5 - 8 p.m. we'll enjoy a Steel the Show steel drum band, pizza, prizes, A family-friendly end of summer splash . . . and it's all to support our industry and homeownership in Delaware. RPAC Contributions to Attend:
Here's the duck pricing as a flyer to share with your office. Jump into the RPAC Duck Pond Now >>
Primary REALTOR® members! Register online at www.scaorstore.com Classes!
Hors D'oeuvres ALL REALTORS® & Affiliates Are Invited! Please come out and join this social event to mingle with Affiliates & REALTORS®. This is a perfect opportunity to NETWORK with existing and NEW business relationships. RSVP to Crystal@scaor.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. Read the Final Gavel Report for a list of taxes and fees increased this year, action on bills impacting our industry and homeownership in Delaware, a partial list of bills that could have negatively impacted our collective industries and the rights of property owners but DID NOT SEE any FINAL ACTION, and more details from this past session of the General Assembly and our state's budget. Your knowledge of and investment in all aspects of Delaware's politics keeps some of the bad stuff from happening. However, the minute we all walk away and think someone else is going to "do it", is when we lose. Final Gavel Report from the 1st Session of the 145th General Assembly >> Full Listing of Delaware Planning News & Meetings >> RECORDING FEES INCREASE - This Saturday, August 1
Effective this Saturday, August 1, 2009, the state surcharge on each document or paper recorded or filed in all County Recorder of Deeds Offices will increase from $6.00 to $30.00. The additional $24.00 surcharge fee will be utilized to promote, preserve, and protect the State's cultural assets, and the fees retained by the State shall be used to fund services through the Secretary of State, Division of Libraries, Division of the Arts, and the Division of Historical and Cultural Affairs. This amended Act will supplement the Delaware Cultural Access Fund. After a late evening and early morning in Dover on June 30, the Senate passed HB 156 & 183 at 1:05 & 1:09 am on "Must Pass List 3," based on the many fine efforts of several of our members and our representatives from SCAOR & DAR. These bills change the Delaware Uniform Common Interest Ownership Act & the Unit Property Act. They will ultimately get us back to having our sellers provide condo documents and the condo questionnaire, in conjunction with the property management companies, and to do both of these things prior to final signatures on contracts. At the same time, these bills have standardized many aspects of the prior versions, such as:
These new sections of the State code become effective on October 1st, 2009 so it is important to start boning up on the changes that are coming. YOUR OPINION PLEASE
The Rookies are conducting an informal survey of SCAOR members. As we line up events for the rest of 2009 and the coming year, what would YOU like more information on, or more support in? We want to know what's on your mind. Please contact Charlie Schwinabart of the Rookies Committee at cmschwin@kw.com.
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. 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 >>
The Delaware State Housing Authority (DSHA) announced a new program to assist home owners facing foreclosure. The Program, "Foreclosure Mitigation Initiative" has a team approach to create connections with various agencies and provide tools including emergency financing and long-term solutions. You or someone you know may have a "set back" as a result of:
Know your rights and know resources to help your customers. Major Components of the Neighborhood Stabilization Plan . . . County Rehab - 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. Homebuyer Zero-Interest Loans - 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. SCAOR Association and REALTOR® Involvement - Sussex County will also 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 >>
ETHICALLY SPEAKING... Our Duties to Clients and Customers
Please read the REALTORS® Code of Ethics Article 2. Based upon your understanding, how do you think the Hearing Panel ruled in last week's Case Study? Below is the Hearing Panel's decision. Case #2-18: Honest Treatment of All Parties The Hearing Panel concluded that REALTOR® B had not violated Article 2, but had acted properly under both the spirit and the letter of the Code of Ethics. The panel noted that the decision to refund Prospect C's deposit was made by the seller, Client A, even though the listing broker, REALTOR® B, had suggested that it was only fair due to the change in circumstances.
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