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August 17, 2009
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August 20
3 pm Government Affairs Meeting August 24 - 25
NAR Leadership Summit 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 |
CRS 111: SHORT SALES AND FORECLOSURES
6 CE Designation Class Next Tuesday!
Tuesday, August 25 9:00 a.m. - 4:30 p.m. at SCAOR $165 includes 6 CE, CRS course, books and lunch Certified Residential Specialist (CRS) training gives you in-depth knowledge, and the designation will recognize your professional accomplishments in both experience and education. Only 12 seats left - sign up today >>
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 Hosts State of County and State August 5
Sussex County Finance Director Susan Webb spoke to the Georgetown Chamber of Commerce and guests on Wednesday, August 5th. Hosted by the Chamber at the SCAOR facility, Ms. Webb was followed by Al Levin, State Economic Director. Georgetown Chamber President Lit Dryden introduced Mr. Levin. Over 90 members and guests listened to the state of the county and state of the state information provided by both speakers.
Some of the major changes include:
Above is just a summary of the highlights. The Delaware Real Estate Commission has completed their intensive review of the law for Delaware real estate, and released their proposed changes at www.dpr.delaware.gov. A time-line for public comments will be produced and then the final recommendation will be included in legislation expected to be introduced in the next session of the Delaware General Assembly. To review a current draft of the revised Real Estate license law, click here. You may send your responses to SCAOR or directly to the Real Estate Commission (gayle.melvin@state.de.us). This is not the usual mid-summer novel, but it is important!
DAR has announced its slate of officers for 2010 that was approved at the July 22nd board meeting. The 2010 slate of officers are:
Cost is $20 ~ Registration deadline September 3 For questions, call DREC at (302) 744-4500. Held at Wild Quail Golf & Country Club Have you signed up for the 2009 DAR Convention?
RACE TO THE FUTURE comes to Dover Downs October 14 & 15. ETHICALLY SPEAKING... Our Duties to Clients and Customers
Below is a case interpretation related to Article 4. Please read the complaint and make a judgment on how the Professional Standards Panel should rule. The Hearing Panel's decision will be published in next week's newsletter. Case #4-2: Indirect Interest in Buyer REALTOR® A had taken two offers to buy a commercial property listed with him to the owner, Client B. Both offers had been considerably below the listed price, and at REALTOR® A's advice, Client B had rejected both. REALTOR® C came to REALTOR® A seeking a cooperative arrangement on REALTOR® A's listing, which was agreeable to REALTOR® A. REALTOR® C brought a contract to REALTOR® A from a prospective buyer, a bank, offering more than the previous proposals, but still 10 percent less than the list price. REALTOR® A took the offer to Client B and again advised him not to accept an offer less than the full listed price. Again, the client acted on REALTOR® A's advice. The bank revised its offer, proposing to pay the listed price. This offer was accepted by Client B, the owner. About a month after the closing, the Board of REALTORS® received a letter from a director of the bank that had purchased Client B's property, charging REALTOR® A and REALTOR® C with unethical conduct and duplicity which had resulted in the bank's paying an excessive price for the property. The complaint stated that REALTOR® C was a stockholder in the corporation, one of whose officers was a director of the bank; that REALTOR® C, in a transaction that was handled through REALTOR® A, had evidently used his connection with the bank to induce the bank to buy at a price higher than the market; and that neither of the two REALTORS® had disclosed to the other officers of the bank the connection that existed between them and one officer of the bank. At the hearing, REALTOR® A defended his actions by stating that he knew nothing of any business relationship between REALTOR® C, the cooperating broker and the buyer; that he had acted wholly in accordance with the best interests of his client, the seller. REALTOR® C demonstrated that he had negotiated solely with the president of the bank; that the director of the bank who happened to be an officer of a corporation in which he, REALTOR® C, held stock was at no time contacted during the negotiations; that the matter had never been discussed with that individual. Based on your understanding of Code of Ethics Article 4, how do you think the Professional Standards Panel ruled? Find out in next week's At a Glance!
Visit eProNAR.com to enroll.
On Friday, Oct. 30, DEDO will host the 2009 BRAC and Beyond Business Conference in Wilmington. This conference is designed specifically for Delaware businesses. It will provide the resources and information you need to serve Aberdeen Proving Ground and its contractors. Governor Jack Markell will open the day-long conference. Additional speakers and presenters include top leaders from the U.S. Army Small Business Program and executives from some of the region's largest defense contractors. Click here for sponsorship details. There are opportunities to be an official sponsor of this noteworthy event for every budget, from $300 to $5,000. If you have any questions, please contact Nikki Boone of DEDO at nikki.boone@state.de.us or (302) 672-6857.
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