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August 31, 2009 |
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September 3
9:30 am PR Committee Meeting 3 pm
Government Affairs Meeting September 7
Labor Day - SCAOR and DAR Association Offices Closed September 8
9 am MLS Committee Meeting September 15
New Member Orientation 8 am
Rental Affairs Committee Meeting 11 am
Education Committee Meeting 1 pm
HOP Meeting September 17
9 am Board of Directors Meeting 5 - 9 pm
MLS Orientation September 22
9 am Foundation Meeting September 22 - 23
8 am - 5 pm GRI 101: Planning & Developing a Real Estate Business Designation Class at DAR 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 |
Special Office Hours
The SCAOR office will be closed next Monday, September 7 for Labor Day. The office will close at 2 p.m. next Friday, September 11 for the Jungle Jim duck race. Have a happy and safe Labor Day weekend, and see you at the race!
Real Estate Team Trivia
Meet, Greet and have fun! Complimentary Food, Beer & Wine!
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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Condolences to Rob Harman and Family
The meeting begins at 8:30 a.m. at the SCAOR facility. Carpooling is strongly encouraged. Overflow parking is in back of the SCAOR building on the grass.
Continental breakfast will be served. Capacity is 140 attendees. Register early to ensure you are able to attend.
![]() 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!
Cost is $20 ~ Registration deadline September 3 For questions, call DREC at (302) 744-4500.
DAR has announced its slate of officers for 2010 that was approved at the July 22nd board meeting. The 2010 slate of officers are:
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 5. Please read the complaint and make a judgment on how the Professional Standards Panel should rule. Case #5-1: Contemplated Interest in Property Appraised Seller A and Buyer B were negotiating the sale of an apartment building, but couldn't agree on the price. Finally, they agreed that each would engage an appraiser and they would accept the average of the two appraisals as a fair price. Seller A engaged REALTOR® C as his appraiser, and Buyer B engaged REALTOR® D. Both REALTORS® were informed of the agreement of the principals. The two appraisal reports were submitted. The principals averaged the two valuations and made the transaction at the price determined. Six months later, it came to the attention of Seller A that REALTOR® C was managing the building that he had appraised. Upon making further inquiries he learned that REALTOR® C for several years had managed five other buildings owned by Buyer B, and that he had been Buyer B's property manager at the time he accepted the appraisal assignment from Seller A. At this point Seller A engaged REALTOR® E to make an appraisal of the building he had sold to Buyer B. REALTOR® E's valuation was approximately 30% higher than that arrived at six months earlier by REALTOR® C. These facts were set out in a complaint against REALTOR® C made by Seller A to the local Board of REALTORS®. The complaint charged that since REALTOR® C was an agent of Buyer B; since he managed all of Buyer B's properties; since he had become manager of the property he had appraised for Seller A in connection with a sale to Buyer B; and since he had not disclosed his relationship to Buyer B, he had acted unethically, and in the interest of his major client had placed an excessively low valuation on the property he had appraised for Seller A. At the hearing, Seller A also brought in a witness who stated that he had heard Buyer B say that he had made a good buy in purchasing Seller A's building because Seller A's appraiser was his (Buyer B's) property manager. Buyer B, appearing as a witness for REALTOR® C, disputed this and protested that he had paid a fair price. He substantiated REALTOR® C's statement that management of the building formerly owned by Seller A was never discussed between them until after it had been purchased by Buyer B. Based on your understanding of Code of Ethics Article 5, how do you think the Professional Standards Panel ruled? Find out in next week's At a Glance! Rick Allamong, a former MLS Committee chairman, will instruct attendees on how to utilize the MLS to its maximum potential. This FREE class will be held on Thursday, November 5 from 10 a.m. to Noon.
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