Get current on the new
lending requirements!

Who may attend:
Any REALTOR^® confused about all the lending changes in the current economy.
Any REALTOR^® wanting to know more about latest regulations to help their buyers qualify for a mortgage.

Cost:
FREE (non credit, informational session)

Panelists include:
Wells Fargo, SunTrust, Prosperity, Fairway, and Bank of America.

Lenders are donating their time
to help YOU understand the current
lending environment.

Space is filling up fast!
Click here to register >>

Sussex County Chapter of the
Women's Council of REALTORS^®

Program and Luncheon:
Planning for a Profitable Year
Tomorrow Tuesday, January 19
11:30 am - 2:00 pm

Cottage Cafè,
33034 Coastal Highway,
Bethany Beach

Speaker: Margaret Iiori, Merrill Lynch
Cost: $20 per person

You may still register today by contacting Brad Riedle at (302) 227-4800 or briedle@gmail.com.

Email TracyLee@scaor.com to request a visit, and let us know your top 3 items of interest to be discussed: SentriLock, membership, Ethics, Education, events, MLS...how can SCAOR help you and your office have a successful 2010?

When there is inclement weather, classes are canceled when Sussex County Government offices are closed. If the Sussex County Government offices are opening late, or imposes liberal leave, class begins as scheduled.

For evening classes, if the weather has improved you should call the SCAOR office at 302-855-2300 before 5 p.m.

Several changes and clarifications have been made to the REALTORS^® Code of Ethics and Standards of Practice, effective as of January 1, 2010.

Here are a few more of the 2010 Changes:

Revised Standard of Practice 12-5
REALTORS^® shall not advertise nor permit any person employed by or affiliated with them to advertise real estate services or listed property in any medium (e.g., electronically, print, radio, television, etc.) without disclosing the name of that REALTOR^®'s firm in a reasonable and readily apparent manner. (Adopted 11/86, Amended 1/10)

New Standard of Practice 15-3
The obligation to refrain from making false or misleading statements about competitors, competitors' businesses, and competitors' business practices includes the duty to publish a clarification about or to remove statements made by others on electronic media the REALTOR^® controls once the REALTOR^® knows the statement is false or misleading. (Adopted 1/10)

Full list of changes >>
The 2010 Code of Ethics >>

Melanie McLane, who instructed the very popular Green Designation at SCAOR, is offering a webinar on February 3^rd from
1:00 - 2:00 p.m., on
"Signing Up Your Buyer".

Details of the webinar are on her website, www.TheMelanieGroup.com.

First classes offered in 2010, and the ONLY evening agent mandatory classes offered. Next classes begin in mid February. Beat the weather and the rush and finish early!

Next Monday, January 25^th
Earn 9 CE in one Day!  

• Surviving and Adapting to the Changing Market
• Real Estate Concepts (Salesperson Core Course)
• Legislative Update - NEW - Understanding Sussex County Government.

Click here to see the entire week's line-up and register for these exciting offerings!

Interested in Online elective classes? — Click here and save 10% through Jan 31.

Back by popular demand
SCAOR Sponsors a Trip to the...

Philadelphia Flower Show "PASSPORT TO   THE WORLD"

Friday, March 5, 2010
$43 per person
8 a.m. Departure from SCAOR Office Approx. return to SCAOR at 6 p.m.

Trip Includes: Bus transportation, admission to the show and snacks on the bus.

Mark your calendars for this special event. See the landscapes, gardens and culture of flowers from all around the world.

For Questions? please contact Crystal@SCAOR.com

Register Today at scaorstore.com
or with the attached flyer.

Reservation / Payment Deadline
February 11, 2010

Thursday, February 25, 2010
1:00 p.m. - 3:00 p.m.
at SCAOR

Are you rusty, know there are shortcuts and helpful tools, don't know how to properly search on InnoVia? Discover the tips and tricks with non credit MLS training by Rick Allamong. NO laptops please.

Register at www.scaorstore.com >
Only 19 seats left.

Come to SCAOR on February 24 from 2 - 4 p.m. to get a FREE RESPA update by R. Scott Rinn, NAR's Senior Policy Representative, Business Issues Government Affairs. Learn the most recent changes to RESPA. This is a non-credit, informational event.

RSVP today at scaorstore.com >

NEW RESPA RULES NOW EFFECTIVE

The following components of the new RESPA Rule are in effect as of January 1, 2010:

• Good Faith Estimate: The new three page GFE, including disclosure of yield spread premiums and the tolerance restrictions, must be used.
• HUD-1: The new three page HUD-1 Settlement Statement, redesigned to look like the GFE with additional cross references and a "cross-walk" chart comparing charges in the GFE with the final charges.
• 30-Day Cure Period: Loan originators will have 30 days from the date of settlement to reimburse the borrower for tolerance violations.
• Tolerance limitations on settlement charges: Certain services packaged by lenders will be granted a 10% change tolerance.
• Application Process: Lenders will have a one-stage application process with greater flexibility on selecting underwriting criteria.

For more on RESPA, read last week's Ronnie REALTOR^®, attend the FREE February 24 Update and visit HUD's website.

Full Listing of Delaware Planning
News & Meetings >>

January 15 Government Affairs Update from Delaware Association of REALTORS^® >>