The Realtor^® Connection

Week of  September 13, 2001       ANNUAL INSTALLATION RECEPTION. . . Boyd Campbell, Century 21 Home Center, will be installed as President of our Association on Thursday evening, September 27th.  The Reception will be held in the Atrium of the Association Office located at 8400 Corporate Drive, Landover, Maryland, from 5:30 p.m. to 7:30 p.m.  Information is available at the annual installation page. REMINDER NEW MARYLAND LEGISLATION IS EFFECTIVE OCTOBER 1.. . .New Laws regarding the following was enacted by the 2001 Session of the Maryland General Assembly: 1) required information to be provided by a seller who elects to give a disclosure under the Maryland Property Condition Dislclosure and Disclaimer Act regarding smoke alarms Smoke Alarms, 2) required smoke detector disclosure in  Residential Lease Forms, Be sure to discard all old leases OR ADD an addendum with the required verbiage when writing a lease. 3) legal obligations of real estate licensees with respect to the deposit and distribution of deposit monies paid in connection with residential contracts of sale, and 4) New Maryland Homebuilder Registration Act.  Details are provided in the Members Only section of our Website. EDUCATION DAY!!!. . . PGCAR will hold its first Education Day on Thursday, October 11th, at the LaFontaine Bleu in Lanham.  In addition to conducting 12 hours of continuing education, there will be an exhibit area with 25 sponsors available to provide you with important information, services and products.  The day long program will conclude with a reception to allow you time to network and visit with fellow REALTORS.  Flyers were mailed to all members last week.  Be sure to mark your calendar for October 11th!! SENATE COMMITTEE APPROVES VA LOAN LIMIT INCREASE. . . Last week, the Senate Veterans’ Affairs Committee approved legislation increasing the VA mortgage loan limit ceiling.  The Bill, S.1088, the “Veterans’ Benefits Improvements Act of 2001,” increases the veterans guaranty amount to $63,175, permitting veterans to obtain a mortgage loan up to $252,700.  The measure also includes a provision extending eligibility of reservists to September 30, 2011.  The Bill now proceeds to the Senate floor for consideration when Congress returns from its summer recess in September.  CONTACTS: Megan Booth 202/383-1222, Gary Weaver 202/383-1038 or Jim Freeman 202/383-1226.