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| CONGRATULATIONS! |  |  |
To the 750 attendees and 300 award winners from the Annual Awards Luncheon held March 16. Special congratulations to the following honorees:
- Bill Benjamin Award Winner: John Lesniewski of RE/MAX 100 in Camp Springs
- DSC Hall of Fame Inductees: Maureen Jordan of Coldwell Banker Residential Brokerage in Bowie, John Lesniewski of RE/MAX 100 in Camp Springs, Stu Stern of Coldwell Banker Residential Brokerage in Gambrills, and Ruth Wright of The Wright REALTOR® in Mitchellville
- Rookie of the Year Award Winner: Angela C. Williams of Long & Foster Real Estate, Inc. in Bowie.
| REALTOR® EXPO AND TRADE SHOW |  |  |
Join us on May 4 at the Equestrian Center in Upper Marlboro for PGCAR's Annual REALTOR® Expo and Trade Show. The event draws nearly 650 real estate professionals from across the metro area seeking to obtain continuing education credit, learn about the industry's latest products & services, and to network with other agents. A reception and prize drawing cap off this exciting day.
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BE IN THE SPOTLIGHT. REACH OVER 150,000 HOMES AND BUSINESSES!
HURRY-HURRY-HURRY! The Gazette is accepting articles and advertisements for the monthly SPOTLIGHT ON HOMES supplement. If you are interested in writing an article or placing an ad in time for 150,000 people to see it during the HOT spring market, please contact Heidi LaMere at hlamere@gazette.net. Click here to view coverage areas.
| Space Deadline |
Tuesday,
Mar. 28 |
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Ad Copy Deadline |
Sunday,
Apr. 2 |
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Publication Date |
Thursday,
Apr. 13 |
Contact Heidi LaMere for Advertising & Submissions240-888-7509 direct 301-731-2134 desk hlamere@gazette.net
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NEW MEMBER ORIENTATION
Our next New Member Orientation is Wednesday, April 26, from 11:30 a.m. to 4 p.m. at La Fontaine Bleu. Affiliates: If you would like an exhibit table, please RSVP to pgcar@mris.com no later than Friday, April 21.
While supplies last, buy REALTOR® Caps & Visors for only $12.50 each, and REALTOR® Golf Balls for only $7.00! Great for yourself, or as appreciation gifts, and the bold yet stylish REALTOR® merchandise is sure to be a great conversation starter. Perfect for talking up your business.
Through March 31 in the PGCAR REALTOR® Store.
Don't delay — buy today!
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HAVE YOU BEEN A REALTOR® FOR 40 YEARS?
Submission date for 40-year REALTOR® Emeritus members is nearing. April 21 is the deadline for receipt of completed certification forms and supporting documentation for approval by the NAR Board of Directors at the 2006 Midyear Legislative Meetings & Trade Expo in Washington, DC, May 15-19. Click here for application and details.
NAR MIDYEAR MEETINGS: REGISTRATION OPEN
Register and make hotel reservations for the REALTORS® Midyear Legislative Meetings & Trade Expo, May 15-20, in Washington, DC, online now. Hurry--reservations for hotels near the conference sell out quickly. To view preliminary schedule, click here. Remember: Registration is FREE for all REALTORS®.
LAISSEZ LES BON TEMPS ROULER!
From November 10 through 13, thousands of REALTORS® will celebrate NARdi Gras at the biggest and most memorable REALTORS® Conference & Expo ever! NARdi Gras will be a celebration of REALTORS® coming together to REnew, REconnect, and REenergize their careers and the city of New Orleans.
GOOD NEIGHBOR AWARD DONATIONS INCREASED TO $10,000
 Make sure your members know that the Good Neighbor Award nomination cycle has begun. Please feel free to nominate members who should be recognized for their volunteer work, or pass this information along to them. This year, the five winners will receive grants of $10,000 for their community cause, as well as travel expenses to attend the REALTORS® Conference & Expo in New Orleans, where the awards will be presented. Entries must be received by May 26. For more information and an entry form, click here.
| UPCOMING CONTINUING EDUCATION CLASSES |  |  |
Registration fee for REALTORS® is only $25 for 3 hours of credit and $15 for 1.5 hours of credit. Above classes are limited to the first 45 registrants. For reservations made less than 3 days prior to a class, please add $15 to the Tuition Fee. ABSOLUTELY NO WALK-INS. For more information call Scott Miller, Education Director, at the association office 301-306-7961 or visit our website at www.pgcar.com for the latest schedule.
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Code of Ethics Case Study
Case 4-6: Disclosure of Secured Interest in Listed Property
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Buyer X was interested in purchasing a home listed with REALTOR® B but lacked the down payment. REALTOR® B offered to lend Buyer X money for the down payment in return for Buyer X's promissory note secured by a mortgage on the property. The purchase transaction was subsequently completed, though REALTOR® B did not record the promissory note or the mortgage instrument.
Within months Buyer X returned to REALTOR® B to list the property because Buyer X was unexpectedly transferred to another state. REALTOR® B listed the property, which was subsequently sold to Purchaser P. The title search conducted by Purchaser P's lender did not disclose the existence of the mortgage held by REALTOR® B since it had not been recorded, nor did REALTOR® B disclose the existence of the mortgage to Purchaser P. The proceeds of the sale enabled Buyer X to satisfy the first mortgage on the property, and he and REALTOR® B agreed that he would continue to repay REALTOR® B's loan.
Following the closing, REALTOR® B recorded both the promissory note and the mortgage instrument. When Purchaser P learned of this, he filed an ethics complaint alleging that REALTOR® B had violated Article 4 by selling property in which she had a secured interest without revealing that interest to the purchaser.
What do you think the hearing panel concluded? Click here for the answer!
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