in Observance of Presidents' Day
. . . and if you know a Prince George's County high school senior, have them use the day off school to apply for a $2,500 David and Juanita Maclin Memorial Scholarship! Applications are due February 20.
Over the last year, PGCAR purchased and undertook a complete remodel of the existing space and transitioned it into a class "A" office location in the heart of Prince George's County, at the Metro East complex at the New Carrolton Metro. Our new and larger office location allows us to add more functions for value added service to all members. Additionally, we are offering approximately 9000 square feet of rental space to qualified tenants. Should you have a contact seeking at least 2000 square feet of commercial office space, please have them contact our leasing representative, NAI Michael Company, directly at 301-459-4400.
Please keep an eye out for notice of our Grand Opening Celebration and Ribbon Cutting Celebration in the spring!!
On another note, it is with mixed feelings that we announce the departure of one of our valued employees, Education Director Scott Miller. Since joining the PGCAR team in 2005, we have all come to know and value Scott for his hard work, professionalism and commitment to our members. We wish Scott the greatest happiness and success in his future. His REALTOR® family will miss him. Scott's last day of work is Friday, February 9. We invite members to drop in and say goodbyes and to wish him a wonderful future.
CE classes will continue to be scheduled as we transition our education department.
We hope that your year is off to a great start!
Cheryl Abrams Davis, President
Prince George's County Association of REALTORS®, Inc.
Maryland REALTORS® support tax-free savings accounts for first-time homebuyers. First-time homebuyers or individuals creating an account for a first-time buyer beneficiary could deposit up to $50,000 (state tax free) in an account. If the money was not used for a first-time home purchase, the holder of the account would be subject to the state tax and penalties. Issue Sheet >
Escrow Money Held by Third Parties
Maryland REALTORS® support legislation to regulate third party companies holding real estate earnest money deposits. These deposits were once were held almost exclusively by real estate brokers. While there is no legal prohibition against such companies holding earnest money deposits, these third party companies are not subject to the same regulatory requirements as real estate brokers. Some companies may require agreement among the parties to establish an account and detail what happens with the money when a transaction falls apart, while other companies may provide little guidance to sellers and buyers. Consequently, the Maryland REALTORS® believe home sellers and buyers would benefit from state law providing basic rules on how the money is deposited, held and disbursed. Issue Sheet >
Maryland REALTORS® support statutory changes to the Maryland Real Estate Commission "Guarantee Fund." The Guarantee fund compensates consumers when a real estate agent has violated their legal obligations. Real estate licensees pay a separate guarantee fund payment when they apply for their initial licensing. The law also specifies that if the Fund falls below $250,000, then all licensees will be assessed an additional fee to recapitalize it. Although the fund is not likely to fall below $250,000 in the near term, the fund has experienced some large payouts. Given that the Real Estate Commission's current budget is healthy, the Maryland REALTORS® would like to give the Commission authority to transfer up to $500,000 from their general fund to the Guarantee Fund when it is close to falling below the statutory minimum. Such authority would help licensees avoid a special assessment if the Commission's general fund is already flush with real estate licensing fees. Issue Sheet >
The Maryland REALTORS® supports a technical change to the Maryland Real Estate Brokerage Act. Current law provides direction regarding the continuation of a brokerage after the death of the broker but has no corresponding language providing direction when a broker is disabled and unable to continue operating the company. Other states have updated their statutes to address this situation by adding "disability of a broker" to the statute. In such cases, a family member would have a period of time to attain a broker's license and continue the business or time to sell the business. Issue Sheet >
Although the 2017 Maryland General Assembly rejected legislation that would have expanded the Best Available Technology (BAT) requirement for septic systems to new construction outside of Maryland's Critical Areas, a work group has been studying potentially new septic initiatives. Maryland REALTORS® are opposed to legislation that would extend the BAT requirement outside of the Critical Areas. In addition, the Maryland REALTORS® would oppose mandatory septic pump outs or mandatory inspections of such systems. Issue Sheet >
For more information contact Dwayne Mingo, PGCAR Government Affairs Director, at 301-306-7900 or firstname.lastname@example.org, or contact MAR Government Affairs at 800-638-6425.
- Listing of Domestic Violence Resources >
- If you or someone else needs help, dial 211 to be connected to medical, counseling, legal or other services; 24-hour assistance
- Dial 911 for any emergency
If you or someone you know needs help,
please seek assistance >
- Cancellable mortgage insurance - you're not locked in!
- Accepts additional income sources
- Allows co-borrower flexibility
- Allows online homebuyer education and counseling to meet the education requirement
Did you know? You can view your CE hours which are electronically recorded for a Maryland or a DC license.