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Week of March 9, 2007

REMINDER: ALL FLYERS ARE INCLUDED IN THE WEEKLY BROKER FAX

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Volunteers Needed NEXT WEEKEND for Booster T-Shirt Sales
The Community Service committee needs volunteers to work the Ocean City Booster T-shirt sales at the Recreation Center at North Park NEXT WEEKEND, March 16-18. Saturday from 10 a.m. to 2 p.m., and Sunday 8 a.m. to 2 p.m. Call Terry Testani (Shamrock Realty Group, Inc.) at 443-523-2966 to sign up.

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We Want to Know About Your Volunteer Efforts!
Every year, CAR members volunteer thousands of hours of their time to charitable causes. This year CAR will again be recognizing everyone who has contributed to his or her community in the summer issue of Currents. Now is your time to shine—tell us what you did for your favorite community, school, charity or non-profit organization by completing a survey.

Everyone who completes the survey will be recognized and entered into a drawing to win a $50 GAS CARD! And, any information will be used to help CAR win another MAR C.A.R.E. Award!
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NAR Midyear Meetings Registration Now Open
Once again this year, NAR’s Midyear Legislative Meetings and Trade Expo will be held in Washington, DC. The meetings are scheduled for May 14-19 and registration for the event is now open online. Click for more information or to register today.

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Mark Your Calendars
Please make note of the following Women’s Council of REALTORS® events.

  • March 14: General membership meeting: WCR & You—New member orientation
  • March 23: Board meeting
  • March 28: Bishopville House Tour

For more information, please visit the WCR Web site.
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Earn 4.5 CE Credits in One Day!
A 3-hour Comprehensive Law Issues class and a 1.5 hour Fair Housing class have been scheduled for Wednesday, April 4, at the association office. Please refer to our Web site for additional details and registration.
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Free Tax Seminar!
The association will be presenting a 1.5 hour seminar, “Tax Strategies for the Real Estate Professional,” on Thursday, April 19, from 10 to 11:30 a.m. The seminar is FREE for members, but registration is required as seating is limited. Please refer to our Web site for additional information and registration.
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GRI 200 Series
The GRI 200 Series has been scheduled for May of 2007, and will be held at the association office. Please refer to the Web site for specific dates and times, as well as to register. 


Financial Position: January 1-December 31, 2006
2006 was an excellent year for the association. Total membership at December 31, 2006 stands at 1378, which is 2.6% higher than December 2005. Total revenue for the year was $603,037. Total expenses were $503,292. Thus, the association has a net gain of $99,745. This exceeded the 2006 budget by $95,613. This money is added to reserves.

The association owns (free and clear) two commercial office condominium units for its offices and training facility. In addition to this investment in real estate, the association holds certificates of deposit at various banks and financial institutions. Cash, real estate and building contents comprise approximately 97% of the association’s assets. Current liabilities remain low. Total assets, including the aforementioned are approximately $1,594,405.

The annual audit for 2006 has been completed. Audited financials will be forwarded to the Directors shortly. All indications are that the audit will show that the financial records of the association are in good order.

Prepared by: Susan R. Jeannotte, Chief Financial Officer
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©2007, Coastal Association of REALTORS® of Maryland, Inc.
314 Franklin Avenue, Suite 106
Berlin, MD 21811
Phone: 410.641.4409 | Fax: 410.641.2995
info@coastalassociationofrealtors.org | www.coastalassociationofrealtors.org
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