REMINDER: ALL FLYERS ARE INCLUDED IN THE WEEKLY BROKER FAX

Broker Forum & General Membership Meeting
Tuesday, June 19, from 10 a.m. to Noon at the Clarion Hotel (10100 Coastal Highway, Ocean City, MD 21801). The purpose of the meeting is to update the membership on various issues and answer questions recently asked by some members. We realize that many of you have sales meetings on Tuesdays. Please make this meeting your sales meeting and encourage your agents to attend. Special seating will be provided for Principal Brokers or Designated REALTOR® Managers for each firm (one per firm). Please RSVP in one of the following three ways:

• Click here to register online
• Call the association office at 410.641.4409
• Simply reply to this message

Tuesday Office Hours
The office will not be open on Tuesday morning on account of the membership meeting. If you need to visit the office Tuesday afternoon, please call first (410.641.4409) since it is uncertain as to when the office will reopen.

1031 Exchange Class
There will be a 1031 Exchange class held at the association office on Wednesday, June 27, from 10 to 11:30 a.m. The class has been approved for 1.5 hours of required Legislative Update/Legal CE credits. Click here for further details and registration.

MAR Annual Conference & Tradeshow
September 10-12 in Ocean City. Register now for education classes & Fun Day Events. This year, online conference registration allows you to: Make any class changes online, purchase additional tickets, and receive an improved Registration Confirmation. COST: 3-day Registration—$225 now through August  15; $50 discount for Rookie REALTORS®. Once you have successfully entered your NRDS#, please review your contact information, and scroll down to “REGISTRATION TYPE” to choose the registration type that applies to you. Then continue registering. Register now!

CAR Quarterly Newsletter Deadline
DEADLINE FOR AD RESERVATION & ARTICLE SUBMISSION: FRIDAY, JULY 6
It’s time to reserve your spot in the CAR printed quarterly newsletter, CURRENTS. The Summer 2007 issue will arrive in member mailboxes in late July. [NOTE: This is to be a much-read issue!]

• Advertise to more than 1,300 REALTORS® in the tri-county area. Rates are detailed in the advertising packet.
• Want to annouce a promotion, new agents, retirements, special achievements, births, or more? Make a submission to the Member Spotlight section.Send all questions, feedback, article ideas or annoucements to
  editor@coastalrealtors.org.
  

MAR Leadership Academy
MAR is now accepting applications for the 2007-2008 Leadership Academy, beginning October 4, 2007, and ending on April 14, 2008. All applications are due by August 1. Please be sure to indicate on the application your preferred interview date. Once received, MAR will confirm your interview date and time. For an application, please contact Lisa Kinsman, at 800-638-6425 or e-mail your request to lisa.kinsman@mdrealtor.org.

Women’s Council of REALTORS® Golf Tournament
The 15th Annual Vicki Rinaldi & Betty Chafin Memorial Scholarship Fund Golf Tournament will be held Wednesday, June 20, at the Ocean City Golf & Yacht Club Seaside Course. Noon to 12:30 p.m.: Check-In; 12:45 p.m.: Scholarship Presentation; 1 p.m.: Shotgun Start. Donation: $100 per person (includes green fees, tee favors, beer cart, delicious buffet dinner, awards ceremony). Prizes: 1st, 2nd, 3rd, Last Place, two Longest Drives, two Closest to the Pin, Door Prizes. For team registration or hole sponsorship, contact Katy Durham at 410-723-8775.

Mortgage Rates Spike as Treasury Yields Rise
On Friday, Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.74% for the week ending June 14, 2007, up from last week when it averaged 6.53%. Last year at this time, the 30-year FRM averaged 6.63%. The 30-year FRM has not been higher since the week ending July 20, 2006, when it averaged 6.80%. Full story >>

Ground Rent Disclosure Law Takes Effect July 1
A new ground rent disclosure will take effect for all contracts of sale in Maryland where the underlying property is subject to a ground lease. This disclosure must be made on all contracts entered into on or after July 1, 2007. This disclosure will be available through the Maryland Association of REALTORS® Web site (www.MDRealtor.org) under the forms section as an addendum. In the addendum, sellers of residential property of up to four units that is subject to a ground rent must disclose the amount of the annual rent, whether it is paid yearly or half-yearly, the date or dates on which it is due, the date when the next payment is to be paid and the amount to be paid, the name, address and phone number of the ground rent owner, and a specified statement as to the potential right to redeem, and the consequences for non-payment. For further information, please contact Chuck Kasky at 800.638.6425 or chuck.kasky@mdrealtor.org.

Markets May Have Hit Bottom
Three bits of news came across my desk this week that may be pointing out that we may have it the bottom on the slumbering real estate market. Full story >>