Next Wednesday,
January 20, 2010
from 2 p.m. to 4 p.m.
@ SCAOR

Get current on the new
lending requirements!

Who may attend:
Any REALTOR^® confused about all the lending changes in the current economy

Cost:
FREE (non credit, informational session)

Panelists include:
Wells Fargo, SunTrust
and Prosperity Mortgage.

Lenders are donating their time
to help YOU understand the current
lending environment.

Click here to register >>

To the Sussex County Chapter of the Women's Council of REALTORS^®

Program and Luncheon:
Planning for a Profitable Year
next Tuesday, January 19
11:30 am - 2:00 pm

Cottage Cafè,
33034 Coastal Highway,
Bethany Beach

Speaker: Margaret Iiori, Merrill Lynch
Cost: $20 per person

Register at scaorstore.com

On-site — Check out the 2010 On-site Education classes being held at SCAOR.

• Register online at www.scaorstore.com
• Four brand NEW courses
• Day and evening classes
• Variety of instructors, dates and times for courses
• Flood demonstration, reverse mortgages, marketing and more!

Online — Click here for Online elective classes and save 10% through January 31.

When there is inclement weather, classes are canceled when Sussex County Government offices are closed. If the Sussex County Government offices are opening late, or imposes liberal leave, class begins as scheduled.

For evening classes, if the weather has improved you should call the SCAOR office at 302-855-2300 before 5 p.m.

Did you know that the REALTORS^® Code of Ethics was first adopted in 1913? To keep it current with today's business practices, existing Standards of Practice are modified and new Standards of Practice are adopted on an annual basis as needed. Several modifications were approved at the 2009 Annual Convention and are effective as of January 1, 2010.

2010 changes to the
Code of Ethics include:

Revised Standard of Practice 3-2
(clarified language)
To be effective, any change in compensation offered for cooperative services must be communicated to the other REALTOR^® prior to the time that REALTOR^® submits an offer to purchase/lease the property. (Amended 1/10)

New Standard of Practice 3-9
REALTORS^® shall not provide access to listed property on terms other than those established by the owner or the listing broker. (Adopted 1/10)

Full list of changes >>
The 2010 Code of Ethics >>

Melanie McLane, who instructed the very popular Green Designation at SCAOR, is offering a webinar on February 3^rd from
1:00 - 2:00 p.m., on
"Signing Up Your Buyer".

Details of the webinar are on her website, www.TheMelanieGroup.com.

with Tom Kashner of Keller Williams
This Thursday, January 14
10:30 a.m. - 12 noon
at the SCAOR Facility

Sponsored by the Rookie Committee

Please RSVP to Gail Shields
Gail@scaor.com
302-855-2300 ext. 200

Thursday, February 25, 2010
1:00 p.m. - 3:00 p.m.
at SCAOR

Are you rusty, know there are shortcuts and helpful tools, don't know how to properly search on InnoVia? Discover the tips and tricks with non credit MLS training by Rick Allamong. NO laptops please.

Register at www.scaorstore.com.

Affordable limited medical insurance plans for NAR members.

According to NAR surveys more than one in four REALTORS^® lack medical insurance and many more are significantly underinsured. NAR is pleased to introduce REALTORS^® Core Health Insurance (RCHI) - an affordable and guaranteed-acceptance limited medical insurance program designed exclusively for REALTORS^® under 65.

• Provides coverage for everyday healthcare needs - helping to provide a safety net for people who do not have the luxury of being covered by a comprehensive health insurance plan
• No medical questions/exams required for acceptance
• Low cost - Plans start as low as $70.69 per month
• Freedom to choose any provider
• Next day coverage is available
• Benefits include: doctor office visits, wellness visits, emergency room benefits, surgery benefits, a prescription discount card and more!

Learn how REALTORS^® Core Health Insurance can work for YOU ...

NEW RESPA RULES NOW EFFECTIVE

The following components of the new RESPA Rule are in effect as of January 1, 2010:

• Good Faith Estimate: The new three page GFE, including disclosure of yield spread premiums and the tolerance restrictions, must be used.
• HUD-1: The new HUD-1 Settlement Statement has been expanded to three pages. It has been redesigned to look like GFE with additional cross references and a "cross-walk" chart comparing charges in the GFE with the final charges.
• 30-Day Cure Period: Loan originators will have 30 days from the date of settlement to reimburse the borrower for tolerance violations.
• Tolerance limitations on settlement charges: Certain services packaged by lenders will be granted a 10% change tolerance.
• Application Process: Lenders will have a one-stage application process with greater flexibility on selecting underwriting criteria.

For more information, read this week's Ronnie REALTOR^® and visit HUD's website.

. . . . . . . . . . . . . . . . .

HEALTHCARE BILLS PASSED BY SENATE AND HOUSE

The US Senate passed its version of Health Reform legislation on Christmas Eve morning, December 24. Efforts are underway to reconcile the bills passed by the House of Representatives and the Senate. The final bill will need to be approved by the House and the Senate before being sent to the President, upon which time it would become effective.

A summary of each of the bills and their provisions is now available on the NAR healthcare page on REALTOR.org. It includes a side-by-side comparison chart as well as the cost budget analysis from the Congressional Budget Office.

Full Listing of Delaware Planning
News & Meetings, and Community Planning / Land-Use Educational Opportunities >>

The SCAOR Office will be closed next Monday, January 18^th in observance of the Martin Luther King Holiday.