Enjoy a day of Spring time!
Join SCAOR for a Trip to the...

2010 Flower Show "PASSPORT TO   THE WORLD"

Friday, March 5, 2010
$43 per person
8 a.m. Departure from SCAOR Office
Approx. return to SCAOR at 6 p.m.

Trip Includes: Bus transportation, admission to the 2010 Philadelphia International Flower Show and snacks on the bus.

Join us for this special event. Enjoy the landscapes, gardens and culture of flowers from all around the world.

Hurry ~ Limited Seating

Return attached flyer or email Crystal
to Register Today

Are those Holiday pounds hanging around a little too long, and you'd like to join others in a challenge to lose a few pounds and help a good cause?

Join the SCAOR Biggest Loser Pound for Pound Challenge and let's kick a few pounds together!

Click here for full details >>

Join us on a Trip to
New York December 8!
Tour the city or
see a Broadway musical.
Your choice!

Limited Seats Available,
Departure: 6:30 a.m. SHARP!
Register by emailing Crystal@scaor.com
or fax your form to the SCAOR office

Click here for the flyer >>

January classes were sold out.
Register now to save the dates you prefer to attend classes.

Earn your required CE hours now while the market is quiet - in class and online now available.  Click here to see this week's and future in class offerings!

Click here for elective online classes.
To save 15%, enter the promotional code upon checkout: LOVE

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

Would you like to learn shortcuts and helpful tools, best practices 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 >
More seats added!.

Case #14-2:
Refusal to Submit Pertinent Facts

The Chairperson of the Hearing Panel advised REALTOR^® A that, in light of his refusal to answer questions directed to him, the complaint was being amended to include a charge of a violation of Article 14. The Chairperson asked REALTOR^® A if he wished to proceed with the hearing, or if he preferred to have the hearing postponed to a later date to provide him with an opportunity to prepare a defense against the additional charge. The Chairperson also reminded REALTOR^® A that he was not before a court of law but a Committee of the Board in which his membership was based wholly upon his willingness to abide by it rules, which did not provide for a "Fifth Amendment" refuge from proper questions by members of the Hearing Panel.

REALTOR^® A requested a continuance to prepare his defense against the amended complaint that now included an alleged violation of Article 14. The hearing was adjourned to a date certain to enable REALTOR^® A to prepare his defense to the additional charge.

Coming Friday, March 5 to the Addy Sea in Bethany Beach. . .

RPAC Ocean Jump 2010

9 a.m. - 4 p.m. Education Program
4 p.m. - 6 p.m. Reception
We JUMP at 4:30 p.m.

The SCAOR office follows Sussex County Government closings. If Sussex County Government is closed, SCAOR is also closed. Contact numbers if SCAOR is closed:

Innovia 800-334-0841
SentriLock 877-736-8745

Capturing the Senior Market
This Thursday, February 18
9 - 11:30 a.m.
Guest Speaker:
Paula Schatz,
Director of Marketing, Cadbury
Location:
Cadbury at Lewes
17028 Cadbury Circle
(off Gills Neck Rd.)
Cost:
Only $15 - or free for first-time guests,
but you MUST register!

RSVP TODAY to Linda Morena at 302.312.8118 or lmorena@monarchmtg.com.

All cancellations must be made by Feb. 15.
No-shows will be billed after today.

If you would like to attend the NAR Midyear expo May 12 in Washington D.C., and let SCAOR do the driving, email TracyLee@scaor.com. Please indicate the length of time you would like to attend the expo, which opens daily at 10 a.m. during NAR's Midyear convention.

NEW FHA UNDERWRITING CRITERIA

On January 20, 2010, FHA announced major changes with its underwriting criteria, and a 1-year waiver on the 90 day resale restriction.

Read more:
FHA Policy Changes >>
New FHA Borrower Requirements >>
HUD Takes Action to Speed Resale of Foreclosed Properties, Press Release >>
FHA Waiver of Requirements >>

NEW RESPA RULES NOW EFFECTIVE

The RESPA changes in effect as of January 1, 2010 include:

• 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 three page HUD-1 Settlement Statement, redesigned to look like the GFE with additional cross references and a "cross-walk" chart comparing charges in the GFE with the final charges.

For more on RESPA, attend the FREE February 24 Update.

Full Listing of Delaware Planning
News & Meetings >>

Fannie Mae is offering a 3.5% incentive for buyers who purchase and close on a Fannie Mae-owned home between January 28 and April 30, 2010. Buyers purchasing properties listed on HomePath.com that are closed within this period may receive up to 3.5% of the final sales price for:

• Closing costs;
• The purchase of new Whirlpool^® appliances by Fannie Mae; or
• A mix of closing costs and appliances, at the buyer's discretion, up to the maximum 3.5%.

To be eligible for this incentive:

• Offers must be accepted on or after January 28, 2010;
• Property sales must close before May 1, 2010; and
• Buyers must be owner-occupants (investors are excluded).

The incentive reinforces Fannie Mae's commitment to stabilizing communities and assisting buyers. For more information about this incentive, visit www.HomePath.com and read the press release on fanniemae.com.