February 3, 2010 Edition In this issue NEWS & ANNOUNCEMENTS Consider Live-In Stagers for Vacant Homes. Click here for more information. Fannie Mae Offers New Closing Cost Assistance and Appliance Incentive for Homebuyers 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 the organization's commitment to stabilizing communities and assisting buyers. For more information about this incentive, visit www.homepath.com MEMBERSHIP UPDATE HOW WOULD YOU VOTE? PROFESSIONAL DEVELOPMENT AFFILIATE PROFILE REALTOR Association Web Sites ECAR CAR NAR Welcome Aboard to our January new members! Designated REALTORS Michael Duncan Duncan Real Estate, Southwick, MA Diana McDougall Realty 3 Village & Shoreline, Stonington REALTORS Susan Cook Weichert, REALTORS -Suburban Properties Susan Griffiths Spaulding Realty Group Brian Gullickson Sellstate Leading Edge Realty Christopher Klein ERA Taylor Realty Group Pamela Reeves Shore Views Real Estate` Minna Reid CG Real Estate Joseph Wills CG Real Estate Affiliates
Andrew Tubbs Service Station Equipment Member Updates January 2010 Agency Transfers Member New Firm/Office Former Firm/Office Mary Ann Agostini Realty 3 Village & Shoreline Realty 3 Mitchel Agency Charles Barber Randall REALTORS (Waterford) Prudential Connecticut Realty Renee Cooper Randall REALTORS (Waterford) Prudential Connecticut Realty David Todd Crawford Prudential Connecticut Realty (East Lyme) William Raveis Real Estate (East Lyme) Suzanne Davis Randall REALTORS (Waterford) Prudential Connecticut Realty Dyann Degaetano William Raveis Real Estate (East Lyme)- William Pitt Sotheby s (Stonington) Deborah Donlon Performance Realty Group Nautilus Realty Stephen Douglas William Raveis Real Estate Prudential Connecticut Realty Terry Friedman Randall REALTORS (Waterford) Prudential Connecticut Realty Richard Jerr Sellstate Leading Edge Realty - StoneHouse Real Estate Janice Johnson Prudential Connecticut Realty Allyn Associates Robin Keator Randall REALTORS (Waterford) Prudential Connecticut Realty Loretta King Prudential Connecticut Realty (East Lyme) William Raveis Real Estate (East Lyme) Linda Labbe William Raveis Real Estate Prudential Connecticut Realty Stephanie (Sowell) Lisee Performance Realty Group Prudential Connecticut Realty Barbara Lukens On The Move Realty Prudential Connecticut Realty Ellen Macha Exit HomeTown Properties Browning & Browning Real Estate Charity MacPherson Realty 3 Village & Shoreline Coldwell Banker Residential Brokerage (Mystic) Elizabeth Matera William Raveis Real Estate Prudential Connecticut Realty Barbara Myer Randall REALTORS (Waterford) Prudential Connecticut Realty Peter Plourde William Raveis Real Estate (Glastonbury) William Raveis Chapman Enstone Martha Poole-William Raveis Real Estate Prudential Connecticut Realty Priscilla Shabarekh LarryGemma Realty Coldwell Banker Residential Brokerage (Mystic) Cynthia Sherman RE/MAX Bell Park Realty (Dayville) Century 21 Allyn-Anchor Melanie Tary Realty 3 Village & Shoreline Coldwell Banker Residential Brokerage (Mystic) Association Reinstatements Eric Wold Taber Realty Association Deletes Jerry Allen Prudential Connecticut Realty (East Lyme) Gattano Baron The Partner Network (Dayville)
Betty Beaudreau The Partner Network (Central Village) Holly Beebe Martin-Mitchell Richard Buell Cole Real Estate Michele Catalina RE/MAX Property Consultants Diane Cellucci Randall, REALTORS (Waterford) Sylvia Danenhower Prudential Connecticut Realty (South Woodstock) Patricia Degemmis Coldwell Banker Residential Brokerage (Mystic) Jillian D Elia Loomis Real Estate John Digiacomo Taber Realty Jaclyn Dodson Randall, REALTORS (Waterford) Sheila Giangrande Weichert, REALTORS -Suburban Properties Robert Gilson Crystal Real Estate Company Danuta Grabowska Allyn Associates REALTORS Rafael Hernandez Prudential Connecticut Realty (Mystic Seaport) Russell Hicks Prudential Connecticut Realty (South Woodstock) Dorothy Huber Coldwell Banker Residential Brokerage (Mystic) Yvonne Ilasi Coldwell Banker Residential Brokerage (Niantic) Cynthia Jordan The Perry Agency Jessica Katinas StoneHouse Real Estate Tammy Knowles Prudential Connecticut Realty Maureen Krayem Prudential Connecticut Realty (Mystic) Laura Lee William Raveis Real Estate (Mystic) Theresa Murphy Samuel Stephens Real Estate Leah Nettekoven Coldwell Banker Residential Brokerage (Mystic) Olin Paige Realty World Signature Properties Jonathan Schachter Coldwell Banker Residential Brokerage (Niantic) Conrad Senecal The Partner Network (Central Village) Gaston Simoneau StoneHouse Real Estate Gloria Simoneau StoneHouse Real Estate Graham Thompson Prudential Connecticut Realty (Mystic) Vivian Torregrossa Coldwell Banker Residential Brokerage (Mystic) Damon Tyler Prudential Connecticut Realty (South Woodstock) Paige Wybraniec Coldwell Banker Residential Brokerage (Mystic) Article 12 REALTORS shall be honest and truthful in their real estate communications and shall present a true picture in their advertising, marketing, and other representations. REALTORS shall ensure that their status as real estate professionals is readily apparent in their advertising, marketing, and other representations, and that the recipients of all real estate communications are, or have been, notified that those communications are from a real estate professional. Advertisting Role in Sales After Changing Firm Affiliation Case Interpretation 12-25 by the NAR Professional Standards Committee REALTOR Q was a non-principal broker licensed with ABC, REALTORS. REALTOR Q specialized in buyer representation. A prominent feature on her website carried the headline I sold these and I can help you buy or sell, too!. Under the headline was a list of over a hundred street addresses of properties for which REALTOR Q had found buyers. For personal and professional reasons, REALTOR Q chose to leave the ABC firm to
affiliate with XYZ, REALTORS. As she transitioned to her new firm, REALTOR Q was careful to disclose the name of her new firm in a readily apparent manner on her website. Her website also continued to display the list of properties she had found buyers for during her time with the ABC firm. REALTOR Q s parting with ABC had been amicable, so she was surprised to receive a complaint brought by her former principal broker, REALTOR C, alleging a violation of Article 12, as interpreted by Standard of Practice 12-7, based on her website s display of sales made while REALTOR Q had been affiliated with ABC. At the hearing, REALTOR C, the complainant, noted that Standard of Practice 12-7 provides, in part, Only REALTORS who participated in the transaction as the listing broker or cooperating broker (selling broker) may claim to have sold the property. It was ABC, REALTORS, REALTOR C added, that was the selling broker in these transactions, not our former sales associate REALTOR Q. Her advertising our sales under the umbrella of her new firm, XYZ, REALTORS, is confusing at best, and potentially misleading to consumers who may get the impression the XYZ firm was involved in these transactions when that s not the case. REALTOR Q defended herself and her website arguing that the fact that she had found the buyers for each of the properties listed on her website was still true, and that the only thing that had changed was her firm affiliation. If it was true when I was licensed with ABC, then it s still true even though I m now licensed with XYZ, she reasoned. How would you vote? The hearing panel agreed that REALTOR Q had, in fact, sold the properties, albeit while licensed with ABC. The ad, however, suggested that the sales were made while the REALTOR Q was licensed with XYZ, which was not the case. Consequently REALTOR Q was found in violation of Article 12. To register for MLXchange, click here. To register for a CE class, click here. CT Buyer Agency (Mandatory) February 10, 2010 9:00 A.M. - Noon 3 CE Credits Creative Equity Marketing February 10, 2010 1:00 P.M. - 8:00 P.M. 6 CE Elective Credits FSBOs - Obstacle or Opportunity? 9:00 A.M. - Noon 3 CE Elective Credits
CT Disclosure, RESPA & Law Update (Mandatory) 1:00 P.M. - 4:00 P.M. 3 CE Credits Customer Service & the Web 6:00 P.M. - 9:00 P.M. 3 CE Elective Credits GRI 2 February 22, 2010 8:30 A.M. - 5:00 P.M. MLXchange Training - Report Writer March 3, 2010 10:00 A.M. - Noon Eastern Connecticut Association of REALTORS MLXchange Training - Web Site Builder March 3, 2010 1:00 P.M. - 2:30 P.M. Eastern Connecticut Association of REALTORS Matthew Biggins Connecticut Home Mortgage Corporate Office 3 Corporate Drive, Ste 212 Shelton, CT 06484 Position: District Manager Type of Business of Service: Mortgage Banker Number of Years in Business: 8 years Business Team: Our team consists of 2 employees, 50 years of combined experience. # of Clients Served: New London & Windham counties and Rhode Island. Business Accomplishments: CMPS, Certified Mortgage Planning Specialist. Business Philosophy: Evaluating each potential client's situation to assist them in making the proper mortgage decision. Products and Services Add Value By: Allowing borrower's the flexibility of multiple program options with honest evaluation and high levels of intengrity and ethics.