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Check out for our latest updates! Capital Area Realtor ® The official newsletter of the Greater Capital Area Association of REALTORS® January - February 2012 Inside This Issue State of the 2 Association 3 GCAAR in the 3 Ask the 4 Women’s Council of REALTORS® ������page 5 GCAAR Emeritus Members ���������������page 5 Taxing 6 Message from Adrian Hunnings ��������page 7 Green 7 Lessons from 8 9 MC Market 10 DC Market Report.......................... page 12 Sentrilock...................................... page 12 Professional Sandards................... page 13 GCAAR Cares................................. page 13 Public 14 RPAC 16 Legal 17 Submit Story Ideas 18 18 USPS: 017-467 Volume 18, Number 1 Threat to Mortgage Interest Deduction Brings GCAAR Members to Legislative Day Skies were blue but potential storm clouds on the housing front brought GCAAR members to Annapolis for the Maryland Association of REALTORS®’ (MAR) annual Legislative Day on January 25. The day focused on Governor O’Malley’s recently released budget, which proposes limitations on total deductions for almost all taxpayers earning a six-figure income. Not only would the mortgage interest deduction (MID) and property taxes be reduced, but so would all other deductions. As real estate-related deductions together total almost 70 percent of total deductions for Maryland taxpayers, homeowners would bear the brunt of this tax increase. “Maryland homeowners are proportionately the biggest users of the MID in the country,” said Mary Anton, MAR CEO. Chair of MAR’s Legislative Committee Rick Ralls stressed, “we are going to need 100 percent call to action responses to state senators and delegates letting them know how important MID is to Marylanders.” MAR’s Director of Regulatory Affairs, Mark Feinroth YPN 19 L- R: Harold Huggins, Pat Weed, Delegate Ben Kramer, Meredith Weisel, GCAAR Board Member Greg Ford, 2012 GCAAR President Bonnie Casper, GCAAR CEO Mike Moran, Carole Maclure, 2012 MAR Treasurer, 2008 GCAAR President Dennis Melby, Delegate Charles Barkley, GCAAR Board Member Tim Knobloch noted, “…the challenge will be helping the General Assembly find alternative sources of funds.” Vice President of Government Affairs Bill Castelli went on to discuss MAR’s other 2012 legislative priorities. He highlighted PlanMaryland, which will continued on page 2 Legislative Breakfast Garners Strong Showing from State the annual Legislative Breakfast. The standing-room and County Legislators Greater Capital Area Association of REALTORS® 8757 Georgia Avenue, Suite 600 Silver Spring, MD 20910 A delegation of federal, state, and county legislators came to GCAAR’s Rockville office on January 9 for crowd listened to Maryland Congressman Chris Van Hollen, Senator Roger Manno, County Executive Isiah “Ike” Leggett, and Montgomery County Council President Roger Berliner discuss the issues at the national, state, and county levels that may impact real estate this year and beyond. 2012 GCAAR President Bonnie Casper set the tone for the breakfast by outlining the association’s goals for the year. She emphasized the fact that Congress should “do no harm” to the real estate and housing industry in 2012. L- R: Maryland Congressman Chris Van Hollen, GCAAR President Bonnie Casper and County Executive Isiah “Ike” Leggett Like Us on Facebook! Maryland Congressman Chris Van Hollen thanked REALTORS® for their support, saying “you know the continued on page 2 Follow Us on Twitter! @GCAARNow

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