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Like Us on Facebook! Check out for our latest updates! Follow Us on Twitter! @GCAARNow Capital Area Realtor ® The official newsletter of the Greater Capital Area Association of REALTORS® May - June 2013 USPS: 017-467 Volume 19, Number 3 GCAAR Purchases New Headquarters Building 15201 Diamondback Drive, Rockville, Maryland On Thursday, May 16, GCAAR President Michael McGreevy was at the settlement table. He wasn’t representing a client or buying a home himself – he was signing and signing (and signing) the transaction documents for the purchase of a commercial building at 15201Diamondback Drive on behalf of your Association! The story of this purchase begins long before that Thursday afternoon in May, as most real estate stories do. GCAAR had been hoping to someday buy a home for many years - practically since its formation in 1998. It already owned the land underneath the building at 1355 Piccard Drive in Rockville, an investment it had inherited from one of its predecessors, the Montgomery County Association of REALTORS®. This land is leased to the group that owns the building, and for many years has provided a steady stream of non-member derived revenue for GCAAR. Owning the land is a solid investment, but it doesn’t provide the association a place to live. As a real estate organization, GCAAR’s Board of Directors and members know the value of owning where you live. We promote home ownership every day, with nearly every client we have. It makes sense for the Association that represents home ownership to own its own home. location. The group was tasked with identifying a place that would allow the two current County locations (Georgia Avenue in Silver Spring and Key West Avenue in Rockville) to be consolidated, with an eye on finding a building to purchase. With that goal in mind, and knowing the leases in both the Silver Spring and the current Rockville locations were expiring in 2013 and 2014, GCAAR’s 2011 President Adrian Hunnings appointed a Relocation Task Force to look at the options and make a recommendation to the Board of Directors on a new Following an extremely thorough process, the task force, Chaired by 2012 President Bonnie Casper, worked with commercial brokers from Transwestern to analyze heat maps of GCAAR member home and office locations. continued on page 19 GCAAR Members Complete 2013 MAR Leadership Academy GCAAR members Diane Hayes and Pramedai “Cammie” Reed recently completed the Maryland Association of REALTORS® (MAR) Leadership Academy and were honored along with 16 other graduates in ceremonies held in Annapolis. Diane Hayes receives her MAR Leadership Academy Award The MAR Leadership Academy was formed by REALTORS® who understand the important role they play in their community and the need to enhance the leadership skills, knowledge, and competencies of fellow REALTORS® interested in making a difference in their personal lives and in their continued on page 19 Greater Capital Area Association of REALTORS® 8757 Georgia Avenue, Suite 600 Silver Spring, MD 20910 REALTOR®Fest is July 23 Join us for a day of education and networking on July 23 at the Bethesda North Marriott with dynamic instructors, exhibitors, and relevant courses designed to take your real estate career to the next level! DC licensees can earn CE credits all in one day! GCAAR members pay only $10 for Non-CE classes! Register at July 23, 2013 Bethesda North Marriott Tuesday, July 23 • 8:00 a.m. – 8:15 p.m. • Bethesda North Marriott • 5701 Marinelli Road • North Bethesda, MD INSIDE THIS ISSUE Association 3 New Emeritus 2 GCAAR in the 3 Ask the 4 Board 4 Reverse Mortgage 5 Meet Your GCAAR Staff & Committees ����������������page 5 NAR Director’s 6 7 Womens Council of REALTORS® �������������������������page 19 Green 8 Technology/Tool 9 Hump Day Happy 9 MC & DC Market 10 Membership 14 14 GCAAR 15 MCRS 15 Public 16 Education 21 22 Past President’s 22

Capital Area REALTOR May/June 2013

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