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Capital Area Realtor


The official newsletter of the Greater Capital Area Association of REALTORS®

January - February 2013

USPS: 017-467

Volume 19, Number 1

Gcaar’s Legislative Breakfast Brings Together Elected Officials and Realtors® GCAAR held its annual Legislative Breakfast on January 14 at its Rockville office. This important event was attended by over 85 GCAAR members and 15 legislators that represent Montgomery County at the local, state, and federal levels. Congressman Chris Van Hollen with 2013 Immediate Past President Bonnie Casper and Congressman John Delaney

Breakfast attendees listen intently to speakers

GCAAR Immediate Past President and 2013 RPAC Chair Bonnie Casper set the tone for the breakfast by outlining the association’s goals for the year, emphasizing how transportation infrastructure is “essential to economic development and maintenance of quality of life.” County Executive Ike Leggett reinforced the importance of expanding transportation options throughout the entire County by stating “growth…is something that we want to see happen.”

Chair Anne Kaiser (D-14) and Montgomery County Council Vice President Craig Rice (D-2) went on to discuss the important relationships that GCAAR has developed on all levels of government. They also spoke on behalf of their colleagues of the continued willingness to work together in the future. Overall, the event provided a great forum for everyone to mingle, enjoy a delicious breakfast, and learn first-hand what Montgomery County residents can expect to see on their elected officials’ legislative agendas for 2013.

The packed room then listened to Federal Congressman Chris Van Hollen (D-MD-8) and newly elected Congressman John Delaney (D-MD-6) give an overview on issues of importance to the real estate community on Capitol Hill. The “Fiscal Cliff,” deficit reduction, and the debt ceiling were just a few of the items discussed. While Congressman Van Hollen noted how “we are not out of the woods yet” with regards to national economic stability, he stressed how Congressional leaders were making progress by encouraging bipartisanship. Chief Deputy Majority Whip of the Maryland House of Delegates and Montgomery County House Delegation

County Executive Ike Leggett with 2013 GCAAR President Michael McGreevy

Bonnie Casper Speaks at State of the Market Press Conference

Greater Capital Area Association of REALTORS® 8757 Georgia Avenue, Suite 600 Silver Spring, MD 20910

2012 GCAAR President Bonnie Casper joined fellow association leaders at the State of the Market Press Conference held at the National Press Club on December 11. Bonnie was joined by Pat Kline, 2012 Northern Virginia Association of REALTORS® Chairman, and economist Lisa Sturtevant, PhD, from George Mason University. Bonnie gave an overview of the 2012 housing numbers for DC and Montgomery County, and left the audience with these key takeaways: • • • • • • •

Still a good time to buy and sell in DC and Montgomery County Sales prices are increasing Market is stabilizing; buyers see value Rental prices will continue to rise DC neighborhoods continue to see growth Montgomery County is moving toward smarter growth Housing must be created to serve smart growth areas

More pictures on page 3.

L-R, Lisa Sturtevant, George Mason University; NVAR Chairman, Pat Kline; 2013 Immediate Past President Bonnie Casper

INSIDE THIS ISSUE Association 3 Ask the 4 GCAAR in the 4 Meet Your GCAAR Staff & Committees �������������������page 5 NAR Director’s 6 The Rigorous Practice of Real Estate Sales........... page 7

Green 8 9 MC & DC Market 10 Public 14 GCAAR Affiliate 17 Membership 20 20 Education 21 Legal 22 Code of Ethics 22 23 GCAAR 23

Capital Area REALTOR® Jan/Feb 2013  

Capital Area REALTOR January - February 2013

Capital Area REALTOR® Jan/Feb 2013  

Capital Area REALTOR January - February 2013