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Market Trends: New Castle County, MAY 2014
In May, New Castle County saw a decrease in Settled Listings of 7.0% from May of 2013. Year-to-date sales now trail 2013 levels by 9.3%. MORE>
Got a Minute?
Who Does Home Inspections?
The State of DE now requires Home Inspectors to be licensed. We thought it would be helpful to clarify how the State-wide Agreement of Sale defines the details. Join our own Andy Taylor, Esq. for a short and informative video presentation on the subject HERE>
Got Septic Systems?
Understanding Paragraphs 22a and 22b of the State-wide Agreement of Sale and pumping of systems, inspections, service requirements...and more Are you an expert? Effective dates? Take a few minutes and sit with Andy Taylor, Esq. of Cooch & Taylor as he walks us thru it HERE>
Applying for Emeritus Status?
Attention REALTORS®---2014 is the last year applicants will not have to provide proof of one year of service. Between 2015 and 2019 applicants will need to provide proof of a year of service at either the local, state or national level. After 2019 service will need to be at the national level to apply for emeritus status. For MORE> information regarding these changes
Buyer / Seller Dispute Resolution Program
Did you know that NCCBOR no longer offers the BBB Buyer /Seller Dispute Resolution Program? This program was eliminated in December 2011. In Paragraph 31 of the State-wide Agreement of Sale, mark NO next to Buyer-Seller Dispute Resolution, there is no addendum. If you have two parties that are interested in going to mediation, NCCBOR can arrange for a non-binding mediation session.
NCCBOR AWARDS hosted by the Delaware Housing Opportunity Fund , Inc (DEHOFI) 05.08
Wow, What a night! A nice dinner, open bar and a celebration of the Best and Brightest of our Real Estate Clan! The event was hosted by the DE Housing Opportunity Fund (DEHOFI) as a fundraiser too! Special thanks to the DEHOFI board and volunteers for making it so special. Didn't hear who won Awards? Just click HERE> to be in the know
DEHOFI Golf Event 06.04
Special thanks to all of the DEHOFI's sponsors and all the golfers that participated in this very successful event. SUPER Special Thanks to DEHOFI Events Chair Shana Delcollo and her committee for ordering the great weather and putting together an event that will be hard to forget! Next up is the DEHOFI Candy Raffle and Save the Date - October 3rd - for Casino Night !
Congratulations to our President Lynette S. Scott
Congratulations to our 2014 President Lynette S. Scott who received the Andrew J. Turner Fair Housing Award from the Housing Opportunities of Northern Delaware at their 31st Fair Housing Luncheon on April 24 held in Wilmington. Way to Go Lynette! MORE>
Competitive market analysis ("CMA")
In a recent newsletter the term "listing" was substituted for signed Agreement of Sale. Licensees may perform a competitive market analysis as part of providing real estate services. However, a licensee shall not perform a competitive market analysis for the mortgagee on a property that is the subject of a signed agreement of sale. Read the details HERE>
Agreement of Sale and Listing Agreement
There have been updates to the State-wide AGREEMENT OF SALE, The DAR LISTING AGREEMENT, and the DAR AGREEMENT OF SALE - UNIMPROVED LAND. Click on each to review the red-lined version. October 1 , 2013 is last day that the old version may be used.
Looking for a Quick Video Tutorial on the Changes in the AOS and the Listing Agreements?
Join Andy Taylor, ESQ for a 12 minute video highlighting the changes to the AOS and Listing Agreements HERE> These documents are on the NCCBOR members side of the website now.