January 10, 2011
Dear  , 
Welcome to DeltaNewsViews!
HUD Home Selling Broker/Agent Training
January 15, 2011
According to HUD Listing Brokers, a greater number of HUD Homes will be coming on the market.  Many members are not sure what they must do in order to be able to sell a HUD listing. To get you properly informed, DAR Past President Darnella Barnes will be conducting a free training on Saturday January 15 at the DAR conference Center.  For further information
Installation Banquet and Dance
Friday, January 21 at Lone Tree Golf Club
URGENT. We need your attendance. The invitation is out.  Hurry.. Call us and get your seat reserved right away.   We'll be installing our 2011 President Ralph Garrow and the 2011 officers and board of directors. We promise great food and great dancing to Carte Blanche. 
Call the office 757-8283.   
Ethics Cases
NAR Interpretations
CASE INTERPRETATIONS
RELATED TO ARTICLE 2 OF THE CODE OF ETHICS:

Case #2-1 Disclosure of Pertinent Facts (Revised Case #9-4. Transferred to Article 2 November, 1994.)


REALTORŪ A, acting as a management agent, offered a vacant house for rent to a prospective tenant, stating to the prospect that the house was in good condition. Shortly after the tenant entered into a lease and moved into the house, he filed a complaint against REALTORŪ A with his Board of REALTORSŪ, charging misrepresentation, since a clogged sewer line and a defective heater had been discovered, contrary to REALTORŪ A's statement that the house was in good

condition.


 
What did the Hearing Panel Decide?
New Laws for 2011
From CAR Legal Department
CAR has published a table outlining State and Federal Laws that will affect you in your business.  Take a LOOK HERE
Tax Credit Payback
Some 2008 Buyers Might Be Affected
If you had buyers who purchased after April 8, 2008 and claimed the $7,500 Tax Credit on their 2008 tax return they may be getting notices from the IRS that the credit was a no interest loan and they are told to repay the loan at up to $500 per year for 15 years.  IRS has an explanation on their website.  See IRS Tax Credit
The Purpose of the Delta Association of REALTORS is to support and enhance the professionalism and success of its members. 

John Bedford, CEO
Delta Association of REALTORS
Call us at (925) 757-8283
In This Issue
How to Sell HUD Homes
Officers To Be Installed
You Be The Judge
NEW LAWS in 2011
Tax Credit Payback