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By TRIF ALATZAS | April 20, 2003
A recent study by the Maryland Real Estate Commission shows the agency's Web site is the most popular among those posted by the state's 23 licensing units. Commission staff members said the site receives about 7,500 hits monthly. Real estate professionals use it to learn about new laws affecting the industry as well as required fees and licensing requirements. Real estate agents and brokers also can apply and renew their licenses at the site - a record 88 percent of them are renewing their licenses via the Internet.
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BUSINESS
By JUNE ARNEY and JUNE ARNEY,SUN REPORTER | November 6, 2005
The Maryland Real Estate Commission sees light at the end of the tunnel. It just needs to make it to July. That's when the regulatory agency expects an infusion of funding that will allow it to add what it considers sufficient staff - a luxury it hasn't had as the real estate market fueled record home sales and added thousands of agents and brokers to the industry it regulates Even as the real estate market boomed, budget cuts left the commission with...
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BUSINESS
October 20, 1996
Hoping to draw members from outside Baltimore County and the city, the region's largest real estate trade association will open a branch in Howard County later this month.The new Ellicott City office will put the 3,300-member Greater Baltimore Board of Realtors in direct competition with the Howard County Association of Realtors, a trade group serving that county.Both groups are affiliates of the National Association of Realtors, which agents and brokers must join to use the Realtor designation.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | June 11, 2005
Home prices in the Baltimore region rose more than 16 percent in May compared with a year earlier, showing continued strength in a housing market that keeps defying predictions of a slowdown. Home sellers routinely are getting multiple offers above the listing price as buyers, encouraged by low mortgage interest rates and flexible financing, compete for houses, area real estate agents and brokers said. Many buyers said they have no choice but to take on larger mortgages so that they can afford the rising prices.
BUSINESS
By Trif Alatzas | October 12, 2003
The Greater Baltimore Board of Realtors has scheduled its 17th annual fair for Wednesday in Woodlawn as unprecedented housing sales continue. More than 500 people are expected for the one-day event, which will include seminars to help agents and brokers fulfill their state licensing requirements, networking sessions and vendors who supply services and products for the industry. The group also will hold its annual meeting there. The Greater Baltimore Board of Realtors - founded in 1858 and the oldest real estate board in the country - represents 3,200 agents and brokers in the area.
BUSINESS
By James Gallo | March 21, 2004
A proposal to make the Maryland Real Estate Commission self-sufficient by increasing licensing fees is not likely to be approved by the General Assembly this year, members of the commission said last week. The nine-member panel had pushed legislation to create a fund to set fees for the state's 40,000 real estate agents and brokers. The commission, now funded through the state's general fund, has become overwhelmed with more people entering the real estate industry, officials said. Steven VanGrack, chairman of the commission, said agents and brokers are willing to pay more for their two-year licenses if the funds are directed toward regulating the real estate industry.
BUSINESS
By Shruti Mathur | May 23, 2004
Members of the Maryland Real Estate Commission unanimously re-elected their chairman and vice chairman for another term during a meeting last week. The board re-elected Steven VanGrack as chairman and Sydney L. Machat as vice chairman. The one-year terms are not paid. VanGrack is a Rockville lawyer who has been on the commission since 1996. Machat is an associate broker with Long & Foster Real Estate Inc. in Washington County. He has been a member of the commission since 1995. The commission, created by the legislature in the late 1930s, regulates the state's 40,000 real estate agents and brokers.
NEWS
January 31, 1991
With a real estate system in which agents and brokers are legally responsible only to the seller of a property, a real estate board on which industry representatives outnumber consumers by five to three and a complaint process that is slow and inefficient, no one should be surprised that a report from the Depart ment of Fiscal Services describes regulation of Maryland's real estate industry as "inadequate."Some of the solutions to the system's weaknesses are easily corrected. A joint House-Senate legislative committee is now drafting proposals that would add a consumer representative to the Maryland Real Estate Commission, a change that would help redress the commission's industry tilt and give the commission enough members to add another three-member hearing panel.
NEWS
By Mark Guidera and Mark Guidera,Sun Staff Writer | April 11, 1995
Legislation to tighten state control of Maryland's title insurance industry and bar from the business those who have mishandled clients' money is headed to the governor after clearing the General Assembly.The new legislation would require all lawyers selling title insurance to obtain state licenses and officers and directors of all title insurance companies to provide more information about their backgrounds to the state.Under the legislation, the state could deny a license to anyone it deems not trustworthy to handle title insurance funds.
BUSINESS
June 24, 2001
Chances are the Realtor who helped you buy or sell your home recently was close to this demographic: She was 52 years old and married, had a gross personal income of $47,700 and worked about 43 hours per week. These were among the findings revealed by the National Association of Realtors Member Profile - a survey of 40,000 members with a 19 percent response rate. Among other findings: The typical Realtor works for an independent, non-franchised firm with one sales office and 19 sales associates.
BUSINESS
By Shruti Mathur | May 23, 2004
Members of the Maryland Real Estate Commission unanimously re-elected their chairman and vice chairman for another term during a meeting last week. The board re-elected Steven VanGrack as chairman and Sydney L. Machat as vice chairman. The one-year terms are not paid. VanGrack is a Rockville lawyer who has been on the commission since 1996. Machat is an associate broker with Long & Foster Real Estate Inc. in Washington County. He has been a member of the commission since 1995. The commission, created by the legislature in the late 1930s, regulates the state's 40,000 real estate agents and brokers.
BUSINESS
By James Gallo | March 21, 2004
A proposal to make the Maryland Real Estate Commission self-sufficient by increasing licensing fees is not likely to be approved by the General Assembly this year, members of the commission said last week. The nine-member panel had pushed legislation to create a fund to set fees for the state's 40,000 real estate agents and brokers. The commission, now funded through the state's general fund, has become overwhelmed with more people entering the real estate industry, officials said. Steven VanGrack, chairman of the commission, said agents and brokers are willing to pay more for their two-year licenses if the funds are directed toward regulating the real estate industry.
BUSINESS
By Trif Alatzas | October 12, 2003
The Greater Baltimore Board of Realtors has scheduled its 17th annual fair for Wednesday in Woodlawn as unprecedented housing sales continue. More than 500 people are expected for the one-day event, which will include seminars to help agents and brokers fulfill their state licensing requirements, networking sessions and vendors who supply services and products for the industry. The group also will hold its annual meeting there. The Greater Baltimore Board of Realtors - founded in 1858 and the oldest real estate board in the country - represents 3,200 agents and brokers in the area.
BUSINESS
By TRIF ALATZAS | April 20, 2003
A recent study by the Maryland Real Estate Commission shows the agency's Web site is the most popular among those posted by the state's 23 licensing units. Commission staff members said the site receives about 7,500 hits monthly. Real estate professionals use it to learn about new laws affecting the industry as well as required fees and licensing requirements. Real estate agents and brokers also can apply and renew their licenses at the site - a record 88 percent of them are renewing their licenses via the Internet.
BUSINESS
By Trif Alatzas and Trif Alatzas,SUN REAL ESTATE EDITOR | January 5, 2003
A growing number of job seekers are turning to real estate sales in Maryland and across the country as layoffs and slowdowns in other industries have pushed some to take advantage of the hot housing market. Maryland and Baltimore industry groups said their memberships have grown during the past few years. Real estate school teachers said classes are full. And members of the Maryland Real Estate Commission said a growing number of people are taking the state's licensing test. Experts said it's a combination of a hot market, job losses in other fields and the allure of the flexible hours and the independence of selling real estate.
BUSINESS
June 24, 2001
Chances are the Realtor who helped you buy or sell your home recently was close to this demographic: She was 52 years old and married, had a gross personal income of $47,700 and worked about 43 hours per week. These were among the findings revealed by the National Association of Realtors Member Profile - a survey of 40,000 members with a 19 percent response rate. Among other findings: The typical Realtor works for an independent, non-franchised firm with one sales office and 19 sales associates.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,Sun Staff Writer | June 16, 1995
Licensed real estate agents and brokers will be able to gain access to electronic home sales listings without joining a Realtor trade association, the Greater Baltimore Board of Realtors said yesterday in settling a lawsuit filed by a rival group.An association of black real estate agents and brokers accepted an offer by the board yesterday afternoon that will allow non-Realtors to pay a fee to use the computer service, known as the multiple listing service (MLS) in the trade.The Real Estate Brokers of Baltimore -- formed in 1947 when blacks were barred from all-white realty associations -- sued the Realtors board in November, accusing it of racial discrimination and antitrust violations for denying nonmembers access to electronic home sales information.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | June 11, 2005
Home prices in the Baltimore region rose more than 16 percent in May compared with a year earlier, showing continued strength in a housing market that keeps defying predictions of a slowdown. Home sellers routinely are getting multiple offers above the listing price as buyers, encouraged by low mortgage interest rates and flexible financing, compete for houses, area real estate agents and brokers said. Many buyers said they have no choice but to take on larger mortgages so that they can afford the rising prices.
BUSINESS
By Brenda J. Buote and Brenda J. Buote,SUN STAFF | November 29, 1998
After watching friends sell their house on their own, John and Janet Selway decided that they could do the same and jumped into the market without using a real estate agent.The couple put an advertisement in the newspaper and planted a "For Sale" sign in the front yard. And then they waited.One month passed.Another month went by.Then, it was 90 days.Finally, after four months they found a buyer.Each year, about 15 percent of the 4.5 million people who put their homes on the market try to complete the transaction without an agent.
BUSINESS
October 20, 1996
Hoping to draw members from outside Baltimore County and the city, the region's largest real estate trade association will open a branch in Howard County later this month.The new Ellicott City office will put the 3,300-member Greater Baltimore Board of Realtors in direct competition with the Howard County Association of Realtors, a trade group serving that county.Both groups are affiliates of the National Association of Realtors, which agents and brokers must join to use the Realtor designation.
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