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RE/MAX Allegiance

4157 Chain Bridge Road

Fairfax, VA 22030

http://www.BengelBlog.com

New This Week

Policy Manual Updated

The policy manual has been extensively updated and

reformatted. It is always available on WorkSmarter.

MARS Update

NAR has made an important step in resolving the

confusion caused by the Federal Trade Commission’s

(FTC) Mortgage Assistance Relief Services Rule (MARS) among real estate professionals who

provide assistance to struggling homeowners in negotiating short sales with servicers on the

sale of the home.

Effective immediately, real estate professionals acting in their licensed capacity will no

longer need to comply with most of the Rule’s requirements, including the required

disclosures, advance fee ban, and recordkeeping requirements.

This forbearance of enforcement will only apply to real estate brokers (and real estate

agents under their direction and control) who are:

1. Licensed and maintain good standing pursuant to any applicable state law requirements;

2. In compliance with state laws governing the practices of real estate professionals; and

3. Assisting or attempting to assist a consumer in negotiating, obtaining or arranging a

short sale of a dwelling in the course of securing the sale of the consumer’s home.

The FTC will still enforce the Rule’s prohibition against misrepresentations made by a real

estate professional while assisting a consumer in negotiating or obtaining a short sale.

The FTC’s forbearance should have the effect of resolving this issue for real estate

professionals who are acting in their licensed capacity. While the Consumer Financial

Protection Bureau and state attorney generals can still enforce the Rule as written, both

groups are expected to follow the FTC’s lead. NAR will continue to work on obtaining a

complete resolution of this issue.

Kudos Corner

Charlie Bengel, Jr.

Chief Executive Officer

703-824-4199

(Voicemail)

CONTACT BY EMAIL

Congratulations to Jw Grodt, celebrating his 10 year anniversary as the Burke managing

broker this month.

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Staff Spotlight: Judy Austin, President

Judy Austin has been with RE/MAX as a Broker/Owner since 1988. She has received the

RE/MAX Central Atlantic Region Broker/Owner of the Year award, RE/MAX Hall of Fame

honors, and is recognized as one of the National Real Estate and Relocation Magazine’s 500

most powerful women in relocation and real estate. Judy merged offices from Northern

Virginia to Fredericksburg to help form RE/MAX Allegiance. Her vision and hard work were

essential to forming RE/MAX Allegiance.

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WOW Staff Member Moment of the Week:

Chuck Klein (Corp) for going above and beyond in addressing capture rate issues in some

offices. Nominated by Charlie Bengel, Jr.

Experience a WOW moment? Share it with us by emailing it to WOW@rmxtalk.com.

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Welcome Our Newest Associates:

Katie Verhalen, Virginia Beach

Sabrina Cummings (Exit Realty), Fredericksburg

Betty Claytor (Zip Realty), Fredericksburg

Remember, you can receive a bonus equal to two percent of a recruit's gross commission

income by referring them to us! See your office recruiter for details.

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Transactions

Last Week: 121

Month to Date: 324

Year to Date: 3436

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Corny Joke of the Week

Q.Why was the little strawberry crying?

A.Because his parents were in a jam.

Have kudos to share? Email CharlesBengel@remax.net.

Upcoming Education & Social Events

Register for most classes at www.rmxallegiance.com. See your VP for Associate Services

should you have a question about any event or service. Please check with the facilitator

regarding specific Roundtable discussions.

7/26/2011 10:00 am

Tuesday Talk

Chesapeake Education Center

Lisa Saunders and Edwin Rucker

8/4/2011 3:00pm

Roundtable Discussion

Leesburg Pike Multi-Purpose Room

Barbara Dill

8/5/2011 11:30 am

Carpet One Luncheon

Franconia Education Center

Khay Mallari

8/9/2011 10:00 am

Property Management Forum

Chesapeake Education Center

Lisa Saunders and Edwin Rucker

8/11/2011 10:30 am

Roundtable Discussion

Franconia Education Center

Phil Bolin

RE/MAX Allegiance is Independently Owned and Operated,

headquartered in Fairfax, VA and licensed in VA, MD, DC and NC. Charlie

Bengel, Jr. is licensed to practice real estate in Virginia. ©2010 - 2012 Imprev, Inc.