Duties to Clients and Customers
Duties to the Public
Duties to REALTORS®

Where the word REALTORS^® is used in this Code and Preamble, it shall be deemed to include REALTOR-ASSOCIATE^®s.

While the Code of Ethics establishes obligations that may be higher than those mandated by law, in any instance where the Code of Ethics and the law conflict, the obligations of the law must take precedence.

Preamble
Under all is the land. Upon its wise utilization and widely allocated ownership depend the survival and growth of free institutions and of our civilization. REALTORS^® should recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.

Such interests impose obligations beyond those of ordinary commerce. They impose grave social responsibility and a patriotic duty to which REALTORS^® should dedicate themselves, and for which they should be diligent in preparing themselves. REALTORS^®, therefore, are zealous to maintain and improve the standards of their calling and share with their fellow REALTORS^® a common responsibility for its integrity and honor.

In recognition and appreciation of their obligations to clients, customers, the public, and each other, REALTORS^® continuously strive to become and remain informed on issues affecting real estate and, as knowledgeable professionals, they willingly share the fruit of their experience and study with others. They identify and take steps, through enforcement of this Code of Ethics and by assisting appropriate regulatory bodies, to eliminate practices which may damage the public or which might discredit or bring dishonor to the real estate profession. REALTORS^® having direct personal knowledge of conduct that may violate the Code of Ethics involving misappropriation of client or customer funds or property, willful discrimination, or fraud resulting in substantial economic harm, bring such matters to the attention of the appropriate Board or Association of REALTORS^®. (Amended 1/00)

Realizing that cooperation with other real estate professionals promotes the best interests of those who utilize their services, REALTORS^® urge exclusive representation of clients; do not attempt to gain any unfair advantage over their competitors; and they refrain from making unsolicited comments about other practitioners. In instances where their opinion is sought, or where REALTORS^® believe that comment is necessary, their opinion is offered in an objective, professional manner, uninfluenced by any personal motivation or potential advantage or gain.

The term REALTOR^® has come to connote competency, fairness, and high integrity resulting from adherence to a lofty ideal of moral conduct in business relations. No inducement of profit and no instruction from clients ever can justify departure from this ideal.

In the interpretation of this obligation, REALTORS^® can take no safer guide than that which has been handed down through the centuries, embodied in the Golden Rule, “Whatsoever ye would that others should do to you, do ye even so to them.”

Accepting this standard as their own, REALTORS^® pledge to observe its spirit in all of their activities whether conducted personally, through associates or others, or via technological means, and to conduct their business in accordance with the tenets set forth below. (Amended 1/07)

Rates as of November 25, 2008, 12:34 p.m. Central:
30-Yr. Fixed (0 points):
Conforming:  5.375%
Jumbo:  6.750%
FHA:  5.500%

Now,  not to be 'One-Upped' by my competition, as well as in the spirit of the holiday season, I will pay for the cost to lower that historic low interest rate even further by 1% for the first 12 payments of the loan!!!  Yes, payments 1-12 are at 4.375% and payments 13-360 will be at 5.375%.
No gimmicks, no tricks, and no bull.

Obviously rates change on a daily basis, but the additional 1 point discount for the first 12 months will continue to be available until further notice.  This applies for either purchases or refinances, so feel free to tell everyone you know.
(NOTE:  interest rate is be based on credit profile, documentation type and loan to value.)

Lastly, do you want to know how the Fed/Treasury moves are effecting interest rates?  Check out this website for more information:
http://www.washingtonpost.com/wp-dyn/content/article/2008/11/25/AR2008112500723.html?nav=igoogle

Call or email with any questions, and of course, if I can help you or one of your clients out.

And if I don't get a chance to talk with you prior, Happy Turkey Day...gobble, gobble!!!

 
Tammy Hajjar
Sales Manager / Home Loan Consultant
Assistant: Tony Borrello, 773-883-8026
Chicago Branch 326, Mail Code: IL1-910-01-00
Countrywide Bank, FSB
773-883-8024 Office
773-726-4374 Cell
866-408-4189 Fax 2073 N Lincoln Ave 2nd Flr
Chicago, IL 60614

* If you woke up this morning with more health than illness
You are more blessed than the million who won't survive this week.

* If you have never experienced the danger of battle, the loneliness of imprisonment, the agony of torture, the pangs of starvation,
You are ahead of 20 million people around the world.

* If you attend a church meeting without fear of harassment, arrest, torture, or death
You are more blessed than almost three billion people in the world.

*If you have food in your refrigerator, clothes on your back, a roof over your head and a place to sleep
You are richer than 75% of this world's peoples.

*If you have money in the bank, in your wallet, and spare change on a dish some place,
You are among the top 8% of the world's wealthy.

*If you parents are still married and alive
You are very rare... especially in the United States.

*If you hold your head up with a smile on your face and are truly thankful,
You are blessed because the majority can but most do not.

*If you can hold someone's hand, hug them or even touch them on the shoulder
You are blessed because you can offer God's healing touch.

*If you can read this message you are more blessed than over two billion
in the world that cannot read anything at all.

You are so blessed in so many ways you may never even know...
May God continue to bless you now, forever and always.
~ Anon (If you know who created this, please let us know!)

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We're just one day away from change.

Election Day is tomorrow -- Tuesday, November 4th.

We've asked you to do a lot over the course of this campaign, and you've always come through.

Right now, I'm asking you to do one last thing -- vote tomorrow, and make sure everyone you know votes, too.

Watch a short video about how far we've come, and how close we are. Then find or confirm your polling location and make sure your friends and family do the same:

 

When this campaign began, we weren't given much of a chance by the pollsters or the pundits.

But tomorrow, we can make history.

We've made it this far because supporters like you never stopped believing in your power to bring about real change.

Take the final step now.

Watch the video, find your polling location, and get everyone you know involved on Election Day:

http://my.barackobama.com/nov4

With your vote, and the votes of your friends, family, and neighbors, we won't just win this election -- together, we will change this country and change the world.

Thank you,

Barack

 

 

Look up your polling location.

 

REO Property & Your Clients

REO stands for Real Estate Owned and it refers to a property that has gone back to the bank, or the mortgage company, after an unsuccessful foreclosure auction. For your clients, there are certain advantages to purchasing an REO property. Unlike foreclosures, the property can be inspected prior to the purchase and your clients can buy on their own schedule. Also, foreclosed property can be in a deplorable condition but bank-owned property is typically restored to a salable condition. Appliances are often included with an REO purchase. And all liens against the property or any unpaid taxes or fees are settled once the property becomes an REO.

Before an offer is submitted on an REO property, there are some questions you should have answered. Namely, you need to find out how the property got to where it is? Is it as simple as the previous owners were in over their head or is something wrong with the property? Also, ask if there are any inspection reports and whether the bank is willing to make any repairs.

When it comes time to submit an offer, encourage your clients to keep it simple and reasonable. Request an appraisal. REOs are generally sold “as is” but any offer should include an inspection contingency period. This allows your client to terminate the sale if unforeseen problems are reveled after the inspection.

If you have clients interested in REO properties, give me a call today. We have considerable experience in the REO property marketplace. We see the entire picture and place our focus on the details that are necessary to assist the borrower and the selling agent in placing an offer on an REO property. Some things we specialize include:

• Assessing the properties condition in order to be financed
   
• Determining the value of the property to be able to meet the lenders guidelines
   
• Articulating concessions that might be asked from a seller to be paid on behalf of the borrower

Call me today for more information about buying an REO property!

Click here to visit my website and apply online:
 www.metrocitiesmtg.com