Class Schedule

CE/PL 1031 Tax Exchanges 6:00pm - 10:00pm EDT DAAR Training Room	Mon Mar 15
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Real Estate Contracts 9:00am - 10:00am EDT Leesburg Office	Wed Mar 17
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Real Estate Law & Legal Update 10:00am - 11:00am EDT Leesburg Office	Wed Mar 17
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Fair Housing 11:00am - 1:00pm EDT Leesburg Office	Wed Mar 17
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Real Estate Agency 1:30pm - 2:30pm EDT Leesburg Office	Wed Mar 17
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Ethics & Standards of Conduct 2:30pm - 5:30pm EDT Leesburg Office	Wed Mar 17
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ABR CORE COURSE- DAy 1 9:00am - 5:00pm EDT Training Room	Thu Mar 18
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ABR CORE COURSE DAY 2 9:00am - 5:00pm EDT Training Room	Fri Mar 19
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45 hr. Broker Appraisal Course 9:00am - 5:00pm EDT Leesburg Office	Mon Mar 22
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PL -3 hrs- Real Estate Agency 6:00pm - 9:00pm EDT Leesburg Office	Mon Mar 22
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CE - 3 hrs- Intro to Contracts 6:00pm - 9:00pm EDT Leesburg Office	Tue Mar 23
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PL - 3 hrs - Offer to Purchase 6:00pm - 9:00pm EDT Leesburg Office	Tue Mar 23
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CE/PL - Financing 9:00am - 1:00pm EDT DAAR Training Room	Thu Mar 25
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Events

Honor Society Receptio 5:00pm - 7:00pm EDT DAAR Lounge	Wed Mar 24
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Special Meeting: Limestone Overlay District 10:00am - 12:00pm EDT Leesburg Office	Wed Apr 21
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Rebuilding Together 9:30am - 5:30pm EDT Washington Street, Leesburg	Sat Apr 24
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Networking Matters 4:00pm - 6:00pm EDT DAAR Lounge	Thu May 6
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Committee Meetings

Awards 10:00am - 11:30am EDT DAAR Board Room	Wed Mar 17
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Board of Directors 9:20am - 12:00pm EDT DAAR Board Room	Thu Mar 18
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Special Days & Holidays

Daylight Saving Time Begins 9:30am - 5:30pm EDT	Sun Mar 14
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St. Patrick's Day 9:30am - 5:30pm EDT	Wed Mar 17
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April Fool's Day 9:30am - 5:30pm EDT	Thu Apr 1
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Easter 9:30am - 5:30pm EDT	Sun Apr 4
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First-Time Homebuyer Tax Credit Now Available for Closing

May 29, 2009 comment now

Detailed guidance on the federal government's plan to provide short-term loans to borrowers using the First-Time Homebuyer Tax Credit was announced this week. The short-term loan program, which would effectively monetize the first-time homebuyer tax credit by permitting eligible lenders to make bridge loans collateralized by the borrower's expected tax credit, was announced by HUD Secretary Shaun Donovan at the NAR Real Estate Summit earlier in the month.

At the summit, Donovan said the loans would enable Federal Housing Administration (FHA) consumers to access the tax credit funds when they close on their home loans so that the cash could be used as a down payment.
For more information, read the HUD Mortgagee Letter 2009-15 that details how FHA will permit its lenders to provide a short-term bridge loan that will let qualified home buyers use the tax credit to either make a larger down payment above the FHA required 3.5 percent, cover closing costs, or buy down their interest rate.

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