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News & Announcements

GCAAR DC Condo Form Updates
DC has updated their laws related to condominiums. Two sections of GCAAR's Form #921, "Condominium Seller Disclosure/Resale Addendum for the District are Columbia," have been amended to reflect the changes. The updated Form #921, along with an explanation of the changes, are available here.

Inclement Weather Policy
If Montgomery County schools are closed, all GCAAR classes are cancelled. If the schools are on a delayed opening schedule, morning classes will begin at 10:00 a.m. GCAAR will gladly refund your registration fee if you are unable to attend a a class or event due to extreme weather conditions. If you are concerned a class or event might be cancelled, please call (301)
 590-2000 for any updates.

Real Advocacy for REALTORS®: GCAAR's Legislative Breakfast March 9; Proposed Amendments to Housing Code Regulations
GCAAR's Legislative Breakfast is your chance to make your voice heard regarding public policy; learn about proposed amendments to DC housing code regulations...read this and more in Real Advocacy for REALTORS®, GCAAR's public policy brief.

GCAAR In-Store Sale - Staked Signs 50% Off
All Staked Signs are 50% off until February 28, 2015 (while supplies last). Stop by either office location to get them for only $4.75, plus sales tax! If you can't make it during the week, stop by our Rockville office on Saturdays between 10:00 a.m. and 3:00 p.m. (excluding holiday weekends).  

New Security Interest Rate Calculator
As of January 1, 2015, Maryland State law has lowered the security deposit interest rate required to be returned to renters from 3% to 1.5% or a rate equal to the US Treasury Daily Yield Curve Rate (whichever is higher).

The Maryland Department of Housing and Community Development has now made a Security Interest Rate Calculator, along with useful practice guidance, available on their website here. Please note, this interest rate calculation only applies to residential tenancies with a tenancy start date on or after, January 1, 2015.  

Prevent SentriCard® Service Interruption. 
GCAAR would like to remind brokers and agents to not provide your SentriCard® or PIN number to another agent, assistant, family member, prospective buyer, etc. If a customer service representative becomes aware that your card is in possession of an "invalid cardholder", your SentriCard® will be terminated, immediately. Your card will not be reactivated until you visit a GCAAR office with a valid photo ID. View SentriLock rules and regulations 


Valuable Resources

November/December 2014 Issue of Capital Area REALTOR® magazine


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Home Sales Statistics 
January 2015

Washington, DC
Condo Coop | Single Family 

Montgomery County
Condo Coop | Single Family  

View Press Release