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Updated: 15 hours 1 min ago

DR Legal News: Communication key to TRID-governed transactions

Fri, 11/06/2015 - 4:00pm
Brokers need to communicate early and often with buyers and sellers and work closely with buyers’ lenders, especially when it comes to TRID-governed transactions, writes Jeffrey T. Baker, IAR Transaction Hotline Attorney, in the November edition of D.R. Legal News … Continue reading →

G-Fees bundled into highway bill removed in House amendment vote

Fri, 11/06/2015 - 9:10am
On Thursday, the U.S. House of Representatives voted overwhelmingly to approve an amendment which calls for removal of the so-called “G-Fee” from a highway funding bill. The G-Fees, actually GSE guarantee fees, are charged by Freddie Mac and Fannie Mae … Continue reading →

IAR shares advocacy ideas with real estate delegation from Warsaw, Poland

Thu, 11/05/2015 - 10:51am
IAR President Mike Drews and Global Business Council Staff Liaison Sharon Gorrell participated in a forum hosted by the Chicago Association of Realtors on behalf of the Warsaw Real Estate Brokers Association. A highlight of the IAR presentation was explaining … Continue reading →

Morning Minute: NAR breaks down the benefits of home staging

Thu, 11/05/2015 - 9:32am
Did you know that 81 percent of home buyers say a staged home makes it easier to visualize the property as a potential home? Or that staged homes can bring higher offers from buyers? Click on the image below to … Continue reading →

REALTORS Relief Foundation launches aid campaign for Watseka

Wed, 11/04/2015 - 2:11pm
The Illinois REALTORS® Relief Foundation has set up a crowdfunding effort to help those affected by the July floods that inundated the small community of Watseka. The IRRF, which is the non-profit disaster relief arm of the Illinois Association of REALTORS®, … Continue reading →

Morning Minute: Could this winter be a hot time to list your home?

Wed, 11/04/2015 - 9:32am
A recent Time article, “Why It Pays to List Your Home in Winter,” outlines some of the benefits of listing your home for sale in the winter months, including more motivated buyers who may be more willing to pay asking … Continue reading →

Local REALTOR® associations charging toward RPAC goal

Tue, 11/03/2015 - 3:59pm
Thank you to the Heartland REALTOR® Organization for raising over $7,600 for RPAC in its recent RPAC raffle, and to the Kanakee Iroquois Ford Association of REALTORS® for a successful phone-a-thon. Local associations across the state are working hard to … Continue reading →

Six IAR members will share NAR San Diego experiences in real time

Tue, 11/03/2015 - 9:00am
Even if you aren’t able to attend the National Association of REALTORS® Convention & Expo in San Diego Nov. 13-16, six IAR members have volunteered to report on their experiences. Carrie Bey-Little, Matt Difanis, Shay Hata, Marki Lemons Ryhal, Alex … Continue reading →

Fraud alert: Scammers using hacked email accounts to hijack wire transfers

Mon, 11/02/2015 - 1:15pm
Illinois REALTORS® and their clients are being victimized by sophisticated wire fraud schemes rooted in hacked email accounts. Example: Hackers who have already gained access to email accounts of sellers, buyers, real estate brokers or attorneys watch messages for words … Continue reading →

Register now for 1031 tax deferred exchange webinar

Fri, 10/30/2015 - 9:54am
Commercial REALTORS®, take note: the Certified Commercial Investment Member Institute (CCIM) is offering a new webinar from 2 to 4 p.m. CDT, Thursday, Nov. 5: 1031 Tax Deferred Exchange. This advanced course provides a concise and thorough overview of Internal … Continue reading →

Short-term rental bans become growing issue for local associations

Thu, 10/29/2015 - 11:41am
With a growing number of communities seeking to ban or limit short-term property rentals for services like Airbnb or Vacation Rentals By Owner (VRBO), local associations and their government affairs directors are working harder to stay on top of these … Continue reading →

Morning Minute: Pending home sales slow in September, but still higher than a year ago

Thu, 10/29/2015 - 9:50am
September pending home sales slowed compared to last month, but still remain 3 percent higher than September 2014, the National Association of REALTORS® (NAR) reported today.NAR’s Pending Home Sales Index tracks contract signings. NAR Chief Economist Lawrence Yun said lower … Continue reading →

Morning Minute: Homeownership rate heads slightly higher

Wed, 10/28/2015 - 8:41am
For the first time in two years, the U.S. homeownership has increased, HousingWire reports. According to data from the Department of Commerce and the U.S. Census Bureau, the homeownership rate was 63.7 percent in the third quarter of 2015, up … Continue reading →

Wilcox to speak at Xplode Conference Nov. 4

Tue, 10/27/2015 - 10:30am
Make sure you attend the Nov. 4 Xplode Conference in Hoffman Estates if you’d like to hear from Ginger Wilcox, Sindeo’s chief industry officer, and a dozen other real estate experts. Formerly with Trulia, in 2015, Wilcox was honored as … Continue reading →

Morning Minute: Despite slower economy, housing expected to expand, Yun says

Tue, 10/27/2015 - 8:42am
The U.S. economy may have slowed a little in recent months, but the housing market is expected to remain positive, says Lawrence Yun, chief economist for the National Association of REALTORS®. In his most recent commentary for Forbes, Yun said … Continue reading →

Morning Minute: Positive signs from the fall housing market

Mon, 10/26/2015 - 8:47am
September home sales climbed higher in both Illinois and the U.S., marking a strong start to the fall housing market. In a recent post, “Fall Home Sales Rebound: 5 Stats to Know,” the National Association of REALTORS® (NAR) highlights five facts for … Continue reading →

Illinois REALTOR® Silvano honored as AREAA national chairwoman

Mon, 10/26/2015 - 8:11am
The 2015 Asian Real Estate Association of America wrapped up its convention in San Francisco over the weekend, but not before celebrating the installation of Illinois REALTOR® Vicky Silvano as the association’s national chairwoman. Silvano, a broker at Century 21 SGR in … Continue reading →

Legal Services busts myths and shares facts in ‘TRID Revisited’

Fri, 10/23/2015 - 4:29pm
REALTORS® are mistaken if they believe almost any circumstance will reset the three-day rule for giving Closing Disclosures to buyers before closings, says the IAR Legal Services Team. In fact, during Thursday’s IAR Legal Webinar, “TRID Revisited,” IAR Hotline Attorney … Continue reading →

Morning Minute: Rising rents expected to keep climbing

Fri, 10/23/2015 - 10:09am
It’s getting more expensive to be a renter. Apartment rental costs jumped last year and have continued upward in 2015 too. In fact, according to the apartment research firm Axiometrics, annual rental growth in September rose to 5.2 percent, a … Continue reading →