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Morning Minute: NAR report shows more residential properties sold to international buyers

IARbuzz.com Blog - Thu, 07/07/2016 - 11:20am
Foreign buyers purchased 3 percent more residential properties from April 2015 to March 2016 than they did during the previous 12 months, according to a report released yesterday by the National Association of REALTORS® Research Department. During that 12-month period, … Continue reading →

July cover story reflects history of Illinois REALTORS®’ professional development

IARbuzz.com Blog - Thu, 07/07/2016 - 8:00am
Did you realize the Illinois REALTORS® have a long history of advocating for real estate professionalism? Learn more in the cover story of the July issue of Illinois REALTOR®. “Advances in professional development” recounts the history of the Licensing and Training … Continue reading →

DR Legal News: HUD criminal background checks and legal case studies

IARbuzz.com Blog - Wed, 07/06/2016 - 5:03pm
The July edition of DR Legal News is out, and this edition has a legal review of HUD guidelines for using criminal background checks for tenants; five legal case studies; and successes by the local GAD team in fighting proposed … Continue reading →

Illinois REALTORS® bring discussion to Polish representative

IARbuzz.com Blog - Wed, 07/06/2016 - 2:32pm
The Illinois REALTOR® Consulate General Liaison to Poland, Don Pasek, and Global staff liaison Sharon Gorrell met with Robert Rusiecki, Consul to the Republic of Poland last week to discuss the new Consulate General Liaison Program (CGLP). The CGLP was introduced … Continue reading →

Morning Minute: Twitter and arbitration affect REALTOR® Code of Ethics

IARbuzz.com Blog - Wed, 07/06/2016 - 12:38pm
Illinois REALTORS® should be aware of the way arbitration and social media have influenced changes in the REALTORS® Code of Ethics. The article “Three ethics changes you need to know about,” Realtor.com (via REALTOR® Magazine’s Daily Real Estate News) explains … Continue reading →

Boy Scout volunteer one of many important roles for Krettler

IARbuzz.com Blog - Mon, 07/04/2016 - 7:30am
As a successful Illinois REALTOR®, a longtime Boy Scout volunteer, part-time television actor, former Barrington school board member and member of the Hoffman Estates Planning and Zoning Commission, Tom Krettler could be considered a modern-day Renaissance man. Add in the … Continue reading →

REALTORS, remember positives of Illinois in face of fiscal hurdles

IARbuzz.com Blog - Sat, 07/02/2016 - 1:43pm
When investors look at our state, they may not like the government’s fiscal situation, but they will like its status as a desgnated trade zone, so make sure you remind them. That’s the message that was conveyed to the Commercial … Continue reading →

Illinois REALTORS® offices closed Monday, July 4

IARbuzz.com Blog - Fri, 07/01/2016 - 4:30pm
The Illinois REALTORS® wishes you a safe and happy Independence Day holiday. The Illinois REALTORS® office, Legal Hotline and Transaction Helpline will be closed Monday, July 4, in observance of the holiday. All will reopen on Tuesday, July 5.  

Illinois REALTORS®, make sure you read today’s State Capitol Report

IARbuzz.com Blog - Fri, 07/01/2016 - 2:28pm
The General Assembly was in session Wednesday and Thursday this week, concluding with passage of an agreed budget package which will provide a stopgap budget to the end of the calendar year. The General Assembly also approved SB 2562, an … Continue reading →

Morning Minute: Six big housing challenges in 2016

IARbuzz.com Blog - Fri, 07/01/2016 - 9:54am
To keep U.S. housing moving in a positive direction during the second half of 2016 and beyond, Chicago Agent Magazine cites six obstacles to overcome. Citing a U.S. housing report by the Joint Center for Housing Studies of Harvard University, those … Continue reading →

July magazine: Since 1970, REEF helped 900+ Illinois REALTORS® learn

IARbuzz.com Blog - Thu, 06/30/2016 - 2:00pm
The Illinois Real Estate Educational Foundation (REEF) has facilitated more than 900 scholarships or grants in the last 45 years to Illinois REALTORS® and family members. The total value of those awards, according to an article in the July issue … Continue reading →

Leasing Agent License Renewal period ends July 31, 2016

IARbuzz.com Blog - Thu, 06/30/2016 - 9:43am
Leasing Agents must renew their licenses by July 31, 2016. The requirements for renewal include: completion of 6 hours of CE (relevant to leasing residential real property and covering recent changes in the Real Estate Licensing Act) payment of the $100 … Continue reading →

Morning Minute: Mortgage rates hit new lows for the year, Freddie Mac reports

IARbuzz.com Blog - Thu, 06/30/2016 - 9:26am
After the Brexit vote, fixed mortgage rates in the U.S. dropped to the lowest levels so far this year, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 3.48 percent this week while the 15-year, fixed-rate averaged 2.78 percent. Read … Continue reading →

IRRF accepting applications to help tornado victims

IARbuzz.com Blog - Thu, 06/30/2016 - 8:35am
The Illinois REALTORS® Relief Foundation is taking applications to assist those hard hit by a spate of tornados which swept through the state in June. The foundation, which is the charitable arm of Illinois REALTORS® provides assistance to disaster victims. … Continue reading →

Lawmakers return, but will there be a budget?

IARbuzz.com Blog - Wed, 06/29/2016 - 2:10pm
Numerous bills were focus of Illinois REALTORS® lobbyists in spring session  Illinois’ General Assembly will be back in Springfield for a session which begins today. As they return, Illinois REALTORS® Springfield lobbying team is ready to make sure that nothing … Continue reading →

Morning Minute: Brexit brings lower mortgage rates in U.S.

IARbuzz.com Blog - Wed, 06/29/2016 - 9:09am
One outcome of Britain’s vote to leave the European Union last week has been lower mortgage interest rates here in the U.S., realtor.com reports. In the blog post, “Thanks, Brexit! Well-Qualified U.S. Buyers Reap a Windfall,” realtor.com Chief  Economist Jonathan … Continue reading →

Illinois REALTORS® — Show us your flag and your spirit!

IARbuzz.com Blog - Tue, 06/28/2016 - 3:54pm
With Memorial Day and Flag Day already behind us, do you have any photos with the American flag like local Governmental Affairs Director Howard Handler and his daughter Eloise? Have you decorated your office red, white and blue or do … Continue reading →

Morning Minute: New low down payment program for Chicago homebuyers

IARbuzz.com Blog - Tue, 06/28/2016 - 10:12am
Qualifying Chicago homebuyers will be able to take advantage of a mortgage loan program with a 1 percent down payment being offered through a partnership of Guaranteed Rate, the city of Chicago and Chicago Infrastructure Trust. The Chicago Home Buyer … Continue reading →

NAR provides guidance on new HUD rule related to criminal history screening for rental applicants

IARbuzz.com Blog - Tue, 06/28/2016 - 8:45am
For a better understanding of the policies and procedures landlords can safely use to check the criminal history of housing applicants, the National Association of REALTORS® offers a list of recommended ideas based on information supplied by the U.S. Department … Continue reading →

Illinois REALTORS® learn about an important asset

IARbuzz.com Blog - Mon, 06/27/2016 - 2:38pm
Dennis Wilmsmeyer, the Executive Director of America’s Central Port, reminded a group of Illinois REALTORS® of the state’s benefits to domestic and foreign investors, including its status as a designated trade zone. Wilmsmeyer made his remarks to the Commercial and Industrial Committee … Continue reading →