Weekly 8-27-13

Illinois REALTOR® Weekly Connection

Eight Days Left for IAR Fall Conference & Expo Early-Bird Rate 

Don't miss out on this great deal. IAR members pay just $125 when they register bySept. 4 for the IAR Fall Conference & Expo in St. Charles, Oct. 1-3. You get up to six hours of CE with instructors Chris Bird and Bruce Aydt, a business expo and more great sessions. 

  • This year's theme is the Power of R and you can help show the power of the REALTOR® familyby posting photos of you and/or your office on social media with the #PowerofR hashtag. Learn more.
  • Need another reason to attend the IAR Fall Conference & Expo? REALTOR® Bob Dohn, of Coldwell Banker Residential in Schaumburg, has a few: "The IAR Fall Conference is the best value event of the year. I always leave with great ideas and renewed enthusiasm. And the networking opportunities are excellent."

Governor Signs Changes to Real Estate License Act into Law

On Friday, Gov. Pat Quinn signed SB 1655 which clarifies and cleans up portions of the Real Estate License Act, including a provision allowing a person holding a managing broker's license to "step back" to a broker's license. IAR is working with officials from the Illinois Department of Financial and Professional Regulation (IDFPR) to provide more guidance for members related to this license law clarification. Stay tuned.

IAR Member Benefit: Save 25 Percent on Verizon Wireless Accessories

Before the new Illinois law banning hand-held cell phones while driving takes effect on Jan. 1, 2014, IAR members can take advantage of a special discount being offered through IAR and Verizon. Click here to log in to the IAR/Verizon accessory site and save. User name is IARMEMBERPROFILE1 and the password is YG62y60f.

NAR: GSEs Announce Short Sale Changes

Fannie Mae announced updates to its automated underwriting standards to fix problems with credit reporting of short sales,NAR reports.

Mortgage Fraud Cases Fell Last Year

Cases of mortgage fraud fell 25 percent in 2012 and marked the first drop since 2002. Read more from NAR.

Let's Talk Real Estate with U.S. Rep. Bill Enyart on Thursday

There's still time to RSVP for this week's meeting with Congressman Bill Enyart in Fairview Heights. Area REALTORS® will get the opportunity to meet with Enyart and discuss the real estate industry and legislative issues. The meetings are part of an IAR ongoing series of sessions with Illinois congressional representatives called, "Let's Talk Real Estate with Members of Congress." Follow coverage of the regional meetings on the IARbuzz blog.

Illinois REALTORS® Speak Out Against Cook County Watershed Management Ordinance

IAR Governmental Affairs staff is partnering with other trade associations to monitor a watershed management ordinance being considered by the Metropolitan Water Reclamation District of Greater Chicago. IARbuzz blog has the details.

Legal Issues

Download the Latest IAR Legal Webinar on Disclosures, Fair Housing and More

If you missed last week's webinar, "Disclosures...Revisted: Plus Updates on Cook County Fair Housing Ordinance, etc," you can now download a recording of it (login required). IAR Legal Counsel Steve Bochenek and Legal Hotline Attorney Betsy Urbance discussed the Cook County Section 8 ordinance and disclosures required in the real estate transaction and the broker's role in each (e.g., lead paint, radon, seller disclosure,disclosure of latent material defects, disclosure of stigmas related to the property).  

Double-Digit Gains for Illinois Home Sales and Prices in July 

Illinois home sales surged 28.5 percent over previous year levels in July and the statewide median price rose 14.2 percent, providing evidence of a strong summer housing market, according to IAR's latest report. As an IAR member you have exclusive access to county-by-county data, market talking points and more. Log in to Members Only IAR MarketStats. Nationally, existing U.S. home sales in July were 17.2 percent higher than a year ago, NAR reports

IRS: Ten Tax Tips for Individuals Selling Their Home

Did you know if you sell your home at a gain, you may be able to exclude part or all of the profit from your income? Share these 10 IRS tax tips for home sellers.

More Tech Solutions at the YPN "Unconference"

Get valuable tips on how to make the most of your mobile devices and social networks by attending the half-day REbarcamp on Oct. 1, powered by the Illinois Young Professionals Network (YPN). Registration is free. See who's coming and reserve your ticket to the event.

Connect with IAR Through Social Media 

Follow the new official IAR Company page on LinkedIn and join the IAR Discussion Group. And don't forget to like IAR onFacebook and follow us on Twitter.

Events

August

Let's Talk Real Estate with Members of Congress
RSVP and find a list of upcoming meetings

September 30

Golf outing to benefit the Illinois Real Estate Educational Foundation (REEF), St. Charles

Sept. 30-Oct. 2

IAR Business Meetings, St. Charles

October 1

REbarcamp 2013 powered by Illinois YPN, St. Charles
1:00 - 4:30 p.m. | 4:30 - 5:30 p.m. After Party

Commercial Session: How to use the REALTORS Property Resource (RPR), and Valuing Leasehold Improvements, St. Charles 
2:00 - 5:00 p.m.

October 1-3

IAR Fall Conference & Expo "The Power of R," St. Charles
Early bird registration deadline: Sept. 4

December 2-4

Graduate REALTOR® Institute (GRI) Course II and III, Itasca

December 4-5

Graduate REALTOR® Institute (GRI) Grad Course, Itasca

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August 27, 2013