Weekly 12-30-13

Illinois REALTOR® Weekly Connection

IAR Wishes You a Happy and Prosperous 2014

Happy Holidays from the Illinois Association of REALTORS®! The IAR office will be closed Dec. 31 and Jan. 1 in observance of the New Year's holiday and the IAR Legal Hotline will be closed through Jan. 3 and will reopen on Monday, Jan. 6.

New Driving Laws of Note for 2014

Beginning Wednesday, Jan. 1, it will be illegal to use hand-held cell phones while driving in Illinois. IAR members cansave 25 percent on select Verizon accessories, including Bluetooth. Username is IARMEMBER and the password is IARBENEFIT1. What other rules of the road and new driving-related laws do you need to know?  IAR's Assistant Director of Legislative and Political Affairs Julie Sullivan covers what you need to know before you get on the road to go in 2014 in her latest "At the Capitol" column.

U.S. Pending Home Sales Up in November

The Pending Home Sales Index rose 0.2 percent in November compared to a month before, but was down 1.6 percent year-over-year, NAR reported today. NAR Chief Economist Lawrence Yun said while the market appears to be flattening, the housing market finished the "year as a whole with the best sales total in seven years." Watch a new video from Yun.

FHA Offers Extension on Loan Limit Appeals

The Federal Housing Administration is offering a 25-day extension for communities to appeal high-cost area loan limits, NAR reports. The new deadline for appeals is Jan. 31, 2014Read more.

Still Time to Help Illinois Tornado Victims This Holiday

One way you can give back and make a difference is by making a donation to help the victims of the November tornadoes. IAR has partnered with two organizations to accept donations. Click below to donate.




Ramp Up Your Referral System in 2014

Make your referral system really work for you in the new year. In the Illinois REALTOR® article, "8 Ways to Ramp Up Your Referral System," industry experts share their tips including, using business groups to build your network and creating a 35-touch point system.

Study: The Impact of Home Staging 

Home staging may help with creating good first impressions of a home but it might not impact the ultimate price that buyers are willing to pay, according to a new study by the College of William and Mary. Read more from NAR.

KCM Blog: Luxury Market Upswing

new infographic from Keeping Current Matters shows the uptick in luxury home sales in different regions of the country, including the Midwest, which has seen a 36.4 percent annual increase. Illinois REALTORS® share their tips for working with luxury buyers and sellers in the Illinois REALTOR® article, "Serving the Luxury Market."

1,000 Points of Light Ambassador Campaign

Become one of 1,000 RPAC Ambassadors in 2014 and help protect your industry and private property rights. The deadline to sign up isMarch 31, 2014Click hereto find program details, pledge cards and an acceptance letter.(Disclaimer: The Illinois REALTORS® Political Action Committee (RPAC) solicits contributions from IAR members only.) 

2014 Broker Renewal: Managing Broker Reverting Back to Broker. How Does 2014 Broker Renewal Affect Me?

By April 30, 2014, Illinois Broker licensees must have completed the CE requirements and applied to renew their license through IDFPR. IAR's Licensing & Training Center has created a Q&A and checklist to help you get ready. This week's question:

  • Q: I'm currently a managing broker but want to revert to a broker license. How does the 2014 broker renewal affect me? A: 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 to www.illinoisrealtor.org/2014brokerrenewal.


January 7

Professional Standards Workshop, Springfield

January 8

Professional Standards Workshop, Oakbrook Terrace

January 15-16

IAR Licensing & Training Center Webinar: Broker Pre-License Applied Real Estate Principles with Annette Akey

January 20-23

IAR Public Policy Meetings, East Peoria

January 29

Gov. Pat Quinn's State of the State Address