Weekly 7-16-13

Illinois REALTOR® Weekly Connection

Let's Talk Real Estate with Members of Congress

IAR is holding a series of "Let's Talk Real Estate" events with Illinois' Congressional delegation this summer and fall. Yes, going to Washington, D.C., is important however meeting lawmakers in your home district can have a tremendous impact on issues important to private property owners and the real estate industry. Each two-hour program includes a breakfast or lunch, a presentation by the member of Congress, time for Q&A and networking. RSVP today!

IAR Call for Action: Say "No" to Mandatory Fire Sprinklers!

Send the message to a state legislative panel that Illinois REALTORS® oppose a statewide fire sprinkler mandate in all newly constructed homes and retrofitting requirements in high-rise buildings. Such a mandate would drive up housing costs and take away what should be a homeowner's choice.Take Action Now!

Tax Reform Should Do No Harm

NAR has also issued a Call for Action, urging U.S. Senators to make sure that tax code provisions encouraging real estate ownership and investment remain priorities as they look toward making tax reforms. Take Action Now.

IAR Legal Webinar: Get Your Legal Questions Answered Thursday

There is still time to register for a FREE, one-hour IAR Legal Webinar at 9:30 a.m., July 18. Join IAR Chief Legal Counsel Steve Bochenek and Legal Hotline Attorney Betsy Urbance as they answer your questions covering issues important to you. Register here.

Hot Topic: Real Estate Brokers and Credit Reports

In certain rental markets, it may be common for real estate brokerage licensees to find tenant applicants for their landlord clients. Landlords and sometimes their real estate broker will evaluate the suitability of these applicants based upon credit reports prepared by a Consumer Reporting Agency (CRA). While landlords may obtain such reports directly from a CRA, in some situations the real estate broker obtains the credit reports from the CRA and provides the reports to the landlord. Real estate brokers acting as agents for landlords need to better understand the legal restrictions on their accessing, using and disclosing such credit reports. Read more

Industry News & Trends

IAR Wants to Hear From You

The Illinois Association of REALTORS® is preparing to redesign its website and wants your feedback. IAR is surveying randomly-selected members this week to learn more about why you come to our site and how you think we can improve it. If you receive the email survey, please complete it and you will have a chance to win a $50 Amazon gift card. 

U.S. Housing Inventories on the Rise

Rising prices may be prompting homeowners to put their homes on the market as inventory in June rose to its highest level in the past year, according to realtor.com data

Three Illinois Cities Make List of Improving Markets

Chicago, Champaign and Peoria were among the National Association of Home Builders' list of improving U.S. metro areas in July. 

Fewer Mortgage Delinquencies on the Horizon?

Professional risk managers are expecting delinquencies to drop in the second half of 2013 as the housing market stabilizes, according to a new FICO survey. Read more from HousingWire.

Younger Homebuyers Most Optimistic About Home Purchase

Millennials are more confident than other age groups that their home purchase was a good financial investment, according to the 2013 National Association REALTORS® Home Buyer and Seller Generational Trends study. Other trends: Older buyers prefer newer homes and millennial buyers are the most willing to make compromises with their purchase.

Learn the Steps to Building Greater Business Value

Register now for the July 31 IAR Lunch & Learn Webinar with trainer John Reyes, who will share tips for taking your business to new heights in this FREE webinar for IAR members. Reyes is a keynote presenter at the IAR Fall Conference & Expo in St. Charles, Oct. 1-3.

Complete the Licensing Courses You Need Without Leaving Home

If you want the convenience of learning at your home or office yet want the interactive experience of a webinar, check out IAR Licensing & Training Center's interactive licensing webinars and register online.

Three Tips for Improving Listing Videos

If you use video to market your listings, some quick tips, including using a script rather than improvising, can improve the look of your videos. Read more from NAR.

Learn More About Leasehold Agreements, RPR with IAR Commercial Session This Fall

If you are a commercial REALTOR® or are considering it, attend IAR's Commercial SessionOct. 1, in St. Charles. Illinois REALTOR® Chuck Wiercinski will lead a session on valuing leasehold improvements while Emily Line will offer tips and guidance on using Realtors Property Resource (RPR) Commercial. Download a registration form.

NAR 2013 Commercial Member Profile

Get a clearer picture on the demographic characteristics and business practices of today's commercial REALTOR® withNAR's latest report.


September 30

REEF Golf Outing in St. Charles. Plan on attending a golf outing to benefit the Illinois Real Estate Educational Foundation (REEF). Registration form (pdf) | Sponsorship form (pdf)

October 1-3

IAR Fall Conference & Expo in St. Charles. Click here for speaker details and save these dates for The Power of R, Oct. 1-3. Get the best rate by registering before the Sept. 4 early bird deadline.

December 2-5

Register now for the Graduate REALTOR® Institute in Itasca.Visit www.illinoisrealtor.org/GRI and register today. The program comes back to Chicagoland this December with Courses II, III and Grad. 

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