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Illinois REALTOR® Weekly Connection

News and resources for Illinois REALTORS®

October 30, 2012

Legislative & Advocacy

Election 2012: Make Your Voice Heard
The general election is Nov. 6 and this year’s contest gives you a chance to make sure candidates elected to political office are the ones who understand and support private property rights.

  • REALTORS® Vote. In a recent IAR LinkedIn poll, 94 percent of those responding said they will be voting on Nov. 6. Commented Rita Liberatore: "Definitely going to vote! The REALTOR® voice is huge."
  • Absentee Voting Deadlines Coming Soon. If you are casting an absentee ballot in this year's general election, remember that local election officials must receive your absentee ballot application by mail by Nov. 1. You can vote absentee in person until Nov. 5. Early voting runs through Nov. 3. Find voter information here.

GAD Battles: IAR Fighting Against Burdensome Inspections
With more governments trying to use overly burdensome inspection ordinances to drive up fee revenues and regulations, IAR's local Government Affairs Directors (GADs) are fighting for you all over Illinois to block such efforts. The latest GAD Battles infographic, and the fourth in a series, spotlights a win by REALTORS®  to stop a rental inspection ordinance in Belleville. Download this infographic and find others on key battles including fire sprinkler mandates, home rule and fees. 

FPCs Protecting the Real Estate Industry
IAR relies on Federal Political Coordinators (FPC) to help protect the real estate industry. Watch this video to meet some of them and learn why their role is vital.

Market Stats and Research

Pending Home Sales Rise Slightly in September
Pending home sales rose 0.3 percent in September compared to August, but were 14.5 percent higher than a year ago, according to NAR's latest Pending Home Sales Index.

Case-Shiller: Home Prices Continue to Rise
Nineteen of the 20 U.S. metro areas tracked by the S&P/Case-Shiller home price index saw monthly gains in August compared to July. Chicago was among those with monthly gains, but year-over-year saw a slight decline of 1.6 percent.

Remodeling Activity at 2005 Levels
More homeowners are remodeling and the National Association of Home Builders' (NAHB) Remodeling Market Index has climbed to the highest point since the third quarter of 2005. Read the NAHB release.

Industry News and Trends

IAR and Inland Real Estate Welcome Chinese Government Delegation
IAR representatives including President Michael D. Oldenettel and Inland Real Estate Corp. recently welcomed a visiting Chinese government delegation from Guangzhou to discuss Illinois commercial and residential real estate markets as well as land use and real estate practices in Illinois. Read more at the IARbuzz blog.

Zillow Lists Pre-Sale Foreclosure Data
The online real estate database is now including information on homes that are in foreclosure but have not yet been put on the market for sale, the Chicago Tribune reports

New Fannie/Freddie Short Sales Guidelines Effective Nov. 1
Guidelines aimed at streamlining short sales on Fannie Mae and Freddie Mac mortgages go into effect Thursday. One change to note: homeowners with eligible hardships will be able to sell in a short sale even if they are current on their mortgage. Download this release (pdf) for more details.

Education & Training

Are You a GRI? Oct. 31 Early-Bird Deadline for GRI Grad Nov. 28-29 in Bloomington
Just $204 gets you six hours of CE with instructors Bruce Aydt, Betsy Urbance and Steve Bochenek. Plus inspirational sessions will get you ready for 2013: "No More Wrong Turns...Calibrate Your Inner GPS to make 2013 your best year yet!" with Coach Patti Kouri and "Tax Armaggedon...are you ready for the 2013 Fiscal Cliff?" with tax expert Chris Bird. Register now

Don't wait! Register by Oct. 31 for GRI Course II & III
Each course includes six hours of CE, plus Course II qualifies for the NAR Quadrennial Ethics Requirement. You might already have Course I and can register today for Course II. Check these Course I Equivalency Options


October 31
Early-bird registration deadline is Oct. 31 for GRI Courses II, III and Grad in Bloomington, Nov. 26-29. See the excellent course/instructor line-up, plus NAR Ethics Requirement available in Course II AND all three (II, III and Grad) get you six hours of CE credit. 

November 1
YPNs talk "NextGen Marketing" with NAR's Nobu Hata Nov. 1 in Champaign. The Central Illinois Young Professional's Network will be hosting an event Nov. 1 at Cowboy Monkey in downtown Champaign. The event is free and all REALTORS® in the area are invited to attend. Join the Central Illinois YPN and Illinois YPN on Facebook for information on YPN events, updates and to network with other young professionals across the state.

November 9-12
Attend the REALTORS® Conference and Expo in Orlando. This year's NAR conference features 100 education sessions and a 400-exhibitor trade show.

December 31
The Code of Ethics quadrennial training cycle ends Dec. 31. Learn more about training requirements

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