Illinois Association of Realtors

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Illinois REALTOR® Weekly Connection

News and resources for Illinois REALTORS®

October 23, 2012

Market Stats and Research

Illinois Home Sales Climb 15.9 Percent in September
Illinois sales and median prices showed gains in September, acccording to the latest IAR housing report. Illinois home sales totaled 10,689, a 15.9 percent increase compared to a year ago while the statewide median price increased  2.2 percent to $139,000. Said IAR President Michael D. Oldenettel: “If there is a headline from the first nine months of 2012, it is one of continued market stabilization. The prices, interest rates and consumers’ feelings about the economy are fueling improvements in the housing market.”

IAR members can access county-by-county statistics, talking points and a housing forecast by logging into the Members Only Market Stats section of the IAR website. Also download IAR's latest infographic.

September Home Sales in the News
Below are some of the headlines following last week's release of the September IAR housing report:

Legal Issues

Heard it on the IAR Legal Hotline
Download a recording of the Oct. 18 IAR Legal Webinar, "Heard it on the Hotline," to hear IAR Chief Legal Counsel Steve Bochenek and Legal Hotline Attorney Betsy Urbance talk about recent questions to the legal hotline including property management and rental questions, license law, contracts and more. Webinars are a members-only benefit so you will need to log in to download.

Legislative & Advocacy

Early Voting Under Way in Illinois
The window for voting in advance of the Nov. 6 General Election runs until Nov. 3 in Illinois. Click here to find an early voting center near you. Find election information, deadlines and more from IAR.  

REALTORS® Comment on Proposed Seller Financing Rules
NAR President Moe Veissi submitted comments to the Consumer Financial Protection Bureau (CFPB) calling for changes to proposed seller financing rules, NAR reports. Read more from NAR including a copy of the comment letter.

Sales and Marketing

Controlling Email Overload
What are your tips/tricks for keeping the steady stream of emails under control? Do you diligently organize emails into subject folders, limit the amount of time you handle each email or use filters to flag those of high priority and weed out the spam? Share your ideas by sending an email to

IHDA SmartMove Rates Now at 3 Percent
Remind your buyers of Illinois' SmartMove mortgage program which helps qualified borrowers move into homeownership with low-interest loans and downpayment assistance. 

Don't Let Your Sellers Make These Showing Mistakes
REALTOR® Magazine highlights the top 10 mistakes sellers can make when showing their home including lingering around while potential buyers view the home and leaving too much personal information out in plain sight. Read the full article along with a Hall of Fame list of showing offenses from NAR's Styled, Staged and Sold blog.

Education & Training

Have You Hit a Wall in Your Real Estate Production?
Join Coach Patti - success strategist, motivational expert and attitude adjuster - this fall at GRI Grad! Patti Kouri, GRI, is a master coach and president and CEO of Accelerated Performance Coaching Inc. Participants also get six hours of CE and the course, "Tax Armageddon: Get ready for the 2013 Fiscal Cliff" with tax expert Chris Bird. Register by Oct. 31 for the best rate

New! 15-hour Interactive Broker Pre-License Course at 6 Locations - Oct. 30-31
Know someone pursuing a real estate career in Illinois? The IAR Licensing and Training Center is sponsoring a two-day broker pre-license interactive course in six locations: live in Springfield and via video-conference in Arlington Heights, Downers Grove, Glen Carbon, Northbrook and Peoria. This 15-hour course plus the IAR 75-hour Broker Pre-License course combine for a high quality, affordable option to complete the 90 hours of training required for the Illinois real estate broker license. 

Top Education Picks for Illinois REALTORS®
IAR is your source for convenient education options including three new online CE courses beginning Nov. 1 from IAR's online partner Hondros Learning. Download this flyer (pdf) and learn more about IAR's course offerings.


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 9-12
There's still time to register for 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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