Illinois Association of Realtors

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Illinois REALTOR® Weekly Connection

News and resources for Illinois REALTORS®

November 5, 2012

Legislative & Advocacy

Get Out The REALTOR® Vote Tomorrow!
REALTORS® can make a difference in tomorrow's election. IAR lobbyists Greg St. Aubin and Julie Sullivan explain in this video what's being done to make sure private property rights are being preserved in Illinois and beyond. Find voter and polling place information

Illinois Constitutional Amendment on The Ballot
Illinois residents will be asked to vote on a proposed amendment to the Illinois Constitution requiring government bodies to have a three-fifths vote (instead of a simple majority) to increase benefits under any public pension or retirement system. The proposed amendment also would require a two-thirds vote for lawmakers to override a governor’s veto or to accept a governor’s changes in a rewrite of pension increase legislation. Read more at the IARbuzz blog.

NAR Call for Action: Keep Housing Recovery on Track
Take action now and tell Congress to extend the Mortgage Forgiveness Tax Relief that exempts homeowners from tax penalties on money a mortgage lender forgives as a result of a loan modification, short sale, or foreclosure, according to NAR. Going to NAR meetings in Orlando? The NAR booth will have computers for members to answer the Call to Action if you haven't already done so.

Industry News and Trends

REALTORS® Urged to Donate to Victims of Super Storm Sandy
REALTORS® from around the country are being asked  to donate to help the mid-Atlantic communities and  victims devastated by last week's storm. The REALTORS® Relief Foundation is accepting donations to provide housing-related assistance to victims of the disaster. Make a donation today.

Manny Flores appointed to lead IDFPR
Gov. Pat Quinn has picked Manuel (Manny) Flores to serve as Secretary of the Illinois Department of Financial and Professional Regulation (IDFPR). Flores most recently served as director for the Division of Banking at IDFPR.

Consumer Confidence Climbed in October
The Consumer Confidence Index rose to 72.2 in October, hitting the highest level in four years, due in part to an improving job market, according to the latest survey by The Conference Board.

Legal Issues

Nov. 16 IAR Legal Webinar: Legal Issues Potpourri
Join IAR Chief Legal Counsel Steve Bochenek and Legal Hotline Attorney Betsy Urbance for a one-hour legal webinar as they discuss emerging legal issues including new HAFA guidelines for short sales, recent cases and new escrow issues. The webinar begins at 9:30 a.m.

Questions About Managing Brokers, Advertising and the MLS?
In the November D.R. Legal News, IAR Chief Legal Counsel Steve Bochenek covers two hot legal topics: Managing broker advertising and brokerage agreements and copyrights. Read the full article

Disciplinary Action
Recent disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation (IDFPR). 

Market Stats and Research

RPR Now Available to All REALTORS®
As of Nov. 1, Realtors Property Resource® (RPR), is now open to all of NAR's 1 million members. Watch a short video from NAR on the national launch. RPR is a searchable, national database of properties around the U.S.


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.

November 26-29
Online registration is still available for the Illinois Graduate REALTOR® Institute (GRI) in Bloomington. See the excellent lineup of courses and instructors for Courses II and III and the Grad Course

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

January 14
Save the Date! IAR is sponsoring an Instructor Course Development Workshop on Jan. 14 at three locations including Springfield, Downers Grove and Arlington Heights. Online registration coming soon.

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