Illinois Association of Realtors

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Illinois REALTOR® Weekly Connection

News and resources for Illinois REALTORS®

March 6, 2012

Industry News and Trends

REALTORS® Care: IAR Donates $25,000 for Harrisburg Tornado Relief
REALTORS® throughout the state are pitching in to help the victims of last week's deadly tornado in Harrisburg. The Illinois Association of REALTORS® donated $25,000 to the relief efforts and local associations are offering aid. Find out how you can help.

Governor Partners with IAR, REEF on March 26 Housing Conference
Gov. Pat Quinn will lead off an afternoon conference in Springfield devoted to exploring the state of homeownership in Illinois and developing strategies for the future. The first-ever housing conference will also feature panel discussions on the state of foreclosures and financial programs available to prospective buyers and distressed homeowners. Register now.

Stay for the IAR Capitol Conference on March 27
There is power in numbers. Help the REALTOR® voice be heard in Springfield by attending this year's annual Capitol Conference. Here's what some of your peers have to say about attending: "We can make a difference when we are unified as a group" and "Our RPAC dollars at work!" 

FHA Raises Fees for Homebuyers
The Federal Housing Administration (FHA) is raising its fees on mortgages for homebuyers—and homeowners refinancing with an FHA-backed mortgage—in an effort to bolster reserves and encourage the return of private capital to the housing market. 

IHDA Building Blocks Pilot Program Now Available
Financing is now available through the Illinois program offering up to $10,000 in down payment assistance to help buyers purchase vacant properties in six Cook County communities. Learn more from IHDA.


Latest on License Law

Need to Take CE for Your Broker License Renewal Due April 30, 2012?
These links will help you find all your options for state-approved, IAR-sponsored courses — classroom, home study and online. If you took a Proficiency Exam, you need 18 hours (9 Core and 9 Elective; the 9 Core should include 1 Core A and 2 Core B). Brokers who do not transition but are just renewing only need 12 hours (6 Elective and 6 Core). Continuing Education Options | Green CE Home Study

Just Getting Started?
IAR's 30-Hour home study option for Salesperson to Broker is cost-effective, quick and fulfills all your transition hours AND 18 hours of CE required to renew your license - PLUS you get Course I credit for GRI. (Item #625 in the IAR REALTOR Store). The 45-Hour Managing Broker Transition Course is your best option as the Proficiency Exam period ends on March 15. This course fullfills the Managing Broker transition hours as well as credit for the 12-hour Broker Management CE!

Transition Resources at IARlicenselaw.org
You'll find the transition information and resources you need from education options and locations, proficiency guidelines, links to transition applications and more at IARlicenselaw.org. The IAR Transition Help Line also is available 9 a.m. to 3 p.m. Monday through Friday. E-mail questions@IARlicenselaw.org or call 877-538-5861. 


Market Stats and Research

More Banks Viewing Short Sales as Better Option
Banks are now more willing to do short sales and that trend will likely “show up in more local markets in 2012 as lenders recognize short sales as a better option for many of their non-performing loans," said RealtyTrac CEO Brandon Moore.


Legislative and Advocacy

Six Municipalities to Vote on Home Rule
With voters in six Illinois municipalities being asked to consider home rule in the March 20 primary, IAR's RVOICE program is working to inform voters of the potential pitfalls of home rule power.

DeKalb Housing Task Force Weighs Landlords' Concerns
IAR local Government Affairs Director Kristen Jungles is monitoring a proposed ordinance in DeKalb County that could force rental property owners to register and pay as much as a $75 annual fee. 

Belvidere Landlords Challenge Rental Registration
In Belvidere, IAR local Government Affairs Director Conor Brown reports that IAR is working with property owners to fight plans to add $25 in registration fees to rental properties.


Legal Issues

Hot Legal Topic: Syndication of Listing Information
In the latest D.R. Legal News, IAR Chief Legal Counsel Steve Bochenek covers a hot topic of conversation among multiple listing services (MLSs) and real estate brokerage companies: the syndication of listing information.

Recent IDFPR Disciplinary Actions
Read about the latest disciplinary actions taken by the Real Estate Division of the Illinois Department of Financial and Professional Regulation. 


Sales and Marketing

4 Tips for Working with Foreign Buyers
Find practical tips for working with foreign buyers including this one: Foreign buyers will not only want you to compare homes with those in neighboring communities, but also different cities and even states, according to this REALTOR.org article.

Increase Your Knowledge About European and Russian Markets
For only $20 you can learn more about the unique real estate opportunities involving European and Russian markets including corporate global relocation, demographics, cultural norms at the 3rd Annual IAR Multicultural Summit on April 18. Register by April 4 for the $20 rate.


Events

March 28: Put On Your Riding Boots for The RPAC Stick Horse Derby 
Contact Sarah Beaston Clayton to sponsor your horse today or enter the Derby Hat Contest!  There will also be a silent auction, raffle and contests for best dressed horse and jockey. Giddy up! Hat contest entry form (pdf) | Stick Horse Derby details (pdf). The derby will be held in conjunction with IAR Business Meetings.

March 14 ROTY Ticket Deadline 
Reminder: If you plan to attend the 2012 REALTOR® of the Year Banquet, the deadline to order tickets is March 14. 

YPNs: Your Voice Matters at IAR Capitol Conference
Several YPN events are planned for the IAR Housing Conference and Capitol Conference on March 26-27 including a YPN happy hour/dinner, a YPN legislative meeting with Rep. Joe Sosnowski (R-Rockford), and the YPN Can-Up Challenge food drive. Learn more


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