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Illinois REALTOR® Weekly Connection

News and resources for Illinois REALTORS®

September 11, 2012

Industry News and Trends

REbarcamp Illinois is in St. Charles Oct. 2
REbarcamp focuses on topics in social media, technology, branding, marketing, and what’s happening now and next in the industry. The event, hosted by Illinois YPN, is not structured like a typical conference where every session is planned out in advance. Here, anybody can lead a discussion and attendees are strongly encouraged to participate. Registration is free at Illinois REALTOR® and REbarcamp veteran Tony Lazarri shares what you can expect at a REbarcamp in a blog post.

September is REALTOR® Safety Month
Stay safe in the office and at home with safety tips, NAR resources and videos, including this one from NAR, "Social Media and Cyber Safety Strategies." There is still time to register for the free Sept. 17 REALTOR® Safety Series webinar, "Are You & Your Data an Easy Target?"

You Could Be a Big Winner at the IAR Fall Conference & Expo Oct. 2-4!
Cash prizes will be awarded daily in the Expo, and there will be iPad and flat-screen TV giveaways from our generous sponsors. See the full list of prizes. What else is new this year? How about the IAR Presidential Straw Poll, where you can vote for Barack Obama or Mitt Romney and take your photo with cutouts of the candidates.

IAR Virtual Expo is Now Live
Look who's coming to the Expo at the IAR Fall Conference & Expo, Oct. 2-4 at the Pheasant Run Resort in St. Charles. Check out the virtual expo to learn more about the industry vendors ready to do business with you. Advance registration for the IAR Fall Conference & Expo ends Sept. 20. Register now.

Legal Issues

Sept. 27 IAR Legal Webinar: Back to School
School is back in session and this month, IAR Chief Legal Counsel Steve Bochenek and Legal Hotline Attorney Betsy Urbance will answer your questions in a one-hour webinar at 9:30 a.m., Thursday, Sept. 27.  Have your question featured during the webinar, by submitting it in advance to Live questions will be answered during the webinar, but priority will be given to those received in advance.

Top 6 Compliance Issues from IDFPR
In a special report exclusive for IAR members in the September D.R. Legal News, the Illinois Department of Financial and Professional Regulation (IDFPR) outlines the six top license compliance issues.

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

Code of Ethics Cycle Ends Dec. 31, 2012
Learn more about your Code of Ethics training requirements from NAR. Reminder: the GRI II course being held November 26-29 in Bloomington counts toward the completion of Code of Ethics requirement. Take GRI Course II with Bruce Aydt's course "Ethics, Arbitration and You." 

Market Stats and Research

Fannie Mae: American Outlook on Housing Improves
Consumers are feeling more positive about the housing market despite concerns about the overall economy, according to Fannie Mae’s August 2012 National Housing Survey. More people say they expect home prices to rise in the next year and that it is a good time to sell.

NAR: U.S. Homes Selling Faster; Time on Market Down
The typical time it takes for a home to sell is shrinking, in part because of tightened housing inventory, NAR reports. The median time on market fell to 69 days in July, down 29.6 percent July 2011 when it was 98 days. Read the full news release.

Legislative & Advocacy

Springfield's Q5 Scores Big Victory
The hard work of Springfield REALTORS® achieves a “win-win” for everyone - local developers, the city and overall economic development - with their participation in the Quantum Growth Partnership (or Q5) and success in making changes to the rules that govern development in Springfield. Read more from IAR local Government Affairs Director (GAD) Neil Malone. 

Skokie Tables Rental Licensing After REALTOR® Reaction
The Skokie Village Board tabled action on a proposed rental unit licensing ordinance until Oct. 15 after the North Shore-Barrington Association of REALTORS® in partnership with local landlords and tenant advocacy groups raised concerns. Read more.

MID at the National Political Conventions
Find out what the political parties had to say about the Mortgage Interest Deduction at the recent conventions in a Speaking of Real Estate blog post from NAR.


October 2
Commercial Training Opportunity in St. Charles. This special program at Pheasant Run Resort features sessions on identifying value and return on investment, key points to look for in commercial contracts and legal analysis and due diligence recommended in commercial real estate. Register now, the cost is $15

October 8-12
CIPS Institute in Chicago. Register for this Certified International Property Specialist (CIPS) designation course and learn more about global markets and transactions. Taking the full Institute fulfills the classroom requirements for the CIPS designation. 

October 10-11
National Forum on Workforce Housing: Bring Workers Home in Chicago. This two-day event features a workforce housing forum and an employer-assisted housing class. Learn more and register.

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