IARbuzz.com Blog

Managing Broker License Renewals: Are You On Schedule?

Tue, 03/24/2015 - 11:18am
Have you checked your educational credits lately? Managing Broker license renewals are due April 30th. If you are unsure about the requirements, use this checklist as a guide: Managing brokers who were first licensed prior to Feb. 1, 2013 need … Continue reading →

Morning Minute: Illinois home prices see gains in February

Tue, 03/24/2015 - 11:08am
The spring real estate season is around the corner and Illinois homeowners may decide now is the time to list their homes for sale. The lower inventory of homes for sale and increasing buyer demand are driving home prices higher. … Continue reading →

Infographic: Illinois home prices head higher in February 2015 #IARMarketStats

Tue, 03/24/2015 - 10:03am
Illinois has seen steady annual gains in home prices and the upward trend can be seen in communities statewide. In February, 50 Illinois counties recorded year-over-year median prices gains. Download and share the latest Illinois Association of REALTORS® infographic highlighting … Continue reading →

Broadview residents get information urging Home Rule defeat

Tue, 03/24/2015 - 9:15am
Postcards with the headline “Home Rule is like handing local officials a blank check,” arrived in the hands of Broadview residents during the past few days, reminding them to vote “no” on the April 7 Home Rule referendum there. Broadview, … Continue reading →

Midlothian residents get second anti-tax mailing

Mon, 03/23/2015 - 3:40pm
The Illinois Association of REALTORS® and the Mainstreet Organization of REALTORS® mailed postcards to Midlothian residents late last week, urging them to vote “no” to the real estate transfer tax on April 7. It is the second mailing from IAR … Continue reading →

Mailing explains our support for Crestwood sales tax referendum

Mon, 03/23/2015 - 1:53pm
Mailers recently sent to Crestwood residents outline at least two good reasons they should vote “yes” regarding the April 7 referendum to increase sales taxes 1 percent in Crestwood. Village officials estimate the increased sales tax will raise conservatively about … Continue reading →

Illinois and Chicago area home prices surge higher in February

Mon, 03/23/2015 - 11:37am
Illinois home prices continued to strengthen as the statewide median price experienced a double-digit annual gain in February, marking 30 consecutive months of year-over-year price increases, according to the Illinois Association of REALTORS®. Read the news release and share a … Continue reading →

15 reasons to read today’s IAR State Capitol Report

Fri, 03/20/2015 - 5:12pm
Our Call for Action on the sewer video bill and the appointment of Bryan Schneider as Secretary of the Illinois Department of Financial and Professional Regulation are among the 15 items listed in today’s IAR State Capitol Report. IAR members … Continue reading →

Digital version of April magazine available now

Fri, 03/20/2015 - 3:05pm
The April 2015 edition of Illinois REALTOR® magazine is due to hit your mailbox any day. But the digital version is available with just a click of your mouse. The 32-page April edition features several stories on helping mature homeowners … Continue reading →

Get involved: Support REALTOR®-friendly candidates in these Opportunity Races

Fri, 03/20/2015 - 3:04pm
Each election cycle Illinois REALTORS® single out champions of the real estate industry for enhanced support. This April 7, REALTORS® in various communities throughout the state have a chance to support 12 REALTOR® Champions. Opportunity Races candidates are selected by … Continue reading →

Schneider gets Senate OK, confirmed to head IDFPR

Fri, 03/20/2015 - 2:58pm
The Illinois Senate confirmed Gov. Bruce Rauner’s appointment of Bryan Schneider as director of the Illinois Department of Financial and Professional Regulation. Schneider is divisional vice president and assistant general counselor for Walgreens. He’s a member of the state Board … Continue reading →

New form ready for residential property owners in portions of Cook County

Fri, 03/20/2015 - 11:46am
A new law goes into effect Saturday in unincorporated portions of Cook County which requires sellers of residential properties to verify all parties in real estate transactions have knowledge of the zoning and permitted uses of parcels in their transactions. This verification … Continue reading →

IAR supports U.S. Rep. Kelly and constituents at housing expo

Fri, 03/20/2015 - 11:15am
REALTORS®, lenders, exhibitors and local residents came together at the Faith Baptist Church in Matteson for U.S. Rep. Robin Kelly’s second annual housing expo. Among the REALTORS® in attendance last weekend were: Jim Sim of Frankfort, Dondi Maricle of Bourbonnais, … Continue reading →

Morning Minute: Spring is here! Get your house ready for potential homebuyers

Fri, 03/20/2015 - 10:16am
Cue the daffodils and sunshine. Spring officially kicks off today! If you are selling your home this spring, now is the perfect time to clear out the winter clutter, spruce up your home’s curb appeal and make needed repairs to … Continue reading →

Get Core A continuing education and cooperative resolution tips at IAR Spring Conference

Thu, 03/19/2015 - 3:34pm
Nationally known speaker and instructor Lynn Madison will provide Core A CE training during one afternoon session and will co-host the Professional Standards Breakfast with Chris Read during the 2015 IAR Spring Conference May 6 & 7 in Collinsville. Register … Continue reading →

Repealing like-kind exchange rules could negatively impact real estate

Thu, 03/19/2015 - 3:14pm
As Congress considers tax reforms, it is important that Congress not repeal Section 1031 Like-Kind exchanges that allow real estate investors to defer capital gains tax and income tax when they exchange one business or investment property and replace it … Continue reading →

Two Central Illinois associations will merge on April 1

Thu, 03/19/2015 - 11:37am
The Capital Area REALTORS® (CAR) announced a merger today with the West Central Illinois Association of REALTORS® (WCIAR) as well as both organizations’ Multiple Listing Service (MLS). The combined organization, operating under the name Capital Area REALTORS®, will have 600 … Continue reading →

REALTOR® efforts ensure affordable housing ordinance reflects developers’ needs

Wed, 03/18/2015 - 4:17pm
  The City of Chicago passed revisions to the Affordable Requirements Ordinance after over a year and half of intense, often contentious debate on the future of development of residential units. The ordinance was created 11 years ago and updated … Continue reading →

Postcards mailed in REALTOR® battle against new Midlothian tax

Wed, 03/18/2015 - 3:15pm
The Illinois Association of REALTORS® and the Mainstreet Organization of REALTORS® mailed postcards to Midlothian residents this week, educating voters about why they need to reject this potential new tax. According to IAR Governmental Affairs Director Tom Joseph, the postcard … Continue reading →

Bill to modify ‘Notice by Publication Act’ defeated in committee

Wed, 03/18/2015 - 2:00pm
The Illinois Association of REALTORS® spoke in opposition to House Bill 261 before the House Counties and Townships Committee rejected it. The bill sought to amend the Notice by Publication Act to allow all governmental units to publish any required … Continue reading →