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More than 2,500 answer Ad Tax Call for Action; have you?

IARbuzz.com Blog - Mon, 07/13/2015 - 10:23am
Illinois REALTORS® are answering a Call for Action urging Illinois policymakers to make sure a 10 percent sales tax on advertising and related services never gains traction. (Take part here). As of Monday morning, 2,531 IAR members have sent more than … Continue reading →

REALTORS® discuss real estate issues, economy with local government officials

IARbuzz.com Blog - Mon, 07/13/2015 - 9:18am
Country Club Hills Mayor James Ford, IAR Local GAD Tom Joseph and three members of the Government Affairs Committee for Mainstreet Organization of REALTORS® came together with a pair of other local government officials for a roundtable discussion about municipal … Continue reading →

Morning Minute: Mortgage rates fall lower this week

IARbuzz.com Blog - Fri, 07/10/2015 - 9:59am
Freddie Mac reported this week that fixed mortgage interest rates dipped this week amid global financial uncertainty. The 30-year, fixed-rate mortgage averaged 4.04 percent while the 15-year, fixed-rate mortgage averaged 3.20 percent. Both are lower than last week as well … Continue reading →

Krieter receives Rhino Award for work as association executive

IARbuzz.com Blog - Fri, 07/10/2015 - 9:05am
Pam Krieter, who leads the Mainstreet Organization of REALTORS® and has been a longtime association executive in the Chicago area, was honored with the 2015 Rhino Award by her peers at a ceremony in Itasca, Friday, July 10, 2015. The … Continue reading →

Here are nine take-aways from Hata’s association executives’ session

IARbuzz.com Blog - Thu, 07/09/2015 - 3:06pm
Nobu Hata, the director of digital engagement for the National Association of REALTORS® spoke to IAR’s association executives on Thursday, July 9, 2015. Here are nine take-aways from his presentation: 1. If you are afraid of technology in the real … Continue reading →

Groups asking CFPB to look past proposed Oct. 3 TRID deadline

IARbuzz.com Blog - Thu, 07/09/2015 - 2:10pm
The National Association of REALTORS® as well as mortgage and housing industry trade groups have asked the Consumer Financial Protection Bureau (CFPB) to consider a formal grace period or extend the deadline for enforcement of the TILA-RESPA Integrated Disclosure (TRID) … Continue reading →

Supreme Court ruling on Fair Housing highlights July D.R. Legal News

IARbuzz.com Blog - Thu, 07/09/2015 - 11:50am
Illinois REALTORS® could be affected by a U.S. Supreme Court case regarding Fair Housing, according to the July edition of D.R. Legal News for managing brokers. The IAR publication also includes: Explanations of six case studies, including one where a … Continue reading →

Association executives meet in Itasca for workshop

IARbuzz.com Blog - Thu, 07/09/2015 - 9:27am
  The Illinois Association of REALTORS® is holding a two-day workshop for local REALTOR® association executives this week in Itasca, Ill. The event began Thursday morning, July 9, 2015, at the Westin Northwest with a presentation on The Value Proposition … Continue reading →

IAR Call for Action issued to stop the advertising tax

IARbuzz.com Blog - Wed, 07/08/2015 - 1:12pm
The Illinois Association of REALTORS® issued on Wednesday, July 8, 2015, a Call for Action urging members to tell lawmakers a proposal on taxing advertising is a bad idea. IAR is part of a coalition of groups who are concerned … Continue reading →

LaHood, Mellon advance to September special election

IARbuzz.com Blog - Wed, 07/08/2015 - 12:32pm
Illinois Sen. Darin LaHood and Robert Mellon won the Republican and Democratic primaries, respectively Tuesday, and advanced to the Sept. 10 special election for the 18th Congressional District. The two are fighting for the right to replace former U.S. Rep. … Continue reading →

New Chicago aldermen meet with IAR and CAR

IARbuzz.com Blog - Wed, 07/08/2015 - 10:34am
New Chicago aldermen Brian Hopkins (2nd Ward), Greg Mitchell (7th Ward), Patrick Daley Thompson (11th Ward), Raymond Lopez (15th Ward), Derrick Curtis (18th Ward) and Anthony Napolitano (41st) met with members of the Illinois Association of REALTORS® Local Government Affairs … Continue reading →

Morning Minute: Rental costs climb higher in many U.S. cities

IARbuzz.com Blog - Wed, 07/08/2015 - 10:00am
The cost of renting is rising in many areas, a boon for landlords and investment property owners, but not for apartment renters. During the second quarter of this year, average effective rents rose 3.6 percent, continuing recent upward trends, according … Continue reading →

CIPS designation could be one reason demand for course is high

IARbuzz.com Blog - Tue, 07/07/2015 - 3:13pm
With a July 17 deadline looming, less than 10 spots are available for REALTORS® to register for “Global Real Estate: Local Markets,” the six-hour CE elective (RB7005-564001070) scheduled for July 22 in Downers Grove. The prerequisite course for the CIPS … Continue reading →

Newspaper editorial: Ad tax is a bad idea, would hurt business

IARbuzz.com Blog - Tue, 07/07/2015 - 9:17am
REALTORS® and others who rely on advertising to get their message out should be wary of a proposal to tack as much as a 10 percent tax on advertising in Illinois. According to the Daily Herald editorial, there’s no other … Continue reading →

Yes, it is summer; but 18th District voters have an election

IARbuzz.com Blog - Mon, 07/06/2015 - 11:21am
REALTORS® can make a difference Tuesday in the 18th Congressional District as voters there will cast ballots in a special primary. The GOP primary features Darin LaHood, Mike Flynn and Donald Rients. On the Democratic side Rob Mellon and Adam … Continue reading →

Morning Minute: Chicago makes the grade when it comes to college towns where it pays to invest in rentals

IARbuzz.com Blog - Mon, 07/06/2015 - 10:23am
If you’re thinking about investing in rental properties that appeal to college students and new grads, then Chicago could be your kind of town. Chicago ranks No. 9 in a list of top 10 metropolitan college markets when it comes … Continue reading →

REALTORS® notice deadline for SB 1380 extended to July 31

IARbuzz.com Blog - Thu, 07/02/2015 - 3:56pm
For the second time in about a month, the Illinois House has extended the deadline for consideration of Senate Bill 1380. This time, the deadline is July 31. According to today’s IAR State Capitol Report, the bill amends two sections … Continue reading →

IAR office closed Friday for Independence Day

IARbuzz.com Blog - Thu, 07/02/2015 - 12:00pm
The Illinois Association of REALTORS® wishes you a safe and happy Independence Day holiday. The IAR office, IAR Legal Hotline and IAR Transaction Helpline will be closed Friday, July 3, in observance of the holiday. All will reopen on Monday, July 6. … Continue reading →

REALTORS® must spread word about $60K for housing assistance for June tornado victims

IARbuzz.com Blog - Thu, 07/02/2015 - 10:17am
The National Association of REALTORS® set aside $60,000 to provide mortgage and rent assistance to victims of June 22 tornadoes in northern Illinois through the NAR REALTORS® Relief Foundation. REALTORS® can help distribute applications locally so victims can apply for … Continue reading →

REEF announces 26 college scholarship winners

IARbuzz.com Blog - Tue, 06/30/2015 - 1:20pm
The not-for-profit Illinois Real Estate Educational Foundation (REEF) announced 26 winners of academic scholarships for the 2015-16 school year, worth a total of $28,000. Stacy Webber of Pesotum is the recipient of the 2015 Morgan L. Fitch Scholarship ($2,000), and … Continue reading →