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Flood insurance premiums to decrease May 1 for buyers of older properties

IARbuzz.com Blog - Wed, 04/30/2014 - 2:31pm
The National Association of REALTORS® has worked to lower flood insurance premiums. Now that effort begins to pay off for some homebuyers. NAR announced today that beginning May 1, buyers of older properties will get to assume an October 2013 … Continue reading →

Final Day for 2014 Broker License Renewal!

IARbuzz.com Blog - Wed, 04/30/2014 - 10:18am
If you are an Illinois Broker who needs to renew your license before the April 30, 2014 deadline, today is the final day to submit your renewal application along with the $150 state of Illinois licensing fee to the Illinois … Continue reading →

Sign up now for IAR’s Aurora Habitat for Humanity project

IARbuzz.com Blog - Tue, 04/29/2014 - 11:48am
The dates for the Aurora Habitat for Humanity project have been announced, and you can sign up today to take part in building the third of three homes the Illinois Association of REALTORS®’s membership plans this year. The dates are: … Continue reading →

Broker License Renewal: Don’t Wait Until Too Late to Renew with IDFPR!

IARbuzz.com Blog - Tue, 04/29/2014 - 11:22am
Don’t procrastinate! If you are an Illinois Broker who needs to renew your license before the April 30, 2014 deadline, don’t wait until the last minute to do so or you could miss the deadline and find yourself unable to … Continue reading →

Morning Minute: Rockford REALTORS® spread the word about Welcome Home Illinois homebuyer program

IARbuzz.com Blog - Tue, 04/29/2014 - 9:47am
Rockford Area REALTORS® are among those talking about the state’s new Welcome Home Illinois program aimed at helping first-time buyers get into a home during the spring and summer buying season. Qualifying Illinois residents can get $7,500 in down payment … Continue reading →

Morning Minute: U.S. pending home sales see month-over-month gain in March

IARbuzz.com Blog - Mon, 04/28/2014 - 9:59am
March pending home sales rose 3.4 percent compared to February, the first gain in the last nine months, according to the latest National Association of REALTORS® Pending Home Sales Index. Year-over-year pending sales were down 7.9 percent compared to March … Continue reading →

IAR at Council of Great Lakes Governors

IARbuzz.com Blog - Sun, 04/27/2014 - 5:40pm
Members of the Illinois Association of REALTORS® were in Chicago this weekend for the Council of Great Lakes Governors, an annual gathering of top state executives from throughout the region. The conference was held at the Shedd Aquarium, and concentrated … Continue reading →

Marion-area REALTORS® appear with governor to promote home program

IARbuzz.com Blog - Fri, 04/25/2014 - 4:36pm
Gov. Pat Quinn made two stops Thursday in the southern part of the state as part of his effort to promote Welcome Home Illinois. Appearing with Quinn in Marion were a number of REALTORS®, including Meghan Aloffo who spoke on … Continue reading →

Morning Minute: Short sales falling out of favor?

IARbuzz.com Blog - Fri, 04/25/2014 - 12:15pm
The New York Times reports on CoreLogic data that shows fewer distressed homeowners may be opting to sell their home through a short sale, in part because the expiration of the Mortgage Forgiveness Debt Relief Act means they could owe more … Continue reading →

U.S. Rep Gutierrez meets with REALTORS®; says he supports housing debt relief legislation

IARbuzz.com Blog - Fri, 04/25/2014 - 11:34am
Eleven-term U.S. Rep. Luis V. Gutierrez met with Illinois REALTORS® on Friday, April 25, 2014 as part of IAR’s ongoing dialogue with members of Congress. Roughly 50 REALTORS® came out to the Brookfield Zoo for the breakfast meeting with Rep. … Continue reading →

Broker Renewal: Last Chance Post-License Webinar on April 28 & 29

IARbuzz.com Blog - Fri, 04/25/2014 - 11:09am
If you are an Illinois broker licensed between Feb. 1, 2012 and Jan. 31, 2014, and you still need to complete the 30-hour broker post-license requirements for your renewal, the IAR Licensing and Training Center is offering one last webinar … Continue reading →

What You Should Know About the Business Brokers Act

IARbuzz.com Blog - Fri, 04/25/2014 - 9:47am
IAR’s  Commercial/Industrial Committee has had several recent discussions about who needs to be in compliance with registration requirements of the Illinois Business Brokers Act. The Business Brokers Act of 1995 requires any person living in Illinois to be registered as … Continue reading →

See what the IAR Springfield Habitat build will look like

IARbuzz.com Blog - Fri, 04/25/2014 - 9:18am
The Springfield Habitat for Humanity build is set to begin May 19, and updated blueprints for the home have just been released. The plans call for a four-bedroom home located at 2210 E. Enterprise. You can sign up today to be … Continue reading →

Quinn, REALTORS® tout benefits of Welcome Home Illinois program

IARbuzz.com Blog - Thu, 04/24/2014 - 2:17pm
Gov. Pat Quinn was in southern Illinois on Thursday, April 24, 2014, to promote the Welcome Home Illinois program. On hand for the event were Illinois REALTORS® including Meghan Aloffo and Jeff Moss, who talked about the importance of housing to … Continue reading →

Morning Minute: Mortgage rates rise slightly this week

IARbuzz.com Blog - Thu, 04/24/2014 - 11:38am
Fixed mortgage rates ticked up this week with the 30-year fixed rate averaging 4.33 percent and the 15-year averaging 3.39 percent, Freddie Mac reported this morning. Read more. In other headlines: Housing Markets Improve in Majority of States – Daily … Continue reading →

U.S. Rep. Shimkus meets with Illinois REALTORS®

IARbuzz.com Blog - Thu, 04/24/2014 - 11:30am
The second of three Let’s Talk Real Estate events this week  took place Thursday, April 24, 2014 in Effingham with U.S. Rep. John Shimkus, R-Collinsville. Shimkus represents the 15th Congressional District, which includes a wide swath of southern Illinois. Shimkus … Continue reading →

Quick Links for 2014 Broker License Renewal

IARbuzz.com Blog - Thu, 04/24/2014 - 9:57am
By April 30, 2014 Illinois Broker licensees must have completed the continuing education (CE) requirements and applied to renew their license through the Illinois Department of Financial and Professional Regulation (IDFPR). Find a Q&A on renewal, checklists and IAR Quick … Continue reading →

Dearborn Realtists plan update event

IARbuzz.com Blog - Wed, 04/23/2014 - 3:20pm
An upcoming event may be of interest to Illinois REALTORS®. The Dearborn Realtist Board is holding a Real Estate Industry Update from 11:30 a.m. to 4:30 p.m., Friday, April 25, 2014 at Bank of America, 135 S. LaSalle St. in … Continue reading →

Broker License Renewal: Only eight more days until April 30 deadline

IARbuzz.com Blog - Wed, 04/23/2014 - 11:00am
We are just eight days away from the April 30 real estate broker license renewal deadline set by the Illinois Department of Financial & Professional Regulation (IDFPR). Brokers, what do you need to do? First, check the IDFPR CE Look … Continue reading →