Weekly 10-15-13

Illinois REALTOR® Weekly Connection

Last Call: Help RPAC Reach 26 Percent Participation Goal Today!

The 2013 RPAC year-end fundraising deadline is today. Illinois has a unique opportunity to be recognized for its leadership if 1,942 additional members give $20 by the close of business today. Donate to RPAC and make your fair share contribution count. (Disclaimer: The Illinois REALTORS® Political Action Committee (RPAC) solicits contributions from IAR members only.) 

Contribute Now

Get More Done in Less Time by Working Smarter

Join the Thursday, Oct. 17IAR Lunch and Learn Webinar, "Strategic Thinking" with Greg Herder to learn how to work more efficiently by focusing on the tasks that produce the greatest return on your investment. This one-hour webinar will teach you the theory of strategic thinking and then walk you through the step-by-step process. The webinar begins at noon and is a FREE benefit for IAR members. Register now.

NAR to Congress: Defaulting on Debt Could Have Disastrous Consequences for Housing

NAR President Gary Thomas testified before the Senate Committee on Banking, Housing and Urban Affairs, calling on Congress to raise the debt ceiling and avoid default. Read more.

Three "Let's Talk Real Estate" Events Cancelled This Week Due to Federal Shutdown

Events with U.S. Reps. Cheri Bustos on Oct. 15, Jan Schakowsky on Oct. 16 and Robin Kelly on Oct. 17, have been cancelled due to the federal government shutdown and ongoing discussions over the nation's debt ceiling. IAR will work to reschedule these events at a later date. Stay tuned and check this page for updates on these and other "Let's Talk Real Estate" events.

Video: Brokerage and RELA

In the latest Legal Webinar Quick Topics video, IAR legal counsel cover the types of real estate broker status and activities covered by the Real Estate License Act so that you can be sure you are in compliance.

What's Covered Under E&O Insurance? 

Register for the Oct. 24 IAR Legal Webinar, "E&O Insurance...What is Covered...Or Not?" IAR Chief Legal Counsel Steve Bochenek and IAR Legal Hotline Attorney Betsy Urbance will discuss risk management,  what is covered under a broker's errors and omissions insurance and what typically is not. The webinar begins at 9:30 a.m.

Education & Training

Where Do I Send My 2014 Broker License Renewal?

By April 30, 2014, Illinois Broker licensees must have completed the CE requirements and applied to renew their license through IDFPR. IAR's Licensing & Training Center has created a Q&A and checklist to help you get ready. This week's question:

  • Q: Where do I send my renewal? A: You can renew online via credit card payment or print a paper copy and mail in your renewal and renewal fee payment (postmarked no later than April 30, 2014) to the Illinois Department of Financial and Professional Regulation (IDFPR), P.O. Box 7086, 320 West Washington, Springfield, IL 62791. Note: Completion of your CE is not enough. You must submit your renewal application and fee to IDFPR. However, IDFPR does not want you to send in copies of your CE completion certificates. Proof of CE should be kept with your records in case of an audit.

Scare Up Some GRI Savings and Register by the Oct. 31 Early-bird Deadline

GRI returns to Chicagoland this Dec. 2-5 at the Westin Chicago Northwest. Register by Oct. 31 and you'll get the best rate along with the opportunity to earn 6 hours CE, build a referral base with other REALTORS® and take care of some pre-holiday shopping and dining in the Chicagoland area.

Market Stats and Research

Housing Affordability Falls to Four-year Low

As home prices and mortgage interest rates continue to rise,NAR's housing affordability index has fallen to the lowest level since 2009. Affordability varies by region, however, and the Midwest continues to rank higher in affordability than other areas.

Coming Monday: IAR to Release September Home Sales Report 

IAR will release the Illinois September home sale report at 8 a.m. Monday, Oct. 21. As an IAR member you have exclusive access to county-by-county data, market talking points and more. Log in to Members Only IAR Marketstats.


October 17

IAR Lunch and Learn Webinar at noon with Greg Herder, who will share tips for working smarter. REGISTER

October 22-24

Illinois General Assembly Veto Session

October 24

IAR Legal Webinar - "E & O Insurance...What is Covered...Or Not?"

October 29-30

IAR Licensing & Training Center Webinar: Broker Pre-License Applied Real Estate Principles (15-hour interactive) with Lynn Madison. REGISTER | 800-523-5077

November 4-5

Continuing Education Courses in Napa - 3 hours Core B, 3 hours Elective, 3 hours Elective Home Study

November 5-7

Illinois General Assembly Veto Session

November 8-11

2013 NAR REALTORS® Conference & Expo in San Francisco

November 19-20

IAR Licensing & Training Center Webinar: Broker Pre-License Applied Real Estate Practices (15-hour interactive) with Norm Willoughby. REGISTER | 800-523-5077

December 2-5

Graduate REALTOR® Institute (GRI) Course II and III, Itasca

December 4-5

Graduate REALTOR® Institute (GRI) Grad Course, Itasca

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October 15, 2013